Sat.Jun 19, 2021 - Fri.Jun 25, 2021

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Pandemic Performance: Preparing for Financial Discussions

Business Sales M&A

As I speak to owners about selling their business this year, after sitting out from doing so during the pandemic, I tell them that based on how the business performed during the pandemic, they will have to confront two questions from buyers. 1. Your business decreased in 2020. If you think it was due to the pandemic, when do think they will return to 2019 levels?

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May Employers Use Health Plan Claims Records to Determine Whether Employees Have Received COVID-19 Vaccinations?

ThomsonReuters

QUESTION: We require employees to submit proof of a COVID-19 vaccination before returning to work in our office. May our Human Resources Department confirm employees’ eligibility to return by checking COVID-19 vaccination claims submitted to our group health plan? ANSWER: The group health plan’s records generally should not be used to verify employees’ vaccination status for any employment-related purpose.

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Manolete appoints new chairman

Accountancy Today

Manolete, an insolvency litigation financing company, has announced the appointment of Lord Howard Leigh of Hurley as senior independent director and chairman designate succeeding Peter Bertram who will retire. Leigh is a qualified chartered accountant, he set up Cavendish Corporate Finance LLP in 1988 and still remains a senior partner. In 2000, he was appointed as the chairman of the faculty of corporate finance of the Institute of Chartered Accountants in England and Wales (ICAEW).

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Good buyers like having an M&A professional on the seller’s side

IBG Business

A steady hand on the wheel: Involving an M&A professional to represent the seller is good for both sides. Sophisticated buyers know that going in, and successful sellers learn that, to their lasting benefit, on the way to the finish line. Why? See Jim Afinowich’s 2-minute YouTube video. In today’s market, 70% of buyers are financial buyers – family offices, private equity groups, or perhaps synergistic buyers.

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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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Past Event: M&A Dealmakers Roundtable: Tech M&A Outlook for a Post-COVID World

Cooley M&A

How has dealmaking changed in the last 18 months? Have we developed new playbooks or best practices? Will the market continue to accelerate through 2021 and beyond? What does all of this mean for the wider tech sector? Seasoned M&A dealmakers met on June 30, 2021 for a discussion on current trends and what’s next in tech M&A dealmaking. Topics include.

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Influence 101: How to Drive Change in Your Tax and Accounting Firm

ThomsonReuters

If the pandemic has taught us anything, it’s that changing people’s minds and behavior is difficult. No one enjoys being told what to do or feeling powerless. How then can IT leaders in large tax and accounting firms best make their case for new technology? “Getting people to change is a huge hurdle with firms. For most people in accounting firms, driving change, and leading people through change is not a natural skill set for them.

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Heads Up! Payroll Changes Coming in July

ThomsonReuters

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax.

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DOL Rejects Plan’s Reasons for Refusing to Provide Recording and Transcript of Claim-Related Conversation

ThomsonReuters

EBSA Information Letter (June 14, 2021). Available at [link]. The DOL has issued an information letter rejecting several reasons for refusing to provide a claimant with an audio recording and transcript of a claim-related telephone conversation that was created for “quality assurance.” (As background, for a plan to provide “full and fair review” of an adverse benefit determination as required by the DOL’s claims procedure regulations, a claimant must be given—upon request and free of charge—cop

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One Way to Solve Accounting Industry’s Entry-Level Talent Shortage: Be Welcoming to LGBTQIA Accountants

ThomsonReuters

It is no secret that the tax and accounting industry has a talent shortage. According to this article , 81% of finance leaders say they have difficulty finding talent, 71% say recruiting is top of mind, and 50% say that lower-level talent is the hardest to find. These trends are likely to stick around without some significant changes to the employee culture and engagement practices for accounting talent who identify as Lesbian, Gay, Bisexual, Transgender, Queer, Intersex, Asexual (LGBTQIA) and

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DOL Rejects Plan’s Reasons for Refusing to Provide Recording and Transcript of Claim-Related Conversation

ThomsonReuters

EBSA Information Letter (June 14, 2021). Available at [link]. The DOL has issued an information letter rejecting several reasons for refusing to provide a claimant with an audio recording and transcript of a claim-related telephone conversation that was created for “quality assurance.” (As background, for a plan to provide “full and fair review” of an adverse benefit determination as required by the DOL’s claims procedure regulations, a claimant must be given—upon request and free of charge—cop

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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

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Appellate Court Affirms Reinstatement of Retiree Medical Benefits for Rehired Employees

ThomsonReuters

River City Fraternal Order of Police Lodge 614, Inc. v. Ky. Retirement Sys., 2021 WL 2328082 (6th Cir. 2021). Available at [link]. An appellate court has affirmed an order reinstating retiree medical insurance for several police officers who retired from their positions with a county police department but were later rehired by different county agencies.

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U.S. Supreme Court Rejects Attempt to Invalidate ACA Based on Elimination of Individual Shared Responsibility

ThomsonReuters

California v. Texas, 2021 WL 2459255 (U.S. 2021). Available at [link]. The U.S. Supreme Court has rejected an attempt to invalidate the Affordable Care Act (ACA). The challengers (two individuals and several states) contended that, after the Tax Cuts and Jobs Act reduced the individual shared responsibility penalty to zero beginning in 2019 (see our Checkpoint article ), the requirement for individuals to maintain minimum essential coverage (referred to as the “individual mandate”) was unconst

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Indirect tax professionals foresee challenges in digitized tax filing and real-time remittance, survey finds

ThomsonReuters

Indirect tax specialists in North America and Europe expect to see more digitized tax filing and real-time remittance requirements in the next two years — and they lack the technology and operational processes to meet these demands. That’s a key finding from the 2021 State of the Corporate Tax Department report from Thomson Reuters. The report is based on a survey of 821 tax specialists in the US, UK, Canada, and mainland Europe (with a small representation from other regions).

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Last Week in Payroll: Repaying Deferred Social Security Taxes

ThomsonReuters

Repaying Deferred Social Security Taxes . In an attempt to provide relief to struggling employers during the coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief and Economic Security (CARES) Act included a provision that allowed employers to defer the payment of the employer’s share of Social Security tax from March 27, 2020 through December 31, 2020.

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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.