Firm Management February 6, 2026
Wipfli Partners with The Caddie Network
Wipfli and The Caddie Network will bring to life the connection between elite caddies and trusted advisors.
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.
August 30, 2017
Estate Planning Part III – Bypass Trusts
In the final part of my estate planning series, I would like to tackle more complicated themes that build on the first two parts. The first thing that I would like to discuss in this article is a trust that was once used frequently before portability.
August 30, 2017
Estate Planning Part II – When You’re Not Subject to Estate Tax
Just because you don’t have a taxable estate doesn’t mean that you shouldn’t do estate planning. If you die without an estate plan, then you die testate, meaning your assets will be divided up according to state law. Everyone needs some sort of an ...
August 30, 2017
Estate Planning Part I – Passing Along Your Business to Your Children
Most business owners want the same thing; they want to pass on their business to their kids. Others may want to sell the business, and some just want to give it away. However, all these options have unique tax concerns that must be considered.
August 30, 2017
Don’t Miss Out on IRC §1202 Stock
First of all, to qualify as IRC §1202 Stock, the stock must be in a domestic C-Corporation. The stock cannot be held by an S-Corporation or a limited liability company (LLC). Another caveat is that the corporation may not have more than $50 million in ...
August 24, 2017
The Tax Blotter – August 2017
The IRS can and often will impose tax on workers who don’t receive traditional wages from employment-related activities. Here are three of the latest examples culled from the Tax Court files.
August 23, 2017
10 Big Tax and Accounting Issues for Small Businesses
Entrepreneurs usually aren’t surprised by the amount of work it takes to get a business up and-running and become successful. But these same small business owners are often blindsided by the time and effort required for tax and accounting issues.