Sat.Aug 14, 2021 - Fri.Aug 20, 2021

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Can Our Employees Make Pre-Tax Payroll Contributions to Their HSAs If We Don’t Have a Cafeteria Plan?

ThomsonReuters

QUESTION: Our company offers a high-deductible health plan (HDHP), and many participants contribute to their own HSAs. Several have asked about making HSA contributions on a pre-tax basis so they can receive income tax savings every payroll period (instead of waiting until they file their tax returns) and avoid paying FICA taxes on those contributions.

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Weekly Valuations: Caterpillar

Valutico

Weekly valuations: Caterpillar (CAT). In the midst of a bull market carried by tech stocks, we look at a blue chip company today: Caterpillar Inc. A Fortune 100 corporation with revenue of $41Bn, the Deerfield, IL firm designs, develops, engineers, manufactures, markets, and sells machinery, engines, financial products, and insurance to customers via a worldwide dealer network.

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Achieve Business Continuity with Forensic Accounting

Shuster & Co.

Many business owners agonize over developing a sound business plan when they first start their business, then in the following years fail to update it or assess whether they are on the right path or not. Instead, these individuals assume that if they are making it work month after month, their business will continue. Operational business continuity planning can help you assess risk, develop strategies for events that could disrupt business, and provide peace of mind that your business can handle

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What is working capital? Why negotiate a working capital adjustment in your purchase price?

Quantive

When a buyer values a target company, the buyer’s valuation is based on the target company’s financial condition on a specific date. In most instances, several months pass between that initial valuation date and the closing date, when the buyer acquires the target company. Purchase price adjustments need to be negotiated to reflect changes in […].

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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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IRS Information Letters Explain Post-Termination Health FSA Reimbursement Under COBRA and COVID-19 Relief

ThomsonReuters

IRS Information Letters 2021-0004 (Dec. 21, 2020) and 2021-0005 (Mar. 3, 2021). Letter 2021-0004. Letter 2021-0005. Two recently released IRS information letters provide general information about the circumstances under which health FSA participants can continue to be reimbursed for eligible expenses after termination of employment. One letter explains that health FSA participants who terminate employment may be able to continue their participation by electing COBRA continuation coverage.

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SEC Backs Nasdaq's Diversity Requirement

Essentials of Corporate Finance

Back in December, the Nasdaq approved a diversity requirement for the boards of companies listed on that exchange. Every company must have at least one female board member and one from an underrepresented minority. If a company fails to do so, it must explain in writing why it does not. Now, the SEC has approved the new policy. The NYSE has an Advisory Board aimed at connecting diverse candidates with open board positions, although there is no specific diversity requirement.

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IRS Announces 2021 Automobile Depreciation Deduction Limits and Inclusion Amounts

ThomsonReuters

Rev. Proc. 2021-31 (Aug. 6, 2021). Available at [link]. The IRS has announced the 2021 inflation-adjusted Code § 280F “luxury automobile” limits on certain deductions that may be taken by taxpayers using passenger automobiles (including vans and trucks) in a trade or business. For purchased automobiles, the limits cap the taxpayer’s depreciation deduction.

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Valuation Basics: Understanding the Market Approach

Quantive

At some point in the business lifecycle, business owners feel the need […]

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Last Week in Payroll: The List and Legality of Employee Vaccination Requirements

ThomsonReuters

The List and Legality of Employee Vaccination Requirements. According to the Centers for Disease Control (CDC) website , the seven-day moving average cases for the coronavirus (COVID-19) is 119,523, as of August 13, 2021. This number was just under 35,000, as of July 13, 2021. These spikes in positive cases of COVID-19 in the U.S. has caused some states to take executive or legislative actions regarding the COVID-19 vaccine and masks, specifically for some employees.

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Agency FAQs (Part 48) Signal Changes to Contraceptive Coverage Exemptions

ThomsonReuters

FAQS About Affordable Care Act Implementation Part 48 (Aug. 16, 2021). Available at [link]. The DOL, HHS, and IRS have issued a single FAQ announcing future regulatory guidance on the Affordable Care Act (ACA) contraceptive coverage mandate. As background, the ACA generally requires non-grandfathered group health plans to provide coverage without cost-sharing for specified preventive health services—including certain contraceptive services— when delivered by in-network providers.

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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 can’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