Today the HMRC online portal opened for claiming the grant against 80% of a furloughed employees wages, the employers’ NI and the employers’ pension contribution. From the reaction of employers you would think that today was the only day a claim could be made! Perhaps they think the Government is going to run out of […]
Trump to use Defense Production Act to increase swab production amid coronavirus testing shortage
U.S. President Donald Trump attends the daily coronavirus disease task force briefing at the White House in Washington, U.S., April 19, 2020. Alexander Drago | Reuters President Donald Trump announced on Sunday that he plans to use the Defense Production Act to increase the nation’s swab production by at least 20 million per month for […]
Is Automation Coming to Your Industry?
In my past blogs, I’ve talked about why I strongly believe that bookkeeping will become a dinosaur unless we adapt to the implications of cloud-based tech and AI. I’ve also talked about how we’ve integrated this technology into our company, and why we recommend more programs like it for our clients. You may be thinking, […]
Microsoft is launching a ‘plasmabot’ to encourage people who recovered from the virus to donate their plasma as a possible treatment
Dr. Kong Yuefeng, a recovered COVID-19 patient who has passed his 14-day quarantine, donates plasma in the city’s blood center in Wuhan in central China’s Hubei province Tuesday, Feb. 18, 2020. Barcroft Media | Getty Images Microsoft is working with a consortium of pharmaceutical companies to recruit people who have recovered from Covid-19 to donate […]
Coronavirus Relief is Here & So Are the Scams
On March 31, President Trump signed a $2 trillion economic relief plan offering assistance to millions of American households and businesses affected by the coronavirus pandemic. And then, only a minute later it seemed, scams related to the stimulus started circulating. At the same time, parts of the stimulus bill may seem like scams but are real. […]
Nearly 90% of the US Navy hospital ship in New York is empty amid coronavirus fight
The USNS Comfort is seen as it enters the New York Harbor during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., March 30, 2020. Andrew Kelly | Reuters WASHINGTON — The USNS Comfort hospital ship holds fewer than 80 patients in New York City, leaving nearly 90% of its available space unused after its […]
Veterans Affairs recipients to receive automatic economic impact payments
Recipients of Veterans Affairs benefits were added to the list of individuals who will automatically receive economic impact payments, the IRS announced on Friday (IR-2020-75). They join recipients of Social Security retirement and disability payments, Railroad Retirement benefits, and Supplemental Security Income as people who will automatically receive an economic impact payment with no further […]
Podcast: Required Minimum Distributions under the CARES Act
In the multitudinous legislation that is unfolding as a result of the coronavirus pandemic, the IRS has issued relief from taking required minimum distributions (RMDs) from IRAs and employer sponsored plans under the CARES Act. Bob Keebler, CPA/PFS, interviews Ed Slott, CPA, in this fast-paced, jam-packed episode about the impact of the CARES Act on […]
SSI recipients to receive stimulus payments; dependent payments require extra step
The IRS announced Wednesday that it will automatically send recipients of Supplemental Security Income (SSI) their $1,200 economic impact payments with no further action needed on their part (IR-2020-73). The IRS said those payments will go out no later than early May. The IRS said it took weeks of cooperative work between the Social Security […]
The biggest pricing mistakes bookkeepers make
Pricing is a big challenge for many bookkeepers. I’ve certainly had my share of pricing challenges, especially in the early years of my business. One major lesson learned, is that the wrong pricing model can really hold you back. In working with thousands of bookkeepers, and learning through my own ‘pricing journey’, I have compiled […]