Article

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October 14, 2019 

Creating a Structure for Innovation

As the profession continues to move forward with business transformation, firms are being tasked with becoming more innovative. Innovation may come naturally to some, but many firms we speak to don’t know where to start.

Jim Boomer

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October 11, 2019 

Budget Season is Here: Got Talent?

Accountants may have put the days of pen and paper behind them, but the speed with which tech is changing the space feels faster than ever. The good news is these new digital tools are expected to make the jobs of accountants easier, rather than obsolete.

Jodi Chavez

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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 

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 ...

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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...…

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October 8, 2019 

Tax Advice for Business Clients Closing Out 2019

As 2019 comes to a close, many tax professionals are already providing their small business clients with tax planning advice for tax year 2019, in addition to tax compliance services. Tax reform presents a good opportunity for all practitioners to ...

Mike D'Avolio

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October 4, 2019 

What is an IRS Summons, And How to Respond

The IRS has the authority through IRC Section 7602(a) to review documentation that may assist them in confirming the accuracy of a filed return. Most taxpayers provide this documentation when being audited. However, when a taxpayer is unwilling or ...

Dave DuVal

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October 2, 2019 

How “Tail Coverage” Can Protect a Retiring Firm Partner

If a partner is both retiring and selling his or her practice, then an extended reporting period insurance coverage, commonly known as “tail coverage,” is highly recommended. With this coverage in place, the risk to the former and continuing partners ...

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October 1, 2019 

How to Seek and Find Professional Development

It’s all too easy to feel stagnant in your career, no matter how much success you’ve achieved. You could be a partner at a major firm and still suffer from a sense of wanting more. You know the story. You have a great job, opportunities to move up ...

Amy Vetter