Two previous columns discussed often-overlooked tax breaks available in 2021 for freelancers, consultants and other self-employed individuals who pay their sons and daughters reasonable wages for work actually done by the children on behalf of their businesses. You can read about TCJA tax benefits and more. Adding children to payrolls
You may disagree with a situation at your firm behind closed doors, but as a leader you need to be part of putting on a unified front. To do otherwise can spread poison within your firm. Do you find that tough to do? Here are a few tips for handling practice management
Many employees previously working physically in one state now find themselves working remotely from another, as COVID-19 continues to increase the pace at which the nation’s workforce fulfills their many different jobs from home. And, in the wake of such large-scale mobilization of so many employees in different industries, states
The new capabilities in CCH Client Collaboration were developed specifically to save firms and clients time during a busy tax season and to reduce overall tax filing season compression. They include several new features designed to help decrease the time clients spend collecting and delivering tax documentation to their accountant, paying invoices
Despite the tax law change, the key principles remain relevant today. In the new case, a Maryland taxpayer had an insurance consulting business. He claimed deductions for a laptop he purportedly used at home for business purposes. The IRS denied the deductions and the case, which also involved contested gambling
I understand that there are firms out there that haven’t yet embraced apps or the cloud quite like I already have. So, I want to share with you my proven steps for evaluating technology in order to drive efficiency in my firm, so you can do so in yours. Write Out Your Process
A great group of accounting professionals make up our #AccountingTop100 network. Our leaderboard has brought them together, but it is the genuine appreciation that they share for each other that unites them. As it so happens, today (April 14) is “National Reach As High As You Can Day” (#ReachAsHighAsYouCanDay) which
This is an essential tool for small-business owners and the self-employed. Free Book Preview Tax and Legal Playbook Get game-changing solutions to your small business questions. July 4, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If