Mon.May 24, 2021

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Charles Grodin and Accountants’ Movie Roles

Withum

Charles Grodin passed away last week after an illustrious movie career. It also brought back thoughts of one of my favorite movie roles where he played the accountant helping the “President” played by Kevin Kline in the movie Dave trim costs so the First Lady’s homeless project could be funded. I just loved those scenes.

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Three ways small CPA firms can support mental health

ThomsonReuters

Amidst the backdrop of the pandemic, there’s never been a more important time to highlight Mental Health Month. It’s been a devastating year and while signs point toward a return to normal, the impact of our mental health on our personal and professional lives remains top of mind. From a small CPA firm perspective, the intensity of the workload during this extended tax season is like nothing we’ve seen before, compounding already heightened stress levels.

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The Rosenberg Survey

RitaKeller

“Getting information off the Internet is like taking a drink from a fire hydrant.” – Mitch Kapor. Today I have a message (and reminder) from my friend Charles Hylan: Welcome to the other side of the tax deadline! The 2021 Rosenberg Survey is well underway and so far, we’ve received a great response. Our world has certainly changed and the need to proactively lead your accounting firm cannot be any higher!

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Understanding the Importance of Your Budget Variance to Stay Afloat

AccountingDepartment

Budget variances are the difference between a planned budget amount and an actual amount. An analysis of budget variances will reveal the reason behind failures. It helps point out the trends to make your company a success. A budget analysis should be performed at least once every quarter at a minimum and when the market changes due to a crisis like COVID-19, it should be done every week.

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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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Lean processes – the Irish Covid-19 vaccination system

Martin Quinn

Photo by Artem Podrez on Pexels.com. Lean if a termed usually used to describe process efficiency. There are various terms used in the field of “lean” such as l ean thinking , lean manufacturing/production , lean management etc, but to me the easiest way to think of “lean” concepts is to think of the normal meaning of lean – fit, strong and without fat.

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Five things accountants need to do after tax season

ThomsonReuters

Tax season 2020 is officially in the history books and there’s no doubt you and your staff have been thinking a bit more about what to do now that it’s over. Despite the end being upon us, there’s still plenty to keep your firm busy in the following months. Below are several steps to help you take a look behind the curtain and improve your firm from the inside out.

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Top 6 Things to Know About the New Monthly Child Tax Credit

LyfeAccounting

We got some really great news for parents. So monthly payments through the new federal enhanced child tax credit will start on July 15, 2021. This child tax credit will go to close to 40 million households, or roughly 90% of children in the United States, according to the IRS. So in this post, we want to eliminate all the confusion around the child tax credit, and more so keep reading!

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The IRA Tax Break Explained – Traditional IRA Tax Deduction

LyfeAccounting

The IRA tax break can put $6,000 into your retirement account, and lower your taxable income by $6,000. And anyone can take advantage of the IRA tax break, regardless of if you’re self-employed or employed at another company. Still, many people are not taking advantage of this simple tax break. And some of the people who are, are being surprised by a huge mistake they are making that is preventing them from taking this tax deduction.

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