Sat.Dec 05, 2020 - Fri.Dec 11, 2020

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Don’t Make Computer and Equipment Theft Easy

RogerRossmeisl

These days, many offices and other workspaces are nearly empty as employees work from home. This can make companies that don’t safeguard their computers, printers and other equipment vulnerable to theft from outsiders. Even during normal times, businesses often lose assets because crooked employees walk out with them. Here’s how to protect valuable property — no matter who’s eyeing it.

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5 Myths About Voluntary Disclosure Agreements

TaxConnex

Voluntary disclosure agreements (VDAs) can be an effective way to mitigate prior period sales tax exposure. They can also come with a lot of misconceptions. If you don’t disclose back taxes and they’re unearthed through an audit, you could end up being assessed various penalties plus interest plus all tax due. And in extreme cases, the penalty could be in excess of 50% of the tax amount – potentially a criminal offense.

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The Top 4 Startup Risks

BurklandAssociates

By Michelle Villegas Threadgould Early-stage startups and founders face a particular set of risks as they try to grow and build companies built to last. There are four main areas Read More. The post The Top 4 Startup Risks appeared first on Burkland.

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Build a Game Changing Marketing Action Plan in Just 9 Steps

DuctTapeMarketing

Build a Game Changing Marketing Action Plan in Just 9 Steps written by Kyndall Ramirez read more at Duct Tape Marketing. In order to do anything meaningful, you have to know where you’re going and how you’re going to get there. The saying ”failing to plan is planning to fail” couldn’t be more true. If you want your business to be successful, you have to have a game plan.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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How Series EE Savings Bonds are Taxed

RogerRossmeisl

Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself and put them away in a file cabinet or safe deposit box. You may wonder: How is the interest you earn on EE bonds taxed? And if they reach final maturity, what action do you need to take to ensure there’s no loss of interest or unanticipated tax consequences?

Tax 246
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Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

States may be getting tougher on sales tax delinquents as the pandemic drags on and tax revenues, in many places, take hits. Just ask Fiorella’s Landscaping in western New York. The Buffalo, N.Y.-area company must pay back more than $95,000 after pocketing sales tax money owed to the state, according to authorities. The company has paid nearly $69,000 in restitution for sales tax it collected and failed to pay to state coffers between June 2011 and December 2015.

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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

With the holiday shopping season in full swing amid the global pandemic, online commerce is booming. Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising cu

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Bob Dylan’s Songwriting Catalog

Withum

Nothing lasts forever unless someone does the best they could to make it last and they have the wherewithal to do it. People don’t last but some of what they accomplished might.

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Proposed 2022 Benefit and Payment Parameters Include Increased Cost-Sharing Limits, New Rules for COBRA-Related Exchange Special Enrollments and MLR Rebates

ThomsonReuters

PPACA; HHS Notice of Benefit and Payment Parameters for 2022 and Pharmacy Benefit Manager Standards; Updates To State Innovation Waiver (Section 1332 Waiver) Implementing Regulations; Proposed Rule, 45 CFR Parts 147, 150, 153, 155, 156, 158, and 184, 85 Fed. Reg. 78572 (Dec. 4, 2020); Notice of Benefit and Payment Parameters for 2022 Proposed Rule Fact Sheet.

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Are Gift Cards Taxable?

Patriot Software

Want to show your employees you appreciate their hard work throughout the year? You might decide to distribute gift cards to your employees. But before you start doling them out, you need to know … Are gift cards taxable? First, the technical stuff This IRS has rules on employee gifts and benefits, like gift cards. […] READ MORE.

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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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Banking Innovation Enters New Era; Consolidation Now The Rule

PYMNTS

In what’s beginning to feel like something of a trend in recent years, the payments landscape has seen its latest big global consolidation. Italian payments processor Nexi SpA recently announced plans to purchase private equity-owned rival Nets A/S, creating Europe’s biggest payments firm by volume. It’s just the latest in a series of mega-mergers seen throughout the industry.

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KSM Adds Eight New Directors

Katz,Sapper&Miller

We are pleased to announce our newest group of directors. Distinguished by their outstanding performance and integrity, these talented individuals provide insight and technical expertise to help their clients achieve great things. We are proud to call them our colleagues and grateful to have them on our team.

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What Do All Those Employee Benefit Acronyms Stand For? (Part 1 of 3)

ThomsonReuters

QUESTION: Everyone in the employee benefits field uses acronyms like CDHC, EAP, and TCJA. What do these and other employee benefit acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our Cafeteria Plans, Consumer-Driven Health Care, ERISA Compliance, Self-Insured Health Plans, and Fringe Benefits manuals. (Next week’s Question of the Week will address acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals, and the following w

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The Social Security Wage Base Is Your Cue to Stop Withholding This Tax

Patriot Software

Paying Social Security tax is a time-honored tradition—since 1937, to be exact. Both employers and employees pay the tax. But when an employee hits the Social Security wage base, it’s game over for withholding and contributing the tax. Although the Social Security tax rate itself generally does not change from year to year, the Social […] READ MORE.

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Planning Your Restaurant's Path to Profitability

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.

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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

When Home Depot announced last month its plans to acquire HD Supply Holdings , it wasn’t just a sign of expansion for the home improvement retailer. The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market.

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2020 Year-End Considerations for Buy Here – Pay Here Dealers

Katz,Sapper&Miller

The global outbreak of the novel coronavirus has created many challenges for buy here – pay here (BHPH) operators to navigate during 2020. They’ve had to pivot in the face of temporary closures, government regulations, and altered consumer demands in order to persevere through these difficult times. Given this extraordinary year, here are some items you should consider before turning the calendar to 2021.

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IRS FAQ Offers Relief From 80/50 Rule for Vanpools Affected by COVID-19

ThomsonReuters

IRS Webpage: Frequently Asked Question about COVID Relief for Van Pools (Dec. 3, 2020). Available at [link]. The IRS has posted an FAQ describing temporary relief from some of the conditions that ordinarily must be met for vanpooling benefits to be excluded from employees’ income. Generally, “vanpooling” means transportation between an employee’s residence and place of employment in a commuter highway vehicle.

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Important COVID-19 Year-End Deadlines

CTP

In 2020, the holiday season not only brings cheer, but brings extra year-end COVID-19 related deadlines. Remember to keep these details in mind: Place see graphic below. *Right-click image to open in a new tab. The post Important COVID-19 Year-End Deadlines appeared first on certifiedtaxcoach. Important COVID-19 Year-End Deadlines was first posted on December 11, 2020 at 12:19 pm. ©2017 " certifiedtaxcoach " Use of this feed is for personal non-commercial use only.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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CVS, Walmart To Provide COVID Vaccinations

PYMNTS

Major U.S. retailers CVS and Walmart are readying to begin distributing COVID-19 vaccines, according to published reports. CNBC reported that CVS is ready to begin doling out the vaccines to the most vulnerable populations within 24 to 48 hours of receiving them. CVS CEO Larry Merlo said per CNBC that CVS has 10,000 healthcare professionals ready to administer the vaccines in nursing homes and assisted living centers.

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A 2020 Year-End Checklist for Veterinary Hospitals

Katz,Sapper&Miller

With all of the twists and turns that have occurred in 2020, many hospital owners have found themselves stretched thin to keep up with busy appointment books and the demanding needs of managing a business. To help you stay as organized as possible, we’ve compiled this year-end checklist.

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The Growing Risk of Fraud in This Year’s Upcoming Audits

ThomsonReuters

It will come as no surprise after the year we’ve had: the growing risk of fraud in the 2020 year-end audit is real. A number of audit clients have been struggling to survive the COVID-19 pandemic. This means that going concern assessments are more critical this year than ever. It also means that fraud risk is increasing.

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Finding Love on a Tiger Cruise

Withum

Sunday night my wife and watched the Hallmark show USS Christmas. It was a love story and partly took place on a Naval battleship’s Christmas “Tiger Cruise” for family members. The lead star’s sister was a fighter pilot stationed on that ship and she joined her for the Christmas cruise. It caught my attention from the fighter pilot aspect as well as being a Hallmark feel good love story.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Twitter Buys Screen-Sharing Video Chat Startup Squad

PYMNTS

Twitter has acquired Squad, a Silicon Valley startup that gives people the ability to hang out virtually with friends on other apps, Squad announced in a blog post and Twitter tweeted on Friday (Dec. 11). Squad will help Twitter “bring new ways for people to interact, express themselves, and join in the public conversation,” Twitter Vice President of Product Ilya Brown said in a tweet. .

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3 Questions: The Impact of Proven Security on Your Bottom Line

Katz,Sapper&Miller

Information security is all the 21st-century rage, and as the bad actors continue to get more adept at cybercrime, its importance increases. If your product or service is hosted in the cloud, it’s critical to understand what security is, why you’re hearing more about it from your customers, and how to leverage it offensively.

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How Adding Advisory Services Can Affect Your Succession Planning

ThomsonReuters

When thinking about advisory and succession planning, many firm owners may wonder why they should make the shift when they’re so close to retirement. However, the market is in a transition as well. Adding advisory to your services can only benefit the future of your firm and the legacy you leave behind.

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A Quick Guide on How to Do Payroll Yourself

Patriot Software

If you’re thinking about hiring employees, you need a plan for payroll. But with the added expense of wages and benefits, you might not be too keen on the high price tag that comes with outsourcing payroll. Fear not—you can learn how to do payroll yourself. How to do payroll yourself You might be wondering, […] READ MORE.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Gift Cards Poised For Big Role In Post-Pandemic Purchasing

PYMNTS

While the COVID-19 pandemic will eventually come to an end, many of the changes it has brought will likely persist into the future. Digital has certainly advanced further and faster than anyone predicted at this time last year, and the ground that’s been taken is unlikely to ever be surrendered back, Helena Mao , vice president of global product strategy for payment solutions at Blackhawk Network , told PYMNTS in a recent conversation.

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Escheating Uncashed Payroll Checks

KROST

With all the different issues restaurants are facing in the COVID-19 environment, we still have a handful of ongoing issues that always need to be addressed at the end of the year. Escheating uncashed payroll checks to the State of California is one of the oldest, time-consuming procedures restaurateurs must conform to every year. Escheating checks is a legal process that transfers ownership of abandoned property (uncashed payroll checks) to the State of California.

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Part XI – PPP Loan Forgiveness: Sorry, Again No Surprises Today, But Still Some Good News and Some Bad

LSLCPAs

As we begin the holiday season, we hope that you and yours are staying healthy and safe. We are encouraged by the vaccine news. But we still expect that our offices will remain closed to clients through April. Once again, we thank you for your patience and understanding. Sorry, No […]. The post Part XI – PPP Loan Forgiveness: Sorry, Again No Surprises Today, But Still Some Good News and Some Bad appeared first on LSL CPAs.

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Agencies Release 2020 Form 5500, Schedules, and Instructions

ThomsonReuters

2020 Form 5500, Schedules, and Instructions. Form 5500 Series. News Release. The DOL, IRS, and PBGC have released informational copies of the 2020 Form 5500 series, including Schedules and Instructions. (As a reminder, these copies cannot be used for filing; with very limited exceptions, Form 5500 must be filed electronically.) Here are highlights of changes relating to welfare and 401(k) plan filings: One-Participant Plans and Foreign Plans Must Use Form 5500-EZ.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.