Category: Accounting
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Concern over unsustainable tax policy
Most accountants, as far as I can tell, are concerned about unsustainability of our national deficit spending. This recent tax cut was a big step in the wrong direction. My latest podcast discusses the basics.
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Concern over Tether
I’ve written a series of posts on the theme that investors have good reason for concern about cryptocurrency investments. The latest concern is Tether. Here’s what we know: Tether is the second largest cryptocurrency behind Bitcoin. Tether claims to be backed by US dollars, therefore eliminating market value fluctuation risk. Despite its massive market trading…
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Three QuickBooks insights
Intuit is the world’s leading publisher of tax and accounting software. The company offers both self-serve and professionally assisted platforms. These published insights are useful: 1. QuickBooks dominates QuickBooks is used by 82% of small businesses that use accounting software. The market dominance speaks for itself, 2. Small business prefer getting help Nine out of…
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Simple tip: keep electronic bank statements
This might be the simplest tax tip I ever offer: Download and securely store copies of all your bank statements for all your accounts. Very few individuals and businesses actually do this but in the event of a tax audit, it will save a lot of time and worry. A few other tips along the…
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Accountant’s letter
Please read this if you are required to provide a letter from a Certified Public Accountant. I am pleased to provide accountant’s letters for various purposes. It may be a verification for litigation support or another type of legal proceeding, a letter for a mortgage lender, a bank loan or an employment issue. The American Institute…
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Sample tax preparation and filing services engagement agreement
This page is outdated. A more recent version is available: Sample accounting services engagement agreement 2021
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Make small business payroll service pay for itself
Recently I published a series of short blog posts on the topic of payroll processing for small businesses. In summary, I’ve suggested that today’s automated payroll services are a fantastic value but that coördination and oversight by a small business compensation professional helps avoid problems and penalties that stem from miscommunication. I’ve suggested that the…
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Receivables management for accountants and attorneys
In my first meeting with Philadelphia’s David Rubin in early 2017, he made me realize that my vision of accounts receivables management was shortsighted. His professional approach opened my eyes to the availability of a better way to manage this necessary task! I really did not know this service was available and didn’t imagine it…
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Small business part time help matchmaker project
I’ve noticed that my businesses and other local businesses are having a tougher time finding workers for occasional projects so I started a project yesterday in an attempt to address the issue. The goal is to meet more people who are looking for various types of work and assess their interests, skills and availability. Then…
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Standard basic pricing for QuickBooks Online
2019 update: Intuit corporation announced retail rate increases for its QuickBooks products. The rates in this article are now out-of-date. Rates remain the same (for now) for subscriptions contracted through a ProAdvisor but may increase in the future. Once a subscription is started, the rate is ‘locked in’ for the life of the account. This…