Thu.Feb 03, 2022

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IRS Issues 2021 Versions of Publications 502 and 503 for Medical and Dependent Care Expenses

ThomsonReuters

IRS Publication 502 (Medical and Dental Expenses (for 2021 Returns)); IRS Publication 503 (Child and Dependent Care Expenses (for 2021 Returns)). Publication 502. Publication 503. The IRS has released updated versions of Publications 502 and 503 for the 2021 tax year. Publication 502 describes the medical expenses that are deductible by taxpayers on their 2021 federal income tax returns.

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How Financial Advisors Can Grow Their Business by Serving Entrepreneurs In Transition

Truelytics

Modern Financial Advisor Podcast ยท. Episode 74 - How Financial Advisors Can Grow Their Business by Serving Entrepreneurs In Transition. We talk a lot about advisor transitions on the Modern Financial Advisor Podcast but in this episode , we are going to invest some time exploring how financial advisors can grow their business by helping entrepreneurs and business owners with their transitions.

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IRS Releases 2021 Form 8889 and Instructions for HSA Reporting

ThomsonReuters

IRS Form 8889 (Health Savings Accounts (HSAs)) and Instructions (2021). Form 8889. Instructions. The IRS has released the 2021 version of Form 8889 (Health Savings Accounts (HSAs)) and its instructions. HSA holders (and beneficiaries of deceased HSA holders) must attach Form 8889 to their Forms 1040, 1040-SR, or 1040-NR to report tax-related events affecting their HSAs, including contributions and distributions.

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Unleashing the next wave of productivity in corporate business functions

Mckinsey and Company

A how-to guide for maximizing the ROI of enterprise platform transformations in the consumer packaged goods industry.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Case Study: Yotta Energy โ€“ Scaling Solar Power

Equidam

Yotta Energy are creating more opportunities for solar power, with their end-to-end solution that is easily scalable both in terms of energy storage and generation. We spoke to their CEO, Omeed Badkoobeh, about what they do, and their fundraising journey so far. “Equidam helped us understand where we should be on the market and provided assistance with negotiating valuation.

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Building next-generation B2B sales capabilities

Mckinsey and Company

The pandemic has converted B2B buyers to e-commerce in a big way. B2B sellers need new capabilities to meet their new expectations.

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Does a Group Health Plan TPA Need a Business Associate Agreement With a Cloud Service Provider?

ThomsonReuters

QUESTION: As a TPA for group health plans, we are considering contracting with a cloud service provider to back up our clientsโ€™ electronic protected health information (ePHI). Do we need a HIPAA business associate contract with the cloud service provider? ANSWER: A cloud service provider (CSP) is considered a HIPAA business associate when a covered entity, such as a group health plan, engages the CSP to create, receive, maintain, or transmit ePHI (such as to process or store ePHI) on its behal

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How to Close a Business with Negative Equity

Accounting Web

Clients How to Close a Business with Negative Equity.

Equity 96
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Employer Breached Fiduciary Duty With Misleading SPD

ThomsonReuters

Johnson v. Ballad Health, 2022 WL 214488 (E.D. Tenn. 2022). The employee in this case was automatically enrolled in an employer-paid long-term disability plan, which provided a benefit of 40% of earnings. She also opted for the employee-paid โ€œbuy-upโ€ benefit, which was described in the plan as 60% of earnings. The employerโ€™s SPD described the buy-up benefit as โ€œadditional coverageโ€ of 60%, and the employeeโ€™s benefit confirmation statement described her coverage as โ€œ100% of salary.

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Ledgible Announces Crypto Staking Tax Options

Accounting Web

Accounting Software News Ledgible Announces Crypto Staking Tax Options.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you canโ€™t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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US Biotech Venture Capital Funding in 2021 significantly exceeds Funding in 2020

Fox Corporate Finance

With a volume of roughly USD 33.0bn, the overall financing for US biotech companies in 2021 yet again surpassed the total funding of the previous year (USD 22.4bn). Compared to 2020, the funding volume increased. Read more. The post US Biotech Venture Capital Funding in 2021 significantly exceeds Funding in 2020 appeared first on FCF Fox Corporate Finance GmbH.

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The labor market is upside down. Hereโ€™s what CEOs can do about it

Mckinsey and Company

Business leaders can play a key role in easing labor market pressure and helping to make sustainable and inclusive growth a reality.

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FCF Biotech Venture Capital Monitor โ€“ USA 12/2021 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new โ€œFCF Biotech Venture Capital Monitor – USA 12/2021โ€. The Monitor is a monthly published overview of venture capital trends in the US-Biotech sector. As. Read more. The post FCF Biotech Venture Capital Monitor – USA 12/2021 published appeared first on FCF Fox Corporate Finance GmbH.

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Firms should update policies after SEC expands insider trading definition

Private Funds CFO

Lawyers recommend updating insider trading policies to explicitly restrict trading by insiders in third party companies that could be considered 'economically linked'.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Maryland Unemployment Insurance Tax Rate Changes Explained [2022]

Gross Mendelsohn

If your Maryland business is subject to unemployment insurance taxes, be aware of potential changes to your tax rate for the 2022 calendar year.

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Serving the Next Generation of Business Owners

Biz Equity

First, a bit of depressing news: Analysts estimate that up to 95% of children will fire their parents' financial advisor.

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Author Talks: Building consumer trust with Googleโ€™s Neil Hoyne

Mckinsey and Company

Without effective leadership and a clear strategy, software can only solve so much.

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Keys to a Successful Exit

Quantive

Most business owners and founders wonder how to ensure their company allows […]

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Looking in the Mirror: What About Internal Auditโ€™s Own Culture?

Internal Audit 360

I tโ€™s become common practice at many companies to conduct internal audits of the companyโ€™s culture. Auditors assess leadership, tone at the top, ethics, and the general emphasis on doing the right thing, among other aspects. Culture audits can be completed as part of a stand-alone assessment of the entire organizationโ€™s culture or as part of other assurance projects to consider how culture affects a particular unit or function.

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How to handle FAQs from tax and accounting clients

ThomsonReuters

For any business offering a service or solution, customer care and client communication are always huge priorities. However, answering the same questions over and over again can quickly become time-consuming and repetitive for tax and accounting firms of all sizes. FAQs from tax and accounting clients. In any tax and accounting firm, there are numerous frequently asked questions (FAQs) your team will deal with regularly.

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Looking in the Mirror: What About Internal Auditโ€™s Own Culture?

Internal Audit 360

[dropcap]I[/dropcap]tโ€™s become common practice at many companies to conduct internal audits of the companyโ€™s culture. Auditors assess leadership, tone at the top, ethics, and the general emphasis on doing the right thing, among other aspects. Culture audits can be completed as part of a stand-alone assessment of the entire organizationโ€™s culture or as part of other assurance projects to consider how culture affects a particular unit or function.