TaxConnex

FEBRUARY 4, 2021

At the end of last year, TaxConnex commissioned Porter Research Group to conduct a survey of 100 finance leaders to understand the growing concerns they face related to sales tax heading into 2021. One question respondents were asked was if they were satisfied with how they were currently managing sales tax, and almost three out of four respondents (71%) answered that they were in fact not completely satisfied with how sales tax was being managed within their business.

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Sales Tax E-commerce tax return 130

KROST

FEBRUARY 4, 2021

Join Jason Melillo, CPA (Principal – Accounting, ERTC) and Jeff Kamin, CPA (Manager, Accounting, ERTC) as they host a webinar on Employee Retention Tax Credits (ERTC) on Wednesday, February 10th at 9:30AM PST. In this session, they will review the details of the recently passed Taxpayer Certainty and Disaster Tax Relief Act of 2020, including: • Qualifying companies – aggregation rules, full-time employee limitations. • Qualifying wages – healthcare costs. • Reporting requirements and refu

Real Estate 76

Real Estate CPA Healthcare Manufacturing 76

ThomsonReuters

FEBRUARY 4, 2021

QUESTION: We are an applicable large employer (ALE). For 2020, we offered coverage under our self-insured health plan to our salaried employees. We offered our hourly employees coverage under an individual coverage HRA (ICHRA). How do we report the ICHRA coverage on Forms 1094-C and 1095-C? ANSWER: Employers were able to offer ICHRA coverage to employees starting January 1, 2020 (see our Checkpoint article ).

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LyfeAccounting

FEBRUARY 4, 2021

?. Over the course of 2020, the rules related to PPP forgiveness application have changed. Some revisions have made the process easier for businesses with smaller loan amounts. The latest stimulus relief bill passed in December of 2020 had two provisions that could help people with smaller loan amounts. So in this post, we’re going to cover those two important changes and then dive into some frequently asked questions from the SBA.

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payroll Tax small business accounting accounting and finance 52

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.

Account

ThomsonReuters

FEBRUARY 4, 2021

DOL Fact Sheet: EBSA Restores Over $3.1 Billion to Employee Benefit Plans, Participants and Beneficiaries. Available at [link]. The DOL has issued its fiscal year (FY) 2020 enforcement fact sheet, highlighting the recovery of over $3.1 billion in direct payments to plans, participants, and beneficiaries. The fact sheet explains that the DOL’s Employee Benefits Security Administration (EBSA) has oversight responsibility over nearly 722,000 retirement plans, 2.5 million health plans, and a simila

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audit Tax Account accountant 52

FraudFiles

FEBRUARY 4, 2021

Testifying is the pinnacle of an expert witness’s work in a case. It may well be the most important part of the expert’s work, as the assistance of a competent financial expert is the key to cases involving economic damages and other financial calculations. An expert must do much more than just analyze facts and calculate figures. Traditional accounting and finance skills are not enough when it comes to litigation matters.

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forensic accounting Account accountant accounted 52

Withum

FEBRUARY 4, 2021

Florida 118

Florida 118

ThomsonReuters

FEBRUARY 4, 2021

HHS: 2016-2017 HIPAA Audits Industry Report (Dec. 2020). Available at [link]. HHS’s Office for Civil Rights (OCR) has issued a report describing its 2016–17 audit program, which reviewed covered entities’ and business associates’ compliance with certain HIPAA privacy, security, and breach notification rules (see our Checkpoint article ). The report summarizes the audit results and recommends resources to address deficiencies identified in the audits.

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audit Tax Account accountant 52

RitaKeller

FEBRUARY 4, 2021

“A ship is safe in harbor, but that’s not what ships are for.” – William Shedd. Are you a follower firm? So many accounting firm leaders play the safe game, the waiting game. They hear about new software, a new process, or a new employee benefit from reading/hearing an online discussion or attending a CPE session. Then they play it safe, they wait and see what other firms find out, and then dip their toe in the water.

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Gaming accounting firms Account accountant 45

ThomsonReuters

FEBRUARY 4, 2021

Additional Codes are Available for Reporting an Offer of an Individual Coverage Health Reimbursement Arrangement (HRA) (Feb. 3, 2021). Available at [link]. The IRS has announced a post-release addition to the codes for the 2020 Form 1095-C (see our Checkpoint article ). According to an IRS website post, an applicable large employer that offers an individual coverage HRA (ICHRA) can use two previously reserved codes from Code Series 1 on Form 1095-C, line 14, for reporting offers of coverage fo

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Advertiser: Paycor

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.

Withum

FEBRUARY 4, 2021

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SkagitCountyTaxServices

FEBRUARY 4, 2021

So, last week I ran through the (rather incredible) selection of NEW and/or extended tax credits available for Skagit County business owners. That’s just the tip of the iceberg though. But this is the great thing about working with business owners in tax strategy … we can get so creative and make a MASSIVE impact for your bottom line. It does take some partnership with you, of course.

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income tax Tax Real Estate tax return 53

Withum

FEBRUARY 4, 2021

Government 52

Government 52

Withum

FEBRUARY 4, 2021

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audit 92

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.