March 2018

Firm Management

There are Thought Leaders Among Us

The term “thought leader” has been around since the late 1800s, which makes me really happy because I was afraid it was something that was made up in the past couple of decades, like “paradigm shift” and “think outside the box.”

Accounting

March 2018 Accounting & Audit Channel

Top Accounting Blogs & Social Media Quality Audits Begin with Quality Fieldwork. Bill Hatzos, Wolters Kluwer blog.http://bit.ly/2Hpk9JY Insights from My Visit to Google. Tom Hood, CPA, via LinkedIn.http://bit.ly/2paYCgO How the Accounting Profession Helps further U.N. Sustainability Goals. Russell Guthrie, Forbes.http://bit.ly/2FKV9Qg 5 Trends Driving Disruption in Accounting Profession. Samuel Edwards, Entrepreneur.http://bit.ly/2dkmewA Rock and Roll Might Not […]

Small Business

March 2018 Small Business Channel

Top Small Business Blogs & Social Media 10 Ways to Stay Inspired and Grow Your Small Business. Small Business Trends.http://bit.ly/2p3ekKG Cosmo’s Guide to Starting a Small Business. Cosmopolitan.http://bit.ly/2FrwUqd How to Budget as a Freelancer. Rieva Lesonsky from Corpnet blog.http://bit.ly/2C2iwU6 Six Lessons to Take a Brand from Startup to Growth. Xero blog.http://bit.ly/2quuKjp 3 Signs a Tech […]

Accounting

Blockchain is a Database, Get Over It

There is a mania surrounding the blockchain technology which underlies cryptocurrencies– it is surrounded by a boundless enthusiasm, and based on the breathless excitement, one might believe that it is the cure for cancer, Alzheimer’s disease, and the ...

Accounting

Long Term Care Accounting

As Baby Boomers continue to age, the long-term care industry continues to garner much attention from both service providers and investors alike. The industry continues to grow and with that growth comes continued demand for solid accounting systems and...

March 2018 Tax Channel

Top Tax Blogs & Social Media New Tariffs Won’t Work as Planned. Scott A. Hodge, Tax Foundation.http://bit.ly/2HpBHph State Legislation for Online Sales Tax is All Over the Map. Avalara blog.http://bit.ly/2HpYLnO Mnuchin Says IRS Needs More Funding. From the Wolters Kluwer blog.http://bit.ly/2FsSYBF Tax Evasion Can Contribute to Loss of Professional License. Tax Lawyer blog.http://bit.ly/2oZ96R1 Tax Reform […]

Payroll

March 2018 Payroll Channel

Top Payroll Blogs & Social Media 5 Proven Strategies to Retain Top Talent. Corpnet blog.http://bit.ly/2FLWSou The 6 Best and Worst Cities for Small Bi Hiring. Sonya Mann, Inc.http://on.inc.com/2Dl4Z5V Impact of Oregon’s Equal Pay Act. Jennifer Kiesewetter, ADP Boost blog.http://bit.ly/2tFeHAS Payroll Filing Deadlines for 2018. James Paille, Thomson Reuters blog.http://tmsnrt.rs/2Im32Kj 3 Steps to Reduce Employee Tardiness. […]

Firm Management

March 2018 Firm Management Channel

Top Firm Management Blogs & Social Media 12 Signs Your Firm is Not Acquisition-Ready. Marc Rosenberg Blog.http://bit.ly/2FszwVt Deloitte Pays UK Women 43% Less than Men. David Hellier from Bloomberg.https://bloom.bg/2tvuwKg 4 Olympic Sports Accountants Can Learn From. Thomas Curley from Sageworks blog.http://bit.ly/2EMiOfn How to Fire a Client, and How to Prevent Needing to. Stacy Kildal from […]

Accounting

Undercover Operation Results in New Version of FreshBooks

When the transition occurred in mid-2017, anyone who signed up for FreshBooks as a new customer got the new product. “We started inviting our existing customers to try out and switch to the new version. They would receive the invite, log into their ...

Payroll

An Aging Workforce – Is 60 the New 40?

Despite spending on average almost $4,000 to fill an open position, employers are finding that those tech-savvy millennials, Gen X, Y and Z new hires, often jump ship in a matter of months, if not sooner. Studies have confirmed that millennials change ...

Payroll

Top 5 Executive Networking Mistakes — And How to Avoid Them

Just because you have an extensive work history does not mean you have a robust circle of professional contacts. And one reason for that deficit is networking mistakes. When you commit these faux pas, you could be losing out on business opportunities, ...

Sales Tax

Do Businesses Have to Report Non-Taxed Sales to Other States?

You might think your retail or ecommerce clients have no legal obligation in states where they aren’t required to collect and remit sales tax. You, and your clients, could be wrong.

Accounting

2018 Reviews of Invoicing Systems

The ability to process recurring invoices for items such as subscriptions and memberships, or monthly donations is important, as are things such as invoice branding and customization capabilities. And it never hurts to send customers a payment reminder...

Accounting

2018 Reviews of Accounts Receivable (AR) Systems

Successful business owners know that in order to remain successful, and in business, customers must pay their bills on a timely basis. A solid accounts receivable system offers a variety of features that can assist with that, including offering a ...

Digital Currency

The Taxability of Cryptocurrency

This past year, cryptocurrencies, particularly Bitcoin, saw a meteoric rise in popularity and usage. Once considered something that is only utilized by cutting-edge tech gurus, cyber criminals, and those who trade on the black market, cryptocurrency ...

Accounting

8 Marketing Tips for Eldercare and Retirement Accounting Services

What does that tell you about elder care facilities? They will be in need of many accounting services, from payroll to risk management and from government regulations to retirement and VA benefits. Additional services could also be provided to ...

Payroll

Four Ways Businesses Can Lower Payroll Management Risk

As soon as a business hires its first employee, the challenges of payroll management begin. The technicalities and need for vigilance increase exponentially as the company grows and its workforce expands. Even if it downsizes staff and turns more ...

Accounting

Why and How: Cognitive Computing

Emerging technologies have always changed the practice of accounting. Further, your clients’ businesses also change based on their choices to use technology. Emerging technology is no long “emerging” when it becomes mainstream.

Firm Management

5 Keys to Successful Technology Consulting

More CPA firms are recognizing the value of providing technology consulting services to their clients. As a trusted advisor to your clients, you have a valuable understanding of your client’s business, and it’s natural for your clients to turn to you ...

Accounting

Whatever You Do, Do NOT Forecast!

As financial advisors, we are tasked with the responsibility of creating an environment where business owners can carefully develop a strategy for taking their coming year to the next level. In the title, I said, “do NOT forecast.”

Firm Management

Busy Season Opportunities

One of the challenges many CPA firms face today is trying to figure out how to handle digital disruption and find new, valuable ways to work with clients. Let’s break that sentence down into its two parts. First, digital disruption; what is it?

Payroll

Salaries on the Rise According to New Study

This is great news for workers, but it puts pressure on employers, many of whom are finding that aligning pay with the overall market is no longer enough to attract top talent.

Sales Tax

Congress May Consider Remote Sales Tax Law Before Supreme Court Case

The explosion of ecommerce has exacerbated an issue that’s long rankled many states: their inability to tax out-of-state businesses making sales within their borders. States have challenged this physical presence limitation numerous times but the ...

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Is IRC §280E a Tax or a Penalty?

There was an interesting appeals case, that turned into a Writ of Certirori[1]. Green Solutions Retail, Inc. v. United States, started in US Tax Court. Green Solutions is a Colorado cannabis dispensary, that had its 2013, and 2014 tax returns audited ...

Advisory

Businesses Not Assessing Risks of Adopting Emerging Technologies

Nearly half (47 percent) of the 200 senior IT risk management executives surveyed whose companies have adopted mobile applications and devices have not included them in recent IT risk assessments. The findings for other emerging technologies are ...

Payroll

March Madness Brings Mayhem to the Workplace

Employees are mad about sporting events like March Madness, suggests a new survey from staffing firm OfficeTeam. Professionals said they spend an average of 25.5 minutes per day on sports-related activities in the office during the college basketball playoffs. With the tournament spread across 15 workdays, that’s the equivalent of six hours per employee. View […]

Firm Management

6 Tips for Recruiting Today’s Top Accounting Students

What does your firm do to stand out as a great place for new accounting grads to land? Is your online presence fresh and engaging? Do you show entry-level employees the money? Do you give them room to grow as they progress in their careers?

Being Present During Busy Season

It’s that time of year again: long nights at the office, a seemingly infinite inbox, lunch and sometimes dinner at your desk. It’s easy to have an out of body experience when you’re sitting at your desk for upwards of 10 hours every day.

Accounting

CES 2018: Accounting Hardware Highlights

Each January, over 170,000 technology and electronics enthusiasts descend upon Las Vegas to attend the world’s largest Consumer Electronics Show (CES) to see the latest consumer technologies. While a significant amount of the media attention ...

In this issue

There are Thought Leaders Among Us

March 2018 Accounting & Audit Channel

March 2018 Small Business Channel

Blockchain is a Database, Get Over It

Long Term Care Accounting

March 2018 Tax Channel

March 2018 Payroll Channel

March 2018 Firm Management Channel

Undercover Operation Results in New Version of FreshBooks

An Aging Workforce – Is 60 the New 40?

Top 5 Executive Networking Mistakes — And How to Avoid Them

Do Businesses Have to Report Non-Taxed Sales to Other States?

2018 Reviews of Invoicing Systems

2018 Reviews of Accounts Receivable (AR) Systems

The Taxability of Cryptocurrency

8 Marketing Tips for Eldercare and Retirement Accounting Services

Four Ways Businesses Can Lower Payroll Management Risk

Why and How: Cognitive Computing

5 Keys to Successful Technology Consulting

Whatever You Do, Do NOT Forecast!

Busy Season Opportunities

Salaries on the Rise According to New Study

Congress May Consider Remote Sales Tax Law Before Supreme Court Case

Is IRC §280E a Tax or a Penalty?

Businesses Not Assessing Risks of Adopting Emerging Technologies

March Madness Brings Mayhem to the Workplace

6 Tips for Recruiting Today’s Top Accounting Students

Being Present During Busy Season

CES 2018: Accounting Hardware Highlights