The Internal Revenue Service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals. Last month, the IRS released a September memorandum from its Office of Chief Counsel essentially saying it wants more detailed information about all the business components
Starting and running a business means making countless decisions. One that is often overlooked is choosing a registered agent. One of the many important duties a registered agent performs is notifying company management when a lawsuit is filed against the company. With small businesses incurring over $180 billion in civil
CPAs and accounting professionals in general should be aware of auditing best practices during the pandemic to avoid common pitfalls such as a lack of communication, the inability to audit in person and changes to the tax code. Increased Uncertainty The pandemic has increased financial uncertainty worldwide. Thus, CPAs and
Software as a Service and the cloud have been important drivers of innovation — particularly during the COVID-19 pandemic — but the next stage of technological change will revolve around digital networks, according to Aaron Harris, the chief technology officer of business software developer Sage. “Digital networks are the new
Business software developer Sage kicked off its annual user conference with a glimpse at some of the new capabilities and features in its development pipeline, with a heavy focus on automation and more mobile features. In the opening keynote Wednesday in Las Vegas, executive vice president of Sage Intacct Dan
It’s no surprise that clients expect their accountants to advise them how to take full advantage of often-overlooked strategies to lower their taxes this year and provide head starts for future years. Ditto for advice on how to steer clear of pitfalls. A proven way for accountants to display expertise
If “data is the new oil,” is cloud accounting software the pipeline to access this untapped resource? Should accounting professionals be concerned about the ability to tap into (and mine) data that was previously siloed on individual desktops and servers of SMBs? Are we ethically obligated to alert clients to
QuickBooks is an Intuit developed accounting software which is quite useful for small to mid-sized businesses in handling the financial data. QuickBooks Desktop is the most sought after product, but errors due to damaged QuickBooks can come in the way of smooth working of the desktop application. Reinstalling QuickBooks Desktop
Details: Baker Tilly said Tuesday it intends to acquire The Compliance Group, a nationwide mortgage compliance and quality control organization based in Carlsbad, California, effective Dec. 6, 2021. TCG helps mortgage lenders with regulatory compliance and risk management services. The deal will open a new practice area for Baker Tilly
Bill.com is rolling out a series of new product features that expand Bill.com’s ability to be the all-in-one financial operations platform for small and midsize businesses and accountants. New features that increase visibility and control include: Custom Dimensions for Sage Intacct: Going live in early 2022, custom fields can be
