Wed.Jan 26, 2022

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The Cost Approach to Valuing a Business

RogerRossmeisl

The cost (or asset-based) approach to valuing a business focuses on the balance sheet. This financial statement reports “book values” for the company’s assets and liabilities. Here’s how the cost approach works and when it might be an appropriate method of valuation. Book value vs. fair market value Amounts reported on a company’s balance sheet for its assets and liabilities may not reflect their fair market value to a potential buyer or seller.

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Taxation on Crypto Staking

Withum

With new technology comes new opportunities for investors to make money. While cryptocurrencies (crypto) and the blockchain have been around for nearly a decade, they are relatively new to mainstream financial conversations, and currently, more people are investing in crypto than ever before. For those who are unfamiliar with cryptocurrency, crypto is a form of digital currency that is supported by blockchain technology whose value fluctuates based on supply and demand.

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How Entrepreneurs Expenses are Claimed on Tax Returns

RogerRossmeisl

While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited a number of reasons why they decided to start a business in the midst of a pandemic. For example, they had more time, wanted to take advantage of new opportunities or they needed money due to being laid off. Whatever the reason, if you’ve recently started a new business, or you’re contemplating starting one, be aware of the tax implications.

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Payroll 101: How to Set up Payroll for a Small Business

Patriot Software

Hired your first employee? Check. Set a start date? Check. Ready to process payroll? Not quite yet. Before you can start paying your employees, there are a few steps you need to know and some terms to learn. This handy payroll 101 guide explains how to set up payroll the right way so you can […] READ MORE.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Tips to Speed Tax Return Processing

RogerRossmeisl

The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips to help speed processing and avoid hassles. Tip 1 Contact us soon for an appointment to prepare your tax return. Tip 2 Gather all documents needed to prepare an accurate return. This includes W-2 and 1099 forms. In addition, you may have received statements or letters in connection with Economic Impact Payments (EIPs) or advance Child Tax Credit (CTC) payments.

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Supply Chain Resilience in a Post-COVID-19 Economy

Withum

COVID-19 changed the dynamic of supply chains around the world, leading companies to learn the benefit of digital investments in maintaining their business structure and supply chain resilience during an emergency. The pandemic gave new meaning to risk management and elevated the importance of how a company can respond to unplanned events. On a macro level, manufacturers worldwide are now faced with new pressures resulting from materials shortages, inconsistent demand and worker unavailability.

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Taxation of the Metaverse is Coming

Accounting Web

Sales Tax Taxation of the Metaverse is Coming.

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On-Demand Webinar: No Surprises Act…What We Know So Far

Withum

Effective January 1, 2022, the No Surprises Act (Surprise Billing Legislation) was implemented, which established new federal protections against surprise medical bills in addition to good faith estimate requirements for self-pay patients. Join Withum’s Healthcare Advisory team to uncover the complexities of the No Surprises Act (Surprise Billing Legislation) and discuss how it will impact your healthcare organization and revenue cycle as a whole.

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Protecting a Spouse’s Financial Interest in Divorce

FraudFiles

When a spouse knows that a divorce is imminent, there are obvious steps to secure his or her financial future. First, a competent divorce attorney must be retained. Next, the division of assets and income should be considered. Yet when it comes to the financial details, clients often do not know what to do. An uncertain financial future may scare the client, but the fear of the unknown makes it more important than ever to focus on protecting the client’s financial interests.

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7 IT Strategies to Ensure Success

Accounting Web

Technology 7 IT Strategies to Ensure Success.

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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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Enhance Your Brand

RitaKeller

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” – Warren Buffett. Today, I am providing you a link to an article via Forbes. The title is, “Beefing Up Your Branding? Don’t Forget The XYZ Statement And Brand Manifesto.” I like this article because it describes branding for an accounting firm.

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Why Section 1244 Stock is a Worthy Investment

Accounting Web

IRS Why Section 1244 Stock is a Worthy Investment.

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Not for profit fundraising

Accounting for Good

The post Not for profit fundraising first appeared on ACCOUNTING FOR GOOD.

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AvidXchange Integrates With Sage 100 Contractor

Accounting Web

Accounting Software News AvidXchange Integrates With Sage 100 Contractor.

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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.