With changes to Roth planning due to TCJA, the SECURE Act, and now the CARES Act and market volatility resulting from COVID-19, it’s important to consider whether Roth conversions would be optimal to help your clients reach their long- term goals. In this episode, Bob Keebler, CPA/PFS, shares the nuances to consider when making decisions […]
Treasury yields fall with traders cautious on potential coronavirus treatment
U.S. Treasury yields fell on Friday morning as traders looked ahead to fresh economic data and digested a report that raised doubts over a possible coronavirus treatment. At around 2:30 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 0.5945%, while the yield on the […]
JobKeeper Eligibility Alternative Test
If you don’t fit into the JobKeeper basic term for reduced turnover, you may qualify by using an alternative test. The ATO has released Alternative Tests for the JobKeeper payment which expands eligibility from the initial basic test. This is good news for many businesses, particularly startups, those affected by last year’s droughts and those […]
Prop. regs. would govern silo rules for exempt organizations
The IRS issued proposed regulations Thursday (REG-106864-18) on the new rule that requires tax-exempt organizations subject to tax on unrelated business taxable income (UBTI) to calculate UBTI separately with respect to each business — or to “silo” revenue and expenses for each separate business. The silo rules are found in Sec. 512(a)(6), which was enacted […]
Webcast: Financial planning guidance for CPAs in the wake of COVID-19
Slides The Coronavirus has transformed our lives, our careers and more. The economic implications, whether a short “V” shaped recession or worse, have wreaked havoc with our businesses, savings and retirement plans. This webcast will offer CPAs practical and actionable guidance in a wide range of personal financial planning areas directed to the CPA such […]
7 Tips to Business Survival in COVID-19
With uncertainty regarding how long the impacts of the Coronavirus pandemic will continue, experts suggest we are still in the beginning stages. Unfortunately, small businesses already feel the drastic affects. Whether this pandemic resolves within the next month or two or stretches on as a long-term crisis, we need to prepare. Therefore, it is time […]
7 Tips to Business Survival Through COVID-19
With uncertainty regarding how long the impacts of the Coronavirus pandemic will continue, experts suggest we are still in the beginning stages. Unfortunately, small businesses already feel the drastic affects. Whether this pandemic resolves within the next month or two or stretches on as a long-term crisis, we need to prepare. Therefore, it is time […]
Starting a franchise business in unprecedented times
Starting your business during an unprecedented pandemic and subsequent global economic shutdown can’t be easy. But family, friends and a supportive franchise unit, means John Boreham is getting through OK. John sat down with us (via phone) to run us through the last few weeks. FCA: Hi John, thanks so much for your time! So […]
Should you track Shopify inventory in QuickBooks Online?
If you’re an online seller, there may be several options when it comes to tracking your inventory. But, should you track your Shopify inventory in QuickBooks Online? The answer is… well… it depends. In this blog post, I’ll go over the basics when it comes to tracking Shopify inventory in QuickBooks Online, and discuss the […]
Trump says he ‘totally disagrees’ with Georgia Gov. Kemp’s decision to reopen businesses in the middle of coronavirus pandemic
U.S. President Donald Trump said Wednesday he “totally disagrees” with Georgia Gov. Brian Kemp’s phase 1 plans to reopen tattoo parlors, bars, hair salons and other nonessential businesses this week. Trump said Kemp’s decision violates the phase 1 guidelines the White House announced last week that recommends states wait to ease social distancing restrictions until there’s […]