RogerRossmeisl
JUNE 25, 2021
The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be established for the benefit of an “eligible individual” who is covered under a “high deductible health plan.
xendoo
JUNE 23, 2021
Editor’s Note: This post was originally published in November 2016 and has been revamped and updated for accuracy and comprehensiveness. . As a self-employed realtor, you face some unique challenges when tax season comes knocking at your door. Since you don’t have taxes withheld from a regular paycheck, it’s up to you to lessen your tax burden by identifying all of the deductible expenses you incur throughout the year.
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TaxConnex
JUNE 22, 2021
June 21 marked three years since the landmark decision in the South Dakota v. Wayfair case. The years since June 2018 have been unlike anything in the history of sales tax. The U.S. Supreme Court Wayfair decision three years ago empowered tax jurisdictions with the sudden authority to require thousands of companies to collect and remit sales tax. That requirement also landed just as e-commerce began to explode as a venue for more companies to sell more goods and services to more customers.
BurklandAssociates
JUNE 23, 2021
Some startups have been blindsided by the ramifications of letting teams work from anywhere and everywhere. Here's what you need to know. The post Legal, Tax & Culture Implications of Remote Work at Startups appeared first on Burkland.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
RogerRossmeisl
JUNE 21, 2021
(This is Blog Post #1037). The post Employee Retention Tax Credit Quick Facts appeared first on Roger Rossmeisl, CPA.
PANALITIX
JUNE 20, 2021
RESOURCES / ARTICLES. Best Practices for . (Annual) Strategy Meetings. Partners, owners and/or managers of accounting businesses need to work on business strategy from time to time. These sessions can be hugely productive or… frankly… a waste of time. In this article we look at some best practices in strategy meetings which will help you get the best outcomes.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Patriot Software
JUNE 22, 2021
If you have hourly employees, you likely have them track their hours. But, what happens if they only work a fraction of an hour? How do you know how much to pay them? If you want to pay hourly employees for partial hours worked, you need to learn how to convert minutes for payroll. Read […] READ MORE.
RogerRossmeisl
JUNE 24, 2021
(This is Blog Post #1039). The post Imagine What the “Tax Gap” Could Fund appeared first on Roger Rossmeisl, CPA.
xendoo
JUNE 25, 2021
Editor’s Note: This post was originally published in November 2019 and has been revamped and updated for accuracy and comprehensiveness. . As the owner of a new real estate business, you’re probably aware of the unique characteristics of your industry. You take a personal interest in the real estate market, and you are excited to do great work for your clients, whether buying or selling pieces of property. .
Withum
JUNE 22, 2021
It should mean nothing. Last week the Fed’s comments about inflation caused the stock market to drop. However, yesterday the market seems to have recovered somewhat.
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
JUNE 22, 2021
If you’re self-employed, you need to have a game plan when it comes to payroll. Self-employed individuals are responsible for withholding and remitting different taxes than other workers. If you want to ensure you’re compliant, learn more about self-employed payroll. Read on to discover the ins and outs of self-employed payroll, including how to calculate […] READ MORE.
RogerRossmeisl
JUNE 25, 2021
To generate revenue and foster customer loyalty, many businesses, including retailers, airlines and credit card companies, create loyalty and reward programs. Such programs can help companies attract and retain customers, but they may also be subject to fraud and abuse. ATO risk Loyalty programs are particularly vulnerable to account takeovers (ATOs).
GrowthForceBlog
JUNE 21, 2021
7 min read. If the past year revealed anything, it's humanity's incredible resilience. The ability to come together. even when we can't physically be together, as well as our ingenuity.
ThomsonReuters
JUNE 24, 2021
QUESTION: We require employees to submit proof of a COVID-19 vaccination before returning to work in our office. May our Human Resources Department confirm employees’ eligibility to return by checking COVID-19 vaccination claims submitted to our group health plan? ANSWER: The group health plan’s records generally should not be used to verify employees’ vaccination status for any employment-related purpose.
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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.
Patriot Software
JUNE 21, 2021
Providing health insurance benefits to your employees can leave you with a lot of questions. If you have your employees contribute to their premiums, you have to know how to deduct the cost from their gross pay. But, are payroll deductions for health insurance pre-tax? Read on to learn the answer to this question and […] READ MORE.
RogerRossmeisl
JUNE 24, 2021
Even after your 2020 tax return has been successfully transmitted to the IRS, you may still have questions after filing your return. Here are brief answers to three questions that we’re frequently asked at this time of year. Are you wondering when you will receive your refund? The IRS has an online tool that can tell you the status of your refund. Go to irs.gov and click on “Get Your Refund Status.
Withum
JUNE 24, 2021
“Broad-based stock market portfolio” is a widely used term, but just what does it mean? It is easy to say, but hard to define and even harder to construct a portfolio representative of the broad-based market.
ThomsonReuters
JUNE 22, 2021
If the pandemic has taught us anything, it’s that changing people’s minds and behavior is difficult. No one enjoys being told what to do or feeling powerless. How then can IT leaders in large tax and accounting firms best make their case for new technology? “Getting people to change is a huge hurdle with firms. For most people in accounting firms, driving change, and leading people through change is not a natural skill set for them.
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?
AccountingDepartment
JUNE 25, 2021
Most people understand that financial controllers play important roles in businesses and organizations of all different types. However, the average person does not have a comprehensive understanding of what financial controllers do and why they are essential to a company’s success. If you own or manage a growing business and do not have a financial controller, you should seriously consider adding one.
RogerRossmeisl
JUNE 22, 2021
Although auto sales plunged at the start of the COVID-19 pandemic, they’ve since rebounded. In fact, some dealerships are reporting record sales in 2021. Problems remain — including supply bottlenecks. Also, your dealership may be more vulnerable to fraud. Factors such as employees working from home, new vendors and even booming sales, can put your business at risk.
xendoo
JUNE 24, 2021
Editor’s Note: This post was originally published in September 2019 and has been revamped and updated for accuracy and comprehensiveness. . As a busy restaurateur, it’s easy to push restaurant bookkeeping tasks to the bottom of your priority list. After all, you have better things to do – right? Not so fast. Restaurant bookkeeping is an essential function for businesses large and small, as accurate, reliable numbers are essential for sound decision making.
ThomsonReuters
JUNE 22, 2021
As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax.
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!
GrowthForceBlog
JUNE 25, 2021
6 min read. Let’s face it- no matter how great your business model is, or how profitable you are, you can’t survive without a healthy cash flow.
inDinero Accounting
JUNE 24, 2021
At inDinero, we believe accounting supports business. We partner with our clients, and good partnerships require excellent communication. If a business owner doesn’t understand an accounting term , we don’t use another accounting term to explain it. We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak.
FraudFiles
JUNE 24, 2021
Everywhere you go, people are talking about cryptocurrency as an investment. From Bitcoin to Etherium to Dogecoin, there are a whole bunch of different cryptocurrencies that consumers can invest in. More people are starting to use cryptocurrency to pay for things and it is also gaining wider acceptance as an investment (albeit a very volatile one that isn’t for the faint of heart).
RitaKeller
JUNE 22, 2021
“The difficulty lies not so much in developing new ideas as in escaping from old ones.” – John Maynard Keynes. Summer is here and you have a mix of priorities on your work and life calendars. Usually, firms are doing performance feedback sessions and assessing what needs to be improved before the next busy season. You are also, personally, planning some stress-relieving vacation time.
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.
GrowthForceBlog
JUNE 23, 2021
7 min read. “ The pandemic wasn't the cause of a lot of the issues that business owners are seeing. The pandemic essentially was a multiplier of a lot of the internal issues that businesses were already dealing with.” - Brett Dearing.
Steve Feinberg
JUNE 25, 2021
What everyone should know. The American Rescue plan signed in March, 2021 requires the IRS to pay out ½ of enhanced Child Tax Credits (CTC) to eligible taxpayers beginning this month. A tall order, and one filled with land mines. If you have children or know of anyone who has children, here is how you can help: What’s happening now. IRS web-sites. The IRS is establishing two web sites.
LyfeAccounting
JUNE 25, 2021
US taxpayers pay over $1 trillion in state income taxes every year. But what if you could pay $0 in state taxes? It turns out that you can. You can pay absolutely nothing in state taxes, just by packing up your bags and moving to a tax-free state. And according to UHaul statistics, a lot of people are. If you read until the end of this post, you’ll find out the top tax-free states and the lowest overall tax rates in the country.
AccountingDepartment
JUNE 24, 2021
The treasurer of a non-profit reports the organization's finances and handles the management of the organization's finances. The organization's bylaws outline the duties of its treasurer. Financial management is an important duty of the treasurer's responsibility. How they handle everything directly affects the public image. And it should be an image of trust and confidence in the organization.
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