Sun.Sep 29, 2024

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How Cybersecurity and Physical Security Go Hand in Hand

RogerRossmeisl

Protecting your small business from theft is far more complex than it used to be. Gone are the days when locking the doors was enough to minimize the likelihood of intruders. Today, companies face both physical and cyber risks, and it’s critical to understand how they’re intertwined. The problem with things Imagine that a thief breaks into one of your employee’s cars and steals a company laptop that contains your entire customer database.

CPA 239
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Why Are Employers Having a Hard Time with Gen Z College Grads?

CPA Practice

A new report shows that six out of 10 employers have fired or otherwise dismissed recent Gen Z college graduates they had hired only a few months ago when they graduated. Additionally, nearly 75 percent of companies reported having workplace issues and concerns regarding these workers. This year, 94% of companies report hiring recent college graduates.

Education 104
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Help Ensure Your Partnership or LLC Complies with Tax Law

RogerRossmeisl

When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are some critical issues to include in your agreement so your business remains in compliance with federal tax law. Identify and describe guaranteed payments to partners For income tax purposes, a guaranteed payment is one made by a partnership that’s: 1) to the partner acting in the capacity of a partner, 2) i

Tax 234
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Do You Need to Act on PCI Compliance Emails from QuickBooks?

SchoolofBookkeeping

Receiving emails about PCI compliance from QuickBooks can be a bit daunting, but they are crucial reminders for businesses handling credit card transactions. Understanding what PCI compliance entails and the necessary steps can help you ensure your business remains secure and trustworthy. What is PCI Compliance? PCI DSS (Payment Card Industry Data Security Standard) consists of security measures designed to protect card information during and after transactions.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Treasury, IRS Issue Additional Guidance on the Alternative Fuel Vehicle Refueling Property Credit

RogerRossmeisl

As reported via IR-2024-240 on 9/18/2024 The Department of Treasury and Internal Revenue Service issued proposed regulations to provide guidance for the Alternative Fuel Vehicle Refueling Property Credit (the tax credit related to the installation of EV chargers). The Inflation Reduction Act amended the credit for qualified alternative fuel vehicle refueling property.

CPA 231
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The How of Intuit Enterprise Suite (in part)

Insightful Accountant

Murph has drilled down into some more investor news at Intuit to bring you at least part of 'the how' associated with the new features and functionality of Intuit Enterprise Suite.

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Vasquez & Company Celebrates 55th Anniversary as Largest Latino-Owned U.S. Accounting Firm

CPA Practice

This year marks a milestone for Vasquez + Company LLP, which proudly celebrates its 55th anniversary. The Los Angeles-based firm will celebrate this momentous occasion with a celebratory event in mid-October. Over the past five decades, Vasquez + Company LLP has become the largest minority-owned accounting firm in the nation, a testament to its unwavering commitment to excellence, diversity, and community empowerment.

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What Drives Value for Manufacturing Companies?

RogerRossmeisl

Manufacturers are as varied as the products they make. They come in different sizes and specialties. So no universal formula applies when determining their value. Instead, a business valuator must fully understand the subject company’s operations to arrive at an accurate value conclusion. Here’s a closer look at seven factors that affect value in the manufacturing sector: 1.

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2024 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

RogerRossmeisl

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. Note: Certain tax-filing and tax-payment deadlines may be postponed for taxpayers who reside in or have a business in a federally declared disaster area.

Tax 210
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Is Your Home Office a Tax Haven? Here are the Rules for Deductions

RogerRossmeisl

Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. The numbers are even higher in certain occupational groups. About one in three people in management, professional and related occupations works from home. Your status matters If you work from a home office, you probably want to know: Can I get a tax deduction for the related expenses?

Tax 201
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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Make Year-End Tax Planning Moves Before It’s Too Late!

RogerRossmeisl

With the arrival of fall, it’s an ideal time to begin implementing strategies that could reduce your tax burden for both this year and next. One of the first planning steps is to ascertain whether you’ll take the standard deduction or itemize deductions for 2024. You may not itemize because of the high 2024 standard deduction amounts ($29,200 for joint filers, $14,600 for singles and married couples filing separately, and $21,900 for heads of household).