The IRS has announced 2022 amounts for Health Savings Accounts
The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs
Getting max value out of your CRM software
The days of the Rolodex are long gone. To connect with customers and prospects, many businesses now rely on customer relationship management (CRM) software.
American Rescue Plan Act for local governments: Guidance from Treasury released
Last week, the U.S. Department of the Treasury announced the launch of the Coronavirus State and Local Fiscal Recovery Funds program authorized by the American Rescue Plan Act.
Still have questions after you file your tax return?
Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the return. Here are brief answers to three questions that we’re frequently asked at this time of year.
What’s “fair value” in an accounting context?
In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to “fair value.” Examples of assets that may currently be reported at fair value are asset retirement obligations, derivatives and intangible assets acquired in a business combination.
Look at your employee handbook with fresh eyes
For businesses, so much has changed over the past year or so. The COVID-19 pandemic hit suddenly and companies were forced to react quickly — sending many employees home to work remotely and making myriad other tweaks and revisions to their processes.
How Do You Manage Downloaded Transactions in QuickBooks Online?
Downloading them is the easy part. QuickBooks Online lets you work with downloaded transactions in numerous ways.
Do you know the new accounting rules for gifts in kind?
If your not-for-profit organization accepts contributions of nonfinancial assets, such as land, services and supplies, you should know about Financial Accounting Standards Board (FASB) rules approved last year.
Restaurant Revitalization Funding Available to Restaurants, Bars
The U.S. Small Business Administration (SBA) is awarding $28.6 billion in funding to restaurants, bars, and other similar places of business that serve food or drink.
Liabilities for unused time off mount as pandemic lingers
During the pandemic, many employees have postponed using their allotted paid time off until COVID-related restrictions are lifted and safety concerns subside. This situation has caused an increase in accruals for certain employers.