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So, you’re good with numbers. That’s great. Crucial, even. But how are you at…communicating? Because that’s what’s going to set you apart from other accounting firms. The way you communicate is your personal brand. The importance of communication in accounting starts (and ends) with client relationships. Are you providing personalized service? Are you making communication easy and seamless for clients?
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The greatest expense for small business owners is often payroll. Why? Because when you hire employees, you pay more than just their wages—you also pay payroll taxes, benefits contributions, and other miscellaneous expenses. Before hiring your first employee or adding to your staff, understand the true cost of adding to your team.
The service is stopping most unannounced visits to taxpayers' residences and businesses after a rising number of threats has put its employees' safety at risk.
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Students aren't majoring in accounting because they don't have a passion for the subject, and because they perceive barriers in cost and time, especially Black and Hispanic students.
The Internal Revenue Service has announced a major policy change that will end most unannounced visits to taxpayers by agency revenue officers to reduce public confusion and enhance overall safety measures for taxpayers and employees. The change reverses a decades-long practice by IRS revenue officers, the unarmed agency employees whose duties include visiting households and businesses to help taxpayers resolve their account balances by collecting unpaid taxes and unfiled tax returns.
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By Reade Pickert and Alex Tanzi, Bloomberg News (via TNS). Half of U.S. states were experiencing record-low unemployment — or very close to it — in June, underscoring the strength of the nation’s labor market. The unemployment rates in 25 states are currently at or within 0.1 percentage point of a record low, Bureau of Labor Statistics data showed Friday.
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The former executive vice president of an Atlanta engineering firm was sentenced to five years in prison for paying bribes to two city of Atlanta officials in exchange for steering city business worth millions of dollars to his company, paying bribes to a former DeKalb County, Georgia, official in an attempt to obtain county contracts, and evading over $1.5 million in taxes.
One of the very first steps you need when hiring of a qualified benefit plan auditor is to prepare a thorough request for proposal (RFP) which will allow you to have all the information you need to make an informed decision about the value and qualifications that an auditing firm will bring to your 401(k) plan. Having a comprehensive RFP is essential in the determination of a quality auditor as well as a reduction of time and effort in the overall selection of a qualified, independent auditor.
By Elaine Silvestrini, Kiplinger Consumer News Service. Older Americans are increasing their spending faster than younger generations, according to data from Bank of America, which suggests this can be partly attributed to the relatively generous 8.7% cost-of-living-adjustment (COLA) for Social Security beneficiaries this year. As the bank noted, the COLA was the largest increase in 40 years for Social Security recipients.
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Tax Practice News' Christine Gervais and Insightful Accountant's Gary DeHart talk practice niches in the latest episode of Accounting Insiders—only on our YouTube Channel.
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Held by AUTHORITY FOR ADVANCE RULING, KERALA in the matter of IN RE: M/S. MALABAR GOLD PRIVATE LIMITED M/s Malabar Gold Private Limited (“The Applicant”) is engaged in the supply of jewellery. The Applicant transfers gold to the jewel maker for making ornaments. Jewel maker raise invoice for value of gold supplied and his making charges. The Applicant makes payment of only a differential amount to discharge his liability.
Justworks, a benefits, payroll and HR technology provider, has launched Expenses, an expense management tool that Justworks PEO customers can use to process expense reimbursement requests alongside payroll. Expenses consolidates tools and minimizes the risk of error when reimbursing employees for out of pocket expenses. Administrators can set up approval workflows and custom rules, providing structure for employees and simplifying the reconciliation process for accountants.
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Tax Practice News' Christine Gervais and Insightful Accountant's Gary DeHart talk practice niches in the latest episode of Accounting Insiders—only on our YouTube Channel.
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