Wed.Mar 31, 2021

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COVID-Related Deadline Extensions for Health Care Benefits

RogerRossmeisl

The U.S. Department of Labor (DOL) recently issued EBSA Disaster Relief Notice 2021-01, which is of interest to employers. It clarifies the duration of certain COVID-related deadline extensions that apply to health care benefits plans. Extensions to continue The DOL and IRS issued guidance last year specifying that the COVID-19 outbreak period — defined as beginning March 1, 2020, and ending 60 days after the announced end of the COVID-19 national emergency — should be disregarded when calculati

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Consolidation is Coming: How to Play Fintech’s Next Phase

BurklandAssociates

I’ve noticed something interesting popping up on podcasts, panels, and AMAs about the Fintech sector lately. Along with touchless payments and NFTs and direct lending bots, there is a more Read More. The post Consolidation is Coming: How to Play Fintech’s Next Phase appeared first on Burkland.

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Being the CFO Your Client Needs

PANALITIX

RESOURCES / ARTICLES. Being the CFO. Your Client Needs. In a recent webinar, Panalitix CEO Mark Ferris discussed how accountants can offer more strategic (CFO-type) services. Accountants raised great points before and during the event. Here’s a summary below. If you would like to watch the webinar, please get in touch. What do we really mean by strategic (CFO-type) services?

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April Fool’s Day Blog: Income Tax Rates Increased to 94%… or Possibly Vox Pop

Withum

The top income tax rates have varied from 2% to 94% since the first United States income tax was instituted in 1862. Right now the top rate is 37%. There are some add-on federal taxes and payroll and state taxes that further increase the individual tax burden, but this article will concern itself with the top federal tax rates since the income tax started.

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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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Side Hustlers! Don’t Forget to Pay Your Small Business Taxes

inDinero Tax Tips

Did you make extra money using your skills and experience on the side in 2020? Tax season is here. Did you remember to make estimated tax payments? Are you aware of all the tax deductions for your side hustle? According to the IRS, gig-workers, freelancers, or people with a side hustle are self-employed. Extra income earned may require additional tax payments throughout the year, otherwise known as estimated tax payments.

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Finding Hidden Business Income in a Divorce Case

FraudFiles

When a divorce or a child support issue is looming, it’s amazing how a quickly a closely held business starts “losing money.” I use quotes because such a situation is so predictable. One party wants to protect her or his assets, and when there is a business involved, the motivation to hide money can be stronger than usual. The types of businesses that can be prone to manipulation of the books include restaurants, retail stores, doctor or dentist offices, construction companies, auto dealerships,

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Cryptocurrency Taxes: Don’t Sell Before You Read This!

LyfeAccounting

?. When it comes to investing in cryptocurrencies like Bitcoin and Euthereum, it’s common to think about the massive gains you can get. And as long as Bitcoin continues mooning to an all-time-highs, we don’t blame you. But, you should also consider the possibility of paying taxes when you sell your cryptocurrency. That’s where we come in. We’ve done the research for you and this will be the only article you need to understand cryptocurrency taxes.

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Life Insurance Policy Loan: A Tax Nightmare

CTP

Bruce Brown fell into the life insurance policy loan trap. Brown, a commercial litigation attorney, purchased a life insurance policy from Northwestern Mutual Life Insurance Company. For the first six and a half years, he paid the insurance premiums by check. For the next 15 1/2 years, he paid the premiums by borrowing at 8 […]. The post Life Insurance Policy Loan: A Tax Nightmare appeared first on certifiedtaxcoach.

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What is a Chart of Accounts?

AccountingDepartment

The chart of accounts, or COA, is an accounting term that refers to the list of all the accounts used in the general ledger.

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No Tax Breaks for Outsourcing Act Eliminates Benefits to Corporations

Withum

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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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Attend a CPAFMA Chapter Meeting

RitaKeller

“Connecting with others is rewarding; it makes us feel like we are not alone in the world.” – Jonah Berger. Yesterday, I wrote about the importance of connecting and learning from others in the profession of CPA firm management. The CPA Firm Management Association chapter meetings are a great way to continually learn and also a way to share your successes.

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Women in Construction: Interview with Bridget Davis, Owner, GWS Environmental Contractors, Inc.

Withum

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EIDL Updates For Skagit County Business Owners

SkagitCountyTaxServices

With all the floods, fires, hurricanes, and other events that happened in 2019, it turned out to have been a very expensive year for natural disasters. Then…2020 rolled in and said, “Wait until you see what I’ve got!”. For decades, a little-known federal loan program administered by the Small Business Administration (SBA) provided short-term working capital to small businesses impacted by such natural disasters.

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Mastering Inventory Management in the New Normal

Withum

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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North Carolina State Tax Updates

Withum

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2021 Stop Tax Haven Abuse Act Targets Corporate Tax Loopholes

Withum

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The Rise of Coding as a Result of the Pandemic with Codeacademy

Withum

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What’s the Recent Proposed Regulations Impacting International Business

Withum

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.