Latest Articles

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February 2, 2018 

Free Practice Management Tool

Letting clients pay by credit or debit card is even easier when you have card information on file from the get-go. This free authorization form can help you get started with online payments and protect your firm against payment disputes.

 Diving Into Passive Losses

February 2, 2018 

Diving Into Passive Losses

I had a client in Alabama that came to me because she was audited, lost her appeal rights, and Tax Court rights, and was saddled with a $500,000 tax liability. When I take a collections case, the first thing I do is try to find out why this person owes...

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February 2, 2018 

Several States Recognize Enrolled Agent Week

The NAEA has been instrumental in many legislative acts recently, designed to protect EAs right to practice. In certain states, EAs were not allowed to advertise their credentials. The NAEA, sent a delegation to Washington and were instrumental in the ...

Firm Automation

February 1, 2018 

Technologies Driving Remote Auditing

On-site auditing has been the customary default since the dawn of accounting. It’s worked reasonably well, though time and cost considerations – both from the company and firm’s vantages – typically took secondary focus to successful audit completion, ...

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February 1, 2018 

How to Jumpstart Workforce Planning for 2018

The definition of workforce planning describes a continual business planning process. It’s a long-term, ongoing effort that expands as the organization grows. This isn’t a quick fix, so settle in and prepare for the long haul.

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February 1, 2018 

7 Payroll & HR Documents to Review Now

It’s a best practice to review policies, posters, and forms periodically to ensure that they adhere to applicable laws and evolving company practices. Since the New Year typically brings a host of new laws, now is a good time to conduct this review.

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February 1, 2018 

2018 Valentine’s Day Spending May Reach $20 Billion

Total spending is expected to reach $19.6 billion, up from $18.2 billion last year. The numbers are the second-highest in the survey’s 15-year history, topped only by the record $146.84 and $19.7 billion seen in 2016.

 Pending Home Sales Increased in December

February 1, 2018 

Pending Home Sales Increased in December

Pending home sales were up slightly in December for the third consecutive month, according to the National Association of Realtors®. In 2018, existing-home sales and price growth are forecast to moderate, primarily because of the new tax law's expected...

 The Complicated, Convoluted Section 199A Deduction

February 1, 2018 

The Complicated, Convoluted Section 199A Deduction

The definition of what used to be a pass-thru was an entity, such as a partnership or S-Corporation that would file their own tax return, without a tax liability, and the income, or loss would pass-thru to the partners or the shareholders as income or ...

taxes21

January 31, 2018 

The Secret Behind My Successful Practice

Any practice management article that you have seen me write, or an article about how we moved everything to the cloud, or that we don’t need servers anymore are all because of Belsis Smalley. If some degree toting IT person contradicted something that ...

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January 31, 2018 

2018 IRS Tax Refund Schedule – Where’s My Refund?

How quickly a taxpayer receives a refund also depends on when they file and whether they have requested a direct deposit of their refund, or a paper check. This is because during some time frames there is increased traffic, with more filers getting ...