Practice Management news

Practice Management

Know the Roth 401(k) Rules—Or Get Left Behind

Half of all employers now offer Roth 401(k)s, and they're proving popular with young affluent employees. Accountants should educate themselves on their provisions.
Practice

New IRS Program to Give Penalty Relief to Small Business Retirement Plans

The one-year pilot program that will start in June is intended to help small businesses with retirement plans that owe penalties for unknowingly failing to file reporting documents.
Practice

How to Help Clients with Credit Problems

Maybe your job description doesn't include "credit repair specialist," but some of your clients likely have credit problems, and you should know how to give them some first aid. Help them separate the good advice from the bad.
Practice

Thomson Reuters Releases Affordable Care Act Content Marketing Solutions for Tax, Accounting, and Employee Benefits Firms

Thomson Reuters has released a tax act overview and monthly client marketing newsletter focused on the Affordable Care Act (ACA). The overview provides a summary of key tax-related provisions of the ACA that employers should prioritize in their planning.
Practice

How Accountants Can Really Market Themselves

When it comes to “accounting marketing,” you're getting serious—this isn't about some late-night infomercial or selling Girl Scout cookies door-to-door. You are your brand. It's time to ask yourself the big questions.
Practice

Bills in Senate and House Look to Limit ‘Inversion’ Deals

Legislation introduced by Democrats on Tuesday is aimed at curbing mergers that result in US companies paying less in taxes because their new legal tax residence is overseas – a tactic known as an “inversion.”
A&A

CPA2Biz Has a New Name: CPA.com

To more closely align with its mission of “empowering CPAs and businesses for the digital age,” CPA2Biz, the business and technology services subsidiary of the AICPA, has been renamed CPA.com, effective immediately.
Practice Management

Find Your Next Job the Modern Way

Accountants do everything electronically. So why are so many still searching for jobs the old-fashioned way? Hard-copy resumes have become the green ledger paper of the job search world.
Practice Management

How to Throw a Party—Accounting Style

Most people don't put "accountant" and "party animal" together. But according accounting association BKR International, accounting firms lead the way in creative, year-round morale-boosting events.
A&A

Reconciliation of Accounts Still Mostly Done by Hand: Report

Fifty-nine percent of US companies and 66 percent of Canadian businesses are still reconciling their general ledger accounts manually, according to a new report from Robert Half and the Financial Executives Research Foundation.
Practice Development

How to Start a Cloud Accounting Practice

Don't be intimidated by the jargon. You too can move to the cloud, creating a true modern accounting practice. Be more creative in the accounting services you offer.
Practice

How to Set Up Your Firm in the Correct Model

You probably have a model of how your firm should run. You probably think it's a profitable way of doing business. Unfortunately, you're wrong. But you can fix it.
Practice Management

How to Avoid Self-Directed IRA Nightmares

As your clients' accountant, you may find yourself in the position of dealing with the messy aftermath of bad IRA decisions. Here's how to avoid self-directed problems.
Practice

A Do-It-Yourself Peer Review for Tax Preparers

How do small tax prep firms handle peer review? If you're the sole professional, whom can you rely on to cast a second glance on your work? There are several solutions.
A&A

Bramwell’s Lunch Beat: A ‘Sensible Fix’ to Corporate Tax Rules

The menu for May 6 features specials on non-GAAP disclosures on the decline, recent internal control report deficiencies, cities and states to lose big if highway fund isn’t replenished, and more.
A&A

Bramwell’s Lunch Beat: Highway Fund’s Rocky Road Ahead

The menu for May 5 features specials on BofA shareholder meeting this week could be subdued, IRS challenging Caterpillar overseas parts deals, Swiss to US: treat our banks fairly in tax probe, and more.
Practice

Foreign Banks Given Transition Period for FATCA Compliance

New IRS guidance treats 2014 and 2015 as a transition period for foreign banks that have shown “good faith efforts” in their compliance of the US tax-evasion law, which goes into effect on July 1.
A&A

AICPA Issues 3 Audit Interpretations on Pension Standards

The interpretive guidance is intended to assist both plan and employer auditors who are auditing state and local government entities that have implemented recent GASB pension accounting standards.
Practice

What CFOs Need to Know About Gen X and Gen Y

Say goodbye to the baby boomers as they gradually ease into retirement. Say hello to Gen X and Gen Y, and realize your company will never be the same.
A&A

Bramwell’s Lunch Beat: A History Lesson on Double-Entry Accounting

The menu for April 28 features specials on NY Rep. Michael Grimm indicted on tax fraud charges, House contempt vote for Lois Lerner slated for May, US banks taking swaps business overseas, and more.

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