One of the most painful challenges your accounting practice can face is the small business or solo entrepreneur who shows up at the front desk with a box full of disorganized receipts, a problematic ledger of check deposits, and confusing home-grown spreadsheets of indecipherable numbers. Any number of reasons create
One of the most painful challenges your accounting practice can face is the small business or solo entrepreneur who shows up at the front desk with a box full of disorganized receipts, a problematic ledger of check deposits, and confusing home-grown spreadsheets of indecipherable numbers. Any number of reasons create
Marcum LLP, a Top 20 Firm based in New York, has announced the launch of its Marcum Diversity Scholarship Fund as part of the firm’s ongoing Diversity, Equity & Inclusion program. The scholarship fund was created to help bolster a diverse pipeline of future accountants, especially within the Black and
What is the current state of research and development (R&D) tax credits and how can you help your startup clients obtain them? As federal and state tax incentives, R&D tax credits encourage innovation and technical design improvement by reimbursing companies that develop new products, processes, or inventions. With the credit,
The last week of the “official” tax season is starting right now. Here are some things I did to energize staff and lighten the mental load: We would bring in ice cream sundaes (or similar treats) in the afternoon. One time we told the staff to have their spouses bring
Has your dentist ever tried selling you an electric toothbrush? It aligns with their mission, caring for the health of your teeth. Using it will be good for you, but the sale of the toothbrush is a transaction, making them money. The electric toothbrush isn’t an integral part of the
Businesses that have been investing in cryptocurrency like Bitcoin and Ethereum are dealing with uncertainty as the Securities and Exchange Commission and the Internal Revenue Service, as well as government agencies abroad, are going to expect them to account for their holdings and pay taxes. Last month, President Biden signed
As Americans rush to file their taxes by April 18, some fintechs are offering banks tax-prep technology they can extend to customers going forward. Embedded tax service fintechs such as April and Column Tax point out that they and their financial institution partners can nudge customers into making better financial
Foul on the play! In a new case, Hoops, LP, TC Memo 2022-9, 2/23/22, the former owner of a professional basketball team tried to deduct nonqualified deferred compensation that was owed to two of their players. But the Tax Court determined that taking a current deduction was a violation of
My passion for accounting is a mix of nature and nurture. It is (literally) in my DNA — my grandmothers were accountants, and the night I was born my mom had been sorting punch cards to manage the general ledger for the largest defense contractor in D.C. I chose to
