Small Business

Connected back office applications simplify running a business

Last year, it was the fiscal cliff that delayed the start of tax season- this coming year, blame it on the partial government shutdown.

TaxJar released its automated local sales tax reporting tool, TaxJar Pro, designed specifically for accountants who serve e-commerce clients with accounts on Amazon, Shopify, eBay, Etsy and PayPal.

Preparing for tax season is something individuals need to think about more than just once a year, especially since it seems that every year brings with it new changes related to W-2 and 1099 forms and reporting requirements. For Tax Year 2013, which most Americans will file by April 15, 2014, there are several important changes this year in the wake of the new Affordable Care Act, making it imperative for businesses to understand the changing W-2 and 1099 reporting environment.

With the end of the government shutdown, farmers and advocates for those who rely on federal food assistance programs are pushing for a new farm bill to win approval from Congress. The day after the government reopened this week, President Barack Obama called a new farm bill his third legislative priority, after a budget deal and immigration reform.

Businesses often want to see how their company’s financial performance stacks up against the competition, but it’s difficult for accountants to find quality data on comparable, private companies.

The American Institute of CPAs is urging Congress to consolidate and simplify the types of tax-favored retirement plans now available to small business owners.

Over the past few years, there has been a boom in the number of accountants who are offering payroll processing directly to their clients, rather than outsourcing to external providers.