BurklandAssociates
JANUARY 26, 2021
What is the Qualified Small Business Stock (QSBS) tax exemption? The Qualified Small Business Stock (QSBS) tax exemption may allow you to exclude up to $10 million of gain when Read More. The post The QSBS Tax Exemption – Don’t Miss Out appeared first on Burkland.
RogerRossmeisl
JANUARY 27, 2021
For most retailers, December is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly if the returns are fraudulent. U.S. retailers suffer annual losses of $18.4 billion from fraudulent returns, according to data analytics company Appriss and the National Retail Federation (NRF).
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
AccountingDepartment
JANUARY 27, 2021
Businesses can thrive or fail based on how healthy their accounting is. Don't guess! Measure the health of your accounting and see where your KPIs stand against industry benchmarks for marketing agencies.
TaxConnex
JANUARY 26, 2021
Massachusetts has joined the ranks of states that have provisions for accelerated remittance of sales tax. What does this mean for online companies that sell into that state? Effective April 1, 2021, businesses that have collected and remitted more than $150,000 in sales tax in the preceding calendar year will be required to remit tax collections to Massachusetts through the 21st day of the month no later than the 25 th day of the same month.
Advertiser: Paycor
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.
PYMNTS
JANUARY 26, 2021
Last week, the U.K. marked its third anniversary of adopting its open banking framework, making it the leading market to drive the concept of unlocking customers’ bank account data for integration with third-party solution providers. Over the last three years, the open banking model has continued to proliferate in markets around the world — even in jurisdictions, like the U.S., where there is no open banking regulatory mandate.
RogerRossmeisl
JANUARY 25, 2021
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 crisis (or you received one last year), you may wonder about the PPP loan tax consequences. Background on the loans In March of 2020, the CARES Act became law.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
xendoo
JANUARY 25, 2021
Keep this chart handy or copy the relevant parts of it into your calendar so you won’t miss a due date throughout the year. W-2 Filing. (Wage and Tax Statement for Full- and Part-Time Employees). January 31. Form 1096 Filing. (Information Return by Employers to the IRS on Form 1099s Issued to Independent Contractors). February 29. Form 1099-MISC Filing.
PYMNTS
JANUARY 25, 2021
In the world of business, where the quest for profits, sales growth and the next big thing is never ending, here’s something you don’t hear every day. “I will die of old age before we've even cracked a fraction of this demand.” . That’s the market summary Outdoorsy Co-founder and CEO Jeff Cavins gave to PYMNTS' Karen Webster on the status of his RV rental platform, which’s about to cross the billion-dollar bookings milestone in only its fifth year in business.
RogerRossmeisl
JANUARY 28, 2021
The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide to switch from one entity type to another. Although S corporations can provide substantial tax benefits over C corporations in some circumstances, there are potentially costly tax issues that you should assess before making the decision to convert from a C corporation to an S corporation.
ThomsonReuters
JANUARY 28, 2021
Independent Contractor Status Under the Fair Labor Standards Act, 29 CFR Parts 780, 788, and 795, 86 Fed. Reg. 1168 (Jan. 7, 2021); News Release: U.S. Department of Labor Announces Final Rule to Clarify Independent Contractor Status Under the Fair Labor Standards Act (Jan. 6, 2021). Final Rule. News Release. The DOL’s Wage and Hour Division (WHD) has finalized regulations for determining whether a worker is an independent contractor for purposes of the Fair Labor Standards Act (FLSA).
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.
SkagitCountyTaxServices
JANUARY 28, 2021
My goal today is to simplify your options. There is so much noise, and so many conflicting voices about all of this, that I wanted to give you an authoritative, basic rundown of what’s being made available to you and other Skagit County small business owners by the federal government. These kinds of programs are very rare opportunities — which makes sense, given that this has been a very rare kind of year, yes?
PYMNTS
JANUARY 25, 2021
The Reserve Bank of India (RBI) is exploring making a digital currency, a reversal of its prior position, according to a report from Cointelegraph. A booklet on payments released by the RBI Monday (Jan. 25), said the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency,” the report stated, adding that it would put one into use if necessary.
RogerRossmeisl
JANUARY 26, 2021
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, 2021. After sending the forms to recipients, taxpayers must file the forms with the IRS by March 1 (March 31 if filing electronically). The requirement begins with forms for tax year 2020.
Patriot Software
JANUARY 27, 2021
If you’re an employer in Washington state, it’s time to listen up. There’s a new tax in town: the Seattle JumpStart tax. So Seattle employers, read up on the new payroll expense tax and what it means for you and your business. What is the Seattle JumpStart tax? On July 6, 2020, the Seattle, Washington […] READ MORE.
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
RitaKeller
JANUARY 25, 2021
“Focus on being productive instead of busy.” – Tim Ferriss. I think we have all enjoyed browsing the hundreds. thousands… of Bernie memes. I know I had a lot of laughs these past few days. Of course, the most meaningful Bernie meme, for all of us working in the CPA profession, comes from Shayna Brooke, Founder & Chief Strategist at Shaynaco LLC in Gallipolis, Ohio.
PYMNTS
JANUARY 28, 2021
By the numbers, convenience stores are America’s gas stations. They account for 63.7 percent of all gasoline sold in the country, and 80 percent of them combine the food staples they’re well known for with the pumps for the business they’ve come to dominate. But the simplicity ends there. For convenience store chains and independents, fuel is a razor-thin business.
GrowthForceBlog
JANUARY 29, 2021
6 min read. “A goal properly set is halfway reached.” —Zig Ziglar. Don’t put employee goal setting on the back burner this year. The start of a new year welcomes a new opportunity to help employees set their professional goals and set the tone of your organization for the year ahead.
KROST
JANUARY 25, 2021
Congress introduced the Bipartisan economic relief package on December 20, 2020. This relief bill provides stimulus to individuals and businesses. As an industry impacted by the pandemic, real estate businesses can benefit from several key tax provisions in the package. We have outlined these opportunities below. Business Meals Deduction. Currently, the deductibility of business meals is limited to 50% of qualifying expenses.
Advertisement
Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.
Patriot Software
JANUARY 25, 2021
As an employer, you can offer small business retirement options, like 401(k) plans, to your employees. But when it comes to 401(k) options, it isn’t just a one and done type of deal. There are a few different types of 401(k) plans to choose from. 401(k) Overview Let’s brush up on what 401(k) is, shall […] READ MORE.
PYMNTS
JANUARY 25, 2021
Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. The new Enhanced Contactless (Ecos) specifications will come along with the demand for more efficient, safer products overall, the release stated. Contactless payments are “future-proofed” in that they will let consumers access the security and convenience for long into the future, according to the release.
AccountingDepartment
JANUARY 26, 2021
Businesses can thrive or fail based on how healthy their accounting is. Don't guess! Measure the health of your accounting and see where your KPIs stand against industry benchmarks for professional services companies.
ThomsonReuters
JANUARY 28, 2021
In 2020, we saw a flurry of COVID-19-related activity at the SEC designed to help companies navigate the business impact of the pandemic. That, however, didn’t stop the SEC from pushing through several key rulemaking initiatives on its regulatory agenda. This blog post highlights certain changes in SEC reporting and disclosure across several key topics, along with practical takeaways.
Advertisement
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Withum
JANUARY 25, 2021
I will be presenting two investment programs for the general public. The first is Thursday, Jan 28 at 12 pm and the second is Sunday, Feb 7 at 10 am. Both will be 1 hour, on Zoom and are free.
PYMNTS
JANUARY 26, 2021
Given that the World Economic Forum has been relegated by the pandemic to a week-long digital discussion, how fitting is it that a conference of executives, elected leaders and academic experts that would normally be gathering in the snowy Swiss mountain town this week be told that the Golden Age of remote work is upon us and that there’s no turning back?
KROST
JANUARY 27, 2021
On December 27, 2020, Congress passed a $900 billion COVID-relief package, along with a $1.4 trillion spending package, that funds the government for the 2021 fiscal year. The spending bill includes several tax extenders; Section 45L tax credit for multifamily and residential developers, 179D tax deduction for commercial and government buildings, as well as 25C and 25D tax credits for homeowners.
RLLeaders
JANUARY 29, 2021
If this popular question is any indication, 2021 might not have started the way everyone hoped. We were all so eager to be through with the hardships of 2020 that we thought 2021 would be different. Turns out, not so much. January’s been brutal — a roller coaster of emotions — and the year is just starting. There wasn’t a magic switch, a sudden change of scenery, and we haven’t all been vaccinated overnight.
Advertiser: Paycor
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.
Withum
JANUARY 28, 2021
One of the first things I read in the NY Times is the obituary column. It seems to have become a must-look-at part of the daily paper for me. I’ve noticed an increasing number of paid notices, some of which cost upwards of $10,000 and have been wondering, why?
PYMNTS
JANUARY 25, 2021
Last week marked the third anniversary of PSD2 , the regulation that launched open banking in the U.K. and Europe. And those three years have given rise to a slew of new companies capitalizing on that initiative all over the world, as well as established companies making their mark. According to Ossama Soliman , chief product officer at open banking provider TrueLayer , the very fact that there are so many payment options pushes new entrants to differentiate themselves from the pack.
KROST
JANUARY 26, 2021
Paren Knadjian ( Practice Leader, M&A, and Capital Markets ), Stacey Korman, CPA ( Principal ), Sossi Bekarian, CPA ( Senior Manager ), and Jeff Kamin, CPA ( Manager, Accounting, ERTC ) hosted a second session on the PPP Second Draw Program & Employee Retention Credits webinar. They reviewed the details of the recently passed Coronavirus Response & Relief Supplemental Appropriations Act including: Revised PPP rules and Second Draw PPP Loans – eligibility, calculations, application
FraudFiles
JANUARY 28, 2021
Trust is inherent in any good business. We continuously place trust in our employees and in those with whom we do business. But that trust which is so necessary to the operation of a business is also the impetus for thieves to profit. It is unfortunate that fraud occurs when and where you least expect it. Blood may be thicker than water, but that doesn’t protect a company from theft by family members.
Advertisement
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.
Expert insights. Personalized for you.
130 
Let's personalize your content