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Blog Articles & Video January 2021

How to Respectfully Disagree With Managers

You may disagree with a situation at your firm behind closed doors, but as a leader you need to be part of putting on a unified front. To do otherwise can spread poison within your firm. Do you find that tough to do? Here are a few tips for handling practice management

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QuickBooks Error 15101 | Solutions Simply Answered

When updating QuickBooks payroll, you may receive QuickBooks Error 15101 that usually appears when QuickBooks is unable to connect to the internet to download the updates. Internet connectivity errors not only create problems while updating payroll and features but also cause issues updating bank feeds in QuickBooks Desktop. QuickBooks update

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QuickBooks Error 15241 | [Step-by-Step Troubleshooting Guide]

QuickBooks Payroll allows you to handle multiple Payroll chores without any complications. Paying your employees on time is a healthy business practice and any delay in payroll processing can negatively affect your business reputation. QuickBooks Error 15241 is a payroll error that occurs when a user tries to update payroll

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Partnership Audit and Adjustment Rules FAQs

This series of frequently asked questions (FAQs) provides answers to questions we are hearing from our members about the centralized partnership audit regime under the Bipartisan Budget Act of 2015 (BBA). ALERT: The IRS announced in Rev. Proc. 2020-23 that BBA partnerships, which are normally prohibited from filing an amended

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SEC appoints acting chief accountant

The Securities and Exchange Commission tapped deputy chief accountant Paul Munter to become acting chief accountant when chief accountant Sagar Teotia leaves in February. Teotia announced earlier this month that he would be departing next month, one of a number of SEC officials who are leaving now that a new

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Treasury plans efforts to deliver missing stimulus payments

The Treasury Department said Friday it plans to launch an all-out effort to deliver Economic Impact Payments to people who haven’t yet received the two rounds of stimulus payments that they should have received last year or this month. The effort comes in response to an executive order from President

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Filing protective claims for refunds – Affordable Care Act (ACA)

The U.S. Supreme Court announced in March 2020 that it will hear a case that challenges the constitutionality of the individual mandate under the Patient Protection and Affordable Care Act. The original case, Texas v. United States, is now docketed in the Supreme Court as California v. Texas. Get insights on the

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5 ways to make disclosures more effective for investors in 2021

The Securities and Exchange Commission formally adopted amendments in November to modernize financial disclosure requirements to ease the compliance burden for SEC registrants and make disclosures more meaningful for investors. The updates focused on federal securities law Regulation S-K and are intended to “improve the quality and accessibility of the

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How to Adjust Payroll Liabilities in QuickBooks [Explained]

Nearly 30% of small business owner’s overpay their taxes every year to the state and federal tax authorities either because of the incorrect tax payment calculation or because of the fear of getting penalties from the IRS. If you are an employer who has overpaid payroll tax liabilities using QuickBooks,

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Overcoming Tax Policy Issues for Remote Workers

Many employees previously working physically in one state now find themselves working remotely from another, as COVID-19 continues to increase the pace at which the nation’s workforce fulfills their many different jobs from home. And, in the wake of such large-scale mobilization of so many employees in different industries, states

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