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Implementing the balanced scorecard strategy in your firm 

The balanced scorecard (BSC), which first began to be utilized in the 1990s (Blocher, 2022), is a holistic cost management tool that looks at several facets of an organization’s performance in order to build a strategy match for performance evaluation and improvement. Unlike some other cost accounting methodologies, BSC looks at non-financial data, mostly from an internal perspective, to help...

Upcoming Webinar: Practical growth strategies you can use

Whether your firm is accounting, tax, advisory or a combination of all of the above, most firm owners want to grow their practices. But where do you start? We have you covered. "Practical Growth Strategies For Your Tax and/or Accounting Practice" is a webinar featuring everything you need to get started. Join Christine Gervais, CPA, CEO of The Department Tax,...

Your 5-step plan to recovering from the busy season

If you feel like the busy season just keeps getting harder, you are not alone. The last couple of tax seasons have been met with staffing challenges, changing deadlines and last-minute tax law changes. All that means more extensions, more stressed-out clients and longer hours at the office. So, how do you best help your staff and yourself to decompress...

Catalyst for Profitability: R&D tax credits for chemical engineers

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Do you know that the federal government and many state governments will financially reward your clients for research and development (R&D) activities related to chemical engineering? It is true. R&D tax credits are federal and state tax incentives designed to encourage innovation, technical design, and product development and enhancement. They are an economic stimulus intended to keep the US on...

5 self-development tips every entrepreneur needs

As business owners, the most important project we will ever work on is ourselves. For our firms to grow, to better serve our clients, and lead our staff, our personal and professional development is the most critical of all. Here are five  tips every entrepreneur should utilize to keep your development on track. No. 1 — Read more books Not only are...

10 ways to recession proof your business

A lot remains to be seen as 2022 continues to unfold, but uncertainty seems to be the theme (along with rising prices of pretty much everything). Are we headed toward a recession? As we wait for the economy to shake out over the second half of the year, here are 10 opportunities to look at your business to build toward...

Create tax savings with giving and estate planning strategies

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Estate planning is an excellent way for people to ensure their assets go to the intended recipient(s) upon their passing. There are many giving strategies that can help wealthier clients minimize estate or transfer taxes. But when first bringing up the topic of estate planning with a client, the initial subject to discuss usually is the estate tax. The estate tax...

Latino Tax Pro sets 2022 schedule

Latino Tax Pro is a bilingual team with more than 37 years of experience in the tax industry serving the multi-cultural taxpayers of America. All of its education is based on real-life experiences that you will encounter as a Tax Professional. The courses are IRS-, NASBA- and CTEC-approved. It has 100-plus relationships with various software and hardware providers. The group's mission...

3 ways you can create wealth

We all want it, but we’re not all willing to do the work. Entrepreneurs must commit to an alternate level of work to be successful because we are ultimately responsible for the success of the firm, not just ourselves. If you want to create real wealth, like an above average everyday salary, you need to be willing to do...

2022 IRS Nationwide Tax Forum Update

You probably already have heard the IRS Nationwide Tax Forum and Expo will be presented virtually, considering the public health concerns due to the ongoing pandemic. Starting July 19, 2022, the Virtual IRS Nationwide Tax Forum will stretch out over five consecutive weeks and feature live webinars every Tuesday, Wednesday and Thursday. The complete schedule and topic list can be...

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Implementing the balanced scorecard strategy in your firm 

The balanced scorecard (BSC), which first began to be utilized in the 1990s (Blocher, 2022), is a holistic cost management tool that looks at...

Upcoming Webinar: Practical growth strategies you can use

Whether your firm is accounting, tax, advisory or a combination of all of the above, most firm owners want to grow their practices. But...

Your 5-step plan to recovering from the busy season

If you feel like the busy season just keeps getting harder, you are not alone. The last couple of tax seasons have been met...