BuildYourFirm
FEBRUARY 18, 2021
Why are Google Reviews Important to My Business? Getting Google Reviews from your clients has always been beneficial in boosting your business, but you might be amazed at how big of a role those little yellow stars play in the overall success of your business. Let’s face it, just the sight of five stars builds up all the trust and confidence a potential customer needs to do business with your business.
RogerRossmeisl
FEBRUARY 19, 2021
You may have the best internal controls in the business world, but if your employees don’t follow them, your company is at serious risk for fraud. The same is true if workers aren’t aware of your company’s risks and can’t recognize red flags. The solution? Educate them. Training is critical A forensic accountant can conduct on-site, broad-based training for employees in the form of live or virtual presentations.
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KROST
FEBRUARY 18, 2021
The following article was written by the IRS. View the original source here: [link]. Whether taxpayers regularly use a tax professional to help them file a tax return or they have decided to work with one for the first time, it is important to choose a tax return preparer wisely. Taxpayers are responsible for all the information on their income tax return.
TaxConnex
FEBRUARY 18, 2021
Sales and use tax obligations are determined by your nexus within a state or jurisdiction. Sales and use tax nexus is defined as the connection between a person or entity and a taxing jurisdiction. It is the basis for all your sales tax decisions because without sales tax nexus, you have no further sales tax obligation to a state. Prior to 2018, when the Supreme Court Case South Dakota v.
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.
BuildYourFirm
FEBRUARY 18, 2021
How important are Google Reviews for Accountants? Google Reviews for accountants are more important than ever. Getting Google Reviews from your clients has always been beneficial in boosting your business, but you might be amazed at how big of a role those little yellow stars play in the overall success of your business. Let’s face it, just the sight of five stars builds up all the trust and confidence a potential customer needs to do business with your business.
RogerRossmeisl
FEBRUARY 16, 2021
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that taking required minimum distributions (RMDs) is mandatory when you reach a certain age — or you’ll be penalized. The CARES Act, which passed last March, allowed people to skip taking these withdrawals in 2020 but now that we’re in 2021, RMDs must be taken again.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
PANALITIX
FEBRUARY 15, 2021
RESOURCES / ARTICLES. Using HR Data. to Advise Clients. Accountants are increasingly analyzing clients’ Human Resource (HR) data to provide valuable advice. This is not surprising… given the critical role of employees in any business and management’s desire to improve productivity, motivation and performance. Which HR data can be useful? How can the data form the basis of advice?
BurklandAssociates
FEBRUARY 15, 2021
According to PWC’s Global Economic and Fraud Survey, 47% of companies experienced fraud in the past 24 months, and more than $4.5 trillion are lost to fraud globally each year. Read More. The post Startup Financial Fraud: Tips to Mitigate Your Risk appeared first on Burkland.
RogerRossmeisl
FEBRUARY 13, 2021
The IRS opened the 2020 individual income tax return filing season on February 12. (This is later than in past years because of a new law that was enacted late in December.) Even if you typically don’t file until much closer to the April 15 deadline (or you file for an extension), consider filing earlier this year. Why? You can potentially protect yourself from tax identity theft — and there may be other benefits, too.
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.
Patriot Software
FEBRUARY 17, 2021
As an employer, you have different options to choose from when it comes to paying employees. One option you have is to print payroll checks. Printing checks comes with a few decisions, like purchasing supplies and selecting a check layout. Learn what steps you need to take to get your employees’ wages from computer to […] READ MORE.
ThomsonReuters
FEBRUARY 15, 2021
When the United Kingdom (UK) officially implemented its Brexit plan and withdrew from the European Union (EU) on January 31, 2020, the UK and EU entered into an eleven-month “transition” period, the main purpose of which was to negotiate a free trade agreement (FTA) between the two parties. Finally, on December 24, 2020, the UK and EU announced that an agreement had been reached allowing originating goods to continue to flow under duty and quota-free conditions after the Brexit transition perio
RogerRossmeisl
FEBRUARY 15, 2021
Attending college is one of the biggest investments that parents and students ever make. If you or your child (or grandchild) attends (or plans to attend) an institution of higher learning, you may be eligible for tax breaks to help foot the bill. The Consolidated Appropriations Act, which was enacted recently, contains some revised tax benefits for higher education.
Withum
FEBRUARY 19, 2021
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.
GrowthForceBlog
FEBRUARY 15, 2021
6 min read. Business owners who view their employees as an expense- rather than an asset- don't realize how much their people drive profit.
ThomsonReuters
FEBRUARY 18, 2021
IRS Publication 503 (Child and Dependent Care Expenses (for 2020 Returns); IRS Form 2441 (Child and Dependent Care Expenses) and Instructions (2020). Publication 503. Form 2441. Instructions. The IRS has released the latest versions of Publication 503 and Form 2441 (and its accompanying instructions) for the 2020 tax year. Publication 503 explains the requirements that taxpayers must meet to claim the dependent care tax credit (DCTC) under Code § 21 for child and dependent care expenses.
RogerRossmeisl
FEBRUARY 18, 2021
Although electric vehicles (or EVs) are a small percentage of the cars on the road today, they’re increasing in popularity all the time. And if you’re buying an electric vehicle, you may be eligible for a federal tax break. The tax code provides a credit to purchasers of qualifying plug-in electric drive motor vehicles including passenger vehicles and light trucks.
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
SkagitCountyTaxServices
FEBRUARY 17, 2021
I am simultaneously eager while also being slightly horrified that tax season has officially begun. Horrified, simply because the IRS has been significantly behind the 8-ball this year, and I still can’t believe that we’re already halfway through February 2021. EAGER … well, because there are so many new credits available to Skagit County business owners this year, and I’m pretty thrilled about the opportunity to save YOU some money on your tax obligations.
ThomsonReuters
FEBRUARY 18, 2021
IRS Publication 15-B (Employer’s Tax Guide to Fringe Benefits (For use in 2021)). Available at [link]. The 2021 version of Publication 15-B reflects changes to a variety of fringe benefit rules, many of which provide COVID-19-related relief. Here are highlights: FSA Relief. The publication reflects relief for health and dependent care FSAs that allows employers increased flexibility for election changes, carryovers, and grace periods (among other things) in 2020 and 2021 (see our Checkpo
RogerRossmeisl
FEBRUARY 17, 2021
Many startup companies require access to large sums of investment capital to take on well-established competitors. The need to raise such funding may encourage a startup’s founder to paint an overly optimistic picture of the business and exaggerate its ability to succeed. In some extreme circumstances, founders may resort to deception to convince investors to back their ventures.
Withum
FEBRUARY 16, 2021
This week’s Barron’s cover story is about the “100 Most Sustainable Companies.” Six years ago when I got involved, through the NYS Society of CPAs, with sustainability reporting perhaps 20 of the S&P500 companies were issuing reports on their “Green” activities. Today almost all of them issue such reports. Do a search of any company and use either “Sustainability,” “CSR” or “ESG” and you will be able to access the reports.
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.
KROST
FEBRUARY 18, 2021
In 2020, the Restaurant Industry was projected to do $899 billion in sales. That expectation has since been adjusted down to $659 billion in sales, a $240 billion hit to the industry as a result of the pandemic. Every operator has felt the effects of the pandemic, and the most motivated, wasted no time pivoting their business model to conform with local guidelines in their areas.
GrowthForceBlog
FEBRUARY 19, 2021
5 min read. When you're running a service-based for-profit business, bookkeeping and accounting likely aren't part of your company's core value propositions. However, that doesn't mean a strong accounting system isn't highly valuable, and necessary to run it well.
ThomsonReuters
FEBRUARY 19, 2021
There is almost no aspect of our personal and professional lives that does not rely on cloud computing. In our personal lives, we have at least one streaming service – Netflix, Disney+, Spotify and the list can go on for quite a bit, therefore you are in the cloud. And if you among the rare who doesn’t shell out $10 – $18 monthly for a subscription to one of these businesses, but have photos and music on your phone that can also be accessed from a tablet or laptop, you too are in the cloud
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.
FraudFiles
FEBRUARY 17, 2021
Fraud committed by employees can have devastating effects on a business. The company’s finances suffer, employee morale may drop, and the company’s reputation could be affected by negative publicity. Following the investigation of an internal fraud, owners and managers of companies need to rethink how they do business. It is the perfect time to carefully analyze the operations and create procedures and an environment in which ethical behavior thrives.
GrowthForceBlog
FEBRUARY 17, 2021
5 min read. Being a leader in business is challenging enough already, let alone trying to navigate through a crisis. Having to make tough decisions gets even harder when the economy drops into a recession and anxiety sets in. Let’s review the current situation, the biggest mistakes we’ve seen and what to do instead.
ThomsonReuters
FEBRUARY 18, 2021
Carter v. Sw. Airlines Co. Bd. of Tr., 2020 WL 7334504 (M.D. Fla. 2020). A terminated employee brought a proposed class action lawsuit against her former employer’s board of trustees (in its capacity as plan administrator of the employer’s health plan), alleging that it sent her a late COBRA election notice that lacked essential information and confused her.
Withum
FEBRUARY 18, 2021
Each Dow Jones Average Index has divisors which is a number that converts the changes in the prices of the stocks into Index points. A dollar change does not translate into a point change in the index.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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