October 2019

taxes reform_1_.5540d268d98f6

October 8, 2019 

Tax Advice for Business Clients Closing Out 2019

As 2019 comes to a close, many tax professionals are already providing their small business clients with tax planning advice for tax year 2019, in addition to tax compliance services. Tax reform presents a good opportunity for all practitioners to ...

Mike D'Avolio

taxes reform_1_.5540d268d98f6

October 4, 2019 

What is an IRS Summons, And How to Respond

The IRS has the authority through IRC Section 7602(a) to review documentation that may assist them in confirming the accuracy of a filed return. Most taxpayers provide this documentation when being audited. However, when a taxpayer is unwilling or ...

Dave DuVal

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October 1, 2019 

How to Seek and Find Professional Development

It’s all too easy to feel stagnant in your career, no matter how much success you’ve achieved. You could be a partner at a major firm and still suffer from a sense of wanting more. You know the story. You have a great job, opportunities to move up ...

Amy Vetter

Intermediary Bank nVoicePay

October 1, 2019 

Connecting the World: The Importance of Intermediary Banks

When a bank needs to send money to a location where their bank does not hold an account, the bank instructs an intermediary bank to act as a “middle man” to pass on the funds on their behalf. Funds can transfer between multiple intermediaries ...

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October 1, 2019 

The SaaS Business Model: Championing Cloud-Based Accounting for All

By Tim McCormick, SaaSOptics As a CPA, it’s important that you stay on top of financial operations trends and solutions, both for growing your practice and better servicing your clients. One such trend that is within reach and easy to adopt is cloud-based accounting. Today, traditional forms of managing a company’s finances with manual entry,...…

MeToo hashtag

September 18, 2019 

CPA Firms and the #MeToo Era

By Joseph Wolfe and Lindsey Pilla. Federal, state and, in many instances, local laws prohibit sexual harassment and employment discrimination. These laws hold employers responsible for maintaining a non-discriminatory workplace free of harassment, intimidation and retaliation. In 2006, the “Me Too” movement was founded by Tamara Burke to aid women who have been victims of...…

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September 17, 2019 

To Text (or Not To Text) Your Clients

In the business communication classes that I teach, I’m often asked how we accountants should respond when clients want to communicate with us via text messaging. Sometimes this question falls directly down generational lines ...