January 29, 2014
While President Obama mentioned taxes a number of times in his State of the Union speech last night, the details were scant.
January 28, 2014
One time, one of my clients had a very large equipment term loan from a bank and was in danger of being put out of business because the company had blown an essential loan covenant.
January 27, 2014
As we work through the succession and retirement of senior partners in our firms, a lot of us are also reviewing and updating our internal documents and agreements.
January 24, 2014
Here is a one-question multiple choice quiz for all return preparers.
January 23, 2014
While many taxpayers look forward to filing season as the time they can get free money in the form of their tax refund, those with more complex returns are focused as well on avoiding situations that might lead to an audit.
January 23, 2014
Many of my stories occurred many years agosome are from a half century agoso the question is, are they still relevant and why am I telling them now?
January 22, 2014
For many accountants, whether they're sole proprietors or managing partners at top 100 firms, managing the marketing efforts of their firm seems like a tricky proposition.
January 21, 2014
In discussing strategy and driving forces for the CPA firm, the word accountability comes up several times, and it occurred to me that most partners and managers might not understand the difference between responsibility and accountability.
January 20, 2014
Keeping an eye on all of the legislative and regulatory changes that occur throughout the course of the year is no easy task.
January 17, 2014
One of the indicators of a reviving economypurchases and sales of small businessesis picking up steam. According to the just released BizBuySell Insight Report, the number of business exits by small business owners was up 49 percent in 2013 compared to 2012.
January 16, 2014
One summer I worked for my father at one of his large clients. It was a hot July day and I was wearing a suit and tie and there was no air conditioning in the office, just a fan that wasnt one of the most expensive you could buy.
January 15, 2014
Ready or not, a new year is upon us. So, how did you do in 2013? Were you successful in your career? Your personal life? Or professional development?
January 14, 2014
As the holidays recede in the rear-view mirror, many CPAs begin to observe a worrisome trend. The stack of paperwork on the corner of the desk, the number of emails in the inbox, and the items on the to-do list begin to expand as if by magic. It is a sign that the busy season is upon us, yet again.
January 13, 2014
Around the New Year, people often start to wonder what resolutions they should make, in an attempt to make this year better than the last.
January 10, 2014
There are already numerous studies attempting to peg the effect of tax rates on economic activity. There will undoubtedly be more, as politicians, economists and tax experts seek the magic formula to maximize both economic activity and government revenue.
January 9, 2014
Small businesses, generally those organized as S corporations or partnerships, can run afoul of IRS guidelines governing reasonable compensation for individuals who are both owners/shareholders and employees of these companies.
January 8, 2014
Many years ago my boss, Bernard D. Kleinman, had a client that was a creative genius in the advertising industry, and was being courted by many other firms. He liked his job, position and respect and had no desire or thoughts of leaving. But, as a gentleman, he listened to whoever approached him.
January 7, 2014
After watching a weekend of football, it is obvious how important the fundamentals are to success. The teams that rely on the big play are inconsistent. Basic blocking and tackling arent that interesting, but without them, they will prevent teams from winning. The same is true with your performance as a professional accountant.
January 6, 2014
From my observation there appears to be a major vision problem with CPA firms: no formal strategic plan for growth other than mergers and acquisitions.
January 2, 2014
An additional tax of 10 percent is charged on premature withdrawals from a qualified retirement plan, SIMPLE plan or IRA. The additional tax is 10 percent of amounts withdrawn that are includible in gross income. The rules and exceptions are intricate enough that they dont need to be complicated by things like fraudulent withdrawals by a soon-to-be former spouse. But thats what happened to Andrew Roberts, whose wife withdrew funds from his IRAs without his knowledge.
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April 23, 2014
Deloitte vice chairman and chief inclusion officer Deb DeHaas discusses the firm's efforts at recruiting a more diverse workforce.
April 18, 2014
Jim Metzler, former AICPA vice president of small firm interests, and founder of Metzler Advisory Group, talks about how the CPA profession is changing.
April 14, 2014
Transition Advisors president Joel Sinkin talks about what firms should do after a merger to retain their clients and staff members.
April 21, 2014
Apparently, theres no end to the ridiculous things taxpayers believe.
March 31, 2014
Running a little late could have big repercussions, especially at a firm in the midst of busy season. From escaped zebras to must-see TV, employers told CareerBuilder some of the most memorable excuses they've heard from tardy employees.
March 19, 2014
The NAEAs collection of ridiculous things tax clients believe.
March 10, 2014
The firms with the highest 2013 revenue growth in our Top 100 Firms/Regional Leaders list.
March 3, 2014
As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments.