by Rupinder | Nov 24, 2014 | Uncategorized
By Scott Cyron Here’s the thing about R&R: It doesn’t stand for Rest & Relaxation. How about “Retention and Recruitment?” This profession doesn’t change a lot. Ten years ago, accountants were asking the same question: How do we...
by Rupinder | Nov 24, 2014 | Uncategorized
Written by R. Sean Manning, CPA How one CPA turned the ‘headache’ of payroll into a highly profitable service by building the right model From Main Street Practitioner, September – October 2013 While web-based technologies make offering payroll much more...
by Rupinder | Nov 24, 2014 | Uncategorized
Preparers are more and more exposed to penalties as the weight of taxpayer compliance continues to focus on the practitioner. Even the most well-intentioned practitioner can make a mistake. Yet regulations are more stringent, and in our national budget crisis preparer...
by Rupinder | Nov 20, 2014 | Uncategorized
Accountants love numbers and they love results, but what they don’t like is the inability to gain any kind of ROI or return on investment for marketing and public relations activities. In today’s competitive marketplace, sticking your head in the sand isn’t the...
by Rupinder | Nov 20, 2014 | Uncategorized
How you can use this often-overlooked IRS waiver to help your clientsIn 2011, the IRS assessed 38.6 million penalties to taxpayers, totaling almost $11 billion. According to the IRS, the purpose of penalties is to deter noncompliance, not to raise revenues. Certain...
by Rupinder | Nov 20, 2014 | Uncategorized
The need for succession and transition planning for tax and accounting practitioners and their firms has been growing each year for the last ten years or so. Part of this drive is, of course, the result of an aging practitioner base. Another influence is the changing...
by Rupinder | Nov 20, 2014 | Uncategorized
The Mortgage Forgiveness Debt Relief Act of 2007 allowed for exclusion of income realized from debt reduction that occurred from a taxpayer’s principal residence. This was set to expire on December 31, 2012. The fiscal cliff bill enacted in January 2013 extended some...
by Rupinder | Nov 20, 2014 | Uncategorized
Determining if it’s a Business or Hobby: Questions & Items Practitioners Should Use to Analyze Case Background and general description of the business How are the business records maintained? What efforts are made in terms of attracting customers and securing...
by Rupinder | Nov 20, 2014 | Uncategorized
Chapter 7 • All of the debtor’s nonexempt property is liquidated and the proceeds distributed to creditors.• A Trustee is appointed to do the liquidation; the trustee works on a percentage of assets liquidated.• After about six months, most debts are...
by Rupinder | Nov 20, 2014 | Uncategorized
The National Society of Accountants is your association. Make the most of your membership by getting involved in one of the opportunities listed below. Participation creates new opportunities to learn from and network with the leaders who are shaping the small...
