SandMartin Blogs
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29 Oct 2020The Coronavirus pandemic has brought unprecedented challenges to numerous Third Party Administrators across the globe. The open enrolment season is all set to take off from November 01 for 2020 health insurance coverage. Being overloaded with multiple tasks, the TPA firms are facing a shortage of talent for seasonal jobs like open enrollment. On an …
Continue reading “Give a head start to the Open Enrollment Season 2020”
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06 Jul 2020Outsourcing – A Key to Growth for US Third-party Administrators During the Crisis Covid-19 has posed a new set of challenges for US Third Party Administrators. We recognize that TPAs are undertaking some difficult decisions regarding their workforce, claims administration and client consulting. Overwhelmed with the influx of work related to new and existing benefit …
Continue reading “COVID Proof your TPA Practice with SandMartin Offshoring Solutions”
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06 Jul 2020The Past. The Present. The Future. SandMartin is embracing the challenges of UK Accounting Industry reforms and has the resources required to help small to large sized accounting firms thrive in these new conditions. Accountants are working long hours in processing furlough claims work and responding to the perpetual client queries about Government-backed financial support …
Continue reading “Recession-Proof your UK Accounting Practice with Quality Offshoring Solutions”
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01 Dec 2020Yes, you read that right – tax season is around the corner yet again. The 2020 tax season was one for the record books, with changing deadlines (7/15), rules (ex: CARES Act), and more brought on by the COVID-19 pandemic. 2021 will have its own complexities and challenges. It’s always the busiest time of year …
Continue reading “How US CPAs can Prepare for the 2021 Tax Season”
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19 Nov 2020Tax return season in the UK is mostly the nerve-racking one for the Accounting firms. 2020 has added additional havoc with the extension of nationwide lockdown and economic hardships due to COVID-19. Due to political and other reasons tax authorities are under pressure, have tightened enforcement and penalty policies. Ever changing and increasingly complicated tax …
Continue reading “UK Tax Season 2021: Why Outsourcing is the Key”
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03 Nov 2020COVID-19 is reshaping economies and societies, abruptly forcing many of us to rethink the way we live and work. This includes Benefit Administrators, who must continue to adjudicate medical, disability etc. claims in a fair and consistent manner amid the pandemic. Learn How Third-Party Administrators can Sail Through the Upcoming 2021 Claims Administration Season. Yet …
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26 Oct 2020It is no wonder why many accounting practices across the UK get exhausted, considering that they are bogged down with petty tasks, such as bookkeeping, taxation and payroll, which are time-consuming and not much profitable. In order to survive the fierce competition and to stay on top of it, accountancy practices do not only have …
Continue reading “Charity Accounting Services for Accountancy Practices in the UK”
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29 Sep 2020A Sage research report suggests that 83% of accountants say their clients demand more today than five years ago and 67% feel the profession is more competitive than ever. Succeeding in this new environment requires firms to find ways to not only deliver standard compliance or reporting services more efficiently, but to also increase their …
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21 Sep 2020Tips for managing your cash balance plan
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11 Sep 2020The year 2020 has emerged as one of the most challenging years in recent history, with the whole world responding and looking to recover from the health and economic challenges posed by the COVID-19 pandemic. COVID-19 has impacted every industry, causing businesses to revise budgets, amongst many other operational matters, in order to manage the …
Continue reading “A Look into the Future of Accounting: How US CPAs can Become Future-Ready”
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10 Sep 2020Third-Party Administrators are playing a pivotal role during times of economic stress by helping employers, companies, and households manage health & retirement plans as a cushion against losses. In this blog, we have talked about the TPAs “Mantra” for thriving in the Pandemic. However, they have been exposed to many practical & regulatory challenges set …
Continue reading “TPAs “Mantra” for thriving in the Pandemic”
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26 Aug 2020The financial downturn is causing widespread concern and increasing economic hardship for consumers, businesses, and countries around the globe. CPAs are grappling to deal with their business continuity plans and facing challenges relating to recoverability and impairment of assets, accounting for financial assets, preparation of forward looking cash flow estimates, contract modifications, government interventions and …
Continue reading “How US CPAs can Navigate & Lead throughCovid Implications”