Finance & Accounting

Change and uncertainty are a feature of our world alongside innovations in our fast-changing economy. Investments in new business models and intangible assets — such as brands, technology and customer relationships — are increasingly key to driving value creation as companies research new technologies, cultivate customer relationships, manage their workforce and more. But information related
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Uber’s forthcoming acquisition of alcohol delivery service Drizly and Vivino’s recent round of funding signal seismic shifts for alcohol sellers and marketplace facilitators. A potent mash of alcohol regulations, tax obligations and marketplace facilitator laws is brewing as the industry adjusts to living with the COVID-19 pandemic. Together, these could impact compliance for both alcohol
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Ralph Thomas, CEO and executive director of the New Jersey Society of CPAs, Roseland, was awarded the African American Chamber of Commerce of New Jersey’s 2021 Business Award, tol be presented at the AACCNJ’s Eleventh Annual Circle of Achievement Virtual Awards Gala on Feb. 11. The award honors a distinguished group of African Americans who
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Stop spending on accountants when you can be one yourself. February 10, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. This time
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The high-net-worth investor is sometimes different. Many HNW investors earned their status through a business or a C-suite job that created wealth beyond retirement security and a great lifestyle. These investors took risks on many levels. They faced liquidity risk, they faced market risk, they faced economic risk, and they faced concentration risk. After all,
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It can be a daunting task for accountants to advise clients on how to effectively and accurately budget, plan and forecast during uncertain times, while also remaining compliant with accounting regulations. This challenge was never more apparent than with the arrival of COVID-19. The pandemic changed revenue planning, costs, production, headcounts, and business outlooks overnight.
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Armanino has released a new technology solution, Benchmarking for Nonprofits. The firm taps into big data for this product, presenting it in readable dashboards. Benchmarking has become a useful tool for organizations of all kinds to gauge their performance during the uncertain environment the COVID-19 pandemic has created. Benchmarking for nonprofits is billed as having
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Cash is the lifeblood of a business. According to Hal Shelton, angel investor, SCORE mentor, and author of the best-selling The Secrets to Writing a Successful Business Plan, one of the primary reasons companies go out of business is “cash flow mismanagement.” It can be challenging for small businesses to get a grip on their
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The year of coronavirus will go down in history not just as a time of plague, but also of crisis-driven tech adoption. Mass migration online drove the adoption of cloud-enabled technologies, and AI was one of them. As businesses embrace AI, accountants need to keep up to make sure maximum efficiencies are achieved — but
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Beginning with the 2020 tax year, Form 1099-NEC will replace Form 1099-MISC box 7 for reporting non-employee compensation, which includes payments to ICs. Be Clear on When to Use Form 1099-NEC To put it simply, the new 1099-NEC performs the exact same function as 1099-MISC box 7. It captures payments of $600 or more to
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