Category: Accounting
-
6. Why form an LLC? Nesting
This is part of a series of short videos on Limited Liability Companies.
-
Why form an LLC? Protection
This is part of a series of short videos on Limited Liability Companies.
-
CPAs have a public image problem
CPAs have a brand image problem. The three words that the public most often associates with “CPA” are “accounting”, “audit”, and “tax”. Yet those words do not match the self-identity of any of the CPA firms I’ve known. We know our role as the most trusted strategic adviser for our clients. But we do a…
-
Reflecting on the 1099 filing season
IRS Form 1099 procedures are not overly complicated either in theory or in practice but are perhaps the most widely misunderstood topic in US taxation today. Reading online comments and suggestions and many stories of misapplication, it is clear that the government has much work ahead before it can effectively utilize business reporters’ information returns…
-
Crisis measures in 2022 accounting practice
I was unprepared for the rapid changes in the private practice accounting field that quickly escalated to the largest backlog of work we’ve ever seen. A scan of peer feedback indicates that we are not alone; other private firms report the same current struggle. 2020 and 2021 were difficult but manageable for our practice. 2022…