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Category: Tax News And Info

Preventative medicine to maintain a healthy accounting firm

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March 27, 2018
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| Tax News And Info

One of the key tenets of medicine is dealing with illness at an early stage, for everything from a virus to a cancer. By recognizing and treating the problem before it has a chance to take hold and spread, you can limit its potential to threaten the long-term health of the entire organism. While your […]

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Posted in Tax News And Info Tagged irs, tax news

The why, what and how of CAS

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March 27, 2018
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| Tax News And Info

If you are an accounting firm owner/partner, you do not want to miss the emerging, growing and profitable opportunities in client accounting services. Before we get to why, to ensure that we are on the same page, let us agree to a description of what CAS is. The types of services offered under CAS can […]

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Posted in Tax News And Info Tagged irs, tax news

Appropriations bill changes partnership audit regime

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March 26, 2018
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| Tax News And Info

The $1.3 trillion omnibus appropriations bill passed by Congress last week includes some modifications to the Internal Revenue Service’s centralized audit regime for auditing large partnerships. The centralized audit regime is supposed to make it easier for the IRS to audit large partnerships by being able to audit the entire partnership as a whole rather […]

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Posted in Tax News And Info Tagged irs, tax news

Eide Bailly partners with cybersecurity company Secuvant

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March 26, 2018
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| Tax News And Info

Fargo, North Dakota-based firm Eide Bailly has partnered with Secuvant to further expand its cybersecurity offerings for its clients. The firm already offers a suite of cybersecurity solutions; this partnership adds business-class cybersecurity solutions for business assets, not just technical assets. Per the terms of the partnership, Eide Bailly and Secuvant will coordinate their client […]

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Posted in Tax News And Info Tagged irs, tax news

Bigger = better? You bet it is

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March 26, 2018
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| Tax News And Info

This perspective has been written for CEOs at CPA firms doing $50 million to $100 million in annual revenue with quality profits per partner who want to make their firms bigger, better, stronger and more profitable. While conventional wisdom tells us that better is better, that’s plain and simple nonsense when it comes to midsized […]

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Posted in Tax News And Info Tagged irs, tax news

Product News: Sage donates people management software to nonprofits

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March 25, 2018
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| Tax News And Info

Sage Foundation donates Sage Business Cloud People software to nonprofits Sage, which makes cloud-based enterprise resource management software, has made its people management HR solution available for free to eligible nonprofit organizations through its philanthropic arm, the Sage Foundation. Recipients will get two full admin user licenses to Sage Business Cloud People, and 50 percent […]

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Posted in Tax News And Info Tagged irs, tax news

Accountants may benefit from Dodd-Frank changes

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March 25, 2018
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| Tax News And Info

Accountants could see some extra business from the Senate’s recent passage of legislation rolling back some of the provisions of the Dodd-Frank Act to exempt smaller financial institutions from some of the requirements, according to one expert. Last week, the Senate passed the Economic Growth, Regulatory Relief and Consumer Protection Act by a vote of […]

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Posted in Tax News And Info Tagged irs, tax news

IRS tells taxpayers to report cryptocurrency transactions or face penalties

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March 24, 2018
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| Tax News And Info

The Internal Revenue Service issued a reminder Friday to taxpayers that they need to report any income they get from virtual currency transactions on their tax returns. The move comes after the IRS forced one of the largest cryptocurrency exchanges in the world, Coinbase, to send information on 13,000 of its users to the IRS […]

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Posted in Tax News And Info Tagged irs, tax news

Amazon effect: Business with least amount of friction wins

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March 24, 2018
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| Tax News And Info

Hopefully you’ve paid off all your holiday shopping charges by now. Wasn’t it amazing how much you spent with Amazon? All the charges are legitimate, but you don’t remember spending so much time shopping there, right? That’s the point. It’s just so easy to do business with Amazon that you’ll continue shopping there even if […]

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Posted in Tax News And Info Tagged irs, tax news

SAP Concur releases Budget software

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March 24, 2018
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| Tax News And Info

SAP Concur has released Budget, a tool to make budget data visible, real-time, and actionable. Budget works by taking data from SAP Concur solutions, including Expense, Invoice, Purchase Request and Travel Request, to create a dashboard for spend before and after it occurs. The dashboard is designed to let managers see spending events unfold in […]

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Posted in Tax News And Info Tagged irs, tax news
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