Fri.Oct 14, 2022

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What Is the Fair Credit Reporting Act?

Patriot Software

Before hiring a new employee, employers typically run background checks, or consumer reports, on the individual. The consumer report can reveal information like the applicant’s criminal and public records, as well as their credit report. But before looking into an individual’s credit, you need to know about the Fair Credit Reporting Act. What is the […] READ MORE.

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Tips for Relocating Your Small Business

VetCPA

Is your business thinking of moving to a new location? No need to worry, we got you covered with some tips for the journey! Why are you relocating? It’s important that you first consider why it is necessary to change your location. If you’re certain about the move, you should be able to fully answer the following questions. Are you moving for a new market to give you more opportunity than your previous one?

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Do Employers Have to Give Pay for Jury Duty Leave?

Patriot Software

When an employee is called to serve on a jury, it can be a strain on your business. You might need to adjust schedules to fill the employee’s absence. Product creation or services might be disrupted. When your employee is fulfilling their civic duty, your business doesn’t stop. But, when an employee is on jury […] READ MORE.

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Anders Named a Top Privately Held Company in St. Louis

Anders CPA

Anders has been named to the St. Louis Business Journal’s list of Top 150 Privately Held Companies in St. Louis for the first time. Each year, the St. Louis Business Journal celebrates the largest and fastest-growing companies in our region. The Top 150 list features the top privately held local companies ranked in order by revenue. Coming in at #145, Anders is honored to make the list for the first time in 2022.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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What Is Workers’ Compensation Fraud?

Patriot Software

Accidents can happen in the workplace. When an employee gets a work-related injury or illness, your business could be on the line. Workers’ compensation insurance protects you by reimbursing employees when accidents take place. But, employees, employers, and even health care providers can take advantage of the system by committing workers’ compensation fraud.

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Friday Footnotes: Big 4 Nixes Legal Practices; EY Looks the Other Way; Auditors Get Lectured Again | 10.14.22

Going Concern

Big 4. The drunken Big Four partners who are paid $1m+ [ eFinancialCareers ]. Combined with other recent incidents, including the tragic case of Michael Brockie, a 28-year-old PWC audit manager who lost a large portion of his brain following a fall after a drunken work outing, and the death of Aishwarya Venkatachalam, a junior at EY in Sydney, who killed herself after drinking with colleagues, the partner infractions reinforce the impression that something is awry.

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How to Get Free Transcripts Online | Canopy

Canopy Accounting

Are you an accountant who used to be able to pull transcripts for your clients using a third-party software, then sometime last year, that service stopped working—and now you have to deal directly with the IRS?

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What Percentage of Health Insurance Do Employers Pay?

Patriot Software

Offering employer-sponsored health insurance keeps your employees healthy and happy. If you’ve decided to provide coverage, you might be wondering, “What percentage of health insurance do employers pay?” Learn what you must pay as an employer, and look at recent data on average costs. What percentage of health insurance do employers pay? The employer portion […] READ MORE.

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Cost Overruns in Construction Projects And How to Manage Them

Steve Feinberg

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished. If this sounds familiar to your company, you’re not alone.

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What Retirement Plans Can You Offer to Your Small Business Employees?

Patriot Software

Have you avoided retirement plans because of the large fees and time-consuming administration? If so, I’m happy to tell you that things have changed. There are more options than ever, including a plan that has no fees or recordkeeping requirements for employers. In fact, the DOL warns that in the near future, you may no […] READ MORE.

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Planning Your Restaurant's Path to Profitability

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.

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Cost Overruns in Construction Projects And How to Manage Them

Steve Feinberg

Cost overruns in construction projects are exactly what they sound like: You meticulously considered the project, offered a detailed bid, spent time, resources, and capital to complete the work to code and client satisfaction—only to have spent 30% more than you initially planned to when the job is finished. If this sounds familiar to your company, you’re not alone.

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The Payroll Compliance Checklist You Need to Use

Patriot Software

Payroll compliance isn’t a once-per-year task you can easily check off. Remaining compliant is a big job. You must make sure your business is compliant with all payroll laws year-round. You can make payroll compliance easier and less stressful by doing tasks throughout the year. In fact, there are some tasks, like filing taxes, that […] READ MORE.

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Management Priorities For New And Experienced Construction Company Owners

Randal DeHart

In the past, Construction Project Managers were laborers or served an apprenticeship in one of the skilled construction trades and were promoted to foreman. This meant many people were more comfortable in manual labor without management skills. And when "things" were put in charge of "people," the results were not usually favorable. Because of this, many construction companies failed and went out of business due to the Cost of Chaos in their businesses.

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What Is Schedule A (Form 940)?

Patriot Software

Are you a small business owner with employees? Even if you had only one worker this year, you need to manage your FUTA taxes, and send Schedule A and Form 940 to the IRS. What is Schedule A (Form 940)? Schedule A (Form 940) is a supplemental form that you attach to Form 940. You […] READ MORE.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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Deloitte Partner Who Got Sh*tfaced Drunk and Made an Ass of Himself at the Horse Races Will Be Retiring

Going Concern

You know how they always say accounting is a small world and you should take care not to burn bridges? Well Stephen Cahill, partner and head of Deloitte UK’s executive compensation practice, decided to say “f**k that and f**k you too” this past June when he went on a sexist, racist tirade in the company of about 30 Deloitte colleagues at a horse race event.

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Do I Need to File Form 8027?

Patriot Software

In some industries, employees earn the bulk of their wages from tip income rather than hourly or salary pay. If you own a food or beverage establishment, your employees likely earn tips. Like regular pay, you still need to withhold taxes on tip income. And, you need to report tip earnings on Form 8027. What […] READ MORE.

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How Are Public Accounting Salaries Stacking Up For 2022? (Part 3, Accounting Principals/LHH Recruitment Solutions)

Going Concern

Over the past couple of weeks, we found out from Robert Half that public accounting starting salaries will likely increase in the range of 2.3% to 5.8% in 2023, and that Randstad predicts salaries for traditional public accounting roles will increase for nearly all positions next year. Today we’re reviewing the 2023 Accounting & Finance Salary Guide from the last of the “big 3” recruiting and staffing firms, Accounting Principals, which is now called LHH Recruitment Solutions.

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Form W-2 Box 12 Codes and Explanations

Patriot Software

Each year, you need to file Form W-2 for your employees. You might need to use Form W-2 Box 12 codes to accurately fill out Form W-2. If you are not familiar with Box 12, there are currently 26 codes to report certain compensation and benefit amounts. The codes range from life insurance coverage to […] READ MORE.

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No-Code Technology: The Key to Unlock the Future of Your Business

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.

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Government announce change to promised tax cuts.

Inform Accounting

On Friday afternoon the UK Prime Minister, Liz Truss held a press conference. Ahead of this press conference, it was announced that the Chancellor had resigned/been sacked (depending on whose version of the truth you are listening to). In this press conference, the September tax cuts as promised in the mini-budget have been watered down even further.

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Ohio Requires Additional School District Reporting on Form W-2

Patriot Software

If you have an employee in Ohio, you need to include the Ohio school district number on Form W-2. The Ohio Department of Taxation is requiring this change to help reduce the number of reporting errors on individual income tax returns. Read on to learn more about this requirement. Form W-2 reporting requirement in Ohio […] READ MORE.

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Deloitte updates audit committee guide

Accounting Today

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Apprenticeship vs. Internship

Patriot Software

If you have ever seen the TV show The Apprentice or the movie The Internship, you know how common an apprenticeship or internship is in popular culture. But, do you know why these positions can be helpful to your small business? They aren’t only beneficial to workers. Employers benefit from having an apprentice or intern […] READ MORE.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Paychex appoints new president and CEO

Accounting Today

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Are Reimbursements Taxable?

Patriot Software

Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee. An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? Find out below. What are expense reimbursements? Reimbursements are a way for you […] READ MORE.

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CFOs seeking advice about coping with inflation

Accounting Today

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What Is Form 8655?

Patriot Software

When signing up for payroll services that include tax filing, you’ll be asked to fill out Form 8655. The company won’t be able to file or deposit your taxes until you submit the form. So, what is IRS Form 8655 used for? Find out below. Form 8655 purpose IRS Form 8655, Reporting Agent Authorization, gives […] READ MORE.

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Recruit and Retain New Blue-Collar Talent

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.

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Tech News: BlackLine adds behavioral analysis to AR

Accounting Today

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What Are Payroll Internal Controls?

Patriot Software

Payroll involves a lot of sensitive and personal employee information. It is important for employers to keep that information safe. You also need to prevent payroll fraud. You need to limit who has access to payroll information and who can make changes to your small business payroll. Do you know how to maintain payroll confidentiality? […] READ MORE.

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On the move: INCPAS holds Day of Service

Accounting Today

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Is it time to update your desktop accounting systems? 

Menzies

Menzies LLP - A leading chartered accountancy firm. With Sage having discontinued Sage 50 Accounts and Sage 50cloud Accounts v26.2 at the end of September, and with Quickbooks Desktop due to be discontinued at the end of January 2023 – now could be the time to consider an update to your accounting software. The discontinuation of these older versions of Sage are a result of changes they have made in line with industry-standard security protocols and means that customers using this software will

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.