As a CPA, you’ve likely helped many clients create their own lasting legacy. You’ve helped clients save money on their taxes, increase their wealth and grow their businesses. However, have you taken the time to think about your own lasting legacy? Your lasting legacy can go beyond a succession plan.
Many neighborhood accountants have clients who own well-established, local businesses, like the dry cleaners or a popular veterinary practice. They might plan to continue working for the rest of their lives because they love what they do. Their business may have substantial underlying value. As an accountant, you can help
Simply knowing that there are different sales tax rates in different states is merely the start of your sales tax calculation journey. Most states allow for local option sales taxes, and different states tax different categories of items at different rates. Welcome to Arab, Alabama, which has in the past held
Rachel Fisch never thought she would work for another accounting firm after she landed a job at Sage, but that changed when High Rock Accounting came calling. Fisch, a certified public bookkeeper, was working as a product manager for Sage when Liz Mason, CEO and founder of High Rock, reached
Devising our first-ever live event specifically for accountants that had a mix of the expected and unexpected was no small task, but it’s a challenge we took on long before our vision for AccountingWEB Live Summit: This is something we live every day. When we decided to create a conference
Although there’s comparatively less sales tax fraud in this country, there are plenty of fraudulent sales — and some lawmakers think it’s time marketplace facilitators help prevent it. To help prevent someone from selling stolen goods on a marketplace, California and several other states want marketplaces to obtain and share
This two-part series will be devoted to the twists and turns in the rules that govern sales of investments to “related parties” (Internal Revenue Code Section 267). In most cases, the tax code allows an investor to claim losses on her investments when she sells them. But I remind investors
The tax professional generally needs to understand the basics of the R&D tax rules or risk overlooking benefits due to the taxpayer. While there are still tax credit benefit issues to understand with R&D, we are also, surprisingly, looking at new restrictions on current deductibility. Which Clients May Be Affected?
In addition to the fantastic networking opportunities and engaging content agenda you’ll find at the AccountingWEB Live Summit this May in San Diego, we also have exhibit halls filled with vendors who offer the latest technology that will solve your problems and help you work more efficiently. This week, we spoke with
In CPA professional liability cases, too often we see a disconnect between what CPAs understand their roles to be and the client’s view. Consider the following. (The scenario presented is fictional, but it is based upon actual issues and recurring themes found in professional liability cases.) A CPA’s longtime friend