High-earning taxpayers would face much smaller tax hikes — or even cuts — if Democrats decide to restore the federal deduction for state and local taxes in legislation that’s now moving through the House. If the SALT deduction were fully reinstated, the top 1% of taxpayers — those earning at
Many enterprises recommend QuickBooks as the most useful application for business needs due to its guaranteed features and a full-fledged user interface. Users have the options to manage inventories, accept payments, run reconciliation, payroll, and pay liabilities while working with QuickBooks. Even with so many perks, users sometimes hit a
Are you curious about how artificial intelligence (AI) could benefit your business, but not sure where to start? Machine learning, a part of AI, can handle many routine accounting processes, allowing accounting professionals to focus on more complex tasks. In this article, I’ll discuss three steps you can take to find
Recently, an AccountingWeb reader asked, “What are the main differences between a for-profit and a not-for-profit company business structure?” First, it’s helpful to know that there are different varieties of for-profit and nonprofit companies. For example, a for-profit might operate as a sole proprietorship or general partnership. Or, it might
Top 15 Firm Baker Tilly US LLP announced that it will acquire West Virginia-based Arnett Carbis Toothman LLP, effective Nov. 1. The deal will significantly expand Baker Tilly’s presence in the Mid-Atlantic Region. ACT has been serving clients in West Virginia, Pennsylvania, Ohio and the rest of the country for
How well did your firm’s accounting technology support your team and clients during the pandemic? In many accounting firms, the technology plan quickly shifted to what can best be described as “snatch and grab” in March of 2020. Of course, doing the best you can during a worldwide pandemic isn’t
IRIS Software Group (IRIS), a global accounting software provider, has acquired Conarc, a US document management software provider for CPA firms. Financial terms of the deal were not disclosed. Founded in 1996, Conarc’s iChannel software solutions were designed to enable CPA firms to connect all information in one place, allowing
Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government. The Filing Relief for Natural Disasters Act, introduced Tuesday by Sen. Catherine Cortez Masto, D-Nevada, John Kennedy, R-Louisiana and
MYOB is an online application that includes a variety of features. The software is developed to assist various start-ups and big enterprises. One could have their GST returns filed, PAYG reports created, gets customized invoices, track one’s expenses, and avail payroll services. It can save a lot of time for
Client advisory services (CAS) and virtual CFO services have been around for years, but an awareness of the benefits of both has grown tremendously over the past few years, especially in the early days of the COVID-19 pandemic. In times of economic uncertainty, clients want and need guidance from their trusted advisors,
