In this issue
December 18, 2019
2019 Review of Website Builders for Accounting Firms
Web visitors make snap judgements in under 5 seconds, and if your web design comes up wanting, it’s likely that your firm will as well. Remember, for many of your potential clients, their first impression of your firm will be via your website.
December 18, 2019
AICPA News – December 2019
AICPA News is a roundup of recent announcements from the American Institute of Certified Public Accountants.
December 18, 2019
Predictions for 2020
We're featuring predictions in this issue as well as highlighting the winners of the 2019 40 Under 40 and 20 Under 40 awards – that's a lot to digest for people who might think the accounting profession is a stagnant place.
December 17, 2019
5 Ways Inconsistency Is Costing Your Firm
Many firms are looking for new ways to leverage technology to save time, scale their services and increase profitability. However, when those firms operate daily with processes that are disorganized, lack consistency and are ineffective, even the very ..
December 16, 2019
2020 Hiring and Compensation Trends for Accounting Firms
The fierce competition for top accounting talent we’ve been seeing isn’t expected to dissipate anytime soon. Now more than ever, it’s crucial for public accounting leaders to keep a finger on the pulse of the employment market to ensure they can ...
December 16, 2019
2019 Review of W2 and 1099 Systems
Whether you’re a small, local businesses, or a global enterprise, if you have employees, you need to process W-2s. This is typically completed through your payroll service, but if you handle payroll in-house, you are responsible for processing these ...
December 16, 2019
6 Ways Accounting Firms Can Attract Catering Clients
If you’re looking to add new catering clients to your existing client list or are expanding into this client vertical, chew on this marketing food for thought. You can find new clients with little to no budget, as well as expand your brand’s reach to ...
December 16, 2019
Perspective + Motivation = Reward: How to Unlock Your Best Self
Have you ever had that moment at work when you realize you’re just going through the motions? Times when your doing the task in front of you with as little engagement as possible, as if on autopilot? I think we’ve all been there.
December 13, 2019
Does Your Firm Need a Technology Steering Committee?
In an accounting firm, technology is embedded in everything we do. Yet too often, we see firms hand off responsibility for all technology projects to their IT teams. Firms that successfully leverage technology as a strategic asset recognize that ...
December 12, 2019
Do Your Best Emerging Technology
From the December 2019 Issue. I my columns last year, I explored the details of various emerging technologies. For this column, I’d like to re-visit and update changes in emerging technologies for the profession. The frenzy continues around several emerging technologies, and some of the hype is starting to be true. Startups and traditional providers...…
December 11, 2019
What to Know for 2019 Year-End Reporting Compliance
There are substantial changes to year-end reporting guidelines for tax and payroll that you'll need to know for 2020.
December 11, 2019
Slow Down, Mustang SALY: Time for Innovation
You could not make it through 2019 in the accounting industry without hearing the buzz word of the day, innovation. Can it be true that the accounting industry stands poised for an age of innovation or will SALY (Same As Last Year) continue to prevail?
December 10, 2019
What Are Excepted Benefits, and Should You Offer Them to Employees?
Navigating through the waters of health insurance coverage is tricky. You might be wondering, "Do employers have to offer health insurance?" Although the Affordable Care Act (ACA) requires employers with 50 or more full-time equivalent employees to ...
December 6, 2019
In Firm: 2020 IT Predictions and 2019 Results
With technology evolving at an increasingly breakneck pace and impacting literally every aspect of today’s accounting practice, it has never been more difficult to separate the tech hype from the reality of workable solutions.
December 5, 2019
Pre-Contact Minimum Income Probes the IRS Conducts Before an Audit
It is not uncommon for taxpayers, and even some tax professionals, to assume that the examination process begins when the Tax Compliance Officer or Revenue Agent sends the first notice to the taxpayer. However, this is not the case.
December 5, 2019
What Entity Structure Is Best for Active Income vs. Passive Income?
When it comes to passive vs. active income concerns, you should be ready to advise which structure makes the most sense for them and offers the best tax advantages.
December 2, 2019
Finish the Year Strong with these Financial-Fighting Tactics
In January, you entered the ring for your clients to go toe-to-toe with their biggest financial challenges — and quarter after quarter, you flew like a butterfly and stung like a bee. But now, with the bout reaching the final rounds, you need to make ...
November 26, 2019
2019 Year-End Tax Planning Tips for Individual Clients
As the year winds to a close, tax professionals have the opportunity to look at their clients’ tax situations to identify tax savings or deferral options that may help decrease their tax liability.