RogerRossmeisl

MARCH 12, 2021

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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TaxConnex

MARCH 11, 2021

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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PANALITIX

MARCH 7, 2021

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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DuctTapeMarketing

MARCH 11, 2021

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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Technology 247

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

BurklandAssociates

MARCH 8, 2021

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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TaxConnex

MARCH 9, 2021

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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PANALITIX

MARCH 11, 2021

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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ThomsonReuters

MARCH 11, 2021

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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payroll tax payroll Tax Government 135

Patriot Software

MARCH 8, 2021

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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payroll 134

RogerRossmeisl

MARCH 12, 2021

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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PANALITIX

MARCH 7, 2021

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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tax preparation Legal tax services Tax 130

ThomsonReuters

MARCH 8, 2021

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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AccountingDepartment

MARCH 8, 2021

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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Withum

MARCH 9, 2021

Jim Ferrare was named to this year’s 2018 Best-In-State Wealth Advisors list by Forbes. The list spotlights the top performing wealth advisors across the country. Each state’s list is determined by SHOOK research, an algorithm based on qualitative and quantitative criteria including in-person interviews, candidate’s industry experience, community involvement, client retention data and revenue trends.

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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.

GrowthForceBlog

MARCH 9, 2021

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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Technology 91

ThomsonReuters

MARCH 10, 2021

Background. The American Rescue Plan Act of 2021 (ARPA) 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). Paid Sick and Family Leave Credits. Changes under ARPA apply to amounts paid with respect to calendar quarters beginning after March 31, 2021.

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AccountingDepartment

MARCH 11, 2021

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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Withum

MARCH 10, 2021

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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Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

GrowthForceBlog

MARCH 12, 2021

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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ThomsonReuters

MARCH 12, 2021

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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accounting firms Account accountant accounted 98

Patriot Software

MARCH 10, 2021

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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Withum

MARCH 8, 2021

My “5421 Years of Taxation, Investing and Financial History” program will be repeated by me for the East Brunswick Public Library on Thursday March 11 at Noon. I presented this last month elsewhere and it was very well received. This program is free and the login information is at the end of this blog.

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GrowthForceBlog

MARCH 10, 2021

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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ThomsonReuters

MARCH 11, 2021

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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AccountingDepartment

MARCH 12, 2021

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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LyfeAccounting

MARCH 10, 2021

In this post, we want to provide you with some more clarity on CPA services. Now, CPAs can provide a number of services to small businesses. But no other professional can provide all of the services that CPAs provide. So then… what are CPA services? And what makes them so complicated? Today, we’re going to break this all the way down. What are CPA Services?

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Advertiser: Paycor

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RitaKeller

MARCH 10, 2021

“Only the guy who isn’t rowing has time to rock the boat.”- Jean-Paul Sartre. Years ago when Bill Reeb was facilitating one of our partner retreats, he told the story of partners in a boat. They had identified one of three islands where they wanted to go and they ALL started rowing. Then one partner said, “Maybe we should go to island number two?

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ThomsonReuters

MARCH 11, 2021

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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AccountingDepartment

MARCH 11, 2021

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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LyfeAccounting

MARCH 10, 2021

Avoid Paying Tax Penalties: Here’s How. Delay taxes for a stimulus check? You work hard for your money, s o why would you want to give it away for free? Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. And we’ve been surprised at the number of people who have no idea how tax penalties and tax interest actually work.

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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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