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  • Top 10 Lessons in Financial Literacy

    April 3, 2014

    April is National Financial Literacy Month, and in recognition of the importance of the topic New York-based CPA John Vento is partnering with members of Congress from the Financial and Economic Literacy Caucus to speak at high schools and universities in the New York metropolitan area.

  • 10 Things to Consider on a Form 990

    April 2, 2014

    As most exempt organizations know all too well, preparing a Form 990 can be a time consuming and complicated process.

  • Reduce Taxes through Proper Investment Placement

    April 1, 2014

    Investors try to maximize investment returns while managing the level of risk in their portfolios. But only after-tax investment returns are truly available to the investor. Tax consequences should be considered before making any investments. Tax treatment, good or bad, can have a significant impact on an investment decision.

  • How myRA Can Complement Workplace 401(k) Programs

    March 31, 2014

    When President Obama announced the myRA program during his State of the Union Address this year, it likely raised several questions among those in the accounting community: What is this new program? How will it work? How does it compare to the retirement benefits businesses already provide to their employees? What do I need to share with my clients about this?

  • Art of Accounting: ‘Boring’ Continuing Education

    March 28, 2014

    CPAs are required to take continuing professional education courses each year. The amount varies by state, but every state has mandatory requirements.

  • How Ready Are Your Clients for a SALT Exam?

    March 27, 2014

    State tax exam information requests are increasingly becoming more comprehensive and demanding.

  • Death and Tax Refunds

    March 27, 2014

    A decade ago, few of us had heard of identity theft. Now, most of us know someone who has been a victim. And of course, a large portion of ID theft affects tax preparers and taxpayers directly, since tax refunds are a huge target of identity thieves.

  • Radical Self-Care for Busy Season (and Beyond!)

    March 27, 2014

    There is a certain hour during the day when you just want to be done. Sometimes it hits predictably in the mid-afternoon. Other times it sneaks up on you as personalities clash in the office, a client makes yet another last-minute request, or the gas tank light goes on while you are stuck in the evening traffic.

  • Would LeBron James Succeed as a CPA?

    March 25, 2014

    As the NBA season enters its critical stretch of the remainder of the regular season and tax season winds down, the natural question to ask is this: would LeBron James be as great a CPA as he is a basketball player?

  • The Five Other Reasons Clients Choose You

    March 24, 2014

    I remember hearing a story recently about a worldwide relief agency that wanted to expand the vision and thinking of a third-world leader.

  • Art of Accounting: Kennedy’s Acceptance Speech

    March 21, 2014

    This is not about JFK. When he was nominated at the 1960 Democratic Convention, his acceptance speech was preceded with an introduction by Chester Bowes narrating a film about Kennedy’s life and achievements.

  • Avoid These Common Like-Kind Exchange Mistakes

    March 20, 2014

    A like-kind exchange, also known as a Section 1031 exchange after the section of the Tax Code that governs it, is essentially a tax-deferral tool that postpones tax on the exchange of a property for another property of a “like kind.”

  • Socializing Your Firm for Success

    March 19, 2014

    Almost everyone uses Facebook to connect with friends and family. And YouTube is the place for sharing and watching videos. Great for fun, but not for real work. Have you ever considered bringing people together “socially” like YouTube or Facebook—but for getting work done, instead of avoiding it?

  • Why Nonprofits Are More Susceptible to Fraud

    March 18, 2014

    When your nonprofit clients understand the conditions that lead to fraud, they are better equipped to reduce risk.

  • Are You Still Talking?

    March 17, 2014

    The sales process of many professional advisors is flawed.

  • Art of Accounting: Be a Sounding Board to Your Clients

    March 14, 2014

    Entrepreneurs are the brightest, most focused and determined people I know. But it is also lonely for many of them.

  • Survey Says Corporate Tax System’s Uncompetitive

    March 13, 2014

    U.S. business executives are concerned about global competitiveness in light of the disparity between tax rates charged to their overseas competitors and the rates they are charged as U.S. corporations.

  • Accountability among CPA Shareholder Groups

    March 13, 2014

    The Private Companies Practice Section of the American Institute of CPAs recently issued its annual Top Issues Diagnostic Report. For the fifth consecutive year, owner/partner accountability and unity has been cited among the top two issues for CPA firms comprising more than 21 professionals.

  • 5 Myths of the Third-Party Designation on Tax Returns

    March 11, 2014

    Many individual tax returns select a third-party designee, but even though this designation is widely used, its scope is often misunderstood.

  • How to Make the Most of Xero: 5 Essential Add-ons

    March 11, 2014

    Xero has been a revelation to small and growing businesses that were in need of top-notch small business accounting software.

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