Reading Time: 8 minutes Although 2020 has become a popular punchline, it was filled with tragedy and stress for many business owners. As we begin to approach normalcy, many businesses remain focused on post year-end guidance detailing how to account for the consequences of the pandemic and subsequent fiscal response from the federal and state governments, which will.
Reading Time: 4 minutes Businesses can reap big rewards by making a commitment to improving supply chain management. Unfortunately, many businesses fail to devote adequate resources to this endeavor, thus missing out on potential benefits. Improving supply chain management starts with developing a supply chain management strategy. While this effort may be time-consuming, not creating a supply.
Reading Time: 3 minutes Outsourcing certain business functions to third-party service providers is not a new concept. Businesses have been outsourcing functions like payroll, IT and human resources for years. However, many companies haven’t given much thought to outsourcing their accounting and finance functions. There are many advantages of outsourced accounting — including freeing up your team to.
Reading Time: 3 minutes The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, is the latest major legislation that provides economic relief and stimulus, both tax and non-tax, during the Covid-19 pandemic. Below are brief summaries of the key aspects of the individual tax provisions in ARPA. Recovery rebate credits (stimulus.
Reading Time: 2 minutes With the first quarter of 2020 coming to a close, businesses should consider the Employee Retention Credit (ERC) as they begin to prepare their quarterly payroll tax filing (Form 941). As a reminder, the ERC is a refundable payroll tax credit and is now available even if the business took a Paycheck Protection Program.
Reading Time: 5 minutes The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, is the latest major legislation that provides economic relief and stimulus, both tax and non-tax, during the Covid-19 pandemic. Below are brief summaries of the key aspects of the business tax provisions in ARPA. Payroll tax credits The.
Reading Time: 3 minutes Another day, another data breach. We saw several major data breaches during the first month of 2021 alone. For example, a database maintained by an online photo editing app containing 1.9 million user records was hacked on January 20, while order information for 7 million customers of a men’s clothing retailer was hacked on.