ThomsonReuters

JULY 1, 2022

In a previous edition of the Certified Payroll Professional (CPP) Corner, we talked about gross ups. In Payroll Guide ¶4115 , we discuss the IRS’s formula for completing a gross up. Here’s how such a gross up would look: Step 1. Gross ups. Previous question. 500 ÷ 70.35% = $710.73.

payroll 83

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CPA Practice

OCTOBER 31, 2023

This article first appeared on the Thomson Reuters blog. used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). in the hiring process may “run the risk of violating existing civil rights laws” unless certain precautionary measures are taken. Used with permission.

Legal 116

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CPA Practice

FEBRUARY 15, 2023

You may not file Form W-4 with the IRS, but your payroll depends on it. Employers use Form W-4 to determine how much to withhold from an employee’s gross wages for federal income tax. This article first appeared on the Patriot Software blog.] Continue reading at the Patriot Software payroll blog.

income tax 130

income tax payroll Tax payroll tax 130

Xero

MARCH 13, 2024

We know end of financial year is a busy time, so we’ve prepared a quick 10-step checklist to help you cover your bases at the end of FY24 and start the new financial year off strong. You may want to consult an accountant or bookkeeper for this step. If you’re using Xero, there’s apps in the Xero App Store that can help with this too.

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ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

payroll 52

payroll Tax Technology payroll tax 52

Nancy McClelland, LLC

JANUARY 18, 2024

It seems that for 2023, Gusto has slightly changed the details for how they handle distribution of 1099 and W-2 forms — and so that no one ends up without a copy of their important documents, I am sharing the step-by-step process that we went through for our own firm, in hopes that it helps you manage it in your own small business.

payroll 52

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ThomsonReuters

JULY 25, 2023

Overpayments and repayments are two of the most common anomalies that could complicate year-end and W-2 processing. Now is a great time to sort out any potential difficulties. Overpayments and repayments in the current year Overpayments and repayments in subsequent years Preventing tax overpayments What is an overpayment on taxes?

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ThomsonReuters

SEPTEMBER 22, 2023

used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). Recently, Checkpoint Payroll Update spoke with John L. tools for hiring workers.

Legal 52

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ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

payroll 40

payroll Tax Technology payroll tax 40

ThomsonReuters

APRIL 26, 2022

4 key steps to evaluate and improve your firm’s tax and accounting software. 4 key steps to evaluate and improve your firm’s tax and accounting software. Here are four steps you can take today to start improving your accounting system and building a more efficient and streamlined business.

accounting software 98

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ThomsonReuters

DECEMBER 6, 2023

Finally, the IRS ordered an immediate stop to new ERC processing in September 2023, noting that ERC promoters can collect a contingency fee of up to 25% of the refund. However, while the ERC served as a valuable support mechanism, it has also raised concerns about abuse when it comes to accurate claims for the credit.

tax preparation 105

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ThomsonReuters

FEBRUARY 28, 2024

Alicia Shaul ’s path to accounting was less than traditional. As an undergrad, she majored in political science and pre-law. She decided to skip law school and instead took a job as a bookkeeper, finding her chosen profession and going back to school to earn her CPA. This strengthened her desire  to have her own firm.

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Nancy McClelland, LLC

DECEMBER 28, 2022

As anyone who’s worked with me — clients, team members, colleagues, vendors — knows, I adore Gusto Payroll. They truly changed my life for the better (not to mention the lives of thousands of small business owners) when they decided to create a tech-forward payroll company that seamlessly syncs with QuickBooks Online.

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ThomsonReuters

SEPTEMBER 7, 2023

Prepare for the future of accounting with Thomson Reuters Practice Forward® How to turn transactions into connections In today’s economic landscape, roles are constantly shifting and evolving to meet the demands of compliance frameworks, changes in tax laws , and the expectation of more data on demand.

Account 59

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Xero

JUNE 2, 2022

Based on the findings from Xero’s latest report, Where opportunity lies: Australia’s new small business boom , created in partnership with Accenture, we dug deep into what’s next for small businesses and advisors, from growth industries to how more and more firms are embracing digitalisation. . Here’s just some of what we covered.

bookkeeping 87

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Xero

JULY 31, 2022

We have also changed the name of ‘My Payroll’ to ‘Xero Me’, aligning it with the mobile app that has been enhanced to empower employees to track their own start and end times. It has been an exciting, bumper month for Xero! New features. Make the switch to new reports — Global. We’re retiring the older versions of our reports in Xero.

payroll 84

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ThomsonReuters

NOVEMBER 8, 2022

But how do you take full advantage of technology to streamline accounting processes? . While there are many options out there to help you connect the dots and streamline your accounting processes, let’s take a step-by-step look at where to start and how to maximize your firm’s potential with technology. .

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ThomsonReuters

SEPTEMBER 2, 2021

Here is a brief summary of the typical process: Initial Document Request. The investigator may arrange to visit the plan sponsor’s offices and may request that additional documents be made available for review during the visit, such as payroll and claims processing records. An investigation usually follows a predictable path.

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ThomsonReuters

APRIL 18, 2023

The question then becomes: how? To assist today’s firms, this article will provide an overview of some of the top accounting issues firms face and the solutions that can help them tip the scale in their favor. . — And today, many public companies are rethinking their processes and technology to ensure long-term sustainability.

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Account accountant accounted Technology 52

Xero

AUGUST 17, 2022

This guest blog post is written by Jaclyn Anku who runs Community & Education for the HR and payroll platform Gusto. And you can embed that in your entire hire-to-retire process by taking a proactive role in intentionally shaping each phase of the employee journey. . And in that way, it’s not really all that abstract.

Healthcare 81

Healthcare bookkeeping Education payroll 81

LyfeAccounting

NOVEMBER 25, 2020

?. Today, we’ll talk about how to apply for PPP Loan Forgiveness. So now, with the covered period ending for many small businesses, the question is, “How exactly do I go about getting the PPP Loan Forgiveness?”. And in this post, I’m going to go over the exact steps that we are taking to get our PPP Loan Forgiven.

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payroll accounting and finance cpas bookkeeping 52

5 Minute Bookkeeping

OCTOBER 28, 2021

Whether you’re just starting out as a bookkeeper, or you’ve been doing bookkeeping for a long time, I want to share my insights and experience on how to work virtually with bookkeeping clients. Click on the video link below to watch: How to work virtually with bookkeeping clients. A monthly bookkeeping process.

bookkeeping 52

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ThomsonReuters

FEBRUARY 8, 2022

With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you. How do you begin to know the best way to win new tax clients and retain your existing client base? 2) Stand out from the competition.

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Xero

APRIL 11, 2023

We know how important this kind of work is to your business or practice. Gone are the days when you need to sit at the desk to get those pesky admin jobs done. With our suite of mobile apps, you have real-time information about your business or practice at your fingertips, and can tick off those smaller tasks on the go.

bookkeeping 98

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Nancy McClelland, LLC

MARCH 9, 2023

In this YouTube video , I demonstrate how to use the AICPA RRF tracker tool for SBA reporting. Sample email from SBA regarding the initial RRF year-end reporting Spoiler alert: the process takes more than 5 minutes. A substitute Restaurant Revitalization Tax Credit bill is currently languishing.) It can easily take an hour or more.

Non-Profits 52

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ThomsonReuters

MAY 4, 2023

Not only that, but investing in quality payroll solutions can save businesses time, money, and resources. How do you know you are lacking in client scope? How do you know you are lacking in client scope? How do you define a successful scope agreement?

cpa firm 96

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ThomsonReuters

MAY 6, 2022

I’m joined once again by Paul Miller, CPA from Business by Design , to talk about how best to use tools in a way that optimizes staff productivity. Ask your employees, “What if you had zero data entry to do in payroll or bookkeeping and you had that 10 hours a week to do something else to help our customers?

Technology 95

Technology bookkeeping Start-ups payroll 95

LyfeAccounting

AUGUST 3, 2021

The SBA recently launched a direct PPP loan forgiveness portal in an effort to streamline the loan forgiveness process. This means once the funds were received, you could apply for forgiveness and not have to pay any of the loan back, if the funds were used for payroll and other qualifying business expenses. PPP Overview.

payroll 52

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ThomsonReuters

FEBRUARY 14, 2022

Understanding your company culture is a useful step in finding a new accountant who is the right fit for your firm. With different tax, accounting, and payroll software and solutions , you need to find employees who are familiar with and comfortable working with various systems. Company culture. Job requirements. Communication.

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ThomsonReuters

SEPTEMBER 8, 2023

Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables. Jump to: What are the main types of business ownership?

income tax 75

income tax Tax Legal tax return 75

Snyder

JANUARY 8, 2023

This article answers the questions for anyone curious about how to start a dropshipping business: What is dropshipping? How does it work? How can you find a dropshipping niche? How to start making money with dropshipping business? How to grow your business? How does dropshipping business work? Are you in?

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E-commerce Non-Profits Start-ups Maine 98

Snyder

NOVEMBER 17, 2022

No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. Are accounting blogs only for accountants? What’s a great accounting blog?

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ThomsonReuters

APRIL 15, 2021

But all need to rethink how they operate, including their financial infrastructure and workforce. Now is the time for leaders to determine how their firm will approach this new reality and what their firm will look like five years from now. How CPA firms can help businesses at various stages that are seeking help to evolve.

cpa firm 96

cpa firm accounting and finance CPA audit 96

ThomsonReuters

JUNE 15, 2021

From payroll to bookkeeping to tax questions, I realized that there was so much need for the knowledge and experience I had gained,” says Angie. From payroll to bookkeeping to tax questions, I realized that there was so much need for the knowledge and experience I had gained,” says Angie. You have the experience.

cpa firm 98

cpa firm tax return CPA Non-Profits 98

LyfeAccounting

JANUARY 19, 2021

Well we finally got it folks and things have changed a little bit this time around so I want to cover some of these changes a nd give you some tips on how you can secure the loan as fast as possible. How to Get the New PPP Loan 2021. Step #1: Make sure you qualify. Step #2: You must provide your documentation.

payroll 52

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ThomsonReuters

AUGUST 3, 2021

From payroll to bookkeeping to tax questions, I realized that there was so much need for the knowledge and experience I had gained,” says Angie. It may seem counterintuitive but being honest with yourself about what you don’t know is a key step in gaining confidence as a business owner. Know your value. Be honest with yourself.

CPA 52

CPA tax preparation Tax Start-ups 52

ThomsonReuters

MAY 4, 2023

Not only that, but investing in quality payroll solutions can save businesses time, money, and resources. How do you know you are lacking in client scope? How do you know you are lacking in client scope? How do you define a successful scope agreement?

cpa firm 59

cpa firm CPA cpas payroll 59