The Esker Blog

NOVEMBER 29, 2022

The last few years have been a wild ride to say the least, and looking to 2023, we’re noticing a handful of themes emerging in these planning sessions. Now you can leverage our personal feedback from customers and partners to enter 2023 fully prepared.

Dashboards 92

Dashboards Deductions Cash Applicator 92

Due

JANUARY 31, 2023

Source: TreasuryDirect.com Interest on the bonds is tax deductible on your federal income taxes. If you already maxed out your I-Bond allocations even as recently as December 2022, you can make your next investment in January 2023. That’s how you’ll make 2023 a great year for your portfolio. Keep your head.

Deductions 64

Deductions Small Businesses 64

Lendio

MARCH 14, 2023

Aside from the removal of most pandemic-era deductions, however, there are really no other new-in-2022 changes to federal taxes for small businesses, says James Kaufmann. Plus, he notes, “There are some deductions and things of that nature that people can still use as business owners,” including the Employee Retention Credit.

Small Businesses 52

Small Businesses Deductions 52

Your Virtual Credit Manager

JANUARY 9, 2024

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. There is nothing wrong with that.

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Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Due

JANUARY 27, 2023

More specifically, they need to follow these ten steps to establish a healthy financial future in 2023. In 2023, more than 39.5 However, in 2023, a new category came in second. The post How Gen Z Should Prepare Their Finances for 2023 and Beyond appeared first on Due. Increase your income. In 2022, 28.9%

Credit Scoring 105

Credit Scoring Credit and Collections Credit Card Companies Default 105

NorthOne

JUNE 8, 2023

In this guide, we’ll cover everything you need to know about salon accounting, from the basics to more advanced financial reporting and analysis, along with tips to keep your salon’s finances in tip-top shape for 2023. The post Salon Accounting: Full Guide and Tips for 2023 appeared first on NorthOne Blog.

Deductions 52

Deductions Transactions Small Businesses 52

Due

JULY 9, 2023

In 2023, the average monthly Social Security benefit for retired works was $1,825. According to a 2023 Social Security Administration report, the average life expectancy for 65-year-olds in 1940 was almost 14 years. In 2023, the limit to contributions was $66,000. In 2023, the maximum annual benefit was $265,000.

Deductions 111

Deductions 111

Your Virtual Credit Manager

SEPTEMBER 26, 2023

Your accounts receivable (AR) and cash balances as of December 31, 2023, are very important numbers. Many of these items result from unresolved payment deductions, customer chargebacks or disputes. Cleaning up open disputes and payment deductions requires significant labor over an extended period of time.

Credit and Collections 147

Credit and Collections Accounts Receivable (AR) Deductions Collector 147

Lendio

JANUARY 10, 2023

When a purchase is made, the funds are deducted directly from the buyer’s account. The post Understanding Debit Card Processing Fees in 2023 appeared first on Lendio. As the moniker suggests, debit cards debit money out of an account, typically a checking or savings account at a bank or other financial institution.

Credit Card Companies 52

Credit Card Companies Credit Card Payments Transactions Deductions 52

Your Virtual Credit Manager

JANUARY 3, 2023

Photo by DESIGNECOLOGIST on Unsplash Editor’s Note: To start off the New Year, we’re bringing back three of the most popular YVCM articles from 2023. We trust you will find these articles valuable and wish you a prosperous 2023. They all provide actionable content that can help you significantly boost AR performance.

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AR Automation Collector Credit and Collections Bad Debt 130

Due

MAY 4, 2023

Additionally, those who retire at full retirement age in 2023 are only expected to receive a maximum monthly benefit of $3,627. For all Medicare Part B beneficiaries in 2023, the annual deductible will be $226, a $7 decrease from the annual deductible of $233 in 2022. Medicare Part B monthly premiums will decrease by $5.20

Deductions 115

Deductions Insurance Companies Credit and Collections 115

Due

FEBRUARY 13, 2023

Depending on their income minors must file a tax return if they earn more than their standard deduction ($12,950 in 2022). The post 32 Ways for Kids to Earn Money in 2023 appeared first on Due. A minor’s income, as well as the source, will determine whether he or she is required to file.

Deductions 122

Deductions Transactions 122

Lendio

APRIL 21, 2023

The current self-employment tax rate for 2023 is 15.3%, which includes 12.4% But, as of 2023, corporations pay a flat rate of 21%. Common tax mistakes include failing to file on time, not keeping accurate records, and incorrectly claiming deductions or credits. for Social Security and 2.9% for Medicare.

Small Businesses 96

Small Businesses Deductions Credit and Collections 96

NorthOne

JANUARY 8, 2023

While NYC Uber drivers can make as much as $80,000 per year, a lot of that money is lost to cost deductions. Apply for an Account The post How Much Uber Drivers Make in NYC in 2023 appeared first on NorthOne Blog. Read on to learn more about your salary potential and how expenses can impact your bottom line.

Deductions 52

Deductions Small Businesses 52

Fundera

AUGUST 9, 2020

Bonus depreciation is a method for businesses to take a larger depreciation deduction on assets the year they start being used. That meant that a business could deduct 50% of the cost of an asset before taking standard depreciation. Beginning in 2023, bonus depreciation will be phased down over four years: [2].

Deductions 105

Deductions Small Businesses 105

Due

JULY 26, 2023

In 2023, the average monthly Social Security benefit for retired workers was $1,825. According to a 2023 Social Security Administration report, the average life expectancy for 65-year-olds in 1940 was almost 14 years. As an employee, you can make salary deferrals of up to 100% of your compensation (with a limit of $22,500 in 2023).

Deductions 90

Deductions Transactions Shared Service 90

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 13, 2023

Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment Home / September 12, 2023 The claim life cycle as it travels through the world of healthcare administration is an intricate and complex journey. It ensures that the patient’s insurance plan is active and covers the specific services they are seeking.

Medical Billing 52

Medical Billing Deductions Insurance Companies Transactions 52

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 13, 2023

Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment Home / September 12, 2023 The claim life cycle as it travels through the world of healthcare administration is an intricate and complex journey. It ensures that the patient’s insurance plan is active and covers the specific services they are seeking.

Medical Billing 52

Medical Billing Deductions Insurance Companies Transactions 52

Due

APRIL 19, 2023

For 2023, employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan can contribute up to $22,500. Combined contribution limits (your own and your company’s) are $66,000 for 2023 or $73,500 with the catch-up. Some employers contribute to 401(k)s, but not all do.

Brokerages 59

Brokerages Deductions Credit and Collections Transactions 59

Due

JULY 28, 2023

Expectations Among Retirees A Gallup poll from 2023 gives significant insight into how non-retirees plan to use Social Security. In 2023, 34% of non-retirees expect Social Security to represent a significant portion of their income. Meanwhile, 48% of non-retirees in 2023 expect to use the program as a minor source of income.

Deductions 98

Deductions 98

Due

JUNE 3, 2023

Contributions to the IRA are tax deductible in most cases, up to specified limits , which for tax year 2023 are $6,500 annually for people under 50 and $7,500 for people over 50. Some exceptions to the deductibility rules do apply, so you’ll need to check your eligibility.

Deductions 69

Deductions Small Businesses 69

Due

APRIL 27, 2023

Typically, the amount is transferred by payroll deduction. Workers can contribute a maximum of $6,500 to these accounts in 2023. The employee contribution limit to your individual 401(k) plan is $22,500 in 2023. Alternatively, there’s a provision for purchasing your GIA within an IRA to enjoy an upfront deduction of taxes.

Deductions 110

Deductions Brokerages 110

Lendio

JUNE 1, 2023

It often matches Box 1, but will differ if your employees took pre-tax deductions or had salaries above the annual Social Security tax limit, which is $160,200 in 2023. It should be higher than Box 1 if any of your employees took pre-tax deductions because all wages are subject to Medicare taxes with no limit.

Deductions 52

Deductions Small Businesses 52

Emagia

MAY 1, 2024

Generative AI took the business community by storm in 2023, sparking a flurry of interest and prompting organizations to evaluate its potential uses. AI can improve order fulfillment and invoice accuracy with fewer deductions and allow them to come through more quickly.

Order to Cash 52

Order to Cash Cash Forecasting Credit and Collections Shared Service Center 52

Due

APRIL 10, 2023

If you itemize your deductions, combining your income could affect some of your deductions, even though the standard deduction is higher for a couple. When you file separately, however, you may lose certain credits, such as the child tax credit and earned income credit, as well as deductions for contributions to an IRA.

Deductions 114

Deductions Credit Scoring Credit and Collections Insurance Companies 114

Due

MARCH 1, 2023

For 2023, you can contribute up to $22,500 plus $7,500 in catch-up contributions if your employer offers a 401(k) plan. As of 2023, the earnings limit will increase to $21,240 for workers younger than full retirement age. For each $2 earned over $21,240, the Social Security Administration (SSA) deducts $1 from your benefits.

Deductions 104

Deductions 104

Due

JULY 17, 2023

Next, set up a recurring $100 monthly deposit to your savings account once that fee is no longer deducted from your checking account. Creditors or service providers automatically deduct their payments from your bank account. The maximum contribution for 2023 is $6,500. Spend less, save more. Save money for each goal.

Credit Scoring 98

Credit Scoring Brokerages Deductions Transactions 98

Credibly

FEBRUARY 16, 2023

Administration: If you hire an external consultant, their fee is deducted from your gross revenue. Interest payments: Note that you would only deduct your interest payments to calculate net revenue. If you made any donations, you should also note that some charitable donations are tax deductible. As of 2023, $1 USD = $0.75

Deductions 73

Deductions Credit and Collections Small Businesses 73

Due

SEPTEMBER 6, 2023

It is estimated that nearly 67 million Americans will receive Social Security benefits per month in 2023. In 2023, you can contribute up to $6,500 to an IRA (or $7,500 if you’re 50 or older). Tax deductions are available for contributions to traditional IRAs, and earnings are deferred until they become taxable.

Deductions 52

Deductions 52

Due

JUNE 20, 2023

Many experts still maintain that a recession will be announced in 2023, though we have yet to see how severe it will be. Make those contributions directly via paycheck deductions to ensure you don’t get cold feet about investing when the market is down. You fund a traditional IRA with pre-tax money, like a 401(k).

Deductions 64

Deductions 64

Your Virtual Credit Manager

APRIL 11, 2023

Invoice Inaccuracies : When there are errors on your invoice, or discrepancies between your invoice and the customer’s purchase order (PO), your customer is likely to only make a partial payment (also known as a payment deduction) or not pay until the discrepancy is resolved.

Bad Debt 130

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding 130

Due

OCTOBER 29, 2023

For example, in 2023 you can contribute up to $22,500 to a Solo 401(k), plus up to 25% of your compensation. Retirement accounts like SEP IRAs and Solo 401(k)s allow much higher contribution limits compared to conventional plans, while staying organized and keeping track of your contacts can also contribute to a successful retirement plan.

Small Businesses 52

Small Businesses Brokerages Deductions 52

Due

OCTOBER 19, 2023

Depending on your plan, you may be scheduled for monthly or quarterly payment deductions. This would ensure that an agreed amount is deducted from your income to fulfill the loan repayment schedule. Let’s say you took out a loan on your 401(k) plan in 2023, you would need to repay the borrowed amount in full by April 15, 2024.

Deductions 52

Deductions Medical Billing Investment Firms Default 52

Due

OCTOBER 28, 2023

As of 2023, individual workers can contribute up to $22,500 to their 401(k) plans—this amount is up from the maximum limit of $20,500 in 2022. In addition, the income ranges that determine your eligibility for deductible contributions to Roth IRAs, traditional IRAs, and for claiming the Saver’s Credit will all be adjusted for 2023.

Deductions 52

Deductions 52

Due

JULY 13, 2023

In general, being healthy can result in reduced premiums, copays, and deductibles. A Medicare-approved chiropractor visit costs 20 percent less if you have already paid your Part B deductible of $233 in 2022 (or $226 in 2023), according to AARP. An increase in productivity. Additionally, you’ll be less absent and more engaged.

Bankruptcy 98

Bankruptcy Deductions Insurance Companies 98

Due

FEBRUARY 29, 2024

trillion in 2023 to $7.2 Explore high-deductible health plans (HDHPs). For 2023, the SIMPLE IRA contribution limit is $15,500, with a catch-up contribution limit of $3,500 for those over 50. Retirement savings can be wiped out as healthcare premiums and out-of-pocket expenses continue to rise. Taming the Kraken.

Nonprofit Organizations 105

Nonprofit Organizations Deductions 105

Lendio

APRIL 26, 2023

Remember that unlike a deductible, which decreases a business’ taxable income, a credit reduces the amount of total tax owed to the IRS. Can I Still Apply For The Employee Retention Credit In 2023? Yes, if your business meets all of the qualifying criteria, you can still apply for the employee retention credit retroactively in 2023.

Small Businesses 98

Small Businesses Deductions 98