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July 23, 2021

MEMBER IN THE NEWS
(Perry Ghilarducci quoted.)
Some states now offer certain business owners a workaround for cap on state and local tax deduction
A growing number of states are offering pass-through business owners a workaround for the $10,000 federal deduction limit for state and local taxes, known as SALT.
CNBC
https://www.cnbc.com/2021/07/22/some-states-offer-workarounds-for-state-and-local-tax-deduction-limit.html

BUSINESS
How to ask the right questions to guide business decisions
Asking your data team the right questions to inform decision-making is a crucial skill for an organization. This article explains how to do this.
INSEAD Knowledge
https://knowledge.insead.edu/blog/insead-blog/are-you-asking-the-right-questions-of-your-data-team-17056
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Legal disputes focus on business interruption claims during…

July 22, 2021

BUSINESS
A Question of Coverage: Business Interruption Claims
The courts will decide whether interruption insurance policyholders have legitimate claims for their pandemic-related losses.
CFO
https://www.cfo.com/risk-management/2021/07/a-question-of-coverage-business-interruption-claims/
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Global venture capital investments hit record high
Global venture capital investments are at record levels this year, boosted by a surge in equities, higher liquidity and an increased interest in sectors that have benefited from the coronavirus pandemic.
Reuters
https://www.reuters.com/business/finance/global-venture-capital-investments-hit-record-high-2021-07-21/
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Companies re-examine their lease accounting as they rightsize space during COVID
Businesses are downsizing their office space and renegotiating leases as employees work from home, and they need to look at how they’re accounting for the…

July 20, 2021

MEMBER IN THE NEWS
(Andrew Crockett featured.)
CPA latest to challenge Santa Clara County assessor
Silicon Valley’s high housing costs are personal for certified public accountant Andrew Crockett. He’s running for county assessor to help fix it.
San Jose Spotlight
https://sanjosespotlight.com/cpa-latest-to-challenge-santa-clara-county-assessor/

BUSINESS
CFOs: Higher Input Costs Will Persist
Some companies are taking aggressive action to pass on at least some of the abnormal cost increases to customers.
CFO
https://www.cfo.com/supply-chain/2021/07/cfos-higher-input-costs-will-persist/
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Employee mental health is a focus for many companies
After a grueling 16 months of stress and uncertainty, many employers are prioritizing workers’ mental health. Man-agers can take certain steps to…

July 19, 2021

BUSINESS
Holding Employers Accountable for Workplace Culture
Too often, employees find themselves helpless when it comes to holding managers accountable for the company’s values.
Entrepreneur
https://www.entrepreneur.com/article/374101
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How to talk to employees about returning to the office
Returning to the office is an emotional experience for employees who might prefer the flexibility of working from home. This article looks at some of the pitfalls that can occur when discussing this subject and how to avoid them.
Harvard Business Review
https://hbr.org/2021/07/how-to-have-tough-conversations-about-returning-to-the-office
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Beyond sustainability reporting: Embedding ESG in strategy
To enable real progress, companies need to include environmental, social and governance initiatives in…

July 16, 2021

BUSINESS
NFTs: Digital assets come with big valuation challenges
Nonfungible token sales have commanded eye-popping prices in the past year, leaving CPAs with many questions related to valuation of these digital assets.
Journal of Accountancy
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What to know about cryptocurrency transactions
As cryptocurrencies become more mainstream, companies may find themselves dealing with them in multiple ways, such as accepting payments from customers that use them. As they do, companies should be familiar with the related tax and business issues outlined in this article.
CFO
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The compliment sandwich and 4 other common mistakes leaders make
An organizational psychologist…

July 15, 2016

CalCPA NEWS
(John Sensiba quoted.)
Accountants’ role in expanding EEOC’s requirements on LGBTQ+ employees’ representation & pay equity
As financial storytellers of companies’ performance and operations, accountants are critical in reporting mandatory annual data via the Employment Information Report (EEO-1), which requires private sector employers with 100 or more employees, and federal contractors with 50 or more employees meeting certain criteria, to submit demographic workforce data, including data by race, ethnicity, sex and job categories
ThompsonReuters

BUSINESS
Your Business Survived the Pandemic — Now What?
Here are a few ways to strengthen your business while also preparing for any…

July 14, 2021

MEMBERS IN THE NEWS
(Cameron Hess quoted.)
How To Factor In Taxes When Considering Special Needs Trusts, Accounts
The main financial vehicles of supporting disabled individuals — the special needs trust and the Achieving a Better Life Experience (ABLE) account — both come with special tax conditions that advisors need to consider.
Financial Advisor

BUSINESS
A ranking of the best states for business
Here is a ranking of all 50 states in terms of business-friendliness. They each received 85 scores sorted into 10 categories, including infrastructure and access to capital.
CNBC
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FSB: Remote work coincided with surge in…

July 13, 2021

BUSINESS
How hybrid work will change the office
Many companies are embracing hybrid work schedules and are reinventing how offices operate by using shared workstations. The downside is that employees don’t have the comfort of having their own desk and the personal touches that go with it.
CNBC
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What to consider as companies reevaluate health care costs
As companies evaluate employee health care costs, they should account for factors such as the likelihood employees will seek procedures deferred during the height of the pandemic. Companies should not cut too much into health care plans if they want to remain…

July 12, 2021

MEMBER IN THE NEWS
(John P. Schultz quoted.)
This is one of the best ways to get tax-free retirement savings
Of all the tax advantaged ways to save for retirement, the Roth IRA is one of the best.
CNN

BUSINESS
Employers expand child care, family benefits
Some companies are introducing child care benefits, such as on-site day care and affordable tutoring, as they look to build an appealing environment for workers. Companies are also rolling out benefits for other family members, such as employees’ parents.
CNBC
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Here’s a guide to rethinking strategy
Legacy companies and entrepreneurs alike can…

July 9, 2021

BUSINESS
How to navigate the “stops and starts” of leadership
Leading a team is much like operating a good transportation system, in which your goal is not simply getting from point A to point B but helping other people reach their destinations, even if that means more stops.
SmartBrief/Leadership
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Personnel Cost of Finance
Labor costs are on the rise. Here’s what you can do to help get the most from your investment.
CFO
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How to answer the age-old question: Could this meeting have been an email?
We’ve all attended meetings that could have been skipped entirely. Before you…

CalCPA

CalCPA is the largest state accounting society in the U.S. We are a community of CPAs leading, connecting and empowering the profession for success in CA.

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