Article

payroll

October 14, 2019 

Do Your Best Payroll

In the gig economy, how important is payroll? Just as much as ever! While many firms make the majority of their profits from compliance work in tax and audit, the firms providing Client Advisory Services (CAS) have discovered that payroll can be a ...

Randy Johnston

innovation_pixabay_jarmoluk_business-561387_960_720

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

accounting software pixabay Goumbik office 2717014_960_720

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

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

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 ...

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...…

taxes reform_1_.5540d268d98f6

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

taxes reform_1_.5540d268d98f6

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