New tax code and massive changes in legislation have spurred widespread demand for the attention of CPAs and accountants nationwide. Barry Melancon, CEO of the AICPA, recently reflected on 2017 and described the 3 words for accountants in 2018 as: Vital, Visible, and Visionary.
It’s that time of year again, accountants! Tax season is in full swing, and with it the many migraines and worries related to impending deadlines and extension requests. Cloud accounting to the rescue!
With the busy holidays behind us and the hope for success in the months ahead, this time of year can be either super productive, or fraught with distraction.
Becoming a trusted advisor in the truest sense of the word is not an easy feat to accomplish. The business owner-accountant relationship is one of the most important connections in the business world, but the nature of the work itself can easily put a strain on both parties.
Today’s top accountants aren’t merely paper-pushers, covering the mathematical busy work and balancing the books for the higher-ups. The most talented and driven accountants become what we call an Accountepreneur, fostering the growth of the businesses they serve at a fundamental level, often moving into powerful executive roles or taking the lead in their own ventures to start a firm of their own.
Last December, Trump signed the “Tax Cuts and Jobs Act” implementing sweeping changes to tax policy at the federal level. In the wake of this widespread tax reform, accountants are scrambling to make sense of the changes and determine the best way forward for their clients.
In the Chinese Zodiac, the year of the dog begins today, February 16 2018. According to the Chinese calendar, the year of the dog is the eleventh year of a 12-year cycle. Each year is represented by a different animal, and each animal has associated beautiful myths, legends, and traditions and idiosyncrasies.
Working as a freelancer or as a self-employed individual can be rewarding. However, accounting and taxes are still necessary for even the simplest of businesses. So if you’re self-employed, a startup, or an accountant that services freelancers, you understand that having a solution that can support growth through the different stages is a critical component.
According to a 2016 benchmarking report by Compass, a management report solution for online businesses, the checkout abandonment rate in e-commerce sits at 25 percent. Think about it: That’s a quarter of your customers! The report further breaks down the numbers by product.