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Wolters Kluwer experts analyze potential tax implications Today, the US Congress passed its third and by far the largest piece of legislation in response to the Coronavirus COVID-19 pandemic, and the President has signed it into law. The “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) includes relief and economic stimulus for individuals and […].
Syncing online scheduling with video conferencing keeps you in touch with your clients while adhering to Coronavirus safety measures. As the coronavirus precautions and mandates continue, more people are working from home than ever before. Offering an online electronic scheduling tool provides time-saving benefits for both your staff and clients. It not only lets your clients schedule an appointment with you when it’s convenient for them, it saves your employees time scheduling meetings or going
The way we live — the very ways in which we work, and learn, and spend leisure time, and of course, shop — have shifted markedly over the last several weeks. In the maelstrom of daily life grappling with COVID-19, the rollout of 5G , the fifth-generation network that features downloading speeds reportedly 100 times faster than that of 4G, may accelerate even as economic headwinds gather.
Running payroll means staying on top of your employment tax responsibilities. In addition to withholding income and payroll taxes from employee wages, you must contribute employer taxes. Unlike some other taxes, state unemployment taxes do not have a standard rate. Read on to answer, What is my state unemployment tax rate? About state unemployment tax […].
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
How to Contact State Departments of Revenue In an effort to keep tax and accounting professionals abreast of rapidly evolving changes in the tax landscape during the COVID-19 pandemic, we have added a summary of State Departments of Revenue hours and contact methods to the Wolters Kluwer COVID-19 Resources for Tax & Accounting Professionals resource page under Government & […].
With the spread of the Coronavirus around the world and now in our country, companies are being. asked to carry out their business remotely to protect their clients and staff. Continuing to hold in-person. office meetings with your clients is unnecessary and unsafe and can easily be avoided by implementing. video conference platforms such as Zoom, Google Hangouts, and GoToMeeting.
Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. A pilot of the new channel is being introduced in Austria, Belgium, Italy, Portugal and Oman. Users can choose phone calls or video in multiple languages to connect to a money transfer personal service assistant.
Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. A pilot of the new channel is being introduced in Austria, Belgium, Italy, Portugal and Oman. Users can choose phone calls or video in multiple languages to connect to a money transfer personal service assistant.
The terms for banking are rapidly changing and will continue to evolve. Below are the new terms that have been established by lendor. For more up to date information, contact us and we will put a VET CPA in touch with you pronto. Due to the recent development of COVID-19, the terms for loans is rapidly changing: Bank. Terms. Affinity Bank. 1 day turn around on Lines of Credit (if existing customer) and 3 months deferred payments.
A major deal was struck by the White house and Senate leaders on March 25 for a $2 trillion package that will provide relief to the economy in the midst of the coronavirus pandemic. It is the biggest relief package in American history. Senator Mitch McConnell called it as “a wartime level of investment into our nation” as the United States continues to see a rise in the number of coronavirus cases.
A major deal was struck by the White house and Senate leaders on March 25 for a $2 trillion package that will provide relief to the economy in the midst of the coronavirus pandemic. It is the biggest relief package in American history. Senator Mitch McConnell called it as “a wartime level of investment into our nation” as the United States continues to see a rise in the number of coronavirus cases.
A hacking organization tried to breach the World Health Organization (WHO) recently, according to a report by Reuters. WHO Chief Information Security Officer Flavio Aggio said the identity of the hacking group isn’t known, and cyberattacks against the organization have increased exponentially during the coronavirus crisis. The hack was discovered by Alexander Urbelis, a cybersecurity expert and lawyer who looks for suspicious internet activity.
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.
A major deal was struck by the White house and Senate leaders on March 25 for a $2 trillion package that will provide relief to the economy in the midst of the coronavirus pandemic. It is the biggest relief package in American history. Senator Mitch McConnell called it as “a wartime level of investment into our nation” as the United States continues to see a rise in the number of coronavirus cases.
As a result of the current pandemic, most dental specific loan providers have quickly responded. Below are some details that we have recently received from Lendeavor on how they have responded. Current Dental Clients of Lendeavor. Current clients of Lendeavor were all contacted last week directly with the opportunity to accept deferred payments to their current loans to ease the burden to their cash-flow as they navigate this event.
Would you leave a safe and comfortable controller position at a large company to start your own CPA firm? That’s what Luke Gheen, founder of Gheen & Co. in Colorado Springs, did – in his early 30s and without any public accounting experience. In this episode of Accounting Marketing Doesn’t Suck , Hugh Duffy talks with Luke about his decision to strike out on his own, the challenges he faced and how he landed many of his clients because of unsatisfactory service.
Cleanliness is on everyone’s minds these days, particularly as so many of us are working from home, learning from home, or quarantined at home as COVID-19, the disease caused by the coronavirus , continues to wend its way through the U.S. In an interview with Karen Webster, Ron Holt, founder of Two Maids and a Mop , a house cleaning franchise service operating nationwide, said the short-term headwinds of economic and healthcare crises are considerable, but the long-term picture is bright.
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
The VET CPA Association, and it’s Veterinary CPA member firms, have launched a Small Business Loan Assistance service to support the following types of veterinary practices: Veterinary Clinics. Pet Hospitals – Animal Hospitals. Mixed Animal Veterinary Practices. Specialty Veterinary Practices. This emergency loan assistance program is designed to provide veterinary practices with sound financial guidance in this emergency situation navigating federal, state and city specific programs, gran
The Dental Accounting Association, and it’s Dental CPA member firms, have launched a Small Business Loan Assistance service to support the following types of dental practices: General Dentistry. Pediatric Dentistry. Orthodontists. Oral Surgeons. Endodontists. Periodontists. Specialty Dental Practices. This emergency loan assistance program is designed to provide dental practices with sound financial guidance in this emergency situation navigating federal, state and city specific programs,
For individual and business taxpayers facing hardship, back taxes, payment plans, installment agreements, offer in compromise, tax filings, tax levies, garnishments, liens, compliance and other IRS tax matters. IR-2020-59 on 03.25.2020. IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs. Continue reading ›.
To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. With passing of the draft legislation, legal adults would receive $2,000 and $1,000 would be provided for each child, Yahoo! Finance reported. . The bills are called the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act” and the “Take Responsibil
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.
The nation’s hospitals, facing dire shortages of lifesaving ventilators as the coronavirus outbreak continues, are finding help from an unlikely source: animal doctors and veterinarians. The country’s largest veterinary schools, animal hospitals and even zoos are offering up ventilators to hospitals that are scrambling to care for a growing number of critically ill coronavirus patients.
Just before midnight on March 25, the Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The legislation, which would provide $2.2 trillion in economic relief to businesses and individuals affected by the COVID-19 pandemic, is now headed to the House for a vote.
Major tax relief included in COVID-19 stimulus act agreement (03-25-20). The Senate reached agreement on the Corona virus Aid, Relief, and Economic Security (CARES) Act stimulus bill last night, with a vote expected in the Senate today and a House vote today or tomorrow. It’s expected that the President will sign the bill. Key tax provisions include: Tax credit rebates of up to $1,200 per individual and $500 per child that are phased out for taxpayers with AGI over $75,000 ($150,000 MJF an
Walmart is enacting no-touch procedures so that customers can shop more safely during the coronavirus outbreak, according to a report by USA Today. Shoppers who buy items through Walmart Pay won’t have to touch the screen anymore, and instead will be able to scan a QR code and pay from an app on their phone. For pickup, customers can simply open their trunks and an employee will load the groceries in, and they won’t ask for a signature.
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?
President Donald Trump on March 27 signed the $2 trillion bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136). The House approved the historically large emergency relief measure by voice vote just hours before Trump’s signature. The CARES Act cleared the Senate unanimously on March 25. Wolters Kluwer Special Report CARES Act Tax […].
The unprecedented events in response to the COVID-19 pandemic are impacting every business in complex ways. Maintaining adequate cash flow to sustain successful operations is likely to elevate as a significant risk for many companies. However, there are tried-and-true processes that can help identify a potential cash crunch and maximize critical reaction time to avoid or minimize business interruption.
While the coronavirus forces consumers to stay inside, Amazon is joining forces with Lyft to attract drivers for grocery and package deliveries. Lyft has directed its drivers to pursue Amazon positions as warehouse workers, delivery people or grocery shoppers “as a way to earn additional income right now,” Bloomberg reported. The message reportedly came as demand for trips is falling precipitously and drivers are encountering economic hardships.
To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals” with payments. With passing of the draft legislation, legal adults would receive $2,000 and $1,000 would be provided for each child, Yahoo! Finance reported. . The bills are called the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act” and the “Take Responsibil
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!
The stimulus bill designed to combat the economic ravages of COVID-19 is massive. Getting that aid into the hands of affected families — wracked by swelling unemployment numbers, and of course, an ongoing healthcare crisis — will be slow going. If ever there was a time to kill the check, that time would be now. The $2 trillion economic stimulus bill is making its way through Congress, having been approved by the Senate and now up for consideration by the House.
In the midst of the coronavirus pandemic, the Federal Reserve has plans to print new money that will not have come into contact with the virus, although this may not happen immediately, according to a report by CoinDesk. The Fed doesn’t currently think that the virus will be worsened by the transmission and trading-hands of dollars, Joey Lee, spokesperson for the Federal Reserve Bank of Philadelphia, said, pointing to recent Centers for Disease Control and Prevention (CDC) findings.
Indispensable but interchangeable. Such is the problem of modern ISPs – the telcos, cable companies and satellite providers. They provide the fundamental infrastructure that keeps the entire digital ecosystem running, but they are a utility service of sorts, and thus don’t have much to differentiate themselves beyond providing a consistent on-ramp to the digital world –and how much they charge for said access.
In the age of digital commerce, legacy financial institutions (FIs) have ceded ground to tech-savvy upstarts. To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences.
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.
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