ThomsonReuters

JULY 10, 2023

Jump to: What is sales tax? What is use tax? Sales tax vs. use tax Summary Calculating, collecting, and reporting sales tax and use tax can get complicated as a business grows, and it can be easy to confuse these two types of indirect taxes. What is sales tax?

Compliance 97

Compliance 97

ThomsonReuters

MARCH 12, 2021

We’ve seen the impact the COVID-19 pandemic took on succession planning for accounting firms. For anyone who didn’t exit during the pandemic but were thinking about it before, they’ve had their plans pushed back. Our businesses are quite different than they were before. Firm leaders must take a measurement of their own business.

Accounting Firms 98

Accounting Firms Start-ups Marketability 98

Chris Mercer

MARCH 7, 2024

My current series of blog posts is titled “Mercer’s Musings.” Procedural Guidelines (PG) are designed to provide more detailed guidance for consideration by business appraisers than found in the base standards themselves. Enterprise-level or asset-level tax effects, if relevant. the standard of value).

Dividends 52

Dividends Appraisal Terminal Value Marketability 52

ThomsonReuters

FEBRUARY 15, 2023

property taxes, which help fund roads, schools, emergency medical services, and other services, are a vital source of revenue for state and local governments. Property tax rates vary greatly among states and localities and can have a major impact  on business investments and where people decide to live.

Appraisal 52

Appraisal Intangible Assets Equity Technology 52

Sun Acquisitions

JUNE 22, 2022

Why sell your business? Selling a business is emotionally , psychologically, and financially demanding. But as professionals who broker such deals, here are the top six motivations we see for why people sell their businesses. Business owners generally have a business exit strategy. People can’t work forever.

Technology 52

Technology 52

FE International

MARCH 23, 2022

This article is part of our Valuation by Business Model series, in which we provide you with information on what makes your particular business model unique when it comes to SaaS business valuation. For more in-depth reading on valuation, see our post How to Value a Website or Internet Business. How To Value a Business.

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

ThomsonReuters

DECEMBER 7, 2022

Fiduciary tax comes with unique challenge s. As we know, governments collect taxes to fuel economic growth and fund investments in infrastructure, human capital, as well as the provision of services for individuals and businesses. What is fiduciary tax? The beneficiary pays tax on the assets they receive.

Compliance 59

Compliance Dividends Banking Appraisal 59

Value Scope

JANUARY 13, 2021

Oil and gas production is a supply chain that ends up in a place where the commodity is changed into something that is useful, like fuel, rubber, or natural gas that is dry and safe to burn in a power plant. Higher prices tend to mean that royalty owners are happy, and often do not scrub their royalty statements carefully.

Fair Market Value 130

Fair Market Value Discounted Cash Flow Treasury Marketability 130

FE International

APRIL 20, 2022

2021 was a year where the world adjusted to the new normal of the COVID-19 pandemic. There are still several places on lockdown, and much of the world faces restrictions, forcing both businesses and consumers to adjust accordingly. Business owners have always had to be conscious of both macro- and micro-economic factors when planning.

Private Equity Firm 98

Private Equity Firm Equity Start-ups Business Valuation 98

ThomsonReuters

APRIL 18, 2023

Cash flow is the lifeline for all businesses and, not surprisingly, is a top concern for many business owners. They rely heavily on cash flow statements and the expertise of their accountant to make informed strategic business decisions. Therefore, cash flow statements must be accurate. billion in cash and equivalents.

Finance 59

Finance Start-ups Dividends Equity 59

ThomsonReuters

AUGUST 5, 2021

The Employee Retention Credit is a refundable tax?credit credit against certain employment taxes of the qualified wages an eligible employer pays to employees?after The American Rescue Plan Act (ARPA) extends the ERC from June 30, 2021,? reduces the required year-over-year gross receipts decline from 50% to 20%; .

Treasury 52

Treasury 52

ThomsonReuters

SEPTEMBER 1, 2022

Imagine this: An advisory-focused conference built by advisory experts that helps tax and accounting practitioners capitalize on the success of their business. And the topics of conversations were wide-ranging and meaningful to today’s tax and accounting firms. “ Connecting beginners and old pros. Sparking meaningful discussion.

Accounting Firms 52

Accounting Firms 52

Value Scope

JANUARY 13, 2021

Oil and gas production is a supply chain that ends up in a place where the commodity is changed into something that is useful, like fuel, rubber, or natural gas that is dry and safe to burn in a power plant. Higher prices tend to mean that royalty owners are happy, and often do not scrub their royalty statements carefully.

Fair Market Value 100

Fair Market Value Discounted Cash Flow Treasury Marketability 100

FE International

APRIL 13, 2022

2021 was a year where the world adjusted to the new normal of the COVID-19 pandemic. There are still several places on lockdown, and much of the world faces restrictions, forcing both businesses and consumers to adjust accordingly. Business owners have always had to be conscious of both macro- and micro-economic factors when planning.

Private Equity Firm 52

Private Equity Firm Equity B2C Start-ups 52

ThomsonReuters

APRIL 6, 2023

Together, they comprise the very basics of business and can be used to gauge financial health. When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. Accounts receivable is the other end of the accounting spectrum. One represents expenditures; the other represents revenues.

B2B 52

B2B Technology Finance 52

Sun Acquisitions

DECEMBER 29, 2021

What are some of the best practices to adopt when conducting due diligence during a business acquisition? In order to be successful with your due diligence efforts, there is a need for a strategic plan of action and a team of experienced professionals. Are there things that concern you about the target business?

Start-ups 52

Start-ups Marketability Technology Banking 52

ThomsonReuters

JANUARY 9, 2024

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? But what does that mean for your taxes? How are C corporations taxed? What is “double taxation”?

Dividends 52

Dividends Start-ups 52

ThomsonReuters

JUNE 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you know that differentiating yourself from the competition is always top of mind. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust. What are advisory services?

Accounting Firms 93

Accounting Firms Compliance Technology Marketability 93

ThomsonReuters

FEBRUARY 10, 2021

The Consolidated Appropriations Act, 2021 (CAA; PL 116-260), contained numerous tax provisions. While many of those provisions impact tax years 2021 and later, some affect 2020 returns. Here’s a rundown of what you need to know about the CAA as you prepare 2020 business and individual tax returns.

Start-ups 98

Start-ups Banking 98

FE International

APRIL 27, 2022

After another year, where the world has adjusted to the new normal of the COVID-19 pandemic, the content and affiliate marketing space is flourishing. There are several places still on lockdown and much of the world has restrictions that have forced both businesses and consumers to adjust accordingly. Key Statistics. Available Capital.

B2B 52

B2B Marketability Private Equity Firm Start-ups 52

Audit Board

JUNE 8, 2023

During a compliance audit, businesses should expect to go through interviews about internal controls. For instance, when the company is reporting on how much cash they have on the balance sheet, it is a result of multiple transactions that touch every part of the business. Performed by an independent or third-party auditor.

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

ThomsonReuters

APRIL 6, 2023

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. Often, accounts payable is abbreviated as “AP” or “A/P”.

Banking 52

Banking Technology Start-ups Accounting Firms 52

ThomsonReuters

DECEMBER 15, 2022

In a recent Pulse of the Practice episode , Mo Arbas , a consultant for Thomson Reuters Tax and Accounting, and Paul Miller, founder and owner of Business By Design in Minneapolis, Minn., Among the provisions getting the most attention is the roughly $79 billion in additional funding it provides the IRS over 10 years.

Start-ups 59

Start-ups Technology 59

ThomsonReuters

APRIL 15, 2022

Focusing on a specific niche rather than trying to accommodate the needs of every business could help your accounting firm better serve its clients. In this episode of Pulse of the Practice , Paul Miller, Owner of Business By Design , and I are joined by Rachel Clark, Client Director at All About Accounting. Finding your niche.

Marketability 98

Marketability Accounting Firms Start-ups 98

FE International

JANUARY 3, 2021

Whether you’re selling a Shopify business or any other kind of e-commerce store, this article will teach you how to obtain an accurate business valuation and how to complete an e-commerce business sale. So, how have we ended up here? How to Value an e-Commerce Business. Age of Business. Introduction.

EBITDA 59

EBITDA Start-ups Finance eCommerce 59

Value Scope

SEPTEMBER 24, 2020

It started sometime last year, during the fourth quarter. The morning business show Squawk Box began to mention “ESG” on a daily basis. At the time, more than $17 billion had been invested into sustainable-focused exchange-traded funds (ETFs) and open-end funds during 2019. Click to Download: ESG A Valuation Framework.

Intangible Assets 130

Intangible Assets Alpha Beta Marketability 130

ThomsonReuters

FEBRUARY 22, 2021

It also has to do with a wide variety of topics such as reporting and paying taxes and keeping in compliance with laws. It’s typically a business’s biggest expanse and keeping up with the many rules and changes is paramount to a business’s success. trillion COVID-19 relief plan. Payroll in a Pandemic.

Start-ups 95

Start-ups Compliance Banking 95