Tax Preparer Ethics in the Modern World, Part 1
QuickBooks Online New Features and Improvements - October 2018 #qbfirmofthefuture
No one can accuse @JeffBezos of thinking small or falling prey to convention. The man who dared to build the everything store has a famously idiosyncratic approach to business via @EntryLevelRebel
If you've bought on to the idea of banning small talk from your conversations, here are 12 no-fail conversation starters cherry-picked from a few credible sources via @MarcelSchwantes
When many tax and accounting firm owners first started their practice, they put in place measures that allow them to serve their clients and have the practice they want. Here are the top 5 things you need to know to grow your practice... @lancejd1
Learn more about what QuickBooks Online Advanced released for the October Update in @ariegem's latest blog post. #qbfirmofthefuture
With traditional pensions fading away in the private sector, the importance of 401(k) plans for U.S. workers has grown exponentially. Here are six tips you may want to consider when saving and investing in a 401(k) plan via @VishalJain.
The keys to a successful tax season include an efficient, standardized workflow, a well-trained staff, and clear client expectations. Here are some tips from @jimatintuit and @renee_daggett on How to Simplify the Finish and File #TaxPreparation Process.
Ping-pong tables, leafy campuses, flexible work arrangements, and free food can be great incentives in hiring and retaining employees. But there’s a strategy emerging that can help companies shave recruiting and retention costs, and it doesn’t specifically relate to the application or interview process, how quickly employees get paid time off, or how great the free espresso tastes.
Like any #startup, yours probably began as a great idea that grew into a passion and, eventually, a #businessplan. A component often overlooked by startup businesses' is bookkeeping, the day-to-day recording of a business’s financial transactions via @wallcpa #qbfirmofthefuture
The tax side of public accounting is always changing, but #TCJA that was enacted at the end of 2017 was one of those “once-in-a-generation” sweeping reforms that has had CPAs scrambling... Core Values & Staying Current on Tax Reform via @tylermcbroomcpa
Intuit Introduces QuickBooks Detect & Defend, powered by EZShield. With data breaches on the rise, it’s never been a better time to remind your clients to be proactive about defending their businesses from fraud and identity theft. #qbfirmofthefuture
You and your business partner decided to go into business together for a number of reasons—probably in part to leverage each of your strengths so you’re more likely to succeed. Ongoing collaboration is essential to your mutual success.
One of the main hurdles to getting a mortgage — aside from improving your credit history and scores—is saving enough money to cover your down payment.
People hear the words “machine learning,” “artificial intelligence,” and “automation” and are often stricken with fear, uncertainty, and doubt (FUD) about their careers and what the future holds for them, especially in the finance and accounting industries.
Never leave your initial meeting with a cleint without a date in the diary for the next meeting. If you find tremendous pushback from the client, or they do not want to have another meeting then that should be a “red flag” to you immediately. @USPUK
Today’s accounting firms are in the relationship building business, so there are no techniques to understand or implement. Using psychology to build rapport with prospective clients is very simple. @USPUK
There is a lot of discussion about being intentional about living a life of purpose. Most of us are only intentional about working hard and making money, but when it comes to the big picture of a life well-lived, we just hope it all works out. Random hope is not a strategy. To have a life of purpose, we have to live on purpose. Here are three reasons why you should take the bull by the horns and make life happen for you, not to you.
Some researchers estimate that about half of the population is introverted, and accountants tend to anecdotally report that they and their colleagues are more introverted than other professionals.
It's happening more frequently: A hiring manager begins the recruitment process with a job candidate, only to have that candidate disappear or "ghost" them at some point — not returning calls, texts, or emails.
Leadership and Life Lessons from Amazon's Jeff Bezos “I go to bed early, I get up early, I like to putter in the morning” reading the newspaper, drinking a cup of coffee and eating breakfast with my children.
600 Strong! See the Newest Apps in the QuickBooks Online App Store That's a ton of Apps in Apps.com... #qbfirmofthefuture
Automating finances may not be as challenging as you may think. #Automation is a buzzword, but when it comes to finance, it isn’t as hot of a topic. However, you can achieve your goals and develop a plan that lasts a lifetime...
There isn't any shortage of clients in the tax and accounting profession. When I started my firm, I didn’t realize this, so I took all the clients who came my way. By doing this, I learned a lot; I made good decisions, and I made mistakes. @April15Taxes
What does business trust mean to you?
Human beings have an astonishing ability to learn, but our motivation to do so tends to decrease with age. As adults, we are interested in preserving what we learned, to the point of resisting any information/data that challenges our views and opinions.
Incredibly, 3 in 5 small businesses do not have a business succession plan in place. Of those, 47% don’t have a succession plan because they don’t think it’s necessary, while 14% don’t have a plan because they’re not willing to give up their businesses.
The @AICPA welcomes national cybersecurity awareness month (NCSAM) in October as an opportunity for CPAs and their firms to educate and remind their clients about the dangers and critical need to protect their personal data and financial information.
Amazon Founder's Bezos Foundation Gives $3 Million to Early Education Program
Green Apple Podcast - Episode 150 - Elizabeth Pittelkow Kittner
The accounting profession and the world are changing rapidly due to the convergence of technologies and increased regulation. Here are 3 Essentials for Business Transformation.
Silence may be golden, but most workers feel they're more productive at the office when listening to music, new research from staffing firm Accountemps shows.
There are now more job openings than unemployed people. The number of small-business owners that have job openings that they cannot fill is rising. The share of workers quitting their jobs each month is the highest in seventeen years.
The #TCJA of 2017 reduces the medical expense deduction floor to 7.5 percent of AGI for 2017 and 2018 only. After 2018, the deduction floor will reset to 10 percent for all taxpayers.
Business travelers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses (Notice 2018-77). The new rates are in effect from Oct. 1, 2018, to Sept. 30, 2019.
Four Habits Of Highly Ineffective Companies
Your 1st year in business can make/break your new venture. While it’s a busy/exciting time, you need to keep your emotions in check to stay focused. Here are 7 things you can do to ensure success during your 1st year in business.
#Niches are an important part of any thriving tax and accounting firm. Not only does a niche set you and your firm apart from its competition; it also is good for client recruitment and retention because you can... via @scytron
One area where #accountants can provide some unexpected expertise is in combating #employeeturnover. Taken at face value, turnover might sound like an entirely HR-related subject, but the truth is... #qbfirmofthefuture
Running a small business can feel like climbing a mountain. At times, the learning curve is steep. For every one step forward, you slide two steps back. Yet, every once in a while, you hit a stopping point where you’re finally able to look behind you and enjoy the view. And, as that view gets better and better the higher up you go, you remember the outcome is worth the struggle, and you remember what reasons led you to climb that mountain in the first place. via @dhigley_higley #poweringprosperty #QuickBooks
Millions of seniors collect Social Security in retirement, and those monthly payments play a pivotal role in helping beneficiaries keep up with their expenses. But if you're planning to live on Social Security alone once your career comes to a close, you're making a huge mistake.
Under the #TCJA, section 965 requires U.S. shareholders to pay a transition tax on the untaxed foreign earnings of certain foreign corporations as if those earnings had been repatriated to the United States.
One key to being a successful business owner is taking the time to seek out actionable advice, guidance and expertise from other thought leaders and pioneers who have paved the way. Success doesn’t happen overnight, and growth often requires learning from others and showing patience and forward thinking in the process. Here are some book recommendations on vision and strategy from some of our Firm of the Future authors. @scytron #qbfirmofthefuture
Here are 10 Business Plan Words Every Manager Needs to Know By Heart...
The key for my millennial employees is flexibility. Many companies create dynamic workspaces with lots of amenities, but I knew that I wanted to be entirely digitally-based. Here are some tips on how to build your company for the #millennial workforce. @BurlingtonCFO
How to Offer Cost-Effective, Competitive Benefits
Most of us can't last more than six minutes without a quick glance at our email or IMs. These constant interruptions have a negative impact on both our #productivity and mental acuity. Here are 8 ways to keep spam/promotional from filling your inbox...
Have you ever found yourself lost when visiting a new place? Then you know how hard it can be to find something when you don't know where you are going. The same applies to saving for retirement—until you know the goal, it is hard to figure out if you are on the right path.
When you login to QuickBooks Online, you may be overwhelmed with the homepage, or dashboard. There is some great information in the middle about how the business is operating, but I’m going to show you how to navigate through all the other parts of the QuickBooks Online dashboard. Having this basic understanding of where everything is will save you a ton of time when starting out using QuickBooks Online.
