Article

May 11, 2022 

If you are on the accrual method of accounting, and you recognize income as it is incurred and someone doesn’t pay you, you have a bad debt. However in cannabis you are stymied by Section 280E, which only allows cost of goods sold (COGS) to be deducted.

Craig Smalley

May 11, 2022 

Price can lead to sticker shock for a lot of firms. Often, people think, “it’s going to cost that much?!” This can lead them to miss out on a solution that can supercharge their firm in ways that manual work cannot.

May 11, 2022 

Prepare to replace all your end-user hardware. The value proposition became clear when presenting at a conference in the past week. 2022 is the start of a massive wave of technology innovation. I have seen this type of wave a few times in my career.

Randy Johnston

May 9, 2022 

Creating more balance in your life can help you take control of your future and your happiness. As a firm owner, you have the power to create your ideal life and your ideal firm. It’s just a matter of figuring out what that means for you, removing ...

May 9, 2022 

The right software will save your accounting firm time, money, and frustration. But finding the right solution isn’t as easy as using the first product you come across on a Google search or using the same solution that your friend at another firm uses.

May 9, 2022 

But are you using your workflow checklists to their fullest potential? Have you optimized your workflow checklists so you can delegate work to your team and ensure consistent, high-quality client deliverables without you being involved?

Shahram Zarshenas

May 9, 2022 

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants.

Mary Girsch-Bock

May 2, 2022 

The tax season is often measured by the revenues a CPA firm generates, so this time period is make-or-break for the whole year. Adopting a reliable, secure cloud-based platform designed especially for CPA firms will help reduce stress for tax preparers...

Christopher Stark

May 1, 2022  Sponsored

“Behind every good business is a great accountant.” And behind every great accountant is … a reliable payroll partner provider? Not exactly. Your payroll partner should be so trustworthy, reliable, and all-around grounded that they work from the shadows. It’s your practice and reputation, after all. They just help you shine. But if your payroll...…

April 27, 2022 

One of the more interesting results was that 63% of firms that responded indicated that they were using an external cloud provider to host their applications, up from 51% in 2020. These survey results indicate that firms have continued to move away ...

Mary Girsch-Bock

April 27, 2022 

In today’s world, where everything and anything can be found on the internet, even if your current clients are talking up your firm to their friends and colleagues, chances are that before those prospects shoot you an email or pick up the ...

Mary Girsch-Bock

April 27, 2022 

Here’s a scenario in which you might be familiar. A partner in your firm specializes in a niche area. But he/she is not showing up in search results as prominently as they should or could. What can you do to help them elevate their search ranking and ...

Becky Livingston