FraudFiles

FEBRUARY 3, 2022

Below is a lengthy list of items that a divorce attorney should consider requesting in discovery in family law cases. In an ordinary divorce or child support matter, many of these items will be irrelevant or non-existent. This list is provided to give you a comprehensive list of items you should consider. However, this list is not exhaustive, and depending on the unique financial issues in your case, additional items may need to be requested.

Real Estate 52

Real Estate tax return income tax accounting and finance 52

TaxConnex

FEBRUARY 3, 2022

Sales tax has evolved a lot in recent years. So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. And why not? According to the Tax Policy Center, money collected from sales tax can be the leading source for many jurisdictions, constituting 25% to 35% of a state’s revenue.

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audit Sales Tax auditor 172

Withum

FEBRUARY 3, 2022

Last week I presented some opinions about last year’s market performance. Here are some more comments where I use illustrations from three articles that appeared in Barron’s. I read Barron’s weekly, enjoy reading it and find valuable news and information in it and highly recommend it to anyone interested in keeping up with what is going on in the stock and bond markets.

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Tax 97

ThomsonReuters

FEBRUARY 3, 2022

IRS Publication 502 (Medical and Dental Expenses (for 2021 Returns)); IRS Publication 503 (Child and Dependent Care Expenses (for 2021 Returns)). Publication 502. Publication 503. The IRS has released updated versions of Publications 502 and 503 for the 2021 tax year. Publication 502 describes the medical expenses that are deductible by taxpayers on their 2021 federal income tax returns.

income tax 96

income tax tax return Tax Account 96

Advertiser: Paycor

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.

AccountingDepartment

FEBRUARY 3, 2022

If you run a business, then you already know how important cash flow is to your operations. You need cash flow to keep the lights on, pay your employees, and cover material costs. You have to spend money to make money, right? And the only way you can spend money is if you have a healthy cash flow in your business. Good cash flow has two primary characteristics: it's positive and predictable.

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business accounting Account accountant accounted 73

ThomsonReuters

FEBRUARY 3, 2022

IRS Form 8889 (Health Savings Accounts (HSAs)) and Instructions (2021). Form 8889. Instructions. The IRS has released the 2021 version of Form 8889 (Health Savings Accounts (HSAs)) and its instructions. HSA holders (and beneficiaries of deceased HSA holders) must attach Form 8889 to their Forms 1040, 1040-SR, or 1040-NR to report tax-related events affecting their HSAs, including contributions and distributions.

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Tax Account accountant accounted 96

ThomsonReuters

FEBRUARY 3, 2022

QUESTION: As a TPA for group health plans, we are considering contracting with a cloud service provider to back up our clients’ electronic protected health information (ePHI). Do we need a HIPAA business associate contract with the cloud service provider? ANSWER: A cloud service provider (CSP) is considered a HIPAA business associate when a covered entity, such as a group health plan, engages the CSP to create, receive, maintain, or transmit ePHI (such as to process or store ePHI) on its behal

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Tax Account accountant accounted 59

Accounting Web

FEBRUARY 3, 2022

Accounting Software News Ledgible Announces Crypto Staking Tax Options.

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Tax accounting software Account accountant 85

ThomsonReuters

FEBRUARY 3, 2022

Johnson v. Ballad Health, 2022 WL 214488 (E.D. Tenn. 2022). The employee in this case was automatically enrolled in an employer-paid long-term disability plan, which provided a benefit of 40% of earnings. She also opted for the employee-paid “buy-up” benefit, which was described in the plan as 60% of earnings. The employer’s SPD described the buy-up benefit as “additional coverage” of 60%, and the employee’s benefit confirmation statement described her coverage as “100% of salary.

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Tax Account accountant accounted 59

KROST

FEBRUARY 3, 2022

LOS ANGELES, CA [Feb 3, 2022] — Los Angeles-based CPA Firm, KROST CPAs and Consultants announced that Greg Kniss has been appointed to Chairman of the Board, Jason Melillo promoted as the new CEO, and Keith Hamasaki to Principal of Assurance & Advisory services. Greg Kniss has been actively involved with the firm’s business consulting and tax practice for nearly 40 years and has grown the firm from just a few members to now over 270 members.

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cpas Real Estate California Manufacturing 52

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.

Withum

FEBRUARY 3, 2022

Governor Phil Murphy signed into law Bills S844 and S2533 which revised New Jersey financial reporting requirements with the Attorney General charities and excludes non-monetary in-kind donations, related to an organization’s tax-exempt purpose, from gross revenue for the purpose of reporting requirements. The legislation signed on January 18, 2022 is effective immediately.

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New Jersey audit Non-Profits financial statements 52

5 Minute Bookkeeping

FEBRUARY 3, 2022

If you’re here, you’ve likely heard of the 5 Minute Bookkeeping blog, and maybe the 5 Minute Bookkeeping YouTube channel , too. I love interacting with our community online, and I thought that for a change, you might want to see a behind the scenes look at how I put together the videos for my YouTube channel. Read on to see what happens behind the scenes at 5 Minute Bookkeeping and how these videos come about.

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bookkeeping Start-ups E-commerce quickbooks 52

Steve Feinberg

FEBRUARY 3, 2022

At first glance, you wouldn’t think this news matters that much as most small businesses don’t pay Interest/Dividends tax. So, what’s changing? In 2022 the rate is 5%, and then 4% in 2023, 3% in 2024, 2% in 2025, 1% in 2026, and then completely repealed after 2026. Although New Hampshire has NO personal income tax, a common technique used in other states is to reduce social security taxes by taking distributions from their S Corporations rather than wages.

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New Hampshire Tax income tax tax return 45

RitaKeller

FEBRUARY 3, 2022

“There is no way I can justify my salary level but I am learning to live with it.” – Drew Carey. Many firms have acknowledged that they are willing to overpay when pursuing new, hard to find, talent. Where will it end? When will it end? Who knows? I have two concerns. First, will new, unproven, maybe less skilled employees be making more than proven, long-time team members?

CPA 45

CPA 45

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

Technology

IgniteSpot

FEBRUARY 3, 2022

small business accounting 98

small business accounting business accounting quickbooks Account 98

ThomsonReuters

FEBRUARY 3, 2022

For any business offering a service or solution, customer care and client communication are always huge priorities. However, answering the same questions over and over again can quickly become time-consuming and repetitive for tax and accounting firms of all sizes. FAQs from tax and accounting clients. In any tax and accounting firm, there are numerous frequently asked questions (FAQs) your team will deal with regularly.

Tax 52

Tax Account accountant accounted 52

Withum

FEBRUARY 3, 2022

For the latest news and updates on Oklahoma state and local tax. February 4, 2022. Oklahoma Tax Commission Determines Taxpayer’s Prosthetic Device Sales Were Exempt from Sales Tax. An Oklahoma Tax Commission Letter Ruling (Okla. Tax Comm’n. Letter Ruling LR-19-020) clarified the sales of prosthetic devices are exempt from sales tax. The Taxpayer must sufficiently detail and disclose the qualifying prosthetic devices as a separate line item(s) in its invoice(s) to healthcare providers to qualify

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Oklahoma Tax income tax tax return 52