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Blog Articles & Video February 2022

Tips for Working with Small Business Clients

Small business clients have particular needs, and Ignatius L. Jackson, CPA, is here to help. Jackson, a CPA based in Tempe, Arizona, specializes in small business accounting services, such as compilations, bookkeeping and tax preparation. Although Jackson has worked with companies of all sizes and across several industries, he enjoys

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How Co-Op Owners Can Avoid Overpaying Taxes

If you’re just joining us, the first two parts in this series explained how ownership of conventional single-family dwellings differs from ownership of condominiums or co-op apartments and how an owner of a co-op can build up the adjusted basis for her apartment. This article, part three, will explain why

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How to Make This Your Last Miserable Tax Season

Today’s tax practitioners are burned out like never before and their services continue to be seen as commodities by most of their clients. Tax season was bad enough before the pandemic. It has always been a siloed practice area within traditional CPA firms and required preparers to rely on workpaper

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New MHM president plans to acquire more firms

Andrew Gragnani, the new president of Mayer Hoffman McCann, has plans to increase the firm’s national presence, including acquiring other accounting firms. MHM, a Top 10 Firm in Cleveland that operates in an alternative practice structure with the publicly traded financial services company CBIZ, announced Gragnani’s appointment earlier this month,

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Art of Accounting: Managers who are Lone Rangers

In order for tax season to be successful, everyone must follow the system. Last week I received two calls about managers that are not following their firm’s system, and are working as Lone Rangers, and I am sharing my comments here. In one case the manager either isn’t listening or

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Becker launches new diversity and inclusion certificate

CPA Exam prep course and continuing professional education provider Becker Professional Education has announced its new Leading Change for a Diverse and Inclusive Workplace Certificate. Designed for accounting and finance leaders, the five-course, eight-credit continuing professional education (CPE) course aims to teach managers how to implement more diversity, equity, belonging

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Senate Republicans concerned about global minimum tax deal

Republican members of the Senate Finance Committee have written to Treasury Secretary Janet Yellen asking her to keep both parties in Congress involved in negotiations on a global minimum tax, arguing that such a tax would apply more broadly than originally thought. The letter, sent Wednesday, comes after a prior

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Practical Advice for Clients Strapped for Cash

The COVID-19 pandemic has affected the population in different ways, especially in terms of work, with some people between jobs and others quitting or taking the freelance route. Others are stuck in jobs where the pay stayed the same while their expenses climbed. If you have clients like this, as

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IESBA proposes ethics code revisions for use of tech

The International Ethics Standards Board for Accountants proposed a set of revisions Friday to the International Code of Ethics for Professional Accountants (including International Independence Standards) to address the impact of technology innovation on the profession. The exposure draft with proposed technology-related revisions to the ethics code aims to guide

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