Sample accounting services engagement agreement 2021

Posted 6 CommentsPosted in Accounting, Small Business

In our practice, each client service agreement is unique and customized to the specific situation. It helps, however, to have a listing of the best practices based on past experience as the basis for our work agreement. This format posted below was used at the beginning of 2021 but is already outdated as best professional […]

No fee for Payroll Protection Program applications

Posted Leave a commentPosted in crisis management, Payroll, Small Business

I am not charging fees – and you shouldn’t need to pay for anyone else’s fees either – for preparing small business Payroll Protection Program applications in accordance with federal law and the guidance of both the AICPA and the NJCPA1. Specifically, the CARES Act states: ‘‘FEE LIMITS. — An agent that assists an eligible […]

Accounting services engagement agreement – updated for 2020

Posted 1 CommentPosted in Accounting, bookkeeping, Small Business

This page is outdated. A more recent version is available: Sample accounting services engagement agreement 2021 Dear : Thank you for choosing me to help you with business services and accounting. This engagement agreement is meant to clarify the details of our work. Even though it is long, it is written in plain language for […]

Why hourly billing rates are a bad idea in small business accounting

Posted 1 CommentPosted in Accounting, Small Business

This excerpt below comes from a 10/23/2019 article in Accounting Today by Loren Fogelman titled “Your Hourly Rate is Unfair to You and Your Clients”. It echos and reaffirms many of the concepts I’ve used to develop my Pricing Policy. An Hourly Rate Creates Tension Clients closely watch the clock when you charge for your […]

Head’s Up on New Pennsylvania Charity Reporting Requirements

Posted Leave a commentPosted in Accounting, Nonprofit, Small Business

Executive Summary: Smaller Pennsylvania charities face revised state requirements for their submitted financial statements that may require additional advance planning. May 16, 2018 is the IRS filing deadline for filing 2017 information with the federal government for most nonprofit organizations. Some organizations haven’t had a need to focus on the details of recent legal changes affecting […]

New small business employee benefit plan

Posted Leave a commentPosted in Employee Benefits, Small Business

I am pleased to introduce Freedom Benefits’ new small business flexible consumer driven employee benefit plan for 2018. Three new features are incorporated immediately: 1) Increased opportunities to waive the setup and advisory fees by working through an affiliate accountant or agent, 2) increased range of insurance options to include non-ACA compliant health insurance, and […]

It’s not too late for professional tax filing services!

Posted Leave a commentPosted in Accounting, Small Business, Taxes

It is still possible to get fast and efficient late season tax services with the full professional attention that your important tax and financial details. I reserve some time late in the season to accommodate new clients and, in fact, this has become a primary marketing tool of my tax practice. Timing: I offer a […]