RogerRossmeisl
JULY 14, 2021
The world’s largest meat production company was recently sidelined by a ransomware attack. The hack forced the company to temporarily shutter plants in the United States, Canada and Australia, affecting the U.S. meat supply and even hurting commodity prices. If it seems like cybercriminals often target manufacturing (including food processing) and distribution companies, that’s because they do.
GrowthForceBlog
JULY 14, 2021
6 min read. You've hit 7-figures in your consulting firm — a major milestone! As your consulting firm stands now, you're only able to do so much with the resources you currently have built into your business model.
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MazumaBusinessAccounting
JULY 15, 2021
Running your own business is rewarding, but it can also be overwhelming. There are dozens of administrative tasks to keep tabs on besides your day-to-day work. I’ve been there, and I’ve felt that nagging feeling that I am letting something important slip through the cracks. That’s why I wanted to put together these tips to help you stay on top of your finances while growing a successful business. 1.
TaxConnex
JULY 13, 2021
We are very excited to announce the launch of our newly designed website. Visit us at www.taxconnex.com to check it out! After several months of hard work and dedication, we are delighted to officially announce the launch of our newly designed website. We wanted to make the new website faster, easier to navigate, and more informative , and we believe this new site achieves all these things!
Speaker: David Worrell, CFO, Author & Speaker
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.
RogerRossmeisl
JULY 14, 2021
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other non-tax benefits. The kids can gain on-the-job experience, spend time with you, save for college and learn how to manage money. And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll tax savings (depending on the child’s age and how your business is organized), and Enable retirement plan contributions for the children.
BurklandAssociates
JULY 13, 2021
By now you have probably heard of the 2018 U.S. Supreme Court ruling in South Dakota v. Wayfair (“Wayfair”), which granted all 50 states the ability to reach out to Read More. The post Sales Tax on SaaS: A Checklist & State-By-State Guide for Startups appeared first on Burkland.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
TaxConnex
JULY 15, 2021
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates that occurred over the last month. Colorado lawmakers have adopted SB21-282 , which extends the exception to destination sourcing requirements; the exception applies only to businesses with less than $100,000 in retail sales.
RogerRossmeisl
JULY 14, 2021
Fraud perpetrators take whatever they can get their hands on. But fraudsters prefer cash because it’s virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace even cash-based theft. Multiple opportunities According to the Association of Certified Fraud Examiners, there are three main categories of cash fraud, which includes checks because they’re easily converted to cash: theft of cash on hand, theft of cash receipts, and fraudulent disbursements.
GrowthForceBlog
JULY 16, 2021
7 min read. We've all been in meetings where no one contributes, no one takes anything away, and everyone leaves feeling a little less vibrant, having been drained of time and energy. This type of meeting is costly- and your bottom line takes the hit.
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.
ThomsonReuters
JULY 15, 2021
QUESTION: We have heard from our company’s group health plan insurer that our plan must continue covering certain patients who are undergoing treatment when we change our contractual relationship with their provider. What are the rules, and when do they apply? ANSWER: The surprise medical billing legislation passed in December 2020 (see our Checkpoint article ) included a new patient protection mandate referred to as “continuity of care” that applies when a provider ceases to be an in-network
RogerRossmeisl
JULY 13, 2021
Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue Plan Act (ARPA), will begin being made on July 15, 2021. How have child tax credits changed? The ARPA temporarily expanded and made CTCs refundable for 2021.
Withum
JULY 14, 2021
Most people I speak to have faint memories of last year’s stock market drop. The resulting increase created that memory lapse. Question: How did you feel when the market dropped?
Patriot Software
JULY 14, 2021
If you’re an employer with employees in Washington, listen up. Starting in 2022, you need to make an additional deduction from Washington workers’ paychecks for the Washington Cares Fund. But, what is the Washington Cares Fund, and how much do you have to deduct and remit? Get all of the answers about the new program […] READ MORE.
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
ThomsonReuters
JULY 15, 2021
Hua v. Board of Trustees, 2021 WL 2190906 (D. N.J. 2021). A participant in a union- and employer-sponsored self-insured group health plan was injured in an accident and sued the other parties involved. The plan administrator asserted its right, under the terms of the plan, to be reimbursed for the participant’s accident-related medical expenses (paid by the plan) out of any recovery.
RogerRossmeisl
JULY 11, 2021
The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a rundown of the rules for businesses that have considered revisiting the Employee Retention Tax Credit. Background Back in March of 2020, Congress originally enacted the ERTC in the CARES Act to encourage employers to hire and retain employees during the pandemic.
xendoo
JULY 14, 2021
In the past, online sellers often had to dig into their own pockets to fund their eCommerce business dreams. . Since small or growing businesses are technically high-risk investments, banks and other financial institutions were reluctant to part with their cash to help eCommerce sellers. . But times have changed. . Today, there is a growing number of funding options eCommerce entrepreneurs can tap into to make even their biggest, hairiest goals reality.
FraudFiles
JULY 14, 2021
Hiring a forensic accountant for your divorce is expensive. If you can’t afford a forensic accountant, what can you do when you receive all the financial discovery in your divorce case? First, the documents you’ll need: Tax returns and W-2s. Pay statements or stubs. Bank statements, deposit tickets, canceled checks, check registers (hard copy or software like Quicken).
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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.
ThomsonReuters
JULY 15, 2021
IRS Information Letters 2021-0003 (Dec. 14, 2020) and 2021-0013 (Apr. 27, 2021). Letter 2021-0003. Letter 2021-0013. The IRS has released two information letters that address the substantiation rules for health FSA debit card programs. One letter responds to an inquiry on behalf of an individual whose card was deactivated for failure to provide requested documentation to substantiate expenses paid with a health FSA debit card.
AccountingDepartment
JULY 14, 2021
Join our co-founder, Bill Gerber, at the 2021 GovCon Accounting Summit from July 20, 2021, to July 22, 2021! The GovCon Accounting Summit is the premier educational experience for government contract accounting professionals.
CTP
JULY 13, 2021
The Dependent Care Credit is available to taxpayers who pay someone else to care for a dependent under age 13 or to care for a spouse or dependent who is unable to care for themselves. The goal of the credit is to help subsidize dependent care expenses so the taxpayer is able to work or […]. The post Navigating Changes to the 2021 Dependent Care Credit appeared first on certifiedtaxcoach.
Withum
JULY 13, 2021
Thursday I am presenting a webinar for the East Brunswick Public Library titled Money $ecrets of the Rich and Famous…and what you can learn from them. It is free and I guarantee you will enjoy it and will learn about some “insider” financial planning tips.
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?
ThomsonReuters
JULY 13, 2021
Backup Withholding. The IRS requires the payer of certain income payments to be reported on information returns (e.g., Form 1099-NEC , Nonemployee Compensation ). Generally, the payer does not withhold taxes from these types of payments, as it is assumed that the payee will report and pay taxes on this income when the federal income tax return is filed.
AccountingDepartment
JULY 13, 2021
Working from home has many perks, but a few challenges are attached to it as well. Staying productive is the most important thing a remote employee can sometimes struggle with. As a fully remote company, all of our employees work from the comfort of their own homes, so we’ve laid out a few pointers to help battle the productivity struggle and knock out that task list of work on a daily basis.
xendoo
JULY 12, 2021
As your business grows, however, things start to change. It becomes harder and harder to keep up with everything that needs to be done, and something has to give. By outsourcing strategic tasks, like finding an online bookkeeping and accounting team you can trust, you can open up time in your daily schedule without spending a fortune on full-time employees. .
GrowthForceBlog
JULY 12, 2021
6 min read. We don’t need to tell you that your business depends on sales, and you must find ways to continuously motivate your sales force.
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!
RitaKeller
JULY 15, 2021
“Always bear in mind that your own resolution to succeed is more important than any one thing.” – Abraham Lincoln. My husband and I are history buffs , especially Civil War history. We have visited many battlefields and other sites. Ken Burns’ Civil War has taught us so much and a movie I always recommend is Gettysburg. It tells the story from both sides and is quite informative.
xendoo
JULY 12, 2021
Bank reconciliation is a task that sounds boring even before you know exactly what it is. As a business owner who already has too many tasks and not enough time, it’s easy enough to just take a pass on something that sounds so dull. . Unfortunately, skipping out on bank reconciliation is not something you can afford to do. With this post, we’d like to give you a quick introduction to the concept of bank reconciliation and why it’s an essential part of your ongoing accounting and bookkeeping acti
inDinero Accounting
JULY 16, 2021
Artificial intelligence (AI) brought us Apple’s Siri. Today, we can get the answer by speaking one name. AI is in marketing and sales, manufacturing, product and service development, and corporate finance and accounting. AI is behind many business functions, but does AI function as a revenue driver for your company? The latest McKinsey Global Survey , “ The State of AI in 2020 ,” asked 2,395 participants from various company backgrounds and industries about how well AI does for their business.
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.
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