TaxConnex
JULY 8, 2021
Many states use sales tax holidays to waive or reduce sales tax on various items. These holidays can be annual or even two or more times a year. Online purchases usually receive the same tax treatment during these holidays as in-person purchases; remote sellers aren’t permitted to charge tax on qualifying goods during sales tax holidays, but how do you know where this is happening and when or when not to charge sales tax?
PANALITIX
JULY 7, 2021
RESOURCES / ARTICLES. Delighting Clients. through Better Processes. Does your entire team care deeply about the wellbeing of all your clients, all the time? Are they always curious about clients, proactively looking for ways to help? If you can confidently answer ‘yes’ to these questions, you are in very fortunate (and rare) position. You probably have very high levels of client satisfaction, retention, up-selling and referrals.
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BurklandAssociates
JULY 6, 2021
Story name: Cities where small businesses have been impacted most by COVID-19 Story link: [link] Written by: Ellen Wulfhorst Ylenia Cancelli // Shutterstock Cities where small businesses have been impacted Read More. The post Cities Where Small Businesses Have Been Impacted Most by COVID-19 appeared first on Burkland.
Speaker: Danny Gassaway and Wayne Richards
Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.
TaxConnex
JULY 6, 2021
Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. T he Show Me State follows on the heels of Florida , where economic nexus kicked in as of July 1 for remote sellers and marketplace facilitators. Missouri Gov. Mike Parson has signed SB153 (combined with SB97) into law, allowing Missouri and local jurisdictions to collect use tax and, proponents say, help protect local brick-and-mortar businesses.?.
ThomsonReuters
JULY 8, 2021
QUESTION: I understand that to be eligible for the ARPA COBRA premium subsidy, an employee must have lost group health plan coverage due to an involuntary termination of employment or a reduction of hours. For this purpose, when is a termination of employment considered involuntary? ANSWER: The 100% COBRA premium subsidy created by the American Rescue Plan Act of 2021 (ARPA) (see our Checkpoint article ) is available when certain employees (and their families) lose health coverage due to the
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CTP
JULY 6, 2021
Taxpayers who have children in their care should be aware that the Child Tax Credit has been changed for one year, effective for 2021. Here’s a review of the changes to the previous Child Tax Credit laws: Prior to 2021 In 2021 Children under age 17 at the end of the tax year are eligible […]. The post Understanding the 2021 Changes to the Child Tax Credit appeared first on certifiedtaxcoach.
ThomsonReuters
JULY 8, 2021
Multinational enterprises (MNEs) began using centralized shared services centers three decades ago to standardize and improve efficiency in back-office functions such as finance & accounting, human resources, and IT. Today, finance is the corporate function most commonly managed this way — but longstanding obstacles have prevented the model from being extended to statutory reporting and tax compliance.
AccountingDepartment
JULY 9, 2021
Company culture is something that is claimed by many, but at the end of the day, how many companies actually have a solid and healthy company culture? The culture of a company is what separates a good and great company. Truly happy employees are what keep a company going and it certainly shows in some situations.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
GrowthForceBlog
JULY 8, 2021
5 min read. Do You Have ‘Staff’ or a ‘Team’?
ThomsonReuters
JULY 8, 2021
Interim Final Rule With Comment Period: Requirements Related to Surprise Billing; Part I, 5 CFR Part 890, 26 CFR Part 54, 29 CFR Part 2590, 45 CFR Parts 144, 147, 149, and 156, 86 Fed Reg __ (July 13, 2021); DOL Model Notice: Your Rights and Protections Against Surprise Billing; CMS Fact Sheet: Requirements Related to Surprise Billing: Part I Interim Final Rule With Comment Period (July 1, 2021).
AccountingDepartment
JULY 6, 2021
Working from home is one of the best things that can happen to some until they get to experience some of the more difficult aspects of the work-from-home lifestyle. Over the last year and a half, more people than ever are working from home and companies have had to make this adjustment, whether they wanted to or not. Nowadays, many companies made the switch to staying remote and employees are having to adjust on their own to this new style of work.
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
Withum
JULY 6, 2021
July 1st was the 33rd anniversary of my partnership with Peter Weitsen. We became partners in MendlowitzWeitsen, LLP on July 1, 1988 and merged into Withum on January 1, 2005. We were partners 16 ½ years before Withum and then 16 ½ years at Withum. A 33 year partnership and still counting. It has been a joy.
GrowthForceBlog
JULY 9, 2021
6 min read. If you‘re getting accurate and reliable financial reports , you’re off to a great start! The question is, do you know what to do with the information?
inDinero Accounting
JULY 8, 2021
It’s time to grow, hire employees, rent a larger space, or purchase a company car. You may have started your business with friends and family funds, but now, it’s time to take out a loan with good terms. Any business loan or line of credit from a bank—brick-and-mortar or online—will carry more favorable terms if you have a decent business credit scor e.
ThomsonReuters
JULY 7, 2021
Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. However, it was the 16 th Amendment to the U.S. Constitution in 1913 that permanently legalized a federal income tax. Then, in 1935, the Social Security Act was signed into law, which resulted in a tax on both the employer and employee (6.2% each).
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
RitaKeller
JULY 7, 2021
“You give loyalty, you’ll get it back. You give love, you’ll get it back.” – Tommy Lasorda. Now, more than ever, it is so important to engage your team members. As you all know, finding, hiring, and retaining people has become even more of a concern for public accounting firms. Some firms are holding their partners accountable for engaging and retaining valued team members.
Ronika Khanna CPA,CA
JULY 9, 2021
The past few years, and especially the last year has changed the way many business owners and employees work. There has been a mass adoption of virtual workspaces where people are no longer tethered to their offices. Instead the technology to make working from anywhere has increased and improved significantly and is accessible by anyone who has a working internet connection.
LyfeAccounting
JULY 9, 2021
Foreign earned income exclusions, so it’s time that we write a post talking specifically to the people who are U.S. citizens but have decided to take a job in a foreign country. Because let’s face it, when you decide to take a job opportunity in another country, that job usually pays you a lot of money to do it. And of course, the more money you make, the more you are usually taxed, right?
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
RitaKeller
JULY 4, 2021
“You have to love a nation that celebrates its independence every July 4, not with a parade of guns, tanks, and soldiers who file by the White House in a show of strength and muscle, but with family picnics where kids throw Frisbees, the potato salad gets iffy, and the flies die from happiness. You may think you have overeaten, but it is patriotism.” – Erma Bombeck.
SkagitCountyTaxServices
JULY 8, 2021
With our nation celebrating its 245th birthday on Sunday, and all of this talk about “independence” flying around, I have a question for you — one that I think you should think hard about: Are you achieving the independence you wanted in your business? As you know, it’s hard — and it’s LONELY — to be a Skagit County business owner in this environment.
LyfeAccounting
JULY 8, 2021
How to start a business without money? Let us start out by being completely real with you. Building a new business is hard and building a business without money is even harder. But it’s definitely possible. In fact, when we started our first business, the only money one of our founders had was a $250 deposit into a business checking account. And to be honest, he said he never even planned to use that money.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
ThomsonReuters
JULY 8, 2021
Rapid regulatory change, evolving customer needs, and tight competition for talent is forcing tax and accounting firms to rethink their technology and software tools. . Is your tax and accounting firm keeping up with the rapid pace of change or falling behind? . 90% of accountants now feel there is a cultural shift in accountancy leaning toward technological adoption. .
Generate Accounting
JULY 6, 2021
When you purchase a business, thought needs to be given to how you will value assets like stock, property and financial arrangements. Inland Revenue has brought in Purchase Price Allocation Rules to standardise the process. The rules apply from 1 July 2021 and will ensure that both the purchaser and the vendor account for valuations on the same basis.
LyfeAccounting
JULY 7, 2021
So unless you’re living under a rock, you probably know that the housing market is booming! According to CNBC, the rate at which homes are selling hasn’t been seen since 2005. And according to the Wall Street Journal, housing prices are at all-time highs! This is obviously great news for homeowners, and not so great for people who are looking to buy a home.
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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
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