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Blog Articles & Video Accounting

How Clients Can Prepare for the Talent Shortage

Talent is in short supply these days. Forbes mentions that talent shortage in the US is at a 10-year high. There are several reasons this has happened, from a lack of adequately trained employees to take over from retirees to simply not enough good remuneration packages. Talent shortage might not

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Medical-Expense Deductions for Disabled Persons

Accounting WEB wants to remind the accounting community that October was National Disabled Employees’ Month. Ditto for next October and succeeding ones. I want to help Accounting WEB emphasize that reminder. Accounting firm’s client rosters typically include individuals with disabilities. Clients who are disabled or have family members with disabilities

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Labor Department finalizes rule on tip credits for employers

The U.S. Department of Labor issued a final rule Thursday that aims to set reasonable limits on the amount of time that tipped employees, such as waiters and waitresses, can spend in non-tipped activities when the employer receives a tip credit. The rule clarifies that an employer can only take

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IRS Restricts Disaster Writeoff for Married People

Just joining us? To better understand part three, go to parts one and two for their discussions of basic rules on deductions for casualty losses available to property owner Hester (Internal Revenue Code Section 165). To qualify personal-use property for write-offs, Hester has to satisfy two stipulations. First, her losses

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How to Fix QuickBooks Payroll Error PS060

In rare circumstances, you might get QuickBooks Error PS060 that displays an error message “Current Enhanced Payroll Service is Unavailable”. QuickBooks Payroll Error PS060 not only affects payroll updates but also obstructs other payroll activities like payroll tax calculation and paycheck creation. This error is commonly mistaken with other server

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QuickBooks Cannot Verify Payroll Subscription Error PS036

Error PS036 is a common error faced by QuickBooks Payroll users. This error occurs in QuickBooks payroll very often as numerous reasons can trigger this error in the application, once you encounter QuickBooks Desktop error PS 036 it interrupts the update of your payroll to the latest tax table and

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Tax Burden for Marketplace Facilitators is Rising

Marketplace facilitators in California and Texas will soon be responsible for other fees on top of remitting sales tax on third-party and direct sales. On and after July 1, 2022, a marketplace facilitator (called a “marketplace provider” in Texas) that processes sales of or payments for lead-acid batteries in Texas must

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What is Sage Error 43? (With Steps to Fix it)

Unlike other accounting software, Sage allows users to keep the data file on the cloud to work on the business data simultaneously. This feature helps improve the organization’s productivity and provides flexibility to work on business data as the data can be accessed from any location. We cannot also deny

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Want to Quit Accounting? Reassess Your Success

Being an accountant or CPA in private practice has just become too hard for many folks and if you are one of them, I can completely empathize with you, because I have been there, too. There was a time in my career when I was in a really toxic business

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