Category: Accounting
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CPA licensing issues
In the aftermath of my recent unplanned involvement in investigating CPA license reciprocity issues, state licensing and peer review requirements, I conclude four things: 1) The stated intention of the AICPA’s mobility project is largely usurped by the states that do not wish to lose control and revenue from the practice of accounting within their…
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CPA Mobility
This past few weeks I learned more than I care to know about CPA mobility; that is, the ability of a CPA to provide services in a different state than the state where I am licensed. We should hope as professionals and as consumers that this is a clear and easy-to-understand issue. It is not. This…
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PA government says use a good financial adviser
The Department of Banking and Securities is reminding Pennsylvania investors and businesses interested in buying and selling shares in companies through crowdfunding that finding a good adviser is an important first step in the process. “It is important for investors to do your homework and/or seek trusted professional advice before investing money in an equity…
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Hubspot digital marketing
I think that Hubspot’s digital marketing blog has some great information and I try to read as many as possible. I would say that it is the overall highest quality blogs on this important and evolving topic. If I could only read one source of information on digital marketing, I would choose this one. This morning’s…
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Save money by skipping small business accounting
I have a few small business clients who do not bother with traditional accounting. That is, they do not have a system like QuickBooks or something similar to compile, organize and analyze their financial transaction records in real time. In most cases these are sole proprietors. But in one case an owner of a multi-million dollar sales…
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When taxes get ugly
Today I had to advise a small business client – in the strongest and clearest words I could summon – that it was important for him to immediately write a $5,000 check to retain a tax lawyer. Yes, it is a lot of money. I agree that it is not fair that you have to do this.…
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Sample professional payroll service agreement
What do you get when you hire a professional accountant to handle your payroll accounting and wage tax issues? This is certainly a fair question since the level of service seems to vary widely between providers. Some payroll service providers, I understand, do not even put the details of their services in writing. The professional…
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A small business marketing resolution
I’ve written recently how I cancelled a small business marketing firm’s contract because my client did not achieve the specifically stated objective of the marketing program which was to show evidence of one lead generated within the first six months of the program. The lead could have been a phone call, an email or an…
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Which of these is different than the others?
Comments about a marketing services sales video Remember those questions on cognitive aptitude test asking you to identify which item in the group is different than the others? Here’s one I ran across today in a video presentation: Item 1 – Marketing message from a daycare Item 2: marketing message from jeweler Item #3 – marketing…
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Open to new ideas in CPA marketing
It is clear that the first 18 months of my new business marketing has been a flop. The consensus advice “you’re on the right track just keep doing what you are doing” is either insufficient or just plain wrong. There is no logical explanation why my mix of marketing has not generated any new clients…