(卡塔尔世界杯常规比赛时间 research)<\/em><\/figcaption><\/figure>\nsample comments from accountants reporting a \u201cworse\u201d year:<\/strong><\/p>\n\n\u201c<\/em>irs delays in sending client refunds. clients call me to find out where is their stimulus money, etc.<\/em>\u201d<\/em><\/li>\n\u201c<\/em>software update delays, with the 03-11 changes.\u201d<\/em><\/li>\n\u201call the tax law changes and software updates. plus, state non-conformity.”<\/em><\/li>\n<\/ul>\nsample comments from accountants reporting a “better year:<\/strong><\/p>\n\n\u201c<\/em>we actually made some process changes…and they worked.<\/em>\u201d<\/em><\/li>\n\u201c<\/em>my business was already set up to operate virtually. covid just pushed customers who would have normally been hesitant to operate remotely with an open mind.<\/em>\u201d<\/em><\/li>\n\u201c<\/em>clients are now used to sending info either electronically or u.s. mail which tremendously cuts down on time wasted.\u201d<\/em><\/li>\n<\/ul>\nout of lockdown<\/strong><\/p>\nas the u.s. economy starts to lurch out of lockdown, tax and accounting practitioners serving small businesses \u2013 the bulk of them local, independently owned-and-operated, \u201cmain street-type\u201d operations \u2013 appear decidedly downcast about the future.<\/p>\n
the accountants confidence report<\/span><\/strong><\/h3>\naccountants outlook:<\/strong> 56% of accountants are bullish on their own prospects in the next 12 to 18 months. and they’re most bearish on small business, with 56 percent forecasting worse or no change from today’s crisis conditions. (卡塔尔世界杯常规比赛时间 research)<\/em><\/figcaption><\/figure>\n <\/p>\n
the small business category draws the most pessimism from accountants, compared to the u.s. economy in general, their own clients, their firm, and themselves and their families,<\/p>\n
but the small business lessons learned under historically difficult conditions could provide the keys to the future. accountants indicate the small business shift to online technologies and e-commerce services have proved their value and will no doubt proliferate.<\/p>\nthe small business recovery<\/strong> depends on keeping up with technology, learning to be \u201csuper-scrappy,\u201d and pivoting to all-digital. (卡塔尔世界杯常规比赛时间 research)<\/em><\/figcaption><\/figure>\nin a field of choices, accountants selected:<\/p>\n
(1) \u201ckeeping up with changes in online technologies,\u201d<\/p>\n
(2) \u201clearning to be flexible, innovative and super-scrappy,\u201d and<\/p>\n
(3) \u201cpivoting from brick-and-mortar to doing business online and virtual\u201d<\/p>\n
…as the top three make-or-break trends for small business survival over the next 12 to 18 months.<\/p>\n
sample accountants comments on best advice for small business:<\/strong><\/p>\n\n\u201cbe flexible.\u201d<\/em><\/li>\n\u201cwatch your cash flow and be creative!\u201d<\/em><\/li>\n\u201cadapt your business to the technological advances that came about during the pandemic (social media, online ordering, etc.). focus on your core business and keep pace with your competition.\u201d<\/em><\/li>\n\u201cstay in the know! things may seem like they are getting back to normal, but we all know they will never be the same.\u00a0 stay abreast of changes in your industry and make management changes in your business to use the current environment to build your strengths.\u201d<\/em><\/li>\n<\/ul>\naccounting firms<\/strong> go virtual, race to follow new government measures, and search for next-gen technologies. (卡塔尔世界杯常规比赛时间 research)<\/em><\/figcaption><\/figure>\nand accountants are taking their own medicine by:<\/p>\n
(1) going virtual with their workflows,<\/p>\n
(2) learning to be more innovative and adaptable in the face of fast-changing government tax and recovery measures, and<\/p>\n
(3) adopting cloud-based software solutions.<\/p>\n
sample accountants comments on best advice for other firms:<\/strong><\/p>\n\n\u201cstay client-focused and be flexible.\u201d<\/em><\/li>\n\u201cbe innovative, watch cash flow, and find out what your client\u2019s needs are, as well as employee needs.\u201d<\/em><\/li>\n\u201ckeep up with technology.\u201d<\/em><\/li>\n\u201cbe adaptive as the profession is changing. use technology to your advantage.\u00a0 think out of the box.\u201d<\/em><\/li>\n\u201cif you don\u2019t understand your clients\u2019 businesses completely, you cannot add real value to their operations.\u201d<\/em><\/li>\n<\/ul>\nwayfair compliance and service levels<\/strong><\/p>\nwith the pivot to e-commerce, many small businesses will need to confront the harsh reality of modern interstate commerce. new \u201cwayfair\u201d state and local tax regimes loom large in complexity and liability.<\/p>\n
most accountants agree: the vast majority of small businesses are woefully unprepared for \u201cwayfair\u201d and may have some degree of exposure.<\/p>\n
sample accountants comments:<\/strong><\/p>\n\n\u201ci think it\u2019s created confusion (and maybe still does). hopefully, technology will be able to provide tools to assist with compliance.\u201d<\/em><\/li>\n\u201cmost that i\u2019ve talked to find the collection and filing processes most annoying.\u201d<\/em><\/li>\n\u201cmore costs to comply; lack of complying could bankrupt a company.\u201d<\/em><\/li>\n\u201c<\/em>surprise audits for those that are not compliant.<\/em>\u201d<\/em><\/li>\n\u201cpotentially large administrative burden for small businesses to comply with reporting\u201d<\/em><\/li>\n<\/ul>\nand yet, very few firms are handling their client sales tax exposures.<\/p>\nfalling short:<\/strong> 71% of accounting firms offer only partial or no services for handling interstate tax issues. another 12%, not shown, mostly have few if any clients with interstate sales tax compliance needs. (卡塔尔世界杯常规比赛时间 research)<\/em><\/figcaption><\/figure>\n\n\u00a0<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":" <\/a> \nby 卡塔尔世界杯常规比赛时间<\/i> \nthree years after the notorious “wayfair” decision, accountants say a vast number of small businesses face new and burdensome interstate sales tax measures. but only a few accountants appear ready to help, according to new research by 卡塔尔世界杯常规比赛时间.<\/p>\n","protected":false},"author":17,"featured_media":85403,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2779,1905,5,2269,3120,3002,11,1906,2246,2306],"tags":[],"class_list":["post-85327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charts-graphs","category-clients-and-service","category-outlook","category-politics","category-pro-member-exclusive","category-special","category-research","category-tax-practice","category-busy-season","category-tech-and-fintech"],"acf":[],"yoast_head":"\nsalt: the small business disaster waiting to happen - 卡塔尔世界杯常规比赛时间<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n