Mon.Jun 14, 2021

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The Two Pizza Rule and the Value of IT Automation for Tax and Accounting

ThomsonReuters

Remote work, along with the tools used to connect teams and apps, is on everyone’s mind these days. How do you know when it’s time to automate processes? How do you know when you need tools to connect teams? As usual, the big brains at Amazon are way ahead of us. . Consider this: T he Guardian reports , “ I n the early days of? Amazon , Jeff Bezos instituted a rule: every internal team should be small enough that it can be fed with two pizzas.

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Working in the Gig Economy Results in Tax Obligations

RogerRossmeisl

Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing, according to several reports. And reductions in working hours during the pandemic have caused even more people to turn to gig work to make up lost income. There are tax consequences for the people who perform these jobs, which include providing car rides, delivering food, walking dogs and providing other services.

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Best Practices for (Annual) Strategy Meetings

PANALITIX

RESOURCES / ARTICLES. Best Practices for . (Annual) Strategy Meetings. Partners, owners and/or managers of accounting businesses need to work on business strategy from time to time. These sessions can be hugely productive or… frankly… a waste of time. In this article we look at some best practices in strategy meetings which will help you get the best outcomes. .

Start-ups 130
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Providing Education Assistance to Employees

RogerRossmeisl

Providing education assistance to employees is done by many businesses as a fringe benefits so their employees can improve their skills and gain additional knowledge. An employee can receive, on a tax-free basis, up to $5,250 each year from his or her employer for educational assistance under a “qualified educational assistance program.” For this purpose, “education” means any form of instruction or training that improves or develops an individual’s capabilities.

Education 132
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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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Artificial Intelligence is Revolutionizing Schedule K-1 (Form 1065)

ThomsonReuters

Each year, more than 40 million Schedule K-1 (Form 1065) are sent to US taxpayers, reporting income and other financial information stemming from their participation in partnerships, S corporations, and trusts. Unlike W-2 forms and other IRS-mandated documentation, however, K-1s needn’t be produced in a standard format, so they come in a variety of formats and may include unstructured data, free-form text, footnotes, statements, and disclosures.

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Financial Statement Myths and George Washington

Withum

My webinar “season” is coming to a brief ending on Thursday with two programs I think anyone would enjoy. They are on Financial Statement Myths and the Finances of George Washington. I have others scheduled throughout the year, but these are more appropriate for the public and not just accountants.

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One Way Street

RitaKeller

“There is only one way to happiness and that is to cease worrying about things which are beyond the power of our will.” – Epictetus. Wise words from Agatha Christie’s Miss Marple when discussing living in the past – a past that one loved and enjoyed: “I learned what I suppose I really knew already, that one can never go back, that one should not ever try to go back – that the essence of life is going forward.

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HHS Issues Revised Notice of Reporting Requirements and Reporting Timeline for Recipients of Provider Relief Fund Payments

Withum

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Last Week in Payroll: Localization of Work

ThomsonReuters

Localization of Work. In May of 2004, the U.S. Department of Labor (DOL) issued Unemployment Insurance Program Letter (UIPL) 20-04 to state workforce agencies regarding the localization of work provisions. The UIPL discusses the principles for determining where wages should be reported when work is performed entirely in one state or in a number of different states.

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How to Keep My New Corporation Out of Trouble?

MyIRSRelief

Running a corporation is not easy. There are many challenges that you will face, some of which you may not even expect until they happen. And while no one is perfect, you can minimize potential problems if you do the basics. This means surrounding yourself with the best personnel, including the right Los Angeles CPA or EA tax firm that can do so much for your needs.

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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.