Article

August 20, 2018 

Generally, employees can satisfy their annual tax obligations by having enough tax withheld from their paychecks during the course of the year. However, if you fail to pay enough tax, including both withholding and any quarterly installments, the IRS ...

Ken Berry, JD

August 20, 2018 

One of the top challenges business executives face today is finding and retaining the best and brightest employees in their industry.

Heidi Mausbach

August 20, 2018 

Four Ways to Evolve Your Auditing Firm Today By Matt Towers, Product Manager, Thomson Reuters Tax & Accounting By now, most of us have been exposed to some sort of doom and gloom message about automated systems and ‘robots’ taking over the future of the tax and accounting profession. Google “jobs most likely to be...…

August 20, 2018 

Bill Would Allow IRS to License and Regulate Tax Preparers By Isaac M. O’Bannon, Managing Editor Senator Rob Portman (R-Ohio) has introduced a new bill in the Senate that would give the Internal Revenue Service the authority to regulate income tax return preparers. The bill is cosponsored by Senator Ben Cardin (D-Missouri). The IRS attempted...…

August 20, 2018 

In case you haven’t noticed, getting fed by phone is very commonplace these days. Whether you’re calling in for lunch at the office, getting home at the end of the day and feeling too exhausted to cook, requesting food for a party, making sure your ...

Gail Perry

August 19, 2018 

I recently spoke at a BDO Alliance conference where the theme was identifying traits of high performing firms and their leaders. One speaker used a bell curve to describe ‘best in class’ firms, with the majority of firms falling in the middle or ...

Marc Rosenberg

August 19, 2018 

Change vs. Old School is something the accounting profession has had to deal with in recent years too, and while that theme isn’t new to these pages, I’d like to give it a bit of a different twist.

Gail Perry

August 18, 2018 

How to Smoke the Competition When Marketing to Cannabis Clients By Becky Livingston, Penheel Marketing (https://penheel.com) As of August 2018, 31 states and D.C. have laws that broadly legalize the use of marijuana. What does that mean for accounting firm’s looking to increase clients in this area? Opportunity! As with any new industry, accountants have...…

August 17, 2018 

Big Changes for the New W-4 Form By James Paille, Thomson Reuters The pre-draft 2019 W-4 has been released, and it’s a major change from previous versions of the W-4. The new W-4 doesn’t have a way to number allowances — instead, four new boxes that instruct the taxpayer to predict income and deductions replace...…

Firm Management August 17, 2018 

As with any new industry upstart, accountants have an opportunity to increase revenue within this niche by providing tax, accounting, audit, and business services, like bookkeeping, internal controls, workflow, payroll, and cloud-based solutions.

Becky Livingston

August 16, 2018 

  Entrepreneurs Optimistic About Business Outlook By Isaac M. O’Bannon, Managing Editor Business owners have a generally positive business outlook, feel good about their ability to find new customers, and are relatively optimistic about the state of the U.S. economy. That’s according to data from the first Paychex Business Sentiment Report, which polled 500 randomly...…

August 15, 2018 

It is time for you and your firm to start understanding the millennial mindset, address these issues, and engage top talent of your choice. In order to do so, step one, is to understand the mindset of these millennials, which is different than your own.

Garrett Wagner