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May 20, 2014 

May Checklist for Accounting & Tax Firms

Many years ago, in a warm sunny May of my youth, I finished college (or so I thought), packed everything I owned in a U-Haul truck, and drove to Washington D.C. I was so bold and happy. I had no job, no place to live, just a passion for whatever life had in store for…

Gail Perry

 AICPA Urges New Professional Development for CPAs

May 20, 2014 

AICPA Urges New Professional Development for CPAs

CPAs need to embrace new ways of learning to thrive in a competitive, rapidly evolving global marketplace, according to the findings of an American Institute of CPAs task force. To help chart that path, the working group has issued an innovative report designed to spark a reinvention of career development within the CPA profession.

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May 19, 2014 

CPA2Biz Rebrands Itself as CPA.com

CPA2Biz, a subsidiary of the American Institute of CPAs, has changed it's name to CPA.com to more closely align the business with its mission of "empowering CPAs and businesses for the digital age."

 The Secret Sauce to Beating the Competition

May 15, 2014 

The Secret Sauce to Beating the Competition

His firm has seen around 70 new clients since it opened, and business increased by 50% last February. James says that much of his success lies in his team’s terrific focus on giving his customers what they want, something he feels is often overlooked in other firms who are too busy chasing the next prospect.

Hugh Duffy

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May 15, 2014 

Intuit Acquires Online Accounts Payable System Invitbox

Intuit announced late Wednesday that it has acquired Invitco. The Australia-based company is the developer of Invitbox, an online system for managing accounts payable. Intuit is the company behind QuickBooks, TurboTax, Quicken, Mint and many other small business and financial management systems.

 Intuit Marks First “Accountant Day”

May 14, 2014 

Intuit Marks First “Accountant Day”

On May 8, Intuit market the first-ever Global Accountant Day (Twitter: #accountantday), bringing the company's more than 250 accountant-facing employees a challenge to put aside their day-to-day work to reach out and interact with an accountant.

 Bitcoin Users: IRS Throws Monkey Wrench Into the Works

May 13, 2014 

Bitcoin Users: IRS Throws Monkey Wrench Into the Works

After several years of head-scratching, the IRS has finally offered guidance on the tax treatment for virtual currencies like Bitcoin (IRS Notice 2014-21). In brief, taxpayers have been advised to treat Bitcoin as property for U.S. tax purposes. But accountants, particularly those with small business clients, are still struggling to get a better handle on…

Ken Berry, JD

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May 13, 2014 

Holistic Accounting – A New Approach

In quiet conversations, the concept of holistic accounting is being examined and considered as the next major trend in client services. In a nutshell, holistic accountant addresses the client as a complete entity and seeks to help in meeting all of their business needs.

Dave McClure