TaxConnex

AUGUST 5, 2021

Ever had a bad connection on a video conferencing platform? It can be a confusing and frustrating experience. That’s a lot like understanding the taxes on videoconferencing services right now. With the recent boom of video conferencing brought on by the necessity of a way to meet during the pandemic, businesses and governments alike are trying to figure out how to best apply sales tax to these services, or if they are even taxable.

Maryland 217

Maryland Virginia New York California 217

RogerRossmeisl

AUGUST 5, 2021

Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020 through June 2021, the U.S. Census Bureau reports that business applications are up 18.6%. The Bureau measures this by the number of businesses applying for an Employer Identification Number. Entrepreneurs often don’t know that many of the expenses incurred by start-ups can’t be currently deducted.

Start-ups 246

Start-ups tax return Tax CPA 246

xendoo

AUGUST 5, 2021

Small businesses are making the leap into digitalization to respond to evolving consumer behavior and expectations, adapting to new working norms, putting data to work to drive performance and building business resiliency. The post 4 Reasons Why Digital Transformation Is Table Stakes for Small Businesses appeared first on Xendoo.

accounting online 140

accounting online online accounting Account accountant 140

RogerRossmeisl

AUGUST 5, 2021

Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and clerical costs? Under current tax law, these expenses aren’t deductible through 2025 if they’re considered investment expenses for the production of income. But they’re deductible if they’re considered trade or business expenses.

CPA 130

CPA Tax 130

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

Withum

AUGUST 5, 2021

Comparing taxes among countries is a hobby for some, a talking point for others and an important metric for those that devise strategies or who track foreign trade and investments. However, it is an uneven process. Currencies, tax rates and how they are applied, fluctuating economic conditions, population sizes, governmental restrictions and regulations, the tax base and what is taxed and extraterritorial activities vary making comparisons inaccurate.

Tax 105

Tax 105

MazumaBusinessAccounting

AUGUST 5, 2021

It’s tax time and you don’t have receipts for last year’s business expenses. Now what? You can still claim deductions on your taxes without receipts for every transaction. Keep in mind that you don’t have to send your shoebox full of receipts to the IRS. You’ll only need them if you’re audited (which can happen up to 6 years after filing your taxes).

audit 98

audit bookkeeping Tax business tax 98

Patriot Software

AUGUST 5, 2021

More and more states are jumping aboard the paid family leave bandwagon. One of the newest states to get in on the trend is Oregon. Read on to learn more about the new Oregon paid family leave program and how it impacts your business. Overview of paid family leave Paid family leave (PFL) requires employers […] READ MORE.

Oregon 97

Oregon payroll 97

AccountingDepartment

AUGUST 5, 2021

Business process automation is evolving and becoming more popular to drive growth for companies. Freeing up staff and having the ability to transfer busy work to machines allows employees to flex their creativity and problem-solving skills. The result is accomplishing more while the automation takes care of the rest behind the scenes.

NetSuite 97

NetSuite 97

Pooley Accounting Services

AUGUST 5, 2021

When it comes to paperwork, most business owners fall into one of two extremes. There are those who have huge boxes full of every receipt, invoice, carbon copy, and cocktail napkin they’ve ever come across (“just in case”), and those who hold onto almost nothing. . So, what do you REALLY need to keep for taxes, and how long do you need to keep it? .

Tax 52

Tax Real Estate tax return audit 52

ThomsonReuters

AUGUST 5, 2021

On August 4, 2021, the IRS released Notice 2021-49 that provides additional guidance regarding claiming the Employee Retention Credit (ERC) for employers who pay qualified wages after June 30, 2021, and before January 1, 2022 [IR 2021-165,?Notice 2021-49]. Overview. The Employee Retention Credit is a refundable tax?credit against certain employment taxes of the qualified wages an eligible employer pays to employees?

tax return 52

tax return payroll Tax income tax 52

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.

xendoo

AUGUST 5, 2021

When it comes to financial health as your scaling your startup there are six steps to healthy financials for scaling your startup. Watch for insightful tips for your small business by our CEO and Founder Lil Roberts, at This Week in Startups – Scaling your Startup. E1224 of Low Burn. The post Low-Burn | Scaling Your Startup S2 E8 with Neyborly’s Ben Seidl & Xendoo’s Lil Roberts | E1224 appeared first on Xendoo.

accounting software 52

accounting software online accounting bookkeeping Account 52

ThomsonReuters

AUGUST 5, 2021

It is time to point a critical lens at the tax software your firm is using and ask yourself the question: is it working for us? Your tax software is one of the strongest tools at your disposal for increasing efficiency and making life easier for your clients and your team, but is it enough? . Changing tax software can be a daunting process – but is essential for any firm looking to grow and increase the efficiency and breadth of services they can provide their clients.

Tax 52

Tax tax return Start-ups Technology 52

RitaKeller

AUGUST 5, 2021

“Every skill you acquire doubles your odds of success.” – Scott Adams. I read a press release yesterday that I thought would be of interest to you. Rootworks (Darren Root) has acquired CPA Practice Advisor. As you probably know, Rootworks was acquired by Right Networks a while back. Rootworks is now “a company of Right Networks.” Here’s a link to the press release via Yahoo.

CPA 45

CPA 45

ThomsonReuters

AUGUST 5, 2021

MMSEA Section 111 MSP Mandatory Reporting, GHP User Guide, Version 6.2 (Rev. 2021/11 June); CMS Technical Alert: Inclusion of Part D Information in Section 111 Query Only Response File for Responsible Reporting Entities (RREs) That Provide Primary Prescription Drug Information (June 28, 2021). User Guide. Technical Alert. CMS has updated its GHP User Guide and issued a technical alert on the Medicare Secondary Payer (MSP) reporting processes for prescription drug coverage, which became mandatory

Tax 52

Tax Account accountant accounted 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

AUGUST 5, 2021

New York 85

New York Tax 85

ThomsonReuters

AUGUST 5, 2021

Summer 2021 Cybersecurity Newsletter—Controlling Access to ePHI: For Whose Eyes Only? (July 14, 2021); CISA: New StopRansomware.gov website—The U.S. Government’s One-Stop Location to Stop Ransomware (July 15, 2021). Newsletter. Ransomware. OCR has released its Summer 2021 Cybersecurity Newsletter, emphasizing the importance of regulating access to PHI using the HIPAA security rule’s standards for information access management and access control.

Government 52

Government Tax Account accountant 52

ThomsonReuters

AUGUST 5, 2021

Guidance on “Long COVID” as a Disability Under the ADA, Section 504, and Section 1557 (July 26, 2021). Guidance. Press Release. HHS has issued guidance advising that “long COVID” can be a disability under Titles II (state and local government) and III (public accommodations) of the Americans with Disabilities Act (ADA) and Section 1557 of the Affordable Care Act.

Government 52

Government Tax Account accountant 52

ThomsonReuters

AUGUST 5, 2021

QUESTION: Our company is changing from an insured medical plan to a self-insured arrangement. Should we create a plan document, or should we use a document from our TPA? ANSWER: Your company, as the plan sponsor, is responsible for the content and formal adoption of the ERISA-required written plan document. You have these responsibilities whether the plan is insured or self-insured, but they are more significant with a self-insured health plan because the employer typically is financially resp

Legal 52

Legal Government audit Tax 52

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