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Update on Employee Retention Credit

Earlier this month, the IRS provided an update on the Employee Retention Credit (ERC). The guidance provided is for...

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Understanding the Streamlined Sales and Use Tax Agreement (SST)

The Streamlined Sales and Use Tax Agreement arose out of the Streamlined Sales Tax Project, which was first organized...

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Bookkeeping as a Profit Center for Accountants: Managing Scope

Without a plan, managing major projects can be challenging. What is the best approach to take? Are you being too broad...

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Breaking Down Form 1099-NEC vs. 1099-MISC for Your Clients: Q&A

When the IRS first revived Form 1099-NEC in 2020, business owners (and yes, some accountants) scrambled. For...

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Six Safeguards for Ensuring Accounting Cyber Security

The current cyber environment may seem overwhelming and the list of threats endless. Ransomware. Password guessing...

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In the News - August 11, 2021

Today's news includes information about KPMG Spark, FreshBooks, Gusto and Lightspeed.

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How To Evaluate Practice Management Software

Practice management software can be a valuable tool to guide your firm to profitability. If you choose the wrong...

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Why You Should Let Go of Your Own Bookkeeping

I used to do my own bookkeeping. I am the best bookkeeper for my clients’ books, but I am HORRIBLE on my own books! I...

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Update on Intuit Sharing Payroll Data with Equifax

Last month, Intuit announced a new service which will automatically share payroll data from small businesses with...

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QuickBooks Desktop: Why Maintenance Tools Are Needed

Originally, QuickBooks Desktop effectively operated more like an Excel workbook, storing data in flat information...

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