As you start thinking about next tax season, consider this: A timely client conversation could change the trajectory of your year and your firm. We’re living in an era of constant change and often, chaos. For most, any chance to bring some structure and rhythm to the day-to-day challenges of
Every June, people around the world celebrate the LGBTQIA+ community and actively recognize the challenges, from the personal to the financial, as well as the discrimination and prejudice they face on a daily basis. AccountingWEB is proud to be an ally of the LGBTQIA+ community, and part of our mission
It’s prime conference season–and for many of us, it’s vacation season, too. As exciting and energizing as it is to attend a professional conference or a new destination, it can also be anxiety-inducing for those of us who run our own firms. Just getting your workload and personal life under
With available proposal management software, accounting firms can leverage artificial intelligence (AI) and automation tools to accelerate their digital transformation plans. Through this cloud-based software, firms can decrease non-billable hours spent on proposal development, encourage client-centered team collaboration, and gain important insights from key data analytics to better understand what
As many accounting professionals know, innovation in business often trails innovation in the consumer experience. Businesses typically make changes based on consumers’ expectations, but accountants must think about how to survive given that innovation is happening more quickly than their firms can change. That’s according to Michael Ly, CEO of
As expenses like energy and groceries continue to rise at double-digit annual rates in the United States, some investors might be wondering whether cryptocurrency can be used as a hedge against inflation. The answer is more nuanced than you might think and depends on whether cryptocurrency like Bitcoin is being
While the future of accounting work will undoubtable become be more automated, changing people’s habits and mindsets takes time and vendors must find a better way to communicate the value they generate. It’s a slate-grey spring morning in a hotel meeting room, where a well-spoken young man from a software
Internal Revenue Commissioner Charles Rettig announced on June 9th that there’ll be increases in the agency’s mileage rates for 2022 taxes, a decision that coincided with members of Congress surmounting partisan differences and clamoring for increases. The changes are just for the final 6 months of 2022. There aren’t any
Our partial gift focus herein, which tends to be relatively simple, involves transferring an interest in a residence to a qualified charity after you pass, or after a term-of-years. Assuming a couple, the retained interest could reflect both lives. Multiple lives in the actuarial calculations, of course, reduce the up-front
Tax season demands so much of us, how are we supposed to set boundaries with ourselves and our clients so they respect our time? When you work too much, you actually reduce your productivity. This results in working longer hours, building up more stress, and feeling resentment towards the work