Local firm management news from around the web: February 22 – 26, 2021

Written on Feb 22, 2021

Are you prepared for the new Schedule H? 
For this tax season, there is an updated Schedule H for your clients who employ household help. It reconciles pandemic-related paid leave provided to their workers last year under the Families First Coronavirus Act.

3 cybercrime trends to prepare for in 2021
Cyber breaches have become more common for businesses during the COVID-19 pandemic. Make sure your practice and your clients are protected from attacks. 

Single audits: Deliver high quality in a challenging time
The release of the Office of Management and Budget’s Compliance Supplement addendum for single audits right before Christmas gave practitioners long-awaited guidance for these specialized audits that are especially complicated because of the surge in government funding related to the coronavirus pandemic.

Ohio Senate unanimously passes bill to stop state taxes on PPP loans, streamline filing process
The Ohio Senate unanimously passed Senate Bill 18, which complies Ohio tax law with the federal code, streamlines the state’s tax filing process and makes sure money received during the pandemic will not be taxed.

Tech Corner - Toronto’s UHN launches a study to see if Apple Watch can spot worsening heart failure
A new study could shift our approach to treatment in an area of growing concern in human health. The study will investigate whether the Apple Watch can provide early warnings about potentially worsening health for patients following incidents of heart failure.

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