TaxConnex

APRIL 26, 2022

Not paying attention to your sales tax obligations is never wise. True, it’s a relatively new requirement to collect sales and use tax from remote customers, but it’s one the taxman has always taken seriously from businesses – and that seriousness is only intensifying. Your sales tax obligation starts with nexus.

audit 172

audit Tax Sales Start-ups 172

Acterys

JULY 12, 2023

Why Use Vertical Analysis? Also known as the vertical percentage analysis, you can then use this to evaluate company performance and compare it with previous results to understand the direction of your company. This approach enables you to summarize the operational status of your business.

financial statements 130

financial statements accounting and finance accounts payable Sales 130

Airbase

OCTOBER 25, 2023

There were at least three sessions specifically on AI-powered solutions, plus NetSuite had an AI Center on the floor in case you wanted more information. NetSuite sees opportunities to make its product better by using AI technology to improve: Analytics and insights. Get a demo AI use cases you can see today.

NetSuite 130

NetSuite Technology accounting and finance Kansas 130

Withum

DECEMBER 15, 2023

Conventional operating procedures, strategies, inventory management, staffing, and numerous other standard practices had to change to combat reduced inventory, staffing shortages, and increased online competition. Restructure Your Compensation Plans New Year. Plenty of pay plans have already been reworked over the last year.

Start-ups 115

Start-ups Manufacturing Sales Retail 115

TaxConnex

NOVEMBER 10, 2022

Gain insight into why Robert started TaxConnex and his plans for our future as well as how sales tax has evolved over the years. One of my new tax clients did sales and use tax outsourcing, so I got exposed to sales tax, sales tax processes and the great opportunity to simplify and reengineer a very complex process.

income tax 130

income tax tax return Tax Sales 130

Cherry Bekaert

AUGUST 10, 2023

Recent events have changed the calculus on cost and risk minimization, while new government tax incentives force business leaders to plan for and confront new logistics opportunities. Companies need a clear idea of their supply chain nodes to manage risks and optimize operations.

Finance 98

Finance Tax Manufacturing Legal 98

ThomsonReuters

JULY 25, 2023

Regional disputes, supply-chain disruptions, technological progress, labor shortages, and regulatory changes are only a few of the issues that may prompt a company to rethink its operations. Thomson Reuters: If a business has plans to implement any system changes now or in the near future, should indirect tax (IDT) automation be considered?

Technology 93

Technology Tax audit Sales 93

Withum

APRIL 24, 2024

At this point in time, Enterprise sales are not being discontinued. New QBD Pro/Premier sales are being stopped after 7/31. For the ones using the 2024 version of QBD, how do I find out if it’s time to renew or update/upgrade? If we upgrade to the 2024/25 version of QBD, can I use payroll service still?

quickbooks 52

quickbooks NetSuite payroll E-commerce 52

Cherry Bekaert

SEPTEMBER 13, 2023

In 2022, the organization was acquired by a middle-market private equity firm to drive value through digital transformation and operational efficiencies. Maximizing Operational Efficiency and Profitability With Automation Customer service would play an important role in the improvement of customer success and growth.

Technology 105

Technology E-commerce Hospitality Manufacturing 105

CPA Practice

OCTOBER 30, 2023

While marketing teams have been using AI assistants to whip up emails and create LinkedIn Ads, the accounting teams have struggled to reap the potential rewards AI technology can deliver. Invoice Processing Perhaps the most obvious use of AI in the accounting department is to seamlessly process invoices from start to finish.

Finance 119

Finance Account accountant accounted 119

PYMNTS

OCTOBER 16, 2020

Numerous quick-service restaurants (QSRs) have deployed these technologies to support their operations, tailor their customer service approaches and even boost sales, but many players, including several big names, have been reluctant to invest in such innovations. QSRs Leverage AI.

auditor 109

auditor Sales Technology Account 109

Withum

MAY 23, 2022

Planning, which might include gifting and succession planning opportunities. Section 409A valuations, in instances where the fair market value of the entity is needed for equity-based compensation plans. This is typically used when the entity is not usually profitable and has little if any intangible assets.

Non-Profits 128

Non-Profits Legal Tax Sales 128

CPA Practice

JANUARY 17, 2023

Wayfair case in 2018, expanding a business to make sales in another state establishes economic nexus for your clients and extends their compliance requirements. Sales tax regulations and economic thresholds vary by state, so ensure your client knows what is expected. Registered Agents.

South Dakota 111

South Dakota income tax Legal payroll tax 111

Acterys

MARCH 4, 2022

marks the biggest update yet in our 4 years journey of developing our platform to be the most comprehensive integrated planning and analytics solution. with several new features and functionality enhancements that doubles its ease-of-use, extensibility, and automation capabilities. Acterys 22.1 And here we are with Acterys 22.1

Start-ups 130

Start-ups Account accountant accounted 130

Basis 365

APRIL 20, 2022

It starts by using business funds for personal reasons; with all intentions to reimburse the business. What business structure should you use for an eCommerce business? Keep Sales Records in the Cloud When operating a business, you need to have proof for everything you do.

accounting and finance 87

accounting and finance accounting system Tax audit 87

CPA Practice

AUGUST 16, 2023

Crypto mining operations—the process of creating new digital coins—have unique tax issues because the rules aren’t clear if miners are taxed as cryptocurrency investors or business owners. Mr. Rihely said the terminology used by the IRS to ask the question also has evolved during the course of the years that it has asked the question. “It

cpas 98

cpas tax return Real Estate Tax 98

CPA Practice

APRIL 12, 2023

Now that the IRS has just released its Strategic Operations Plan which lays out the allocation of the funds, you may want to pay close attention to this plan. Now that the IRS has just released its Strategic Operations Plan which lays out the allocation of the funds, you may want to pay close attention to this plan.

Account 116

Account accountant accounted forensic accounting 116

Snyder

MAY 27, 2022

You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to do right now. This type of accounting aims mainly at forecasting and long-term business decisions and is used to ensure your company’s financial health. Operational. Contents: 1. Managerial accounting is….

managerial accounting 98

managerial accounting financial accounting Account accountant 98

inDinero Accounting

DECEMBER 1, 2023

Ask any entrepreneur, and they’ll tell you strategy and planning are essential when it comes to running a business. One of the first things you need to plan for is your business start up costs. If you plan on having a physical office space for you and your staff, make sure you are considering utilities like these.

Start-ups 52

Start-ups Tax tax return B2C 52

CTP

JUNE 24, 2022

As part of the tax planning process, business owners looking to sell their S corporation first need to establish whether they are selling the stock or the assets of the business. An asset sale will involve assigning each business asset to an asset “class,” which then determines your tax liabilities or deductions.

Tax 98

Tax Non-Profits tax planning Sales 98

MineralTree

FEBRUARY 23, 2023

Cash flow forecasting is a critical part of financial planning for businesses of all sizes. Accurate cash flow forecasts help businesses plan for the future, identify trends, and make strategic financial decisions. Organizations use this data to anticipate short-term and long-term business needs and make informed financial decisions.

AP Automation 88

AP Automation accounting and finance AP Processes Finance 88

Withum

JUNE 13, 2023

Download a PDF of this case study. Working closely with the client, the Withum team developed a proof of value for governance using the Microsoft Center of Excellence (COE) Starter Kit and showed how Power Platform, Power Automate and Dataverse could be leveraged to replace existing forms, apps and RPA bots.

Manufacturing 52

Manufacturing Technology Government Start-ups 52

Ronika Khanna CPA,CA

NOVEMBER 17, 2023

that generates revenues either via sales, ads or affiliate marketing. This is a significant increase from 2022 in which the analogous percentage was 13%. This is likely a result of inflationary pressures and the expansion of opportunities available for flexible work. What is the Gig Economy? Onlyfans would be an example of this.

Tax 52

Tax E-commerce audit income tax 52

CPA Practice

MARCH 17, 2023

Yet, when they start planning for college and set their sights on an executive career, some will see that getting a degree in accounting, finance, or business administration (or some combination of these) is a common path to the executive position of CFO, or even the CEO. Technology is the apparent direction in which to look.

Technology 115

Technology accounting and finance AP Processes Finance 115

Menzies

APRIL 25, 2023

Expanding business operations in certain countries can be achieved in less than 24 hours, while in other countries the process is timing-consuming and bureaucratic. A comparable process in either France, Germany or Spain is more probable to take weeks, requiring a significant amount of planning and administration.

corporation tax 52

corporation tax Non-Profits chartered accountant Tax 52

Menzies

JUNE 19, 2023

However, according to the HLB’s Survey of Business Leaders 2023 , 79 per cent of business leaders are continuing to plan for growth. A company that wants to introduce a product in a foreign market may need to establish operations there. However, each country operates from a different rulebook when it comes to tax and employment law.

chartered accountant 52

chartered accountant Tax Manufacturing Sales 52

PYMNTS

NOVEMBER 16, 2020

billion, while Ozon is now considering plans for a $750 million IPO. Third-Quarter Net Revenues, Sales Surge In Indonesia. The company is now reportedly mulling plans for a $750 million IPO in the U.S. In today’s top payments news around the world, JD.com saw its Q3 2020 net revenues increase to $25.7 JD.com Touts $25.7B

Retail 92

Retail Sales 92

Snyder

JANUARY 8, 2023

Dropshipping business plan. To avoid this confusion, in our guide we’ll stick to the most widely used definition of a dropshipper, meaning the supplier. More and more people are shopping online. What does it mean for small businesses? You guessed it! Dropshipping is one of the options. How does it work? Dropshipping business model.

E-commerce 98

E-commerce Non-Profits Start-ups Maine 98

PANALITIX

MAY 31, 2021

First, let’s define ‘Specialization’ as: Developing and marketing products and services based on specific expertise to create differentiation from competitors and achieve more sales. To use skills in business, planning and strategy to provide specialized, business-specific guidance. RESOURCES / ARTICLES. What and How?

Account 130

Account accountant accounted Non-Profits 130

Cherry Bekaert

OCTOBER 5, 2023

No longer can financial teams risk operating with manual preparation, repetitive tasks, siloed workflows and countless spreadsheets. No longer can financial teams risk operating with manual preparation, repetitive tasks, siloed workflows and countless spreadsheets.

Real Estate 115

Real Estate Account accountant accounted 115

Withum

MARCH 3, 2023

Supreme Court interpreted sales tax nexus under the Commerce Clause as a minimal physical connection with a state; however, in South Dakota v. 2080 (2018) , the Supreme Court held that physical presence is no longer the only requirement for sales tax nexus and expanded the meaning of nexus to include sales into a state by a remote seller.

South Dakota 52

South Dakota Tax Real Estate payroll tax 52

Shay CPA

JANUARY 3, 2024

Expanding your operations abroad means that your business is doing well enough to scale in a big way. Once you start operating internationally, your startup could be subject to the local tax laws of your foreign customers. tax law, not the law in the other nation in which you’re operating. The startup happily makes the sale.

Tax 52

Tax income tax CPA Account 52

Snyder

DECEMBER 21, 2022

Also, each department might have its budget (like marketing, sales, the IT department, if you have one, financial, etc.) Static budget – the most basic type of budget that takes into account only fixed expenses – the ones that don’t depend on production or sales volumes. What is a business budget, and why do you need it?

quickbooks 72

quickbooks NetSuite E-commerce accounting and finance 72

CTP

FEBRUARY 20, 2024

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. It’s a widespread belief, but it barely scratches the surface of what tax planning can do. In this article, we’re going to debunk that myth together.

tax planning 98

tax planning Tax Real Estate Education 98

CPA Practice

MAY 17, 2023

Review your property tax accounts First, it’s important to become familiar with all your property tax accounts so you can plan your return activities accordingly. By Carl Hoemke. The property tax life cycle is a complex beast, and taming it can be both frustrating and time-consuming. What is a business personal property rendition?

South Dakota 105

South Dakota North Dakota Real Estate Washington 105

PYMNTS

OCTOBER 8, 2020

In September, the Centers for Disease Control (CDC) issued updated guidance about on-premise dining as follows: “Findings from a case-control investigation of symptomatic outpatients from 11 U.S. And restaurant operators are aware. We’ve had it. Taking a bite from the cave bear’s playbook, some are going for hibernation. “We

Hospitality 116

Hospitality Healthcare Sales Retail 116

Menzies

FEBRUARY 7, 2023

Having now transitioned in to the cloud, using the correct and efficient inventory management system is now easier than ever and can help foster business growth and productivity, as well as provide a stable platform to support further growth and operational health. As a SME knowing what you have and have not got in stock is crucial.

chartered accountant 52

chartered accountant Sales Start-ups Technology 52