In a recent Accounting Today article, I lauded the value of strategic growth (not quite motherhood or apple pie, but pretty close), characterizing it as sustainable, efficient and profitable. This article goes on to address three of the most common questions about strategic growth I’m asked by firm leaders. Hopefully,
Of all the deliverables Steve Mayer has presented in his long career in accounting, he singles out giving his books on personal finance to his kids’ friends as a highlight. Mayer has written two books on the subject, and conducted more than 50 presentations on it over the past several
The price of flame; a guy at the IRS; package deal; and other highlights of recent tax cases. Nome, Alaska: Businesswoman Tina H. Yi, of Anchorage, Alaska, has pleaded guilty to evading taxes on income from her business. Yi was the sole owner and operator of SJ Investment, a hotel,
When it comes to compensation in the profession, accountants’ opinions wildly vary. Accounting Today and its parent company Arizent conducted our first inaugural accounting salary survey. It collected responses in May 2024 from over 560 accountants from firms of all sizes regarding their salaries, benefits and career trajectories. We asked
Senate Majority Leader Chuck Schumer, D-New York, announced plans Monday night to bring up a vote on the Tax Relief for American Families and Workers Act later this week on Thursday. The $78 billion bill has been stalled in the Senate since it passed the House at the end of
As many of you know, I’m a big believer in using short videos to enhance communication with clients and team members. In response to articles such as Video summaries take center stage at tax time, 4 productivity tools your firm cannot go without and The future is asynchronous, many Accounting
Group of 20 finance chiefs are set to leave Brazil’s controversial plan for a global billionaires tax to future summits, pledging in a draft communique to continue discussions after debating the idea this week in Rio de Janeiro. The draft communique, which was obtained by Bloomberg News, includes a pledge
Double-dipping on wage claims and saying masks disrupted operations are two of five red flags the Internal Revenue Service says it’s commonly seen on incorrect Employee Retention Credit claims by businesses. The new items are in addition to seven problem areas the IRS previously highlighted. The agency has urged businesses with
Kratom ka-boom; what a sport; treed; and other highlights of recent tax cases. New York: A federal court has issued a permanent injunction against Brooklyn tax preparer Melinda Jacob. Jacob, individually and on behalf of her business Melinda Jacob Tax Services LLC, consented to the injunction that permanently bars her
The Internal Revenue Service and the Treasury Department reported further progress Thursday on offering more online tools and expanded taxpayer service, including six new features for the Individual Online Account, a new Spanish version of the Business Tax Account, and additional business forms that can be filed electronically. Forms 940,