Article

October 10, 2019 

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 ...

October 10, 2019 

With all the decisions your clients are expected to make when starting a business, which legal structure to choose might not get as much consideration as it should. Most business owners choose to form a sole proprietorship in the beginning, since ...

Nellie Akalp

October 10, 2019  Sponsored

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...…

October 9, 2019 

As the industry’s first WhatsApp integration to power direct expense entry and compliance, employees can now easily capture an image of a receipt and text it to their expense report for automatic ingestion.

October 8, 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

October 4, 2019 

AICPA News is a roundup of recent announcements and events related to the American Institute of CPAs.

Mary Girsch-Bock

October 4, 2019 

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

October 2, 2019 

If a partner is both retiring and selling his or her practice, then an extended reporting period insurance coverage, commonly known as “tail coverage,” is highly recommended. With this coverage in place, the risk to the former and continuing partners ...

October 1, 2019 

It’s all too easy to feel stagnant in your career, no matter how much success you’ve achieved. You could be a partner at a major firm and still suffer from a sense of wanting more. You know the story. You have a great job, opportunities to move up ...

Amy Vetter

October 1, 2019 

As businesses mature in their digital transformation, more data is flooding into the workplace at a faster pace than ever before. In fact, IDC predicts the amount of worldwide data produced from cloud applications and devices will grow 61 percent by 2025.

October 1, 2019 

When a bank needs to send money to a location where their bank does not hold an account, the bank instructs an intermediary bank to act as a “middle man” to pass on the funds on their behalf. Funds can transfer between multiple intermediaries ...

October 1, 2019 

By Tim McCormick, SaaSOptics As a CPA, it’s important that you stay on top of financial operations trends and solutions, both for growing your practice and better servicing your clients. One such trend that is within reach and easy to adopt is cloud-based accounting. Today, traditional forms of managing a company’s finances with manual entry,...…