There are many ways to grow your accounting business, but one of the most tried and true ways remains through referrals. Referrals are generally warm leads. The amount of time needed to close these leads is usually shorter because the prospect is taking the word of someone they trust. That’s
Even as the due date for American tax filing and reporting recedes into the rearview mirror, there are still several open items and areas of ambiguity that remain unaddressed. Particularly as the volatility in the broader cryptoasset sectors continues to express itself on a routine basis – highlighted in a
QuickBooks Error 3008 is an error QB users often face while opening the QuickBooks desktop application on computers with Windows operating system installed. This error shows up when some less common malware infects the computer and destroys the license certificate which QuickBooks require for several operations. In this blog, we
Shujinko, which makes automated enterprise compliance solutions, has made its SOC 2 audit preparation and readiness portion of its AuditX software available for free. The software automates evidence collection and mapping to simplify the audit preparation process. AuditX works across multiple audits and compliance frameworks so auditors and companies can
For those of you who’re just joining in, part one mentioned my responses to a query from Abigail, a self-employed consultant who uses part of her home to conduct her business. Part two focused on three requirements Abigail must satisfy to qualify for home-office deductions. First, she uses a dedicated
Focused on NOLs and the differing complexity by state, Bloomberg Tax & Accounting tax experts regularly update corporate state income tax rules and regulations across 44 states, the District of Columbia and New York City. Most recently, CARES Act changes that affect tax years 2018, 2019 and 2020 were incorporated
The U,S, Small Business Administration is urging food and beverage establishments to submit their applications for the Restaurant Revitalization Fund by next Monday. The deadline for applications is May 24 at 8 p.m. ET. The program, which opened May 1, was included as part of the American Rescue Plan Act.
In one of the latest examples (Gallegos, TC Memo 2021-25, 3/2/21) a taxpayer tried to deduct expenses related to team horse roping contests to offset income from an insurance business. But the IRS argued that the team roping was a mere hobby. Generally, you can deduct the “ordinary and necessary” expenses
It’s my pleasure to field the following question from a reader who reached out to AccountingWeb for information about starting a limited liability company (LLC) in the state of Wyoming. Please know that what I share here is for informational purposes only and is not intended as legal, accounting or tax
BlackLine, which makes accounting automation software for the monthly close, has released a new solution, BlackLine AR Intelligence. Powered by artificial intelligence, the new accounts receivable software uses real-time data and analytics to help controllers understand their customers’ financial behavior, and to use the information to inform strategic decision-making. “Now
