the #1 problem: staffing, staffing, staffing

client

smallest firms plagued most by growing tax complexity. 

via aicpa

staff recruitment remains the top issue for most cpa firms, while growing tax complexity and risk management regarding privacy and data security are rising challenges, new research by the aicpa shows.

today’s best talent, career, and growth strategies
join the survey: get the answers.

“finding qualified staff” is the no. 1 issue for every firm-size segment except sole practitioners, according to the 2019 pcps cpa firm top issues survey, matching the topline results from the last survey two years ago.

read more →

recession-proofing your business

source: aicpa

accountants in industry and in practice are taking a dimmer view of the economic and business outlook

by 卡塔尔世界杯常规比赛时间 research

recession-proofing your practice:
join the survey. get the results.

new 卡塔尔世界杯常规比赛时间 soundings show concerns are building among both public and corporate accountants about the outlook for both the u.s. and global economies.

read more →

deducting litigation expenses: new appellate court decision

statue of scales of justiceauditors said the activity wasn’t profit-seeking.

portrait of christopher demayo
demayo

by christopher m. demayo
withum

the fifth circuit court of appeals issued a decision on march 29, 2019, that explains some of the requirements for deducting litigation expenses.

the facts of the case are bizarre, but the controlling legal principles are not.

in a nutshell, the taxpayer was the sole shareholder of a company that was a commercial cleaning franchisor (“company”). in november 2002, the taxpayer traveled on vacation with his girlfriend and two employees of his company to the caribbean island of st. maarten, where he owned a home. one of the employees was a bodyguard and the other was a former girlfriend.

read more →

shutdown: what to tell tax clients during “the lapse”

how's busy season so far? join the survey. get the results.
join the survey. get the results.

government shutdown scrambles busy season.

next question: how’s it affecting accountants and clients?
join the survey. get the answers.

by rick telberg
卡塔尔世界杯常规比赛时间

the internal revenue service is struggling to continue operations as the nation heads into tax season during the “appropriations lapse,” a.k.a the government shutdown.

some 16,000 irs employees are exempt from the shutdown, and another 30,000 are being called in to work without pay—a total of 57.4 percent of the 80,265 employed before the shutdown.

nevertheless, with four desks out of ten empty, the irs is holding back on most services that require human involvement.

tax practitioners would do well to advise their clients of the following:

read more →