Wed.Jul 14, 2021

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Hire Your Minor Children for Tax and Non-Tax Benefits

RogerRossmeisl

If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other non-tax benefits. The kids can gain on-the-job experience, spend time with you, save for college and learn how to manage money. And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll tax savings (depending on the child’s age and how your business is organized), and Enable retirement plan contributions for the children.

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Try To Remember How You Felt When The Market Tanked Last Year

Withum

Most people I speak to have faint memories of last year’s stock market drop. The resulting increase created that memory lapse. Question: How did you feel when the market dropped?

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Fraudsters Prefer Cash Because It’s Virtually Untraceable

RogerRossmeisl

Fraud perpetrators take whatever they can get their hands on. But fraudsters prefer cash because it’s virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace even cash-based theft. Multiple opportunities According to the Association of Certified Fraud Examiners, there are three main categories of cash fraud, which includes checks because they’re easily converted to cash: theft of cash on hand, theft of cash receipts, and fraudulent disbursements.

CPA 246
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Top 7 Requirements to Secure Ecommerce Funding (Hint: They’re Not What You Think)

xendoo

In the past, online sellers often had to dig into their own pockets to fund their eCommerce business dreams. . Since small or growing businesses are technically high-risk investments, banks and other financial institutions were reluctant to part with their cash to help eCommerce sellers. . But times have changed. . Today, there is a growing number of funding options eCommerce entrepreneurs can tap into to make even their biggest, hairiest goals reality.

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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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Preventing Ransomware Attacks on Manufacturers

RogerRossmeisl

The world’s largest meat production company was recently sidelined by a ransomware attack. The hack forced the company to temporarily shutter plants in the United States, Canada and Australia, affecting the U.S. meat supply and even hurting commodity prices. If it seems like cybercriminals often target manufacturing (including food processing) and distribution companies, that’s because they do.

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Get the Scoop on the Washington Cares Fund

Patriot Software

If you’re an employer with employees in Washington, listen up. Starting in 2022, you need to make an additional deduction from Washington workers’ paychecks for the Washington Cares Fund. But, what is the Washington Cares Fund, and how much do you have to deduct and remit? Get all of the answers about the new program […] READ MORE.

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Register for the 2021 GovCon Accounting Summit

AccountingDepartment

Join our co-founder, Bill Gerber, at the 2021 GovCon Accounting Summit from July 20, 2021, to July 22, 2021! The GovCon Accounting Summit is the premier educational experience for government contract accounting professionals.

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Steve Padgett’s Insights on Financial Planning for Business Owners

SkagitCountyTaxServices

Last weekin the start of my series on financial planning for business owners, I got a little carried away by all of the talk of “independence.” So, I took the opportunity to ask you a simple question: Are you achieving the independence you want in your business? But there’s another side to this question that you should consider, and it’s this: Have you considered paying yourself more out of your business?

CPA 52
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A List of the 10 Worst Property Taxes By States

LyfeAccounting

Your physical address might result in you paying significantly more in property taxes than someone else. And as millions of Americans rush from one state to another, one thing you just have to keep in mind is property taxes. That’s why in this post, we’re going to uncover the states with the worst property taxes in the country. Read on as today we’re going to have some fun as we go through some of the states with the highest property taxes in the country.

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OUM Joins Its Practice with Withum

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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Gossip & Rumors

RitaKeller

“Often those that criticize others reveal what he himself lacks.” ~ Shannon L. Alder. Rumor : A currently circulating story or report of uncertain or doubtful truth. Gossip : A casual or unconstrained conversation or reports about other people, typically involving details that are not confirmed as being true. Have you read about, or watched shows about Henry VIII (like The Tudors, etc.)?

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WOTC: Wicked Overlooked Tax Credit Extended Through 2025

Withum

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Do-It-Yourself Divorce Financial Analysis

FraudFiles

Hiring a forensic accountant for your divorce is expensive. If you can’t afford a forensic accountant, what can you do when you receive all the financial discovery in your divorce case? First, the documents you’ll need: Tax returns and W-2s. Pay statements or stubs. Bank statements, deposit tickets, canceled checks, check registers (hard copy or software like Quicken).

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Introducing Windows 365: New Way to Deliver a Secure Hybrid Workplace

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