COVID-19 shook the global marketplace. Overnight, businesses large and small had to find their footing in a radically adjusted world — with no clear roadmap for success. While some firms struggled, others found ways to thrive. As priorities shifted, how we communicated with clients and prospects changed as well. Now,
In an ideal world, once your firm selects a niche, your target clients would pop up and come to you. But in reality, you need to go to them. I’d like to share the steps we take to prospect and tweak them to apply to a CPA firm’s ideal clients.
Your freelance writer clients will always have write-off questions for you. As such, here are some pointed answers in the final article in this series on the correct forms to use for royalty reporting. A recent question came in from a freelance writer, claiming that some of her fellow self-employed
Investing in real estate is a great way to build wealth, and it’s a strategy that is increasingly used by businesses, rather than individuals. Because of this trend, many individuals who are interested in investing in real estate for the first time may be wondering whether they should buy an
The Tax Court recently upheld the IRS’s rejection of an attorney’s “offer in compromise” (OIC) as it was seen as an unreasonably low offer. For a quick review, an OIC is an agreement between a taxpayer and the IRS settling the taxpayer’s tax liability for less than the full amount owed. If
Whether digital goods are subject to sales tax sometimes depends on who you ask. Regardless, states need to sort out sales tax policies on digital products sooner than later. The following case, which focuses around decisions being made in Mississippi and their Department of Revenue in particular, illustrates why states need
Tax increment financing (TIF) is a seemingly simple economic development tool that has become anything but—and it’s somewhat controversial in its use to promote improvements in certain city areas. Proponents contend that TIF provides necessary funding for cities to redevelop blighted properties and infrastructure, which can increase property value and even increase
Financial and occupational fraud has become a serious problem in the United States, clarifying the need for enhanced fraud risk management. Donald R. Cressey’s Other People’s Money: A Study in the Social Psychology of Embezzlement set the foundation for studying fraud. From his research, the fraud triangle was born. Each
In our continuing effort to improve the AICPA Peer Review Program, we rarely take a step back to look at how far we have come and the positive impact the peer review process has on our profession, those it serves and its overall impact on audit quality. The AICPA, its
Just joining in? Go back to parts one and two, where I answered unusual questions submitted by Waldo Lydecker, a freelancer who said he’ll pocket a seven-figure advance noticeably north of one million dollars for his next book and who was adamant that he’s entitled to my advice on how