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Blog Articles & Video Accounting

Xero Running Slow! Solutions Simply Answered

Xero running slow is a common query searched by the users of Xero accounting software on any search engine. Many users state some weird reasons, scenarios for this issue to occur. In the same way, users also try solutions that do work for some but not for everyone. This article

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Avalara Offers Managed Tax Category Classification

Avalara’s new Managed Tax Category Classification is built to generate classification decisions and aid in state and local taxability determinations for businesses’ U.S. product catalogs. When businesses introduce a new product or service, it must be classified into the correct tax category. With more than 13,000 sales and use tax

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What Are Non-Fungible Tokens (NFTs)?

Imagine I asked you to buy a digital copy of a painting I created and then burned. Perhaps you would be interested in my singing abilities and would buy a sound clip that I would record and put up for sale for a few hundred dollars. If you purchased any

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How Biden May Change Inherited Asset Sales & More

Just joining us? We invite you to go back to part one. It focused on the tax rules for profits from sales of personal residences. Part two discussed President Biden’s proposal for long-term capital gains. He hopes Congress will replace the present top rate of 20 percent for profits from

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5 Ways an M&A Can Help Your Firm’s Growth Strategy

Mergers and acquisitions can be a great way to quickly grow your accounting firm, but the strategy comes with challenges. Combining two accounting practices can easily result in many new issues that did not exist before. Operating in multiple markets, a larger and more diverse customer base, a more complex

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New OnPoint Cloud-Based Audit Solution Released

OnPoint Audit from CPA.com and CaseWare was built to provide an efficient workflow that reduces manual data entry and redundancies and permits transparent collaboration between colleagues and their clients. Hosted on CaseWare Cloud, OnPoint Audit is the newest solution added to the OnPoint suite of audit and assurance products, offering firms

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How to Balance Helping Clients & Making a Profit

Contrary to popular thinking, “fear” isn’t the only reason accountants and bookkeepers sometimes undercharge for services. Sometimes we choose to undercharge as part of a business strategy. Sometimes we undercharge because we don’t understand our own value. And sometimes we undercharge because the sure “yes” at a lower fee is

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Become Your Own Accountant with This QuickBooks Training

Take a deep dive into payroll, bookkeeping, and much more. Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. July 19, 2021 2 min read Disclosure: Our goal is to feature products and services that we think

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CPAs and Automation in SOC 2 and IT Audits

The traditional way of doing IT and SOC 2 audits is going away, and it’s happening really fast, but that doesn’t mean CPA firms can’t adapt and enhance their practices, deliverables and value. Below are some tips on what’s happening and how CPAs can indeed embrace it. What’s Going on Out

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What is QuickBooks Error 1625? Solutions Simply Answered

Most businesses choose QuickBooks as their primary accounting solution because of its helpful features and timely updates. It has made a name for itself in the industry owing to its unparalleled innovation and easy-to-use interface. Its installation and setup are pretty easy too. However, sometimes users face an unprecedented issue

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