November 2016 - CPA Practice Advisor

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In this issue

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Firm Management

Hosting Solutions for Accounting Firms

A simple reminder to get you started: all of these products scan, incorporate from a portal or from pictures snapped on client’s cell phones all of the documents for a 1040 tax return. They tend to sort them in tax preparer/IRS form order in a PDF ...

5 Year-End Tax Tips for 2016

It’s that time again. It’s the second half of the fourth quarter of the year ─ time for cooler weather, the holidays, and year-end tax planning. If you have a crystal ball, or you have engaged the services of Karnack the Magnificent, read no further ...

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Sales Tax

The Basics of Sales Tax Filing for Small Businesses

The rules and procedures for filing sales taxes are completely individual to each state. So it’s imperative to find out what the rules and processes are for each state where you are collecting sales taxes. For those specifics, you can turn to our ...

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Firm Management

8 Rules for Effective Technology Management

The ongoing war for talent, coupled with the rapid advancement of technology, is fueling exponential growth in the importance of technology. It creates a challenge and an opportunity. From the challenge side, we are already being forced to do more ...

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Accounting

2016 Review of Hosting Providers for Accounting Firms

No longer do business owners have to choose between an online version and a desktop version of a product. Using an application hosting service, users can access their favorite products remotely.

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Payroll

Year-End Payroll and Tax Reporting Tips

As the end of 2016 inches near, there are many things that employers or their financial service providers must do to stay in compliance with state and federal reporting regulations. These tips serve as a reminder, and can also help streamline ...

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Firm Management

2016 Review of Client Portals for Accounting Firms

Although accounting firms have typically used email to send files to their clients, stricter confidentiality requirements and difficulty in transmitting large files have made email usage difficult, if not impossible in most situations. Portals offer a ...

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Sales Tax

Some States Allow Sales Tax Payments Via Credit Card

Here’s a rundown of which states let you remit sales taxes via credit card and how much using that option will cost you. “Fee unspecified” means there is no information on the amount of the fee until you actually initiate a credit card payment.

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Payroll

Apps We Love – Tech for the Holidays!

It’s holiday season, and whether you are celebrating family, religion, tradition, or just counting on some time off before busy season, these apps will help you through the days ahead. Get organized, plan menus, stay on top of your gift giving ...

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Firm Management

What is Your Purpose?

How much better do you feel when you have set a goal and can see that goal being accomplished, as opposed going through the motions of trudging to work, sitting at a desk, moving papers around, entering numbers on screens, footing and checking ...

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Payroll

New Rules Make Many More Eligible for OT

The federal Fair Labor Standards Act (FLSA), passed in 1938, guarantees a minimum wage to almost all employees in the United States, and requires employers to pay overtime when employees work more than 40 hours in any workweek.

talent

Firm Management

How to Retain Top Accounting Professionals in a Competitive Environment

Many employees today want to develop a deeper connection to their organization and have a sense of purpose. According to the Deloitte study, millennials are more likely to remain at a company that shares its values and are more satisfied with its ...

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Payroll

The Pros and Cons of Payroll Taxes

First of all, the payroll tax base is very broad. Payroll taxes apply to all wages and salaries up to a cap of $118,500, which nearly 83% of wages and salaries fall under. Furthermore, unlike the personal income tax, payroll taxes do not include ...