What May and May not be Deducted as a Business ExpenseOne of the thornier questions at tax time centers on what may and may not be deducted as a business expense. The rules change frequently, in…
Facing Challenges - Creating SolutionsThe Challenge: Melding two management styles and different levels of experience into a single, client-focused tax practice.The Solution: Recognizing that clients…
The IRS faced several time constraints this year. Tax professionals and taxpayers everywhere were anxious to process returns, and the effects of the delay were felt by everyone when tax season did not start on time. The major reason for the deferral was ...…
Under the tax code, penalties can be assessed for not filing a tax return or for failing to pay the full amount shown. But Americans who have paid on time and in full for the previous three years can ask for the penalties to be waived...…
One morning over breakfast, a young Raymond Berardinelli’s mother asked him what his plan was after high school. He would be graduating soon and needed a little direction. His mother had always encouraged him to go to college, but Raymond was thinking more along the lines of going to trade school. His plan was to become a ...…
The end of tax season signals the ideal time for tax professionals to work on a plan to attract new customers. Time limitations often put the marketing aspect of a business on the back burner when the tax industry is at its busiest, so take advantage of the time while you have it. Here are a few tips to help you gain the competitive edge.…
So, how do you become a strategic thinker? The kind of thinker that will help insure your company is never at risk? To be become a successful strategic thinker, you need to be able to think analytically, anticipate the future, resolve problems, learn to adapt, and interpret what’s happening. And how do you do that?…
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