November 17, 2020
2020 Year-End Retirement Plan Tasks for Employers
Check 2020 contributions and 2021 limits, and in CA, know your new CalSavers requirements. It’s that time of year again — time to look ahead to your year-end retirement plan tasks as well as upcoming changes for retirement plans. Plan Contributions Make sure all 2020 contributions are made by December 31, including employee deferrals, employer …
New California Employment Laws Effective January 1, 2021
To help you stay compliant, here’s a list of the new laws. Like most years, 2021 will bring its share of employment-related law changes that California employers should be aware of to stay in compliance. To help you keep track, we’ve listed the new laws below. All take effect January 1, 2021, unless otherwise stated. …
November 16, 2020
Cannabis Legalization Approved in 5 Additional States
The presidential election certainly garnered most of the electorate’s attention on November 4. However, the results also signaled the growing public approval of cannabis, as all five states that had some form of cannabis legalization on their ballots approved it by a significant majority of voters. The five states are: Arizona – adult-use cannabis was …
Year-End Payroll Checklist
Stay on top of your year-end payroll to set your organization up for success in 2021. Year-end is a very busy time for payroll teams, and it can become very chaotic if employers don’t prepare properly. To help you make this the most wonderful time of the year instead of the most dreaded, here is …
November 12, 2020
The Importance of a Dimensional Chart of Accounts for Finance
If you want to easily track the profitability of each department, branch, project or just about any other aspect of your organization, you’ve been out of luck…until now with dimensional chart of accounts. The dimensions capability within modern accounting software solutions (aka multi-dimensional accounting) now allows you to track revenues, expenses and profitability for any …
November 9, 2020
The Covid-19/PPP Coma is lifting for Law Firms – Now What?
Many Law Firms had “issues” way before we knew anything about Covid-19, and if we can say anything for sure about this pandemic, it’s become the great “accelerator.” The great accelerator of many issues we could only lightly discuss before – issues that were on our checklist before this all happened such as: Should we allow …
November 3, 2020
3 Decision-Making Best Practices for Law Firm Back Offices
In recent years, there have been massive strides in business solution technologies that mean law firms no longer have to rely on data from static, clunky spreadsheets for critical decisions. Law firm management best practices these days require that the information coming from your back office is accurate, timely and easy to interpret. While this …
7 Consequences When Your Law Firm’s Reports Aren’t Timely
Various studies estimate that 94% of spreadsheets have errors, including law firm reports. Despite this alarming statistic, spreadsheets have cemented themselves in our professional lives. Often it’s like we toil away on a blank canvas, applying our fancy brush techniques — and when we’re done, we realize that we painted the wrong subject! What You …