ThomsonReuters

NOVEMBER 11, 2021

Rev. Proc. 2021-45 (Nov. 10, 2021); IRS News Release IR-2021-219 (Nov. 10, 2021). Rev. Proc. 2021-45. News Release. The IRS has released the 2022 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including limits relating to health FSAs, qualified transportation fringe benefits, qualified small employer health reimbursement arrangements (QSEHRAs), adoption assistance, DCAPs, the small business health care tax credit, the premium tax credit, and Archer MSAs.

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Transportation Tax income tax Account 98

AccountingDepartment

NOVEMBER 11, 2021

Key Performance Indicators (KPIs) are a pertinent part of measuring the successes and failures of a business. Measuring, tracking, and benchmarking KPIs allow business owners and leaders to keep a finger on the pulse of how their business – or individual departments – is performing at any given time.

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Account accountant accounted 78

ThomsonReuters

NOVEMBER 11, 2021

QUESTION: Each year, when our 401(k) plan makes required minimum distributions, we discover that the addresses on file for some distributees are no longer valid. We sometimes have similar problems locating beneficiaries when a participant dies. What procedures should we follow when our plan must make distributions to individuals we cannot locate? And what can we do to minimize this problem?

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audit Account accountant accounted 98

LSLCPAs

NOVEMBER 11, 2021

So much has happened in the past twenty months that some business owners wonder if they should stay in their businesses or sell that arguably largest asset. We asked LSL long-time friend Dora Lanza, a veteran mergers and acquisitions expert, for her thoughts. She is the co-founder and COO at 22-year-old Plethora Businesses. Here’s what. The post 10 Things to Consider When Selling Your Business appeared first on LSL CPAs.

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cpas Sales 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

NOVEMBER 11, 2021

Multinational corporations often use transfer pricing to allocate earnings among subsidiary and affiliate companies that are part of the parent organization. The practice is being increasingly regulated to ensure that profits are taxed at the place where value is created. In fact, a global effort is underway to tighten the restrictions and increase the documentation requirements for this practice, adding a significant amount of work and responsibility to the task of the corporate tax professiona

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audit Tax corporation tax Government 52

RitaKeller

NOVEMBER 11, 2021

“Beware the barrenness of a busy life.” – Socrates. I have covered the topic of being too busy many times over the years in writing this blog. Why? Because it is the term I continue to hear over and over again from partners, firm administrators, and others working inside a growing CPA firm. It seems you are always too busy to actually think, plan, reflect and even enjoy a beautiful Fall day.

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cpa firm CPA 45

Baruch Lev

NOVEMBER 11, 2021

Click or tap here to listen to the show! Ron and Ed welcome back Professor Baruch Lev from NYU Stern Business School. He was last on back in July 2016 and we discussed his book, The End of Accounting and the Path Forward for Investors and Managers. We talk more about that book and his more recent article in Accounting Today, The sad state of accounting standards.

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audit New York accounting and finance accounting standards 40

ThomsonReuters

NOVEMBER 11, 2021

Marietta Memorial Hosp. v. DaVita, Inc., cert. granted, No. 20-1641 (U.S. Nov. 5, 2021). Available at [link]. The U.S. Supreme Court has agreed to settle a dispute between two appellate courts regarding the Medicare Secondary Payer (MSP) rules and health plan coverage of dialysis. In the underlying case, a large dialysis provider sued an employer/plan administrator and its TPA, challenging the plan’s classification of all dialysis providers as “out-of-network,” resulting in a lower reimbursemen

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Tax Account accountant accounted 52

TaxConnex

NOVEMBER 11, 2021

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. ‘Tis the season: Even as critics claim that Amazon’s recent earnings slump might signal the beginning of the end of the e-commerce boom, holiday e-commerce sales are expected to hit a record $207 billion in the U.S. in November and December, a 10% jump over last year.

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Sales E-commerce Tax Illinois 41

ThomsonReuters

NOVEMBER 11, 2021

Bear Creek Bible Church v. EEOC, 2021 WL 5052661 (N.D. Tex. 2021). Available at [link]. A Christian church and a Christian-owned business filed a class action lawsuit against the EEOC, seeking a religious exemption from Title VII of the Civil Rights Act of 1964 that would allow them and similar employers to “require their employees to live by the teaching of the Bible on matters of sexuality and gender.

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Government Tax Account accountant 52

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