Search Results for: iris
4 Important Qualifications Needed to File for ERC
Although Employee Retention Credit ended in late 2021, a large number of employers are still eligible to claim the credit retroactively for up to $26,000 per employee. Since Congress passed multiple acts between 2020-2021 that modified ERC eligibility, many employers have lingering questions about which qualifications are required to file for ERC in 2023 and […]
Starting a Nonprofit: Crucial Factors to Consider
Defining Your Nonprofit’s Mission and Vision Whether a nonprofit formulates a mission, vision, values, or purpose statement (or all of the above), the overriding goal is to articulate why the nonprofit exists, the needs it addresses, and for whom (or where) it offers support. Since a nonprofit’s mission and vision statements are frequently used in […]
How to Pay Employees Overseas
When your business decides to make its first steps to expanding overseas and payroll incorporates countries other than your own, paying employees suddenly becomes a much more complex affair. Paying employees overseas can put a considerable strain on your HR and payroll teams, who until now may have only dealt with domestic payroll. Depending on […]
Calculate Pay Periods: A One-Stop Guide For Employers
Understanding pay periods is crucial. Our guide helps employers to calculate weekly, biweekly, semi-monthly, and monthly pay periods to keep your payroll accurate and employees satisfied. Try it today! Knowing how to calculate pay periods and report on your employees’ wages earned can be tricky. In this blog, we take you through the process from […]
Illinois Payroll Tax Guide 2023: Laws, Taxes and more
1. Setting Up Your Business Before registering with the state of Illinois, businesses must have a federal Employment ID Number (EIN) and an account in the Electronic Federal Tax Payment System (EFTPS). How to Apply for an Employer Identification Number (EIN) The application process for EINs is managed by the IRS, To apply digitally, follow […]
Five pillars to future proof your accounting firm
James Paille is a Certified Payroll Professional and Director of Compliance for IRIS Software Group Americas. The accounting industry is at the crossroads of change – with ongoing talent shortages as accounting and auditing have seen a 17% workforce reduction over the past several years and technological innovation bringing automation to the profession. As accounting firms […]
A Guide to Hiring Global Independent Contractors
Global independent contractors allow businesses to access new markets, expand into new territories, and develop new products without the need to hire internally. A global independent contractor typically resides in a different country from where the business is based. They likely possess local knowledge of the region and can act as a translator or company […]
Can Payroll Be a Boost in Profit for Your Firm?
Every firm wants to gain more clients to grow and improve profit margins. Most firms consider growth as providing the same services but to more clients. For those firms, having 20 clients this year and 40 clients next year is an easy metric to measure their success. But there are some problems with thinking about […]
How to Make Next Tax Season More Efficient
Tax season is the most important time for accountants and CPA firms. It is the busiest, but also the most profitable, time of the year, and it’s important that you’re getting the most from it. For most accountants, tax season can feel overwhelming. With such a direct tie to a massive spike in revenue, there’s […]
Streamline Your Accounting Practice with Our Powerful Management Tools
Effortlessly Manage Your Accounting Practice Our intuitive platform simplifies client handling, time tracking, invoicing, task delegation, and seamless team collaboration, all in one centralized solution. Simplify Your Workflow and Increase Productivity Automate tasks, and optimize workflows, allowing you to focus on high-value activities. Experience heightened productivity as you effortlessly navigate tasks, saving time and achieving […]
How to Take Your Practice to the Next Level with Practice Management
Growing your practice is essential, but it can be difficult to do more when it feels like you’re already stretched thin.