Latest Articles

April 1, 2022 

U.S. citizens, resident aliens and any domestic legal entity with foreign banking accounts have a deadline of April 15 to file their annual Report of Foreign Bank and Financial Accounts (FBAR). For additional information about filing deadlines, filers ...

April 1, 2022 

Initial data for 2021 shows a marked improvement in the economic and business outlook. The study’s early goodwill impairment figures indicate the top 10 events for 2021 only reached a combined $5 bn, less than one-tenth of the top 10 amount of ...

April 1, 2022 

Having a steady income stream is critical to your survival when you’re a small business owner or self-employed – your bills can’t wait and you have to put food on the table. Even a single delayed payment can hurt. Multiple missed payments could well ...

April 1, 2022 

Now in their 18th year, the CPA Practice Advisor Readers' Choice Awards give our readers the chance to spotlight the technologies they most respect and trust to provide client services, to manage their firms, and to help their clients run ...

Isaac M. O'Bannon

April 1, 2022  Sponsored

Spoiler alert: It’s payroll services. You might not think of it as your firm’s bread and butter (that title might already belong to advising or tax planning), but payroll can be pretty lucrative—if you play your cards right. Although manual payroll has long been a snafu for accounting professionals, leading some to steer clear of...…

March 31, 2022 

Because AI can be a useful solution for accounting firms struggling with increasing amounts of data, using AI can significantly reduce the amount of time spent on tedious tasks, allowing staff to focus on areas that require their expertise, such as ...

Mary Girsch-Bock

March 31, 2022 

While maintaining strong relationships with suppliers should always be a priority, it has never been more important, given current supply chain issues. Suppliers rely on fast access to payments to fund the production and distribution of goods that ...

March 31, 2022 

Adams is a native of Hartley, Iowa. She graduated from Drake University and earned her CPA certificate in 1981. After starting her career in public accounting, she spent more than 25 years in the

March 30, 2022 

This is the first time the annual limit has increased since the special educator expense deduction was enacted in 2002. For tax-years 2002 through 2021, the limit was $250 per year. This means for people currently filing their 2021 tax returns......

March 30, 2022 

Taxpayers who are unable to file their tax return by this year’s April 18 deadline have an easy, online option to get more time to complete their return. Anyone can request an automatic six-month extension to file.

March 30, 2022 

As your accounting firm grows, do you find yourself struggling to delegate work, maintain work quality, and drive productivity across your team? If you struggle in these areas, It could be due to a lack of standardization of your accounting workflows ...

Shahram Zarshenas

March 30, 2022 

Generationally, millennials (ages 26-41) are the most likely to blame high home prices (44%). Gen Xers (ages 42-57) most frequently cite lack of income (41%), high home prices (40%), and to a greater extent than other age groups, to say they are unable...