Latest Articles

December 14, 2018 

Doc.It Suitewww.Doc-It.com From the 2018 reviews of Document Management and Documents Storage Systems for accounting firms. Doc.It Suite is a powerful, scalable document management and storage product that also includes a full suite of additional tools and resources designed for accounting firms, including a web portal, workflow tools, work binders, and a PDF editor. Doc.It offers...…

Mary Girsch-Bock

December 14, 2018 

Thomson Reuters FileCabinet CSwww.csthomasonreuters.com From the 2018 reviews of Document Management and Documents Storage Systems for accounting firms. FileCabinet CS is a document storage application from Thomson Reuters. Well suited for firms of just about any size, FileCabinet CS can be used as a stand-alone application, but offers greater functionality when used with other Thomson Reuters...…

Mary Girsch-Bock

December 14, 2018 

Time-consuming administrative tasks like staffing, daily planning, and payment collection can slow a daycare down and, at times, even grind the operation to a halt. Keeping physical records is likely the norm for no other reason than that it is how ...

December 14, 2018 

The Internal Revenue Service has issued proposed regulations on the section 59A base erosion and anti-abuse tax. The Tax Cuts and Jobs Act (TCJA), legislation passed in December 2017, made major changes to the tax law for 2018 and future years, including revamping the U.S. international tax system. Among other changes made by the TCJA,...…

December 14, 2018 

The business mileage rate increased 3.5 cents for business travel driven and 2 cents for medical and certain moving expense from the rates for 2018. The charitable rate is set by statute and remains unchanged.

December 14, 2018 

  Blockchain technology and cryptocurrencies are natural partners, with decentralized control mechanisms and distributed models that emphasize secrecy as much as they offer privacy or security. For the IRS, secrecy is a problem. More precisely, it’s a missed revenue opportunity. In an effort to collect tax on the booming crypto trade, the agency has already...…

Paul Banker

December 14, 2018 

During initial discussions about tax reform, clients were more optimistic (45 percent) than anxious (40 percent) about the impact it would have on their finances. However, the extremes tell a different story. The proportion of very anxious clients ...

December 14, 2018 

You’ve probably made a New Year’s resolution a time or two in your life, and, because you are an accountant, you might even have the mindset required to follow through and get your resolution(s) accomplished. But sometimes the list of life changes we ...

Gail Perry

December 13, 2018 

One year is ending and another is beginning. It’s a time for wrapping tasks up and starting new things. This includes your payroll. At the end and beginning of each year, there are certain payroll requirements you must complete.

December 13, 2018 

Employment in forensic accounting grew at an annualized rate of 18% from 2012 to 2017 per a report from market research firm IBISWorld, and continued growth is projected in the coming years. With the increasing demand for forensic services, the ...

December 13, 2018 

As a trusted financial advisor, you can help your clients meet their tax obligations as it relates to household employees, but first you must understand whether their household workers qualify as employees. The IRS defines a household employee as an ...

Laurie Savage

December 13, 2018 

This month’s Apps We Love takes us into the holiday season with favorite apps that focus on food and drink. We surveyed members of the CPA Practice Advisor community along with scouring the Internet to learn which apps you can rely on to keep the ...

Gail Perry