Consumer optimism is high, partly due to the recent tax cuts for businesses and individuals as part of the Tax Cuts and Jobs Act. Rarely have clients been so interested in our expertise about how tax reform will impact them and what actions should they take today to minimize taxes. While leading firms are embracing … Read more
In November 2017, I attended the annual QuickBooks Connect conference in Silicon Valley. The conference sold out – and not just from accounting and bookkeeping professionals. I’ve attended three times before, and I get a lot out of the event each year. But with Intuit® diving into areas like machine learning and artificial intelligence, this year’s conference … Read more
The alternative minimum tax (AMT) subjects taxpayers to a second tax system and is intended to reduce a taxpayer’s ability to avoid taxes by using certain deductions, credits and other tax benefits. Beginning in tax year 2018, the Tax Cuts and Jobs Act repeals AMT for corporate taxpayers, but retains and temporarily eases the impact … Read more
September is a month for dynamic change—the kids are back in school, the leaves trade their green for gold, and your team starts its march to the Big Game in February (hey, this has to be the year). In the spirit of the season, we’re bringing some welcome changes to QuickBooks to add dynamic improvements … Read more
So, you are a small accounting firm with most of your revenues coming from tax compliance. If you are like most of us, you are also getting older and a little frazzled by tax law changes, demanding clients and the allure of retirement. Do you currently operate in the cloud? Okay, it’s a trick question; … Read more
Do you want to find quality bookkeeping clients? Then learn about the #1 website change to attract bookkeeping clients so that you can attract those ideal clients who value your services. In previous episodes of BK Biz, I showed you how to identify new ideal clients. I also talked about how to identify your ideal … Read more
Blockchain. We’ve heard the term repeatedly, especially since the rise and fall in the price of bitcoin that began in mid-2017. While blockchain technology has not yet had a significant effect on most tax practices, there is one area that we tax practitioners cannot choose to neglect. We must be ahead of the information curve … Read more
Welcome back to our Firm of the Future profile series about thriving firms who are benefitting from the cloud and QuickBooks® Online Accountant (QBOA) to better serve clients and find new revenue opportunities. In this new article, we spotlight Pam Bingham of PB Tax and Accounting Services. Mindy King: Tell us about your accounting and/or tax practice. Pam Bingham: We … Read more
Last year, if your clients made a donation to a university that gave them the right to buy tickets to a sporting event, sometimes known as personal seat licenses (PSL), they could deduct 80 percent of that donation from their taxes. If they received tickets in return for their donation, they could deduct the donation … Read more
With wildfire season just behind us and hurricane season upon us, many taxpayers may be wondering if their taxes will be affected by natural disasters. As your clients’ trusted advisor, you can help them understand how they may be impacted, and you can use this information to help educate them. The Tax Cuts and Jobs … Read more