Article

September 3, 2019 

This trend toward offering a broader set of services looks to be a win for both accountants and their clients, but it also poses a big challenge for firms offering services that may be outside their comfort zone — both from a knowledge standpoint and ...

September 2, 2019 

Employers and employees in the service industries that involve tipping need to comply with a unique set of tax rules. Like wages, you must pay income tax, Social Security tax and Medicare tax on tip income.

Mike D'Avolio

August 26, 2019 

, regulatory changes and more demanding clients, and it’s understandable if you’ve had little time to consider what’s ahead. These are created when the array of software, solutions and subscriptions you’ve deployed don’t play well together. One function of your firm could be using a customer relationship management (CRM) solution to handle interactions with clients...…

Mark van Leeuwen

August 22, 2019 

Companies that prioritize gender diversity are 15 percent more profitable than the median figures in their industry, but in order to unlock all that extra earning power, you need to first create an environment that puts women in the right positions to ...

Jodi Chavez

August 22, 2019 

Merging or acquiring another firm is one of the most effective methods of growing an accounting practice. Potential candidates are usually vetted based on partner and practice compatibility, desired location for expansion, niche specialization ...

Roman Kepczyk

August 22, 2019 

Every year, small businesses spend countless hours trying to figure out payroll – and they often get it wrong. According to the U.S. Small Business Administration, approximately 45 percent of businesses incur IRS penalties each year ...

August 20, 2019 

If you have a large repository of returning customers and referrals, you may not feel like you need to focus on lead generation. But, even regular clients can stop coming back. So, rather than resting on your laurels and letting the competition gain ...

Becky Livingston

August 15, 2019 

What’s the first thing you do when you find yourself in a new city or town? Twenty-five or so years ago, you might ask someone for directions or look for a local visitor’s center as you enter the town. You could find the heart of the town by looking for a courthouse or see if...…

Gail Perry

August 14, 2019 

Begin by identifying the pain points your firm can help them overcome now, and those you can help with in the future. Then create a project plan that defines release dates for services you can offer throughout each lead’s life cycle.

August 14, 2019 

Whether you have a single computer, or hundreds used in multiple locations, you have fixed assets that need to be managed. Fixed assets are anything purchased for long-term use (more than a year) and can include everything from the aforementioned computer, to furniture, printers, machinery, tools, vehicles, buildings, and land. It’s because of that long-term...…

Mary Girsch-Bock

August 14, 2019 

Skilled accountants and auditors are in high demand today, especially CPAs who possess a robust combination of functional, soft and technology skills. This demand, persistent talent shortages and the resulting intense competition for top candidates ...

Paul McDonald

August 14, 2019 

It might seem like technology is coming at us like a runaway locomotive, not even slowing down to pick up passengers, just barreling ahead with a mind of its own. New apps, new solutions, new programs, new developments, new cures for problems you didn’t even know existed – the barrage of options is endless and...…

Gail Perry