New offerings from Intuit QuickBooks this month include invoicing enhancements for QuickBooks Payments and updates to QuickBooks Payroll. This article covers the highlights of these changes users will see in the respective platforms. QuickBooks Payments and Invoicing Enhancements To help improve overall cash flow and the speed of payment through
When a new client comes on board, there is a lot to figure out. A client could be behind on taxes, or they could have had some accounting personnel leave their company and now are scrambling. In other cases, they could have unexpected tax issues that they need help navigating.
The Supreme Court, in its recent holding in CIC Services LLC v. Internal Revenue Service, narrowed the reach of the AIA by opening the door to more pre-enforcement challenges to IRS regulatory action involving reporting requirements backed by civil and criminal penalties. The ruling is a significant win for those subject to
Traditionally, Autumn is the time of year when accounting firms focus on recruitment, filling internships and for the next year and full-time positions for the coming busy season. But so far, 2021 has been anything but traditional. With the economy improving and many firms focusing on advisory and consulting, many
Pricing is arguably the most challenging part of starting something new in business, and HR services are no exception. Building a pricing schema for new services needs to align with current billing practices. Maintaining this consistency will help with onboarding your existing account clients onto HR. Let’s dive into the
It might not seem like it at times, but our clients really don’t want to make our lives difficult. In fact, most of our clients are willing – and happy – to provide us with the information we need to properly onboard them and prepare their books and tax returns.
Staff departures are part of life in a professional service environment — accounting firms included — and when these individuals depart, essential processes and client information often go with them. What can a firm do to prevent this? In this case study, we take a look at how Schlabach Enterprises
The country’s workforce has changed significantly because of the COVID-19 outbreak. Pew Research mentions that, in December 2020, as much as 54 percent of workers wanted to keep working remotely even after the epidemic’s end. Working from home brings with it a lot of concern from an accounting perspective. Tax requirements
Resident tax guru Julian Block answers some pointed reader questions on expense reporting for freelance writers, which remain despite IRS guidance. Query: I’m a self-employed freelance writer, whose output includes hundreds of articles for print and electronic publications, as well as several books. Back in the pre-pandemic autumn of 2019,
If you’ve been following this series, this is probably the article you’ve been waiting for. You know, the one where I finally admit it: Even if you do everything “right” in terms of onboarding, transitions, and ongoing communication…sometimes a client is still an unreasonable and demanding nightmare. You used to