Small Business July 13, 2022
Changing Legal Structures: LLCs and C Corps
Business change is constant, so it wouldn’t be surprising if, at some point, your clients considered changing their legal structures.
June 1, 2022
2022 Independent Contractor Update
Employers consistently misclassify workers, which could land them in big trouble with state and federal labor departments, resulting in heavy fines and possibly having to compensate workers for back pay and benefits.
March 16, 2022
S Corp Salary Guidelines – What is Reasonable Compensation?
Although the definition of what constitutes a “reasonable” wage may seem subjective, the IRS scrutinizes the S Corp’s source of income—its gross receipts—and then determines if (and what tasks) the owner/shareholder performed for the S Corp to assist ...
December 22, 2021
3 Trends for Accounting Firms in 2022
Firms willing to adopt new technologies and prioritize employee and client experiences will be in an ideal position to attract new clients and keep current clients happy. Here are three trends to know for the coming year.
October 7, 2021
A 2021 Year-End Checklist for Your Small Business Clients
Now that it’s officially in the 4th quarter of 2021, your clients will likely seek your advice about what needs to be accomplished before year-end. Accounting tasks aside, you can help guide them to wrap up their businesses’ compliance and legal responsibilities. The following is a handy checklist to ensure your clients end 2021 in...…
August 10, 2021
The Digital Nomad Client
Do your clients want help setting up their new business as a “digital nomad”? Digital nomads are people who use tech to work remotely from anywhere they hang their hats, whether it be a beach, a foreign country, or a recreational vehicle....
June 23, 2021
Everything You Need to Know About LLCs to Help Your Clients
Popular for its owner liability protections and flexible tax options, the Limited Liability Company (LLC) is a legal structure option worth exploring for clients who are starting or growing businesses.
April 19, 2021
Do You and Your Clients Have the Correct Permits and Licenses to Run a Business?
Running a business keeps you so busy, it’s easy to forget about obtaining and renewing the many permits and licenses required to keep up with federal and local regulations. The following is a helpful checklist to make sure you and your clients’ ...
February 1, 2021
Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients
As some of your business clients prepare to reopen their doors while ensuring the safety of their employees and customers, it’s your job to nudge them to start gathering their tax documents and financials for the April deadline.
November 28, 2020
PPP Forgiveness and Your Clients
Although the CARES Act Payroll Protection Program’s (PPP) loan application period closed last August, you most likely have clients who received funding and now need to plan for loan forgiveness. The rules changed since the program began.
September 30, 2020
The Accountant’s Entity Guidebook
Ready to start your own accounting firm? Here's how to decide which entity type is best if when starting a new practice.
July 27, 2020
What is a Series LLC and Why Your Clients Should Care
The series LLC allows business owners to divide multiple investments and debts and to operate each LLC as a separate entity with its own name, bank account, and recordkeeping. Under the master LLC, each separate entity can ...
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
