Sat.Mar 06, 2021 - Fri.Mar 12, 2021

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Payroll Provisions of the American Rescue Plan Act

RogerRossmeisl

The American Rescue Plan, 2021 (ARPA, 2021) was signed by President Biden on March 11, 2021 to address the continuing economic impact on employers and employees the coronavirus (COVID-19) pandemic has posed. The legislation extends and expands provisions found in the Families First Coronavirus Relief Act (FFCRA), Coronavirus Aid, Relief and Economic Security (CARES) Act, and the Consolidated Appropriations Act, 2021 (CAA, 2021).

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Sales Tax Updates for Technology Companies

TaxConnex

Sales tax obligations regarding software and other technology-related solutions can often come down to location and definition. And the definition is potentially different depending on the location. Four states recently took a closer look at how sales tax applies to technology-related solutions, one of the more confusing industries for complying with sales and use tax requirements.

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Trending Sources

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Are you an Accountant or Business Person? And why it matters

PANALITIX

RESOURCES / ARTICLES. ARE YOU AN ACCOUNTANT OR BUSINESS PERSON? AND WHY IT MATTERS. Over the next few months, we’ll be looking at how you can “re-boot” your approach to creating proposals, engagement letters and targeted marketing campaigns with Panalitix state-of-the art technology solutions. Now’s the time to take a fresh approach to make proposal creation and delivery a more efficient and polished experience – for both you and your clients.

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What’s Your Signature Response to Problems?

DuctTapeMarketing

What’s Your Signature Response to Problems? written by John Jantsch read more at Duct Tape Marketing. One of the ways to create goodwill, positive buzz, and happy customers is to exceed expectations. Responding proactively to problems is, in my opinion, one of the easiest ways to exceed the expectations available. Problems happen, that’s a fact.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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Calculating the Churn Rate of a SaaS Startup? See the Real Picture.

BurklandAssociates

Looking at lost customers as a percentage of total customers at the beginning of the period understates churn rates for annual pay customers and obscures retention problems in fast-growing enterprises. Read More. The post Calculating the Churn Rate of a SaaS Startup? See the Real Picture. appeared first on Burkland.

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How To Evaluate Where You Have Established Economic Nexus

TaxConnex

Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. In fact, a recent survey TaxConnex conducted through Porter Research found that the top sales tax worry of finance pros in 2021 was understanding changing nexus laws.

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COVID Relief Bill Provides 100% COBRA Premium Subsidy and Enrollment Option for Involuntarily Terminated Employees

ThomsonReuters

American Rescue Plan Act of 2021, H.R. 1319. Available at [link]. Congress has passed, and the President is expected to sign, the American Rescue Plan Act of 2021 (ARPA), creating a 100% COBRA premium subsidy and additional COBRA enrollment rights for certain employees (and their families) who have lost group health plan coverage due to an involuntary termination of employment or reduction of hours.

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Can You Pay That?! Federal and State Tipped Minimum Wage Rates

Patriot Software

Want to avoid breaking labor laws? Then you need to pay employees according to federal, state, or local minimum wage law. But if you have tipped employees, you might be able to pay a lower, tipped minimum wage. Read on to learn what is a tipped minimum wage, along with the current federal tipped wage […] READ MORE.

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TaxConnex Rounds Out 2020 with an 18% Growth in Organic Revenue and an Industry Leading Net Promoter Score (NPS) of 83

TaxConnex

TaxConnex is excited to report exciting growth coming out of 2020. While 2020 was full of chaos and trials, sales tax filings and returns d id not stop , and we were able to continue to assist our clients and grow as a company in both employee size and revenue. TaxConnex grew 18% in organic revenue in 2020 over 2019 and added 82 new client entities to our portfolio.

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How to Qualify for Home Office Deductions

RogerRossmeisl

During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might qualify for home office deductions and be able to claim to expenses against your business income. There are two methods for claiming this tax break: the actual expenses method and the simplified method.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Client Classification: Finding the Win-Wins to Generate more Profit

PANALITIX

RESOURCES / ARTICLES. Client Classification: Finding the Win-Wins to Generate more Profit. If you are a manufacturer, an important business asset will include your factory and the machines inside. Taking good care of the machines will help them work more efficiently and preserve their working life. Sounds like smart business. In an accounting business, what are your most important assets?

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Tax Aspects of The American Rescue Plan Act

Withum

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Celebrating Women’s History Month: Advice for women in tax and accounting

ThomsonReuters

Whether you’re starting your career, or you’ve been in the profession for a while, women have more opportunities than ever to rise above in the tax and accounting profession. As we enter Women’s History Month and celebrate International Women’s Day, we also celebrate evolution past gender cultural bias and advancements within the profession. In this chapter of Small Talk with Heather Walker , I am joined by two successful women in the tax and accounting profession: Linda Forde, CPA and owner of

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Small Business Technology Trends For 2021

GrowthForceBlog

5 min read. 80% of small businesses in the United States aren’t taking complete advantage of the technology tools that are available to them- according to a recent Google report [1].

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Doing More With Less: The Modern Finance Miracle

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.

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Engagement Letters: Untangling what you WANT to say from what you feel you HAVE to say

PANALITIX

RESOURCES / ARTICLES. ENGAGEMENT LETTERS: UNTANGLING WHAT YOU WANT TO SAY FROM WHAT YOU FEEL YOU HAVE TO SAY. Whether you’re buying a dishwasher or proposing tax services – there are some Terms and Conditions that are really important to understand from the outset and others that are probably not critical. Here’s how to hone in on what is really important to communicate in a proposal and save time for everyone !

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A Thank You to the Women of ADC!

AccountingDepartment

AccountingDepartment.com is proud of our amazing, hard-working, dedicated women who make up the bulk of our team and for this International Women’s Day, we would like to take a moment to thank all of the women that keep us moving forward on a day-to-day basis. Our female team members have made an incredible impact on our business over the years and we would not be where we are today without them!

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Why your accounting firm needs a succession plan

ThomsonReuters

We’ve seen the impact the COVID-19 pandemic took on succession planning for accounting firms. For anyone who didn’t exit during the pandemic but were thinking about it before, they’ve had their plans pushed back. Our businesses are quite different than they were before. We survived, but what on earth do we do now? In this episode of Pulse of Practice “Setting Course for the Next Chapter”, Paul Miller, CPA from Business by Design , and I discuss the importance of accounting firm leaders to contin

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It That a Cayman Islands SPAC I just Invested In?

Withum

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8 Pillars of Leadership Development

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.

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The Scoop on the California Paid Sick Leave Law

Patriot Software

Some states, like California, require mandatory paid sick leave. The majority of California’s employers must offer paid sick leave to their employees. So, what is the California sick leave law? What is the California paid sick leave law? Paid sick leave is paid time off given to employees for health-related reasons. Through paid sick leave, […] READ MORE.

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The Major Aspect of Business You'll Have to Decide In 2021?

AccountingDepartment

While attending the virtual Vistage Executive Summit , Anne Petrick, Sr. Director of Research at Vistage Worldwide, Inc. presented to us some interesting thought points for CEOs and business owners in 2021.

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COVID Relief Bill Temporarily Increases DCAP Maximum, Expands ACA Premium Tax Credit, and Extends Tax Credit for Paid Leave

ThomsonReuters

American Rescue Plan Act of 2021, H.R. 1319. Available at [link]. Congress has passed, and the President is expected to sign, the American Rescue Plan Act of 2021 (ARPA), providing sweeping COVID-19 relief that includes several benefits-related provisions. A 100% COBRA premium subsidy has drawn perhaps the most attention (see our Checkpoint article ), but other items are also of interest to group health plan sponsors, administrators, and advisors.

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National Debt Amount

Withum

According to the National Debt Clock, the total debt as of March 7, 2021 was $28,024,870,801,925.00. You can get the current number by going to [link].

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Protect What Matters: Rethinking Finance Ops In A Digital World

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.

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Why Employee Retention Is Important And How To Improve It

GrowthForceBlog

5 min read. Every business owner’s nightmare- one of your ‘A’ players walks out the door. Regardless of the position, employee retention should be one of your top goals. From the individuals answering phones and sorting the mail, to those working as supervisors and filling other high-level positions, keeping the people you have is essential to your company's success and your bottom line.

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3 Signs Things Are Looking Up for 2021!

AccountingDepartment

During the virtual Vistage Executive Summit in Portland, OR this past week, we were shown some interesting figures by Connor Lokar of ITR Economics, comparing surveys from a group of Pacific Northwest CEOs from Q4 of 2020 to Q1 of 2021. The results? Well, it seems that things are certainly looking up! 32% of CEOs said that the economy has recently improved, versus the 6% that thought so in Q4 of 2020.

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What Are the Tax Consequences of Providing Per Diem Payments for Employee Travel Expenses?

ThomsonReuters

QUESTION: Our company would like to simplify reimbursements for business travel expenses by paying employees a fixed amount for each travel day regardless of incurred expenses. How can we keep the per diem payments from being treated as income to our employees, and how would those payments affect employees’ expense reporting? ANSWER: Per diem payments are often used to simplify compliance with the accountable plan rules that allow business travel reimbursements to be excluded from employees’ g

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ACT NOW: Forgivable PPP Loan Eligibility for Labor Unions and Certain Benefit Plans

Withum

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

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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Why The Most Successful Businesses Run On Operating Frameworks

GrowthForceBlog

5 min read. If running a business was easy, every business would succeed. Fortunately for your market share, but unfortunately for those aspiring to be successful business leaders, running a business isn't easy. It's an enormous challenge that requires limitless energy, passion, creativity, stamina, and flexibility.

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Enhance Your Flexibility by Outsourcing Accounting Projects

AccountingDepartment

There are dozens of reasons to choose outsourced accounting services rather than rely on in-house personnel to handle all accounting duties. In particular, leaning on outsourced accounting services is beneficial in that it enhances your organization's flexibility. This is your opportunity to pivot and scale as necessary, ensuring you and your team make the most of the limited time you can devote to work.

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8 Tax Breaks for Homeowners: Deductions & Credits List For 2021

LyfeAccounting

We’re about to reveal the best and biggest tax breaks for homeowners. Homeownership offers some of the best tax deductions and tax credits that can save you thousands of dollars in taxes. Yet, every year, homeowners miss out because they are not aware. But you’re not one of them…. Because if you read this post today, you will know the best and biggest tax deductions available to homeowners so you can benefit BIG TIME.

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Is That a Cayman Islands SPAC I just Invested In?

Withum

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

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.