Establishing and managing a remote workforce is now commonplace. Remote team management can come with numerous challenges, as well. In this article, explore some best practices for effectively managing a remote team.
Many business owners and accountants prefer to store their data locally, on a laptop or other device. However, with the current development in technology, many users have made the shift. In this article, learn more about Cloud Accounting vs. Desktop Accounting: What Is Right for You?
Your clients have heard about “The Cloud.” They’ve even been told about the benefits: uptime, availability, mobility, security, and cost. In this article, discover the 7 tips for becoming a completely cloud-powered accounting firm.
Running a small accounting practice has many advantages. You can be nimble and provide a personalized level of client service that large accounting firms simply can’t match. In this article, learn more about ways to make your accounting firm more efficien
Efficiency is the key to success for any profitable accounting firm. Maintaining efficiency helps improve work processes as well as project turnaround times. Many firms struggle with efficiency, however, there is no magic formula. In this article, learn m
Roth IRAs can be a powerful tax tool, but they are often misunderstood and misused. Investment income in Roth IRAs compound tax-free and most distributions are tax-free as well. Another benefit is that there are no required minimum distributions (RMDs) throughout the original owner’s life. Long-term Roth distributions are tax-free to the beneficiaries who inherit […]
While excise or vice taxes have long been a part of the American tax landscape related to alcohol and cigarettes, the recent invention of vaping and legalization of marijuana and other substances is changing the landscape. What Are Excise Taxes? Excise taxes are taxes on specific types of consumable products such as alcohol or tobacco […]
About one million Americans file for personal bankruptcy each year, with one in 10 households having filed at some point. Given the loss of jobs, reduced income, and the coronavirus recession in 2020, those numbers could increase this year if the economic recovery is not both swift and omnipresent. There are two main types of […]
To retain clients and attract new ones, accounting firms must occasionally add new services or improve existing ones just like any other business. In this article, explore some tips to expand and improve client services to increase revenue for your accoun
The Social Security Administration recently announced 2021 increases to both benefits and the taxable wage base for FICA taxes. Increases Announced for 2021 Workers are facing a 3.7 percent increase in the taxable wage base subject to Social Security taxes, increasing the amount from $137,700 up to $142,800. This means high earners who make as […]