Botkeeper’s move focuses around connecting their partner accountants with businesses in need of bookkeeping services and accounting support. With this shift in focus, the company can now funnel those businesses that need bookkeeping services straight to the accountant or CPA firms in the Botkeeper ecosystem. Botkeeper’s strategy of growing its
Black History Month is important to recognize in February, but I also try to reflect on black history continuously throughout the year. I’m constantly celebrating and remembering the African Americans who paved the way to allow black entrepreneurs like me to dream of owning my own business. The importance of
The IRS has announced it has fulfilled its responsibilities regarding the first two rounds of Economic Impact Payments (EIPs) for eligible recipients (IR-2021-38, 2/16/21). Now it’s time for taxpayers who received stimulus checks to finish the job as the IRS turns its eye toward tax-filing season. Within a matter of
Lately, everyone’s been talking about GameStop. Here’s a quick recap of the story: During the week of January 25, GameStop, a stock selling for a $18.84/share on 12/31/20, was suddenly trading as high as $483 on January 28. You know the rest: A grassroots online campaign was driving the stock
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Remote work is nothing new for my firm, we have been working this way since our inception over a decade ago. Here are seven remote work best practices that have helped us develop lasting trust bonds with our clients without ever meeting them in person. 1. Be Approachable Accountants have
Families report their household employment taxes on Schedule H, which is attached to their personal tax returns. If your client paid cash wages to a household employee and the wages were subject to Social Security, Medicare, and/or unemployment taxes, or if they withheld federal income tax, your client likely needs
Seasoned tax professionals still have to adjust to the basic idea that current period business interest expenses may have limited deductibility. The concept arose with the Tax Cuts and Jobs Act of 2017 and then was amended in the CARES Act as to taxable years beginning after December 31, 2018.
Where is your tax home? You may be surprised by the answer. As shown in a new case, Soboyede, TC Summary Opinion 2021-3, 1/26/21, it’s not always the place you consider your primary residence. According to the IRS, your “tax home” is the general area of your main workplace. This
The ongoing pandemic has made a significant impact across industries and professions, as organizations report losses in earnings, layoffs and implementation of long-term remote work procedures. Finance and accounting are no exception. Professionals in the field remain at the forefront of a financial crisis and continue to navigate industry changes. IMA’s