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Art of Accounting: Trifecta of tax season compression reduction

We have a short window during the next month where we can reduce tax season compression, have better served and happier clients, and make more money. I call this the “trifecta of tax season compression reduction.” Many of our clients and particularly our larger clients probably engaged in out of

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Unclear midterm outcome means uncertainty about taxes

The probability of Republicans gaining a narrow majority in the House after this week’s midterm election, combined with lingering uncertainty about which party will control the Senate next year, has tax experts hypothesizing what will happen in Congress during the lame-duck session through December and over the next two years.

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New bill would increase state and local gov’t transparency

For decades, the goal of increased government financial transparency has been widely shared across political parties and stakeholder groups. The Financial Data Transparency Act (S.4295), proposed by Sen. Mark Warner, D-Virginia, and Mike Crapo, R-Idaho, takes a major step toward openness and accessibility by directing seven financial regulators, including the

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Great client service is everyone’s responsibility

I recently flew to San Diego to visit a potential strategic partner. Before arriving, the firm sent me a detailed agenda about the busy schedule of meetings and events. They even included instructions about my hotel reservations and airport pickup. In fact, the airport pickup was one of the most

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Three strategies to grow the student pipeline

The Indiana CPA Society outlined three strategies to remove barriers for aspiring CPAs and help them make an impact in the profession, all while navigating a challenging marketplace.  In 2021, the organization had already suggested three strategies to grow the talent pipeline in high schools, which included launching new high

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On the move: RKL introduces private wealth practice

The National Association of State Boards of Accountancy, Nashville, announced its 2022-23 board of directors: chair Richard Reisig, vice chair Stephanie Saunders, Great Lakes regional director Gerald Weinstein, Northeast regional director Richard Silverman, Southeast regional director Willie Sims Jr., Mountain regional director Vikki Nunn, executive director liaison to the board

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‘He was the boss’: Trump’s sign-offs come up in tax fraud trial

Jurors in the Trump Organization’s criminal tax fraud trial saw how longtime chief financial officer Allen Weisselberg collected a host of perks, including a rent-free apartment, flat-screen TVs and even private school tuition for his grandchildren. Donald Trump himself put his distinctive signature on some of them, the jury learned.

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Art of Accounting: Self-checking tax preparation worksheets

I believe I am one of the top experts on tax season management. I have been presenting live programs throughout the United States and webinars to attendees from over 30 counties for over 40-years. I have written a book on Managing Tax Season for the AICPA that had three editions

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