BurklandAssociates
JANUARY 26, 2021
What is the Qualified Small Business Stock (QSBS) tax exemption? The Qualified Small Business Stock (QSBS) tax exemption may allow you to exclude up to $10 million of gain when Read More. The post The QSBS Tax Exemption – Don’t Miss Out appeared first on Burkland.
RogerRossmeisl
JANUARY 27, 2021
For most retailers, December is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly if the returns are fraudulent. U.S. retailers suffer annual losses of $18.4 billion from fraudulent returns, according to data analytics company Appriss and the National Retail Federation (NRF).
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AccountingDepartment
JANUARY 27, 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 your KPIs stand against industry benchmarks for marketing agencies.
TaxConnex
JANUARY 28, 2021
There’s always something changing or new going on in the world of tax, especially sales tax. Here’s a review of some of the changes and updates in the last few months. Nationwide , the Streamlined Sales Tax Governing Board has made amendments to the Streamlined Sales and Use Tax (SST) Agreement to revise its amnesty-related provisions. A member state now must provide amnesty for uncollected or unpaid sales or use tax to a seller (who registers through the SST registration system for the state in
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
RogerRossmeisl
JANUARY 25, 2021
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisis (or you received one last year), you may wonder about the PPP loan tax consequences. Background on the loans In March of 2020, the CARES Act became law.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
TaxConnex
JANUARY 26, 2021
Massachusetts has joined the ranks of states that have provisions for accelerated remittance of sales tax. What does this mean for online companies that sell into that state? Effective April 1, 2021, businesses that have collected and remitted more than $150,000 in sales tax in the preceding calendar year will be required to remit tax collections to Massachusetts through the 21st day of the month no later than the 25 th day of the same month.
RogerRossmeisl
JANUARY 28, 2021
The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide to switch from one entity type to another. Although S corporations can provide substantial tax benefits over C corporations in some circumstances, there are potentially costly tax issues that you should assess before making the decision to convert from a C corporation to an S corporation.
PYMNTS
JANUARY 25, 2021
In the world of business, where the quest for profits, sales growth and the next big thing is never ending, here’s something you don’t hear every day. “I will die of old age before we've even cracked a fraction of this demand.” . That’s the market summary Outdoorsy Co-founder and CEO Jeff Cavins gave to PYMNTS' Karen Webster on the status of his RV rental platform, which’s about to cross the billion-dollar bookings milestone in only its fifth year in business.
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
GrowthForceBlog
JANUARY 29, 2021
6 min read. “A goal properly set is halfway reached.” —Zig Ziglar. Don’t put employee goal setting on the back burner this year. The start of a new year welcomes a new opportunity to help employees set their professional goals and set the tone of your organization for the year ahead.
RogerRossmeisl
JANUARY 26, 2021
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, 2021. After sending the forms to recipients, taxpayers must file the forms with the IRS by March 1 (March 31 if filing electronically). The requirement begins with forms for tax year 2020.
PYMNTS
JANUARY 26, 2021
Visa has debuted a new global partnership with TransferWise after working together on the new Visa Cloud Connect program, allowing FinTechs a new way to securely connect with the cloud, according to an emailed press release Wednesday (Jan. 27). Visa Cloud Connect connects FinTechs and other partners to VisaNet , Visa’s global processing network.
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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
JANUARY 28, 2021
EEOC Commission Opinion Letter: Individual Coverage Health Reimbursement Arrangements (ICHRA) under the ADEA (Jan. 7, 2021). Available at [link]. The EEOC has issued an opinion letter regarding whether an employer may sponsor an ICHRA that offers employees a defined contribution for the purchase of an age-rated individual major medical health insurance policy without violating the Age Discrimination in Employment Act (ADEA).
Patriot Software
JANUARY 27, 2021
If you’re an employer in Washington state, it’s time to listen up. There’s a new tax in town: the Seattle JumpStart tax. So Seattle employers, read up on the new payroll expense tax and what it means for you and your business. What is the Seattle JumpStart tax? On July 6, 2020, the Seattle, Washington […] READ MORE.
PYMNTS
JANUARY 25, 2021
The Reserve Bank of India (RBI) is exploring making a digital currency, a reversal of its prior position, according to a report from Cointelegraph. A booklet on payments released by the RBI Monday (Jan. 25), said the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency,” the report stated, adding that it would put one into use if necessary.
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
JANUARY 28, 2021
Announcement of Calendar Year (CY) 2022 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (Jan. 15, 2021). Announcement. Fact Sheet. Under Medicare Part D regulations, most group health plan sponsors offering prescription drug coverage to Part D eligible individuals (including active or disabled employees, retirees, COBRA participants, and beneficiaries) must disclose to those individuals and to CMS whether the plan coverage is creditable or non-creditable.
SkagitCountyTaxServices
JANUARY 28, 2021
My goal today is to simplify your options. There is so much noise, and so many conflicting voices about all of this, that I wanted to give you an authoritative, basic rundown of what’s being made available to you and other Skagit County small business owners by the federal government. These kinds of programs are very rare opportunities — which makes sense, given that this has been a very rare kind of year, yes?
PYMNTS
JANUARY 24, 2021
Digital payments company Payoneer is in talks to go public via a business combination with special purpose acquisition company (SPAC) FTAC Olympus Acquisition Corp., Bloomberg reported. The blank-check company has started discussions to bring in new investment to help with a deal that could value the merged firm at over $2.5 billion, Bloomberg reported, citing an unnamed source.
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!
ThomsonReuters
JANUARY 28, 2021
Independent Contractor Status Under the Fair Labor Standards Act, 29 CFR Parts 780, 788, and 795, 86 Fed. Reg. 1168 (Jan. 7, 2021); News Release: U.S. Department of Labor Announces Final Rule to Clarify Independent Contractor Status Under the Fair Labor Standards Act (Jan. 6, 2021). Final Rule. News Release. The DOL’s Wage and Hour Division (WHD) has finalized regulations for determining whether a worker is an independent contractor for purposes of the Fair Labor Standards Act (FLSA).
xendoo
JANUARY 25, 2021
Keep this chart handy or copy the relevant parts of it into your calendar so you won’t miss a due date throughout the year. W-2 Filing. (Wage and Tax Statement for Full- and Part-Time Employees). January 31. Form 1096 Filing. (Information Return by Employers to the IRS on Form 1099s Issued to Independent Contractors). February 29. Form 1099-MISC Filing.
AccountingDepartment
JANUARY 26, 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 your KPIs stand against industry benchmarks for professional services companies.
PYMNTS
JANUARY 28, 2021
By the numbers, convenience stores are America’s gas stations. They account for 63.7 percent of all gasoline sold in the country, and 80 percent of them combine the food staples they’re well known for with the pumps for the business they’ve come to dominate. But the simplicity ends there. For convenience store chains and independents, fuel is a razor-thin 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.
Patriot Software
JANUARY 25, 2021
As an employer, you can offer small business retirement options, like 401(k) plans, to your employees. But when it comes to 401(k) options, it isn’t just a one and done type of deal. There are a few different types of 401(k) plans to choose from. 401(k) Overview Let’s brush up on what 401(k) is, shall […] READ MORE.
RitaKeller
JANUARY 25, 2021
“Focus on being productive instead of busy.” – Tim Ferriss. I think we have all enjoyed browsing the hundreds. thousands… of Bernie memes. I know I had a lot of laughs these past few days. Of course, the most meaningful Bernie meme, for all of us working in the CPA profession, comes from Shayna Brooke, Founder & Chief Strategist at Shaynaco LLC in Gallipolis, Ohio.
KROST
JANUARY 25, 2021
Congress introduced the Bipartisan economic relief package on December 20, 2020. This relief bill provides stimulus to individuals and businesses. As an industry impacted by the pandemic, real estate businesses can benefit from several key tax provisions in the package. We have outlined these opportunities below. Business Meals Deduction. Currently, the deductibility of business meals is limited to 50% of qualifying expenses.
PYMNTS
JANUARY 25, 2021
Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. The new Enhanced Contactless (Ecos) specifications will come along with the demand for more efficient, safer products overall, the release stated. Contactless payments are “future-proofed” in that they will let consumers access the security and convenience for long into the future, according to the release.
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