#Plano Small Business Accountant

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Accounting for Real Estate Brokers and Developers in Plano and Austin, TX

Looking for a Texas accounting firm with expertise in tax, assurance, bookkeeping, and audits? Look no further than SCPA Group! We serve many clients, including construction contractors, real estate developers, and small businesses. Contact us today to learn more about how we can help you achieve your financial goals.

[bestpayrollservicesblog]

CPA Tax Services in Plano: Navigating the Complexities of Tax Compliance

As a thriving business hub in the Dallas-Fort Worth metroplex, Plano is home to a diverse array of companies, from small startups to large corporations. In this dynamic environment, the need for reliable and expert CPA tax services has never been more crucial.

Navigating the ever-changing landscape of tax laws and regulations can be a daunting task, but with the right CPA tax services in Plano, businesses can ensure compliance, maximize their tax savings, and focus on their core operations.

The Importance of CPA Tax Services in Plano

Plano's business community is characterized by its entrepreneurial spirit, innovative mindset, and rapid growth. This vibrant environment presents both opportunities and challenges when it comes to tax compliance and financial management. CPA tax services in Plano play a vital role in supporting businesses of all sizes in the following ways:

Ensuring Compliance: CPA tax professionals in Plano possess in-depth knowledge of local, state, and federal tax laws and regulations, helping businesses navigate the complex tax landscape and avoid costly penalties or legal issues.

Maximizing Tax Savings: CPA tax services in Plano can identify deductions, credits, and tax-planning strategies that businesses may not be aware of, enabling them to minimize their tax liabilities and keep more of their hard-earned profits.

Providing Specialized Expertise: CPA tax professionals in Plano often have industry-specific expertise, allowing them to offer tailored solutions and guidance to businesses operating in various sectors, such as technology, healthcare, or real estate.

Enhancing Financial Visibility: CPA tax services in Plano can provide businesses with comprehensive financial reporting, analysis, and forecasting, empowering them to make informed decisions and plan for future growth.

Reducing Administrative Burden: By outsourcing tax preparation, planning, and compliance to CPA tax services in Plano, businesses can free up valuable time and resources to focus on their core operations and strategic initiatives.

Services Offered by CPA Tax Firms in Plano

CPA tax firms in Plano offer a wide range of services to meet the diverse needs of businesses and individuals, including:

Tax Preparation: CPA tax professionals in Plano can prepare and file federal, state, and local tax returns for businesses, ensuring accuracy and compliance.

Tax Planning: CPA tax services in Plano can develop comprehensive tax strategies to minimize a business's tax liability, optimize cash flow, and align tax planning with long-term financial goals.

Tax Consulting: CPA tax professionals in Plano can provide expert advice and guidance on a variety of tax-related issues, such as entity selection, international taxation, or tax audits.

Payroll and Employment Tax Services: CPA tax services in Plano can handle payroll processing, payroll tax calculations, and compliance with employment tax regulations.

Tax Controversy and Resolution: CPA tax professionals in Plano can represent businesses in tax disputes with the IRS or state tax authorities, negotiating payment plans, offers in compromise, or penalty abatement.

Business Advisory Services: CPA tax services in Plano can offer strategic business advisory services, such as financial forecasting, budgeting, and mergers and acquisitions support.

Choosing the Right CPA Tax Service in Plano

When selecting a CPA tax service in Plano, it's essential to consider the following factors:

Credentials and Experience: Look for CPA tax professionals with the necessary certifications, licenses, and extensive experience in serving businesses in the Plano area.

Industry Specialization: Consider CPA tax services in Plano that have specific expertise in your industry, as they can provide more tailored and relevant guidance.

Technology and Innovation: Evaluate the CPA tax service's use of technology, such as cloud-based accounting software and data analytics tools, to streamline processes and provide real-time insights.

Communication and Responsiveness: Choose a CPA tax service in Plano that communicates effectively, responds promptly to your inquiries, and demonstrates a commitment to understanding your unique tax and business needs.

Reputation and References: Research the CPA tax service's reputation in the Plano business community, read client testimonials, and ask for references to gauge the quality of their services and client satisfaction.

The Benefits of Partnering with CPA Tax Services in Plano

By partnering with CPA tax services in Plano, businesses can enjoy a range of benefits, including:

Maximized Tax Savings: CPA tax professionals in Plano can identify tax-saving opportunities, such as deductions, credits, and strategic planning, to help businesses minimize their tax liabilities.

Improved Compliance: CPA tax services in Plano can ensure that businesses comply with all relevant tax laws and regulations, reducing the risk of audits, penalties, and legal issues.

Enhanced Financial Visibility: CPA tax services in Plano can provide businesses with comprehensive financial reporting, analysis, and forecasting, enabling them to make informed decisions and plan for future growth.

Reduced Administrative Burden: By outsourcing tax-related tasks to CPA tax services in Plano, businesses can free up time and resources to focus on their core operations and strategic initiatives.

Access to Local Expertise: CPA tax professionals in Plano have a deep understanding of the local business landscape, tax laws, and regulatory environment, allowing them to provide tailored solutions and guidance.

Conclusion

In the dynamic business environment of Plano, CPA tax services play a crucial role in supporting the success and growth of local companies. By leveraging the expertise of CPA tax professionals, businesses can navigate the complexities of tax compliance, maximize their tax savings, and enhance their overall financial management.

When selecting a CPA tax service in Plano, it's essential to consider factors such as credentials, industry specialization, technology, communication, and reputation. By partnering with the right CPA tax service, businesses can gain a competitive edge, mitigate risks, and focus on their core operations with confidence.

Whether you're a small startup or a large corporation in Plano, CPA tax services can provide the guidance and support you need to thrive in the ever-evolving business landscape. Invest in your company's financial well-being by exploring the CPA tax services available in the Plano area today.

[esglatestmarketnews]

ESG Trends and Challenges in the Digital Payments Sector

Financial institutions and technology vendors have repurposed their strategies on digital payments—more so—on the back of a dip in physical cash. Add to it the technological innovations that have leveraged online banking. Cash may still be the king; electronic payment, however, is giving a run for the money. An exponential rise in smartphone usage, surging internet penetration and growth in e-commerce have made electronic payment a force to reckon with. Meanwhile, the luxury of contactless and fast payments comes with caveats—environmental, social and governance challenges. 

Amidst climate change, a volatile economy and the Russia-Ukraine war, society, businesses and governments have exhibited a strong commitment to foster an inclusive workplace, accentuate low-carbon energy solutions, bolster transparency and create long-term value. Several financial institutions have started carbon offset programs, providing rewards and loyalty points. In September 2021, Ascenda joined forces with Patch to enable consumers to redeem their rewards points for carbon offsets, helping reduce and eliminate GHG emissions. 

PayPal Propels Science-Based Targets (SBTs)

Carbon footprints from the digital payment ecosystem have prompted financial institutions to up their sustainable strategies. A study from Cambridge inferred that Bitcoin used 80% more energy consumption in 2021 compared to the preceding year. Digital wallets reportedly consume less energy vis-à-vis cryptocurrencies, offering opportunities galore. In March 2022, Helpful rolled out digital wallets that it claims can save up to 80% of the CO2 produced from payment transactions. 

The potential risks posed by adverse weather conditions on facilities have encouraged companies, such as PayPal to underscore science-based GHG emission reduction targets. The Fintech player achieved 100% renewable energy sourcing for its data centers in 2021, while it reached 90% total energy use in 2022. The American giant formed science-based emission reduction targets—to minimize absolute operational GHG emissions by 25% by 2025. In 2022, the company set the goal to engage 75% of its suppliers (in terms of spending) to SBTs by 2025 and Its IT asset management team retired 338 metric tons of IT hardware across the data center services.

Global Payments Underscores Philanthropic Activities

The social criterion emphasizes a shifting business environment where companies are gearing up to enhance workplace diversity, financial literacy, social equity and health & wellness. In 2021, Global Payments Plano, Texas office teamed up with the National Breast Cancer Foundation (NBCF) and collected USD 1,600 for charity. Besides, the Lindon, Utah team formed a canned food drive to donate 2,500 cans to a local food bank. Taking the philanthropic work further, the company doled out USD 5 million in 2021 to underpin several organizations, such as Red Cross, the American Heart Association, UNCF, Leukemia & Lymphoma Society, Susan G. Komen and Mercer Medical School.

To reinforce financial literacy and economic inclusion, the Fintech company offers around 4 million (especially small and medium-sized businesses) locations globally with digital commerce solutions, allowing acceptance of more than 140 payment methods. Meanwhile, the U.S.-based company has propelled its DEI strategies to augment female representation to 47% and boost the number of people of color to 39% by 2025. 

Is your business one of participants to the Digital Payments Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

JP Morgan Embeds Transparency and Accountability

Corporate governance has become a value proposition to impel ethics & compliance, board diversity, transparent work culture, independence and anti-corruption activities. In 2021, directors at JP Morgan were offered education on DEI, cybersecurity, its climate risk management framework and technology. The Board in the financial service company has ramped up corporate culture and values, boosting diversity in leadership positions. As of April 2022, Out of ten, there were four women directors and one black director. Further, women accounted for 37% of seats on the Operating Committee (as of December 2021). 

While digital solutions have become invaluable in the economy, data privacy and cybersecurity threats have sent alarm bells to stakeholders. The Global Cybersecurity and Technology Controls organization analyzes changes in global threats and monitors JP Morgan’s operations. In 2022, the company was involved in policy issues, such as software bills of materials, evolving U.S. National Institute of Standards and Technology (NIST), zero trust and notification. The need to protect the global financial system and underpinning cybersecurity will help companies achieve ESG goals. 

Fintech players have expedited their strategies to undergird climate solutions and build financial confidence among underserved and vulnerable communities. In the 2021-2022 ESG Report, American Express announced an infusion of USD 3 billion toward DEI initiatives and underrepresented groups through 2025. During the Earth Month of 2022, the financial service company asserted that at least 70% recycled or reclaimed plastic would be used to make most plastic cards by 2024. The rising footprint of contactless- and card payments against the backdrop of the COVID-19 pandemic has made electronic payment the next big thing. The global digital payments market size stood at USD 68.61 billion in 2021 and will expand at a CAGR of 20.5% between 2022 and 2030, reports Grand View Research. 

Related Reports: 

Digital Lending Industry ESG: https://astra.grandviewresearch.com/digital-lending-industry-esg-outlook

Real-time Payments Industry ESG: https://astra.grandviewresearch.com/real-time-payments-industry-esg-outlook

E-commerce Industry ESG: https://astra.grandviewresearch.com/e-commerce-industry-esg-outlook

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

[iaacpafirm-blog]

[poleeeng]

—re: life and misadventures (is fucking long)

Ayan sobrang nappressure na naman ako. Well, wala naman nang-ppressure sa’kin para mag-isip ng mga ganitong bagay pero ako na mismo yung nakakaramdam. Feeling ko nanaman kinakapos na ako sa oras kahit na alam ko ring bata pa naman ako talaga. I really feel the need to save money and take financial planning seriously now. Feeling ko need ko nang may masimulan na lalo na ngayon, nagpaparinig na mama ko na gusto na umuwi ng province at doon na tumira for the rest of time. That means na kailangan ko na makapagpundar kahit small business for them kasi wala silang magiging source of income doon while we are here in the metro. Actually medyo natanggap ko na na hindi ko pa kaya makakuha ng bahay for them kaya sana kahit makapag put up lang ng small business for their source of living.

At the same time naiisip ko rin na mag-save na para sa sarili ko at sa future ko. Nappressure din ako kasi yung mga friends ko nagsisimula na silang magplano magsettle na with their partners. Hahahaha i know and i really try to put in mind na may kanya-kanya tayong timeline and I don’t need to feel pressured, kaso mahirap din talagang iwasan kasi yun yung reality. I really need to have plans para sa sarili ko, sa future ko, namin. Kaso the thing is, hindi ko na alam paano ko hahatiin sweldo ko kasi ang liit lang naman talaga.

I have been planning to open my own savings account pero until now di ko pa nagagawa. I still use the account provided by my company. Di pa ‘ko makapag-open kasi I don’t have enough money to do so and wala akong time. Tapos eto pa, napag-usapan na actually namin ni zakk noon pa na mag-open ng joint account para kahit papano may nasisimulan na kami for the future. Actually, wala pa talaga sya sa point na gusto na mag plan and mag settle whatsoever, nandun palang kasi sya sa point ng life nya na gusto nya pang ienjoy yung income nya. Well, I completely understand kaya I never pressured him about planning things for the future. May times lang din naman na napapag-usapan. But don’t get me wrong, he is very open kapag naman napapag-usapan. He’s just not rushing himself into things like this. Pero ayon nga, napag-kasunduan namin to open a joint account for us to start saving for our future. The problem is eto nanaman, I don’t know how will I divide my salary sa lahat ng kailangan kong paglaanan, considering the fact that I still provide for my family and my lola sa province.

I promise, I really try not to feel the pressure and not to overthink about things. Tinatry ko talaga na di mapressure kahit all my friends keep on asking me things like “ano nang plano nyo?”, and keep on sharing their own plans along with their partners. Hahahahahaha diba? Kahit ayoko magmadali at ipressure yung sarili ko and si zakk, parang di na ako makaalis na reality na kailangan ko na talaga to move forward sa next level ng life. We’re not getting any younger, so close na sa mid twenties. I really have to have something to focus on para hindi ako magkakandaligaw ligaw.

I edited this. ang dami ko lang talagang gustong sabihin hahahaha. Kaya kung nakarating ka dito, mahal kitaaaa!!!!

Shuta talaga ang hirap maging adult.

[benefitresource-blog]

What are The Different Types of Business Insurance in Arlington and Dallas, Texas For Business Owners to Consider

Having business insurance is essential to handle contingencies things and secure business from potential threats and damages. While no one can stop a catastrophic event from occurring, one can take measures to reduce the financial strain inevitably accrued to an individual. Insurance is basically a form of protection from the unanticipated incident before it happens. It acts as a risk management in which the risk will be managed by the company by the equitable transfer of the peril of the loss from one entity to another in exchange for payment.

Texas is a developed county which is known as a haven of business in the USA. From small to large enterprises, Texas is an amazing place for business persons. People are quitting their job and put all their saving and hard work to start a new commerce and to make it successful. Their contribution towards business is remarkable. In Texas there are many business persons who are doing great in the world of business and supporting the economy of country.

For those starting a new business, it is a good decision to protect the investment with insurance plan. Business insurance in Arlington and Dallas, Texas has proven to be an effective tool to protect the company, employees and one’s living.  

There are some types of coverage a business needs:

ü Property insurance

ü Worker’s compensation

ü Business interruption

ü Liability insurance

ü Life

ü Health

ü Disability insurance

Property Insurance:

This insurance aims at providing one with coverage for damage that occurs to one’s place, inventory, equipment and machinery.

Worker’s Compensation:

Worker’s compensation refers to a type of insurance which assures coverage for employees and workers against lost incomes due to their illness, thereby covering medical expenses.

Business Interruption:

If the company is not in operating condition because of some reasons, then business interruption cover compensates lost wages at that time.  

Liability insurance

Liability insurance is designed to help protect individual’s business which is harmful to others financially or which offers products that cause harm to somebody.

 Life Insurance:

Life covers provides coverage for those family members that depend on the income of the deceased. Some of the money lenders check out whether individuals have necessary life insurance or not before providing them capital.

Health insurance:

Health insurance is vital as it protects both employers and employees against any health hazards. An employer should be accountable to take care of the employees and ensure employee benefits in Plano and Richardson, Texas.

Disability Insurance:

Even small business owners should have necessary insurance to avoid big financial loss to the company due to a little injury. Several income protection insurances are there to protect such businesses.  Disability insurance is conceived with this aspect in mind.

With all such benefits, business insurance is proven to be an excellent tool to protect a great organization with a great policy cover and increase one’s business without any interruption. Many companies provide coverage plans for any type of business whether it is a commercial or home based business. Security of a company is most important part of a successful business.

[profitmatters-blog]

Profit Matters offers lockbox services as an add-on service for small business bookkeeping and accounting services. It helps our customers and vendors make their payments, invoices, and tax form directly to their lockbox address. To have detailed information, Visit:

https://www.profitmatters.co/lockbox-services/

Call on: (833) 813-5500

[seofirmblog2]

SEO companies are changing the way you view and expand your business

At present seo is thought of the gold mine for radius on the net marketers. It really is a comprehensive company income strategy and nobody gets involved in it for leisure. The search engine specialist is extremely skilled in their job and using a glance in the website they're able to comprehend what it is to become fixed. As these experts continue to work on unique Search engine optimization solutions and optimize web-sites they have the expertise to operate for the business. It can be the explanation why a single needs to hire a reliable Search engine optimisation business. You can find more info about best SEO services Pasadena

Why do you may need Search engine marketing for small business web site

business owners do not have much expertise about Search engine marketing strategies that operate. It is actually vital to hire an Seo agency. They could carry out loads of analysis in the time of delivering appropriate techniques and options for enterprise expansion. Using the appropriate pros, one can get a larger ranking spot on significant analysis engines along with the brand web page can get extra organic targeted traffic and prospect buyers. Understand more info about Philly SEO consultants

Search engine optimization Corporation Pasadena offers different approaches and at some point distinctive attributes for managing a site and acquiring preferred results. They know what will make a web page and what will break it. With well-designed Search engine marketing services in Pasadena, one can make a powerful customer connection. Search engine optimisation is vital for creating leads and flourishing the company inside the on-line market place. Get more info about Plano SEO agency

The benefit of hiring a trusted Seo enterprise

Seo services may be customized as per enterprise wants and budget. There are a variety of rewards of Search engine optimization solutions and their utilization. They could genuinely assist a organization to reach new heights.

Seo is crucial for a business enterprise site as just about every single market is facing stiff competition. It is essential to help organizations to reach prospective leads and clientele. Services are accountable for guiding business enterprise owners to implement the methods which can be vital for enhancing visibility and enhancing the possibilities to reach potential clients.

Enabling the professional to appear in the organization and formulate a superb marketing and advertising strategy will make certain that the business enterprise expense to an additional level. It can be for the reason that Search engine marketing specialists will view the small business from the customer's point of view. If you need more guidance with SEO Pasadena then visit https://www.digitalmarketing1on1.com/internet-marketing-seo-pasadena/.

[esglatestmarketnews]

ESG Metrics and Reporting in the Digital Payments Industry

Financial institutions and technology vendors have repurposed their strategies on digital payments—more so—on the back of a dip in physical cash. Add to it the technological innovations that have leveraged online banking. Cash may still be the king; electronic payment, however, is giving a run for the money. An exponential rise in smartphone usage, surging internet penetration and growth in e-commerce have made electronic payment a force to reckon with. Meanwhile, the luxury of contactless and fast payments comes with caveats—environmental, social and governance challenges. 

Amidst climate change, a volatile economy and the Russia-Ukraine war, society, businesses and governments have exhibited a strong commitment to foster an inclusive workplace, accentuate low-carbon energy solutions, bolster transparency and create long-term value. Several financial institutions have started carbon offset programs, providing rewards and loyalty points. In September 2021, Ascenda joined forces with Patch to enable consumers to redeem their rewards points for carbon offsets, helping reduce and eliminate GHG emissions. 

Learn more about the practices & strategies being implemented by industry participants from the Digital Payments Industry ESG Thematic Report, 2023, published by Astra ESG Solutions PayPal Propels Science-Based Targets (SBTs) Carbon footprints from the digital payment ecosystem have prompted financial institutions to up their sustainable strategies. A study from Cambridge inferred that Bitcoin used 80% more energy consumption in 2021 compared to the preceding year. Digital wallets reportedly consume less energy vis-à-vis cryptocurrencies, offering opportunities galore. In March 2022, Helpful rolled out digital wallets that it claims can save up to 80% of the CO2 produced from payment transactions. 

The potential risks posed by adverse weather conditions on facilities have encouraged companies, such as PayPal to underscore science-based GHG emission reduction targets. The Fintech player achieved 100% renewable energy sourcing for its data centers in 2021, while it reached 90% total energy use in 2022. The American giant formed science-based emission reduction targets—to minimize absolute operational GHG emissions by 25% by 2025. In 2022, the company set the goal to engage 75% of its suppliers (in terms of spending) to SBTs by 2025 and Its IT asset management team retired 338 metric tons of IT hardware across the data center services.

Global Payments Underscores Philanthropic Activities The social criterion emphasizes a shifting business environment where companies are gearing up to enhance workplace diversity, financial literacy, social equity and health & wellness. In 2021, Global Payments Plano, Texas office teamed up with the National Breast Cancer Foundation (NBCF) and collected USD 1,600 for charity. Besides, the Lindon, Utah team formed a canned food drive to donate 2,500 cans to a local food bank. Taking the philanthropic work further, the company doled out USD 5 million in 2021 to underpin several organizations, such as Red Cross, the American Heart Association, UNCF, Leukemia & Lymphoma Society, Susan G. Komen and Mercer Medical School.

To reinforce financial literacy and economic inclusion, the Fintech company offers around 4 million (especially small and medium-sized businesses) locations globally with digital commerce solutions, allowing acceptance of more than 140 payment methods. Meanwhile, the U.S.-based company has propelled its DEI strategies to augment female representation to 47% and boost the number of people of color to 39% by 2025. 

Is your business one of participants to the Digital Payments Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices JP Morgan Embeds Transparency and Accountability Corporate governance has become a value proposition to impel ethics & compliance, board diversity, transparent work culture, independence and anti-corruption activities. In 2021, directors at JP Morgan were offered education on DEI, cybersecurity, its climate risk management framework and technology. The Board in the financial service company has ramped up corporate culture and values, boosting diversity in leadership positions. As of April 2022, Out of ten, there were four women directors and one black director. Further, women accounted for 37% of seats on the Operating Committee (as of December 2021). 

While digital solutions have become invaluable in the economy, data privacy and cybersecurity threats have sent alarm bells to stakeholders. The Global Cybersecurity and Technology Controls organization analyzes changes in global threats and monitors JP Morgan’s operations. In 2022, the company was involved in policy issues, such as software bills of materials, evolving U.S. National Institute of Standards and Technology (NIST), zero trust and notification. The need to protect the global financial system and underpinning cybersecurity will help companies achieve ESG goals. 

Fintech players have expedited their strategies to undergird climate solutions and build financial confidence among underserved and vulnerable communities. In the 2021-2022 ESG Report, American Express announced an infusion of USD 3 billion toward DEI initiatives and underrepresented groups through 2025. During the Earth Month of 2022, the financial service company asserted that at least 70% recycled or reclaimed plastic would be used to make most plastic cards by 2024. The rising footprint of contactless- and card payments against the backdrop of the COVID-19 pandemic has made electronic payment the next big thing. The global digital payments market size stood at USD 68.61 billion in 2021 and will expand at a CAGR of 20.5% between 2022 and 2030, reports Grand View Research. 

About Astra – ESG Solutions by Grand View Research Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. – a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

[iaacpafirm-blog]

Accounting Firms in Texas that covers the wide-ranging needs of our clients,Best CPA Firm in Plano TX  the company has been proud to handle work for businesses, individuals,and non-profits.Our team has been helping clients in the Plano Small Business Accountant,CPA Firm Plano TX,Texas CPA Firms Listings and Small Business Tax because it is mandatory for everyone to pay tax.

[anagamitofotografia]

Texas bill could shield companies from commercial vehicle crash lawsuits

Stories & important posts on POS Equipment and POS.

Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news.

People affected by crashes causing bodily injury or death involving commercial motor vehicles would find it harder to win damages from companies under a bill that was approved by the Texas House and is making its way through the Senate.

Commercial motor vehicles include 18-wheelers, Uber and Lyft vehicles, delivery trucks and any other vehicle being used for commercial purposes. The bill’s sponsors say it will prevent excessive lawsuits against companies, while road safety advocates say the bill would make Texas’ already unsafe roads even more dangerous.

Under House Bill 19, when a commercial vehicle owner or operator is sued after a crash, the driver would have to be proven liable in court before a case could be brought against their employer. That means a jury would not learn which company employed the driver unless the trial advanced to the second phase, when damages would be assessed.

The bill passed the House in an 81-49 vote on April 30 and is awaiting a vote in the Senate after making it through the Senate Transportation Committee.

State Rep. Jeff Leach, R-Plano, who authored the bill, said it would protect commercial vehicle operators from “unjust and excessive lawsuits.” Leach said in the bill analysis that in the past decade, the number of lawsuits stemming from motor vehicle crashes in Texas has increased by 118%, while the number of crashes involving severe injury or death have decreased or only slightly increased.

“This bill installs a legal and procedural framework that will protect Texas businesses of all sizes from abuses in our justice system, from abuse of lawsuits that are threatening the very existence of many of our small businesses,” Leach said.

Mary Rose, an assistant sociology professor at the University of Texas at Austin whose research focuses on the legal system, civil damage awards and citizens’ views of justice, said the proposal essentially would protect large corporations from some liability.

Rose cited a study by the Wisconsin Law Review that found that liability verdicts against companies may be lower in the type of trial outlined in the bill because jurors are generally more likely to find a corporation liable for damages than an individual driver.

For example, if a jury knew that a commercial vehicle driver who was involved in a serious crash worked for a large company like Amazon, Rose said, punitive damages likely would be higher because “if (Amazon) has more resources and is able to create a safer environment than a mom-and-pop store … they’re almost held to this higher standard (by juries).”

Even though the bill aims to shield companies from expensive verdicts by hiding their identity at first, it could potentially backfire and increase liability and damage awards in the trial’s second phase, when all the attention turns to them, Rose said.

“There is a way in which this is throwing the employees kind of under the bus in the name of being nice to corporations and … I find that concerning,” Rose said.

Other critics of the bill said it could make roads more dangerous.

“Everything in terms of our policy, in terms of our laws, needs to be aligned toward safety, not toward danger, not toward putting profits before people,” said Ware Wendell, executive director of Texas Watch, a nonpartisan advocacy group that works to hold insurance companies and other corporations accountable to their customers.

Bay Scoggin, state director of the Texas Public Interest Research Group, said Texas already has some of the most dangerous roads in the country because of high speed limits and high levels of traffic. In 2019, there were 1.26 deaths on Texas roads per 100 million vehicle miles traveled, and the national average was 1.1 fatalities per 100 million vehicle miles.

Scoggin said ultimately, the bill would make it more likely that Texas will have more dangerous vehicles and drivers on the roads.

“It makes the commercial vehicle company less liable for wrongdoing, which creates a perverse incentive to not use the most available safety measures that we have,” he said.

Leach said victims will still be able to receive justice if the bill becomes law.

“The bill also ensures that negligent drivers and the companies that employ them will be held liable for accidents that they cause,” Leach said.

Disclosure: Lyft and the University of Texas at Austin have been financial supporters of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune’s journalism. Find a complete list of them here.

The above post was first provided on this site.

I trust you found the above of help and/or interesting. Similar content can be found on our blog: northtxpointofsale.com Let me have your feedback below in the comments section. Let us know which subjects we should cover for you next.

[afrolesbikita]

Stories & important posts on POS Equipment and POS.

Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news.

People affected by crashes causing bodily injury or death involving commercial motor vehicles would find it harder to win damages from companies under a bill that was approved by the Texas House and is making its way through the Senate.

Commercial motor vehicles include 18-wheelers, Uber and Lyft vehicles, delivery trucks and any other vehicle being used for commercial purposes. The bill’s sponsors say it will prevent excessive lawsuits against companies, while road safety advocates say the bill would make Texas’ already unsafe roads even more dangerous.

Under House Bill 19, when a commercial vehicle owner or operator is sued after a crash, the driver would have to be proven liable in court before a case could be brought against their employer. That means a jury would not learn which company employed the driver unless the trial advanced to the second phase, when damages would be assessed.

The bill passed the House in an 81-49 vote on April 30 and is awaiting a vote in the Senate after making it through the Senate Transportation Committee.

State Rep. Jeff Leach, R-Plano, who authored the bill, said it would protect commercial vehicle operators from “unjust and excessive lawsuits.” Leach said in the bill analysis that in the past decade, the number of lawsuits stemming from motor vehicle crashes in Texas has increased by 118%, while the number of crashes involving severe injury or death have decreased or only slightly increased.

“This bill installs a legal and procedural framework that will protect Texas businesses of all sizes from abuses in our justice system, from abuse of lawsuits that are threatening the very existence of many of our small businesses,” Leach said.

Mary Rose, an assistant sociology professor at the University of Texas at Austin whose research focuses on the legal system, civil damage awards and citizens’ views of justice, said the proposal essentially would protect large corporations from some liability.

Rose cited a study by the Wisconsin Law Review that found that liability verdicts against companies may be lower in the type of trial outlined in the bill because jurors are generally more likely to find a corporation liable for damages than an individual driver.

For example, if a jury knew that a commercial vehicle driver who was involved in a serious crash worked for a large company like Amazon, Rose said, punitive damages likely would be higher because “if (Amazon) has more resources and is able to create a safer environment than a mom-and-pop store … they’re almost held to this higher standard (by juries).”

Even though the bill aims to shield companies from expensive verdicts by hiding their identity at first, it could potentially backfire and increase liability and damage awards in the trial’s second phase, when all the attention turns to them, Rose said.

“There is a way in which this is throwing the employees kind of under the bus in the name of being nice to corporations and … I find that concerning,” Rose said.

Other critics of the bill said it could make roads more dangerous.

“Everything in terms of our policy, in terms of our laws, needs to be aligned toward safety, not toward danger, not toward putting profits before people,” said Ware Wendell, executive director of Texas Watch, a nonpartisan advocacy group that works to hold insurance companies and other corporations accountable to their customers.

Bay Scoggin, state director of the Texas Public Interest Research Group, said Texas already has some of the most dangerous roads in the country because of high speed limits and high levels of traffic. In 2019, there were 1.26 deaths on Texas roads per 100 million vehicle miles traveled, and the national average was 1.1 fatalities per 100 million vehicle miles.

Scoggin said ultimately, the bill would make it more likely that Texas will have more dangerous vehicles and drivers on the roads.

“It makes the commercial vehicle company less liable for wrongdoing, which creates a perverse incentive to not use the most available safety measures that we have,” he said.

Leach said victims will still be able to receive justice if the bill becomes law.

“The bill also ensures that negligent drivers and the companies that employ them will be held liable for accidents that they cause,” Leach said.

Disclosure: Lyft and the University of Texas at Austin have been financial supporters of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune’s journalism. Find a complete list of them here.

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Polaris, Yamaha among businesses urging House to pass the Great American Outdoors Act

A total of 127 outdoor businesses sent a letter to House leadership today urging passage of the Great American Outdoors Act (GAOA). GAOA, if passed, will stimulate the outdoor recreation industry and the thousands of small and large businesses that comprise the growing industry.

GAOA would also create more safe and sustainable recreation access while improving infrastructure for all Americans. The 127 cross-sector companies — included, among others, Airstream, Bass Pro Shops, Brunswick, Cabela's, Columbia Sportswear, Kampgrounds of America, Polaris Inc., Pure Fishing, The North Face, VF Corporation, Winnebago and Yamaha. 

All of them signed on in order to highlight that investments in conservation and recreation are needed to provide business certainty so the recreation industry can get back to what it does best — grow jobs, support healthy communities, economies and people, and provide more opportunities for everyone to benefit from time spent outside.

“Our entire industry continues to spearhead support for GAOA — from skiers to snowmobilers, hunters to hikers, campers to RVers and climbers to motorcyclists,” said Jessica (Wahl) Turner, executive director of the Outdoor Recreation Roundtable (ORR). “Businesses have been making calls, running sign-on campaigns and sending letters. This unity in our business community showcases the incredible things we can accomplish when we work together. The House of Representatives has the opportunity to do something that truly outlasts their time in office and that will benefit the nation for decades to come by passing this once-in-a-generation legislation.”

As a reminder, GAOA would provide a critical boost to what was, before the pandemic, a $778 billion a year industry supporting 5.2 million jobs and accounting for 2.2% of United States Gross Domestic Product. According to Outdoor Recreation Roundtable’s member survey and dashboard of the sector, 94 percent of outdoor industry businesses have experienced a decrease in sales and 88 percent have laid off or furloughed a portion of their workforce. The entire outdoor recreation business community urges the House to pass GAOA before the August recess to revitalize this critical sector of the economy and provide more outdoor opportunities for all Americans when they are needed most.

Full text of the outdoor businesses’ letter and the list of signees is available here and included below:

July 13, 2020

The Honorable Nancy Pelosi

Speaker

U.S. House of Representatives

1236 Longworth House Office Building

Washington, D.C. 20515

The Honorable Kevin McCarthy

Minority Leader

U.S. House of Representatives

2468 Rayburn House Office Building Washington, D.C. 20515

Dear Speaker Pelosi and Leader McCarthy:

The outdoor recreation industry is encouraged by the passage of the Great American Outdoors Act in the Senate and urges clean passage of this landmark legislation through the House as soon as possible. As outdoor recreation business leaders, we know investments in recreation access and infrastructure are vital to the outdoor recreation industry and economies across the country.

Prior to the COVID-19 outbreak, the outdoor recreation industry contributed $778 billion in economic output, accounted for 2.2 percent of United States Gross Domestic Product, supported 5.2 million jobs and was growing faster than the economy as a whole in every indicator. Unfortunately, due to the COVID-19 pandemic and shutdowns necessary to slow its progression, America’s outdoor recreation economy was hindered when we needed the outdoors more than ever. Outdoor Recreation Roundtable’s May survey of the sector shows that 88 percent of outdoor businesses have had to lay off or furlough employees, and 94 percent are seeing decreased revenue. However, we know there is a bright future for outdoor recreation ahead, as several sectors of the industry are already experiencing rapidly increasing demand.

These outdoor businesses are the backbone of our industry and range from specialty retailers, apparel, gear and vehicle manufacturers, outfitters and guides to campground and marina operators. They are often foundational to a community’s economy. With rising unemployment and Americans eager to experience the outdoors, investment in our industry’s core infrastructure – public lands and waters – will allow our businesses to get back to what we do best: stimulate local economies, put people back to work, and allow Americans to benefit from time spent outside.

This is why we respectfully ask you to vote “yes” on the Great American Outdoors Act.

GAOA will fully fund the Land and Water Conservation Fund (LWCF) at $900 million annually, providing more recreation access for communities across the country and fueling more outdoor recreation economic activity. In a nutshell, if Congress invests the intended amount of $900 million into LWCF recreation access projects on local, state and federal lands, it will create much-needed close-to-home recreation opportunities while revitalizing the outdoor recreation economy.

Additionally, GAOA dedicates up to $9.5 billion over the next five years to maintenance backlog projects that have been devastating our public lands and waters. Investing in these projects will improve outdoor recreation-related facilities such as docks, restrooms, campgrounds, trails, roads and more that have deteriorated significantly from decades of underfunded maintenance. As business leaders, we understand the need to make sure customers have good experiences when they visit stores or facilities, it ensures they come back again. Funding the maintenance backlog will also ensure that adequate infrastructure for all types of recreation on our public lands and waters exists so more people who are seeking the benefits the outdoors has to offer can get outside safely and grow our industry sustainably.

Passing GAOA now would stimulate the outdoor recreation industry made up of thousands of businesses that support communities in all 50 states, support rural economies, create jobs to carry out essential work, and provide opportunities for millions of Americans to recreate on our public lands and waters for generations to come. We know this vital legislation is slated for a vote later this month and we urge you to move as quickly as possible to get this legislation across the finish line. Your support of GAOA is a vote for American jobs and health, community resiliency and the outdoor recreation economy. Thank you for your leadership.

Sincerely,

Airstream, Inc.

Allen Harbor Marine Service

Alta Planning + Design, Inc.

American Land & Leisure

ARAMARK

Arc’teryx Equipment Inc.

Areté Structures, LLC

BA Services, Inc.

Bass Pro Shops

Bell Helmets

Blackburn Design

Blue Springs Marine

Boat Owners Association of the United States

Boat Owners Warehouse

Boats Incorporated

Brunswick Corporation

Burton Snowboarding

Cabela’s

California Land Management

CamelBak

Camperland of Oklahoma

Chaparral Boats, Inc.

CHM Government Services

Chris-Craft

Clark Marine

Cleveland Boat Center

Columbia Sportswear

Correct Craft

Creative Pultrusions

Crestview RV

Dee Zee, Inc.

Delaware North Parks and Resorts

Eagle Claw Fishing Tackle

FB Marine Group

FERA

First Lite

Forest River, Inc.

Forever Resorts

Formula Boats

Fort Sumter Tours

Freedom Boat Club

Galati Yacht Sales

Giro Sport Design

Glacier Guides & Montana Raft

Grand Design RV

Guest Services, Inc.

Hagadone Marine Group

Handout Gloves

Head USA

Hellwig Products Company Inc.

Hemlock Hill RV Sales

Hipcamp

Hoffmaster’s Marina

Hornblower Cruises and Events

Indian Lake Marina, Inc

Indmar Products

K2 Sports

Kampgrounds of America, Inc.

Kawasaki Motors Corp., U.S.A.

KEEN, Inc.

Lakeview Marine, Inc.

Leaird’s Underwater Service

LKQ Corporation

Magic Tilt Trailers

Malibu Boats, Inc.

Marina Holdings

Marine Center of Indiana

Maverick Boat Group, Inc.

Morningstar Marinas

Mount Dora Boating Center

N3 Boatworks

Nantahala Outdoor Center

National Outdoor Leadership School

Newmar Corporation

Norfolk Marine Company

Oasis Marinas

Outdoor Research

Patagonia

Petzl America

Plano Synergy

Polaris Inc.

Port Harbor Marine

Priority RV Network

Pure Fishing

Quality Bicycle Products

Rapala USA

Recreation Resource Management

Red’s Meadow Resort

Reed’s Marine, Inc.

Regulator Marine, Inc.

REI

Rendezvous River Sports

Rhino Marking & Protection Systems

Rock Creek Lodge

Santa Barbara Adventure Company

Scuba Educators International

Seirus Innovative Accessories, Inc.

Shimano North America Fishing

Simms Fishing

Skyjacker Suspensions

Smoker Craft

SpiritLine Cruises

SRAM LLC

St. Croix Rods

Subaru of America

Sun RV Resorts

Superior Boat Repair & Sales

Suzuki Motor of America, Inc.

The North Face

The Sportsman

Thor Industries

Tiara Yachts & Tiara Sport

Trek Bikes

Turn 14 Distribution Inc.

VF Corporation

Vista Outdoor

Volvo Penta of the Americas

WARN Industries

Western Spirit Cycling Adventures

Westrec Marinas

WET River Trips

Wildwater River Guides

Winnebago Industries

Xanterra Travel Collection

Yamaha Rightwaters

Yogi Bear's Jellystone Parks

Zebco Brands

The Outdoor Recreation Roundtable promotes the growth of the outdoor recreation economy and outdoor recreation activities and is the leading outdoor recreation coalition with 32 member associations serving over 100,000 businesses. ORR’s members represent America’s hunting, fishing, RVing, biking, hiking, camping, ATVing, diving, horseback and skiing communities among many more.

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