One of the main reasons people go into business for themselves is to do something they love or feel passionate about. Unfortunately, most soon discover that there are necessary aspects of entrepreneurship that they loathe. Two examples that we hear often: payroll and taxes. Many choose to get professional assistance with their taxes, but are not so quick to consider outsourcing payroll.
The newest PPP changes announced by the SBA are intended to benefit the smallest of small businesses. PPP loans will be available exclusively to businesses with 20 or less employees and sole proprietors from Wednesday, February 24 through March 10, 2021.
Key Performance Indicators, or KPIs, are measurements that reflect how effectively your business or organization is working toward its objectives. They can be an excellent way to demonstrate value to your various stakeholders.
Remote work capabilities have changed where we work; innovative technologies have changed how we work; and the push for more flexible schedules has changed when we work. Developing an agile workplace strategy can unlock value in multiple areas by increasing employee engagement, improving recruitment and retention, and improving operations in ways that bolster company-wide success.
Businesses are facing ongoing disruption and we are all are struggling to get stuff done. Company leaders must contend with the pandemic’s health threat and the challenges of managing a remote workforce, as well as supply chain disruptions, demand shifts, resource constraints and more, all while devising critical plans for the road ahead. Here are actionable steps you might consider to help your team get stuff done in the current business climate.
For most, a new year brings thoughts of resolutions and new beginnings. For CPAs, it means the start of another busy tax filing season. In this article reprinted from East End Living Magazine, DMLO President Chris Ward covers items of interest for both 2020 individual returns, and things to keep in mind for 2021.
While the flexibility offered by the CARES Act can alleviate short-term financial strains, employers have an important role to play in helping employees understand the long-term impact of CARES Act loans and Coronavirus-related distributions or CRDs on retirement savings and their overall retirement strategy.
In welcome news for nonproft organizations that were not eligible for the ERC in 2020 due to receiving a PPP loan, the Consolidated Appropriations Act, 2021 retroactively eliminates this limitation and extends and enhances the ERC through the first two quarters of 2021.
Proficient chess players begin each game with a clear strategy that prepares multiple moves in advance. This same approach of strategic forethought, flexibility and responsiveness are best practices for succession planning in a family business as well.
The CAA or Consolidated Appropriations Act, 2021 includes two tax relief acts that directly impact individual taxpayers. First is the COVID-related Tax Relief Act of 2020 (CRTRA), which provides an additional recovery rebate for individuals. The second is the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA).
College accounting students: Apply for our 2021 accounting leadership program L.E.A.D. (Leadership Engagement And Development).
The Consolidated Appropriates Act, 2021 contains significant enhancements and improvements to the Employee Retention Credit (ERC).
The Consolidated Appropriations Act, 2021 addresses tax provisions related to the PPP which could have consequences for state and local tax.
With the upcoming inauguration, every nonprofit has the same question in mind: How will the shift in government affect my organization? A bipartisan panel will discuss in this upcoming webinar.
As we start a new year, here are a few wealth planning reminders of ways to lower taxable income before filing your 2020 taxes.
The PPP loan application window opens today, Jan 15 for both first- and second-draw PPP forgivable loans (for community lenders with $1 billion or less in assets).
Highlights from the BDO 4th Quarter 2020 ERISA Roundup, including important dates, COLA, documenting late 401(k) deposits, and more.
You’ve spent hours dreaming, researching & planning and are finally ready to take the leap! Here are tips for startups in Kentucky / Indiana.
Coronavirus relief bill includes deductibility of expenses paid with proceeds of a forgiven PPP loan, direct payments, extension of federal unemployment benefits, extension and expansion of employee retention tax credit and more.
Companies outsource payroll, IT and other functions, but often don’t realize the many advantages of an outsourced CFO.