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Blog Articles & Video January 2022

When Client Relationships Pose Professional Risk

As the saying goes, “There is no friend like an old friend.” The same may be true in your professional life, as long-standing client relationships are often the most satisfying. They reinforce what it means to truly be a professional, guiding and advising clients across the arc of their working

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How to Fix QuickBooks Update Error 503

As like other Windows and Mac applications, QuickBooks also requires regular updates for proper functioning and removal of common bugs from the Desktop app. A user can manually update the application by downloading the updates file or by setting up automatic updates in the application. However, the process is simple,

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Schellman acquires Scott Perry CPA firm

Schellman & Co., a Top 100 Firm based in Tampa, Florida, is expanding its cryptocurrency audit services by acquiring the firm of Scott S. Perry, CPA PLLC, based in Bellevue, Washington. Perry’s firm specializes in digital certificate authority audits, also known as WebTrust for Certification Authorities). He has also participated

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QuickBooks Condense Data Utility to Condense QuickBooks Data

QuickBooks Company File is probably the most essential part of the QB applications in your system. It contains all the relevant data of your organization and helps running mostly all of the QuickBooks operations. However, company files those are 5-10 years older or more face issues owing to their enormous

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How to Advise Your Free-Spending Clients

You probably know a spendthrift, someone who is into instant gratification, taking expensive vacations or renovating their home by writing checks on their home equity line of credit, all while their credit card balance continues to rise. These people may be your neighbors, friends or even your clients. If the

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The IRS is looking for a few good lawyers

The Internal Revenue Services is looking for some lawyers. Specifically, the IRS Office of Chief Counsel announced plans to hire up to 200 more attorneys to help the agency combat syndicated conservation easements, abusive micro-captive insurance arrangements and other tax schemes. These positions will be available nationwide. First announcements for

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Fix QuickBooks Fatal Error During POS Installation

QuickBooks Point of Sale installation, as with the installation of other versions of QuickBooks Desktop, encounters errors, some of which clearly state the reason for the failure and even suggest a solution. In contrast, some errors like QuickBooks fatal error could frustrate a user. This happens as only a little

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Keeping up with the evolving role of the CFO

The role of the chief financial officer has evolved more in the last year than in the past five years, due to the massive digital transformation that took place in response to the pandemic. While numbers — from those associated with performance metrics to the bottom line — continue to

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House Democrats introduce bill to speed tax refunds for EITC recipients

Two leaders of Congress’s main tax-writing committee introduced legislation Friday to undo tax refund delays for recipients of the Earned Income Tax Credit who file their taxes early. The bill, introduced by House Ways and Means Committee chairman Richard Neal, D-Massachusetts, and Ways and Means Oversight Subcommittee chairman Bill Pascrell,

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Top CPA Firm Consulting Groups in Merger Deal

Transition Advisors and Whitman Business Advisors have merged to form Whitman Transition Advisors (WTA), effectively creating one of the largest M&A and consulting organizations focused exclusively on CPA firms in the U.S. WTAs suite of services includes mergers and acquisitions, talent acquisition, owner succession consulting, partner retreats and business advisory

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