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Blog Articles & Video Accounting

The CPA’s Guide to Health Care: 2021 Update

In the immediate aftermath of a global pandemic, it makes sense that health care is a hot topic. A new presidential administration is making short work of Trump-era health care rollbacks, while at the state level Illinois is seeing a push to make health care more equitable. There are also

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Determining the Tax Basis of a Decedent’s Home

Most people’s estates are too small to be charged estate tax. According to the IRS, in 2021, only estates worth over $11.7 million are liable for estate taxes. Many states don’t have an estate tax or inheritance tax for homes or any other assets of a decedent, regardless of their value. However, when

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How to Recover Lost Quicken Data | Process Explained

Quicken helps its users to carry out the major accounting tasks with great ease and efficiency. The users also trust the software to carry important company data in the application and to safeguard it; Quicken has an automatic backup feature that creates the exact copy of the Quicken data file

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5 Ways to Turn Your Side Hustle Into a Career

Let’s face it: We are done about talking about the pandemic. We’re exhausted. The last 16 months or so have turned our entire worlds upside down. From quarantines to rapid testing, we want a break from the news and we want a little more joy in our lives. Part of

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Intelligent Document Processing in Accounting

Despite today’s digital-first world, for many accountants, document processing and management remains as challenging and archaic as not having a work email for daily communication. The public sector is especially susceptible to manual document processing challenges with legacy systems and tools unable to keep pace and handle any unexpected influx

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Accounting Seed Updates Financial Reporting Tool

Accounting software maker, Accounting Seed has implemented a new version of its Financial Reporter product, which is now fully integrated with the Salesforce Lightning user interface (UI). This upgrade also brings significant updates to the platform’s standard and custom reports, enabling users to easily access, navigate, update, and export financial

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Can Freelancers Still Put Average Income on Taxes?

I receive tax queries from fellow freelance writers and from wannabes, that is, would-be writers. Most of the questions they send are pretty much the same. Does the IRS agree that they can claim deductions in 2021 for 100 percent of certain expenses? Or permit them to take deductions in

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Why Accounting Is Still an In-Demand Profession

Whether you’re just starting out on a career path in the accounting and finance profession or considering your next career move as an accountant, you’re in luck. According to a report by the U.S. Bureau of Labor Statistics (BLS), over 14,000 jobs in accounting and finance were added in May. At the

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What Do New Accountants Need to Be Successful?

Accountants come in all flavors. Some have excellent organizational skills, while others work at desks that indicate they’re comfortable with chaos. Some pepper their conversations with IRS statutes or FASB lease standards, while others prefer to take a big-picture view, knowing they can look up the details when needed. Every

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