In this issue
September 17, 2019
AICPA News: Sept. 2019
A roundup of news briefs relating to the American Institute of Certified Public Accountants.
September 17, 2019
The Carrot and the Stick
Conventional wisdom suggests the carrot has worked in the past, and young staff accountants devote their careers to chasing the carrot, angling to become a partner.
September 16, 2019
2019 Review of Document Management and Document Storage Systems
How many times have you or your staff misplaced a document lately? Perhaps you were positive it was on your desk, but you suddenly realize it’s nowhere to be found. If you’re one of the lucky ones, you found the document in question later that day...
September 16, 2019
What Would a Recession Mean for IRS Tax Reporting Enforcement?
One aspect of an economic slowdown companies are prone to overlook involves taxes. Recessions tend to widen the tax gap, essentially the difference between how much taxpayers owe and how much they actually pay. An increase in the tax gap would almost assu
September 13, 2019
Perpetual Accounting: The Future of the Profession
In a world where consumers expect convenience at the tap of their finger and efficiency is the order of the day, a new kind of accounting is beginning to take shape. Instead of completing tasks through individual, discrete customer interactions ...
September 11, 2019
Apps We Love – Sept. 2019: Tutoring
Having been a college-level personal financial planning instructor at Education 2 Go (ed2go) for almost a decade, I can recommend the format, the interplay between instructors and students, and the variety of educational offerings.
September 11, 2019
Do Your Best Document Management
It is hard to believe how much document management has changed over the last thirty years. Modern systems have far greater capabilities than those designed even ten years ago. Are you using your document management system (DMS) just like you have in ...
September 10, 2019
Back to the Chalk Board – Marketing To Educators and Tutors
If your firm is targeting educators and tutors as a new industry vertical, or looking to expand its opportunity within this vertical, here are some marketing tips.
September 9, 2019 Sponsored
New! Receipt Capture in QuickBooks Online Drives Efficiency
With Receipt Capture, you and your clients can snap and store receipts digitally in QuickBooks Online to save hours of labor. Once receipts are uploaded to QuickBooks Online, they are automatically categorized and matched to transactions.
September 9, 2019
Addressing the Fear of Automation
The tasks being automated aren’t what clients value. Does anyone truly believe that clients appreciate that your staff manually enters every number into a tax return or trial balance? Of course not.
September 5, 2019
Avoid These 5 Hiring Pitfalls
Employers face hiring challenges in every business environment. Today, however, when the unemployment rate for accountants and auditors is just 1.5%, recruiting difficulties become even more severe.
September 4, 2019
6 Process Improvement Considerations for CPA Firms
The accounting profession tends to overcomplicate processes and insert extra steps to ensure quality. Even if you’ve been through a process improvement initiative, unless you continually monitor the process and look for ways to improve it, these extra ...
September 2, 2019
Back to the Chalk Board – Marketing To Educators and Tutors
If your firm is targeting educators and tutors as a new industry vertical, or looking to expand its opportunity within this vertical, here are some marketing tips.
September 2, 2019
Guide for Reporting Tip Income by Employers & Employees
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.
August 26, 2019
How to Use Data Discovery to Forecast Your Firm’s Future
, 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...…
August 22, 2019
IT Considerations in Mergers & Acquisitions
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 ...