Sat.Oct 30, 2021 - Fri.Nov 05, 2021

Taking Advantage of the WOTC (Work Opportunity Tax Credit)

RogerRossmeisl

Background Businesses are having difficulties hiring an adequate number of employees as the economy resets after the COVID-19 lockdowns and their aftermath. As such, small businesses are having to think outside the box as they work toward locating amenable workers.

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TaxConnex Releases Research that Reveals Top Concerns Among Financial Leaders Responsible for Sales Tax in

TaxConnex

TaxConnex is pleased to announce the completion of their second annual sales tax survey finding that the increasing sales tax complexities, growing nexus, fear of sales tax audits and limited resources to do what is necessary to remain compliant are among the top worries of financial professionals heading into 2022.

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AccountingDepartment.com Attends Vistage ChairWorld 2021

AccountingDepartment

AccountingDepartment.com's team attended the 2021 Vistage ChairWorld in Las Vegas, NV, and had an excellent time getting to create new connections and catch up with clients and friends.

Income but no cash?!

SMBAccountant

Income but no cash?! How does that happen?? How could a business be making money according to their profit and loss but have no money… or even worse, negative cashflow?

What Hourly Workers Want More than Money

Big companies are driving up wages, but there are other ways to compete for talent. Attract talented, ambitious people by giving them more control over their lives. Hourly workers want to make their daily lives and financial lives more predictable. Employers can assist by offering early access to pay, flexible scheduling, healthcare assistance, benefits where possible, and paid leave options.

Social Security Wage Base is Increasing in 2022

RogerRossmeisl

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income above this threshold aren’t subject to Social Security tax.

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Sales Tax and Vitamins/Dietary Supplements

TaxConnex

You won’t find too many more confusing sales tax scenarios than the one involving dietary supplements. For purposes of sales tax, sometimes supplements and vitamins are considered drugs (prescription or not), sometimes groceries or food, sometimes tangible personal property – and sometimes not.

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More Trending

Surviving Due Diligence, Part 3: Cap Tables

BurklandAssociates

Welcome to the third post of our Surviving Due Diligence series of tips and suggestions for startups exploring or undergoing investment rounds, exit conversations, and other transactions. Early-stage founders, particularly Read More.

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How Business Owners Can Comply With New Financial Crime Regulation

RogerRossmeisl

Earlier this year, the Corporate Transparency Act (CTA) became the latest law intended to foil financial crime. This law is part of the National Defense Authorization Act and requires certain entities to disclose the identities of those who own or control it.

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New and Recycled Tax Proposals Released as House “Managers Amendment”

Withum

Articles

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Tax Savings for Small Business Owners: Bonus Depreciation and Section 179

xendoo

When making a major purchase for your business, you are expected to spread the tax deduction out over the lifespan of that purchase, which provides small tax savings over the years. But, why wait?

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5 Reasons People Quit, 10 Ways to Make Them Stay

Learn how to protect your company from The Great Resignation’s turnover epidemic.

Keep Going: Wendy’s Story

MazumaBusinessAccounting

Stress, illness, and a near-death experience. That’s what propelled Maureen Wendy Dearborne to find her calling in life. From a broken engagement to missed promotions at work, Wendy felt like her life was unraveling.

When For-Profit Colleges Deceive Students

RogerRossmeisl

For-profit colleges and vocational schools — especially online programs — provide degree-earning opportunities to many Americans who might not otherwise be able to pursue higher education due to financial pressures and work or family obligations.

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Ordinary Joe

Withum

NBC has a new series, “Ordinary Joe,” on Monday nights at 10:00 ET. I really like it and want to share some info about it. It is about Joe Kimbreau, who makes a life-altering choice on the night of his college graduation. Blogs

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How Do I Pay Myself and My Taxes as an S-Corporation?

xendoo

When businesses are born, business owners are likely not daydreaming about taxes and payroll. Yet, they still face the unique challenge of figuring out how to pay themselves, file their taxes, and maximize their tax savings.

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Employee Safety During COVID-19: Compliance Toolkit

Stay compliant with Paycor’s COVID-19 Action Plan FAQs and templates toolkit.

A Guide to Traditional Costing Systems

AccountingDepartment

Pricing decisions are among the most important decisions business owners, or their financial teams, make. Cost accounting methods help business leaders make wise pricing decisions.

Tax Ramifications of Having a Household Worker

RogerRossmeisl

Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations.

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Withum Announces New Childcare Reimbursement Expense Program

Withum

News

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9 eCommerce Tax Deductions for 2021

xendoo

You might not be thinking about taxes until closer to the deadline, but planning your eCommerce tax deductions is a year-round process. If you run an online business, investing in tax-deductible business expenses can reduce your tax burden and increase your profits.

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Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Everything Nonprofit Leaders Need to Know About In-Kind Donations

GrowthForceBlog

6 min read. How does a project get to be a year behind schedule? One day at a time. ”— Fred Brooks. Avoiding a difficult project only delays the outcomes you’re trying to achieve.

Tax Effect of Renting Out Your Vacation Home

RogerRossmeisl

If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can be complex. It depends on how many days it’s rented and your level of personal use.

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Case Study: Commercial Electric Vehicle Manufacturer Positioned for Transaction with Strategic Investor

Withum

Case Studies

What Nondiscrimination Testing Rules Apply to Self-Insured Health Plans?

ThomsonReuters

QUESTION: We are changing our company’s group health (major medical) plan from fully insured to self-insured next year. Will our plan have to comply with nondiscrimination rules under Code § 105(h) and, if so, what do these rules require?

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7 Ways to Manage a Talent Shortage

In this whitepaper, Paycor examines the top 7 things you can do to out-maneuver your competition and win the war for talent in the coming months.

The Multiple Benefits of Hiring A Virtual Assistant

SingleTrackAccounting

We have talked a lot about niching down to level up. This includes figuring out our strengths and weaknesses. When running your own business, you will undoubtedly wear multiple hats and take on tasks that do not fall into your zone of genius.

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What to Know About Participating in a 401(k) Plan

RogerRossmeisl

Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you’re thinking about participating in a plan at work, here are some of the features.

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Withum Welcomes New Partner Olga Blyweiss

Withum

News

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How Skagit County Businesses Can Build a Quality Prospect List

SkagitCountyTaxServices

How’s your client/customer list faring these days? If you’re like every other business around you, you’ve got some churn happening. People move, change jobs, experience a shift in financial circumstances … the list goes on. Even in predictable economic times (remember those days?),

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How Finance and Accounting Operations Fail to Scale Efficiently

Accounting and finance become more complex at each stage of a company’s growth. Learn what to expect as you scale, and how decisions or neglect today might impact the future of your business. This guide provides a roadmap for a SaaS company with standard growth, all the way from idea to IPO and beyond.

Representing the Buyer vs the Seller: Tax Planning for Business Deals

CTP

Tax planners need to employ different strategies depending on whether they’re representing the buyer or the seller in the sale of a company. Buyers and sellers have competing interests when it comes to tax advantages—what is good for the buyer is often bad for the seller and vice versa.

Which are the Most Private E-Mail Services?

RogerRossmeisl

As posted to the Naomi Brockwell YouTube Channel on 6/21/21 (Run Time: 12 min, 48 sec) In this informative video from her Privacy Series, Naomi Brockwell compares the most popular e-mail options available to help you make an informed decision as to which will work best for your personal situation.

Case Study: Last Mile Delivery Electric Vehicle Manufacturer Positioned for SPAC Acquisition

Withum

Case Studies

Flashback Friday – Managing Remote Workers

RitaKeller

“Space isn’t remote at all. It’s only an hour’s drive away if your car could go straight upwards.” ” – Fred Hoyle. We have been doing it for nearly twenty-one months now, trying to successfully manage a remote workforce. It looks like the challenge will lessen somewhat as many of your team members come back to the office because they actually enjoy working in the office. You still have those who demand and appreciate the option of working from home.

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The #1 Cloud ERP Software to Manage Your Small to Mid-size Business.

From startup to enterprise NetSuite offers an ERP solution to help businesses scale and grow. With visibility and control when adaptability has never been more important, you’ll be able to streamline the right process and make smarter decisions, faster.