After transitioning most of their workforces to operate remotely for the past year, accounting firms now face the decision of if and when to have employees return to offices. Before jumping full bore into an ongoing remote workforce situation, there are critical factors to be considered when it comes to
QuickBooks, with all its features, functionality, and variety, is not free from errors or bugs. A lot of the time, QuickBooks hangs or freezes, and there can be multiple reasons for that to happen.This hampers workflow productivity and can also harm the business immediately or in the long run. This
It’s rare that we get to call out the achievements of our own writers or any individual in the world of tax and accounting, for that matter. But to every rule there are exceptions, and our long-time columnist Julian Block is one of them. Avid readers of AccountingWEB know that our primary objective
In a previous column, I highlighted new rules that allow nonitemizers to take 2020 deductions of as much as $300 for contributions to charities. Something else that I discussed in more detail was tax breaks for retirees who use IRA withdrawals to make deductible donations. To recap, long-standing rules require
QuickBooks is more than efficient in handling the daily accounting chores of small to mid-size businesses. Thanks to its multiple features, the users find the software extremely helpful in maintaining the online inventory, processing payrolls of the employees, filling out the tax forms, etc. With every update, QuickBooks seems to
The time is now for accountants to help their SMB clients get in front of increased business compliance considerations by implementing the right tax solution. By putting a thoughtful tax strategy and system in place, SMBs can mitigate underpayment and incorrect calculations, reduce overpayments, lost sales, potential penalties, and improve overall tax
Every tax season has its unique challenges that stress and overwhelm tax pros, but after more than a year of remote working during a global pandemic, many have reached their burnout point. Keeping up with changing regulations surrounding initiatives like the Paycheck Protection Program (or PPP loan) took extra time
Errors while updating QuickBooks Desktop are quite common and can appear anytime in the application during various operations. QuickBooks Update error can also affect the QuickBooks Desktop features like payroll, and once you encounter any of such update errors, the application won’t allow you to download or install any updates.
The past year has been a wild ride for most firms. Some have done exceptionally well, while others have struggled to hold onto clients and develop new business. Without travel, in-person networking and other traditional business development activities, firms have had to pivot to video conferencing, social media and other
The hunger for counsel among small business clients presents accountants with the opportunity to advise them in a variety of nontraditional areas such as HR. In fact, an ADPRI survey from March 2019 revealed that 62 perrcent of business owners want to receive HR & talent management insights from their accountant. Accountants and
