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There are three simple strategies that can practically guarantee an accounting firm double-digit growth, according to consultant Adelaide Ness — but just because they’re simple doesn’t mean they’re easy. “These are tried and true, in firms as small as a couple of people and for really big firms. They work for any size firm — […]
Probably the most significant and recent development in state tax collection efforts is the rise of marketplace facilitator laws. These laws shift the sales tax collection and remittance obligations from a third-party seller to the marketplace facilitator. Placing the burden of sales and use tax compliance on the marketplace provider, and not the seller, means […]
Data has always been the cornerstone of an accurate and compliant allowance for loan and lease losses (ALLL), and it will remain critical under the current expected credit loss model, or CECL. The Q1 2020 implementation deadline is approaching quickly for SEC registrants, and other banks and credit unions are making their own CECL preparations, […]
I spent the past week at the 2019 AICPA Engage conference in Las Vegas gambling, relaxing by the pool and singing karaoke. Oh! And I spent a whole day hosting a live podcast and interviewed more than 20 accounting professionals, firm owners, technology vendors and thought leaders. My guests spoke on a range of topics, […]
A panel of experts discussed the future of the accounting profession and the threats and opportunities facing finance and accounting leaders during the Institute of Management Accountants’ annual conference in San Diego, marking the IMA’s 100th anniversary. They also described how they got started in the accounting profession. Sue Hohenleitner, vice president of finance, acquisition […]
IRS guidelines seem clear: making profits on cryptocurrencies means paying taxes on the gains, with the transactions considered like stock transactions — yet many remain fuzzy on how Bitcoin and other virtual, ether-space assets generate tax – or, for that matter, profit. There seems to be a lot of education needed for both clients and […]
Tom Wheelwright does not like tariffs. But he sees the current interest in tariffs on the part of the Trump administration partly as an attempt to correct the imbalance caused by value-added taxes imposed by our trading partners. “The reason there is a tariff war is because the way the U.S. tax law is structured, […]
The Texas Society of CPAs announced that 20 local CPAs have been honored as 2019 Rising Star honorees. The annual recognition highlights CPAs in the state who are under 40 years old and have demonstrated “innovative leadership qualities,” in both the accounting profession and their local communities. A panel of independent judges selects TXCPA members […]
Over the course of my career as a CPA firm owner, I have had a few mergers, retirements and de-mergers. If we follow all the instructions to build a larger firm based on a plan and it does not work right after the merger, then we need to think about how we can fix it […]
Right Networks is deploying its recently-acquired Autofy integration platform into the company’s hosted QuickBooks Desktop environment. According to Right Networks, this deployment transforms the hosted QBD platform to make it operationally similar to QuickBooks Online. Autofy integrates QuickBooks products with online sales platforms including SalesForce, Amazon and Shopify to make e-commerce workflow easier. The technology […]
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