In this issue
September 21, 2020
2020 Reviews of Document Storage and Document Management Systems
In this issue of CPA Practice Advisor, we reviewed both document storage and document management systems, with a features chart included with the review.
September 18, 2020
Repetition and the Way of the World
How often do we start and end our days in the same fashion? Our personal groundhog days see us rising at a particular time, checking on the weather either electronically or by peeking out the window, cleaning, dressing, and ...
September 16, 2020
Election 2020: Comparing the Biden and Trump Tax Plans
Now that the conventions of both major parties have wrapped up, we’re heading into the home stretch of the presidential election race. Naturally, taxes will be a major point of contention.
September 9, 2020
An Unsettled Workforce
The Coronavirus pandemic has turned our world upside down, impacting virtually every aspect of our daily existence. Businesses have been shuttered and jobs lost, many permanently. As the long-awaited reopening of our economy was becoming a ...
September 8, 2020 Sponsored
QuickBooks Desktop 2021 Offers More Automation to Save Time and Boost Productivity
QuickBooks Desktop (QBDT) 2021 delivers enhancements to become even more of the ‘go-to solution’ for accounting firms who want to help their clients succeed and grow their businesses.
September 8, 2020
Does Your Firm Have a Clear Vision for Document Management?
The more this year of clear vision has progressed, the more it has been blurred by the COVID-19 pandemic, frantic reactive thinking, and desperation. However, some firms have continued to look to the future, and have been proactive at choosing their ...
September 8, 2020
AICPA News: September 2020
AICPA News is a round-up of recent announcements from the association.
September 7, 2020
How COVID-19 Unexpectedly Advanced the Future of Auditing
All the lessons we’ve learned from the pandemic so far have played a role in disrupting the status quo and the same holds true for the auditing profession. As those in the profession are all too aware, we have audited the same way for decades.
August 31, 2020
Punch the Clock: Why You Should Stop Billing by the Hour
How Hourly Billing Hurts Clients & What to Do About It.
August 31, 2020
5 Lead Nurturing Email Program Tips
Believe it or not, email is still your ace in the hole when it comes to lead generation. According to the Content Marketing Institute, “31% of B2B marketers say email newsletters are the best way to nurture leads.”
August 31, 2020
4 Phases of Launching a New Service Virtually
When thinking of new services, many firms put business development last on their to-do list. They think they need to create the service, train their people, and develop a big presentation to take to clients.
August 27, 2020
Is There a Right Way to Reopen Your Office?
At the start of the year, would you have ever expected to work so many days from home? Did you bet on an emergent pandemic shutting down businesses and leaving the future of office spaces in flux? Had you ever even heard of Zoom?
August 27, 2020
Changes to Qualified Improvement Property and NOLs Generate Liquidity and Tax Rate Arbitrage Opportunities
The bottom line is that accelerating QIP depreciation to create an NOL may or may not be beneficial. In light of post-COVID-19 taxation rules and regulation changes, forecasting, modeling, and tax planning is more important than ...
August 13, 2020
Impact of COVID-19 on the Foreign Income and Housing Exclusions
As a general rule, if you have clients who are U.S. citizens or resident aliens, and they live abroad, they are taxed on their worldwide income. However, they may qualify to exclude from income up to $105,900 for tax year 2019 ($107,600 for tax year 2020)