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Blog Articles & Video Accounting

QuickBooks Recurring Invoice | A Complete Guide

QuickBooks is an accounting and bookkeeping software that comes along with the feature of creating and maintaining your recurring invoices. A Recurring Invoice is an invoice that is sent to your customer in regular intervals of time. Sending this manually every time can become a huge task, and here comes

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How to Use Tech to Increase Your Firm’s Efficiency

“Touch it once” is a key principle in efficiency. It boils down to the idea of essentially handling things as they come across your desk. When I learned this principle, it was reinforced by a client who said, “The only way you can touch something once is to put it

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7 Ways to Build a Better CPA Marketing Budget

COVID-19 shook the global marketplace. Overnight, businesses large and small had to find their footing in a radically adjusted world — with no clear roadmap for success. While some firms struggled, others found ways to thrive. As priorities shifted, how we communicated with clients and prospects changed as well. Now,

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How to Prospect to Your Firm’s Niche

In an ideal world, once your firm selects a niche, your target clients would pop up and come to you. But in reality, you need to go to them. I’d like to share the steps we take to prospect and tweak them to apply to a CPA firm’s ideal clients.

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What IRS Forms Are Right for Freelance Writers?

Your freelance writer clients will always have write-off questions for you. As such, here are some pointed answers in the final article in this series on the correct forms to use for royalty reporting. A recent question came in from a freelance writer, claiming that some of her fellow self-employed

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The Pros and Cons of Buying Real Estate as an LLC

Investing in real estate is a great way to build wealth, and it’s a strategy that is increasingly used by businesses, rather than individuals. Because of this trend, many individuals who are interested in investing in real estate for the first time may be wondering whether they should buy an

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Don’t Panic! 3 Ways to Fix “MYOB Error 9004”

MYOB is a business tool that lets its users create and manage payroll, accounting, POS, and tax operations. Users often confront technical bugs when operating the application. “MYOB Error 9004” occurs while a user tries to run the accounting data in MYOB. The text that usually appears with the error

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Tax Court Backs IRS Offer In Compromise Rejection

The Tax Court recently upheld the IRS’s rejection of an attorney’s “offer in compromise” (OIC) as it was seen as an unreasonably low offer. For a quick review, an OIC is an agreement between a taxpayer and the IRS settling the taxpayer’s tax liability for less than the full amount owed. If

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Sales Tax Rules on Digital Sales Need to Be Sorted

Whether digital goods are subject to sales tax sometimes depends on who you ask. Regardless, states need to sort out sales tax policies on digital products sooner than later. The following case, which focuses around decisions being made in Mississippi and their Department of Revenue in particular, illustrates why states need

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