In this issue
December 19, 2017
A Step-By-Step Marketing Plan to Gain and Keep Franchise Clients
When you think about franchisees, do you imagine them working in and managing their business on a day-to-day basis? If so, you may only be thinking about a portion of the industry. In some case, they may own the franchise, but not actually work in ...
December 19, 2017
2018 IT Predictions for Tax and Accounting Firms
University professor John M. Richardson summed up his view of the future by stating: “When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened.”
December 18, 2017
December 2017 Firm Management Channel
U.S. accounting firms that use advancement programs for promoting women to leadership positions overwhelmingly view them as effective tools in recruiting and retaining talent, according to new research by the American Institute of CPAs.
December 18, 2017
December 2017 Payroll Channel
When you run payroll, you must comply with payroll and labor laws. Brush up on payroll compliance legislation and common compliance mistakes so you can accurately run payroll without fear of penalties.
December 18, 2017
December 2017 Tax Channel
In the case of cryptocurrency, we have a dichotomy where the IRS is treating the currency as property for income taxes, and then asking that the property be reported as a foreign bank account.
December 18, 2017
December 2017 Accounting Channel
Young finance professionals at small and medium-size practices are a mobile group who seek out professional development and are well-equipped to deal with changes being driven by globalization and technology, finds a new report by ACCA.
December 18, 2017
December 2017 Small Business Channel
Generating sales can be a complex and sometimes expensive endeavor, with marketing campaigns, lead nurturing programs, solution demos, RFPs, on-site presentations and follow-up meetings all forming a part of the typical process.
December 18, 2017
What Every Supervisor Should Know
It should come as no surprise to most employers that today's workplace has come to be regarded as the most regulated place in America. It is so because of one simple fact. The federal government, state government, and even local entities, such as ...
December 18, 2017
7 Ways to Foster a Winning Firm Culture
No matter if they offer similar services, each business has a different workplace culture. Some firms have a reputation for a relentless pace, whereas others pride themselves on family-friendly policies and programs. Some are known for having fun, ...
December 18, 2017
Holistic Firm Management is Best
As you wrap up another successful year, you may be reflecting on the best techniques and tools you can use to manage your firm. While people and their skills are your most important asset, you can help your team by providing the right technology tools. It
December 18, 2017
The 5 Biggest Mistakes People Make When Buying A Franchise
Investing in a franchise is a major decision. While on the one hand you’re buying into a proven model, you have no evidence it will work in your town or in the location you choose. We spoke with Joel Libava, The Franchise King, who wrote ...
December 18, 2017
Building Client Relationships in a Distributed World
While there are clear benefits, cloud-enabled accounting solutions have greatly reduced or eliminated the need to interact directly with clients. Gone are the days of visiting client sites to help them process paper checks, or receive their paper records.
December 18, 2017
The Basics of Franchise Accounting
As a franchise owner, you can run your own business without the risk of starting a brand new company. Like any business, you take on the many responsibilities of day-to-day operations, including some basic accounting tasks.
December 18, 2017
Business, Balance and Bliss: Staying Away From Work When You’re Out Of The Office
People are always talking about the precarious balance between work and home life. Work-life balance, the catchall phrase, ultimately asks, can you give equal attention to both a career and a family? I prefer to approach it as work-life harmony, where ...
December 18, 2017
Apps We Love – Podcast Managers and Podcasts
Many of us will be taking some time away from the office during the holidays, but that doesn’t mean we won’t want to stay connected with what’s happening in the world. We surveyed members of the CPA Practice Advisor community to find out how they ...
December 18, 2017
The 2017 Most Powerful Women in Accounting
This month we announced the winners of the 25 Most Powerful Women in Accounting awards. This annual celebration recognizes women throughout the profession who are making a measurable difference in the success of the accounting profession itself as ...
December 18, 2017
2017 Review of Document Management & Storage Systems
It’s been estimated that nearly 20 percent of an employee’s time is spent searching for documents. To make matters even worse, according to PricewaterhouseCoopers, 7.5 percent of documents in an office are simply lost. Not misplaced, or on someone’s ...
December 15, 2017
ALTER Your Path: 5 Steps to Becoming a Consultant
As we try to keep up in today’s fast-paced, disruptive world, we need to remember we are extremely valuable. We have a fundamental understanding of how business works. Yes, it ties back to debit and credits, but today we don’t need to worry so much ...
December 14, 2017
8 Mistakes to Avoid When Hiring Seasonal Employees
With winter approaching, employers in certain industries may need to hire temporary employees to help handle seasonal increases in demand. Even though seasonal employees are by definition short-term hires, cutting corners during the onboarding ...
December 12, 2017
How Accounting Firms Can Leverage the Gig Economy
While freelancing is a part-time or side-gig for many people, a growing number of people make it a full-time living. Twenty-nine percent of survey respondents said their freelance business is their only source of income, up from 17% in 2014.
December 6, 2017
5 Year-End Payroll and Tax Issues
As Americans wrap up the holiday season, small business owners also need to keep a focus on several payroll and tax-related issues they will face by year-end.
November 21, 2017
Will New Use Tax Laws Kill Tax Free Shopping?
Recently, Scott Peterson, Vice President of U.S. Tax Policy and Government Relations for Avalara, conducted a Facebook Live Chat to discuss use tax laws and shipping. This is a topic CPAs and accountants should know more about - not only to educate ...
November 21, 2017
New Sales Tax Reporting Requirements for Remote Sellers
As state and local tax authorities continue to pursue lost sales tax revenue from out-of-state business e-commerce, a new enforcement approach has emerged. Referred to as “reporting laws,” these statutes require out-of-state sellers with no sales tax ...
November 20, 2017
Valuation of a Cannabis Business
The Internal Revenue Code is so vast, and the laws surrounding cannabis are so complicated, that you have to stay up to date on the pulse of the community. My license is a Federal License and I have about 75 cannabis clients all over the country.
November 20, 2017
Phases of Change
Change evokes many emotions: fear, curiosity, exhaustion, loyalty, paranoia, optimism, rage, and revelation, to name a few. Unfortunately, management often overlooks or underestimates the emotional impact of changes such as mergers, process ...
