QuickBooks facility for payroll enables its users to efficiently pay their employees, track their working days or hours, keep records of remittances, and much more. It also helps them to create reports and file the required tax forms appropriately. Overall, the utility is bliss; however, the users often report an
Most firms understand the need to offer advisory services but struggle with getting their staff to believe they have the skills to be confident advisors. Often, partners are the only ones providing advisory services to clients because they honed their problem-solving skills over decades. This is a good start, but
The complications over beneficiary choices with inherited IRAs tend to focus on non-spousal beneficiaries and the special provisions pertaining to them. As beneficiary after the death of the original owner of the IRA, one important consideration is that you do not make contributions to the account. The funds continue to
Given the severity and frequency of cyberattacks, many Liability insurance policies CPA firms hold are now excluding coverage for common cyber security breaches. This leaves many firms exposed to financial, legal and business continuity risks of which they may or may not be aware. While a cybersecurity liability plan may cover third-party
Taxpayers may soon benefit from a temporary tax law provision that doubles the usual 50 percent deduction for qualified business expenses for meals to 100 percent of the cost. The fact is, people are back to dining out this summer as the pandemic abates in many parts of the country. However, when
I am Kate Josephine Johnson. I have a small virtual bookkeeping and business consulting firm called Heritage Business Services. My only involvement in the accounting profession is as an entrepreneur, so that is where I’m coming from. My venture into entrepreneurship came out of necessity, not out of some lifelong
QuickBooks is more than self-efficient in performing most of the accounting tasks. However, users could need some other third-party applications to carry out some standard functions like viewing PDFs. QuickBooks users view their reports and statements (generally in PDF) through Adobe Reader. Sometimes, they face an unwelcoming error message stating
Your accounting practice grew one client at a time. Accounting professionals, by nature, are service oriented. You realize the importance of delighting your clients so they continue to work with you over the years and refer new clients to your firm. Does Your Customer Service Policy Create Burnout? Overall, clients
Accounting skills are extremely valuable as they can help save your business money. Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. July 2, 2021 2 min read Disclosure: Our goal is to feature products and services
When I took my firm over from my father, I moved to the cloud and added value pricing, but it wasn’t enough. The problem with technology is that you also need to have a vision – what do you want to accomplish? What is your destination state? Ultimately, I knew
