Several states recently enacted notable updates to their credit and incentive programs that may be beneficial in tax year 2021 and beyond. A common theme among these programs is an effort to boost the economic recovery process through invigorated and/or new credit and incentive programs. In this article, we summarize
Ready or not, the 2022 tax season will soon be upon us. However, most would agree that “ready” is better than “not.” Even if you don’t do taxes at your firm, you need to make sure your tech stack is top-notch to make the upcoming tax season go as smoothly as
Xero is a cloud-based accounting software used primarily by small and medium sized businesses. It is a new, small accounting software that lives in the cloud. Xero, an alternative to QuickBooks has tools that helps in purchasing, expenses, managing invoicing, bookkeeping, etc. However, with all its advanced features and tools,
As CPAs, when we think about our clients and small businesses facing tax and financial reporting issues, we typically have a hard time articulating value to our clients and prospects. I think we can group our contributions into three major areas: 1. Compliance (Painkillers) 2. Making Business Decisions (Moving the
Here’s a nightmare scenario: Suppose a client had wealthy older parents. They had enough cash flow to live a comfortable life and made investments along the way. However, when the client’s father died, many securities in certificate form were left in the father’s name only, not to mention the safety
Get your accounting education online, fast. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! August 28, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get
QuickBooks is an accounting and bookkeeping software that comes along with the feature of creating and maintaining your recurring invoices. A Recurring Invoice is an invoice that is sent to your customer in regular intervals of time. Sending this manually every time can become a huge task, and here comes
“Touch it once” is a key principle in efficiency. It boils down to the idea of essentially handling things as they come across your desk. When I learned this principle, it was reinforced by a client who said, “The only way you can touch something once is to put it
COVID-19 shook the global marketplace. Overnight, businesses large and small had to find their footing in a radically adjusted world — with no clear roadmap for success. While some firms struggled, others found ways to thrive. As priorities shifted, how we communicated with clients and prospects changed as well. Now,
In an ideal world, once your firm selects a niche, your target clients would pop up and come to you. But in reality, you need to go to them. I’d like to share the steps we take to prospect and tweak them to apply to a CPA firm’s ideal clients.
