If you’re just joining us, parts one and two of this series covered medical-expense deductions for people with disabilities and IRS restrictions on deductibility of costs associated with schooling children who have physical or mental disabilities. Part three discussed the profit exclusions that allow home sellers to avoid federal and state
The COVID-19 economy has been a wild ride, a roller coaster of recession and rebound in a compressed time period. But although reports suggest the economy is almost back to normal, there could be a big roadblock to full recovery: mass resignations. A record number of people quit their jobs
The American Rescue Plan Act (ARPA) of 2021 has a provision for businesses that you may not be aware of, and it certainly seems to be making waves across the internet lately. In fact, the Internet Association even wrote a letter to Congress protesting it. Section 9674 of ARPA amended
You’d be hard-pressed to find an accounting firm that isn’t interested in winning new clients. Established firms often benefit from referrals, word-of-mouth business and name recognition. However, attracting and retaining new clients when you’ve just opened your firm can pose a challenge. New firms and sole practitioners usually have limited
Are your interactions with clients so smooth that you don’t really think about it? Or do you have hiccups in the client experience? Most of us keep track of the things we need, and it is annoying to request information repeatedly from all involved, practitioners and clients alike. Further, it
If you’re just joining us, part one of this series covered medical-expense deductions for people with disabilities, and part two focused on deductibility of costs associated with schooling children with physical or mental disabilities. This article, part three, will focus on the profit exclusions that allow home sellers with disabilities to
The financial needs of Indigenous peoples in the United States can vary greatly from their non-Indigenous counterparts, and many Indigenous families do not fit the stereotype of the typical American one. It’s important that CPAs and other accounting professionals understand the financial needs of these communities, as well as the
Despite the significant investment in time and money to pursue an accounting career or obtain an advanced accounting credential, accountants are quitting their jobs in alarming numbers. In short, the Great Resignation has indeed infected the accounting profession. The reasons for the global accountant shortage are complex, ranging from retirements
Digitization has a fundamental impact on every business, and it is estimated to be strongest on financial planning and analysis (FP&A). Most business units still look at FP&A professionals to lay out the company’s goals and map out a company’s financial future. According to IBM, more than 50 percent of
The University of Berkeley defines mindfulness as a state of being aware of our actions and thoughts through a gentle lens. The world today seems to be rife with people who think only of themselves. In business, we see this with firms that put profits above their employees or their
