ThomsonReuters

DECEMBER 22, 2021

IRS Form 2441. Instructions. The IRS has released Form 2441 (Child and Dependent Care Expenses) and its accompanying instructions for the 2021 tax year. Taxpayers file Form 2441 with Form 1040 to determine the amount of their available dependent care tax credit (DCTC), and DCAP participants must file it with Form 1040 to support the income exclusion for their DCAP reimbursements.

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tax return tax Account accountant 105

GrowthForceBlog

DECEMBER 22, 2021

7 min read. Every time December rolls around, it's always hard to believe yet another year has gone by. And with the demanding schedule of running a nonprofit, we wouldn't be surprised if you feel like you only just addressed your year-end housekeeping for last year!

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ThomsonReuters

DECEMBER 22, 2021

IRS Notice 2022-03 (Dec. 17, 2021); IRS News Release IR-2021-251 (Dec. 17, 2021). Notice. News Release. The IRS has announced the 2022 standard mileage rates for business, medical, and other uses of an automobile, and the 2022 vehicle values that limit the application of certain rules for valuing an automobile’s use. For 2022, the business standard mileage rate is 58.5 cents per mile (a 2.5 cent increase from the 56 cents rate for 2021), and the rate when an automobile is used to obtain medical

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KROST

DECEMBER 22, 2021

Over the weekend, we received clarification regarding a couple of the many unanswered questions regarding the implementation of the State Tax Deduction Workaround. First, we are being advised that a Grantor Trust is eligible to participate in making the election to pay tax on a partnership/LLC or S corporation. Second, since it is unlikely that the Build Back Better tax proposal will become law in its current form, the opportunity to get a better deduction in 2022 looks less likely.

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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.

ThomsonReuters

DECEMBER 22, 2021

QUESTION: Our company recently started offering an employee assistance plan (EAP). Is the EAP subject to ERISA? What other issues should we consider with respect to our EAP? ANSWER: Whether your EAP is subject to ERISA depends on how it is structured and what benefits it provides. If your EAP provides medical benefits, it will likely be considered a welfare benefit plan subject to ERISA.

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Legal tax Account accountant 59

RitaKeller

DECEMBER 22, 2021

“Price is what you pay. Value is what you get.” – Warren Buffett. I wrote about firms increasing fees on December 9, 2021. The blog post shared one firm’s letter about the increase in fees. Since then, I have heard from many more firms about increasing fees. 20% is not something unusual. I hope you are discussing this among your partners and notifying clients appropriately.

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Withum

DECEMBER 22, 2021

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inDinero Accounting

DECEMBER 22, 2021

Credit: Austin Distel. Keeping your finger on the pulse of your company’s finances is crucial to making informed spending decisions. Keeping records is also crucial to protecting your business – especially since the IRS is planning to increase business audits by 50%. With reliable enterprise accounting software, businesses can have up-to-date information about their finances in real-time.

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accounting software NetSuite Account accountant 52

Withum

DECEMBER 22, 2021

Leveraging content has been mastered by the NY Times and its latest effort is a winner. A month ago, the Times published a special section celebrating the 125th Anniversary of its book review section. I liked reading some of the old reviews and reliving the books. I then noticed they published a more voluminous book, which is now residing in one of my overcrowded bookcases.

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inDinero Accounting

DECEMBER 22, 2021

Credit: Austin Distel Keeping your finger on the pulse of your company’s finances is crucial to making informed spending decisions. Keeping records is also crucial to protecting your business – especially since the IRS is planning to increase business audits by 50%. With reliable enterprise accounting software, businesses can have up-to-date information about their finances in real-time.

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accounting software NetSuite Account accountant 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

SkagitCountyTaxServices

DECEMBER 22, 2021

It’s Monday the 20th, as I put this together, and many of our Skagit County clients and friends are gearing up for a very different kind of holiday week. I’m very aware that while the holidays are a time of joy for many, they are just as often a time of pain for a significant portion of my contacts as well. That’s probably especially true this year.

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