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The employee retention credit (ERC) started out slow but keeps going strong, even to the present day. . When it was first enacted on March 27, 2020 as part of the CARES Act, it received little fanfare because taxpayers that received a forgivable loan under the paycheck protection program (PPP) were prohibited from claiming the ERC. When that prohibition was lifted nine months later by the Consolidated Appropriations Act, 2021, claims for the ERC exploded.
Sky News has obtained part of an internal memo KPMG Global Chairman and CEO Bill Thomas sent to firm partners earlier this month in which Mr. Thomas turns his nose up at EY’s plan to split consulting and audit practices. Some choice quotes from the memo: We are a partnership that has been strong and growing in some countries for over 150 years.
Kristy Illuzzi, CPA, CGMA of International Federation of Accountants (IFAC) on why the Great Resignation is affecting the profession so acutely : I think the Great Resignation is interesting in that it has impacted almost every sector of our economy and every profession in some way, and it’s no different in the accounting industry. I think a lot of people during 2020, 2021, when we were on lockdown, we started doing things very differently.
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.
As a tax planner, when a client approaches you about selling their S corporation, one of the first questions to ask is whether they are selling the stock or the assets of the business. What is the difference from a tax perspective? An asset sale requires you to allocate the assets into different classes, which then determines your tax liabilities or deductions.
As part of the tax planning process, business owners looking to sell their S corporation first need to establish whether they are selling the stock or the assets of the business. What is the difference from a tax perspective? An asset sale will involve assigning each business asset to an asset “class,” which then determines your tax liabilities or deductions.
…payment methods! Try to come up with one thing that’s more important to your Skagit County business than taking in revenue smoothly. Yeah, I couldn’t, either. And making sure that revenue is coming in becomes almost an obsession when you’re feeling the squeeze of inflation on your profit margins. Though talk of recession is hanging in the air, it doesn’t mean you have to passively wait for its effects.
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.
The St. Louis Post-Dispatch has honored Anders as a 2022 Top Workplace, ranking #7 in the Midsize Employer category. For 11 years, the St. Louis Post-Dispatch has recognized the importance of effective leadership, strong values and motivated workers through the Top Workplaces list. Top Workplaces are named solely based on employee feedback gathered through a third-party survey administered by research partner Energage.
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.
Accounting Firm EY Grapples With Partner Pay, Bear Market in Breakup [ Wall Street Journal ] Ernst & Young’s leaders, trying to persuade partners to split up the firm, said windfalls would be spread evenly, but a bear market threatens to cut the value of a potential initial public offering of its consulting business, according to an internal webcast and people familiar with the matter.
For an e-commerce business, inventory is one of the most significant parts of management. Inefficient inventory management can dramatically affect cash flow for your e-commerce business , with a large amount of working capital sucked up by the excess stock or sales lost due to stock shortages. That’s why keeping an eye on inventory turnover is key to ensuring flawless e-commerce business operations.
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.
One of the several requirements to sell on Shopify is that you need to declare your tax liabilities, including corporation, income, sales taxes, and potential overseas taxes if you sell internationally. Shopify bookkeeping sounds complex, but a compatible accounting software can streamline each element of your reporting, serving as a vital management tool.
We are happy to announce the release of our newest quarterly magazine! The Hospitality Issue highlights some of the hot topics in the hospitality industry including tax credit for new employees, double-dipping, lease provisions, and HR solutions. What You’ll Find Inside this Issue: Tax Credit for Hiring New Employees By Kimberly Hoang A Win for Read the full article.
Menzies LLP - A leading chartered accountancy firm. Last week, the Northern Ireland Protocol Bill was introduced to parliament and the Government published a document, setting out the issues facing Northern Ireland and how the Bill will seek to resolve them. For now, current arrangements for the movement of goods into and out of Northern Ireland will remain.
Longtime Green Bay Packers executive and former team accountant Richard “Dick” Blasczyk passed away on June 13 [ obit ]. 87-year-old Blasczyk, a native of Pulaski, WI, worked for the Pack from 1976-1994. Blasczyk served in the U.S. Army during the Korean war, married his high school sweetheart, and worked as finance manager at a Pulaski Ford dealership for 20 years before a friend of his who was also a Packers executive committee member encouraged him to apply for an open accountant
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.
Every business pays attention to cash flow, or at least they should. After all, it's a key point of emphasis regardless of the nature of the business. Without making more than you spend in a given period—you won’t be in business very long.
Cash flow refers to the movement of money into and out of your business. It's based on the amount of money you bring in minus the amount you spend. A positive cash flow means bringing in more than you're spending. A negative cash flow means you aren't bringing in enough to cover your expenses. Your construction company can run into problems by not charging enough for goods or services, having late-paying clients, growing too quickly, or simply spending too much money.
Every business pays attention to cash flow. At least they should. After all, it's a key point of emphasis regardless of the nature of the business. Without making more than you spend in a given period—you won’t be in business very long.
“I love how summer just wraps its arms around you like a warm blanket.” – Kellie Elmore. So many businesses have had to cut back on choices and services simply because they can’t find adequate help. Some are calling it skimpflation. Read more about it in this flashback post. Enjoy this Friday afternoon (and the weekend).
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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