Let’s face it: We are done about talking about the pandemic. We’re exhausted. The last 16 months or so have turned our entire worlds upside down. From quarantines to rapid testing, we want a break from the news and we want a little more joy in our lives. Part of
Despite today’s digital-first world, for many accountants, document processing and management remains as challenging and archaic as not having a work email for daily communication. The public sector is especially susceptible to manual document processing challenges with legacy systems and tools unable to keep pace and handle any unexpected influx
Accounting software maker, Accounting Seed has implemented a new version of its Financial Reporter product, which is now fully integrated with the Salesforce Lightning user interface (UI). This upgrade also brings significant updates to the platform’s standard and custom reports, enabling users to easily access, navigate, update, and export financial
I receive tax queries from fellow freelance writers and from wannabes, that is, would-be writers. Most of the questions they send are pretty much the same. Does the IRS agree that they can claim deductions in 2021 for 100 percent of certain expenses? Or permit them to take deductions in
Whether you’re just starting out on a career path in the accounting and finance profession or considering your next career move as an accountant, you’re in luck. According to a report by the U.S. Bureau of Labor Statistics (BLS), over 14,000 jobs in accounting and finance were added in May. At the
Accountants come in all flavors. Some have excellent organizational skills, while others work at desks that indicate they’re comfortable with chaos. Some pepper their conversations with IRS statutes or FASB lease standards, while others prefer to take a big-picture view, knowing they can look up the details when needed. Every
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
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
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