President Joe Biden called on Congress to suspend the federal gasoline tax, a largely symbolic move by an embattled president running out of options to ease pump prices weighing on Democrats’ political prospects. “By suspending the 18-cent federal gas tax for the next 90 days, we can bring down the
If your firm is not thinking through revenue goals for each of your service lines before setting them, it can be challenging to hit them. More importantly, if you’re looking for a process your accounting firm can use to set smarter, more achievable revenue goals, this eight-step process is a
Partners’ pay as a retention tool; volunteering to file; the global tax debate; and other highlights from our favorite tax bloggers. The best policy Rosenberg Associates (https://rosenbergassoc.com/blog/): Here’s a thorny one: Should partners cut their comp to pay staff better? Solutions for CPA Firm Leaders (http://ritakeller.com/blog/): Recruiting is one thing,
Is a settlement of a malpractice claim against physicians or a hospital considered to be taxable income? In short, it depends, but according to a recent Tax Court and Ninth Circuit Appeals Court case, it can be. Let’s dig in… Background: Generally, legal awards and settlements are subject to federal
There are many financial professionals who call themselves financial planners. Everyone from insurance salespeople, investment brokers and managers or CPAs who dabble with planning call themselves financial planners. For better or worse, all of the aforementioned professionals have helped to shape our clients’ minds and expectations of financial professionals. And
Recently, our own Chris Gaetano wrote a very well-done piece (The Frontier: For efficiency to live, email must die) interviewing a number of thought leaders, all in the Accounting Today Top 100, on email. The consensus was that email was a pain and was greatly disliked, distracting, despised, frustrating, and
The Internal Revenue Service, facing criticism over long hold times and disconnects when taxpayers try to reach its offices, is adding more options for callers to reach automated voice bots that can respond to their requests sooner. IRS officials said Friday they have now added assistance for eligible taxpayers to
Communication has gotten so much more complex as there are so many channels now, it’s difficult to manage smartly with clients. In all the conversations we have every day, they come from a variety of sources, not only people but from different channels. Having all these loose threads running around,
EisnerAmper, a Top 20 Firm based in New York, is adding Raich Ende Malter & Co. a Top 80 Firm, also based in the city, with the deal expected to close this summer. REM dates back to 1972 and has 200 professionals and 45 partners and principals, with offices in
Throughout most parts of the country, homeowners who unloaded their dwellings have reason to celebrate. They have benefitted from surges in housing values, particularly since the onset of the pandemic in early 2020. Surges, though, provide only cold comfort for wannabe sellers who owe more on their mortgages than their
