Thu.Jul 15, 2021

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6 Ways a Budget Helps Your Business Plan

LSLCPAs

A budget helps your business plan stay on track. Budgets can be powerful tools to help you achieve your company’s vision and accomplish its mission. A budget can be used to plan, control, motivate, measure, evaluate, and communicate for both profit and non-profit organizations in any industry. 1. Plan A budget is a written plan. The post 6 Ways a Budget Helps Your Business Plan appeared first on LSL CPAs.

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Monthly Sales and Use Tax Update

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 that occurred over the last month. Colorado lawmakers have adopted SB21-282 , which extends the exception to destination sourcing requirements; the exception applies only to businesses with less than $100,000 in retail sales.

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5 Financial Tips All Business Owners Should Know

MazumaBusinessAccounting

Running your own business is rewarding, but it can also be overwhelming. There are dozens of administrative tasks to keep tabs on besides your day-to-day work. I’ve been there, and I’ve felt that nagging feeling that I am letting something important slip through the cracks. That’s why I wanted to put together these tips to help you stay on top of your finances while growing a successful business. 1.

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What Is the “Continuity of Care” Mandate for Group Health Plans?

ThomsonReuters

QUESTION: We have heard from our company’s group health plan insurer that our plan must continue covering certain patients who are undergoing treatment when we change our contractual relationship with their provider. What are the rules, and when do they apply? ANSWER: The surprise medical billing legislation passed in December 2020 (see our Checkpoint article ) included a new patient protection mandate referred to as “continuity of care” that applies when a provider ceases to be an in-network

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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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Learn From History

RitaKeller

“Always bear in mind that your own resolution to succeed is more important than any one thing.” – Abraham Lincoln. My husband and I are history buffs , especially Civil War history. We have visited many battlefields and other sites. Ken Burns’ Civil War has taught us so much and a movie I always recommend is Gettysburg. It tells the story from both sides and is quite informative.

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Neither Stop-Loss Coverage Nor Other Insured Benefits Cause Self-Insured Health Plan to Be Considered Insured

ThomsonReuters

Hua v. Board of Trustees, 2021 WL 2190906 (D. N.J. 2021). A participant in a union- and employer-sponsored self-insured group health plan was injured in an accident and sued the other parties involved. The plan administrator asserted its right, under the terms of the plan, to be reimbursed for the participant’s accident-related medical expenses (paid by the plan) out of any recovery.

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IRS Information Letters Address Substantiation Rules for Health FSA Debit Card Programs

ThomsonReuters

IRS Information Letters 2021-0003 (Dec. 14, 2020) and 2021-0013 (Apr. 27, 2021). Letter 2021-0003. Letter 2021-0013. The IRS has released two information letters that address the substantiation rules for health FSA debit card programs. One letter responds to an inquiry on behalf of an individual whose card was deactivated for failure to provide requested documentation to substantiate expenses paid with a health FSA debit card.

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Buying vs Renting a Home | Which One Should You Choose?

LyfeAccounting

Should you buy your home? Or rent forever? For some of you, it might be obvious to buy a home because that’s what your parents did, or you might think that renting is just throwing away money. For others, you might think that renting is better because you have more flexibility of where you live. Or the peace of mind knowing when something breaks, all you have to do is call the landlord and everything magically gets fixed.

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KROST Quarterly Magazine: The Technology Issue, Vol 4, Issue 2, is Now Available!

KROST

We are happy to announce the release of our newest quarterly magazine! The Technology Issue highlights some of the hot topics in the technology industry including Client Accounting Services (CAS), Nonfungible Tokens, the Effect of Upcoming Changes to IRC Section 174 on the Software Development Industry, and more. What You’ll Find Inside this Issue: Nonfungible Tokens – Applications, Technology, And Outlook By Paren Knadjian. 2021 Tax Planning for Tech Companies: Employee Retention and R�

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Court Orders Payment for Residential Treatment Based on “Wildly Inconsistent” Rationales for Denial

ThomsonReuters

D.K. v. United Behavioral Health, 2021 WL 2554109 (D. Utah 2021). An employee and child—both covered under a self-insured group health plan—sued the plan’s claims administrators for denying coverage for the child’s long-term residential mental health treatment. Following nearly three years of progressive treatment for anxiety, attention deficit disorder, and depression; multiple episodes of self-harm and attempted suicide; and repeated emergency room visits and hospitalizations, the child’s phys

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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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The Combustible Questionnaire – Goodbye to the PPP Loan Necessity Form

Withum

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The Combustible Questionnaire – Goodbye to Proving Loan Necessity

Withum

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