Tue.Sep 14, 2021

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Fintech Developments in the Startup Ecosystem

BurklandAssociates

As Fintech continues to be a top destination for VC capital, the sector is driving key developments across the startup ecosystem. According to Pitchbook data, some $1.354B went into 40 Read More. The post Fintech Developments in the Startup Ecosystem appeared first on Burkland.

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What's New in State Sales and Use Taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. State Revenue Updates. Dire forecasts of states’ plunging sales tax revenue in the age of COVID continue to be proven wrong. Florida, which recently instituted economic nexus, is expected to beat pre-pandemic forecasts for general-revenue collections by about $1.2 billion for this fiscal year and $1.2 billion for next year – with online sales taxes making up a s

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Taking Over a Family Business

Withum

When a child takes over a family business they immediately become an entrepreneur. This can be a daunting undertaking if the child is not prepared or is not inclined to be a business owner. So, here are some things to consider.

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Calculating Adjusted Tax Basis in a Partnership or LLC: Understanding Inside vs. Outside Basis

CTP

Calculating adjusted tax basis in a partnership or LLC takes us into a complex area of tax law. Remember that the tax basis is equal to the purchase price of an asset minus any accumulated depreciation. This formula sounds simple enough, but a business’s entity type can introduce unique complications in determining the initial value […]. The post Calculating Adjusted Tax Basis in a Partnership or LLC: Understanding Inside vs.

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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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Minimizing Accounts Receivable Process Time for Greater Cash Flow

AccountingDepartment

All businesses want to increase their cash flow rate, but sometimes cash flow delays come from within the company itself. Time-consuming manual processes and an Accounts Receivables (AR) staff that may be in the dark for some critical information can all be connected to a slow AR process.

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Voiding Checks in a Prior Period

SchoolofBookkeeping

When you reconcile your bank account you may notice that there are old entries lingering around that you need to review for clean up. In fact when bank reconciliations are done monthly you should take a hard look at these outstanding entries for possible errors or issues that need to be handled. If you are doing these for your client or yourself, be sure to discuss and review with the appropriate people.

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The Exclusion for Qualified Small Business Stock is in Play

Withum

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Significant Changes to the Economic Injury Disaster Loan (EIDL) Program Announced by the SBA

KROST

The EIDL is a loan directly from the SBA that offers a low-interest, fixed rate, long-term loan that is available to businesses that were impacted by the pandemic. Unlike the PPP, the EIDL must be repaid and cannot be forgiven. Below are the updates to the EIDL program: Maximum loan amount increased from $500,000 to $2 million. There is an exclusivity period; the SBA will not start approving loans greater than $500,000 until October 8, 2021.

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SBA Supplements EIDL Advance Program – $15,000 Total Grant Funding Available to Certain Businesses

Withum

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President Biden and the SBA Announces Significant Changes to EIDL Program

Withum

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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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President Biden and the SBA Announce Significant Changes to EIDL Program

Withum

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