PANALITIX
JANUARY 5, 2021
RESOURCES / ARTICLES. Do Your Clients. Need a CFO in 2021? Do your clients need a CFO in 2021? Some of your clients already have one and he/she may be performing brilliantly. Others will not have any strategic financial support… which is a huge opportunity for accountants. How should accountants pursue this opportunity? Establishing credibility is a starting point.
TaxConnex
JANUARY 5, 2021
As if sales tax nexus and taxability rules weren’t confusing enough, throw in marketplace facilitators and drop shipments and it’s easy for a business of any size to want to give up on sales tax compliance. Understanding who owns the obligations when it comes to drop shipments is often confusing and involves knowledge of the nexus footprint of the business making the sale to the end-user as well as the nexus footprint of the drop shipper.
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SingleTrackAccounting
JANUARY 5, 2021
A new year means a fresh start. With 2020 in our rearview mirror, it’s time to reflect on all the things we have learned and to start fresh for planning for the future. Let’s be grateful for how we have grown as people and as business owners over the past year. There’s no doubt we have learned a whole lot and we are stronger for it. Now is the time to take what we have learned and create a fresh start. .
RogerRossmeisl
JANUARY 6, 2021
The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It also contains numerous tax breaks for businesses. Here are some highlights of the Consolidated Appropriations Act of 2021 (CAA), which also includes other laws within it. Business meal deduction increased The new law includes a provision that removes the 50% limit on deducting business meals provided by restaurants and makes those meals fully deductible.
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.
DuctTapeMarketing
JANUARY 6, 2021
The Ultimate Guide to Finding and Hiring a World-Class Marketing Manager written by Kyndall Ramirez read more at Duct Tape Marketing. When you first start your business, you’re wearing every hat—you’re overseeing every single aspect of the company: Accounting , check. . Sales outreach , add it to your to-do list. Administrative work , it’s not going to do itself.
TaxConnex
JANUARY 7, 2021
If you were to read our 5 Steps to Sales Tax Compliance, or any guide on maintaining sales tax compliance, understanding the taxability of your products and/or services would be one of the first steps. Taxability could be a simple analysis if you sell widgets as tangible personal property (TPP) is taxable unless specifically stated otherwise. Taxability becomes confusing with software which tends to have varying tax rules from state-to-state.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PYMNTS
JANUARY 6, 2021
In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Slowly. In an interview with PYMNTS' Karen Webster, Miguel Diaz , general director of payment systems and market infrastructures at the Central Bank of Mexico (Banxico), said that making and receiving payments across devices in an affordable manner, with faster payments infrastructure already in place, means that “every Mexican
BurklandAssociates
JANUARY 6, 2021
Tune in to this episode of Startup Success, where our host Kate Adams chats with Steven Lord, head of Burkland’s New York office and Fintech Practice, and Ardy Esmaeili, CPA, Read More. The post What the Second Covid Relief Bill & PPP Updates Mean for Your Business – Startup Success Podcast appeared first on Burkland.
SkagitCountyTaxServices
JANUARY 6, 2021
Wow, does it ever feel good to have turned the page on 2020. This first “working week” is when I finally began to feel the newness of it all. Yes, it’s “just a date” on a Gregorian calendar, but … 2021 holds great promise for our Mount Vernon business clients. With the potential of easing lockdowns in our future (assuming that the vaccine and other developments will enable a further re-opening of society), and with the extensions of the PPP and other very nice
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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.
PYMNTS
JANUARY 8, 2021
Robinhood is considering selling shares directly to its users if it opts to hold an initial public offering (IPO). The FinTech group is reportedly mulling setting aside a significant number of shares for users if it goes public, but it has yet to make any final decisions, according to Bloomberg, who cited unnamed sources. Bloomberg notes that such an offering would be unusual, as retail investors generally do not get an opportunity to participate in an IPO at the offering price.
ThomsonReuters
JANUARY 7, 2021
QUESTION: What is “transparency in coverage” cost-sharing disclosure, and does it apply to our company’s group health plan? ANSWER: “Transparency in coverage” refers to an Affordable Care Act provision that requires health plans and insurers to disclose certain cost-sharing information to participants, beneficiaries, enrollees, and, in some cases, the public.
RLLeaders
JANUARY 4, 2021
John Rogers and Aidan McCullen: In business, government, and every area of contemporary life, leaders today are struggling to find workable solutions to greater and more complex challenges. As a former senior Pentagon official and CEO of a billion-dollar company, our guest has seen firsthand that the current model for solving diverse problem sets no longer works.
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.
PYMNTS
JANUARY 7, 2021
For the travel industry, there is light at the end of the tunnel. Vaccines against COVID-19 are (slowly) being rolled out. And while it will take a while to return to any semblance of normal, cruise ships and airlines will at some point once again bustle with travelers journeying for business and pleasure. But no matter where crowds gather, it’s likely that some things will change.
Katz,Sapper&Miller
JANUARY 6, 2021
We at Katz, Sapper & Miller are pleased to announce our two newest partners, Troy Hogan and Ben Lyon. Committed to helping their clients achieve their vision for their businesses, both Troy and Ben provide deep technical expertise, innovative solutions, and superior client service. In short, they exemplify KSM’s values. We are grateful to have Troy and Ben on our team and congratulate them on this outstanding achievement.
ThomsonReuters
JANUARY 7, 2021
The appropriations and COVID-19 relief legislation passed by Congress in December 2020 has been signed into law by the President. The new law includes a variety of provisions affecting employer-sponsored benefit plans—some relating to the COVID-19 public health emergency and others with broader applicability. For more information, see our previous Checkpoint article.
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.
PYMNTS
JANUARY 8, 2021
Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A lot of what the pandemic did was force our industry to truly be digital, to facilitate frictionless transactions,” TCH Senior Vice President Elena Whisler said in a recent conversation
RitaKeller
JANUARY 6, 2021
“Talent wins games, but teamwork and intelligence win championships.” – Michael Jordan. I have heard Sam Allred, Founder of Upstream Academy , speak numerous times during my many years working in public accounting and it has always been inspiring. At a CPAFMA conference several years ago, Allred shared his Six Things Leaders Need to Do.
ThomsonReuters
JANUARY 7, 2021
IRS Notice 2021-07 (Jan. 4, 2021). Available at [link]. The IRS has announced temporary COVID-19-related relief for employers and employees using the automobile lease valuation rule to determine the value of an employee’s personal use of an employer-provided automobile. In general, employers using the automobile lease valuation rule must start using it on the first day the automobile is made available to an employee for personal use and for all subsequent years (the commuting valuation rule may
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.
PYMNTS
JANUARY 7, 2021
Customers of Simple Bank are receiving emails telling them the bank is closing and that the intent is to transfer them to BBVA , a report from Talk Android says. After Simple Bank launched as an online bank specializing in high-interest savings accounts, the current economic climate ended up making it unfeasible. So BBVA pulled the plug. Talk Android posts a letter from the company in which it says there will be "no immediate impact" to accounts and that users don't need to do anything right now
KROST
JANUARY 6, 2021
Jean Hagan ( Principal, Restaurant / Business Management ) and Paren Knadjian ( Practice Leader, M&A, and Capital Markets, PPP Forgiveness ) are hosting a free webinar with Kristi Turner, CMO of Compeat Restaurant Management Software , on the PPP Second Draw Program. Join our restaurant accounting and consulting experts on Wednesday, January 13th at 1PM CT as they provide an in-depth look at the Paycheck Protection Program Second Round and what that means for restaurant owners and operators
ThomsonReuters
JANUARY 7, 2021
DOL Webpage: Families First Coronavirus Response Act: Questions and Answers. Available at: [link]. The DOL has posted new FAQs 104 and 105, addressing the recent expiration of the Families First Coronavirus Response Act (FFCRA) paid leave provisions. As background, the FFCRA required certain employers to provide paid sick leave and emergency childcare leave for specified reasons related to COVID-19 (see our Checkpoint article ).
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
PYMNTS
JANUARY 7, 2021
Bitcoin hit more than $37,700, a new record high that helped drive the cryptocurrency market beyond $1 trillion, CNBC reported on Thursday (Jan. 7), citing data from CoinDesk and CoinMarketCap. At about 2:42 p.m. Singapore time, bitcoin was up 5 percent over the day before. Since the start of 2021, the cryptocurrency market is up 29 percent, and in the past 12 months, it is more than 380 percent higher.
LyfeAccounting
JANUARY 7, 2021
?. Government spending represents over ? of ALL spending in the United States. And it’s expected to continue to increase as the years go by. But where is this money actually going? Who is profiting from government spending? Government contractors. According to GovExec, Federal Contract spending was expected to exceed over $600 billion over 2020. That’s a lot of money going into the hands of businesses that are set-up to get government contracts.
ThomsonReuters
JANUARY 7, 2021
Prohibited Transaction Exemption 2020-02, Improving Investment Advice for Workers & Retirees, 85 Fed. Reg. 82798 (Dec. 18, 2020). PTE 2020-02. Fact Sheet. The DOL has finalized its prohibited transaction exemption (PTE) allowing investment advice fiduciaries to receive reasonable compensation and engage in certain principal transactions, including as part of a rollover to an IRA.
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