PANALITIX
SEPTEMBER 9, 2021
RESOURCES / ARTICLES. It’s a Good Time to be a Good Listener…. If you really want to help clients, just listening to them is not enough. You need to ‘hear’ what they are communicating, which takes empathy and energy. This concept is very well-explained by a Panalitix client based on his own experience. For more on Effective Listening, read on…. We work with many accountants trying to sell ADVISORY services to clients.
xendoo
SEPTEMBER 8, 2021
On the heels of Covid lockdowns and quarantine, we are seeing unprecedented levels of interest in business ownership with much of this interest coming through the avenue of franchising. Year-to-date, our client placements have increased well over 50% vs. 2020, which despite Covid, saw similar levels of expansion over 2019. The vast majority of these placements have come in industries outside of food and lodging, which we will touch on later.
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RogerRossmeisl
SEPTEMBER 6, 2021
Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and the coverage is higher than $50,000, there may be undesirable income tax implications. Tax on income you don’t receive The first $50,000 of group term life insurance coverage that your employer provides is excluded from taxable income and doesn’t add anything to your income tax bill.
TaxConnex
SEPTEMBER 7, 2021
In real estate they say, “Location! Location! Location!” Same is true for sales tax – except the word can have different meanings. For example, when it comes to sales tax, do you need to follow “destination-based” or “origin-based” rules? Right to the source “Sourcing” is important when you determine your sales tax obligations. Sourcing refers to the location where a sale is taxed.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
BurklandAssociates
SEPTEMBER 7, 2021
(This article is Part II of SaaS Metrics Simplified. Also see Part I, Launch Metrics.) To truly understand your SaaS company’s performance, you need to go beyond standard financial metrics, Read More. The post SaaS Metrics Simplified, Part Two: Optimize & Scale appeared first on Burkland.
ThomsonReuters
SEPTEMBER 9, 2021
QUESTION: We understand that the COBRA premium subsidy is set to expire on September 30, 2021. Does this mean the subsidy will be cut off on that date regardless of a plan’s COBRA billing cycle? ANSWER: In general, the COBRA premium subsidy for an assistance eligible individual (AEI) ends on the earliest of (1) the end of the AEI’s maximum COBRA coverage period; (2) the first month after the AEI becomes eligible for other disqualifying health coverage; or (3) September 30, 2021 (the end of the
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
xendoo
SEPTEMBER 10, 2021
As a small business owner, your time is best spent on the revenue-generating features of your business— not hunched over a computer screen scrolling through QuickBooks! . Thankfully, a reliable bookkeeping solution is just a click away. What should you look for in an accounting or bookkeeping service? Today, we’ll highlight five of the best small business bookkeeping service solutions.
Withum
SEPTEMBER 8, 2021
Many people with investments have them spread over a number of accounts with multiple designations, which I call silos. The problem is that the silos sometimes become impenetrable walls. Here is how to handle this.
GrowthForceBlog
SEPTEMBER 10, 2021
7 min read. It’s a fact! If you aren’t prioritizing workplace diversity and equity in your organization, you’re missing out on higher revenues, innovation, and stronger talent acquisition opportunities.
RogerRossmeisl
SEPTEMBER 6, 2021
If you’re a business owner and you’re getting a divorce, tax issues can complicate matters. Your business ownership interest is one of your biggest personal assets and in many cases, your marital property will include all or part of it. Tax-free property transfers You can generally divide most assets, including cash and business ownership interests, between you and your soon-to-be ex-spouse without any federal income or gift tax consequences.
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
xendoo
SEPTEMBER 10, 2021
Every small business owner should have access to an accountant. A small business accountant can provide guidance at every stage of your company’s development, and they can be invaluable when it comes to tax preparation, succession planning, and more. An online accountant can also deliver these services at a price that fits the limited budget of modern business owners. .
ThomsonReuters
SEPTEMBER 9, 2021
IRS Information Letters 2021-0008 (May 11, 2021) and 2021-0014 (April 16, 2021). Letter 2021-0008. Letter 2021-0014. The IRS has released two information letters that provide general information about health savings accounts (HSAs) and high-deductible health plans (HDHPs). The first responds to an inquiry on behalf of an HSA account holder who claimed that his employer overcontributed to his HSA, and that the custodian of his HSA mismanaged the HSA and failed to provide a corrected Form 5948-SA.
AccountingDepartment
SEPTEMBER 9, 2021
It almost comes without saying that being proactive to growth will better position a company in the long run. However, many companies are not equipped to handle rapid and unexpected growth until it hits and then they are left scrambling. Getting comfortable with a dated or incapable business management system is an easy way for a company to get lost within their own band-aids and adapt to the shortcomings of the system itself.
RogerRossmeisl
SEPTEMBER 6, 2021
As posted to the John Stossel YouTube Channel on 6/1/21 Run time: (4 minutes, 30 seconds) Do you get frustrated when you’re the only car stopped at a traffic signal? John Stossel aims to show that roundabouts are a solution to that, and more. In an interview with Carmel, Indiana mayor Jim Brainard, the mayor explains that roundabouts are safer, they save lives, and they cost less. and to prove that he’s put his money where his mouth. he’s replaced nearly every stoplight in his town
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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.
RitaKeller
SEPTEMBER 8, 2021
“A well-written cover letter can be the difference between winning or losing a job opportunity.” – Larry Sheftel, Apr io. It is always great to be featured in The Journal of Accountancy. Thank you to Teri Saylor for contacting me to discuss the power, lack of power, and use of cover letters for resumes. Do you expect a cover letter when someone submits a resume?
LSLCPAs
SEPTEMBER 10, 2021
Large and Small Plans and a Handy Checklist! Administering a retirement plan carries a fiduciary responsibility for the employer. For those stakeholders (it’s your retirement, too), monitoring the plans quarterly is just good business. Two main benefits of quarterly 401(k) monitoring FIRST BENEFIT The participants gain from having the sponsor monitor their plan benefits on.
AccountingDepartment
SEPTEMBER 7, 2021
Creating an invoice the right way is important for two reasons. Businesses need to send invoices to get paid, and entering the sale tracks revenue for accounting purposes. Here's how to do it.
RogerRossmeisl
SEPTEMBER 6, 2021
In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter where you live, unexpected disasters may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act (TCJA), eligible casualty loss victims could claim a deduction on their tax returns. But there are now restrictions that make these casualty loss tax deductions harder to take.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
SkagitCountyTaxServices
SEPTEMBER 9, 2021
The phone rings in the middle of the night and a voice says your office is on fire. Early on a long weekend, that old pipe in the back finally bursts and no one will see the water for days. Or suddenly the Weather Channel’s saying a hurricane is barreling in your city’s direction. Oh, it’s always the other guy, you say? Ask the folks in Louisiana and Mississippi this week, or those out West most of this summer.
MazumaBusinessAccounting
SEPTEMBER 9, 2021
Entrepreneurs and small business owners are good at wearing multiple hats. They’re the marketing department, the production assistant, the CEO, the customer service rep, and much more. If you’ve been in business long, odds are you’ve learned quite a bit about finances (or you want to) and you might have even gotten pretty savvy at handling your books.
ThomsonReuters
SEPTEMBER 9, 2021
IRS Notice 2021-52 (Sept. 3, 2021). Available at [link]. The IRS has announced the special per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2021. Employers using these rates to set per diem allowances can treat the amount of certain categories of travel expenses as substantiated without requiring that employees prove the actual amount they spent.
RogerRossmeisl
SEPTEMBER 6, 2021
Before the COVID-19 pandemic, most fraud investigations took place in the office or other work facility. This made it easy for investigators to gather and analyze data and interview suspects and witnesses in a face-to-face setting. But if your company allows employees to work from home — either temporarily or permanently — you may need to conduct a remote fraud investigation.
Advertiser: Paycor
Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.
FraudFiles
SEPTEMBER 9, 2021
On Tuesday, Milwaukee Alderwoman Chantia Lewis was charged with 4 felonies and 1 misdemeanor related to misconduct in public office, embezzlement, fraud, and campaign finance violations. Her attorneys say this situation is just about “accounting errors.” The detailed criminal complaint includes compelling evidence, however. The total Ms.
CalCPA
SEPTEMBER 7, 2021
CalCPA Council annually nominates candidates to serve as trustees of CalCPA Health (The Group Insurance Trust of the California Society of CPAs). Additionally, The post CalCPA BUZZ: CalCPA Health Trust Nominations Open appeared first on Hot Topics.
RitaKeller
SEPTEMBER 7, 2021
“You’re going to have to define the kind of customers you want, which is much easier if you’re niched.” – Ron Baker. Ron Baker has been talking about value pricing since 1994. You have read his books and heard him speak many times. In a recent article, he makes the case for subscription pricing. We are keenly aware of subscription pricing.
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Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.
FraudFiles
SEPTEMBER 8, 2021
You’ve heard news stories involving Ponzi schemes. Investment scams and Ponzi schemes are all too common, even thought consumers are warned about them regularly. Investors are lured in with promises of high returns. People in or nearing retirement find these investments enticing, especially as their retirement funds in the stock market have taken many hits in the last few years.
MyIRSRelief
SEPTEMBER 6, 2021
This article is for business owners who need emergency bookkeeping, accounting services to catch up on back years and unprepared books. Many Whittier, Los Angeles, Orange County, and other businesses find themselves at a critical time financially due to Covid-19. The only true way to survive is to realize that you need professional CPA, EA help, finding the right help is the key.
RitaKeller
SEPTEMBER 9, 2021
“Leave something for someone but don’t leave someone for something.” – Enid Blyton. Are you always doing exit interviews with staff? Do you know for sure why people are leaving your firm? There are times when someone gives notice, you and their peers are all thinking, “Thank goodness!” That should never be the case!
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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.
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