Back to School – Don’t miss this extra deduction for teachers
Teachers have always been allowed a small extra deduction for the cost of classroom supplies. For the last 10 years, the amount has been...
Sorting your client list for better profit margins
It seems entirely unreasonable for newer business owners to suggest we would be the ones to eliminate paying clients from our client list. For...
Talking to your clients about recession
You may not necessarily feel that your tax advisor skills automatically qualify you to discuss recessions and inflation with your clients, but we all...
Mid-year tax planning your clients can actually use
Summer usually is the time most of us like to put tax season behind us and try to mentally and emotionally recover before diving...
Are taxes bankrupting the cannabis industry?
Since 2012, 19 states have passed adult-use cannabis laws for adults over 21 and 38 states currently have medical cannabis laws. Regardless of where...
Estate Planning: How you can prepare for success
The current administration has not let go of plans for estate tax law changes. While the 2021 proposed tax bill, the American Families Plan,...
Tax deductions for owner-operator truck drivers
Owner-operators are the people who own and operate a trucking business. Since they are not categorized as employed individuals, the process of filing taxes...
Are there risk averse entrepreneurs?
It is a common misconception that entrepreneurs are only successful because they love to take big risks. The adage, if you want to win...
Create tax savings with giving and estate planning strategies
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...
The latest cryptocurrency considerations for CPA’s
CPAs are accustomed to new technology, changing regulations and other evolutions in the industry, but even the most seasoned accountants may not know much...
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Adjustments sought for R&D Tax Credit Form
There are changes coming to certain sections of Form 6765, Credit for Increasing Research Activities—the document used by taxpayers to claim the research and...
AICPA requests IRS contingency plan in case of government shutdown
The American Institute of CPAs (AICPA) submitted a letter to the Department of the Treasury, the Internal Revenue Service (IRS) and Congressional leadership requesting the release of the...
Fearing the future: Where firms are falling behind
This past weekend, Botkeeper hosted AI Unchained in Boston. The three-day event was centered around technology for accountants and bringing your practice to the next level....