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.

Sales 246

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.

Manufacturing 80

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.

cpas 52

cpas CPA Finance Tax 52

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

Tax 130

Tax income tax CPA business tax 130

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

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.

130

130

Patriot Software

MARCH 1, 2021

True or false: As an employer, you can pay employees any amount you want. False. It’s 100% false. Why? Because of minimum wage law. But, what’s minimum wage? Depending on your business location, you might have differing federal, state, and local minimum wage rates. To ensure your business is compliant with labor laws, get to […] READ MORE.

payroll 122

payroll 122

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.

CPA 130

CPA Account accounted accountant 130

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.

CPA 98

CPA Sales Account accounted 98

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.

payroll 97

payroll 97

Withum

MARCH 3, 2021

Today is the one year anniversary of the last day I was in Manhattan. I know this because I posted a few blogs documenting my creeping realization of the pandemic that would engulf us and the world.

96

96

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

RogerRossmeisl

FEBRUARY 28, 2021

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

CPA 133

CPA 133

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.

accounted 86

accounted Account accountant bookkeeping 86

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.

payroll 71

payroll 71

Withum

MARCH 1, 2021

Winter yields to cheery spring. About a month ago the longer days created a good feeling and in spite of the snow it really wasn’t a bad or overly cold winter and I realized that too.

82

82

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

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

business tax 59

business tax Tax income tax tax return 59

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.

Government 59

Government Tax Account accounted 59

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.

accounted 56

accounted Account accountant accounting system 56

Withum

MARCH 3, 2021

Planning is the cornerstone of a successful company in the construction industry. However, when it comes to succession planning for owners, they tend to procrastinate. Maybe it’s the idea of losing control, boredom from retirement, or fear of the inevitable. For many owners the daily task of running the business just gets in the way because there are never enough hours, right?

Construction 59

Construction payroll accounting and finance Tax 59

Advertisement

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

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.

Maine 53

Maine Finance Technology 53

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.

Tax 52

Tax Legal Non-Profits tax return 52

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.

Sales 56

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.

52

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

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.

auditor 52

auditor financial statements Legal Gaming 52

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.

Tax 52

Tax Account accounted accountant 52

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

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.

cpas 52

cpas Finance Tax Account 52

Advertisement

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.

Patriot Software

MARCH 3, 2021

As an employer, you can offer various benefits to your employees. There are pre-tax and post-tax benefits for employees to enjoy. One plan you can offer employees is an FSA. So, what is an FSA? What is an FSA? An FSA, also known as a flexible spending account (or arrangement), is a tax-free fund that […] READ MORE.

Tax 52

Tax Account accounted accountant 52

ThomsonReuters

MARCH 4, 2021

EBSA Disaster Relief Notice 2021-01. Available at [link]. The DOL has issued EBSA Disaster Relief Notice 2021-01, clarifying the duration of certain COVID-19-related deadline extensions. As background, the DOL and IRS issued guidance last year specifying that the COVID-19 outbreak period—defined as the period beginning March 1, 2020, and ending 60 days after the announced end of the COVID-19 national emergency—is disregarded when calculating various deadlines under COBRA, ERISA, and HIPAA’s spe

Tax 52

Tax Account accounted accountant 52

AccountingDepartment

MARCH 5, 2021

Accounting services are fundamental to the success of every business, regardless of its size or type. Small businesses often find it is better to outsource accounting services. Outsourcing accounting projects saves a bundle of money, heightens efficiency, and ensures an entire team of professionals is available to handle accounting projects of varying sorts.

accounted 52

accounted Account accountant bookkeeping services 52

SingleTrackAccounting

MARCH 3, 2021

Over the past several years we have learned as a company who our ideal customer and niche industries are. Our main objective is to work with people who our values align with. Our ideal customers are “mountain people.” This does not mean they need to live in the mountains to fall into this category. We prefer to work with customers who are positive, enjoy and respect the outdoors, and understand that no one can go at it alone.

accounting and finance 52

accounting and finance Start-ups Tax audit 52

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.