Many clients go on cruise control after Thanksgiving. As the holidays approach, their minds are elsewhere, and they put off making financial decisions. They may say, “Call me in the New Year.” As an accounting professional, you know that December 31 is one of several hard-stop deadlines in your business.
Starting and running a business means making countless decisions. One that is often overlooked is choosing a registered agent. One of the many important duties a registered agent performs is notifying company management when a lawsuit is filed against the company. With small businesses incurring over $180 billion in civil
CPAs and accounting professionals in general should be aware of auditing best practices during the pandemic to avoid common pitfalls such as a lack of communication, the inability to audit in person and changes to the tax code. Increased Uncertainty The pandemic has increased financial uncertainty worldwide. Thus, CPAs and
The Institute of Management Accountants said Wednesday it would drop out of an accounting conference in Singapore that it was scheduled to participate in later this month, one among several groups to withdraw because of the involvement of Myanmar officials after a military coup overthrew the democratically elected government earlier
It’s no surprise that clients expect their accountants to advise them how to take full advantage of often-overlooked strategies to lower their taxes this year and provide head starts for future years. Ditto for advice on how to steer clear of pitfalls. A proven way for accountants to display expertise
If “data is the new oil,” is cloud accounting software the pipeline to access this untapped resource? Should accounting professionals be concerned about the ability to tap into (and mine) data that was previously siloed on individual desktops and servers of SMBs? Are we ethically obligated to alert clients to
QuickBooks is an Intuit developed accounting software which is quite useful for small to mid-sized businesses in handling the financial data. QuickBooks Desktop is the most sought after product, but errors due to damaged QuickBooks can come in the way of smooth working of the desktop application. Reinstalling QuickBooks Desktop
Bill.com is rolling out a series of new product features that expand Bill.com’s ability to be the all-in-one financial operations platform for small and midsize businesses and accountants. New features that increase visibility and control include: Custom Dimensions for Sage Intacct: Going live in early 2022, custom fields can be
Launching a new service, such as advisory, for your accounting firm can be scary, but if you’re seeking out new customers, it could be one of your best options. Reconciled’s Michael Ly explains. Phase One: Explore You’ll begin by figuring out where your firm can get involved in something new.
QuickBooks is the most prevalent bookkeeping application; because of the high degree of reliability, it provides. Despite being the most trusted name in accounting software, in certain instances, QuickBooks catches errors. One such error that we are going to clarify in this article is QuickBooks Abort Error message that request