TaxConnex

JANUARY 19, 2021

Picking the right provider to handle your business’s sales and use tax compliance is a big decision. Dissatisfaction the norm? Many businesses are already working with an outsourced sales tax provider but are not completely satisfied. If you feel you could do better with a new sales tax compliance provider, you’re not alone. Almost three-quarters of financial leaders (71%) are unhappy with the way they manage sales tax, according to a recent survey commissioned by TaxConnex regarding concerns re

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BurklandAssociates

JANUARY 18, 2021

In this article, Burkland’s Head of Tax Services, Ardy Esmaeili, and Trang Mai outline three important tax implications created by remote workers. COVID-19 has opened up the world of remote Read More. The post Tax Implications Created by Remote Workers appeared first on Burkland.

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CapataCPA

JANUARY 20, 2021

Employee Retention Credit The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was an economic stimulus bill that was signed into law on March 27, 2020. One of the provisions of the CARES Act was the Employee Retention Credit, which provides payroll tax credits available for employers, including tax exempt organizations who retained employees during.

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RogerRossmeisl

JANUARY 18, 2021

Here are some of the key Q1 2021 tax deadlines affecting businesses and other employers. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. In addition to the Q1 2021 tax deadlines, contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January 15 Pay the final installment of 2020 estimated tax.

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Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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TaxConnex

JANUARY 21, 2021

If your online company looks to expand its interstate sales in 2021, know one thing: Your plan involves risks and new responsibilities. The key is learning how to manage both, as sales tax non-compliance or errors can bring stiff penalties. You’re not alone. Almost two out of three businesses (65%) plan to grow across state lines in 2021, according to a recent TaxConnex-commissioned survey of 100 financial leaders and their concerns about multi-state sales tax obligations.

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SMBAccountant

JANUARY 19, 2021

The term “project management” is often used in business to mean the general day to day actions associated with a project. This is only a portion of the overarching task of project management. Without a clear definition, projects can sometimes fail and there is not a clear reason as to why it happened. A trained project manager can add significant value to your business in addition to making sure daily tasks are completed.

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RogerRossmeisl

JANUARY 18, 2021

Despite our best intentions, almost everyone brings some bias to human interactions — even business owners and executives investigating fraud. Sometimes bias can lead to the right conclusion. However, bias can also compromise an investigation’s integrity. If you suspect fraud in your organization and decide to investigate yourself, be sure to guard against bias that may lead you to the wrong culprit or into legal trouble.

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ThomsonReuters

JANUARY 21, 2021

PPACA; HHS Notice of Benefit and Payment Parameters for 2022; Updates To State Innovation Waiver (Section 1332 Waiver) Implementing Regulations; Final Rule, 45 CFR Parts 155 and 156, 86 Fed. Reg. 6138 (Jan. 19, 2021); Notice of Benefit and Payment Parameters for 2022 Final Rule Fact Sheet. Regulations. Fact Sheet. HHS has finalized several of the regulations for insurance markets and Exchanges that were included with the proposed 2022 benefit and payment parameters (see our Checkpoint article )

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SkagitCountyTaxServices

JANUARY 20, 2021

Let’s start today with a couple questions I’ve been getting here at Padgett & Padgett, PLLC CPA from our Skagit County small business clients about the second round of the PPP, and some of the new provisions of the recent bill that affect businesses. If I received the first PPP, should I include this number in calculating whether I “lost 25%+” to qualify for the second round?

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PYMNTS

JANUARY 19, 2021

Banque de France has successfully conducted its own central bank digital currency (CBDC) trial, with a blockchain platform for interbank settlement, CoinDesk reported. A statement from the bank said the pilot involved a settlement on a private blockchain, which U.K. startup SETL provided, of around 2 million euros (about $2.4 million), per CoinDesk.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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RogerRossmeisl

JANUARY 18, 2021

Against the odds, savings rate rises. (This is Blog Post #964). The post Against the Odds, Savings Rate Rises appeared first on Roger Rossmeisl, CPA.

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ThomsonReuters

JANUARY 21, 2021

Department of Labor Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2021, 86 Fed. Reg. 2964 (Jan. 14, 2021). Available at [link]. The DOL has announced the 2021 annual adjustments to the civil monetary penalties for a wide range of benefit-related violations. As background, legislation enacted in 2015 requires annual adjustments to certain penalty amounts by January 15 of each year (see our Checkpoint article ).

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Withum

JANUARY 21, 2021

Six presidents skipped their successor's inauguration. Let's dive into who they are!

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PYMNTS

JANUARY 19, 2021

The shift to digital commerce has opened up new markets for companies across all verticals and sizes. But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. Olivier Schott , co-founder of Scalefast , told PYMNTS that many firms pivoting to eCommerce channels may not have the resources on hand to meet those challenges.

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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RogerRossmeisl

JANUARY 18, 2021

COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit (ERTC), which was extended and enhanced in the latest law. Background on the credit The CARES Act, enacted in March of 2020, created the ERTC. The credit: Equaled 50% of qualified employee wages paid by an eligible employer in an applicable 2020 calendar quarter, Was subject to an overall wage cap

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AccountingDepartment

JANUARY 22, 2021

Businesses can thrive or fail based on how healthy their accounting is. Don't guess! Measure the health of your accounting and see where you stand.

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Patriot Software

JANUARY 18, 2021

In 2020, eligible employees in every state could receive paid family leave … temporarily, under the Families First Coronavirus Response Act. But outside of this expired emergency legislation, there are only a handful of states that require paid family leave. According to the most recent BLS data, 16% of private industry workers regularly have access […] READ MORE.

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PYMNTS

JANUARY 18, 2021

The pandemic is causing fluctuations in the global economy, and supply and demand shifts are causing many businesses to face liquidity stresses and limited credit access. These factors are putting companies to the test, especially in how they handle their corporate finances. There have also been shifts in how customers pay for goods and services, with s ocial distancing policies making contactless transactions essential and pushing consumers toward payment methods such as bank transfers and dig

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Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

RogerRossmeisl

JANUARY 18, 2021

Most fraud-prevention guidance advises owners and manager to monitor employees. But what exactly does this mean? Are you legally entitled to monitor employee computer use? What about security cameras in the workspace? Can you search an employee’s desk if you suspect the person is hiding something? The simple answer is that to stay on the right side of the law when fraud is suspected, your business must be careful about invading employee privacy.

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Withum

JANUARY 18, 2021

Tomorrow our 46th president and 49th vice president will be inaugurated. Here are some tidbits I found interesting and are sharing. These are not necessarily about inaugurations.

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ThomsonReuters

JANUARY 21, 2021

Final Regulations: Application of the Employer Shared Responsibility Provisions and Certain Nondiscrimination Rules to Health Reimbursement Arrangements and Other Account-Based Group Health Plans Integrated With Individual Health Insurance Coverage or Medicare, 26 CFR Parts 1 and 54, __ Fed. Reg. __ (__, __). Available at [link]. The IRS has announced final regulations that clarify how the Code’s employer shared responsibility and self-insured health plan nondiscrimination rules apply to HRAs t

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PYMNTS

JANUARY 20, 2021

Corporate finance teams were not simply tasked with finding ways to continue operations in a remote work environment as a result of the coronavirus crisis. For some organizations, the processes that broke down and the bottlenecks that intensified as a result of the COVID-19 disruption finally lifted the veil on some of the biggest problems in financial workflows — as well as the biggest opportunities to modernize.

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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

GrowthForceBlog

JANUARY 22, 2021

7 min read. In service businesses, what would make one run successfully with consistent profitability while another struggles through every quarter? Let’s look at what happens on the inside….

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Withum

JANUARY 21, 2021

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LyfeAccounting

JANUARY 20, 2021

?. Alright, so we know a fresh round of PPP funds, by the tune of billions, should be here at any moment. But, I’ve noticed something; there’s still a ton of questions and confusion surrounding the new Paycheck Protection Program. Questions like: If I got it last time, can I get it again? Are expenses deductible? Does my business type qualify? …and the list goes on.

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PYMNTS

JANUARY 18, 2021

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. This week, NRF’s Retail’s Big Show , as it is commonly referred to, will host a virtual version of its four-day confab, including 90 sessions and 300 exhibitors who will speak to the future of retail in a post-COVID-19 environment.

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Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

SchoolofBookkeeping

JANUARY 21, 2021

In QuickBooks Desktop it is possible to change the default account that you open up when you do specific tasks. You can set personal Mreferences for the following check writing tasks: Write Checks Paying Bills Paying Sales Tax Making Bank. Read More. The post Changing the Default Bank Account in QuickBooks Desktop appeared first on schoolofbookkeeping.com - Learn bookkeeping, accounting, QuickBooks, financial statements, and more.

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ThomsonReuters

JANUARY 21, 2021

QUESTION: If a participant asks our self-insured health plan to send their claim file to a third party, such as their attorney, how do the HIPAA privacy rules apply to these requests? ANSWER: HIPAA limits disclosures of protected health information (PHI) to third parties. Generally, disclosures for treatment, payment, or specified health care operations do not require an individual authorization.

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KROST

JANUARY 20, 2021

This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue , titled “Manufacturing Companies Beware: CCPA May Impact Your Business” by Keith Hamasaki, CPA. The California Consumer Privacy Act (“CCPA”) is a comprehensive framework to protect California residents (consumers). Effective January 1, 2020, data protection became a California requirement for businesses.

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PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement.

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.