Tue.Mar 15, 2022

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The IRS Stands To Receive an Increased $12.6 Billion Budget From the Omnibus Spending Bill

Withum

After years of attempting to make ends meet on a shoestring budget, the IRS stands to receive a $675 million funding increase from the Omnibus spending bill passed in the Senate last week. To stave off an impending government shutdown, federal lawmakers passed a $1.5 trillion funding bill that includes a $12.6 billion budget for the IRS. With the new funding, the IRS’s budget allocates $2.8 billion for taxpayer services, including the Office of Taxpayer Advocate, and increased hiring; $5.4 billi

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Signs Your Financial Close Needs Help

AccountingDepartment

As companies close their books from 2021 and start the new year, not every closing period goes smooth and sometimes can be done better. Whether you are closing a month, quarter, or year, closing the books is an essential activity that accounting professionals rarely look forward to.

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A Culture of Checking In

RitaKeller

“The more you check in with your people the more love-filled your team will be, and so the more productivity, creativity, resilience, and collaboration you will get.” – Marcus Buckingham. When I read the above quote, it brought to mind the 12 Questions to measure employee engagement first introduced by Marcus Buckingham in his book, First Break All The Rules.

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How to Start a Business

Withum

Starting a business involves having an idea to do or make something that people would pay for or buy, getting organized, carrying it out, making sure you are adequately capitalized, promoting, marketing and selling your product or service and pricing it right, establishing a back office and infrastructure, setting up the right tax entity and making the right initial binding tax elections, developing a website and e-commerce store, setting up a banking and credit card relationship and 50 other th

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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CalCPA BUZZ: Service Award Nomination Period Open

CalCPA

Recognize an outstanding member or firm by submitting a nomination for a CalCPA Service Award: Public Service Award (individual): Given to a CPA. The post CalCPA BUZZ: Service Award Nomination Period Open appeared first on Hot Topics.

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Being Known, Liked and Trusted is not enough!

Mark Lee

You have probably heard the suggestion that it’s important to help people get to ‘know, like and trust’ you. Only then will they buy from you. Only then will they even consider becoming your client. This idea originated in the book ‘Endless Referrals’, written by Bob Burg, who said: “All things being equal, people do business with, and refer business to people they Know, Like and Trust.”.

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Controlled Unclassified Information Compliance with Microsoft 365

Withum

Over the past couple of years, Withum has been quite involved with Department of Defense contractors who must meet Controlled Unclassified Information (CUI) requirements on the corporate data they are working with. As more regulations keep coming from the government, companies leveraging Microsoft 365 (M365) have been trying to figure out the best approach to meet the requirements within their environment.

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BC PST Rebate Reminder (March 31, 2022)

DMCL

Is your business planning any purchases or leases of tangible assets in BC? If there will be BC PST charged, consider ordering, being invoiced and paying for them by the end of this month, March 31, to recover the PST if they are eligible assets. Purchases and leases for most tangible assets qualify as long as they are invoiced and paid for by the March 31, 2022 deadline.

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Biden’s Expansion of Pandemic Fraud Investigations: What it Means to You

Withum

During his State of the Union Address, President Biden vowed to bolster pandemic related fraud investigations, promising increased prosecutorial efforts specifically related to Paycheck Protection Program (“PPP”) fraud. Any company that has received a PPP loan, an Economic Injury Disaster Loan (“EIDL”), or any other form of pandemic relief, should consider and properly address any potential problems with their applications or usage of pandemic funds before a government investigation is initiated

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What’s new in state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates, with a special focus this month on how more states and jurisdictions look to roll back sales tax. Lawmakers often cite inflation as a key factor in reducing sales tax. The regressive nature of sales tax, for instance, is the crux of the argument of one Pennsylvania legislator who recently called for complete elimination of that state’s sales and use tax.

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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.