Mon.Aug 02, 2021

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How Much Does a CPA Cost?

xendoo

How much is your business currently spending on accounting costs? According to the small business organization known as SCORE, roughly 1 in 5 small businesses are sinking as much as $10,000 in bookkeeping costs and other fees. Roughly 1 in 6 are spending $20,000 or more! How much does a CPA cost in 2021? Do you really need a CPA as well as a bookkeeper?

CPA 88
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Can Non-Working Spouses Contribute to an IRA?

RogerRossmeisl

Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly parents. In general, an IRA contribution is allowed only if a taxpayer earns compensation. However, there’s an exception involving a “spousal” IRA. It allows contributions to be made for nonworking spouses.

CPA 246
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Launching A Start-up: How Much Capital Is Needed To Put Up The Business?

AccountingDepartment

As an entrepreneur thinking of launching a small to mid-sized business, you may be wondering how much capital is needed to put up the business. The amount of capital you need depends on many factors. The type of business, whether you plan to outsource processes or keep everything in-house and whether your products and/or services will be offered online , from a brick-and-mortar base, or a combination of both are just three things that impact how much money you need.

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Seniors May Be Able to Write Off Medicare Premiums

RogerRossmeisl

Are you age 65 and older and have basic Medicare insurance? You may need to pay additional premiums to get the level of coverage you want. The premiums can be expensive, especially if you’re married and both you and your spouse are paying them. But there may be a bright side: You may qualify for a tax break for paying the premiums. Medicare premiums are medical expenses You can combine premiums for Medicare health insurance with other qualifying medical expenses for purposes of claiming an itemi

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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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8 Benefits of Online Bookkeeping

xendoo

You’ve put your heart and soul into your business. So why does it feel like you’re spinning your wheels, trying to keep up with your core business and your administrative overhead at the same time? . When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. After all, it kept costs down.

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Don’t Let Fraud Ruin Your Restaurant’s Reopening

RogerRossmeisl

Most restaurants are finally reopening to in-person dining. And while you may now be thinking about luring customers back, hiring enough workers and managing supply-chain shortages, one issue has remained the same: fraud. Restaurants often face fraud threats from employees, customers and vendors. So now isn’t the time to drop your guard. Potential risks Your restaurant may have high transaction volumes but lack the technology linking point-of-sale, inventory and accounting systems.

CPA 246

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Are You Liable for Fraudulent Credit and Debit Card Charges?

RogerRossmeisl

Credit and debit card fraud was already a big problem when COVID-19 hit. Although how much payment card fraud increased in 2020 depends on the source, most experts agree that, like most types of fraud, it flourished during the pandemic. COVID-19-related prevention and treatment scams and increased online shopping likely contributed to this rise. If you become a victim, it’s probably good to hear that the law protects consumers from serious losses.

CPA 130
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Infrastructure Bill is Almost Ready for Passage

Withum

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Dilbert Gets It Right

RitaKeller

“Engineers like to solve problems. If there are no problems handly available, they will create their own problems.” – Scott Adams. In today’s above quotation, you could easily replace engineeers with accountants. Scott Adams is the creator of Dilbert. If you work in a professional service firm office, you can almost always relate to the Dilbert comic strip every day.

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Last Week in Payroll: Athletes and Equal Pay

ThomsonReuters

On August 8, 2021, the Summer Olympics in Tokyo (Games of the XXXII Olympiad) will conclude with the closing ceremonies on Sunday evening. These games were delayed a year due to the COVID-19 pandemic. Despite the pandemic and lack of fans in the stands, I have been watching all of the athletes compete with similar excitement and joy as I did with prior Olympic games. .

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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.