This week, payroll and HR provider OnPay launched The Ledger, a new resource center to help accountants and bookkeepers better serve their small business clients. OnPay’s internal research shows that more than 60 percent of small business owners consider their accountant to be their most trusted business advisor. To make
My relationship with him is the most positive one I’ve ever had with a man over money.
With the recent explosion of remote work due to the COVID-19 pandemic, qualified accountants have more opportunities than ever before. Remote work allows organizations to tap into talent across the nation. It’s broadened candidate pools and increased market competition for top talent. This allows highly qualified candidates to secure higher
At some point, your small business clients may find that the entity type they chose initially may no longer serve them well. As companies grow and evolve, their needs and priorities may change. How can you help your clients assess their situation and determine whether their current business structure is
After contentious debate in Congress, President Biden finally signed the $1.9T American Rescue Plan (ARP) into law on March 11. The final version of the American Rescue Plan contains a bevy of tax-related provisions for individuals. Here are six tax breaks of particular interest to many taxpayers. 1. Cash
Fujitsu Computer Products of America, Inc. has introduced its ScanSnap iX1600 now with ScanSnap Cloud, which with a variety of popular cloud services for accounting firms and business ScanSnap customers. This offering allows users to digitize, save and organize documents, business cards, receipts, photos and more to the cloud service
President Biden spoke of reducing the gift tax exemption levels to $3.5 million, perhaps even $1 million for lifetime transfers, plus an increase in the top tax rate to 45 percent. Even under current law, the post-2025 gift tax exemption is scheduled to drop to $5 million as adjusted for
Good salespeople often make lousy administrators. You’ve seen it all before. A client had a great idea. They started a business. It took off. It grew and grew. The inventor has no idea how to manage a business. It’s time to introduce another of your business advisory service: Management consulting.
There is a lot of misunderstanding surrounding constructive receipt of income. For example, in my office I close the office in late December, put my mail on hold, and when I come back in and have received a few checks, the question is: Did I constructively receive that income or
Virtually every industry has been impacted by COVID-19, and accounting has certainly been one of them. The Hinge Research Institute’s newly released analysis of the Accounting and Financial Services segment of the 2021 High Growth Study reveals the trends that have affected the industry as the economy underwent significant changes