Withum

FEBRUARY 1, 2024

Jason Smith’s sponsored bill H.R. While the decisive vote helps to focus the Senate discussion, the ability and timing for the Senate to vote on the bill remains unclear. The bill would also expand low-income housing credit and financing, disaster tax relief, and U.S. How Does the Bill Impact the Federal Budget?

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Tax Finance tax services business tax 124

CPA Practice

MARCH 26, 2024

By Lawrence Mower , Tampa Bay Times (via TNS). Florida governor Ron DeSantis signed a bill on March 25 blocking most kids from social media websites, setting up an expected court battle that could prevent the legislation from ever taking effect. Kids 14 and 15 would need parents’ consent. You know what?

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Florida Texas Arkansas Government 108

Going Concern

APRIL 7, 2024

On April Fools’ Day, California Assemblymember Matt Haney announced he’s introduced AB 2751 , a proposal that “guarantees California workers uninterrupted personal and family time by creating a ‘right-to-disconnect’ from emails, texts, and calls after work hours.”

California 86

California Legal 86

CPA Practice

APRIL 5, 2024

Both senators were once considered possible supporters of the bill, a GOP aide said, but are now bending to strong opposition to the child tax credits from Mike Crapo of Idaho, the top Republican on the Senate Finance Committee. Crapo in March sent Democrats a list of requested changes to the bill, people familiar with the matter said.

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Tax Idaho Kentucky Gambling 105

CPA Practice

NOVEMBER 14, 2023

used its annual QuickBooks Connect user conference in Las Vegas to announce QuickBooks Bill Pay , a new solution fully integrated within QuickBooks that transforms bill pay for businesses and delivers accounts payable automation. Intuit Inc. Intuit is the maker of TurboTax , Credit Karma , QuickBooks , and Mailchimp.

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quickbooks AP Automation Accounts Payable Automation Approval Workflows 111

SMBAccountant

AUGUST 30, 2021

Project managers should work closely with their team to manage resources, track the project’s performance to budget, and communicate with the accounting department to review billing rates to make sure the contract remains profitable. This means the agreed upon price cannot be adjusted based on additional costs incurred.

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CPA Practice

FEBRUARY 12, 2024

That’s because, as the bill is worded, federal taxes on Social Security income would be eliminated beginning in 2025 (tax returns filed in early 2026). However, this isn’t the first time lawmakers have introduced legislation to end income tax on Social Security benefits. Will the You Earned It, You Keep It bill pass?

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Tax Minnesota income tax payroll tax 131

Anders CPA

APRIL 22, 2024

Under the umbrella of production metrics, we have several Key Performance Indicators that partners can use to gauge the success of their firm at any point in time. Let’s take a look at how production metrics work, as they relate to hourly billing firms. If your utilization is low, this is the lever you need to pull.

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Non-Profits Legal CPA Maine 52

RogerRossmeisl

JULY 14, 2021

The kids can gain on-the-job experience, spend time with you, save for college and learn how to manage money. In turn, the deduction reduces your federal income tax bill, your self-employment tax bill (if applicable), and your state income tax bill (if applicable). However, in order for your.

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Tax income tax payroll tax payroll 246

RogerRossmeisl

JULY 14, 2021

Fraudulent disbursements comprise many of the most frequently executed schemes, such as over-billing and “ghost” employee schemes. Fraudulent disbursements comprise many of the most frequently executed schemes, such as over-billing and “ghost” employee schemes. A dishonest vendor also might submit a legitimate invoice several times.

CPA 246

CPA Maine 246

CPA Practice

MARCH 22, 2024

The chamber passed the 1,012-page bill by a vote of 286-134, with 101 Republicans and all but 22 Democrats backing the bill. That tally is lower than the 339-85 vote to pass the first six-bill package earlier this month, though that bill included less controversial spending measures. This time, Speaker Mike Johnson, R-La.,

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Texas Education Hospitality Construction 98

RogerRossmeisl

MARCH 28, 2022

As posted to the Peak Prosperity YouTube Channel on 3/23/2022 (Run Time: 52 min, 22 sec) Paraphrased from Creator-Provided Description California is facing a rash of exceptionally dangerous and poor legislation that is truly beyond belief. If California passes these laws, other states could well be next.

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California CPA 231

RogerRossmeisl

AUGUST 6, 2023

Important: The IRS will never contact you by email, text or social media channels about a tax bill or refund. Scammers are coming up with new ways all the time to try. “Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS.

CPA 211

CPA Tax 211

TaxConnex

JANUARY 4, 2024

No year’s ever dull in sales tax, and the pace has only accelerated in the five years since the Supreme Court’s Wayfair decision. In 2023, familiar trends and new issues showed up across the states. As we start the new year, here’s a look back at some significant sales tax events from 2023. Virginia, Alabama and Kansas gave breaks on groceries.

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Sales Tax Colorado Alaska 232

CPA Practice

APRIL 24, 2024

A new bill recently introduced by lawmakers in both the House of Representatives and the Senate would improve the IRS’s math error procedures—a power used by the agency to quickly adjust a taxpayer’s federal income tax return if it contains a simple mistake or clerical error. You owe money on your taxes as a result of these changes.

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tax return Tax income tax cpas 110

Xero

NOVEMBER 27, 2023

Paying bills is a crucial part of the cash flow equation, and yet it’s usually a very manual process for small business owners. Getting bills into Xero, processing the payment and reconciling each transaction can take time away from important tasks, like growing revenue and managing costs.

Technology 95

Technology accounts payable accounting software Start-ups 95

SMBAccountant

JANUARY 5, 2024

The beginning of a new year also means a fresh start for your Income Statement; which is why now is the perfect time to review your accounting software needs. Accounting may be complicated and time-consuming, especially with spreadsheets. That's why most firms use invoicing and accounting software.

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accounting software Account accountant accounted 246

CPA Practice

JANUARY 30, 2024

Congresswoman Angie Craig met with a room full of farmers late last week, with a farm bill still elusive back on Capitol Hill. The farm bill, covering over a billion dollars in spending on nutrition programs, crop insurance and sustainable ag-land funds, has been stuck on the legislative road. By Christopher Vondracek.

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Minnesota Agriculture Louisiana Washington 111

Airbase

NOVEMBER 15, 2023

Accounts payable (AP) refers to the series of steps that companies take to pay their bills. It requires the safe handling and recording of funds transferring from the company’s bank account to suppliers and vendors. Table of Contents FirstHeading What is AP automation? Features of AP automation software. 4) Payment cycles.

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AP Automation Technology accounts payable Accounts Payable Automation 130

CPA Practice

APRIL 9, 2024

In my role at BILL, I spend a lot of time listening and talking to small and midsize businesses (SMBs) and accountants about how trends like AI are impacting them. For an example of how automation benefits accounting firms in real time, look no further than California-based firm Chaney & Associates.

Technology 119

Technology Account accountant accounted 119

RogerRossmeisl

DECEMBER 14, 2021

If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. If you’re self-employed, The post 3 Ideas That May Help Cut Your Year-End Tax Bill appeared first on Roger Rossmeisl, CPA. Accelerate deductions/defer income.

Tax 225

Tax tax return CPA tax planning 225

ThomsonReuters

APRIL 24, 2024

Overview of the Alabama exclusion of overtime wages On June 8, 2023, Alabama Governor Kay Ivey signed House Bill 217 into law, excluding wages earned for hours worked in excess of 40 in a workweek from gross income, beginning January 1, 2024, through June 30, 2025. All across the nation, employers are struggling to fill open jobs.

West Virginia 52

West Virginia Alabama Legal Tax 52

Xero

APRIL 2, 2024

This means it’s time to revisit goals, set intentions, and level up in order to make the most of the next 12 months. By optimising your systems and processes to create more seamless workflows and win back time. Automate data entry with Hubdoc If you’re looking to save time and streamline data entry, Hubdoc could be the tool for you.

Account 86

Account accountant accounted Tax 86

RogerRossmeisl

MARCH 5, 2024

If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. For 2023, The post If You Didn’t Contribute to an IRA Last Year, There’s Still Time appeared first on Roger Rossmeisl, CPA. Who is eligible?

tax return 119

tax return CPA Tax 119

CPA Practice

JANUARY 19, 2024

Democratic support is likely to be key if the bill is to pass the House as a stand-alone bill, particularly if leadership wants to limit amendments or debate on the floor. This bill contains important provisions that individually have bipartisan support,” said Ways and Means Chairman Jason Smith, R-Mo. “We

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Tax Wisconsin Massachusetts Start-ups 119

RogerRossmeisl

FEBRUARY 20, 2023

Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. However, it’s a good time to familiarize yourself with tax amounts that may have changed for 2023. Due to inflation, many amounts have been raised more than in past years. Will I qualify for 2023?

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Tax tax return CPA 222

SchoolofBookkeeping

SEPTEMBER 14, 2023

New QuickBooks Bill Pay Service QuickBooks Payments , which is an Intuit QuickBooks Service for receiving credit card and bank payments is now poised to offer a bill payment service of their own. As such this means that the deeply integrated service powered by Melio or BILL will no longer be available.

quickbooks 98

quickbooks online accounting Expense Management Account 98

CPA Practice

APRIL 18, 2024

The bill, the fourth part of a package of measures released Wednesday that would also provide $95.3 The measure would also give the president the flexibility to offer a one-time extension of 90 days, bringing the total time available for ByteDance to nearly a year. Senate Majority Leader Charles E. Schumer, D-N.Y.,

Idaho 52

Idaho E-commerce Texas Legal 52

Anders CPA

FEBRUARY 12, 2024

Streamlining your billing process is essential to your firm’s long-term health and reputation. Most legal professionals believe that they have good billing practices, but struggle with firm-wide enforcement, tracking billable hours, client follow-up and which legal billing software to choose. Timely Billing Bill early and often.

Legal 52

Legal accounting and finance Start-ups Finance 52

Xero

FEBRUARY 28, 2024

Paying bills and getting paid on time are critical requirements for small businesses to effectively manage cash flow. To tackle this problem, we have announced a new partnership with BILL , a leading financial operations platform for small and midsize businesses (SMBs), to bring bill pay capabilities to our US customers.

Finance 64

Finance 64

Xero

NOVEMBER 14, 2023

In the months ahead, you’ll be able to receive your monthly Xero subscription bill as an eInvoice, with the ability to send eInvoices to follow, as the adoption of eInvoicing in the UK increases. To start receiving your Xero subscription bills as an eInvoice, you’ll need to register to receive eInvoices in Xero. What is eInvoicing?

small business accounting software 102

small business accounting software accounting software accounting system bookkeeping 102

CPA Practice

APRIL 22, 2024

Without the time and investment war chest that larger firms have, there is a real concern that the rest of the market will be unable to compete. The majority of tech giants today are former tech underdogs from 20 years ago, and all of them started their journey through tackling existing issues first, one piece at a time.

cpas 119

cpas Technology cpa firm CPA 119

CPA Practice

OCTOBER 10, 2023

By Carly Olson, Los Angeles Times (via TNS). You know the ones: A hotel bill that ends with a vague “resort fee.” Or those concert tickets that double in price once it’s time to type in your credit card information. Or those concert tickets that double in price once it’s time to type in your credit card information.

California 105

California Sales Government Finance 105

CPA Practice

SEPTEMBER 6, 2023

Nominated products or technologies must be less than two years old or have had new, significant features or enhancements during that time. We hope you’ll take the time to examine each of our featured products this year as you optimize your potential for achieving success in your business.” All 50 U.S.

Technology 122

Technology accounting and finance Tax CPA 122

CPA Practice

JUNE 8, 2023

By Thomas Gase, Times-Herald, Vallejo, CA (TNS) The House Ways and Means Committee passed Rep. The bill now goes to the House floor for consideration. “I This bill will streamline reporting requirements so companies can focus on what they do best—creating jobs and growing our local economies.” c)2023 Times-Herald (Vallejo, CA).

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Withum

SEPTEMBER 29, 2023

Previous versions of the SAFE Banking Act passed the House seven times but have never received support to be moved forward. The bill will enable legal cannabis businesses to have access to banks and financial institutions that have previously been off-limits.

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