Tue.Oct 11, 2022

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Pros and Cons of Direct Deposit

Patriot Software

There are a few different payment options you can offer your employees. Direct deposit is one popular choice for both employees and employers. Before implementing it at your business, weigh the pros and cons of direct deposit. What is direct deposit? Direct deposit is an electronic funds transfer (EFT), meaning money can be transferred from […] READ MORE.

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In telecom case, fault is with the company – not the third-party provider

TaxConnex

A proposed penalty from the Federal Communication Commission shows the danger of a hire-and-forget attitude toward a third-party for tax compliance. The FCC has proposed a $153,000 penalty against a Florida-based telecom provider that had outsourced its compliance tasks. The FCC alleges that the company failed: to cooperate with the revenue reporting verification functions (i.e., “contributor audits”) by the Universal Service Administrative Company?

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How Many Types of Work Shifts Does Your Small Business Need?

Patriot Software

To operate your business, you may need employees working varied hours in the day. Some industries and positions require different types of work shifts outside typical business hours. What shifts do you need employees to work in your small business? Types of work shifts Your business’s work shifts may depend on factors like your industry, […] READ MORE.

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Late filers face higher interest rates and renewed penalties

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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State Income Taxes for Out of State Employees

Patriot Software

Each state’s income taxes are different. Some states have low taxes, some have high taxes, and some states don’t have income taxes at all. State income taxes get even more complicated when you have an employee who lives and works in different states, works from home in a state where your business isn’t located, or […] READ MORE.

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Live from Sage Transform 2022 – Customer Awards

Intuitive Accountant

Murph reports on the companies recognized with the '2022 Customer Hero and Industry Success Awards.

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The Making Tax Digital for VAT portal is closing. Here’s what it means for small businesses

Xero

Close the door, pull down the shutters. The time has come. HMRC is closing the old VAT online portal on November 1. You may have recently received an email from HMRC explaining that VAT-registered businesses will no longer be able to use this gateway to file monthly or quarterly VAT returns. Instead, you’ll need to submit them through Making Tax Digital (MTD)-compatible software. .

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What Is a Workweek?

Patriot Software

Let’s say your employees come to work Monday through Friday. They don’t work at all on Saturday and Sunday. Monday through Friday is their workweek, right? Not when it comes to the Fair Labor Standards Act (FLSA) and your payroll. For payroll, there are no such things as business days and weekends. Every day must […] READ MORE.

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SEC reopens comments for 11 proposals in wake of tech error

Accounting Today

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What Is Holiday Pay?

Patriot Software

Holidays are normally times of joy and showing kindness to others. When a holiday occurs, you might want to share holiday cheer with your employees in the form of compensation. Holiday pay can come in a couple of forms, and it often depends on if employees work on the holiday. What is holiday pay? There […] READ MORE.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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GT's new fraud tool leverages library of possible schemes

Accounting Today

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How and Why to Make an Employee Pay Adjustment

Patriot Software

Sometimes you need to change an employee’s pay—for good or bad. You must do certain things to ensure a smooth adjustment of the employee’s wages. Before you change an employee’s wages, make sure you understand pay adjustments and how to make them. What is a pay adjustment? A pay adjustment is a change in an […] READ MORE.

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Sage, MLB Partner on Multi-Year Sponsorship Deal

Intuitive Accountant

The first North American sports partnership ushers in a new opportunity for the global tech company.

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Is Unlimited Paid Time Off Right for Your Business?

Patriot Software

Paid time off (PTO) is a benefit employers sometimes offer to their employees. PTO can include leave for vacations or personal days. Offering PTO is not federally mandated in the Fair Labor Standards Act (FLSA), but there are some state-mandated paid sick leave laws. Many businesses still offer some form of PTO. Many companies simply […] READ MORE.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Labor Department moves to change independent contractor classification

Accounting Today

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What Is Unemployment Insurance?

Patriot Software

When an employee becomes unemployed at no fault of their own, that worker can receive a small amount of money to help them make ends meet during unemployment. That money comes from unemployment insurance. Unemployment insurance is funded by payroll taxes. Unemployment insurance is something you should have a basic understanding of as a business […] READ MORE.

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Economy, IRA to impact EOY client conversations

Accounting Today

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5 Basic Payroll Tips to Start the Year Out Right

Patriot Software

Each new year is a chance for new beginnings. And at the start of the year, you want to get your payroll right. Whether you are a seasoned employer or running your first payroll, there are always things to learn and do. Read on for payroll tips to start your year out right. 5 Payroll […] READ MORE.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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What Rates Should You Expect to Pay for Accounting Services?

AccountingDepartment

Members of the ADC Team at the 2022 Strategy Meeting in Orlando, FL.

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What Is Compensatory Time Off?

Patriot Software

It’s essential for your employees to have time away from work. They need to spend time with their families and follow their interests. And, rested employees will perform better than tired, burned-out employees. Your employees value their time, and you should value it, too. When employees work extra hours, you might want to give them […] READ MORE.

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Efficiency. Visibility. Cost Savings.

Intuitive Accountant

MineralTree announces multi-currency invoice processing and international payments for Sage Intacct users.

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What Is Workers’ Compensation Insurance?

Patriot Software

No matter what type of business you run, there’s a chance employees could get hurt or sick. They might slip on a wet floor, fall off a ladder, cut themselves with a blade, or get in a car accident while running a business errand. Because your employees can become hurt or sick in numerous ways, […] READ MORE.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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9 GST Amendment effective from 1st October 2022 | Finance Act, 2022

VJM Global

Finance Act , 2022 introduced various amendments under GST Law. However, most of the amendments were not implemented till date. Now, with effect from 1st October 2022, the following amendments are made applicable. 1. Due date of claiming ITC extended and Only eligible ITC can be claimed- Amendment in Section 16 (Section 100 of the Finance Act, 2022). 1.1 Extended due date of claiming ITC.

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What Is a Reasonable Accommodation?

Patriot Software

A reasonable accommodation is an adjustment or modification an employer provides to a person with a disability to make sure they have equal access to employment opportunities. Reasonable accommodations are an important aspect of the Americans with Disabilities Act (ADA), a federal civil rights law. The ADA was enacted to prevent discrimination and help individuals […] READ MORE.

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Credit Suisse faces new U.S. tax probe

Accounting Today

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The Basics of Schedule SE

Patriot Software

If you are a small business owner who earns self-employment income from your business, you must pay self-employment tax. Like all taxes, there is a specific form to calculate and file self-employment tax. Do you know what form to use for self-employment tax? You need IRS Schedule SE. Find out what you need to know […] READ MORE.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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The next big fintech trend is tax planning

Accounting Today

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What Is the Bonus Tax Rate?

Patriot Software

Picture your star employees and how much value they add to your business. Many employers recognize their employees’ value with bonus pay. When you give an employee a bonus, you are required to withhold taxes on the additional money. To figure out how much to withhold, you need to understand the bonus tax rate. Supplemental […] READ MORE.

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Press Release: KROST Acts as Exclusive Financial Advisor for American Range in Sale to Hatco

KROST

Los Angeles, California – American Range, a privately held manufacturer of commercial and residential cooking appliances, was sold to Hatco, an employee-owned manufacturer of warming, cooking, sanitizing, and cooling equipment. KROST CPAs & Consultants acted as the exclusive financial advisor to American Range in its transaction to Hatco Corporation.

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What You Need to Know About Rehiring Former Employees

Patriot Software

Sometimes, you lose great employees. An employee could accept a new job offer, retire, be laid off, or move away. Whatever the case may be, there might come a time when you consider rehiring former employees. Read on to learn about the pros and cons of rehiring former employees. And, if you decide to rehire […] READ MORE.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.