Mon.Nov 29, 2021

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KYC Rules Help Prevent Fraud and Offer Other Advantages

RogerRossmeisl

For years, banks, financial service and investment companies, and exporters have been required to follow know-your-customer (KYC) processes to thwart criminal activity. Developed to help certain businesses comply with anti-money laundering and anti-terrorism regulations, these programs aren’t mandated for most nonfinancial businesses. But you might want to consider adopting some KYC principles anyway.

CPA 218
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A Complete Guide to Reading Financial Statements

xendoo

You’ve been in business for a while, and your next steps require you to obtain a small business loan. Your lender responds to your request favorably but asks to see your company’s recent balance sheet. . With little experience in reading financial statements, this request makes you freeze in your tracks, uncertain of how to express the success of your growing business.

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Remember to Use Up Your Flexible Spending Account Money

RogerRossmeisl

Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses? As the end of 2021 nears, there are some rules and reminders to keep in mind. An account for health expenses A pre-tax contribution of $2,750 to a health FSA is permitted in 2021. This amount is increasing to $2,850 for 2022.

Account 206
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10 things you should know about payments on account if you’re self-employed

Cheap Accounting

Many self-employed people (AKA sole traders) who complete a Self-Assessment tax return for the first time are left somewhat baffled when their tax bill is much bigger than expected. It happens because after they file their first Self-Assessment tax return, they find out they need to make a “ payment on account ”. . But, what are payments on account and what key things should you know about them?

Account 49
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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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What Does Your Team Want?

RitaKeller

“People have a way of becoming what you encourage them to be.” – – Harvey MacKay. The experts tell us that 79% of workers who recently left their job say they left because of a lack of appreciation. Because of the serious lack of talented professionals in the CPA profession and a weak pipeline for the future, perhaps you have upped your game and are paying people an excellent salary.

CPA 45
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Exit Tax Planning to Avoid/Minimize Expatriation Exit Tax

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State-Level R&D Tax Credits Offer a Unique Opportunity to Double Dip

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Tax 72
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What’s Your Education ROI?

RogerRossmeisl

(This is Blog Post #1132). The post What’s Your Education ROI? appeared first on Roger Rossmeisl, CPA.

Education 193
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Dealer Vision: Volume V

Withum

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Infrastructure Law Sunsets Employee Retention Tax Credit Early

RogerRossmeisl

The Employee Retention Tax Credit (ERTC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has retroactively terminated it before it was scheduled to end. It now only applies through September 30, 2021 (rather than through December 31, 2021) — unless the employer is a “recovery startup business.” The Infrastructure Investment and Jobs Act of 2021 (IIJA 2021), which was signed by President Biden on November 15, 2021, doesn’t have many tax provisions but this

Tax 233
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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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Case Study: Specialty Construction Company Seeking Data Modernization To Improve Core Business Systems

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2021 AICPA & CIMA Dealership Conference – Highlights

Withum

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