Taxes

Small Business

June 21, 2022 

In-Store Retail is Making a Comeback

More than half of consumers surveyed now prefer to find new products in-store rather than online, according to a new report by 5WPR. They enjoy speaking with sales people, getting their hands on products, and simply basking in the in-store ambiance ...

Gail Cole

Are You Ready for New 1099-K Rules?

Taxes June 21, 2022 

Are You Ready for New 1099-K Rules?

It used to be that receiving a Form 1099-K was relatively rare. The form, technically known as Form 1099-K Payment Card and Third-Party Network Transactions was used to report payments received from various third-party resources. Prior to 2022, the monetary threshold to receive a 1099-K was $20,000, with 200 sales-related transactions required. Both requirements had…

Mary Girsch-Bock

Colorado Retail Delivery Fee is a New Challenge for Wine Shippers

Sales Tax June 21, 2022 

Colorado Retail Delivery Fee is a New Challenge for Wine Shippers

Colorado’s new retail delivery fee applies to any retail delivery in the state that’s made by motor vehicle (including common carriers like FedEx and UPS) and contains at least one item of tangible personal property subject to the state sales or use tax. Since sales tax applies to sales of wine, the retail delivery fee applies…

Gail Cole

Brick-and-Mortar Companies Face Challenges Selling Online

Sales Tax June 21, 2022 

Brick-and-Mortar Companies Face Challenges Selling Online

More than half of consumers surveyed now prefer to find new products in-store rather than online, according to a new report by 5WPR. They enjoy speaking with sales people, getting their hands on products, and simply basking in the in-store ambiance that was closed to them for a time due to COVID-19. Likewise, more than 75% of…

Gail Cole

Remote Workers Abroad Can Cause Employer Headaches

Taxes June 21, 2022 

Remote Workers Abroad Can Cause Employer Headaches

Ordinarily, having an employee working remotely in another state would likely give your company nexus with that state. But after the pandemic hit, several states temporarily waived the enforcement of certain nexus laws. Indiana, Massachusetts, Mississippi, New Jersey, Pennsylvania, and Washington, D.C., were among the first to announce they wouldn’t treat working from home as a…

Gail Cole

Report Shows Trends Affecting Firms

Firm Management June 21, 2022 

Report Shows Trends Affecting Firms

Practice management is the heart and sole of an accounting firm, handling everything from initial client contact to managing workflow, to properly tracking hours and billing clients. When asked, here’s what respondents said were their biggest practice management challenges in 2021.

Mary Girsch-Bock

 Infrrd Unveils Industry-first 100 Percent Accuracy Offering for Document Processing

June 20, 2022 

Infrrd Unveils Industry-first 100 Percent Accuracy Offering for Document Processing

With its new offering, Infrrd is promising its customers they can achieve unprecedented levels of success in the extraction and processing of data from within their documents. This is due to the powerful Artificial Intelligence (AI)-led capabilities found in Infrrd’s proprietary and patented technology. Infrrd’s IDP software platform, coupled with its team of data experts…

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