Fri.Feb 04, 2022

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Managing Payroll Mistakes in Your Organization

Accountant Advocate Submitted Articles

Payroll is a complex business function that comes with minutia, and as businesses grow, payroll can get harder to manage. Avoid these expensive mistakes in your payroll.

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Your Guide To The 5 Stages of Business Growth

GrowthForceBlog

7 min read. At a glance, one might think that – due to their different products, services, people, ideas, and industries – all small businesses are too different to arrange into any particular categories.

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How to Support Prospective CPAs at Your Firm

Accounting Web

Team How to Support Prospective CPAs at Your Firm.

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Lost Accounting Data – Emergency Plan for Limited Company Contractors

Cheap Accounting

Some times accountancy data can be lost. While efforts are made to recover the data deadlines may be approaching or may have even past. Reasonable Excuses. It’s worth knowing that HMRC may accept a reasonable excuse where your returns are filed late. They say that “a reasonable excuse is something that stopped you meeting a tax obligation that you took reasonable care to meet”.

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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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No Complaining – Friday Flashback

RitaKeller

“You don’t make progress by standing on the sidelines, whimpering and complaining. You make progress by implementing ideas.” – Shirley Chisholm. I read a quote about spending time with people who complain and gossip. It inspired this flashback post from January 2020 – Tax Season Is Not Complaining Season. I hope it doesn’t sound like your firm!

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New 1099 Rules

Dent Moses

Section 9674 of the American Rescue Plan (HR 1319) added a requirement that payment processors and online marketplaces send sellers a form 1099K if their annual activity exceeds $600. The idea is to provide additional information to the IRS to allow them to catch tax cheats in the gig economy. Sounds reasonable. The problem is that there are many casual sellers who probably owe no tax that are going to have additional reporting requirements that may be onerous.

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