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No one has better visibility into the finances of a small business than their accountant. As someone with a birds-eye view of your client’s cash flow, you are in an ideal position to identify patterns, spot warning signs and flag opportunities. This financial insight can be crucial for a small business that is trying to […]
In a landslide vote of 417 to 3 on May 23, the House overwhelmingly voted to approve the SECURE (Setting Every Community Up for Retirement Enhancement) Act and send it to the Senate. This bipartisan bill has been in the news because it puts an end to “stretch IRAs” as we know them. However, what […]
A pair of lawmakers in Congress, Rep. Judy Chu, D-Calif., and Vern Buchanan, R-Fla., introduced bipartisan legislation Wednesday to fix a problem in the Tax Cuts and Jobs Act that makes it difficult for performing artists to deduct their work-related expenses. The bill, known as the Performing Artist Tax Parity Act, would update the Qualified […]
The Accounting Financial Women’s Alliance and its Accounting MOVE Project released their annual report Thursday on female leadership and gender equity at CPA firms and found some good news on rising levels of women leaders and partners at firms. The report, Promotions, Plateaus and Possibilities: New Ways Forward for Women in Accounting, details the most […]
The American Institute of CPAs announced on Wednesday that 99 minority college students have graduated from the AICPA’s 25th annual Accounting Scholars Leadership Workshop. Held in Denver, the three-day, all-expenses-paid invitational program looks to build students’ professional and networking skills as they start their accounting careers. “The Accounting Scholars Leadership Workshop shows minority students the […]
A French technology company has entered the ranks of those looking to replace accountants with software. The company, called Georges, has launched an accounting automation platform that promises to allow businesses to “operate without an accountant thanks to a caring team” (translated from French on the company website). Georges will operate on a subscription basis, […]
Private sector employers held back in May, adding only 27,000 jobs, according to payroll giant ADP, with small businesses actually losing jobs. Small business employment declined by 52,000 jobs, mainly at small businesses with between one and 19 employees, which subtracted 50,000 jobs, while small businesses with between 20 and 49 employees lost 2,000 jobs. […]
The reasons vary from happenstance to heredity, but tax preparers report standing by the reasons they choose this profession — even in the wake of a brutal tax season. Enrolled Agent Twila Midwood of Advanced Tax Centre in Rockledge, Florida, got into the field “purely by accident. I started in private accounting and had a […]
It’s that time of the year again — Accounting Today is putting together its VAR 100 ranking of the top value-added resellers of accounting and accounting-related software by revenue. We are now accepting submissions for our 2019 ranking. Due to interest, the deadline for submissions has been extended to June 7. To submit one, please […]
Citrin Cooperman, a Top 100 Firm based in New York, has extended its footprint to the West Coast by combining with Shuwager Company, a firm based in Los Angeles, effective June 1. As part of the deal, partners Robert Shuwarger and Richard Dettorre are joining Citrin Cooperman. Financial terms were not disclosed. Citrin Cooperman ranked […]
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