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Inside Views

  • Art of Accounting: Pro Bono Work

    January 26, 2015

    I just finished reading John Grisham’s novel Gray Mountain, about a young attorney working in a legal aid clinic. At one point she is asked to prepare a will for a woman with property worth about $200,000. This reminded me of some pro bono work I have been asked to do for people who could clearly afford it, and that caused resentment by me.

  • Real Estate Investment Groups Can Maximize Value through Sophisticated Tax Planning

    January 23, 2015

    Real estate partnerships pool funds from various investor groups, family offices and public entities to invest in property platforms seeking high cap rates and strong yields. Even though the investors within each fund have different tax structures and tax needs, the goal of enhancing each investor’s rate of return can be accomplished through sophisticated tax planning strategies.

  • President Promises to Tackle Cybersecurity

    January 22, 2015

    Beyond the expected calls for tax fairness and middle-class relief, the President’s State of the Union address touched on a number of other significant topics.

  • How CPAs Can Be More Polished, Confident Presenters

    January 21, 2015

    Louis Plung, managing partner of Louis Plung & Company LLP, believes in serving the community in which he lives and works.

  • Art of Accounting: Large Clients We Landed from QuickBooks Consulting

    January 20, 2015

    A couple weeks ago I wrote about QuickBooks and how we became the largest QB consultants in New Jersey along with receiving a few clients with very substantial fees. I’ve gotten some calls asking about them and what we did, so here is a description of three of them.

  • Be a Creative Accountant!

    January 16, 2015

    Ah! Creative accounting! No! Stop! There is only one way to account for activity and that is the right way.

  • Small Business Transactions Signal Improving Economy

    January 15, 2015

    The number of purchases and sales of small businesses, at an all-time high in 2013, grew even more during 2014. In addition to further showing signs of a reviving economy, this is good news for baby boomer business owners who want to retire, and for entrepreneurs who want to own their own business.

  • Communicating the Visual Value of Your Services to Your Clients

    January 14, 2015

    The practice of tracking time in accounting firms—and the role that time plays in pricing services and making billing decisions—has been the subject of endless discussion.

  • Empower Clients to Use Technology to Drive Business Growth

    January 13, 2015

    The evolution of technology has changed the way businesses operate. While this reality has at times led to a more competitive work environment for accountants, it also provides an opportunity for accountants to enhance their role as a trusted advisor and focus on helping their clients grow their business.

  • Art of Accounting: Excel, Word and Adobe Training

    January 12, 2015

    Last week I wrote about my introduction to QuickBooks and how we took our entire staff to a training course for it. Today I am writing about training for the most basic software we use: Excel, Word and Adobe.

  • Patriotism and Corporate Responsibility: The Politics of the Tax Inversion Controversy

    January 9, 2015

    In his weekly address on Saturday, July 26, 2014, President Obama criticized large corporations that employ tax inversion strategies saying, “They’re keeping most of their business inside the United States, but they’re basically renouncing their citizenship and declaring that they’re based somewhere else, just to avoid paying their fair share.”

  • Tell Clients to File Their Taxes Early

    January 8, 2015

    The Internal Revenue Service announced that it anticipates opening the 2015 filing season as scheduled in January.

  • 3 Resolutions to Position Your Accounting Firm for 2015

    January 7, 2015

    Once busy season begins, you’ll have precious little time to consider whether your accounting firm has made the right moves to build client relationships and grow in 2015.

  • Knowing What You Don't Know: Goals for 2015

    January 6, 2015

    If you didn’t know it by now, you don’t know everything (nor do I).

  • Art of Accounting: I Used to Hate QuickBooks

    January 5, 2015

    I really used to hate QuickBooks, but not anymore.

  • Have You Had Enough Regulation as a CPA?

    January 2, 2015

    Regulation of the CPA profession in the U.S. needs a transformation. Mind you now, not a change—a transformation. Yes—a major overhaul.

  • Sales Tax Revenue Surge Creates Need for Greater Practitioner Expertise

    December 31, 2014

    State regulators are now collecting nearly $400 billion in sales tax as compared to 2003 when they collected just over $250 billion.

  • Checklists to Use to Begin Next Year Smoothly

    December 30, 2014

    Starting the year right means getting things organized, in order and getting started on the right foot.

  • Talk Isn’t Cheap

    December 29, 2014

    Should you offer prospective tax clients free consultations?

  • On Your Marks …

    December 26, 2014

    So, what are you forgetting about preparing for next season?


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