NSAC Happenings and Latest News - Page 29
The Importance of Returning to the Office After Remote Working
Remote working took most companies by surprise in early 2020. Finding a way to navigate expectations and work trends throughout the pandemic was unique for each company, primarily thanks to technological advances and innovation. Many companies have continued to support the trend of remote working because they believe it is a way to increase productivity while still allowing flexible schedules for employees. However, does it actually ...
Read MoreIs Your Accounting Ready for the Cloud?
Businesses of all sizes are turning to cloud-based solutions to assist in their accounting and finance functions. However, businesses may end up facing roadblocks down the line due to limitations in software. On the surface, these software platforms may appear efficient, but with problems ranging from inflexible processes to data accessibility and inadequate security, these platforms may end up costing more time and money than they ...
Read MoreHow to Craft Corporate Culture in a Remote World
In March 2020, companies around the world were forced to rapidly shift to remote operations in response to the Covid-19 pandemic. And while the pandemic wreaked havoc on life as we know it, one positive takeaway that looks poised to become our new normal is the corporate world’s shift to remote and hybrid work models. It’s clear — and many major corporations globally have taken note — that remote and hybrid ...
Read MoreIRS Updates Business Travel Per-diem Rates
The IRS issued its annual update of special per-diem rates for substantiating ordinary and necessary business expenses incurred while traveling away from home (Notice 2021-52). The new rates are in effect from Oct. 1, 2021, to Sept. 30, 2022. Specifically, they are the special per-diem rates, including the transportation industry meal and incidental expenses rates; the rate for the incidental-expenses-only deduction; and the rates and list of ...
Read MoreIRS Updates Per Diem Rates for Travel Expenses for 2021-2022
The Internal Revenue Service has issued the special per diem rates that take effect Oct. 1, 2021, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. Notice 2021-52 includes the special transportation industry rate, the rate for the incidental-expenses-only deduction, along with the rates and list of high-cost localities for purposes of the high-low ...
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