Tue.Jul 06, 2021

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Understanding the 2021 Changes to the Child Tax Credit

CTP

Taxpayers who have children in their care should be aware that the Child Tax Credit has been changed for one year, effective for 2021. Here’s a review of the changes to the previous Child Tax Credit laws: Prior to 2021 In 2021 Children under age 17 at the end of the tax year are eligible […]. The post Understanding the 2021 Changes to the Child Tax Credit appeared first on certifiedtaxcoach.

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Missouri Enacts Economic Nexus

TaxConnex

Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. T he Show Me State follows on the heels of Florida , where economic nexus kicked in as of July 1 for remote sellers and marketplace facilitators. Missouri Gov. Mike Parson has signed SB153 (combined with SB97) into law, allowing Missouri and local jurisdictions to collect use tax and, proponents say, help protect local brick-and-mortar businesses.?.

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Cities Where Small Businesses Have Been Impacted Most by COVID-19

BurklandAssociates

Story name: Cities where small businesses have been impacted most by COVID-19 Story link: [link] Written by: Ellen Wulfhorst Ylenia Cancelli // Shutterstock Cities where small businesses have been impacted Read More. The post Cities Where Small Businesses Have Been Impacted Most by COVID-19 appeared first on Burkland.

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33 Year Partnership Anniversary

Withum

July 1st was the 33rd anniversary of my partnership with Peter Weitsen. We became partners in MendlowitzWeitsen, LLP on July 1, 1988 and merged into Withum on January 1, 2005. We were partners 16 ½ years before Withum and then 16 ½ years at Withum. A 33 year partnership and still counting. It has been a joy.

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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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5 Tips to Make Working From Home Easier

AccountingDepartment

Working from home is one of the best things that can happen to some until they get to experience some of the more difficult aspects of the work-from-home lifestyle. Over the last year and a half, more people than ever are working from home and companies have had to make this adjustment, whether they wanted to or not. Nowadays, many companies made the switch to staying remote and employees are having to adjust on their own to this new style of work.

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Purchase Price Allocation Rules

Generate Accounting

When you purchase a business, thought needs to be given to how you will value assets like stock, property and financial arrangements. Inland Revenue has brought in Purchase Price Allocation Rules to standardise the process. The rules apply from 1 July 2021 and will ensure that both the purchaser and the vendor account for valuations on the same basis.

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Purchase Price Allocation Rules

Generate Accounting

When you purchase a business, thought needs to be given to how you will value assets like stock, property and financial arrangements. Inland Revenue has brought in Purchase Price Allocation Rules to standardise the process. The rules apply from 1 July 2021 and will ensure that both the purchaser and the vendor account for valuations on the same basis.

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Stopping Employees From Stealing

FraudFiles

It might be hard to believe, but each and every day companies are losing money because they not only give employees opportunities to steal, they encourage it. How? By not providing adequate oversight. A clerk, for example, sees that an error in an account wasn’t caught by anyone. A purchasing manager notices that no one is watching over his vendor relationships, and won’t know it if he establishes a fake account.

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You Know What I Like!

RitaKeller

“Bad news travels at the speed of light; good news travels like molasses.” – Tracy Morgan. I recently heard an old song by someone called The Big Bopper. He died on the famous plane crash with Buddy Holly. It happened on February 3, 1959, and has been called “The Day the Music Died.” It was referred to in Don McLean’s classic American Pie.

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6 Easy Steps on How to Buy a Business in 2021

LyfeAccounting

Starting a business from scratch is not the only way to start a business. In fact, in a lot of instances, it is much easier to buy an existing business than starting from ground zero. For example, when you buy an existing business you already have things like recurring revenue, an established customer base, and a track record to go off of. In this post, we will explain the 6 general steps of buying an existing business and what to look out for when choosing a business to buy.

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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.