ThomsonReuters

JULY 29, 2021

QUESTION: A few participants in our company’s health FSA told us that their doctors have started charging patients a monthly fee that is payable whether or not the patients visit the office. There is no additional charge for actual office visits. Can our health FSA reimburse this fee? ANSWER: Generally, fees of this type are not reimbursable. In our view, such fees are like insurance because they are payable whether or not medical care is provided.

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Valutico

JULY 29, 2021

Weekly Valuation: Bumble. Earlier this year US dating app Bumble went public, making headlines as its CEO became the youngest woman to take a company public and to become a billionaire, at age 31. Bumble stood out in the dating market for its unique approach, and for its independence, in a market that was largely consolidated by the Match.com, owner of Tinder, Match and many other leading dating apps, but how have investors reacted to the offering.

EBITDA 52

EBITDA Marketability 52

Class VI Partner

JULY 28, 2021

KEY ARTICLE TAKEAWAYS. Understand the importance of getting qualified, experience help when selling your company Learn about the different types of fees you should expect to incur when selling your company Learn how investment banking fees are charged and the different ways their success fees could be calculated. The Mysteries of M&A Fees. Don’t try this on your own.

EBITDA 52

EBITDA Accounting Firms Banking Start-ups 52

Merrimack Business Appraisers

JULY 26, 2021

At the National Association of Certified Valuators and Analysts (NACVA) Conference in June, Lou Pereira received the Massachusetts State Chapter President Leadership Award. “Being recognized in this way is a tremendous honor for me,” Lou observed, “adding that the success of the Massachusetts State Chapter is due to the efforts of the entire board who […].

Appraisal 52

Appraisal 52

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.

Marketability

ThomsonReuters

JULY 29, 2021

IRS Notice 2021-46 (July 26, 2021). Available at [link]. The IRS has issued additional Q&A guidance on the COBRA premium assistance provisions of the American Rescue Plan Act of 2021 (ARPA). Under ARPA, a 100% COBRA premium subsidy and additional COBRA enrollment rights are available to certain assistance eligible individuals (AEIs) during the period beginning on April 1, 2021, and ending on September 30, 2021 (the “Subsidy Period”) (see our Checkpoint article ).

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Essentials of Corporate Finance

JULY 26, 2021

Volkswagen's Dieselgate scandal has been ongoing for the past five years. Recently, former CEO Martin Winterkorn has agreed to pay the company €11.2 million ($13.7 million) in a clawback. Although Winterkorn was not found to be responsible for the development of the defeat device, he was in a meeting when the defeat device was discussed. In his role as CEO, he breached his duties by not investigating the defeat device and its possible use.

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ThomsonReuters

JULY 30, 2021

Tax and accounting professionals can be risk-averse and take a conservative, measured approach to analyzing facts and figures, leaving no stone unturned, and always proceeding with caution. This approach is why they’re successful in business. . But this same cautious approach has caused the accounting profession to fall behind other industries in adopting new technology and a digital first mindset that can help firms evolve their business. .

Start-ups 52

Start-ups Technology Accounting Firms Banking 52

ThomsonReuters

JULY 30, 2021

Modern workplaces are shifting the way they operate, from paycheck culture to purpose culture. Employees want to feel seen, heard, invested in, and to know the work they’re doing is having a positive impact. For tax and accounting firms, the struggles of burnout employees are all too familiar. Stressed, burnt out, and unengaged employees are not capable of producing the high level work your firm needs to set itself apart.

Accounting Firms 52

Accounting Firms Compliance Marketability 52

ThomsonReuters

JULY 30, 2021

You know that going paperless is the right move for your firm, but the partners are worried about how this change will affect clients. You may hear that their clients are older, don’t want to file taxes electronically, and can’t cope with new technology. . Partners may ask, “If it isn’t broke, why fix it?” . Just because this is the way you’ve always done things doesn’t mean there isn’t room for improvement.

Start-ups 52

Start-ups Technology Accounting Firms 52

ThomsonReuters

JULY 29, 2021

Temporary Implementing FAQs: Pension Benefit Statements—Lifetime Income Illustrations Interim Final Rule (July 26, 2021). Available at [link]. The DOL has issued four temporary FAQs addressing time-sensitive issues raised by its interim final regulation (IFR) regarding the lifetime income illustrations requirement for defined contribution plans, including 401(k) plans (see our Checkpoint article ).

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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

Corporate Finance

ThomsonReuters

JULY 29, 2021

Electronic-Filing Requirements for Specified Returns and Other Documents, 26 CFR Parts 1, 53, 54, and 301, 86 Fed. Reg. 39910 (July 23, 2021). Available at [link]. The IRS has proposed regulations that would substantially expand mandatory electronic filing of information returns, reflecting statutory changes made by the Taxpayer First Act of 2019 (TFA).

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Class VI Partner

JULY 25, 2021

KEY ARTICLE TAKEAWAYS. Learn the steps required to prepare a business for sale. Understand how to prioritize your work on the risks that are hurting value the most. Learn how to prioritize what is most important to you for a sale. How to prepare a business for sale in 9 steps. Starting, operating and growing a business is hard work fraught with significant personal and business risk.

Start-ups 52

Start-ups Banking Marketability Specific Risk 52

ThomsonReuters

JULY 28, 2021

The U.S. Small Business Administration (SBA) has released details on a Direct Forgiveness portal that allows borrowers with Paycheck Protection Program (PPP) loans of $150,000 and under to submit their forgiveness applications on the SBA’s web portal. The SBA has also released Interim Final Rules (IFR) explaining the direct borrower forgiveness process, appeals deferment , and the COVID Revenue Reduction Score [ SBA Release No. 21-58, 7/28/2021 ]. .

Beta 98

Beta 98

ThomsonReuters

JULY 29, 2021

Heat Index. According to the National Weather Service, the period from July 1, 2021 to July 13, 2021 has seen the hottest average temperatures (73.5 degrees F) on record. Death Valley in California hit a high temperature of 130 degrees F on July 9, 2021. That’s close to the record of 134 degrees F, which was set back in 1913. Throughout much of the United States, summer is hot and humid, which can make outdoor activities challenging and dangerous.

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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.

Marketability