Wed.Feb 24, 2021

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Many Tax-Related Limits Affecting Individuals Have Changed for 2021

RogerRossmeisl

Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020 individual tax return is due to be filed in less than two months (unless you file an extension). However, it’s a good idea to acquaint yourself with tax-related limits affecting individuals that may have changed for 2021.

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10 Reasons Your Small Business Needs a Bookkeeper

xendoo

Are you behind on your books? Losing track of your expenses? Do you need someone who can help you file your taxes and stay compliant? . A small business bookkeeper or bookkeeping service can support you with everything from simple bookkeeping to offering more in-depth tax filing services and business consulting. A skilled bookkeeper will save you time and money, set you up with systems that will simplify running a small business, keep you tax compliant and ready, and ensure you are always in-the

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What Is Profit Sharing, and How Can it Benefit Your Business?

Patriot Software

Looking to offer your employees an additional benefit? Consider creating a profit-sharing plan. But before you run off and create a plan, you need to know what is profit sharing. Read on to learn all about profit sharing, including how it works and steps for creating a plan of your own. What is profit sharing? […] READ MORE.

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Presidential Historian to Speak

Withum

Amazon bestselling author of The President is Dead!, Louis L. Picone will be speaking Sunday morning at 10:00 on Zoom. It is free and a link is below.

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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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The Cost of Bad Leadership: How to Choose the Right Leaders for Your Business

GrowthForceBlog

6 min read. Employees are often selected for promotion into leadership positions based on their track record of success in their current position. However, an employee's excellence in one position doesn't necessarily mean they'll make an excellent leader.

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Expatriation Exit Tax

KROST

US citizens living abroad and foreign nationals residing in the US are renouncing their citizenship in a record-breaking fashion. During the first three quarters of 2020, the IRS published 5,045 individuals who have made the ultimate decision to expatriate and formally cut ties with the United States. This amount is significantly higher than the numbers we have seen in the past.

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Interruptions

RitaKeller

“We must stop regarding unpleasant or unexpected things as interruptions of real life. The truth is that interruptions are real life.” – C. S. Lewis. It never seems to end, the constant parade of people outside the door of the managing partner or firm administrator, often standing in line just to ask a quick question. During COVID times, people are seeking a quick Zoom meeting with you.

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How Small Business Bookkeeping Solutions Can Make Your Life Easier

xendoo

Small business bookkeeping services can support you with everything from simple data entry to offering more in-depth tax filing services and business consulting. Bookkeepers can help you with the big picture aspects of running a small business, such as reviewing options for how to finance your business. Here are some helpful ways to consider what the best solution is for your business.

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Best Tax Breaks: 12 Most-Overlooked Tax Breaks & Deductions (2021)

LyfeAccounting

?. How much money will you be paying in taxes this year? Hopefully, the lowest amount legally possible! To help you do just that, we’ll be going over the 12 most overlooked tax breaks you can take today. The more tax deductions and credits you get, the more money you get to keep. So, hold off on filing your taxes until you’ve gone over this entire list because there are money-saving tax breaks here for everyone.

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How Skagit County Small Businesses Should Handle A Crazy Customer

SkagitCountyTaxServices

We’re keeping our powder dry over here at Padgett & Padgett, PLLC CPA, as it relates to the “American Rescue Plan” proposed by Biden. There’s plenty of talk about it … but as of yet, nothing has passed. I prefer to live in the world of what *is* — instead of speculation. When something gets passed, I’ll have more to say to my Mount Vernon small business tax clients.

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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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The Kinetic Approach: How Workflow Engines Increase The Value And Momentum Of Tax Data

ThomsonReuters

Do you have a kinetic approach to your tax data? A workflow engine can give you a methodology for owning and managing your tax data so that you can mine the value in that data. Instead of being static elements that are manipulated in Microsoft Excel tables, data should gather momentum and value as it travels across the tax lifecycle. We call this a “ kinetic data approach.”.

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