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With “work from anywhere” becoming more of a necessity right now, performing accounting tasks online has changed from being an option to the best choice for many. And now that you and your clients have gone down this road en masse, that’s not likely to change much, at least in the near future. That’s true […]
My practice continuation tool kit has a sample purchase agreement with explanations of each step of the process. I feel it creates a fair arrangement should a solo owner suddenly die or become disabled. In all, I’ve distributed over 15,000 of these sample agreements for free. You can get your kit by emailing me at […]
Leniency in cancer case; rehab rip-off; repayment unlikely; and other highlights of recent tax cases. White Plains, New York: Preparer Michael G. Magnaldi, 55, has reportedly been granted a lenient sentence in an “uncommon” case after pleading guilty to tax fraud. Magnaldi, formerly of Pelham, New York, has Stage 4 prostate cancer and might have […]
Data analytics and forecasting have quickly come to the forefront during the COVID-19 pandemic, as businesses struggle to predict what the future will bring. There is no such thing as a crystal ball, but today’s analytics and forecasting tools come closer than ever, and have the potential to solidify the importance of the accountant as […]
The tumult of 2020 has amplified many issues that the accounting profession was already contending with, including future-readiness, diversity and inclusion, and technological investment and training. In response to two of the defining moments of the year, especially — the coronavirus pandemic and the nationwide protests against racism and police brutality — the profession’s leaders […]
Back in February, who would have thought that those three little letters, PPP, would come to define the business culture for small and medium-sized businesses throughout the country? The Payment Protection Program and the alliterative phrase, “The PPP,” have given millions of American business owners hope through this COVID-19 pandemic, while also causing unknown liabilities […]
KPMG hosts 17th annual Ideation Challenge; Withum relocates Philadelphia office; and more CPA news.
Employment increased by 1.4 million in August, the U.S. Bureau of Labor Statistics reported Friday, as the unemployment rate fell to 8.4 percent from 10.2 percent in July amid signs of economic recovery despite the ongoing COVD-19 pandemic, although the number of accounting and bookkeeping jobs declined last month by 1,600. The BLS reported that […]
While accounting leaders were shepherding their firms through a global health and economic crisis this year, their employees were watching closely, taking stock of how well their managers performed under pressure and identifying which short-term adjustments they would like to see their employer institute long term. Employees are viewing this historic moment as an opportunity […]
Karbon, which makes workflow management software for accountants, has released Time Budgets. The new product helps firms manage budgets, actuals, timesheets and analysis.Time Budgets is designed to allow Karbon customers to set time and dollar estimates, track time, compare budgets against actuals, manage capacity, analyze progress and performance, allocate resources and more. “With the release […]
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