In this issue

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December 22, 2021 

Navigating Bonus Depreciation for “Flip-Flop” States

“Flip-flop” states, or those that have gone back and forth between conforming and not conforming with federal tax laws are particularly problematic for tax and accounting professionals, especially when it comes to bonus depreciation.

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December 22, 2021 

3 Trends for Accounting Firms in 2022

Firms willing to adopt new technologies and prioritize employee and client experiences will be in an ideal position to attract new clients and keep current clients happy. Here are three trends to know for the coming year.

Nellie Akalp

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December 20, 2021 

In Firm: 2022 IT Predictions and 2021 Results

We hope our 2022 predictions will provide some insights and hopefully a little inspiration for improving your technology outlook in the New Year. However, before we unplug the proverbial crystal ball, we also want to share our 2021 predictions and ...

Roman Kepczyk

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December 15, 2021 

2022 Taxes: Solar Power and the Federal Tax Credit

Daily headlines remind us of how unreliable and vulnerable our traditional power grids are, which is why more and more accountants are exploring the possible taxpayer savings of solar power for their clients. When the sun’s rays beat down on solar ...

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December 15, 2021 

2022 Fintech and Payments Predictions

Managed properly, AP data will provide a “single version of the truth” about these aspects of the business, enabling more confident strategic decision-making, improved operational control, and a better understanding of customer and supplier needs.

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December 10, 2021 

Apps We Love – Dec. 2021: Giving Back

the pandemic and recent changes to tax deductions for donations have also adversely affected many charitable organizations, with as many as a third now at risk of shuttering due to dwindling funds, according to a recent study.

Gail Perry

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December 10, 2021 

How to Create a Frictionless Busy Season

I know I sound like a broken record when other tax pros ask me about the “busy” in busy season. My response? “The Berg Advisors' busy season runs smoothly with few surprises.”

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December 9, 2021 

Your Personal Enrichment Schedule for 2022

We start the new year, busy season takes hold, then we make some time to relax in the summer, we get busy in the fall again and prepare for family gatherings, and the year-end approaches and we’re back to the start of another cycle.

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December 9, 2021 

Covid Taught Us the Importance of Slowing Down

If Covid has taught us anything, it’s maybe we don’t need to be so busy like before. Before the pandemic, there were always too many things to do, too many clients to see, and never enough time in the day. Finding work-life harmony seemed to be a ...

Amy Vetter

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December 9, 2021 

Avoiding the Inevitable

Before March comes and we feel overwhelmed, an hour of effort now can save 100 hours when it really counts. While you may not be able to find more people, you have options to intentionally navigate this path forward and have a successful busy season.

Garrett Wagner

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December 8, 2021 

How a Learning Culture Can Transform Your Practice

One of the challenges associated with team learning is that everyone is at a different level. Some people are great with technology; others know everything about compliance. And sometimes, people don’t want to let others know they’re struggling with a ...

Paul McDonald

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December 7, 2021 

Tax Season 2022: Are You Ready

Like 2020, the year 2021 is ending in the midst of a pandemic. Though recovery is in sight, and many businesses have long since adjusted to the chaos brought forth in 2020, there are still some challenges faced by taxpayers, and by accountants and CPAs. The question is, how should you best prepare for this...…

Mary Girsch-Bock

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December 7, 2021 

Gearing Up for Tax Season

According to a survey, finding qualified staff was the top issue for every firm-size segment except sole practitioners, and most expect staffing to continue being a top issue in the next five years.

Mike D'Avolio

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December 4, 2021 

Evaluating the New Tax Season Normal for Tax Advisors

By Jim Guarino, CPA, PFS, CFP®, MST. I was recently asked if I thought the upcoming tax season will represent a return to normal for tax advisors and their clients. To be honest, I thought, “What’s normal anymore?” If normal can be defined as adapting to perpetual change, then the answer is an emphatic “YES!”...…

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December 2, 2021 

6 Tips for Managing Technostress

Where would we be without technology? It allows us to work from anywhere, communicate with people across the globe in an instant, and get more done in less time than we’ve ever dreamed possible. But there’s a downside: technostress.

Marc Staut

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December 1, 2021 

Preparing for an OSHA Inspection

President Biden promised to aggressively enforce all workplace laws during his campaign for the presidency. Biden’s direction to the Occupational Safety and Health Administration (OSHA) to double its number of inspectors and increase workplace inspections is a significant indication of the administration’s commitment to this promise. There has been little evidence of any widespread OSHA...…

Richard D. Alaniz, JD