Wed.May 19, 2021

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How should I account for lease modifications under ASC 842?

ThomsonReuters

Historically, accounting for lease modifications is an area you may have found an infrequent need to address. The COVID-19 pandemic has upset that general rule, with lease concessions and terminations becoming all too common to afford relief to lessees under difficult economic conditions and disruptions. These adverse circumstances have served to place a spotlight on the necessity for entities to have processes and systems in place to account for lease modifications properly.

Account 98
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How to Calculate Payroll Taxes

Patriot Software

Having employees is an amazing feeling. Learning the responsibilities of being an employer can be daunting, though. One responsibility you have once you hire employees is withholding taxes from their paychecks. For accurate withholding, learn how to calculate payroll taxes. What are payroll taxes? When you think of payroll taxes, you might think of all […] READ MORE.

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How the pandemic has changed client communications for good

ThomsonReuters

Over the past year, virtual communication practices have accelerated and changed our normal pattern of behavior with our clients. Are we going to text, email, call, or even comb our hair and do a Zoom meeting? In this episode of Pulse of the Practice “ Communication Standards ”, Paul Miller, Owner of Business by Design , and I discuss the pandemic’s impact on our client communication practices, what we’ve learned, and what we can apply as standards going forward.

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When to Start or Wait for Social Security

Withum

“When should I start collecting Social Security?” is a frequent question clients ask me. They are getting close to the age when they are eligible and it seems this is not as simple as one might expect. I’ve previously posted about this which addresses many of these questions but decided to update it.

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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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The Four Most Important Financial Statements for Your Business

AccountingDepartment

As a business owner or manager, you likely spend some time generating and analyzing financial statements. However, no two statements are of exactly the same importance. Some financial statements are essential to understanding the financial health of a business while others are less significant. Let’s take a look at the most important four financial statements for all businesses.

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Why Your Nonprofit Needs a Sustainer Program (And How To Get Started)

GrowthForceBlog

8 min read. Building and managing a sustainer program for your nonprofit can be complicated, and if not done right, may yield less than desired results.

Account 72

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Restaurant Revitalization Fund (RRF) Grant Help – Sign the Petition Now

KROST

Congress passed a $28 billion recovery fund, estimated to be enough to fund roughly 100,000 grants for the restaurant industry. However, in just the first few days of launching it, the SBA received about 186,000 applications. In fact, the latest reporting indicates that the number has grown to 266,000 applications, requesting a total amount of dollars that is twice what is available in the fund.

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Why You Should Hire an Experienced Florida Accountant

xendoo

As a small business owner, you want to keep your head in the game. After all, you started your business because you’re passionate about the work you do, and you want to connect your products and services to customers. So why are you trying to juggle your own books? We understand the pressures that small business owners are experiencing. Handling your own bookkeeping and accounting may seem like an easy corner to cut, but the chances are that you’ll pay for it in one way or another. .

Florida 52
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More on Billionaires Divorcing

FraudFiles

Last week I wrote about the billionaire divorce I worked on , as the Bill and Melinda Gates divorce story made headlines. These cases are once-in-a-lifetime cases, although last year I had an opportunity to work on one again. But after failing to reach a settlement for several months, an offer was made that was finally good enough, and the divorce was settled before I was retained to do a lifestyle analysis.

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4 Next Steps for Business Tax Return Review

SkagitCountyTaxServices

This week marks the end of another tumultuous tax filing season. I can’t remember anything like it. With the last minute legislative changes, software update delays, and IRS service issues — this very well might have been the most disrupted and difficult tax season in decades. But despite an exhausting tax season, we’re never done, and we’re always here for YOU – including for a business tax return review.

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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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Inventory Control Techniques Missing in Your Company

Withum

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How to File a Business Tax Extension in Florida

xendoo

With so many day-to-day responsibilities that go into running a small business, such as inventory accounting, staffing, bookkeeping, and marketing, it can be easy to forget about the tax deadline. Yet, before you know it, their tax deadline came and went. . Without a filed return, you may be wringing your hands and asking yourself questions on what to do next.

Florida 52
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Power Apps Journey at Heathrow Airport

Withum

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