Poll: What is Your Favorite Way to Relax in the Off Season?

The life of an accountant or tax professional is rarely relaxing, but in honor of Aug. 15, National Relaxation Day, we want to know how you relax. In the below poll, tell us your favorite way to relax during the off season. Take Our Poll (function(d,c,j){if(!d.getElementById(j)){var pd=d.createElement(c),s;pd.id=j;pd.src=’https://s2.wp.com/wp-content/mu-plugins/shortcodes/js/polldaddy-shortcode.js’;s=d.getElementsByTagName(c)[0];s.parentNode.insertBefore(pd,s);} else if(typeof jQuery !==’undefined’)jQuery(d.body).trigger(‘pd-script-load’);}(document,’script’,’pd-polldaddy-loader’)); Find out how some … Read more

Tax Reform Makes Changes to the Meals and Entertainment Deduction

The Tax Cuts and Jobs Act (TCJA) was signed into law on Dec. 22, 2017, and represents the most extensive tax reform legislation we’ve seen in 30 years. These sweeping tax law changes impact many taxpayers, including individuals, businesses, estates and trusts.  The following article discusses changes pertaining to the meals and entertainment deduction for businesses. … Read more

10 Secrets to Strong Team Collaboration

Your staff does not collaborate enough. At least that’s the finding of a Harvard Business Review study that found 75 percent of teams working cross-functionally are dysfunctional. Today, with more tax and accounting firm teams working remotely, an increased focus on communication, and a drop in the cost of many technologies, firms are still struggling … Read more

How to Empower Yourself Through Mentorship

When I learned from SmallBizTrends.com that women hold less than 20 percent of all jobs in the tech industry, I was shocked. It quickly became apparent to me that to succeed, I would have to work harder than most to prove myself, especially being a recent graduate. For me, taking on this career meant accepting the … Read more

Tax Lessons for Teachers

As students head back to their classrooms after the summer break, so do their teachers. It’s time for a quick brush-up course on tax benefits for your clients who are in the teaching profession. Classroom Expenses In a perfect world, schools would supply everything a teacher needs to educate his or her students. In reality, many teachers … Read more

How to Help Your Team Refocus After Summer

It’s August, which means your team may be returning from some well-deserved time off. Whether they sport a sunburn, Disney swag or try impress each other with stories of weekend water parks with their kids (my life), it’s time to get back to work. There’s a lot to do; in addition to getting ready to … Read more

IRS Issues Proposed Regulations on New 20 Percent Deduction for Pass-Through Businesses

The Internal Revenue Service issued proposed regulations on Aug. 8, 2018, for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new deduction — referred to as the Section 199A deduction or the deduction for qualified business income — was created by … Read more