Automation_technology _.5558c5b706074

October 11, 2019 

4 Tech Trends Transforming Public Accounting

Public accounting leaders must continue to prepare for the digital disruptions that will inevitably alter almost everything about the way their teams and their clients work. Much of this change will be positive, as breakthroughs help organizations ...

Paul McDonald

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October 10, 2019 

Veem Introduces Xero for Invoicing

Having disparate systems for payments and invoicing creates confusion, inefficiencies, and worst of all, more work for the small business owner.

liability_insurance_557x362_1_.546d3e4c89a81[1]

October 10, 2019 

Firm Partner Indemnification: A Cure for Insomnia

Whenever a professional liability lawsuit is brought against an accounting firm, chances are one or more of the firm’s partners will be named. They are front and center in the client relationship, and the client looks to the partner to make sure ...

credit debit-cards1_11289515

October 10, 2019 

Average Interest on Retail Credit Cards Hits 26%

The average retail credit card APR is 26.01%, up 37 basis points from last year and nearly five percentage points higher than the average overall credit card APR (21.10%), according to a new report from CreditCards.com.

 Sikich Acquires Milwaukee Accounting Firm

October 10, 2019 

Sikich Acquires Milwaukee Accounting Firm

Freyberg, Hinkle, Ashland, Powers & Stowell offers accounting, audit, tax compliance and planning, and employee benefit plan services. The team has specialized experience conducting Taft-Hartley multiemployer and other employee benefit plan audits.

economy graph chart 1_10919395

October 10, 2019 

Accounting Pros Worried Over Economy

To date, the report notes, the US economy has held up well, despite the fading effect of the 2018 fiscal boost. Interest rate cuts by the US Federal Reserve have been presented more as a way of maintaining a reasonable pace of economic activity and ...

Social_Security_Card2_1_.561e690c2d1c1[1]

October 10, 2019 

Social Security Benefit to Increase 1.6% in 2020

The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63 million Social Security beneficiaries in January 2020. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2019.

intuit-quickbooks-preferred

October 10, 2019 

Mileage Tracking Feature Now Available in QuickBooks Online

The days of clients giving you dog-eared pages with unintelligible scrawls of mileage driven for business is now a thing of the past. Manual, written logs are neither effective for automated workflow, nor are they necessarily accurate, especially if a client forgets to record their mileage right away and guesstimates it at a much later...…

bitcoin_2007769_Pixabay_Michael Wuensch_960_720_1_.5a0891cff3539

October 9, 2019 

IRS Issues New Guidance on Virtual Currency

The new revenue ruling addresses common questions by taxpayers and tax practitioners regarding the tax treatment of a cryptocurrency hard fork. In addition, a set of FAQs address virtual currency transactions for those who hold virtual currency as a ...