News

lightbulb-data

Here’s How To Be That ‘Go-To’ Person On The Job

If you are like most people, doing a corporate job successfully is a lot harder than it was before the COVID-19 pandemic. You’re likely working from home, but traditional office pressures remain: meetings with your direct boss and immediate teammates; serving “internal customers” at work, and fielding requests for help from colleagues — many of whom you might not even know.

Read More

1040-doc

Taxes, Stocks, and Donations

Having the best options for your clients when tax time comes around is part of being a professional CPA. All clients want to decrease tax burden and increase deductions to maximize after-tax income for the year. There are many options available to help in that pursuit, but some are more well-known than others.

Read More

irs-building

IRS Reinstates PTIN User Fees

In T.D. 9903, the IRS issued final regulations reinstituting fees for obtaining and renewing preparer tax identification numbers (PTINs) for tax return preparers in 2021. The new fee is $21 plus a $14.95 fee paid directly to a third party for processing applications and renewals.

Read More

keyboard

Hiring & Managing Paraprofessionals In The Age Of Remote Work

As accounting firms refine their business strategies in the wake of the COVID-19 pandemic, it’s likely that paraprofessionals will loom large in their plans. There are few things more important today than an adaptable workforce...

Read More

News Finance

Accounting Estimates & Disclosures Addressed In New Auditing Standard

In a new standard issued Friday, the AICPA Auditing Standards Board provides requirements and guidance to auditors for auditing accounting estimates, which often is one of the most challenging areas a practitioner faces during an engagement.

Read More

News-_0013_connectedglobe-people

7 Ways To Grow Your Accounting Practice

No one predicted this. No one saw 2020 shaping up the way it has. We didn’t choose this year, but for some reason, it chose us. Hopefully, you’ve moved through all the stages of grief and have accepted that life “is what it is.” We can reminisce about the “good old days,” but life has turned the page and given us a new chapter.

Read More

shipping

Employers Added 4.8M Jobs In June Despite Coronavirus

Employers added 4.8 million jobs in June and the unemployment rate fell to 11.1 percent, according to the U.S. Bureau of Labor Statistics, a decline of 2.2 percentage points from the previous rate of 13.3 percent, as employees returned to work despite the ongoing spread of COVID-19. Accounting and bookkeeping services gained 17,500 jobs.

Read More

GenZ

$300 Million in Grants Available to Help First Responders

LANSING, Mich. – State Treasurer Rachael Eubanks today announced two new grant programs that will provide an overall total of $300 million to help first responders receive premium hazard pay and reimburse local governments for payroll costs incurred due to the COVID-19 pandemic.

Read More

irs-building

IRS Issues Rules for Net Operating Losses In Consolidated Groups

The Internal Revenue Service and the Treasury Department released proposed regulations and temporary regulations to offer guidance for consolidated groups on net operating losses in the wake of changes under both the Tax Cuts and Jobs Act of 2017 and the CARES Act from this year.

Read More

News-_0012_computer-graph

Art of Accounting: Training Staff Remotely

Training staff effectively and properly is a major reason for a firm’s success. With the switch to remote work it is harder to train one-on-one so new methods need to be developed. Here are some things you can try.

Read More