Firm Management June 17, 2026
Designing Your Ideal Accounting Firm Starts With One Question: What’s Actually Holding You Back?
Here are five steps firm owners can take to start building the accounting firm they actually want to run.
August 22, 2019
3 Ways to Empower the Women at Your Firm
Companies that prioritize gender diversity are 15 percent more profitable than the median figures in their industry, but in order to unlock all that extra earning power, you need to first create an environment that puts women in the right positions to ...
August 22, 2019
Engaging the Power of Your Informal Networks
Networking is recognized as a major influence on one’s ability to achieve great success. The most successful people in the world possess the capability to influence and shape the opinions of others. However, there is a greater emphasis on the type of network one participates in. Much has been written about successful executives and leaders and...…
August 22, 2019
IRS Gets Serious on Revoking Passports of Those with Significant Debt
When the IRS certifies a taxpayer as owing a seriously delinquent tax debt, the taxpayer receives a Notice CP508C from the IRS. The notice explains what steps the taxpayer needs to take to resolve the debt. IRS telephone assistors can help ...
August 22, 2019
IRS Security Checklist #5: Create a Data Theft Recovery Plan
Tax professionals are being advised by the IRS that they should report data theft immediately and follow an established process for helping the IRS protect their clients.
August 22, 2019
IT Considerations in Mergers & Acquisitions
Merging or acquiring another firm is one of the most effective methods of growing an accounting practice. Potential candidates are usually vetted based on partner and practice compatibility, desired location for expansion, niche specialization ...
August 22, 2019
5 Industries with Sneaky Payroll Tax Requirements
Every year, small businesses spend countless hours trying to figure out payroll – and they often get it wrong. According to the U.S. Small Business Administration, approximately 45 percent of businesses incur IRS penalties each year ...
August 21, 2019
AICPA Comments on Guidance RE: Adjustments Attributable to Conversions from S Corp to C Corp
The AICPA stated in its letter to the IRS, “Failure to apply section 481(d) to QSubs owned by an eligible terminated S corporation effectively means that section 481(d) will apply only to S corporations to the extent that their operations are not ...
August 21, 2019
Canopy Welcomes New Vice President of Product
Larry Furr has joined the cloud-based accounting firm practice management maker Canopy as vice president of product. A seasoned product executive, Furr’s responsibilities will include overseeing the strategy, management, and design of Canopy’s suite of products and charting Canopy’s product roadmap. Furr brings nearly two decades of product strategy and development experience to Canopy. He...…
August 21, 2019
Only 29% of Working Americans Have Increased Their Retirement Savings Contributions
The likelihood of increasing retirement contributions was consistent among those between the ages of 23-64, with older Millennials (ages 30-38) the most likely to say so. Among workers ages 65+, the tendency to have decreased retirement contributions ...c
August 21, 2019
AICPA Discussion Paper Tackles Materiality in an Attestation Engagement
The AICPA is seeking feedback on the issues discussed in this paper and would like to hear from those with practical experience in such attestation engagements, including preparers of subject matter presentations, practitioners performing ...
August 21, 2019
Insights Into Section 199A Operational Rules
Section 199A can be a gold mine for owners of pass-through entities and sole proprietors. Thanks to this provision authorized by the Tax Cuts and Jobs Act (TCJA), a qualified taxpayer can annually deduct up to 20% of its qualified business income (QBI), effective for 2018 through 2025. But the TCJA deduction is fraught with...…
August 20, 2019
OnPay and Xero Partner for Ag Business Payroll and Accounting
Now U.S.-based farms and ranches that use Xero will have access to payroll, HR and benefits that meet all their needs, including automated filing of Form 943 and payroll processing for H-2A visa workers.