Expert insights. Personalized for you.
If you have an estate plan and also have creditors, you could be a fraud perpetrator — without knowing it or intending to defraud anyone. In some circumstances, creditors can challenge gifts, trusts and other strategies for leaving assets to heirs as fraudulent transfers. MORE
The State Bank of India (SBI) is joining Liink , J.P. Morgan’s peer-to-peer blockchain-based data network, according to a report from The Economic Times. The partnership will help SBI increase the speed of customer transactions, including cross-border payments, and lower the costs. MORE
A number of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2021. Some stayed the same due to low inflation. And the deduction for business meals has doubled for this year after a new law was enacted at the end of 2020. MORE
SHOREVIEW, Minn. --(BUSINESS WIRE)--Feb. 25, 2021-- Deluxe (NYSE: DLX), a Trusted Business Technology™ company, announced today that Barry McCarthy , President and Chief Executive Officer, will present in two upcoming virtual investor conferences. On Tuesday, March 2 , McCarthy will present at the MORE
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401(k) After Retirement or Changing Jobs If you plan to retire or change jobs soon, it’s very important to have a plan for your balance in your current employer’s 401(k) plan. MORE
There are roughly 270 million people living and working in Indonesia today, roughly 92 million of whom do not have bank accounts. That leaves a little over a third (34 percent) of the nation’s population unserved by the banking system. MORE
You may think that if you do not have physical or economic tax nexus in a state, you do not have any tax obligations. However, this may not be the case. MORE
6 min read. Employees are often selected for promotion into leadership positions based on their track record of success in their current position. However, an employee's excellence in one position doesn't necessarily mean they'll make an excellent leader. Leadership MORE
This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “Opportunity Zones and Cost Segregation” by Guest Contributor Artur Babaian. Opportunity Zones are garnering increased interest across the country. MORE
Articles MORE
Many businesses have experienced severe cash flow problems during the COVID-19 pandemic. As a result, some may have delayed or missed loan payments. Instead of filing for bankruptcy in court, delinquent debtors may reach out to lenders about restructuring their loans. MORE
IRS Notice 2021-15 (Feb. 18, 2021). Available at [link]. The IRS has issued a notice clarifying the temporary relief for health FSAs and DCAPs (collectively, FSAs) that was enacted as part of the Consolidated Appropriations Act, 2021 (CAA, 2021) (see our Checkpoint article ). MORE
Expanding Internationally in 2021: Trending Countries, Pandemic Considerations, and More. The global business landscape has changed substantially over the past year, but expansion has not stopped. MORE
Are you behind on your books? Losing track of your expenses? Do you need someone who can help you file your taxes and stay compliant? . MORE
Amazon bestselling author of The President is Dead!, Louis L. Picone will be speaking Sunday morning at 10:00 on Zoom. It is free and a link is below. Blogs MORE
Navigating the ins and outs of US taxes as a US shareholder of a controlled foreign corporation (CFC) has been complex in the last couple of years due to changes in regulations from the IRS. Taxpayers need tax planning to determine the best strategy to mitigate the CFC’s tax liabilities. MORE
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020 individual tax return is due to be filed in less than two months (unless you file an extension). MORE
The post Contractor vs. Employee vs. PEO appeared first on Global Upside. Blog Case Study White Paper MORE
Blockchain and digital currencies continue to garner more attention among corporate finance leaders and their financial service providers, with this week’s Payment Rail Innovation tracker finding financial institutions (FIs) and FinTechs investing more heavily in the infrastructure to facilitate B2B payments. MORE
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2020 income tax return? It depends. MORE
You’ve built a budget and regularly update your forecast of full year results. Great. Now you should add conservative and aggressive forecast scenarios. Companies of every size, but especially startups, Read More. MORE
While traditional banks continue to collaborate with FinTechs and facilitate data integrations to strengthen their product offerings for small- to medium-sized businesses (SMBs), more FinTechs are taking the lead with open banking to strengthen their own value propositions. MORE
QUESTION: Our company’s self-insured group health plan includes coverage for an employee’s spouse but has traditionally excluded same-sex spouses from eligibility. However, we will soon amend the plan to extend eligibility to same-sex spouses. MORE
“Workers will fit into new personas, such as a homesteader, office dweller, and coffee shop traveler, and managers will need to properly manage distributed teams.” ” – Jeff Schwartz, Deloitte Consulting. By now, you have all realized that having a hybrid environment for your workforce will be needed going forward. Some firms have already made great strides and the need will increase once vaccines are available to everyone. MORE
There are different types of bookkeeping services for small businesses. You can handle it all yourself, utilizing software like Quickbooks and Xero; hire a part-time small business bookkeeper; or opt for a full-service bookkeeping service like Xendoo that can handle it all for you. . MORE
As corporates continue to find themselves inspired by surging bitcoin values and a massive crypto haul by Tesla , the digital currency ecosystem is beginning to drum up more interest within the corporate treasury and B2B payments arena. MORE
We’re keeping our powder dry over here at Padgett & Padgett, PLLC CPA, as it relates to the “American Rescue Plan” proposed by Biden. There’s plenty of talk about it … but as of yet, nothing has passed. MORE
Articles Coronavirus MORE
“Communication – the human connection – if the key to personal and career success.” ” – Paul J. Meyer. If you want to enhance employee engagement, it is important to develop human connections. You can offer all kinds of employee benefits but don’t forget the importance of personal relationships. Accountants are not usually the out-going, people-oriented types. They, of course, are better at relationships with their clients, it’s part of the job. MORE
Hammer v. Johnson Senior Ctr., 2020 WL 7029160 (W.D. 2020). When the employee in this case was diagnosed with cancer, she took a medical leave and began treatment. MORE
Full steam ahead for the digital dollar — but no go for bitcoin as (widespread) transaction mechanism? Treasury Secretary Janet Yellen said at a virtual conference held Monday (Feb. 22) by the New York Times that central banks should examine creating and issuing sovereign digital currencies. MORE
Small business bookkeeping services can support you with everything from simple data entry to offering more in-depth tax filing services and business consulting. MORE
M any industry experts believe that as state tax revenues continue to dry up from the economic shutdown and continuing pandemic , state sales tax audits are likely to increase sharply in the coming months. MORE
US citizens living abroad and foreign nationals residing in the US are renouncing their citizenship in a record-breaking fashion. MORE
Government investigations of white collar crimes almost always have one thing in common: They rely heavily on the analysis of financial information. Often, this includes combing through bank statements and credit card statements, as well as scrutinizing accounting records. MORE
RogerRossmeisl
FEBRUARY 26, 2021
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2020 income tax return? It depends.
TaxConnex
FEBRUARY 25, 2021
You may think that if you do not have physical or economic tax nexus in a state, you do not have any tax obligations. However, this may not be the case.
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BurklandAssociates
FEBRUARY 22, 2021
You’ve built a budget and regularly update your forecast of full year results. Great. Now you should add conservative and aggressive forecast scenarios. Companies of every size, but especially startups, Read More.
GlobalUpside
FEBRUARY 22, 2021
The post Contractor vs. Employee vs. PEO appeared first on Global Upside. Blog Case Study White Paper
PYMNTS
FEBRUARY 23, 2021
At Square , it’s getting hard to separate bitcoin from dollars. The company’s fourth-quarter financials reported on Tuesday (Feb.
RogerRossmeisl
FEBRUARY 24, 2021
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020 individual tax return is due to be filed in less than two months (unless you file an extension).
TaxConnex
FEBRUARY 23, 2021
M any industry experts believe that as state tax revenues continue to dry up from the economic shutdown and continuing pandemic , state sales tax audits are likely to increase sharply in the coming months.
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Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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GlobalUpside
FEBRUARY 22, 2021
Expanding Internationally in 2021: Trending Countries, Pandemic Considerations, and More. The global business landscape has changed substantially over the past year, but expansion has not stopped.
PYMNTS
FEBRUARY 23, 2021
The State Bank of India (SBI) is joining Liink , J.P. Morgan’s peer-to-peer blockchain-based data network, according to a report from The Economic Times. The partnership will help SBI increase the speed of customer transactions, including cross-border payments, and lower the costs.
RogerRossmeisl
FEBRUARY 23, 2021
A number of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2021. Some stayed the same due to low inflation. And the deduction for business meals has doubled for this year after a new law was enacted at the end of 2020.
KROST
FEBRUARY 23, 2021
Navigating the ins and outs of US taxes as a US shareholder of a controlled foreign corporation (CFC) has been complex in the last couple of years due to changes in regulations from the IRS. Taxpayers need tax planning to determine the best strategy to mitigate the CFC’s tax liabilities.
SkagitCountyTaxServices
FEBRUARY 24, 2021
We’re keeping our powder dry over here at Padgett & Padgett, PLLC CPA, as it relates to the “American Rescue Plan” proposed by Biden. There’s plenty of talk about it … but as of yet, nothing has passed.
CapataCPA
FEBRUARY 26, 2021
401(k) After Retirement or Changing Jobs If you plan to retire or change jobs soon, it’s very important to have a plan for your balance in your current employer’s 401(k) plan.
PYMNTS
FEBRUARY 22, 2021
Full steam ahead for the digital dollar — but no go for bitcoin as (widespread) transaction mechanism? Treasury Secretary Janet Yellen said at a virtual conference held Monday (Feb. 22) by the New York Times that central banks should examine creating and issuing sovereign digital currencies.
RogerRossmeisl
FEBRUARY 22, 2021
If you have an estate plan and also have creditors, you could be a fraud perpetrator — without knowing it or intending to defraud anyone. In some circumstances, creditors can challenge gifts, trusts and other strategies for leaving assets to heirs as fraudulent transfers.
KROST
FEBRUARY 24, 2021
US citizens living abroad and foreign nationals residing in the US are renouncing their citizenship in a record-breaking fashion.
xendoo
FEBRUARY 24, 2021
There are different types of bookkeeping services for small businesses. You can handle it all yourself, utilizing software like Quickbooks and Xero; hire a part-time small business bookkeeper; or opt for a full-service bookkeeping service like Xendoo that can handle it all for you. .
PYMNTS
FEBRUARY 25, 2021
Blockchain and digital currencies continue to garner more attention among corporate finance leaders and their financial service providers, with this week’s Payment Rail Innovation tracker finding financial institutions (FIs) and FinTechs investing more heavily in the infrastructure to facilitate B2B payments.
Marlogin,Winer&Evens
FEBRUARY 23, 2021
During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income.
KROST
FEBRUARY 23, 2021
This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “Opportunity Zones and Cost Segregation” by Guest Contributor Artur Babaian. Opportunity Zones are garnering increased interest across the country.
xendoo
FEBRUARY 24, 2021
Small business bookkeeping services can support you with everything from simple data entry to offering more in-depth tax filing services and business consulting.
Withum
FEBRUARY 23, 2021
Articles Coronavirus
PYMNTS
FEBRUARY 25, 2021
There are roughly 270 million people living and working in Indonesia today, roughly 92 million of whom do not have bank accounts. That leaves a little over a third (34 percent) of the nation’s population unserved by the banking system.
Marlogin,Winer&Evens
FEBRUARY 22, 2021
Many businesses have experienced severe cash flow problems during the COVID-19 pandemic. As a result, some may have delayed or missed loan payments. Instead of filing for bankruptcy in court, delinquent debtors may reach out to lenders about restructuring their loans.
ThomsonReuters
FEBRUARY 25, 2021
Hammer v. Johnson Senior Ctr., 2020 WL 7029160 (W.D. 2020). When the employee in this case was diagnosed with cancer, she took a medical leave and began treatment.
xendoo
FEBRUARY 24, 2021
Are you behind on your books? Losing track of your expenses? Do you need someone who can help you file your taxes and stay compliant? .
RitaKeller
FEBRUARY 26, 2021
“Communication – the human connection – if the key to personal and career success.” ” – Paul J. Meyer. If you want to enhance employee engagement, it is important to develop human connections. You can offer all kinds of employee benefits but don’t forget the importance of personal relationships. Accountants are not usually the out-going, people-oriented types. They, of course, are better at relationships with their clients, it’s part of the job.
PYMNTS
FEBRUARY 24, 2021
As corporates continue to find themselves inspired by surging bitcoin values and a massive crypto haul by Tesla , the digital currency ecosystem is beginning to drum up more interest within the corporate treasury and B2B payments arena.
Withum
FEBRUARY 24, 2021
Amazon bestselling author of The President is Dead!, Louis L. Picone will be speaking Sunday morning at 10:00 on Zoom. It is free and a link is below. Blogs
Deluxe
FEBRUARY 25, 2021
SHOREVIEW, Minn. --(BUSINESS WIRE)--Feb. 25, 2021-- Deluxe (NYSE: DLX), a Trusted Business Technology™ company, announced today that Barry McCarthy , President and Chief Executive Officer, will present in two upcoming virtual investor conferences. On Tuesday, March 2 , McCarthy will present at the
ThomsonReuters
FEBRUARY 25, 2021
QUESTION: Our company’s self-insured group health plan includes coverage for an employee’s spouse but has traditionally excluded same-sex spouses from eligibility. However, we will soon amend the plan to extend eligibility to same-sex spouses.
RitaKeller
FEBRUARY 25, 2021
“Workers will fit into new personas, such as a homesteader, office dweller, and coffee shop traveler, and managers will need to properly manage distributed teams.” ” – Jeff Schwartz, Deloitte Consulting. By now, you have all realized that having a hybrid environment for your workforce will be needed going forward. Some firms have already made great strides and the need will increase once vaccines are available to everyone.
PYMNTS
FEBRUARY 23, 2021
While traditional banks continue to collaborate with FinTechs and facilitate data integrations to strengthen their product offerings for small- to medium-sized businesses (SMBs), more FinTechs are taking the lead with open banking to strengthen their own value propositions.
FraudFiles
FEBRUARY 25, 2021
Government investigations of white collar crimes almost always have one thing in common: They rely heavily on the analysis of financial information. Often, this includes combing through bank statements and credit card statements, as well as scrutinizing accounting records.
ThomsonReuters
FEBRUARY 25, 2021
IRS Notice 2021-15 (Feb. 18, 2021). Available at [link]. The IRS has issued a notice clarifying the temporary relief for health FSAs and DCAPs (collectively, FSAs) that was enacted as part of the Consolidated Appropriations Act, 2021 (CAA, 2021) (see our Checkpoint article ).
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