As another tax filing deadline looms, CPAs across the country are going to deal with one of the harder parts of the business: retaining clients. As the usual loss of clients occurs, many firm owners begin to ask, “What can we do to keep our clients?” Rather, the question you should be asking is: “How can we
There is a general perception across corporate America that middle managers have a tough job. In their article “Why Being a Middle Manager Is So Exhausting,” I think Eric M. Anicich and Jacob B. Hirsh describe it best: By virtue of their structural positions, [managers] are simultaneously the ‘victims and
If you aspire to be an influential strategic business advisor to your clients, you must learn how to ask the questions that help you drill down into how they’re really doing so that you can help them navigate that reality. The first step to asking the right questions is approaching
Some sales are easier than others. Take selling a car, for instance: The dealer quotes a price, you negotiate a bit, and then you walk away after making a payment and receiving the vehicle. Your responsibilities are over. Selling a business isn’t as simple, however. You may have clients considering
For those of you who’re just joining in, part one explained that Form 1040’s Schedule A allows itemizers to deduct state and local income taxes or state and local general sales taxes. They can’t write off both in the same year (line 5a of 2020’s Schedule A for itemized deductions).
Intuit ProConnect has partnered with Practice Ignition with the goal of increasing productivity for tax professionals. Practice Ignition, an automated proposal and payment management software that eliminates administrative tasks, will work in tandem with Intuit’s professional tax products, allowing for a better end-to-end workflow for tax professionals. Specifically, the ProConnect
The American Rescue Plan basically expands Form 1099-K reporting threshold for third-party settlement organizations to focus on $600 in value of transactions annually without regard to the number of transactions. The old rule, which still the rule in 2020 and 2021, focuses on a $20,000 minimum with an added limitation
Wolters Kluwer Tax & Accounting has partnered with CoinTracker and Verady – developer of Ledgible Tax Pro – to provide integration between these cryptocurrency solutions and its CCH Axcess Tax and on-premises CCH ProSystem fx Tax expert solutions for tax compliance. Both CoinTracker and Ledgible Tax Pro are cryptocurrency tools
On March 11, President Biden signed into law the American Rescue Plan Act (ARPA) of 2021. This bill introduced a $1.9 trillion COVID-19 relief package designed to help boost the economy amidst the effects of the pandemic. This article will focus on those who received unemployment benefits as well as
With the tax cuts in the American Rescue Plan reducing the costs of childcare for families, your clients may actually save money by paying their nannies legally if they are not doing so already. Tax breaks, including those in pandemic relief legislation, are obviously not available to families who pay