Clients that are Social Security recipients are set to see significantly higher payments in 2022, but the downside to this news is that the increase is caused by a higher cost of living. For many recipients, this can translate into more than $1,000 in annual increase. This increase would appear to benefit
The public accounting industry is notorious for long hours, late nights, and an overwhelming amount of stress. CPAs get stuck in their offices trying to gather information from clients and put last year’s numbers on last year’s forms. Especially with all the changes to taxes and financials during COVID-19, CPAs
In today’s market, it can be hard to not only retain your top talent, but also to find and hire qualified and skilled candidates. From employees looking to make career changes to candidates considering job offers, workers are looking at more than just compensation. According to a new survey from staffing
Wolters Kluwer Tax & Accounting has launched CCH Axcess™ Marketplace to help firms find solutions that integrate with their CCH Axcess™ data. A new developer portal is also available for application developers and technology integrators so they can accelerate their use of the CCH Axcess™ open APIs already available to
Talent is in short supply these days. Forbes mentions that talent shortage in the US is at a 10-year high. There are several reasons this has happened, from a lack of adequately trained employees to take over from retirees to simply not enough good remuneration packages. Talent shortage might not
Accounting WEB wants to remind the accounting community that October was National Disabled Employees’ Month. Ditto for next October and succeeding ones. I want to help Accounting WEB emphasize that reminder. Accounting firm’s client rosters typically include individuals with disabilities. Clients who are disabled or have family members with disabilities
Just joining us? To better understand part three, go to parts one and two for their discussions of basic rules on deductions for casualty losses available to property owner Hester (Internal Revenue Code Section 165). To qualify personal-use property for write-offs, Hester has to satisfy two stipulations. First, her losses
Marketplace facilitators in California and Texas will soon be responsible for other fees on top of remitting sales tax on third-party and direct sales. On and after July 1, 2022, a marketplace facilitator (called a “marketplace provider” in Texas) that processes sales of or payments for lead-acid batteries in Texas must
Being an accountant or CPA in private practice has just become too hard for many folks and if you are one of them, I can completely empathize with you, because I have been there, too. There was a time in my career when I was in a really toxic business
Many small to mid-sized CPA firms are thinking about transitioning to consulting to stay relevant and profitable amidst the increasing changes to the industry. With audit and accounting margins decreasing due to competition and advances in technology threatening the industry, many firms are turning to management consulting services for an additional source
