TaxConnex

JULY 28, 2022

Failure to comply with the applicable sales tax rules can have a devastating effect on a business, but they’re often overlooked because they’re considered “pass-through” as the business is responsible for collecting the applicable taxes which pass through the business and are subsequently turned over or paid to the states. While these pass-through taxes are not meant to create a financial burden on a business, failure to comply can create significant risk.

Sales 130

Sales Tax Start-ups Legal 130

Withum

JULY 28, 2022

We all knew this day was coming, and it has finally arrived. Multiple businesses notified us this week that their claims for the employee retention credit (ERC) are being audited by the IRS. This does not mean that these businesses did anything wrong, or that they will end up owing money to the IRS; it just means that the IRS selected their ERC claims for review.

audit 121

audit income tax tax return Tax 121

Intuitive Accountant

JULY 28, 2022

In today's changing workplace, many organizations are looking to complement their full-time staff with independent contractors to grow their business. WorkMarket's Bridget Quinn Kirchner explains how it works.

121

121

Xero

JULY 28, 2022

Xero connects with over 1,000 apps that help small businesses and their advisors succeed, check out the Xero App Store. Each month we celebrate an app partner who stands out for helping small businesses thrive. Find out more about becoming a Xero app partner here. Xero recently hosted Xerocon London , one of the most anticipated events on the calendar for cloud accounting leaders.

bookkeeping 104

bookkeeping Construction accounting firms Start-ups 104

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ThomsonReuters

JULY 28, 2022

QUESTION: We sponsor a self-insured health plan for our employees. A TPA handles day-to-day administration of the plan, including processing claims and making payments to health care providers. We understand that HIPAA establishes standards for electronic health care transactions. If the TPA fails to comply with those standards, is the plan potentially liable under HIPAA?

Tax 97

Tax Account accountant accounted 97

AccountingDepartment

JULY 28, 2022

The answer to whether it’s the latest and greatest new trend is murky at best—providers certainly seem to be appending the term to their offerings more frequently. And the classic muddling of the definition and related expectations is occurring at warp speed as well. Many indicators point to another flash-in-the-pan buzzword to be adopted, and subsequently corrupted, by the sales and marketing brains of these service providers.

Account 89

Account accountant accounted Sales 89

KROST

JULY 28, 2022

LOS ANGELES, CA [July 28, 2022] — Los Angeles-based CPA Firm, KROST CPAs and Consultants announced Paren Knadjian as Principal of M&A and Capital Markets and Brad Pauley as Principal of Tax. Paren Knadjian has successfully completed over 200 M&A and Capital Markets transactions worth over $1 billion. Having been at the firm since 2017, Read the full article.

Tax 80

Tax cpa firm cpas CPA 80

Patriot Software

JULY 28, 2022

A quarter of adults in the U.S. don’t have retirement savings. One reason? Not all employees have access to an employer-sponsored retirement program. Seeing this looming crisis, Illinois launched the Secure Choice Retirement Savings Program (Illinois Secure Choice). Like other state retirement programs, Illinois Secure Choice mandates that all businesses with five or more employees […] READ MORE.

Illinois 78

Illinois payroll 78

Xero

JULY 28, 2022

Financial services at Xero empower small businesses and their advisors to take control of their cash flow and financial future by providing trusted insights and services. In our customer series we highlight small businesses using financial services to make their life easier. . When Johnno Green set up JCG Projects over eight years ago, he quickly turned his renovations and repairs business from a one-man operation to a team of tradies.

bookkeeping 77

bookkeeping accounting and finance Start-ups Finance 77

Patriot Software

JULY 28, 2022

Here’s a shocking stat: More than 600,000 private-sector employees in Connecticut don’t have an employer-sponsored retirement savings plan. To encourage more employees in the state to save for retirement, Connecticut launched the MyCTSavings Retirement Program (MyCTSavings). As with similar state retirement programs, MyCTSavings brings a mandate for many small businesses: Offer a retirement plan to […] READ MORE.

Connecticut 75

Connecticut payroll 75

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.

ThomsonReuters

JULY 28, 2022

Saloojas, Inc. v. Aetna Health of Cal., Inc., 2022 WL 2267786 (N.D. Cal. 2022). Available at [link]. An out-of-network health care provider sued an insurer under the Coronavirus Aid, Relief, and Economic Security (CARES) Act for failing to reimburse the full cost of COVID-19 testing as posted on the provider’s public website. As background, the CARES Act and related agency guidance require group health plans and insurers to cover COVID-19 diagnostic testing without cost-sharing, prior authoriza

Healthcare 52

Healthcare Legal Tax Account 52

Basis 365

JULY 28, 2022

Strategy is a crucial aspect of scaling your business. But success in growth comes down to planning and managing your numbers well. This is possible by using the right metrics to guide your growth strategy. Key Performance Indicators Key performance indicators (KPIs) are quantifiable values that measure how well you perform in revenue, profits, and growth.

accounting and finance 52

accounting and finance Sales Start-ups Finance 52

ThomsonReuters

JULY 28, 2022

HHS: Guidance Letter 2022-04—Health plans’ payment of health care claims using Virtual Credit Cards (VCCs) and adopted Health Insurance Portability and Accountability Act of 1996 (HIPAA) standards for Health Care Electronic Funds Transfers (EFT) and Electronic Remittance Advice (ERA) transactions; 45 Code of Federal Regulations (CFR) §§ 162.1601 and 162.1602(d) FAQs (July 14, 2022).

Legal 52

Legal Tax Account accountant 52

Patriot Software

JULY 28, 2022

It wouldn’t be an understatement to say that family-owned business is synonymous with American business. Eighty-seven percent of American businesses are family owned. You read that right: 87%. That means that family-owned businesses employ a huge portion of the U.S. workforce—62% to be exact. And to top things off, family-owned businesses make up 64% of […] READ MORE.

Account 52

Account accountant accounted 52

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

Accounting Today

JULY 28, 2022

income tax 109

income tax Tax 109

Going Concern

JULY 28, 2022

From a recent CNBC article on company-wide vacation breaks to foster employee well-being : Feeling revitalized is what many employees and their employers both want. Starting this year, accounting and consulting firm PwC is giving its 60,000 U.S. employees two annual company-wide, week-long breaks — one in July and one in December — in addition to vacation time.

Iowa 102

Iowa Account accountant accounted 102

Accounting Today

JULY 28, 2022

audit 103

audit 103

Basis 365

JULY 28, 2022

You spend a lot of time analyzing financial statements as a manager or owner of a business. Of course, each statement is essential, but not all statements are equally important. While some financial statements are vital to understanding a company's financial health, others are less important. Let's look at four of the most important financial statements for every business.

financial statements 52

financial statements accounts payable accounting and finance Finance 52

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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

Technology

Accounting Today

JULY 28, 2022

Tax 98

Tax 98

5 Minute Bookkeeping

JULY 28, 2022

When it comes to pricing their services, most new bookkeepers start off with charging their clients by the hour. I certainly did that in the early days of my bookkeeping business too. But one of the best things that I did to grow my business was to move away from hourly billing to pricing all services upfront for my clients instead. If you’re still charging clients by the hour, I’d love to share my insights and experience with you from my own pricing journey.

bookkeeping 52

bookkeeping Start-ups bookkeeping services Account 52

Accounting Today

JULY 28, 2022

financial statements 98

financial statements Government accounting standards Account 98

Going Concern

JULY 28, 2022

Some of you are familiar with the ubiquitous Cosmopolitan Magazine quiz and for those of you who aren’t, well, sorry you’ve never quantified your sex life using a five question quiz developed by some sassy intern. Today we’ve got one of our own. Is It Time To Break Up With Your Big 4 Firm? Pick your answers to these five simple questions and check the scoring key at the bottom to find out if you’re partner material or should have quit two busy seasons ago.

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103

Advertisement

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

Accounting Today

JULY 28, 2022

Education 98

Education Account accountant accounted 98

Withum

JULY 28, 2022

Over the past few months, the SBA has provided several audit-specific webinars for entities that have received an SVOG grant. These webinars have provided details and clarity around the requirement. The audit requirement is different for non-profit entities (referred to as non-Federal entities within 2 CFR 200) and for-profit entities. It is important to note the difference in the requirements between those entities and for recipients to plan accordingly based on their entity’s requirement

audit 64

audit Non-Profits Entertainment financial statements 64

Accounting Today

JULY 28, 2022

audit 98

audit 98

ThomsonReuters

JULY 28, 2022

Notice of Proposed Rulemaking: Nondiscrimination in Health Programs and Activities, 42 CFR Parts 438, 440, and 460; 45 CFR Parts 80, 84, 86, 91, 92, 147, 155, and 156, 87 Fed. Reg. __ (__, 2022); Fact Sheet: Nondiscrimination in Health Programs and Activities Proposed Rule Section 1557 of the Affordable Care Act (July 25, 2022). Proposed Regulations.

Tax 98

Tax Account accountant accounted 98

Advertiser: Paycor

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

Accounting Today

JULY 28, 2022

South Dakota 98

South Dakota Sales Tax 98

Accounting Today

JULY 28, 2022

98

98

Accounting Today

JULY 28, 2022

accounting firms 80

accounting firms Account accountant accounted 80

Accounting Today

JULY 28, 2022

Tax 101

Tax corporation tax 101

Advertisement

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance