While entertainment expense deductions are all but gone for small businesses, they may still write-off company picnics and similar outings. In fact, this write-off is exempt from the usual 50 percent limit on entertainment expense deductions. Background: Prior to the TCJA, you could deduct 50 percent of the cost of entertainment
Business accounting is a challenging game, and QuickBooks makes it easy on so many levels for its users. It comes up with a plethora of features that automate the generation of reports, filing of taxes and forms, creating invoices and bills, etc. However, a part of it requires manual expertise
When it comes to making choices about technology, the key to success is embracing the right tools, which accountants have been largely reactive in doing. During his energetic AICPA Engage talk, Ford Baker and his colleague, Joe Abesamis, discussed a major hurdle faced by accountants: the fact that accounting is
New entrepreneurs encounter uncharted territory as they navigate all they must do to create their legal business entities. I’ve no doubt that you’ve fielded many questions from your clients who aspire to become business owners. Understanding the paperwork required to start a company is one of many things your clients
The Los Angeles art dealer Douglas Chrismas has surrendered to the F.B.I. and a trial date has been set for September.
In 2020, auditors had a get out of jail free card in dealing with the newness of remote work and the impact on personal and professional lives, but not when it came to producing the high-quality work we always do. Like so many other industries, these changes created challenges, but
Sage has launched Sage 20 for 20, an accountant accelerator program designed to provide partners with solutions and resources essential to grow and scale their business. Specifically, in exchange for 20 customer referrals a quarter, participating partners will have exclusive access to a cloud tech stack for firm growth and
The recurring theme during many accountant-focused sessions at AICPA Engage, and the profession itself, is that change is not “coming” it is here. During their live session “Navigating the Future: Disruption Map Exercise to Future-Proof Your Firm,” Kacee Johnson, Senior Director of Strategy & Innovation at CPA.com, and Lisa Simpson,
If your clients are paying a facility or person to watch their kids this summer, they may be in line for the dependent care credit, commonly called the “child care credit.” What’s more, the new tax law enacted earlier this year—the American Rescue Plan Act (ARPA)—increases the tax benefits. But
Built on the practices and principals you’ve come to know from us, AccountingWEB Live Summit is designed to bring accounting professionals and the accounting technology sector together in a meaningful way to help attendees and vendors alike grow their business. The Summit is based on the same strategy we’ve long had