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Blog Articles & Video Accounting

Here are Easy Methods to Fix QuickBooks Update Error

Errors while updating QuickBooks Desktop are quite common and can appear anytime in the application during various operations. QuickBooks Update error can also affect the QuickBooks Desktop features like payroll, and once you encounter any of such update errors, the application won’t allow you to download or install any updates.

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An Accountant’s Guide to Post-Pandemic Growth

The past year has been a wild ride for most firms. Some have done exceptionally well, while others have struggled to hold onto clients and develop new business. Without travel, in-person networking and other traditional business development activities, firms have had to pivot to video conferencing, social media and other

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Why Accountants Need HR Benchmarks

The hunger for counsel among small business clients presents accountants with the opportunity to advise them in a variety of nontraditional areas such as HR. In fact, an ADPRI survey from March 2019 revealed that 62 perrcent of business owners want to receive HR & talent management insights from their accountant.  Accountants and

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Gift and Estate Tax Valuation Essentials

While personal and corporate income tax tends to receive most of the media attention, it’s important to remember that gift and estate taxes can also have a profound impact on an individual’s long-range financial planning. Upon performing a valuation of shares of a closely held entity for gift and estate tax

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Tax Court Stalls Promo Deduction for Hobby Expense

A new Tax Court case, Berry, T.C. Memo. 2021-42, 4/7/21, flagged a six-figure deduction claimed by construction business owners for their race car expenses. In some cases, a business will go outside the scope of usual promotional and advertising expenses—like signage, media or online marketing, printed materials and the like—to engage

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Avalara Enhances Beverage Alcohol Solution

For accountants with clients that sell or distribute alcohol beverages, Avalara Inc., a provider of cloud-based sales tax compliance automation, has released Avalara Shipping Verification for Beverage Alcohol (Avalara Shipping Verification). Avalara Shipping Verification is a new enhancement to Avalara for Beverage Alcohol, which provides a complete solution for direct-to-consumer (DTC)

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5 Tips for Refreshing Your Digital Marketing Copy

Today’s digital marketing campaigns run on quality content. The challenge is maintaining both quality and quantity. You need to be posting valuable pieces on a regular basis, but who has the time to be constantly generating topical, informative, articles and blog posts that will draw your target audiences? Let’s face

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How the IRS Can Help With Sales Tax Tables

In case you just joined us, here’s a recap of the previous three columns. Part one explained that Form 1040’s Schedule A allows itemizers to deduct state and local income taxes or to deduct state and local general sales taxes. They can’t write off both in the same year (line

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