With summer quickly approaching, you may be planning for a much-needed vacation. Anywhere other than your office sounds good, right? We’re big fans of taking vacation time around here because we’ve learned the hard way that all work and no play leads to burnout, fast. Well-rested CPA’s are the best CPA’s because their stress level […]
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As a tax business owner, you know the importance of constantly looking for ways to reduce costs. We’re going to help you by sharing the benefits of increasing workplace efficiency. Workplace efficiency has a sort of domino effect to it: Every time you practice efficiency in the workplace, you decrease the amount of time (and
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We don’t always agree and regardless the issue, there are always arguments on both sides, and discussions are often heated. Expect nothing less toward proposed tax cuts by the Treasury Department. They are bringing forth both anticipation and trepidation by a growing number of industry experts and economists. The plan is called unaffordable and unfair.
Why Are Tax Industry Experts Leary of Proposed Tax Cuts? Read More »
Some laws are enacted because they appear to provide solutions to issues in need of resolution. That seemed to have been the case with the Tax Cuts and Jobs Act (TCJA) for depreciation of qualified improvement property (QIP), enacted December 2017. It had an immediate impact on 2017 taxes filed after January this year. Instead
Is The New Tax Cut For Qualified Improvement Property Unfair to Restaurants? Read More »
Not so fast, taxpayers! Proceed with caution, warns the IRS, after New York and New Jersey approved workarounds involving charitable organizations. Earlier this year New Jersey Governor Phil Murphy and New York Governor Andrew Cuomo signed new legislations in their respective states allowing local governments to set up charitable organizations that can accept property tax
Taxpayers Proceed With Caution Warns the IRS Read More »
Have you heard? The Supreme Court ruled on South Dakota v. Wayfair and Quill v. North Dakota has been overturned. What does this mean? Online retailers are going to face new challenges in the months to come and will need to decide whether to start collecting tax, what software they may need, and how to
Quill Overturned! – How Does This Effect Retailers? Read More »
Let’s take a look at job descriptions. Chances are you already have job descriptions for your team. If you don’t, it’s time to write those! Job descriptions are so important for setting expectations and doing performance reviews! Assuming you already have job descriptions, it’s important to keep them current. When is the last time you
Why You Need To Update Your Job Descriptions Read More »
Financial services companies have been competing with CPAs in the accounting and tax business for years. Many CPAs are or are in the process of becoming licensed investment advisors. As a Financial Advisor, you may find yourself avoiding a CPA who list financial services or specialty insurance licenses on their websites. It’s easy to assume
How To Eliminate The Rivalry With CPAs Read More »
Welcome back! This month we’re talking about all things tax related, including tax terms. If you missed our other posts this month, we invite you to check them out now. To learn how to choose the right entity, click here. To find out how you can take advantage of some surprising tax deductions, check this
Key Tax Terms You Need To Know To Win The Tax Game Read More »
This month we’re talking about everybody’s favorite topic: taxes and tax obligations. We know, we know…it’s actually not your favorite topic, nonetheless, it’s a very important topic so it’s something we’ve got to address. If you missed our first two posts this month, make sure you check out our posts on How To Choose The
Tax Obligations You Need To Know About Read More »