As we have all learned over the past two plus years….there are many things in life that are completely out of our control. With tax season rounding the final, furious corner, controlling what is controllable is critical to the success of your firm. There are many moving parts to a successful engagement – most that …
Is Your CPA Firm Effectively Controlling the Controllable? Read More »
Two CPA firms decide to merge or a larger one acquires a small one. From this transaction a single firm is born, poised for growth and success. It’s as simple as 1 + 1 = 1. That’s the way the math should work in a CPA firm merger. The reality is the path to a …
CPA Firm Merger Math: How Two Firms Effectively Become One Read More »
Entertainment The Tax Cuts and Job Act (TCJA) eliminates the deduction for entertainment expenses, including activities such as taking a client or a prospect to sporting events, the theater, movies, concerts, and amusement parks. The act also eliminates deductions for expenses incurred for entertainment facilities (for example, a stadium suite or skybox) and for amounts …
Meal and Entertainment Expense Changes Under New Tax Reform Read More »
As your firm grows, your software must scale and grow with your firm. In a recent article by IT Business Edge, the following six signs were listed as warnings that the time has come to re-evaluate your current software… Difficulty Making Changes: Simple changes to solutions aren’t simple to implement. Data Bottlenecks: Data does not flow freely, …
A critical step in maximizing output is minimizing wasted time. In CPA firms, wasted time is often found in excessive administrative tasks, personal preference items, and poor communication. Many firms have implemented workflow to ameliorate these issues, however, due to the nuances of their processes and software limitations, often times the full scope of the …
Is Your Workflow Aligned With Your Unique Business Process? Read More »
