Latest Articles

December 10, 2021 

Most taxpayers are uninformed when it comes to the potential tax consequences surrounding crypto. Surveys show that there are over 50 million taxpayers who need to report crypto when filing 2021 tax returns. Any taxpayer who can answer 'YES' to the IRS...

December 10, 2021 

Bookgel was developed by Allan Ratafia and Marc Howard, the duo that brought the accounting profession BizPayO, a 3-in-1 web platform for online payments, proposals, and automated Google reviews. From the BizPayO platform, Ratafia and Howard, who ...

December 10, 2021 

Oftentimes the offering firms have trouble quantifying the most is advisory services. Tax pros give advice continuously to their clients without charging them, writing it off as a one-off case when more times than not those clients come back time ...

December 10, 2021 

the pandemic and recent changes to tax deductions for donations have also adversely affected many charitable organizations, with as many as a third now at risk of shuttering due to dwindling funds, according to a recent study.

Gail Perry

December 10, 2021 

Supply chain disruptions are impacting the operations of more than eight in ten surveyed hotels, and nearly three in four hotel operators say the disruptions are negatively impacting their business revenue, according to a new survey of American Hotel ...

December 10, 2021 

Ninety-three percent of businesses with 10 to 100 employees say they have outgrown at least some of their digital tools or are paying for features of an Enterprise Resource Planning system that they don’t use. In fact, 79% of mid-sized businesses ...

December 10, 2021 

Following its strong support of bipartisan Senate legislation – the Disaster Retirement Savings Act (S. 2583) – the American Institute of CPAs (AICPA) is echoing that support for companion bipartisan legislation in the House, introduced by ­­­­­...

December 10, 2021 

Technology and staffing issues have changed dramatically over the last two years. So, what can firms expect when it comes to hiring and staff management in 2022 and beyond?

December 10, 2021 

There is still time to take actions in December to help when it comes time to file federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax Credit payments.

Isaac M. O'Bannon

December 10, 2021 

The RMD is based on the taxpayer’s life expectancy and their account balance. Often, a trustee will use Form 5498, IRA Contribution Information, to report the RMD to the recipient. For most taxpayers, life expectancy used to calculate the RMD is based ...

December 10, 2021 

This year’s food drive easily surpassed 2020’s food drive collection of $25,000 in online contributions and approximately 1,000 pounds of nonperishable food items and canned goods. Since 2010, the NJCPA has donated more than 20,000 pounds of food ...

December 10, 2021 

I know I sound like a broken record when other tax pros ask me about the “busy” in busy season. My response? “The Berg Advisors' busy season runs smoothly with few surprises.”