At the end of every tax season, most firms usually ask the following questions: What went well this season? What would you like to improve prior to next tax season? Did our technology help or hinder your performance this tax season? When one firm that I work closely with surveyed their employees, one answer stood …
The Benefits Of Working From Home During Tax Season Read More »
It has been an exciting month as we’ve watched 68 teams whittle down to 32, 16 and now the Final Four! As usual, March Madness did not disappoint as we are once again looking at the potential of a NCAA Cinderella story in the making. This weekend between Passover Seders and while prepping for Easter …
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 »
What do our client’s value? This question is at the core of every lean initiative. The idea is if you eliminate waste in your processes, your services will be more aligned to what your client’s value. The Accounting profession is currently facing increasing pressure from clients on fees. If you become commoditized in the mind …
Are Your Firm’s Values In Line With Your Clients? Read More »
In some professions, charging by the hour is the most appropriate way to bill one’s clients, since his/her time is usually blocked off in hourly increments – i.e. tutors, athletic trainers, therapists. The range of the hourly fee, however will vary greatly based upon location, expertise and experience of the provider. I think it is safe …
