The latest IRS and NYS initiatives including an update on IRS audit procedures and current audit focus areas, NYS tax reform (estate tax, credits, etc.), and a few topics relevant to businesses operating in other New England states. By Harlan J. Kwiatek, CPA, JD, LLM, Partner - New York, McGladrey LLP.
Business Owner Eligibility Under a QSEHRAPeopleKeep
Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs), sometimes called Small Business HRAs, are a popular benefit for companies looking to reimburse their employees for individual health insurance and medical expenses. A natural next question for business owners is "Can I get in on this?"
As with many IRS rules, the answer depends. In our new infographic, you can tell at a glance what kinds of business owners are or are not eligible to participate in the QSEHRA and when.
The budget made the following key changes to direct taxes:
1. Corporate tax was reduced to 25% for companies with turnover less than Rs. 250 crores.
2. Education cess was replaced with a 4% "Health and Education Cess".
3. Standard deduction of Rs. 40,000 was introduced for salaried employees but other allowances were removed.
4. Long term capital gains on equity investments exceeding Rs. 1 lakh will be taxed at 10% if STT was paid.
No other changes were made to individual income tax slabs.
This document provides an estate planning update for 2011-2012. It discusses potential changes to the minimum distribution rules for inherited retirement plan benefits. It also covers proposals for the Uniform Trust Code in Minnesota, the estate tax exemption amount and portability, and proposed legislation for fiscal year 2012. The document provides details on drafting trusts to take advantage of the new qualified small business and farming deduction in Minnesota.
Proactive Year-end Financial and Tax Planning StrategiesAICPA
In the third webcast in the AICPA Insights Live webcast series, Beth Gamel, CPA/PFS, Robert S. Keebler, CPA, Ted Sarenski, CPA/PFS and Scott Sprinkle, CPA/PFS, CGMA came together to discuss year-end financial and tax planning strategies, specifically to address the American Taxpayer Relief Act and the Net Investment Income Tax. Below you can find an audio recording from the webcast, as well as the accompanying presentation. Be sure to explore the other webcasts in the AICPA Insights Live webcast series.
January 2021 Tax Tips Newsletter
Harman CPA PDF Of Jan 2021 Newsletter Content
JANUARY 2021 NEWSLETTER CONTENT WHICH
APPEARED ON OUR WEBSITE
John Harman, CPA PLLC
1402 S. Custer Rd, S-102
McKinney, TX 75070
info@mckinneytax.com
Phone: (469) 742-0283
https://www.mckinneytax.com/
YouTube videos here: https://www.youtube.com/user/mckinneytax
John Harman, CPA PLLC, January 2021 Tax Tips Newsletter, mckinneytax, JANUARY 2021 NEWSLETTER
The latest IRS and NYS initiatives including an update on IRS audit procedures and current audit focus areas, NYS tax reform (estate tax, credits, etc.), and a few topics relevant to businesses operating in other New England states. By Harlan J. Kwiatek, CPA, JD, LLM, Partner - New York, McGladrey LLP.
Business Owner Eligibility Under a QSEHRAPeopleKeep
Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs), sometimes called Small Business HRAs, are a popular benefit for companies looking to reimburse their employees for individual health insurance and medical expenses. A natural next question for business owners is "Can I get in on this?"
As with many IRS rules, the answer depends. In our new infographic, you can tell at a glance what kinds of business owners are or are not eligible to participate in the QSEHRA and when.
The budget made the following key changes to direct taxes:
1. Corporate tax was reduced to 25% for companies with turnover less than Rs. 250 crores.
2. Education cess was replaced with a 4% "Health and Education Cess".
3. Standard deduction of Rs. 40,000 was introduced for salaried employees but other allowances were removed.
4. Long term capital gains on equity investments exceeding Rs. 1 lakh will be taxed at 10% if STT was paid.
No other changes were made to individual income tax slabs.
This document provides an estate planning update for 2011-2012. It discusses potential changes to the minimum distribution rules for inherited retirement plan benefits. It also covers proposals for the Uniform Trust Code in Minnesota, the estate tax exemption amount and portability, and proposed legislation for fiscal year 2012. The document provides details on drafting trusts to take advantage of the new qualified small business and farming deduction in Minnesota.
Proactive Year-end Financial and Tax Planning StrategiesAICPA
In the third webcast in the AICPA Insights Live webcast series, Beth Gamel, CPA/PFS, Robert S. Keebler, CPA, Ted Sarenski, CPA/PFS and Scott Sprinkle, CPA/PFS, CGMA came together to discuss year-end financial and tax planning strategies, specifically to address the American Taxpayer Relief Act and the Net Investment Income Tax. Below you can find an audio recording from the webcast, as well as the accompanying presentation. Be sure to explore the other webcasts in the AICPA Insights Live webcast series.
January 2021 Tax Tips Newsletter
Harman CPA PDF Of Jan 2021 Newsletter Content
JANUARY 2021 NEWSLETTER CONTENT WHICH
APPEARED ON OUR WEBSITE
John Harman, CPA PLLC
1402 S. Custer Rd, S-102
McKinney, TX 75070
info@mckinneytax.com
Phone: (469) 742-0283
https://www.mckinneytax.com/
YouTube videos here: https://www.youtube.com/user/mckinneytax
John Harman, CPA PLLC, January 2021 Tax Tips Newsletter, mckinneytax, JANUARY 2021 NEWSLETTER
In this podcast, Bob Keebler covers Revenue Procedure 2014-18, which provides a simplified method for certain taxpayers to obtain an extension of time to make a portability election. Rev. Proc. 2014-18 provides an automatic extension for certain estates of decedents dying in 2011, 2012 and 2013 to elect portability. The extension applies to estates that would otherwise not have had a filing requirement, and allows the estates to file a return to elect portability until December 31. It includes the estates of same-sex decedents who were not eligible to elect portability until after the Windsor decision. Access more resources in the Planning After ATRA and NIIT Toolkit, including more podcasts, new charts by Bob Keebler as well as webcast recordings and Forefield Advisor alerts/videos, and the complete four-volume set of The CPA’s Guide to Financial & Estate Planning, recently updated for ATRA and NIIT, and much more.
The document provides an update on estate planning topics including proposed changes to inheritance of retirement plan benefits, the Uniform Trust Code in Minnesota, portability, proposed federal legislation for fiscal year 2012, drafting for the qualified small business deduction, and planning for income tax basis step-up in bypass trusts. Key points covered include possible changes to required minimum distributions for inherited retirement plans, the requirements and advantages of portability, and new rules for the Minnesota qualified small business property deduction.
CBIZ Commercial Real Estate Hot Topics Newsletter - June-July 2020CBIZ, Inc.
This issue offers links to webinars and articles addressing COVID-19 issues like PPP forgiveness, specific tax considerations for the CRE sector, preparing for cybersecurity questions from your auditor, the P&C market outlook and associated insurance planning insights, keys for a smooth transition to the new normal, and two QOZ topics – one on IRS pandemic deadline relief and a guest article on the role OZ funds can play at both the community and national levels.
CARES Act Update - What you Need to Know Heading into 2021Citrin Cooperman
During this webinar we focused on the interplay between the different CARES Act provisions, in particular PPP loans, Provider Relief Funds, and Medicare Advanced Payments, and how they may impact 2020 year-end planning and 2021 forecasting.
ADP CARES Act Presentation for AccountantsTom Byrne
This document provides a summary of the Coronavirus Aid, Relief, and Economic Security (CARES) Act:
- It outlines several tax provisions including deferral of employer payroll taxes, new refundable employee retention credit for employers, and a tax exclusion for student loan repayment benefits.
- It also summarizes unemployment insurance provisions such as pandemic unemployment assistance and increased benefit amounts.
- Details are provided about the Paycheck Protection Program including loan amounts, eligibility, and guidelines for loan forgiveness.
- Resources are listed to help businesses and employers understand and utilize the various programs, including an ADP employer toolkit and guides. ADP pledges to help clients navigate compliance requirements and focus on running their businesses
Traditionally, this is the time at which we recommend you take stock of tax and finance for you, your family and your business. A strategic review before the end of the tax year on 5 April 2021 may suggest ways to structure your affairs more efficiently and make the most of your tax position. Some planning points this year reflect the impact of the pandemic.
lease be assured that we are always on hand to advise and keep you up to date with tax and finance measures as they unfold. Throughout this publication, the term spouse includes a registered civil partner. We have used the rates and allowances for 2020/21.
ACA Taxes Impacting Employers & IndividualsCBIZ, Inc.
The document discusses taxes impacting employers and individuals under the Affordable Care Act that will take effect in 2013 and 2014. For employers in 2013, it outlines requirements for withholding the additional 0.9% Medicare tax on high-income employees, reporting the value of health coverage on W-2s, and limiting health flexible spending accounts to $2,500. It also discusses that employers will no longer be able to deduct retiree prescription drug costs covered by federal subsidies after 2012. For 2014, it explains the shared responsibility payment excise tax that may be assessed if large employers do not provide affordable and adequate health coverage to full-time employees. For individuals in 2013, it summarizes the new 3.8%
Payroll Webinar: Form W-2 for 2020: All You Need to KnowAscentis
The Form W-2 is one of the most important documents that payroll departments must process. This webinar covers the IRS Form W-2 for 2020. We examine the requirements for completing and filing the form including a box by box explanation. Best practices for completing and reconciling the form, handling duplicate requests from employees are also covered. When to use the correction Form W-2c is also discussed.
Key information from the IRS on what's new in the 2012 Form 990 and key excerpts from the IRS Exempt Organization workplan for 2013 presented by Tate Tryon's Deborah Kosnett, CPA.
COVID-19 Update: Understanding the Provider Relief Fund for Dental ProvidersCitrin Cooperman
The document provides information for dental providers about the Provider Relief Fund, which was created by the CARES Act to provide financial assistance to healthcare providers responding to COVID-19. Key points include:
- There are important application deadlines of July 20 for Medicaid/CHIP funds and July 24 for dental provider funds.
- Dental providers must meet eligibility criteria to apply for targeted allocation funds by July 24, including not receiving other relief funds and providing patient care after January 31, 2020.
- Providers must manage funds properly by reviewing terms, establishing accounting and documentation, and preparing for reporting requirements to avoid potential recoupment of funds if expenses cannot be justified.
Coronovirus Relief and Economic Security Act (CARES): What the Act Means to Y...Parsons Behle & Latimer
This document summarizes a webinar about the Coronavirus Relief and Economic Security (CARES) Act. The webinar covered Payroll Protection Program loans and loan forgiveness, strategies if laying off workers is necessary, and other potential tax benefits of the CARES Act. It provided details on eligibility for and terms of PPP loans, the loan forgiveness process, and exceptions to affiliation and employee number limits. Other tax benefits discussed include the SBA paying existing loan payments, required minimum distribution relief, tax-free student loan payments by employers, disaster relief payments, payroll tax refunds, and social security tax payment delays.
1 highlights of income tax provisions in budget 2018Subramanya Bhat
The document summarizes key changes to India's income tax provisions in the 2018 budget. Some key points:
- Long-term capital gains (LTCG) over Rs. 1 lakh from listed equity shares will now be taxed at 10%. All LTCG until January 31, 2018 will be exempt.
- Standard deduction of Rs. 40,000 introduced for salaried employees in lieu of transport/medical exemptions.
- Deduction limits for senior citizens increased for interest income, health insurance premiums, and medical expenditure.
- Corporate tax rate reduced to 25% for domestic companies with turnover up to Rs. 250 crores.
Payroll compliance is vital for HR teams and business owners. Fail to stay on top of it and you could see serious fines or penalties coming your way.
Let’s dive into how to stay safe with the Affordable Care Act (ACA) Employer Mandate Compliance, tracking sick time, and COVID-19 Compliance in Dynamics GP.
Aera note it 2021_charitable institute_registration_mar 2021vikash parakh
The Central Board of Direct Taxes (CBDT) has issued a notification dated 26th March 2021 pertaining to the procedure for registration including reapproval/revalidation of existing 12A / 12AA / 80G registrations.
The new Rules and Forms will be applicable from 1st April 2021 and all charitable trusts and institutions already registered u/s 12A or 12AA or having 80G certificate must apply for reapproval/revalidation of their registration before 30th June 2021.
Aera has prepared a note for understanding and process for reapproval/revalidation/approval as per the released Notification.
Please let us know if you need any more details.
This document summarizes key points from a presentation on 2010 tax season updates. It discusses tax law changes from the 2010 Tax Relief Act including extended tax cuts and new benefits. It outlines things to watch out for such as proper documentation for deductions. It also reminds taxpayers about reporting foreign bank accounts, avoiding tax scams, and getting assistance from the Taxpayer Advocate if needed.
A list of provisions provided for planning savings and investments as part of your Income Tax planning. This is a beginner's guide to introduce yourself to several possible provisions.
ASC 606, Revenue From Contracts with Customers Health Care: What to ExpectCitrin Cooperman
The document discusses the new revenue recognition standard ASC 606 and its implications for healthcare entities. It covers the core principle of recognizing revenue as performance obligations are satisfied, the five step model for applying the standard, and examples of identifying performance obligations for common healthcare services like physical exams and skilled nursing facility care. Healthcare providers will need to exercise judgment to determine how the standard applies to their various contracts with patients and third party payors.
CARES Act - Key Takeaways for Healthcare OrganizationsCitrin Cooperman
The document summarizes key provisions of the CARES Act for healthcare organizations, including:
1) Medicare advance payments of up to 100% of prior payments, to be recouped starting 120 days later over a period of 210 days, with interest charged after 90 days for any remaining balance.
2) $100 billion in funding for healthcare providers through the Provider Relief Fund, with an initial $30 billion distributed based on 2019 Medicare fee-for-service billings.
3) Terms and conditions for the Provider Relief Fund distribution including certifying that funds will be used for COVID-19 related expenses and losses, not balance billing patients, and reporting requirements for recipients of over $150,000.
Twitter allows users to broadcast short messages to followers. It has an API that allows third-party applications to access Twitter data and a search API. Twitter is also compatible with RSS and Atom formats. Crowdsourcing distributes queries to multiple Twitter users to gather and combine results. Twitter acts as middleware for publishing and searching updates. It is a free service where messages stay in a queue until delivered and hashtags allow searchable context.
This document discusses how to become an authority in your field by building an authority community site focused on a subject matter rather than your brand. It recommends taking a neutral position, becoming the go-to source for your subject, onboarding influencers, facilitating discussions, answering questions to build an engaged community around the subject matter that includes consumers of your competitors. This establishes you as the authority for that subject matter and slashes online marketing costs.
In this podcast, Bob Keebler covers Revenue Procedure 2014-18, which provides a simplified method for certain taxpayers to obtain an extension of time to make a portability election. Rev. Proc. 2014-18 provides an automatic extension for certain estates of decedents dying in 2011, 2012 and 2013 to elect portability. The extension applies to estates that would otherwise not have had a filing requirement, and allows the estates to file a return to elect portability until December 31. It includes the estates of same-sex decedents who were not eligible to elect portability until after the Windsor decision. Access more resources in the Planning After ATRA and NIIT Toolkit, including more podcasts, new charts by Bob Keebler as well as webcast recordings and Forefield Advisor alerts/videos, and the complete four-volume set of The CPA’s Guide to Financial & Estate Planning, recently updated for ATRA and NIIT, and much more.
The document provides an update on estate planning topics including proposed changes to inheritance of retirement plan benefits, the Uniform Trust Code in Minnesota, portability, proposed federal legislation for fiscal year 2012, drafting for the qualified small business deduction, and planning for income tax basis step-up in bypass trusts. Key points covered include possible changes to required minimum distributions for inherited retirement plans, the requirements and advantages of portability, and new rules for the Minnesota qualified small business property deduction.
CBIZ Commercial Real Estate Hot Topics Newsletter - June-July 2020CBIZ, Inc.
This issue offers links to webinars and articles addressing COVID-19 issues like PPP forgiveness, specific tax considerations for the CRE sector, preparing for cybersecurity questions from your auditor, the P&C market outlook and associated insurance planning insights, keys for a smooth transition to the new normal, and two QOZ topics – one on IRS pandemic deadline relief and a guest article on the role OZ funds can play at both the community and national levels.
CARES Act Update - What you Need to Know Heading into 2021Citrin Cooperman
During this webinar we focused on the interplay between the different CARES Act provisions, in particular PPP loans, Provider Relief Funds, and Medicare Advanced Payments, and how they may impact 2020 year-end planning and 2021 forecasting.
ADP CARES Act Presentation for AccountantsTom Byrne
This document provides a summary of the Coronavirus Aid, Relief, and Economic Security (CARES) Act:
- It outlines several tax provisions including deferral of employer payroll taxes, new refundable employee retention credit for employers, and a tax exclusion for student loan repayment benefits.
- It also summarizes unemployment insurance provisions such as pandemic unemployment assistance and increased benefit amounts.
- Details are provided about the Paycheck Protection Program including loan amounts, eligibility, and guidelines for loan forgiveness.
- Resources are listed to help businesses and employers understand and utilize the various programs, including an ADP employer toolkit and guides. ADP pledges to help clients navigate compliance requirements and focus on running their businesses
Traditionally, this is the time at which we recommend you take stock of tax and finance for you, your family and your business. A strategic review before the end of the tax year on 5 April 2021 may suggest ways to structure your affairs more efficiently and make the most of your tax position. Some planning points this year reflect the impact of the pandemic.
lease be assured that we are always on hand to advise and keep you up to date with tax and finance measures as they unfold. Throughout this publication, the term spouse includes a registered civil partner. We have used the rates and allowances for 2020/21.
ACA Taxes Impacting Employers & IndividualsCBIZ, Inc.
The document discusses taxes impacting employers and individuals under the Affordable Care Act that will take effect in 2013 and 2014. For employers in 2013, it outlines requirements for withholding the additional 0.9% Medicare tax on high-income employees, reporting the value of health coverage on W-2s, and limiting health flexible spending accounts to $2,500. It also discusses that employers will no longer be able to deduct retiree prescription drug costs covered by federal subsidies after 2012. For 2014, it explains the shared responsibility payment excise tax that may be assessed if large employers do not provide affordable and adequate health coverage to full-time employees. For individuals in 2013, it summarizes the new 3.8%
Payroll Webinar: Form W-2 for 2020: All You Need to KnowAscentis
The Form W-2 is one of the most important documents that payroll departments must process. This webinar covers the IRS Form W-2 for 2020. We examine the requirements for completing and filing the form including a box by box explanation. Best practices for completing and reconciling the form, handling duplicate requests from employees are also covered. When to use the correction Form W-2c is also discussed.
Key information from the IRS on what's new in the 2012 Form 990 and key excerpts from the IRS Exempt Organization workplan for 2013 presented by Tate Tryon's Deborah Kosnett, CPA.
COVID-19 Update: Understanding the Provider Relief Fund for Dental ProvidersCitrin Cooperman
The document provides information for dental providers about the Provider Relief Fund, which was created by the CARES Act to provide financial assistance to healthcare providers responding to COVID-19. Key points include:
- There are important application deadlines of July 20 for Medicaid/CHIP funds and July 24 for dental provider funds.
- Dental providers must meet eligibility criteria to apply for targeted allocation funds by July 24, including not receiving other relief funds and providing patient care after January 31, 2020.
- Providers must manage funds properly by reviewing terms, establishing accounting and documentation, and preparing for reporting requirements to avoid potential recoupment of funds if expenses cannot be justified.
Coronovirus Relief and Economic Security Act (CARES): What the Act Means to Y...Parsons Behle & Latimer
This document summarizes a webinar about the Coronavirus Relief and Economic Security (CARES) Act. The webinar covered Payroll Protection Program loans and loan forgiveness, strategies if laying off workers is necessary, and other potential tax benefits of the CARES Act. It provided details on eligibility for and terms of PPP loans, the loan forgiveness process, and exceptions to affiliation and employee number limits. Other tax benefits discussed include the SBA paying existing loan payments, required minimum distribution relief, tax-free student loan payments by employers, disaster relief payments, payroll tax refunds, and social security tax payment delays.
1 highlights of income tax provisions in budget 2018Subramanya Bhat
The document summarizes key changes to India's income tax provisions in the 2018 budget. Some key points:
- Long-term capital gains (LTCG) over Rs. 1 lakh from listed equity shares will now be taxed at 10%. All LTCG until January 31, 2018 will be exempt.
- Standard deduction of Rs. 40,000 introduced for salaried employees in lieu of transport/medical exemptions.
- Deduction limits for senior citizens increased for interest income, health insurance premiums, and medical expenditure.
- Corporate tax rate reduced to 25% for domestic companies with turnover up to Rs. 250 crores.
Payroll compliance is vital for HR teams and business owners. Fail to stay on top of it and you could see serious fines or penalties coming your way.
Let’s dive into how to stay safe with the Affordable Care Act (ACA) Employer Mandate Compliance, tracking sick time, and COVID-19 Compliance in Dynamics GP.
Aera note it 2021_charitable institute_registration_mar 2021vikash parakh
The Central Board of Direct Taxes (CBDT) has issued a notification dated 26th March 2021 pertaining to the procedure for registration including reapproval/revalidation of existing 12A / 12AA / 80G registrations.
The new Rules and Forms will be applicable from 1st April 2021 and all charitable trusts and institutions already registered u/s 12A or 12AA or having 80G certificate must apply for reapproval/revalidation of their registration before 30th June 2021.
Aera has prepared a note for understanding and process for reapproval/revalidation/approval as per the released Notification.
Please let us know if you need any more details.
This document summarizes key points from a presentation on 2010 tax season updates. It discusses tax law changes from the 2010 Tax Relief Act including extended tax cuts and new benefits. It outlines things to watch out for such as proper documentation for deductions. It also reminds taxpayers about reporting foreign bank accounts, avoiding tax scams, and getting assistance from the Taxpayer Advocate if needed.
A list of provisions provided for planning savings and investments as part of your Income Tax planning. This is a beginner's guide to introduce yourself to several possible provisions.
ASC 606, Revenue From Contracts with Customers Health Care: What to ExpectCitrin Cooperman
The document discusses the new revenue recognition standard ASC 606 and its implications for healthcare entities. It covers the core principle of recognizing revenue as performance obligations are satisfied, the five step model for applying the standard, and examples of identifying performance obligations for common healthcare services like physical exams and skilled nursing facility care. Healthcare providers will need to exercise judgment to determine how the standard applies to their various contracts with patients and third party payors.
CARES Act - Key Takeaways for Healthcare OrganizationsCitrin Cooperman
The document summarizes key provisions of the CARES Act for healthcare organizations, including:
1) Medicare advance payments of up to 100% of prior payments, to be recouped starting 120 days later over a period of 210 days, with interest charged after 90 days for any remaining balance.
2) $100 billion in funding for healthcare providers through the Provider Relief Fund, with an initial $30 billion distributed based on 2019 Medicare fee-for-service billings.
3) Terms and conditions for the Provider Relief Fund distribution including certifying that funds will be used for COVID-19 related expenses and losses, not balance billing patients, and reporting requirements for recipients of over $150,000.
Twitter allows users to broadcast short messages to followers. It has an API that allows third-party applications to access Twitter data and a search API. Twitter is also compatible with RSS and Atom formats. Crowdsourcing distributes queries to multiple Twitter users to gather and combine results. Twitter acts as middleware for publishing and searching updates. It is a free service where messages stay in a queue until delivered and hashtags allow searchable context.
This document discusses how to become an authority in your field by building an authority community site focused on a subject matter rather than your brand. It recommends taking a neutral position, becoming the go-to source for your subject, onboarding influencers, facilitating discussions, answering questions to build an engaged community around the subject matter that includes consumers of your competitors. This establishes you as the authority for that subject matter and slashes online marketing costs.
This document is a newsletter published by Sikich, an accounting and consulting firm. The main article discusses how business owners should not wait for the economy to improve and instead take action now to achieve growth. It suggests reviewing employee performance and productivity, investing in business management solutions, and working with tax experts to uncover savings. A sidebar lists Sikich's services and another article discusses using former employees and connections to drive growth.
A empresa de tecnologia anunciou um novo smartphone com câmera avançada, tela grande e bateria de longa duração por um preço acessível. O aparelho tem como objetivo atrair mais consumidores para a marca e aumentar sua participação no competitivo mercado de smartphones.
Leading Edge Magazine | Summer 2012 | SikichSikich LLP
This document provides advice on improving business plan execution by focusing on action over planning. It recommends developing short-term, nimble plans focused on 2-3 priority goals. Formal prioritization methods like the Pareto principle can help identify goals with the biggest impact. Precise execution is key and requires engaging managers through individual goal-setting and linking compensation to strategy achievement. Poor execution often stems from a lack of accountability, distractions pulling focus from the plan, and failure to cascade goals throughout the organization. Aligning corporate social responsibility efforts with business objectives can maximize their value by differentiating the brand and improving customer loyalty.
In this webinar, learn about accounting for the unexpected using QuickBooks. From issuing credit memos and refunds to adding finance charges, make a positive change with QuickBooks.
Sikich Leading Edge Magazine: Information OverloadSikich LLP
This document provides information about Sikich LLP, an accounting firm, announcing their move to a new corporate headquarters location. Some key details:
- Sikich LLP has relocated their corporate office from Aurora, IL to a new location near the border of Aurora and Naperville at I-88 and Route 59.
- The new facility is said to enhance operations and provide an optimal work environment for employees.
- All other contact information such as phone numbers and website remain the same.
- The document provides information about Sikich LLP's service offerings and invites readers to update their subscription information for the company's newsletter.
IAPD/IPRA Conference Soaring to New Heights presentation for Human Resource professionals. Topics include: HR Best Practices; Class Action and Retaliation; Recent Court Cases; and HR Stories from the front lines.
Agenda: Tax Updates for Individuals; Tax Update for Businesses; Fiscall Cliff; Disposition of Assets or Business Interests; Depreciation; Basis Issues; Business Income and Deductions; Estate Planning; Other Cases and Rulings.
2013 Changes in Tax Law and Year End Tax Planning Opportunities
Individuals
o 2013 tax rates
o Tax on investment income
o Other changes in tax law affecting individuals
o Year end planning opportunities
Businesses
o Employment tax
o Depreciation
o Pass-through entities
Estate and Gift Tax
o Exemption amounts
o Tax rates
o Gifting strategies
o Valuation discounts
o Grantor trusts
The document summarizes key provisions of the American Taxpayer Relief Act of 2012, which addressed the impending "fiscal cliff." It permanently extended many of the tax cuts that had been in place but were set to expire. It retained most individual income tax rates but established a new top rate of 39.6% for high earners. It made the alternative minimum tax exemption amount permanent and indexed to inflation. It also made estate tax provisions like portability permanent while increasing the top tax rate to 40%. The act extended some business tax provisions through 2013, including expanded section 179 expensing and a 100% exclusion on gains of certain small business stock. It also discussed new taxes related to health care reform taking effect in 2013.
This document provides a quick guide to payroll deducted IRA contributions and compliance for employers. It outlines that employees can contribute up to $6,000 for 2020-2021 and catch-up contributions of $1,000 if over 50. Employers deduct contributions from paychecks and send to financial institutions, with all employees eligible to participate. Contributions and investment gains are tax deferred until distribution, and traditional or Roth IRAs may be offered. Employers do not need to file 5500 forms or perform discrimination testing once submitting contributions.
The document summarizes key provisions of the American Taxpayer Relief Act of 2012, which addressed the impending "fiscal cliff". It made permanent many of the 2001 and 2003 tax cuts for individuals and extended others temporarily. It retained individual tax rates between 10-35% but imposed a new top 39.6% rate. It also made the AMT exemption permanent and increased estate tax exclusion to $5 million. For businesses, it extended 100% capital gains exclusion for small business stock, increased section 179 expensing limits, and provided bonus depreciation. It also discussed new taxes related to healthcare reform taking effect in 2013.
- Leadway Assurance Company saw a 53% increase in gross premiums written in 2012 to N36.9 billion, driven by special risk businesses, though a corresponding 37% increase in reinsurance premiums led to a slight decline in net premiums.
- Claims expenses rose 14% due to claims from industrial property and credit insurance, hurting underwriting profits which fell 42%, though investment income rose 60%.
- Overall profit after tax declined to N673 million from N973 million in 2011 due to provisions for outstanding premiums.
- The balance sheet grew 58% to N66.3 billion while shareholders' funds rose 20% to N11.9 billion, with a dividend of 4.5
The budget highlights the key economic indicators, new legislations, and major tax proposals. On direct taxes, exemption limits were increased and surcharge rates reduced. Service tax was unchanged at 10% and its scope expanded. Excise duty rates on some items were reduced. Customs duty rates largely remained the same, with exemptions for some agriculture items. The conclusions note concerns around the impact of certain tax changes.
The 2012 Accountancy Salary Survey summarizes salaries in the accountancy sector in Ireland. It saw a slight increase in roles in financial services in 2011 and expects consolidation in 2012 due to uncertainty. Industry and commerce roles increased 12% in 2011 with demand for internal audit and recently qualified candidates. Sectors like FMCG and pharma grew. It expects cautious optimism in 2012 with export-focused companies and demand for young accountants continuing.
The 2012 Accountancy Salary Survey summarizes salaries in the accountancy sector in Ireland in 2011 and expected salaries in 2012. Salaries and packages in the sector remained steady in 2011 with only marginal increases for hard to fill positions. Demand increased slightly in 2011 compared to previous years, with a 6% rise in roles received by the recruitment company. In demand candidates included financial reporting accountants for funds with US/UK GAAP skills and experience with Solvency II. Overall the outlook for 2012 is that salaries will remain steady with potential increases for niche skills.
The 2012 Accountancy Salary Survey summarizes salaries in the accountancy sector in Ireland. It saw a slight increase in roles in financial services in 2011 and expects consolidation in 2012 due to uncertainty. Industry and commerce roles increased 12% in 2011 with demand for internal audit and recently qualified candidates. It expects cautious optimism in 2012 with strong exporters continuing to hire finance professionals and competition for young accountants remaining high.
The 2012 Accountancy Salary Survey summarizes salaries in the accountancy sector in Ireland. It saw a slight increase in roles in financial services in 2011 and expects consolidation in 2012 due to uncertainty. Industry and commerce roles increased 12% in 2011 with demand for internal audit and recently qualified candidates. Sectors like FMCG and pharma grew. It expects cautious optimism in 2012 with export-focused companies and demand for young accountants continuing.
The 2012 Accountancy Salary Survey summarizes salaries in the accountancy sector in Ireland. It saw a slight increase in roles in financial services in 2011 and expects consolidation in 2012 due to uncertainty. Industry and commerce roles increased 12% in 2011 with demand for internal audit and recently qualified candidates. Sectors like FMCG and pharma grew. It expects cautious optimism in 2012 with export-focused companies and demand for young accountants continuing.
The 2012 Accountancy Salary Survey summarizes salaries in the accountancy sector in Ireland. It saw a slight increase in roles in financial services in 2011 and expects consolidation in 2012 due to uncertainty. Industry and commerce roles increased 12% in 2011 with demand for internal audit and recently qualified candidates. Sectors like FMCG and pharma grew. It expects cautious optimism in 2012 with demand for accountants remaining high due to strong export sectors, though domestic and Eurozone uncertainty remains a challenge.
The 2012 Accountancy Salary Survey summarizes salaries in the accountancy sector in Ireland in 2011 and expected salaries in 2012. Salaries and packages in the sector remained steady in 2011 with only marginal increases for hard to fill positions. Demand increased slightly in 2011 compared to previous years, with a 6% rise in roles received by the recruitment company. In demand candidates included financial reporting accountants for funds with US/UK GAAP skills and experience with Solvency II. Overall the outlook for 2012 is that salaries will remain steady with the possibility of small increases for positions that are difficult to recruit for.
The 2012 Accountancy Salary Survey summarizes salaries in the accountancy sector in Ireland. It saw a slight increase in roles in financial services in 2011 and expects consolidation in 2012 due to uncertainty. Industry and commerce roles increased 12% in 2011 with demand for internal audit and recently qualified candidates. Sectors like FMCG and pharma grew. It expects cautious optimism in 2012 with export-focused companies and demand for young accountants continuing.
A SSAS (Small Self-Administered Scheme) is a type of UK occupational pension scheme for small businesses. It provides tax benefits such as corporation tax relief on contributions and tax-free growth of investments. Key benefits of a SSAS include allowing business owners to control the scheme as both members and trustees, provide loans to their business, purchase commercial property with tax reliefs, and consolidate all pension funds in one place with lower administration fees than other pension types.
Understanding IND AS 12 – Accounting for Income Taxes.pptxtaxguruedu
Introduction to IND AS 12 IND AS 12, also known as Accounting for Income Taxes, is a standard issued by the Institute of Chartered Accountants of India (ICAI) that prescribes the principles and methods for accounting for income taxes. This standard applies to all entities that are required to prepare financial statements in accordance with Indian Accounting Standards (IND AS).
Affordable Care Act Reporting Requirements for 2015 [Webinar Slides]Sikich LLP
Generally speaking, an employer will not have any reporting requirement if it has fewer than 50 full-time and full-time equivalent employees in its controlled group and it sponsors a fully insured medical plan. All other employers will have at least some reporting. This appears to include employers with 50 to 99 employees for 2015 – even though the employer-shared responsibility requirement has been delayed until 2016 for most employers in this group, reporting is still needed to help determine whether individual employees owe penalties or are eligible for premium subsidies.
Biz2 credit accounting webinar presentation 11-21-13Jasmine Lane
The webinar provided year-end accounting tips and advice for small businesses. It featured presentations from Anita Campbell, Alan Goodman, Rohit Arora, and John Meyer. They discussed tax deductions and credits that small businesses can take advantage of in 2013, changes coming in 2014, business structures like corporations and LLCs, and options for obtaining financing. CPAs were encouraged to help clients with taxes and refer them to platforms like Biz2Credit to improve their chances of securing loans.
Similar to Payroll Reporting Issues for Government Entities (20)
This document discusses various payroll best practices and compliance issues. It covers topics such as conducting payroll year-end preparations like verifying employee information for W-2s, reconciling payroll bank accounts and taxes, and reviewing fringe benefits and their tax treatment. It also addresses current trends in areas like independent contractor classification and increased cooperation between regulatory agencies to identify misclassification issues.
In June 2015, the Governmental Accounting Standards Board (GASB) approved two new statements that call for more prominence and accuracy when displaying Other Post-Employment Benefit (OPEB) liabilities, such as health insurance for retirees. This webinar will focus on the changes coming to the industry -- from implementing these statements, to strategies for explaining these changes to media and taxpayers.
Single Audit Webinar Presentation - November 6, 2015Sikich LLP
The document discusses the impact of the Uniform Guidance on performing single audits. Some key points include:
- The Uniform Guidance consolidated and streamlined eight OMB circulars into one set of guidance. It aims to reduce administrative burden while strengthening accountability.
- Major changes under the Uniform Guidance include increasing the threshold for single audits to $750,000, revising internal control and documentation standards for compensation costs, and requiring consideration of an auditor's most recent peer review in the selection process.
- Planning procedures for single audits involve determining federal awards expended, distinguishing between subrecipients and vendors, identifying program clusters using the Catalog of Federal Domestic Assistance, and assessing overall auditee risk
Affordable Care Act: Overview of New Requirements for 2015Sikich LLP
2015 is the first year employers can be fined for not complying with the reporting requirements set out by the Affordable Care Act (Obamacare). Get an overview of these new requirements in this eBook
Manufacturing Report 2015: Overcoming the Five Barriers to Business GrowthSikich LLP
In a comprehensive survey, Sikich polled businesses in the manufacturing industry and uncovered 5 barriers that manufacturing companies need to overcome to continue their business growth.
Construction Industry Update - Spring/Summer 2015Sikich LLP
Get articles from experts who've helped the construction industry thrive in an uncertain construction climate.
In this issue:
Avoiding the 5 Most Common Types of Fraud in Your Construction Company - by Mary O'Connor
Effectively Managing Cash Flow to Fuel Growth - by Casey Malek
Employing Independent Contractors - by Joy Duce
New Revenue Recognition Standard - by Bart Adams
Research Tax Credit: One More Item for Your Tax "Punch List" - by Jim Brandenburg
Is Your Business Prepared for the Unexpected? - By Joe Kulek
Disruptions of corn trade with China is having an impact on Grain and DDGS prices. Also learn about succession planning for country elevators, T&D tax credis and used equipment.
The emergence of the Internet of Things (IoT) has the potential to transform the world, from organizations in every industry to your home. The uses are seemingly endless and new advances are made every day. Whether you are new to the idea of intelligent devices talking to one other or not, here are 15 things you should know about IoT.
Theory and Practice: Changes to OMB Single AuditSikich LLP
This document provides a summary of changes to the Office of Management and Budget's (OMB) single audit guidance and implementation of the Uniform Guidance. It discusses key changes such as combining multiple OMB circulars into one comprehensive guidance, the application and effective date of December 26, 2014 for grants initiated by the federal government, and new requirements for financial management systems, subrecipient monitoring, and determining conflicts of interest. The presentation aims to help organizations effectively implement the new single audit guidance and avoid related audit findings.
The construction industry is seeing steady growth despite of the labor shortage for skilled construction workers. While growth looks good now, not solving for the labor challenges could be a problem that slows the industry down.
Strategizing for Global Financial Reporting Changes: 8 Steps You Can Take Now...Sikich LLP
There are new revenue recognition standards coming in a few years, but depending on your reporting periods, they might not be too far off. Here are 8 essential steps you can take to prepare your organization, as a CFO, for these new standards before they are enacted.
Heartland Ag Group, Sikich, Advantage Capital, The Climate Corp presented in Decatur and Springfield Illinois to give an update on where agribusiness was in 2014 and where it is going for 2015
What is Manufacturing Day 2014 (#MfgDay14) About? Sikich LLP
If you've been on Twitter or seen some recent news articles, you might have noticed something called Manufacturing Day 2014. What is is about? It's about empowering the next generation of skilled workers that will continue the legacy of creating world-class products.
10 Easy Ways to Improve Your Email Open Rates | Email Marketing | InfographicSikich LLP
Think email marketing is on its way out? Think again! Explore how effective email marketing really is these days, and discover 10 easy ways to improve those open rates in this infographic.
Explore Winter 2014 issue of IN Motion, a quarterly magazine offering articles on best business practices in the areas of finance, HR, technology and more.
Enhancing Adoption of AI in Agri-food: IntroductionCor Verdouw
Introduction to the Panel on: Pathways and Challenges: AI-Driven Technology in Agri-Food, AI4Food, University of Guelph
“Enhancing Adoption of AI in Agri-food: a Path Forward”, 18 June 2024
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
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SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
Efficient PHP Development Solutions for Dynamic Web ApplicationsHarwinder Singh
Unlock the full potential of your web projects with our expert PHP development solutions. From robust backend systems to dynamic front-end interfaces, we deliver scalable, secure, and high-performance applications tailored to your needs. Trust our skilled team to transform your ideas into reality with custom PHP programming, ensuring seamless functionality and a superior user experience.
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Niswey
50 million companies worldwide leverage WhatsApp as a key marketing channel. You may have considered adding it to your marketing mix, or probably already driving impressive conversions with WhatsApp.
But wait. What happens when you fully integrate your WhatsApp campaigns with HubSpot?
That's exactly what we explored in this session.
We take a look at everything that you need to know in order to deploy effective WhatsApp marketing strategies, and integrate it with your buyer journey in HubSpot. From technical requirements to innovative campaign strategies, to advanced campaign reporting - we discuss all that and more, to leverage WhatsApp for maximum impact. Check out more details about the event here https://events.hubspot.com/events/details/hubspot-new-delhi-presents-unlocking-whatsapp-marketing-with-hubspot-integrating-messaging-into-your-marketing-strategy/
The Role of White Label Bookkeeping Services in Supporting the Growth and Sca...YourLegal Accounting
Effective financial management is important for expansion and scalability in the ever-changing US business environment. White Label Bookkeeping services is an innovative solution that is becoming more and more popular among businesses. These services provide a special method for managing financial duties effectively, freeing up companies to concentrate on their main operations and growth plans. We’ll look at how White Label Bookkeeping can help US firms expand and develop in this blog.
Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
101. Get Up to Date Breaking HR News and
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Receive instant communications on:
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102. Contact Information:
Karen S. Sanchez, CPA, QPA
Partner-in-Charge
Human Resources and Employee Benefits
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Phone (630) 566-8519
Email: ksanchez@sikich.com