TaxConnex
DECEMBER 21, 2021
Staying on top of the ever-evolving sales tax landscape takes constant time and attention. Many companies believe this is something they can manage in-house, though the current job market might make that difficult, if not impossible. Teams are leaner than ever as existing employees quit, and new ones are harder to find. What should you know, what should you look for, and what are your options?
BurklandAssociates
DECEMBER 20, 2021
Highlights from a few of 2021’s most relevant and thought-provoking knowledgeshare discussions. The post Inside Highlights from Burkland’s #CFO Slack Channel appeared first on Burkland.
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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.
Advertiser: Paycor
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TaxConnex
DECEMBER 23, 2021
If you and your company haven’t been hit with a sales tax audit yet, congrats. You should realize, though, that your luck might not hold out for much longer. In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years.
AccountingDepartment
DECEMBER 21, 2021
2021 has been an exciting year and to round it out, AccountingDepartment.com Co-founders, Dennis & Bill, and the entire team at AccountingDepartment.com put together a short video for you, wishing you happy holidays, and discussing what you can expect for 2022 and beyond!
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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
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!
AccountingDepartment
DECEMBER 21, 2021
For years, remote work was the exception. Even though virtual work was trending up before COVID-19, it was still solidly in the minority. It was something that was only part-time or used in special circumstances. After the global pandemic forced as many companies that could to at least temporarily shift their operations away from the traditional office, the virtual workplace is here to stay.
CalCPA
DECEMBER 21, 2021
The Pass-through Entity elective tax payment can be made using Web Pay. However, if you also may mail in a payment. Include a. The post CalCPA BUZZ: CPA Day Is Now CPA Week 2022 appeared first on Hot Topics.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
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.
GrowthForceBlog
DECEMBER 21, 2021
6 min read. As a business owner, you likely pay attention to your financial reports, products/services, and your employee productivity- all while doing your best to stay focused on the future, your goals, and your strategy for success.
RitaKeller
DECEMBER 21, 2021
“It is not necessary to change. Survival is not mandatory.” – W. Edwards Deming. 2020 and 2021 have been very challenging years for everyone and accounting firms are no exception. The Firm Administrator (or person with a similar title) has been on the frontline fighting the efficiency and operational battle since that second week in March 2020.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
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.
GrowthForceBlog
DECEMBER 20, 2021
7 min read. For hundreds of thousands of years, humans have used storytelling to teach, learn, and entertain. Our brains are structured around narrative, and it's our concept of storytelling that gives us the capacity to imagine potential futures. Today, we still use storytelling to remember, explain, and predict. And now we're here to show you how it relates to your Annual Reports.
Withum
DECEMBER 21, 2021
RitaKeller
DECEMBER 24, 2021
“Happiness is not something ready-made. It comes from your own actions. – Dalai Lama. Be thinking about what you want to accomplish in 2022. Make plans, compose an action plan and get busy. But, before that, enjoy this special holiday season. Merry Christmas and Happy New Year!
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
ThomsonReuters
DECEMBER 22, 2021
Prescription Drug and Health Care Spending: Supporting Documents; Prescription Drug Data Collection (RxDC) Reporting Instructions. Available at [link]. HHS has released instructions for reporting data under a transparency provision included in the Consolidated Appropriations Act, 2021 (CAA), which requires group health plans and insurers to annually report prescription drug and health care spending, premiums, and enrollment information to the government (see our Checkpoint article ).
Ronika Khanna CPA,CA
DECEMBER 23, 2021
The approach of a new year tends to inspire the best intentions. We indulge over the holidays while resolving to be better, healthier, more financially disciplined etc as soon as the year is over. Unfortunately, resolutions tend to fade away as the year progresses and other stresses start to whittle down our willpower. One way to make our resolutions a bit stickier is to celebrate small wins.
5 Minute Bookkeeping
DECEMBER 23, 2021
Are you new to virtual bookkeeping? Maybe you’re not even officially a new bookkeeper yet, but you’re seriously thinking about it. If you are starting your journey into the virtual bookkeeping field (or you’re considering it), in this article we’ll go over how to get started as a virtual bookkeeper in 7 steps. The benefits of virtual bookkeeping abound.
Advertiser: Paycor
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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.
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.
CapataCPA
DECEMBER 21, 2021
The Logistics: Paying the SALT Workaround Tax We previously sent you information about the details of the SALT cap work around, or Pass-Through Entity (PTET) on November 8, 2021. Here is a brief recap and a link to the full article:Only available to S Corporations and Partnerships whose owners consist solely of individuals, fiduciaries, trusts, estates.
ThomsonReuters
DECEMBER 21, 2021
As we head into the new year, tax and accounting firms are emerging from the COVID-19 pandemic just in time to face an onslaught of new challenges. From a struggling labor market to information security concerns, to clients with mounting expectations, there’s a lot to plan for. That said, there are ways to embrace these challenges and use them as opportunities for growth and success in the year ahead. .
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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.
FraudFiles
DECEMBER 21, 2021
Tracy talks about how experts use estimates when they calculate economic damages. Are you speculating or guess? Or do you have a reasonable basis for your numbers?
Simple Accounts
DECEMBER 20, 2021
“It’s not your salary that makes you rich, it’s your spending habits,” Charles A. Jaffe. You have complete freedom to spend the money you’ve earned, but maintaining a healthy balance between income and expenses is the key. Personal finance is defined as the way you manage your money and make financial plans for the future. Income, expenses, financial decisions, and activities all have a role in one’s financial well-being.
ThomsonReuters
DECEMBER 20, 2021
Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. As you weigh your options, you may be surprised to learn that there are a wide variety of resources for small accounting firms and tax professionals considering firm ownership. . From tax software geared toward small firms to curated news and insights for firm owners, the barriers to starting your own CPA firm have never been lower
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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