Tag Archive: "Transportation"
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A Big Break for Per Diems?
There has been a significant amount of relief passed through various bills due to the coronavirus. While the employee retention credit, paid leave credit and paycheck protection program received a lot of the glory, something smaller yet potentially impactful passed with the Consolidated Appropriations Act, 2021 (CAA 2021). The CAA 2021 includes a provision that […]
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The Transportation Impact from the Infrastructure Bill
It can sometimes be difficult to see how bills affect your company or your industry but you would think an infrastructure bill would impact transportation, right? It certainly does. Within the bill there are various opportunities for grants, mostly to state and local governments, to improve current infrastructure as well as build infrastructure for the […]
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Lease Accounting – Changes Are Coming Quickly!
Authored by Chris Nieman and Brandon Knight Key insights Implementing the new lease standard will likely require more time and resources than most realize. Choosing the right software solution is a critical component. Taking steps to prepare now will help ensure successful implementation of this landmark standard. In 2016, the Financial Accounting Standards Board (FASB) […]
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Per Diem Rates Set to Increase for the Transportation Industry October 1st
Per diem pay was a hot topic when the Tax Cuts and Jobs Act changed the law and made it so that W-2 employee drivers who did not receive per diem pay from their employer could not claim an itemized deduction on their personal tax returns. It may well be a hot topic again. For […]
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The AB5 Situation in California
Assembly Bill 5 (AB5) was signed into law in California in late 2019 and became effective 1/1/2020. The controversial bill created a three prong test to determine when individuals can be classified as independent contractors. The following three statements must be true. A worker performs duties or services without the direct control or direction of […]
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The Great Resignation — Staffing for Success
Authored by Joey Desiderio Hiring the right person is and always has been difficult. Between figuring out where to find talent, how to attract the right candidates to your business, and ultimately convincing a candidate to come work with you, recruiting is a highly involved and difficult process. According to Abe Eshkenazi, CEO of the […]