Category: Accounting
-
My Friday client communications
Good communication is key to effective tax and financial planning! In today’s complex environment it is too easy to miss a communication and lose momentum. I try to review the status of all time-sensitive open issues weekly.
-
“Current events in compensation and benefits planning”
Twenty years ago I taught a CPE course in my 2nd floor office in suburban Narberth PA called “Current events in compensation and benefits planning”. It was approved for CPE credit by the PA Bar Association, the PACPA and the PA Insurance Department It was surprisingly popular and the 12 chairs in the conference room…
-
2017-2018 tax services agreement
From time to time it becomes necessary to update my service agreement. This is a revised generic tax services agreement proposed for next tax season. Dear : Thank you for choosing me to help you with your taxes. My goal is to give a stress-free tax filing experience. Clear communication plays an important part…
-
The good news/bad news for New Jersey workers on Trump’s health care cuts
Here are six key points for New Jersey workers following the 10/12/2017 Trump executive order on health care: Only 150,000 of the 9 million New Jersey residents, less than 2 percent of the state population, are affected by the Trump health care cut, according to the Centers for Medicare and Medicaid. New Jersey does not…
-
Do I want or need a financial statement audit?
Does your nonprofit organization need an audit, review or compilation? What are the three main benefits of these procedures? The AICPA has a free 6 page report titled “Do I Want or Need a Financial Statement Audit” summarizing important information. The side-by-side comparison chart is especially useful. I have been active in helping management of…
-
QuickBooks accountant fees
Business owners using the world’s most popular small business accounting platform naturally want to know the price of professional support. While today’s online accounting significantly reduces the manual labor cost, these is always some requirement for skilled personal support. I am revisiting the topic now because I wonder about resetting my own fee structure: both…
-
QuickBooks ProAdvisor Recertified
I am pleased to complete my QuickBooks ProAdvisor recertification.
-
Reflections on the standard of professional skepticism
One of the very few things I personally dislike about being a CPA is a requirement known as “professional skepticism”. As much as my innate personality leads me to act in the role of an optimist, a cheerleader, supporter and an eternal promoter of general positive thoughts, the professional responsibility requires me to objectively weigh…
-
Small Business Payroll Services
I see plenty of room for improvement is small business payroll processing. About 2 in 5 of all small businesses eventually wind up with problems and penalties due to payroll tax errors. The issue can usually be avoided by ensuring that service is provided by a reputable payroll service that is supervised by a responsible…
-
Fiduciary Rule will shake up the financial services industry
Most of us in the financial services or advisory professions are generally aware of the impact of the “Fiduciary Rule”. But few, including myself, has any in-depth understanding of the scope of its impact. This well-written explanation of the fiduciary rule comes from a training material for financial service professionals. I added the emphasis. “In…