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Blog Articles & Video February 2022

Beverage Alcohol Tax Compliance Insights for 2022

Your beverage alcohol seller clients likely face increased scrutiny in 2022 to ensure they’re complying with federal, state, and local tax requirements. We predict continued proliferation of marketplaces and delivery apps, leaving states to grapple with regulation. States that have hesitated to take a stance on takeout and delivery sales

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EY US names Julie Boland as next leader

Ernst & Young elected Julie Boland as EY US chair and managing partner and Americas area managing partner starting July 1, succeeding Kelly Grier, who will be retiring at the end of her term rather than seeking another term. Boland has been US-Central Region vice chair since 2018 and will

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Intuit Unveils Accountant Revenue Share Program

Intuit today revealed the QuickBooks ProAdvisor Preferred Pricing Revenue Share program to recognize accountants who help their small business clients use QuickBooks Online. The new program, currently in beta, recognizes the work accountants do to recommend, set-up and onboard new clients onto QuickBooks. Accountants will receive 30 percent of the

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Hutchinson and Bloodgood merges in California firm

Hutchinson and Bloodgood LLP has combined with Damitz, Brooks, Nightingale, Turner and Morrisset in Santa Barbara, California, effective Jan. 1, 2022. H&B was founded in 1922 and provides accounting, tax compliance, audits, reviews and compilations, along with advisory services including strategic planning, succession planning, estate planning, financial forecasts and projections,

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Tax Court Approves Losses for “Donkey Business”

The IRS often disputes a hobby loss claimed for breeding operations and usually prevails in the Tax Court, a recent case proved otherwise. Generally, taxpagers can fully deduct expenses from an actual business, but deductible expenses are limited to the amount of income if an activity is treated as a

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How Co-Op Owners Can Trim Their Taxes

If you’re just joining us, go back to part one of this series on how ownership of conventional single-family dwellings differs from ownership of condos or co-op apartments. This article, part two, will focus on how the law allows an owner of a co-op apartment to increase its basis beyond

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Unable to Send Emails from QuickBooks? Here is How to fix it

In today’s modern time, emailing is one of the most effective ways of communicating with your clients, business vendors, and suppliers for sales and marketing purposes. QuickBooks allows you to send sales forms, promotional emails, statements, and invoices to your clients directly from the desktop application with a few easy

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Why Firms Should Consider a Digital Transformation

The COVID-19 pandemic has changed how we do business in no time at all. Even before 2020, there was a discernible shift in buyers’ behaviors. Gone were the days when relationships alone drove the decision to sign with a firm. Now, B2B buyers conduct extensive online research before reaching out

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