Market volatility is inevitable. But even though markets have always had their ups and downs, new periods of volatility often lead to uncertainty and anxiety. While it may not seem like it, volatility is a great time to focus on growing your advisory practice’s financial planning sector. But how do
A good accountant, preferably with a background in the franchising industry, can help mitigate your financial risk. If you need capital, they can help service your debt structuring. If your franchise requires employees, they can manage payments, expenditures and tax reporting. When it comes to the most important factor —
Section 45L of the Internal Revenue Code provides both single and multifamily homebuilders with a $2,000 tax credit for meeting certain energy saving requirements. However, the 45L tax credit expired at the end of 2021, leaving homebuilders waiting for its renewal. The Inflation Reduction Act of 2022, signed Tuesday by
If a couple files a joint tax return, they are generally both liable for any tax liability, even if only one of the spouses is responsible for the shortfall. However, you might get off the hook if you qualify as an “innocent spouse.” A Tax Court new case, Pocock, TC
The question is not how to make it easy to communicate and exchange information with clients, it already is far too easy for them to find us and put that data in the most inappropriate place. The question is how to make it easy for you. To simplify and optimize
A growing number of CPAs are turning to tools from outside the accounting world like Stream Deck as a way of boosting their efficiency. But how does it work in an accountancy context, and what are its limitations? The Stream Deck was originally designed as a console to allow gamers and
U.S. lawmakers are pressing the IRS to explain how it plans to relieve a backlog of tax returns that have delayed refunds and to detail what measures it’s taking to improve customer service. Dozens of congressional Republicans and Democrats made the demands in a letter to the Internal Revenue Service,
Accounting firms face unprecedented hiring challenges, and while some roles demand a high level of expertise or a CPA license, not all do. So, why do many job descriptions still ask for a bachelor’s degree and 5+ years of experience? Why Hiring Managers Look for Experience and Education Recruiting is
House Democrats delivered the final votes needed to send President Joe Biden a slimmed-down version of his tax, climate and drug price agenda, overcoming a year of infighting and giving themselves a cornerstone achievement to campaign on for the November congressional election. The legislation passed the House Friday on a
Big Four accounting firm KPMG LLP nominated Derek Thomas as national partner-in-charge of the firm’s university talent acquisition. Thomas joined the firm in 2000 as a senior associate before working for KPMG’s federal audit practice three years later. Eager to expose himself to a different field and using his experience
