6 tips to ensure your Prep Form 990s are done right
While we begin to celebrate the time period now fondly referred to as “pre-extension season,” a new deadline to keep in mind is Form...
A deep dive into Reasonable Compensation for cannabis
Cannabis-based businesses are growing like weeds (excuse the pun), but pay attention to this prime new niche where your firm may be able to...
Can you harvest crypto losses?
It has been a rough few months for cryptocurrency owners with values taking huge nose dives. Some currencies have come back up amidst recent...
Dread doing taxes? Use this hack to download your IRS account transcript
Unless you’re an accountant, you’ve probably never even heard of an IRS account transcript—but it’s the best hack there is for getting an accurate...
The difference between EAs and CPAs
What’s the difference and why would a professional pursue one versus the other? To begin, where these licenses come from vary. An enrolled agent...
Collaborating with your bookkeeper for faster tax prep
We have all, at one point, received the set of books that we are supposed to use to prepare a tax return, only to...
Tell tale signs your client’s identity was stolen
The dreaded e-file failed error: a return already has been filed with this identification number. Did you transpose a client’s SSN? Did an old...
Check out our ‘First Look’ on RCReports
The First Look features published on our sister site, Insightful Accountant, are a product summary based upon information submitted by the software developer. It is...
Cash flow forecasting in a recession
As interest rates continue to rise and the stock market continues to decline, fears of an impending recession are valid across many markets. Small...
Joint Reports: Audit committee responsibilities, disclosures continue to expand
According to the Center for Audit Quality (CAQ) and Audit Analytics' "Audit Committee Transparency Barometer," audit committees are increasingly including disclosures about several key...
Latest article
AICPA endorses bill to simplify tax filing extensions
The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension...
Simple estate planning conversations
Not all tax practitioners love the idea of offering estate and trust services and that’s okay. It is difficult to specialize in all the...
More CPAs on the way?
The CPA profession has been struggling for years to retain talent in the industry. The number of overall graduates coming out of school with...