If you are a QuickBooks Online (QBO) user, you know that a foundational feature of QBO is connecting your financial institutions to QBO using bank feeds – usually checking, savings and credit card accounts. The recommended workflow is to pre-enter your transactions into QBO, and when the transactions arrive in
Have your business clients recently discovered they’re liable for communications tax? If so, they’re far from alone. Now, the question is: How will you stay compliant? The answer may not be as simple as you’d initially think. Communications tax can be very different from sales and use tax. And depending
Economic nexus laws are leaping across borders, real money is pouring into the virtual world, and sales tax holidays are causing consternation. Read about all this and more below: To begin with, if sales tax holidays weren’t challenging enough, counties and municipalities aren’t required to participate in Alabama’s sales tax
Part one answered unusual questions submitted by Waldo Lydecker, a contentious freelancer, who says he’ll pocket a seven-figure advance in 2021 that’s noticeably north of one million dollars for his next book. It also focused on two books. The first one is by Stormy Daniels, who alleges that she had
Expectations and ways of working with clients have changed thanks to the pandemic. There are so many digital platforms that are being used to engage with people, send data, perform tasks and communicate with clients. Now, we’re focusing on a digital client experience where CPAs are having to adapt and learn
Xero has unveiled comprehensive improvements to its bank reconciliation feature, the largest upgrade to the function in a decade. In the past 12 months, Xero has processed more than 1.76 billion bank transactions for more than 2.7 million subscribers around the world. The new improvements allow all Xero subscribers to
Let’s face it: We are done about talking about the pandemic. We’re exhausted. The last 16 months or so have turned our entire worlds upside down. From quarantines to rapid testing, we want a break from the news and we want a little more joy in our lives. Part of
Despite today’s digital-first world, for many accountants, document processing and management remains as challenging and archaic as not having a work email for daily communication. The public sector is especially susceptible to manual document processing challenges with legacy systems and tools unable to keep pace and handle any unexpected influx
Accounting software maker, Accounting Seed has implemented a new version of its Financial Reporter product, which is now fully integrated with the Salesforce Lightning user interface (UI). This upgrade also brings significant updates to the platform’s standard and custom reports, enabling users to easily access, navigate, update, and export financial
I receive tax queries from fellow freelance writers and from wannabes, that is, would-be writers. Most of the questions they send are pretty much the same. Does the IRS agree that they can claim deductions in 2021 for 100 percent of certain expenses? Or permit them to take deductions in
