This 10-course bundle is taught by a CPA. Free Book Preview Tax and Legal Playbook Get game-changing solutions to your small business questions. February 15, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them,
It is important to note that IRS Form 1099-NEC will not be included in the IRS 1099 Combined Federal/State Filing Program (CF/SF) going forward, though you may be used to the information you report being automatically forwarded to participating states. It is ultimately the reporting firm’s responsibility to file separately
It’s doesn’t matter if you’re a solo enrolled agent or a corporate accounting firm, every business struggles with the “raise your rates” question. Of course, you want to earn more. Then why is it so difficult? Because charging more feels risky. My clients share similar concerns. Nobody will pay those
Your accounting firm’s reputation is a shortcut between the initial attention and the sale. According to multiple studies, reputation “is the way in which stakeholders, who know little about an organization’s true intent, determine whether an organization is worthy of their trust.” There is a clear link between reputation and
I receive queries from individuals about tax deductions for car expenses. These individuals use their cars for various reasons. Some possibilities: conduct business ventures; find out what’s going on at their rental properties or farm operations; do volunteer work on behalf of churches, schools and other kinds of charities; obtain
When discussing stimulus package issues, trusted advisors must be fact-based and proactive when it comes to client-facing communication. It is crucial to remain clear and transparent, rather than jump too quickly to conclusions. Advisors have always provided critical leadership to the organizations they serve. Throughout the COVID-19 pandemic, advisors have
CPA firms have long understood that prominent experts help win and keep business. However, these experts must also be visible to their target audiences. What CPA firms are uncertain of is what it takes—or what techniques are required–to transform experts into Visible Expert®, especially in today’s largely digital business environment.
Not all businesses are struggling during the COVID-19 pandemic. Here’s an example: If your local investment advisor earns their revenue by charging a percentage on assets under management, the 15.76 percent 2020 return on the S&P 500 index should have swelled their bottom line. Some of your business-owning clients might be
Four of my 2020 columns covered changes in the rules for charitable contributions. See my piece about tax code changes from October, my article entitled “IRS offers Modest Tax Breaks for Modest Donations” from July, the May article that answered questions about itemization and charitable tax deductions and “New Deduction Strategies
Intuit’s QuickBooks Online Accountant move is designed to give accountants access to new features such as custom reporting and batch transactions — all at no cost, and without the loss of any data or functionality. QuickBooks Online Advanced was built to help accountants grow their firm, scale processes and magnify the