Taxes January 26, 2026
Welcome to Tax Season 2026
The IRS today opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025.
September 18, 2017
2017 Reviews of Inventory Management Systems
While inventory management is not a new concept, with the advent of online stores to coincide with their brick and mortar counterparts, it’s more important than ever that retailers have a solid handle on their inventory. Good inventory management is ...
September 18, 2017
6 Strategies for Resolving and Minimizing Staff Conflicts
Ideally, a CPA firm’s management team concentrates most of its time on ensuring clients receive the best possible service and strategizing ways to cultivate new customers. That’s the ideal scenario.
September 14, 2017
Accounting for Inventory Shrinkage After a Major Loss
Your small business clients who suffer inventory shrinkage – whether it’s from a natural disaster like Hurricane Harvey or Irma, or theft or simple mismanagement – must account for the event on their financial books. Generally, a firm can enter a ...
September 14, 2017
The Fight for $15, and More
Over the past several years we have seen nationwide efforts, often precipitated by unions, to increase the minimum wage at the local level to $15 as a means of addressing economic inequality. The movement, called the "Fight for $15," has seen some ...
September 14, 2017
2017 Reviews of Retail Point-of-Sale Systems
As we all know, the historical prototype for a retail business was a brick and mortar store, or multiple stores. But today, these same stores are competing with a variety of other retailers including Internet-only sellers, mobile-only retailers, and ...
September 13, 2017
What the End of DACA Means for Dreamer Employers
USCIS announced on September 5, 2017, that they are phasing in a rescission of the Deferred Action for Childhood Arrivals program (DACA). The DACA program began in 2012 and granted temporary status and work permits to the “dreamers” who came here as ...
September 11, 2017
5 Accounting Steps when Disaster Strikes
When a flood, fire, hurricane or other disaster strikes your business, you may suffer heavy property damage along with lost sales during the time you're forced to close. Having a good understanding of the accounting rules related to natural disasters ...
September 8, 2017
The Changing Role of IT Personnel in Accounting Firms
Has the IT role within CPA firms finally come full circle? I began the IT portion of my career providing support for IBM XT personal computers that were used by accountants to produce spreadsheets and word processing, while all the “real” data ...
September 7, 2017
Charitable Remainder Trusts and Their Cousins: Real Tax Savings for High Net Worth Clients
There are many offshoots of a CRAT, such as a Charitable Remainder Uniform Trust (CRUT). In contrast to a CRAT, the payout provided to the noncharitable beneficiary from a CRUT can be either a fixed amount or a percentage of the FMV of the trust ...
September 7, 2017
As If It Couldn’t Get Any Better for Real Estate Investment Trusts (REITS)
REITs were already a good thing for real estate investments. Now with Rev. Proc. 2017-45, they are even better.
August 31, 2017
Hurricane Harvey’s Impact Felt By CPAs Across Texas
By Jason Bramwell Houston accounting firms are now in recovery mode, focusing on the well-being of their employees and doing what they can to help those less fortunate, following the historic flooding in southeast Texas from Hurricane Harvey. The now-tropical depression, which is currently dumping heavy rain on Louisiana and western Kentucky,...…
August 30, 2017
7 Smart Reasons for Your Payroll Clients to Use Time Clocks
Time clocks are simple to implement; in many cases they integrate with your current payroll software. They also provide an additional revenue stream for your firm, in addition to other benefits we’ll explore in this post.