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Millions of small businesses selling online; the return of retro technology; and eight other developments accountants and their clients need to know about. 1. Amazon report cites more than 1 million small-business sellers on platform. A recent Small Business Impact Report from Amazon shows that more than a million U.S.-based small and midsized businesses are […]
Here’s what we all know: Tax businesses are seasonal. And while successful tax professionals find themselves with a surplus of business from January to April, the months of May to December are way too light. But with the right mindset and management, tax professionals can turn a flood of seasonal customers into year-over-year recurring revenue. […]
The Supreme Court ruled in June that states have the authority to require businesses to collect online sales tax on purchases even if the business does not have a physical presence in the state. Previously, businesses were only required to collect sales tax in states where they operate physically. Though some major online retailers like […]
Jurors in the Paul Manafort fraud trial heard closing arguments Wednesday summarizing the dramatic testimony over the last two weeks. Witnesses said he made $60 million as a political consultant in Ukraine but was desperate for cash by the time he became Donald Trump’s campaign chairman in 2016. Manafort’s case is the first to go […]
At the onset of every client acquisition program, we all run into the proverbial funnel (or pipeline) and have to push clients through different phase gates of the process. Despite various gentle nudges, love taps and tactics to shorten the cycle time, all experienced marketers and rainmakers acknowledge that this process is too slow and […]
Digital transformation has been a near constant topic of conversation among accounting and CPA communities in 2018. The trend can be defined as the shift from antiquated, manual processes to automatic, technology-driven ones. Think switching from mailing out paper invoices and collecting checks before driving them to the bank, to sending out electronic invoices with […]
There are no fewer than 130 new tax provisions in the Tax Cuts and Jobs Act, according to Shaun Hunley, a technical editor of PPC products for Thomson Reuters Checkpoint in the Tax Accounting business of Thomson Reuters, but with tax practitioners starting to focus on helping clients address the act’s impact, he has singled […]
The Massachusetts Society of CPAs announced on Monday that seven women have been honored with the 2018 Women to Watch Award, recognizing those who have made “outstanding contribution to the accounting profession, their community, place of employment and/or to the development of women as leaders,” according to the Society. Seven women were highlighted, with three […]
The Financial Accounting Standards Board is proposing to make a number of narrow improvements in the lease accounting standard as public companies get ready for it to take effect at the end of the year. The proposal aims to reduce some of the costs and implementation headaches of appplying the leasing standard. It would also […]
As we enter into the tax planning stage of the year, the focus shifts to helping clients understand the impact of the Tax Cuts and Jobs Act and optimize their tax positions. That is no small task, given that there are over 130 new tax provisions. Here are the top five TCJA tax planning opportunities […]
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