Growing your accounting firm is like making a cross-country trip from New York to Los Angeles. Either you forgo a map and head in a general westerly direction, or you plug the end destination into your GPS. Which one sounds more like your firm’s growth strategy? Many small firms, especially
How to network; testing cyber defense; Pandora the explorer; and other highlights from our favorite tax bloggers. Attack and conquer Strategic Advisor (https://strategicadvisor.liveplan.com/): Being an accountant or a CPA also requires learning how to sell yourself and your firm’s services. Larger firms typically have someone responsible for marketing and business
Xero, the global small business platform, today unveiled that it will roll out a series of significant technology and design updates to new reports over the next six months, to help accountants and bookkeepers unearth and present valuable insights for clients. The new updates are part of Xero’s broader investment
Barter and Trade are some standard terms used while you run a business, and some users are still unsure about the difference between the two. While Barter is a non-cash transaction, Trade involves money for goods and services. As an integral part of your organization, you must mention these transactions
This column converts an excellent article by John P. Napolitano, chairman and CEO of U.S. Wealth Management, into a checklist that could be used to advise clients. John’s column was about preparing clients for their exit from their business. I liked what he wrote and am presenting a summary here
Opinions expressed by Entrepreneur contributors are their own. Every company in every industry has accounting needs, and those needs change dramatically as a company grows and expands. When a company has a true partnership with an accounting firm, it’s able to think multiple steps ahead and make sure there’s a
The Internal Revenue Service’s Tax Exempt and Government Entities division is making plans for next fiscal year in hopes that Congress will provide more funding. The TE/GE division released a list of its priorities Thursday in a letter from TE/GE commissioner Sunita Lough and deputy commissioner Edward Killen, who also
Businesses of all sizes are turning to cloud-based solutions to assist in their accounting and finance functions. However, businesses may end up facing roadblocks down the line due to limitations in software. On the surface, these software platforms may appear efficient, but with problems ranging from inflexible processes to data
Diverse offerings, like bundled services your business clients may feature, can be attractive to consumers, but the tax implications can get complicated. Moreover, some of these services may even present the same tax obligations or associated regulations. Communications tax is different than regular ol’ sales tax, which is typically based
A vast overhaul of corporate taxation won support from 136 countries, as nations resolved key differences over the level of a global minimum rate and an end to new digital taxes that the U.S. has deemed discriminatory. The group includes all nations in the Group of 20, European Union and
