TaxConnex

MARCH 2, 2021

There’s always something changing in the world of tax, especially sales tax. And 2021 is off to a n especially busy start. Here’s a review of some of the recent changes and updates. In one of the biggest developments, the two remaining states with a sales tax that don’t require online (or otherwise remote) businesses to collect and remit tax – Florida and Missouri – may be inching toward instituting post- Wayfair nexus requirements and sales tax obligations.

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Sales Tax Missouri Wisconsin 246

KROST

MARCH 2, 2021

This is one of the article in the KROST Quarterly Manufacturing Issue , titled “Relief Comes in the Form of R&D Tax Credits for Manufacturing Companies” by Guest Contributor, Michael Maroney. As history has shown us, difficult times can spark a renaissance of innovation and creativity. With the continued impact of the Coronavirus on American businesses, many companies are rolling up their sleeves, pivoting their focus, and offering radical solutions to solve our pandemic problems.

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Manufacturing Tax Pharmaceutical accounting and finance 80

LSLCPAs

MARCH 4, 2021

Why Cash Is “King” and Projecting Cash Flow is “Emperor” It is crucial these days to know about projecting cash flow. Here’s why: During these uncertain times, how much longer can you survive in your business without going in the red? All too real is the many businesses that have […]. The post How to Increase and Project CASH FLOW appeared first on LSL CPAs.

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cpas CPA Finance Tax 52

RogerRossmeisl

FEBRUARY 28, 2021

(This is Blog Post #988). The post Should I Take a Life Insurance Loan? appeared first on Roger Rossmeisl, CPA.

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CPA 139

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

Finance

BurklandAssociates

MARCH 2, 2021

Where are the greatest innovations in Fintech happening right now? How has COVID-19 impacted the Fintech sector? What does the regulatory environment look like? And what does Bitcoin’s price rise Read More. The post Fintech Roundtable: Five Key Takeaways from Industry Insiders appeared first on Burkland.

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Withum

MARCH 1, 2021

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New Jersey Legal 124

RogerRossmeisl

FEBRUARY 28, 2021

Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If you are considering such a transaction, it’s important to understand the tax implications of buying or selling a business. Two ways to arrange a deal Under current tax law, a transaction can basically be structured in two ways: (1) Stock (or ownership interest) A buyer can directly purchase a seller’s ownership intere

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Tax income tax CPA business tax 132

ThomsonReuters

MARCH 4, 2021

IRS Form 1099-R (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.) (2021); IRS Form 5498 (IRA Contribution Information) (2021); Instructions for Forms 1099-R and 5498 (2021); General Instructions for Certain Information Returns (Forms 1096, 1097, 1098, 1099, 3921, 3922, 5498, and W-2G) (2021).

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Texas Tax Account accounted 98

Withum

MARCH 1, 2021

New York 122

New York Tax 122

AccountingDepartment

MARCH 3, 2021

17 years ago, an ingenious CPA partnered with a maverick sales guy in a shared goal to change how entrepreneurs approached their accounting—and AccountingDepartment.com was born. At least, that’s the short version and how the company folklore goes. But as with all things, the truth is far more interesting… and certainly very inspiring.

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CPA Sales Account accounted 98

Advertiser: Paycor

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

payroll

RogerRossmeisl

FEBRUARY 28, 2021

One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Unless you’re aware of these schemes and take steps to prevent them, your business could face serious financial losses. Creative misappropriation Receivables fraud occurs when dishonest employees divert customer payments for their personal use.

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CPA Account accounted accountant 132

Patriot Software

MARCH 4, 2021

Employees have money on their minds. Only 19% of employees are comfortable with their rate of pay. And, 54% say they would leave their job to make more money elsewhere. To avoid losing your top employees, you might consider offering pay raises. Learn about criteria for raises, when to give salary raises, and how to […] READ MORE.

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payroll 97

Withum

MARCH 5, 2021

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GrowthForceBlog

MARCH 3, 2021

5 min read. I know what you’re thinking– “I want to avoid incurring new expenses in the form of upfront software costs and subscription fees.” But the money you think you're saving is actually costing you more money, time and unforeseen long term issues.

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accountant Account accounted bookkeeping 87

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

Account

ThomsonReuters

MARCH 4, 2021

FAQs About Families First Coronavirus Response Act and Coronavirus Aid, Relief, and Economic Security Act Implementation Part 44 (Feb. 26, 2021). FAQs. News Release. The DOL, IRS, and HHS have issued another round of FAQ guidance addressing implementation of the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for group health plans.

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Government Tax Account accounted 59

Patriot Software

MARCH 3, 2021

In many types of service industries, employees can receive tips in addition to their regular wages. If your employees earn tips, you may consider giving tip pooling a try. Keep reading to learn all about tip pooling, including how it works and tip pooling laws you need to follow. What is tip pooling? So, how […] READ MORE.

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payroll 70

Withum

MARCH 1, 2021

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inDinero Tax Tips

MARCH 3, 2021

Whether you file your business’s taxes yourself or you have help, making sure your tax returns are right and on time is a lot easier when you. have a year-round reliable accounting team and. have the right deadlines marked on your calendar. By outsourcing your business’s accounting and taxes with inDinero , you’re covered on both fronts. We’ll provide the information you need to create the appropriate 2021 business tax calendar to keep up with your tax filing responsibilities and avoid late pena

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business tax Tax income tax tax return 59

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.

Account

AccountingDepartment

MARCH 4, 2021

Things can move quickly in the world of government contracting and having a strong accounting department to back you up during those times to rapid growth is crucial to making the process smooth and ensuring DCAA compliance of your overall accounting system.

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accountant Account accounted accounting system 56

KROST

MARCH 1, 2021

The PPP loan program is evolving fast with new rules on Second Draw applications, including a 2-week pause on companies with 20 or more employees and new calculations for sole proprietors. In addition, both the lenders and the SBA are reviewing, rejecting, and putting holds on many applications because of API errors, compliance failures, and First Draw Loan issues.

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Maine Finance Technology 53

Withum

MARCH 1, 2021

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LyfeAccounting

MARCH 5, 2021

?. Which business entity is going to save you the most money on your taxes? Sole proprietor vs LLC vs S-Corp vs. C-Corp – which one should you choose? Now, your tax expense can greatly vary based on the entity you select here. And by greatly, we mean thousands if not tens of thousands of dollars. So by the end of this post, we hope that you’re saving thousands and not paying thousands more than you have to in taxes.

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Tax Legal Non-Profits tax return 52

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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.

financial statements

AccountingDepartment

MARCH 3, 2021

When companies want to increase profits, it's best to study the contribution margin and the gross profit margin. This is how unit economics is revealed. Unit economics reveals the relationship between the cost to generate revenue and revenue itself. Once you know the unit economics, you can then increase profits. It reveals which industries deliver the most profits, which marketing campaigns delivered the most profits and which sales people deliver the most profits.

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Sales Account accounted accountant 56

RitaKeller

MARCH 5, 2021

“The blues ain’t nothing but a good man feelin’ bad.” – Leon Redbone. My husband, Darrell, enjoys the blues and we often listen to Bluesville on satellite radio when we are driving. The names of the artists display when the music is playing and it amazes me how so many have colorful nicknames. We grew up in a small town so nicknames are nothing unusual for us.

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Withum

MARCH 1, 2021

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FraudFiles

MARCH 5, 2021

How would you know if your company was being ripped off by a dishonest employee? Most companies miss all of the warning signs that could help stop a fraud early. Studies suggest that the average fraud scheme within a company lasts 18 months. That’s a year-and-a-half that one or more employees are stealing from the company without being caught.

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auditor financial statements Legal Gaming 52

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

AccountingDepartment

MARCH 4, 2021

What is a Credit Memo? Short for " credit memorandum " and also known as a credit note, a credit memo is a document that reduces a customer's or client's total account balance. Credit memos may be applied to future purchases of goods or services.

Account 55

Account accounted accountant 55

ThomsonReuters

MARCH 4, 2021

QUESTION: I’ve been asked whether members of our company’s board of directors can participate in our cafeteria plan. Can we allow this? ANSWER: Generally, board members may not participate in your cafeteria plan because participation must be limited to employees. Therefore, members of your company’s board of directors who are not employees of the company (“outside directors”) cannot participate in your company’s cafeteria plan.

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Tax Account accounted accountant 52

Withum

MARCH 1, 2021

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Finance 98

LSLCPAs

MARCH 3, 2021

As we went to press on Monday night, so did the Internal Revenue Service. It released Notice 2021-20. It’s primarily an update to the IRS’s previously published FAQ on the Employee Retention Credit. While the 100 page notice is welcome additional guidance, we’re sorry to say that the IRS is […]. The post PPP Part XIV – A Quick Update: IRS Issues Additional ERC Guidance appeared first on LSL CPAs.

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cpas Finance Tax Account 52

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