The recent Tax Court case Gonzalez, TC Summary Opinion 2022-13, 7/18/22 found that it is indeed OK to deduct vehicle expenses related to a side-gig, as long as the filer follows strict rules. Generally, expenses relating to use of a car, van, pickup or panel truck used for business are deductible. For
While there are many ways to look at capacity, most firm leaders agree they don’t have enough people to properly serve the number of clients they have. How about, instead of talking about getting rid of clients to solve our capacity problems, perhaps we need to talk about revenue replacement.
Private equity firm Vista Equity Partners today agreed to acquire global tax compliance player Avalara in an all-cash deal worth $8.4B. The Seattle-based cloud tax compliance platform was founded in 2004 and made a reputation for itself offering transactional tax compliance services, partnering with ERP, accounting, ecommerce and other financial
We’re in the middle of 2022. Have you made the changes necessary to go from a good partner to a great partner? The year is half over, and it’s time to push yourself to be the best leader possible. How? I’m going to share some insights into how you can
I recently wrote an article about how to implement conference lessons for lasting change. If you haven’t read that I would encourage you to do so, as this is somewhat related to that content. CPA firms are inundated with a large number of technology offerings on an almost daily basis.
The self-employed often come to CPAs for business advice, so why not retirement planning? As the number of entrepreneurs grows, CPA firms can grow with them by providing needed personal financial planning advice. There are about 16 million workers in the United States who consider themselves to be self-employed now, up
Opinions expressed by Entrepreneur contributors are their own. Bookkeeping is the foundation for all small business insight. If you’re running a small business, you’ve got to make it habitual. All too often, bookkeeping is put aside by small business owners to tackle the most pressing matter of the moment. If
The Financial Accounting Standards Board, a private organization run by a seven-member board, determines how quarterly and annual profits are calculated.
I firmly believe that if it were not for my firm’s ability to think outside the box and pivot – expanding our offerings from our core bookkeeping functions into a full-service firm, embracing innovative technology, and partnering with other businesses that complement our services – we wouldn’t be in the
A climate and tax bill could give a lot of power to an organization called the Financial Accounting Standards Board.