Withum

NOVEMBER 19, 2020

131

131

SMBAccountant

NOVEMBER 19, 2020

Indirect rates are not exclusive to government contractors. As part of any cost accounting management system, rates are determined in order to apply costs that are not directly related to a product or service. Direct costs are expenses directly associated with a product or service. This typically includes direct labor (hours spent on the billable task) and direct materials (materials used on a billable task).

Government 246

Government Manufacturing Account accounted 246

LSLCPAs

NOVEMBER 18, 2020

Part THREE: PPP Loans, Required Minimum Distributions, and 401(k)s SO much has happened this year and SO much has to be done before the year-end to help our clients make the correct decisions on their tax liabilities that we are starting our planning now, and we hope you will too. […]. The post Tax Planning 2020 – Part THREE appeared first on LSL CPAs.

tax planning 52

tax planning Tax cpas Technology 52

TaxConnex

NOVEMBER 19, 2020

When it comes to managing sales tax compliance, for most businesses there are really three ways you can do it. Attempt to manage everything in-house. Outsource sales tax compliance. Do nothing and roll the dice. So what happens if you attempt to manage the process in-house but lack the expertise and bandwidth to manage it effectively? Or what if you do nothing and decide to roll the dice?

Sales 246

Sales Tax audit Legal 246

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.

Finance

RogerRossmeisl

NOVEMBER 19, 2020

If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees. There are several types of qualified plans that are eligible for these tax advantages: A current deduction from income to the employer for contributions to the plan, Tax-free buildup of the value of plan investments, and The deferral of income (augmented by investment earnings) to employees until funds are distributed.

CPA 193

CPA Tax Start-ups business tax 193

BurklandAssociates

NOVEMBER 17, 2020

Burkland’s Head of Marketing Kate Adams interviews Jeff Burkland about the role our firm played in Segment’s recent acquisition by Twilio. Segment’s acquisition by Twilio for $3.2B is another success Read More. The post Burkland’s Role in the $3.2B Acquisition of Segment appeared first on Burkland.

147

147

TaxConnex

NOVEMBER 17, 2020

It’s that time of year – holiday shopping is in full swing. W hile the pandemic has continued to wreak havoc on retail locations, online sales continue to skyrocket. So while you’re busy with closing out your year, hopefully on a higher note, don’t forget about your sales tax obligations or you could wind up with a big lump of coal. This year, Cyber Monday falls on Nov. 30, just 25 days before Christmas and 10 days before Hanukkah.

Sales 223

Sales South Dakota Tax Retail 223

RogerRossmeisl

NOVEMBER 17, 2020

The California Legislature passed, and the governor signed, Senate Bill 1447 (click here for FTB Bill Analysis) into law creating a new small business hiring credit (SBHC) for small businesses impacted by economic disturbances in 2020. The Small Business Hiring Credit is also referred to as the “Main Street Hiring Credit”. Overview Taxpayers can use the credit against income taxes (personal income tax, corporation franchise or income taxes), or can make an irrevocable election to apply the credi

California 132

California income tax Maine CPA 132

SMBAccountant

NOVEMBER 19, 2020

Indirect rates are not exclusive to government contractors. As part of any cost accounting management system, rates are determined in order to apply costs that are not directly related to a product or service. Direct costs are expenses directly associated with a product or service. This typically includes direct labor (hours spent on the billable task) and direct materials (materials used on a billable task).

Government 130

Government Manufacturing Account accounted 130

PYMNTS

NOVEMBER 16, 2020

Real-time payments continue to gain traction around the world. Case in point: Brazil. The country’s banking system is giving an upgrade to its instant payments system. Called PIX , the new payment rails have been in the works for some time and launched last week. It will be fully operational starting Monday (Nov. 16) and has already processed 10 million transactions a day.

payroll 131

payroll Start-ups Sales accounted 131

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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.

Technology

BurklandAssociates

NOVEMBER 17, 2020

Every startup needs a Long-Range Financial Plan, an Annual Financial Plan, and an Intra-Year Forecast. Debbie Rosler, CFO for startups, shares more information about each type of plan. “Plans are Read More. The post What Types of Financial Plans Do Startups Need? appeared first on Burkland.

130

130

Withum

NOVEMBER 16, 2020

124

124

ThomsonReuters

NOVEMBER 19, 2020

IRS Information Letter 2020-0024 (Sept. 8, 2020). Available at [link]. The IRS has released an information letter responding to an inquiry from a qualified transportation plan participant with unused transit benefits. Explaining that he was now driving to work instead of taking public transportation due to the COVID-19 pandemic, the participant asked whether his unused benefits could be rolled over to a parking account.

Transportation 98

Transportation Government Tax Account 98

PYMNTS

NOVEMBER 17, 2020

Shopify has expanded its payment options for merchants with a new partnership with Alipay , China’s payments app. The deal will unlock “the power of cross-border commerce for Shopify’s merchants,” Shopify said in a press release that called Alipay “Asia's leading digital wallet platform.” The new payment option will ”allow Shopify merchants to seamlessly accept payments through Alipay from more than one billion annual active users in China alone — and, in the future, hundreds of millions more ac

Sales 130

Sales Government Retail 130

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.

payroll

IgniteSpot

NOVEMBER 19, 2020

Technology 98

Technology Account accounted accountant 98

Withum

NOVEMBER 16, 2020

A client just asked me about terminating his 401k and I think it affects many people, so I am posting my response here (and he is getting free advice from me for this). I answered in sections included.

105

105

Katz,Sapper&Miller

NOVEMBER 20, 2020

This week, the IRS issued Revenue Ruling 2020-27, which dictates the timing of the non-deductible nature of eligible PPP loan expenses. Many had hoped that by delaying the loan forgiveness application – and, as a result, PPP loan forgiveness – until 2021, calendar-year taxpayers could shift the non-deductible event forward a year. We now have the IRS’ position on this issue: If there is a reasonable expectation of forgiveness, borrowers are out of luck.

98

98

PYMNTS

NOVEMBER 17, 2020

When it comes to global B2B procurement, nothing is simple. For example, suppose a huge global consumer packaged goods (CPG) conglomerate wants to introduce a new shampoo. To do so it needs new supplies of palm oil, and a new supplier in Indonesia has the right quantity and the right environmental profile. Said CPG company would need to onboard the new supplier, which in the past could be a 90-day process full of you’re your customers (KYC) regulations and other laborious processes.

B2B 128

B2B accounts payable accounted Account 128

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.

Finance

KROST

NOVEMBER 20, 2020

A lot of people lost their jobs in 2020 when businesses were forced to shut down or had to furlough their employees due to COVID. To help Californians get back to work, California’s governor signed a new tax bill to give tax breaks to small businesses that increased hiring during the second half of 2020. Senate Bill 1447 was enacted on September 9, 2020, to offer new credit called Small Business Hiring Tax Credit to qualified California small business employers who can use it to offset state inc

California 83

California Tax Real Estate income tax 83

Withum

NOVEMBER 16, 2020

Account 98

Account accounted accountant 98

Katz,Sapper&Miller

NOVEMBER 18, 2020

In a year of unpredictable outcomes and business projections, the manufacturing industry took a hit early in the COVID-19 pandemic but is bouncing back to end the year strong.

Manufacturing 97

Manufacturing Indiana 97

PYMNTS

NOVEMBER 17, 2020

The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. Instead, it would be more accurate to note that those macro trend lines were both already on the move quite notably, and then the coronavirus came along and rapidly intensified the situation. That’s one of the takeaways from a recent PYMNTS panel discussion with Visa ’s Director of Global Chip Product Tom Rapkoch , Keyno CEO Robert Steinman and Assistant

Michigan 126

Michigan Finance Start-ups Technology 126

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.

CPA

KROST

NOVEMBER 17, 2020

This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue , titled “Innovation, Positivity, and Evolution: How Three Businesses are Navigating the Pandemic” with Serrano Industries, Inc. , Drop Labs & LumaForge. For insight into how manufacturers and businesses that rely heavily upon supply chains have been impacted by COVID-19, we connected with a few of our clients to hear about their experiences over the last several months.

Manufacturing 58

Manufacturing accounting and finance Government Finance 58

Withum

NOVEMBER 17, 2020

81

81

SkagitCountyTaxServices

NOVEMBER 18, 2020

With the increased standard deduction this past year ($12,400 single, $24,800 married filing jointly, $18,650 head of household), some smaller charities began to see a decrease in donations. This year might be worse. Yes, I hate to be the one to say these things, but I’m also privy to the books and financials for a variety of Skagit County businesses and individuals, and these are just the facts.

Non-Profits 53

Non-Profits CPA tax preparation Tax 53

PYMNTS

NOVEMBER 19, 2020

Wells Fargo is beefing up its digital payments arsenal with a new service aimed at business customers. The financial services giant on Thursday (Nov. 19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. To use the tool, customers electronically send payment instructions, which are routed to the WellsOne Virtual Card Payments service, the release stated.

accountant 124

accountant accounted Account B2B 124

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

Spend Management

xendoo

NOVEMBER 19, 2020

The LLC (limited liability company) is a popular alternative to a sole proprietorship set-up for single-owner businesses. It gives you the same simplified income processing that a sole proprietorship enjoys, plus financial and legal protection similar to a corporation’s. Here’s how the owner’s salary and taxes are handled for a single-member LLC.

Tax 52

Tax payroll tax tax return income tax 52

Withum

NOVEMBER 18, 2020

A client just asked me about terminating his 401k and I think it affects many people, so I am posting my response here (and he is getting free advice from me for this). I answered in sections included.

59

59

SkagitCountyTaxServices

NOVEMBER 19, 2020

A week past the election, and still plenty of disagreement about the results. That means this is another week where you have the opportunity for the other chumps out there to get massively distracted by the political war games … while you go about quietly building your Skagit County business, your team, and your financial outcomes. Only you decide these things.

tax preparation 52

tax preparation CPA Gaming Tax 52

PYMNTS

NOVEMBER 18, 2020

In the accelerated, digital-first world, few things are more complicated than healthcare payments. In fact, even a medical school degree isn’t enough to sort out the different payment accounts, billing statements and various insurance plans. However, chaos invites someone or something than can bring order, and i2c wants to contribute to that effort.

Healthcare 124

Healthcare Technology Start-ups accounted 124

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