In my previous blog, we talked about how to prepare yourself, your family and team, and your firm for your trip to an onsite conference…’tis the season, you know! Once you have all of that locked down and you arrive at your event, it’s time to focus. As simple as
The International Federation of Accountants released a call to action this month urging CFOs and other finance leaders to improve the quality of sustainability information and processes by championing an “integrated mindset.” IFAC has been involved in bringing together the various standard-setters in the environmental, social and governance reporting space
It’s been said: “Getting money and keeping money are two different skills.” Another familiar expression is: “Money talks: It says goodbye.” You’ve heard the stories of professional athletes who got into financial trouble and lottery winners who went bankrupt. When things are going well, too many people think money comes
The International Sustainability Standards Board is reaching quorum strength with the appointment of two new members. The addition of Jeffrey Hales, chairman of the Sustainability Accounting Standards Board and an accounting professor at the University of Texas, and Michael Jantzi, a member of the board of directors at the Value
The pandemic had a devastating impact on many businesses, and they faced unforeseen challenges. Retaining employees and maintaining their salaries was a hurdle many sought relief from by requesting an SBA-backed loan through the Paycheck Protection Program or filing for an ERC. However, after the Consolidated Appropriations Act of 2021
Everyone is feeling the effects of higher inflation. Forbes reports even during the low-inflation environment pre-pandemic, the cost of a four-year college education was increasing at twice the rate of inflation. Put another way, between 1985/86 to 2017/18, tuition rose by 497 percent. If your client’s child attends college, it
Is the shuttering of expense management app maker ClearSpend a sign the space is ready for consolidation or just an unfortunate circumstance? In my career, I’ve covered the rise and fall of many industries, beginning with the dotcom bubble. One thing that period taught me is that technology markets tend
While the LGBTQIA+ community and supporters view many advancements as slam-dunk decisions, things often play out differently in the public sphere. To achieve progress requires continued support politically, legally, and economically. Tax planning for the LGBTQIA+ community is necessary, with the potential to amend prior year income tax returns to
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
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
