BuildYourFirm
FEBRUARY 18, 2021
Why are Google Reviews Important to My Business? Getting Google Reviews from your clients has always been beneficial in boosting your business, but you might be amazed at how big of a role those little yellow stars play in the overall success of your business. Let’s face it, just the sight of five stars builds up all the trust and confidence a potential customer needs to do business with your business.
RogerRossmeisl
FEBRUARY 19, 2021
You may have the best internal controls in the business world, but if your employees don’t follow them, your company is at serious risk for fraud. The same is true if workers aren’t aware of your company’s risks and can’t recognize red flags. The solution? Educate them. Training is critical A forensic accountant can conduct on-site, broad-based training for employees in the form of live or virtual presentations.
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KROST
FEBRUARY 18, 2021
The following article was written by the IRS. View the original source here: [link]. Whether taxpayers regularly use a tax professional to help them file a tax return or they have decided to work with one for the first time, it is important to choose a tax return preparer wisely. Taxpayers are responsible for all the information on their income tax return.
TaxConnex
FEBRUARY 18, 2021
Sales and use tax obligations are determined by your nexus within a state or jurisdiction. Sales and use tax nexus is defined as the connection between a person or entity and a taxing jurisdiction. It is the basis for all your sales tax decisions because without sales tax nexus, you have no further sales tax obligation to a state. Prior to 2018, when the Supreme Court Case South Dakota v.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
BuildYourFirm
FEBRUARY 18, 2021
How important are Google Reviews for Accountants? Google Reviews for accountants are more important than ever. Getting Google Reviews from your clients has always been beneficial in boosting your business, but you might be amazed at how big of a role those little yellow stars play in the overall success of your business. Let’s face it, just the sight of five stars builds up all the trust and confidence a potential customer needs to do business with your business.
RogerRossmeisl
FEBRUARY 16, 2021
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that taking required minimum distributions (RMDs) is mandatory when you reach a certain age — or you’ll be penalized. The CARES Act, which passed last March, allowed people to skip taking these withdrawals in 2020 but now that we’re in 2021, RMDs must be taken again.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PANALITIX
FEBRUARY 15, 2021
RESOURCES / ARTICLES. Using HR Data. to Advise Clients. Accountants are increasingly analyzing clients’ Human Resource (HR) data to provide valuable advice. This is not surprising… given the critical role of employees in any business and management’s desire to improve productivity, motivation and performance. Which HR data can be useful? How can the data form the basis of advice?
BurklandAssociates
FEBRUARY 15, 2021
According to PWC’s Global Economic and Fraud Survey, 47% of companies experienced fraud in the past 24 months, and more than $4.5 trillion are lost to fraud globally each year. Read More. The post Startup Financial Fraud: Tips to Mitigate Your Risk appeared first on Burkland.
RogerRossmeisl
FEBRUARY 13, 2021
The IRS opened the 2020 individual income tax return filing season on February 12. (This is later than in past years because of a new law that was enacted late in December.) Even if you typically don’t file until much closer to the April 15 deadline (or you file for an extension), consider filing earlier this year. Why? You can potentially protect yourself from tax identity theft — and there may be other benefits, too.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Patriot Software
FEBRUARY 17, 2021
As an employer, you have different options to choose from when it comes to paying employees. One option you have is to print payroll checks. Printing checks comes with a few decisions, like purchasing supplies and selecting a check layout. Learn what steps you need to take to get your employees’ wages from computer to […] READ MORE.
ThomsonReuters
FEBRUARY 18, 2021
IRS Publication 503 (Child and Dependent Care Expenses (for 2020 Returns); IRS Form 2441 (Child and Dependent Care Expenses) and Instructions (2020). Publication 503. Form 2441. Instructions. The IRS has released the latest versions of Publication 503 and Form 2441 (and its accompanying instructions) for the 2020 tax year. Publication 503 explains the requirements that taxpayers must meet to claim the dependent care tax credit (DCTC) under Code § 21 for child and dependent care expenses.
RogerRossmeisl
FEBRUARY 15, 2021
Attending college is one of the biggest investments that parents and students ever make. If you or your child (or grandchild) attends (or plans to attend) an institution of higher learning, you may be eligible for tax breaks to help foot the bill. The Consolidated Appropriations Act, which was enacted recently, contains some revised tax benefits for higher education.
Withum
FEBRUARY 19, 2021
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
GrowthForceBlog
FEBRUARY 15, 2021
6 min read. Business owners who view their employees as an expense- rather than an asset- don't realize how much their people drive profit.
ThomsonReuters
FEBRUARY 18, 2021
IRS Publication 15-B (Employer’s Tax Guide to Fringe Benefits (For use in 2021)). Available at [link]. The 2021 version of Publication 15-B reflects changes to a variety of fringe benefit rules, many of which provide COVID-19-related relief. Here are highlights: FSA Relief. The publication reflects relief for health and dependent care FSAs that allows employers increased flexibility for election changes, carryovers, and grace periods (among other things) in 2020 and 2021 (see our Checkpo
RogerRossmeisl
FEBRUARY 18, 2021
Although electric vehicles (or EVs) are a small percentage of the cars on the road today, they’re increasing in popularity all the time. And if you’re buying an electric vehicle, you may be eligible for a federal tax break. The tax code provides a credit to purchasers of qualifying plug-in electric drive motor vehicles including passenger vehicles and light trucks.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
KROST
FEBRUARY 18, 2021
In 2020, the Restaurant Industry was projected to do $899 billion in sales. That expectation has since been adjusted down to $659 billion in sales, a $240 billion hit to the industry as a result of the pandemic. Every operator has felt the effects of the pandemic, and the most motivated, wasted no time pivoting their business model to conform with local guidelines in their areas.
SkagitCountyTaxServices
FEBRUARY 17, 2021
I am simultaneously eager while also being slightly horrified that tax season has officially begun. Horrified, simply because the IRS has been significantly behind the 8-ball this year, and I still can’t believe that we’re already halfway through February 2021. EAGER … well, because there are so many new credits available to Skagit County business owners this year, and I’m pretty thrilled about the opportunity to save YOU some money on your tax obligations.
RogerRossmeisl
FEBRUARY 17, 2021
Many startup companies require access to large sums of investment capital to take on well-established competitors. The need to raise such funding may encourage a startup’s founder to paint an overly optimistic picture of the business and exaggerate its ability to succeed. In some extreme circumstances, founders may resort to deception to convince investors to back their ventures.
Withum
FEBRUARY 16, 2021
This week’s Barron’s cover story is about the “100 Most Sustainable Companies.” Six years ago when I got involved, through the NYS Society of CPAs, with sustainability reporting perhaps 20 of the S&P500 companies were issuing reports on their “Green” activities. Today almost all of them issue such reports. Do a search of any company and use either “Sustainability,” “CSR” or “ESG” and you will be able to access the reports.
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
ThomsonReuters
FEBRUARY 19, 2021
There is almost no aspect of our personal and professional lives that does not rely on cloud computing. In our personal lives, we have at least one streaming service – Netflix, Disney+, Spotify and the list can go on for quite a bit, therefore you are in the cloud. And if you among the rare who doesn’t shell out $10 – $18 monthly for a subscription to one of these businesses, but have photos and music on your phone that can also be accessed from a tablet or laptop, you too are in the cloud
GrowthForceBlog
FEBRUARY 19, 2021
5 min read. When you're running a service-based for-profit business, bookkeeping and accounting likely aren't part of your company's core value propositions. However, that doesn't mean a strong accounting system isn't highly valuable, and necessary to run it well.
FraudFiles
FEBRUARY 17, 2021
Fraud committed by employees can have devastating effects on a business. The company’s finances suffer, employee morale may drop, and the company’s reputation could be affected by negative publicity. Following the investigation of an internal fraud, owners and managers of companies need to rethink how they do business. It is the perfect time to carefully analyze the operations and create procedures and an environment in which ethical behavior thrives.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
ThomsonReuters
FEBRUARY 18, 2021
Carter v. Sw. Airlines Co. Bd. of Tr., 2020 WL 7334504 (M.D. Fla. 2020). A terminated employee brought a proposed class action lawsuit against her former employer’s board of trustees (in its capacity as plan administrator of the employer’s health plan), alleging that it sent her a late COBRA election notice that lacked essential information and confused her.
GrowthForceBlog
FEBRUARY 17, 2021
5 min read. Being a leader in business is challenging enough already, let alone trying to navigate through a crisis. Having to make tough decisions gets even harder when the economy drops into a recession and anxiety sets in. Let’s review the current situation, the biggest mistakes we’ve seen and what to do instead.
KROST
FEBRUARY 17, 2021
Since the CARES Act passed into law in March, there have been new laws, multiple rule publications, and over 50 FAQs released by the SBA in regards to the PPP and EIDL loans. KROST’s subject matter experts have compiled a list of frequently asked questions below: Question: How are full time equivalent employees calculated in the 2nd PPP? If using 2019 numbers, do they put the average number of fte’s from that period?
Withum
FEBRUARY 18, 2021
Each Dow Jones Average Index has divisors which is a number that converts the changes in the prices of the stocks into Index points. A dollar change does not translate into a point change in the index.
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