RitaKeller

MARCH 3, 2022

“Accounting is the language of business.” – Warren Buffett. Recently, I read a quote that made me smile. It was in an article I read via AccountingWEB. The article is titled, The Changing Face of the CPA Profession Del Wright, Corporate Outreach Coordinator for the Illinois CPA Society. The quote comes from a young accountant who was hesitant to even think about passing the Exam until she learned how much it was valued from her professors and during her internship.

Illinois 45

Illinois tax return CPA Tax 45

TaxConnex

MARCH 3, 2022

Understanding the taxability of your company’s products or services is one of the key steps to complying with sales and use tax laws. In many situations, your “products” can be easy to classify: They’re usually tangible (in fact, a key sales tax definition is “tangible personal property”) and you charge sales tax on property unless it falls into an exemption category.

Indiana 188

Indiana Connecticut Nebraska Maryland 188

BurklandAssociates

MARCH 3, 2022

Burkland’s Tax Services lead, Ardy Esmaeili, CPA contributed an article to TechCrunch this week, What US Startup Founders Need to Know About the R&D Tax Credit. Our tax team has Read More. The post Our New TechCrunch Article on R&D Tax Credit Resources for Startups appeared first on Burkland.

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Tax CPA tax services 130

ThomsonReuters

MARCH 3, 2022

QUESTION: Several of our employees were hospitalized over the past year with COVID-19 and incurred large medical expenses, which our self-insured health plan was obligated to cover. We later discovered that these employees were not vaccinated against COVID-19. Given the financial impact of COVID-19 on our health plan, can we require employees going forward to show proof of COVID-19 vaccination as a condition of eligibility?

Hospitality 105

Hospitality Tax Account accountant 105

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

5 Minute Bookkeeping

MARCH 3, 2022

Breaking up with bookkeeping clients is hard to do, as the song goes. Since I’ve worked with hundreds of clients, I’ve certainly ‘fired’ or parted ways with my share of bookkeeping clients, but it’s not all bad news. Every breakup is a valuable lesson. Today I want to share the biggest lessons I’ve learned from firing bookkeeping clients.

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bookkeeping Start-ups 95

ThomsonReuters

MARCH 3, 2022

HHS: Update to the Women’s Preventive Services Guidelines, 87 Fed. Reg. 1763 (Jan. 12, 2022). Available at [link]. The HHS Health Resources and Services Administration (HRSA) has issued updated preventive services guidelines for women, which it approved on December 30, 2021. As a reminder, non-grandfathered group health plans and insurers must cover without cost-sharing certain preventive services specified by HRSA, the United State Preventive Services Task Force (USPSTF), and the CDC (see our

Education 98

Education Tax Account accountant 98

Going Concern

MARCH 3, 2022

[Updated with additional statement from Deloitte Global.]. When Deloitte’s global HQ posted a statement on its website on March 1 (see below in original post from Tuesday), the firm said it had “suspended business operations and client service in Ukraine as we focus on taking care of our people and their loved ones.” But on Wednesday, Deloitte Global updated its statement to say it “is currently reviewing our business and presence in Russia,” making it the first Big 4 firm to say publicly that i

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Government Legal accounting firms Account 73

Withum

MARCH 3, 2022

As we were hurtling toward year-end, there were plenty of topics of conversation with our dealership clients – PPP 2 forgiveness, have you received your ERTC checks yet, how many people do you have out right now with Covid. A topic that got a tremendous amount of attention was LIFO(last in, first out) – with the limited supply of new vehicles out there, LIFO was going to be an income pick-up this year, and a particularly nasty one at that.

Tax 52

Tax income tax Start-ups Manufacturing 52

Going Concern

MARCH 3, 2022

Today’s Grant Thornton roasting comes not from the PCAOB (like usual) but from r/accounting , also known as the magic genie from whence a wealth of content is born. We didn’t have time to create a fake resume, apply to one of the many, many open positions at GT, and hope we get the same recruiter to verify its legitimacy, but if any firm is going to talk like this, GT would be it.

Account 67

Account accountant accounted 67

Withum

MARCH 3, 2022

Last year our 2020 year-end issue highlighted that the threat to our industry didn’t come from Tesla or Uber, but rather our own OEMs (Original Equipment Manufacturer ). Fast forward a mere 12 months and the worst predictions of that article have come true. Volvo announced that you can download performance packages from their online portal. Gone are the days when you would need to buy the GT package to have a faster car – now it’s just the click of a button.

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Manufacturing Legal Sales Gaming 52

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.

ThomsonReuters

MARCH 3, 2022

Required Minimum Distributions, 26 CFR Parts 1 and 54, 87 Fed. Reg. 10504 (Feb. 24, 2022). Available at [link]. The IRS has proposed a restatement of most of the regulations under Code § 401(a)(9) that govern required minimum distributions (RMDs) from qualified plans (including 401(k) plans), IRAs, Roth IRAs, 403(b) plans, and eligible deferred compensation plans under Code § 457(d).

Tax 52

Tax income tax Government Account 52

FraudFiles

MARCH 3, 2022

A competent expert witness is vital to cases involving economic damages and other financial calculations. However, the expert must be much more than just a mathematician, market analyst, economic guru or forensic accountant. The job of the expert is far from over once the facts are analyzed and the calculations are completed. Traditional accounting and finance skills are not enough when it comes to litigation.

forensic accounting 52

forensic accounting accounting and finance accounting concepts Legal 52

ThomsonReuters

MARCH 3, 2022

Texas Med. Assoc. v. HHS, 2022 WL 542879 (E.D. Tex. 2022); Memorandum Regarding Continuing Surprise Billing Protections for Consumers (Feb. 28, 2022). Memorandum. Upholding a challenge by health care providers, a federal trial court has vacated key portions of the interim final regulations implementing the independent dispute resolution (IDR) provisions of the No Surprises Act, enacted as part of the Consolidated Appropriations Act, 2021 (CAA).

Texas 52

Texas Tax Account accountant 52

Withum

MARCH 3, 2022

Have you heard about Exploratory Testing? If not, please visit my previous blog , where I have explained the method in detail. Now, let’s dive deeper and see how it can be implemented. Most of us are moving into Agile implementation , and in this blog, you will learn how Scrum goes perfectly hand-in-hand with Exploratory Testing. (Porras, Allan. “Mesmerizing Matrix.” ?

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Technology Maine 52

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.

ThomsonReuters

MARCH 3, 2022

Complaint filed against USC, Pac-12, NCAA. A National Labor Relations Board (NLRB) complaint filed by the National College Players Association, a collegiate athletes’ advocacy group, against the University of Southern California, University of California Los Angeles, the Pac-12 Conference, and the?National Collegiate Athletic Association (NCAA) alleges that by classifying student-athletes as nonemployees, the university and intercollegiate athletics system as a whole is denying them right

Connecticut 52

Connecticut Pennsylvania California Non-Profits 52

AccountingDepartment

MARCH 3, 2022

This week, AccountingDepartment.com's Co-founder, Dennis Najjar, had the opportunity to join Jeff Siegel on the Leaders Who Scale podcast.

bookkeeping 52

bookkeeping Account accountant accounted 52

Going Concern

MARCH 3, 2022

Ever since KPMG was fined $50 million by the SEC in June 2019 as a result of auditors at all levels cheating on internal online training exams by illegally sharing answers with colleagues and manipulating test results (as well as that whole KPMG audit partners stealing confidential inspection information from the PCAOB thing), we have learned that employees passing around the answers to mandatory internal training exams happens quite a bit in the Big 4.

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auditor audit public accounting Education 80

ThomsonReuters

MARCH 3, 2022

Paycheck Fairness Act. In the White House Fact Sheet, Biden notes that the Paycheck Fairness Act (H.R. 7) is an important step “towards the goal of ending pay discrimination.”?The legislation seeks to limit an employer’s defense in wage discrimination claims to only bona fide job-related factors, increase civil penalties for equal pay violations, and prohibit employers from requiring employees to sign a contract or waiver that does not permit the disclosure of employee’s

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payroll Tax Account accountant 52

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

Technology