May 2018 Tax Channel

May 22, 2018 

May 2018 Tax Channel

IRS Clarifies Tax Requirements for Tip Jars By Ken Berry, J.D., Tax Correspondent Do you ever leave spare change in tip jars or boxes on counters of business establishments? The tax rules for these payments are tricky. In a new Chief Counsel Advice (CCA), the IRS has clarified that cash amounts constituted tips that are...…

 May 2018 Accounting & Audit Channel

May 22, 2018 

May 2018 Accounting & Audit Channel

5 Blockchain Tips for Accounting Firms By Isaac M. O’Bannon, Managing Editor There has been a lot of talk about how blockchain technology will disrupt the role of accounting as we know it today. In truth, disruption has already been happening through automated accounting software and other applications that help accounting firms process data faster,...…

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May 21, 2018 

BakerHostetler Adds Wealth Planning Partners to DC Office

Both attorneys have decades of experience constructing and executing personalized strategic business and tax plans for successful individuals, families and their businesses. Forster will serve as the private wealth practice team coordinator for the ...

 Nearly Half of Organizations do not Track Payroll KPIs

May 21, 2018 

Nearly Half of Organizations do not Track Payroll KPIs

Nearly half (49 percent) of all organizations surveyed admitted to not tracking key performance indicators (KPIs) in their payroll department. That's according to a new survey from Kronos Incorporated conducted with the American Payroll Association.

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May 20, 2018 

Accounting Firm HBK Implements “Anticipatory” Learning System

In a world defined by accelerating change and complexity, the ability to anticipate disruptions, problems, and game-changing opportunities will be the most important skill any business person can possess. Agility—reacting quickly after a problem or disruption occurs—is no longer good enough in a world driven by technology that is changing at exponential speeds. It is...…

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May 18, 2018 

BKD Releases Audit Quality Report

BKD CPAs & Advisors has released its first audit quality report. The 22-page document, “The Importance of Quality: Our Commitment to Integrity & Excellence,” highlights BKD’s policies and practices and shows how the firm’s culture plays an important ...

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May 18, 2018 

2018 Reviews of Fixed Asset Accounting Systems

Whether you’re a startup, a multi-national corporation, or somewhere in between, you have fixed assets. Purchased for long-term use in a business, fixed assets can include office furniture, computers, printers, vehicles, machinery, buildings, and land.

Mary Girsch-Bock

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May 18, 2018 

Sageworks Acquired by Private Equity Firm AKKR

Sageworks' flagship product, ProfitCents, brought to market in 1998 and based on a proprietary artificial intelligence system, was originally designed to convert financial numbers into plain language to help business owners understand their financial ...

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May 17, 2018 

3 Benefits of Flexible Workplace Arrangements

While 82 percent of U.S. workers surveyed say the ability to work from anywhere at any time allows them to maintain a healthy work-life balance, more than half (62%) still prefer to work in the office — and this number is even higher among young ...