Opinions expressed by Entrepreneur contributors are their own. Taxes aren’t just a once-a-year phenomenon. Filing taxes begins with a plan and a daily routine. If your goal is to learn a language so you can visit a foreign country, learning in small, easy-to-digest segments makes it easy to absorb and
Opinions expressed by Entrepreneur contributors are their own. While there are other benefits, one of the most important reasons you’re in business is to make money. And it stands to reason that if you’re in business, you’d like to keep as much of what you generate as possible. That could
“What now?” is a question many families are asking, especially those who began receiving expanded child tax credits at the federal level only to see them not be renewed by Congress at the end of last year. The short-term economic and societal benefits of the federal government’s expanded 2021 child
A new Tax Court case, TC Memo 2022-72, 7/12/22, addresses the question: when are “deathbed gifts” considered to be complete for estate and gift tax purposes? Background: There are two powerful tax law provisions that can help most taxpayers completely avoid federal estate tax or, at the very least, cut it
Even after 12 years in the North American market, Xero still sees itself as a challenger brand and it begs the question, how different are they? In the 20 years I have covered the accounting profession and related technology, you realize that accounting platfoms are inherantly not all that different
At its first partner event in the US in over three years, Xero took to the keynote state to advocate partner commitments and share new products. In a market it has long been challenged in, Xero has built what one would describe as a loyal following, one that appears to
New research from client engagement platform, Ignition, quantifies the financial and mental cost of avoiding or delaying awkward client conversations in accounting, and the professional services industry in general. Specifically, the research found that by putting off awkward client conversations, 40 percent say their mental health has suffered as a
Our goal in this article is to help the tax professional’s planning by noting significant tax provision effective dates over the next few years. First, let’s discuss tax provisions with broad applicability: The Tax Cuts and Jobs Act (TCJA) enacted in December, 2017, reduced the individual tax rate schedule. For
While neither Sage nor Lockstep disclosed the terms of the purchase, which is anticipated to be completed in September, it is unlikely to have come cheap given that Lockstep conducted a $10M Series A raise in February 2021, with a further $2.5M injected by American Express Ventures in August 2021.
Many CPAs don’t realize how everyday tasks can easily expose them to malpractice litigation. The causes of litigation are well known, and so too are the mitigation techniques that prevent it. Some mistakes happen despite your best efforts to prevent them. Some of the more frequent mistakes include the following: Generating