Sun.May 07, 2023

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Renting a Home Office to Your Company

CPA Practice

In the not-so-distant past, working primarily from a remote location like your home was a somewhat unusual occurrence. Not anymore. Due to the pandemic, having employees work from home became standard operating procedure. This included small business owners who regularly burn the midnight oil. And the trend has continued even though the pandemic has abated.

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Future Forward 2023: Why You Must Document Before You Can Automate

Insightful Accountant

Cloud Accounting Podcast host David Leary shows you the secret to improving your workflows and saving time. Sign up for the Future Forward webinar today.

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Cannabusiness Tax Liabilities and How to Navigate Filing

CPA Practice

By Samantha Schafer, CPA. Thinking that only dispensaries have to worry about taxes to their cannabusiness? Think again. Entrepreneurs, processors, and cultivators in the cannabis industry may be subject to taxation, and it’s important for them to understand the complexities around their tax implications. That’s because the taxation of enterprises that grow, process, and sell cannabis is far more complicated than a basic business filing.

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The Global State of Small Business Owner Wellbeing

Insightful Accountant

A new report by Xero shines a light on the fiscal and personal pressures of business ownership that entrepreneurs are feeling across seven countries in five continents.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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New Law Launches Military Spouse Credit for Employers

CPA Practice

The tax law provides certain benefits to members of the military. For example, the Tax Cuts and Jobs Act (TCJA) suspended job-related moving expense deductions for taxpayers from 2018 through 2025, but not for military personnel on active duty. Now new legislation enacted at the end of last year, called SECURE 2.0, provides a tax benefit to qualified small businesses aiding military families.

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AICPA Releases Priority Guidance Plan on SECURE 2.0 Act

CPA Practice

The American Institute of CPAs recently submitted a letter to the Department of the Treasury and the Internal Revenue Service (IRS) prioritizing certain provisions of SECURE 2.0 in need of immediate guidance to assist taxpayers with tax compliance. Among the ten recommendations provided in the letter are the following: Section 301, addressing the recovery of retirement plan overpayments, including clarification of how the effective date rules should be applied to certain actions (e.g., overpayme

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