Compliance season is fast approaching, and it may have you questioning what new technology you can implement right away to ease some of the frustration from prior seasons. But from personal experience, demoing the latest and greatest technology is not how you are going to make your office more efficient this
Workplace trends had been moving toward a remote and hybrid workplace for years, but the COVID-19 pandemic accelerated that shift exponentially. The needs of your firm and each individual may be unique, but there’s a universal need for people who know how to balance today’s demands while leading their teams to
Tax laws have a tendency to change how we, as accountants, do business. Recent rises in inflation have led the IRS to raise the federal income tax bracket levels. According to CNBC, these changes may mean that those who earn more money may pay less in taxes as a result.
I have provided tax planning to clients for the past 15 years. There are many ways to do tax planning; however, finding ways to put tax-free money into my clients’ hands has been the best approach. Here are some tips to help you do the same for your clients. Should I
For CPAs, perhaps the biggest learning from the pandemic is that collaboration – both with other CPA firms as well as other professions – is a long-term strategy for success. CPA firms face multiple challenges, including increased national and regional competition and their geographic distribution, which puts a strain on
While many businesses treat employees as disposable, the most effective accounting firms recognize that employees are the firm’s most valuable asset. Accountants tend to be intelligent and thoughtful. Therefore, leveraging your team’s skills is wise. However, you must be able to delegate to them while still being able to monitor
If you’re just joining us, parts one and two of this series covered medical-expense deductions for people with disabilities and IRS restrictions on deductibility of costs associated with schooling children who have physical or mental disabilities. Part three discussed the profit exclusions that allow home sellers to avoid federal and state
The American Rescue Plan Act (ARPA) of 2021 has a provision for businesses that you may not be aware of, and it certainly seems to be making waves across the internet lately. In fact, the Internet Association even wrote a letter to Congress protesting it. Section 9674 of ARPA amended
You’d be hard-pressed to find an accounting firm that isn’t interested in winning new clients. Established firms often benefit from referrals, word-of-mouth business and name recognition. However, attracting and retaining new clients when you’ve just opened your firm can pose a challenge. New firms and sole practitioners usually have limited
Are your interactions with clients so smooth that you don’t really think about it? Or do you have hiccups in the client experience? Most of us keep track of the things we need, and it is annoying to request information repeatedly from all involved, practitioners and clients alike. Further, it