Thu.Dec 16, 2021

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Doing More with Less: Is It Time to Make a Change?

TaxConnex

2021 has been another year of tumultuous change. As the global pandemic dragged deep into the year, much longer than many anticipated, businesses were once again forced to adjust their strategies. The dramatic reduction in available skilled resources left many organizations trying to do more with less, even while business complexities continued to grow.

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2022 Best Tech Startups in Fort Lauderdale

xendoo

The Tech Tribune staff has compiled once again the very best tech startups in Fort Lauderdale, Florida. In their research, they considered several factors including but not limited to: revenue potential, leadership team, brand/product traction, and competitive landscape. Congratulations to all companies nominated. It is an honor to be part of the growing South Florida Tech Scene!

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Premium Increase Upon Retirement Was a COBRA Qualifying Event

ThomsonReuters

Randolph v. E. Baton Rouge Parish Sch. Sys., 2021 WL 5577014 (5th Cir. 2021). Available at [link]. A retired employee sued her employer, alleging that the employer had, on two occasions, failed to provide her a timely COBRA election notice. While working, the employee had been placed on paid administrative leave pending an investigation into a complaint against her.

Tax 98
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How Your Skagit County Business Can Fight Inflation

SkagitCountyTaxServices

Whether you like it or not, you’ve most likely found yourself in a fight against inflation. Somebody hikes prices on your supplier and suddenly your supplier has no choice but to increase the price on you. Then you have no choice but to raise the price on your customer – who (even if they don’t tell you) notices … you can depend on that. Inflation is like that dung they say always rolls downhill — except the prices you pay go in the other direction.

CPA 84
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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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IRS Releases 2022 Versions of HSA Reporting Forms

ThomsonReuters

Form 5498-SA (HSA, Archer MSA, or Medicare Advantage MSA Information) (2022); Instructions for Forms 1099-SA and 5498-SA (2022). Form 5498-SA. Form 1099-SA and 5498-SA Instructions. The IRS has released Form 5498-SA for the 2022 tax year, along with its instructions, which are combined with the instructions for Form 1099-SA. (The 2022 General Instructions for Certain Information Returns, which relate to these and certain other information returns, have not yet been released.

Tax 98
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Goods sold before custom clearance| No Separate GSTIN is required in importing state

VJM Global

Held by Hon’ble Authority of Advance Ruling, Maharashtra. In the case of M/S. KAMDHENU AGROCHEM INDUSTRIES LLP (GST-ARA-112/2019-20/B-87). M/s. Kamdhenu Agrochem Industries LLP (“The Applicant”) is an importer and reseller of Chemicals. The Applicant has a principal place of business in Maharashtra and warehouses in Gujarat and Kerala. The Applicant has obtained GST registration for all 3 states.

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Did You Miss Your State Tax Deduction?

KROST

If you are a shareholder of an S Corporation, partner/member of a partnership/LLC, you might be able to get some of your state tax deduction back. As you may remember, the federal Tax Cuts and Jobs Act reduced the amount of the SALT deduction individuals can claim on their federal tax return to $10,000 starting with the 2018 tax year. California recently passed Assembly Bill 150 (AB 150), which allows qualified entities to pay tax on the income from an S Corporation, or partnership (reported to

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How Do We Self-Correct a Failure to Enroll a New Employee in Our Automatic 401(k) Contributions?

ThomsonReuters

QUESTION: Our 401(k) plan satisfies the nondiscrimination safe harbor under Code § 401(k)(13) by requiring an automatic deferral of 3.5% for each new employee who does not affirmatively elect a different percentage (or zero), and by providing a 100% matching contribution of up to 3.5% of compensation. We have procedures in place to automatically enroll new employees, but due to an administrative error, one new employee was not enrolled for an entire calendar year.

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Be Bold – Lead Don’t Follow

RitaKeller

The best companies don’t focus on where their competition is going. The best companies focus on where they are going. – Simon Sinek. The question gets asked all the time. “What are other firms doing?” Do you ever wonder about those “other firms?” Where are they? How many people do they have? How did they come up with the idea?

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In-House or Outsourced CFO: Comparing Business Accounting Services

IgniteSpot

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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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Cryptocurrency Considerations for Charities

Withum

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HC permitted revision of TRAN–1 as Benefit of ITC can’t be denied on ground of technicalities

VJM Global

Held by Hon’ble High Court of Madras. In the matter of Commissioner of GST and Central Excise and Ors. v. M/s. Bharat Electronics Ltd. [W.A. No.2203 of 2021 dated November 18, 2021]. M/s Bharat Electronics Limited (“BEL”) was having accumulated ITC in pre-GST regime. The BEL filed TRAN-01 within the time limit permitted under GST Law. However, while filing GST TRAN-01, a very less amount was disclosed in column No. 6-” Cenvat admissible as Input Tax Credit” as compared to actual ITC due to cleri

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Investing in Crypto? Beware of Tax Consequences

Withum

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