Latest Articles

June 21, 2022 

After handing out hefty salary increases over the past year, companies are now becoming more cautious with their cash over concern further big payouts will eat into profits, according to staffing companies, business owners and recent surveys.

Payroll June 21, 2022 

U.S. companies in May added the fewest jobs since the pandemic recovery began, a private report showed, suggesting employers struggled to recruit and retain workers in the month despite a near-record level of job openings.

Taxes June 21, 2022 

The CP14, which is required by law to be issued within 60 days after the IRS assesses a tax liability, is the most common IRS notice sent to taxpayers, according to the Taxpayer Advocate Service, and requests payment within 21 days. The reason why taxpayers have a balance due can be related to a number…

Jason Bramwell

June 21, 2022 

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

Taxes June 21, 2022 

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

June 21, 2022 

Thaw has been an active and involved member of GSCPA for 41 years. She previously has served as President of the Educational Foundation, terms as a statewide director and treasurer on the GSCPA Board of Directors, and has volunteered her time on ...

Auditing June 21, 2022 

Environmental, social and governance (ESG) initiatives are some of the most important topics discussed in boardrooms today. However, when ESG programs are not implemented correctly, organizations can quickly find themselves enmeshed in a maelstrom of missteps and negative headlines.

Isaac M. O'Bannon

Sales Tax June 21, 2022 

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

Sales Tax June 21, 2022 

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

Taxes June 21, 2022 

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

Firm Management June 21, 2022 

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

June 21, 2022 

The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is proud to announce its second class of Strategy Academy graduates. Launched in 2021, ICPAS’ invitation-only Strategy Academy aims to develop the strategic thinking ...