Has the current work-from-home environment created nexus for your business in different states? Historically, when employees work in a state in which their employer does not otherwise operate, the employer may then have sufficient tax presence in the state to be subject to its tax code.
Sheltering-in-place is forcing this situation for some businesses. Along state borders, employees may work in one state but live in a nearby different state. Those employees may now be working from home in a different state than the business generally operates.
As much of the country’s workforce follows quarantine protocol, states have begun to release specific guidelines for businesses with employees temporarily working from home to not impose a tax presence in that different state. Check with your tax professional for more details to determine the proper reporting requirements for your business.
$2 Tip Check fraud is a very real threat that can cripple a small business. 70% of organizations experienced check fraud last year. We've helped victims of it strengthen their security protocols. Common check fraud techniques include photocopying valid checks to deposit multiple times, creating fraudulent checks with stolen bank account information, and soaking stolen checks in chemical washes to…
QuickBooks Connect 2019 Intuit's sixth annual QuickBooks Connect conference was a tangible example of delivering on their bold mission to Power Prosperity. It brought together thousands of business owners, accountants, and solution providers for three days under one roof. The main stage provided innovation from business leaders like Jennifer Hyman, founder of Rent the Runway, inspiration from actor-turned-venture-capitalist Ashton Kutcher,…
The case for going paperless Paper documents are vulnerable. Paper is fragile and subject to damage through fire and flooding, and physical documents are easily stolen. Digital documents stored in the cloud, on the other hand, are secure and can be backed up to multiple different locations automatically. Paper documents also cost too much in labor -- filing, searching for…
Brushing Up On Your Business: 5 Ways To Get Back To Your Patients Are you tired of facing an endless array of choices and making decisions without having all the proper business information? As a business owner, are you stressed out and is this “doing it all yourself” getting old? Are you frustrated because you would like to be able…
Which QuickBooks is right for you? Intuit's mission is to "simplify the business of life". They do that by creating innovative accounting and tax solutions. The most well-known is QuickBooks, but there are actually many versions and offerings with slight variations. As cloud accounting experts, we thought we'd summarize the web-based solutions to help you determine which QuickBooks is right for you.…
The end of the year is approaching and businesses are wrapping up and preparing for next year. Closing out the books can be quite a scramble. Don’t start the new year off behind the ball. Here are the top 9 accounting highlights to consider going into 2021: Higher 401(k) contribution limits. If you’re looking to do some tax planning to…
