tax

small tax season leaks can cause great damage

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tiny businessman standing on dripping faucetbonus checklist: 5 key points to keep in mind.

by ed mendlowitz
tax season opportunity guide

some people are micromanagers and anal with details. others are big-picture managers, letting details take care of themselves.  neither is completely effective and both disciplines need to be balanced.

more on tax season: 5 ways thorough beats sloppy in tax season | here’s your new tax season marketing plan | when ‘quick and easy’ tax season research isn’t | 5 personal touches for tax season | consistency simplifies tax season | 11 clear client instructions to make your tax season easier | 3 ways to build a tax season team | have fun this tax season | how to get paid faster this tax season

there is a time for details and a time for big-picture thinking. when setting up procedures and processes it is essential that all details be considered and planned for. once the process is set up, there should be brief but continuous monitoring. and then the big-picture thinking should take over – that is where you will make your money.

but you can’t get to the big picture ever if you are always immersed in the details. not setting up methods right at the beginning – or permitting a lack of adherence to them – will thwart any chance of growth and the success you can achieve.

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5 ways thorough beats sloppy in tax season

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businessmen miserable over errormake sure your staff feel the same way.

by ed mendlowitz
tax season opportunity guide

don’t be sloppy instead of thorough.

all work has to be reviewed. and clients and others look at it.

sloppy work is always evident and usually incomplete. thorough work is careful and usually complete.

more on tax season: here’s your new tax season marketing plan | when ‘quick and easy’ tax season research isn’t | 5 personal touches for tax season | consistency simplifies tax season | 11 clear client instructions to make your tax season easier | 3 ways to build a tax season team | how to get paid faster this tax season

thorough work takes longer when first being worked on, but review time is drastically reduced. further sloppy work takes longer to be reviewed and longer for the preparer to be acclimated with the file when picking it up to make changes.

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tax season management: multi-tasking is a myth

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woman multitasking dollarphotoclub_58357039

here’s how to apply neuroscience insights to tax season.  next question: what are the best time-management tips and strategies for busy season? join the survey. get the answers.

by hitendra patil

it’s october 14th. you are preparing a complex tax return. the cell phone rings. you look at the phone. it’s your wife calling. you answer the call. while on the call, you look at the third screen of your computer. there is an email from your largest client, with subject line “emergency; please help.” in walks your receptionist, frantically gesturing that there is an irritated client at the front desk.

more on the entrepreneurial accountant: 3 apps to automate business networking  | the 5 most common marketing blunders accountants make |  linkedin adds messaging. finally!  |   re-learning the lingo of the accounting business  |  how the “1099 economy” will transform accounting  |  what cpa firms could learn from google’s alphabet  |  summer reading list: five great books for the five lives of a busy accountant  |  four signs the uberization of accounting has already begun  |  management guru chester elton on success  |  savvy cpas focus on the constants  |  more

yes. you may recognize the multiple demands on your time and your brain. but multi-tasking is just a myth. the science is in: no one performs as well multi-tasking as they do when focused on a single task at a time.

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pioneering cannabiz cpa warns: tread softly

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portland highway sign with marijuana leaf

cpa luigi zamarra says the industry is fraught with dangers.

by 卡塔尔世界杯常规比赛时间 research

cannabizcpa.pro

there’s a whole lot of shake-up going on in the biggest new niche in the accounting business. it’s the cannabiz—the legal planting, harvesting, processing and selling of that federally illegal substance, cannabis, whether for medicinal or recreation purposes.

more on the cannabis niche: a cpa’s unexpected journey into the cannabis industry  |  the two crippling compliance issues for cannabis industry  |  wayne harding: from tech boom to cannabis boom  |  billion-dollar questions: cannabis faq for accountants  |  ready or not: cpa firms find new opportunity in booming cannabis industry  |  america’s new breed of cannabis cpas [video]  |  irs section 280e & marijuana: tax limbo or hell?  |  the rise of the nation’s top cannabiz cpa  |  cpa cannabiz boom  |  the wild world of weed: tax season never ends  |  what’s a cannabiz worth? ask a cpa.  |  more for pro members…

this month, oregon becomes the fourth state to legalize possession of marijuana for recreational purposes. recreational use is also legal in alaska, colorado and washington, and several other states allow its use for various medicinal purposes.

but that doesn’t mean it’s legal. according to the u.s. department of justice, it’s still a schedule i controlled substance. and while the irs doesn’t bust people for possession or use, it does require special accounting and tax treatment.

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irs section 280e & marijuana: tax limbo or hell?

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colorado marijuana tax forms and money
colorado tax forms

 

cannabis complications for cpas, clients and consumers.

by justin p. breidenbach
cannabizcpa.pro

providing a client with tax services can be hard work.  things get especially difficult when an accountant becomes the bearer of bad news. it’s never easy informing a client that they owe unexpected or, what the client believes to be, unreasonable taxes.  imagine a situation where you had to tell a client that their effective tax rate is 70%, 90%, or even exceeds 100%.

i expect some may be reading this and asking themselves, “what tax hell would require a taxpayer to pay an effective rate exceeding 100%?”  i am here to inform you that this does exist, and in the marijuana industry it is known as section 280e.

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tech: tipping point? what tipping point?

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tax software vendors need to step up for cloud solutions.

by bob scott
the accounting firm operations and technology survey

in much of the business world, a substantial part of the market has passed the tipping point in terms of cloud-based software. even if they don’t own business applications that work via the internet, they are considering them. that is not the case with accounting firms.

it is pretty much the same story as last year. a majority of respondents do not use workflow applications, tablets of any size or have a replacement cycle for technology.

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the wild world of weed: tax season never ends [video]

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how one top cpa got into the cannabis business.

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by 卡塔尔世界杯常规比赛时间
cannabizcpa.pro

when dean guske attends trade shows like the world cannabis congress & business expo, he isn’t proffering pipes, papers, pot, hydroponics, or paraphernalia. a cpa with over 250 clients in washington and oregon, guske is pushing tax prep and accountancy.

more cannabiz cpas:  america’s new breed of cannabis cpas [video]  |  ready or not: cpa firms find new opportunity in booming cannabis industry  |  from tech boom to cannabis boom  |  cannabis faq for accountants  |  what’s a cannabiz worth? ask a cpa.

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

guske & company pllc got into this vast niche by professional coincidence, a client who liked the firm’s work and asked for some tax help with a new business. he was growing marijuana. this was new to guske, but it sounded interesting.

“i told him i’d have to do some research first,” guske tells 卡塔尔世界杯常规比赛时间. “i wanted to get a good understanding of what was going on tax-wise and an understanding of the industry before i accepted a client in that industry.”

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the new normal: a busy season that never ends

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staff woes contribute to major tax season problems

z_tax defining differences

by 卡塔尔世界杯常规比赛时间 research

the 2015 busy season may be one for the records. according to this year’s 卡塔尔世界杯常规比赛时间 busy season survey, more than a third of the nation’s tax preparers report a busy season that was much worse or somewhat worse than last year, and it wasn’t just the cold and the snow. read more →

comparing winners and losers in the tax business

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tax code changes emerge as prime cause of ‘worse’ tax seasons for many professionals.

z-tax metrics

by 卡塔尔世界杯常规比赛时间 research

a fresh analysis of the data from the 2015 卡塔尔世界杯常规比赛时间 busy season survey turns up several worsening situations in american tax preparation.

among those who report a “much worse” tax season, the worst-and-getting-worse cause of aggravation is the u.s. tax code and changes—especially mid-season changes—to the tax code.

but the worst among all respondents is their clientele, or more specifically, clients who are late or unprepared. a staggering 49% of respondents report client problems, a 7% increase over last year. and the percent is nearly the same for those who report a much worse season—51%—and those who had a “much better” season, 45%.

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if you thought tax season 2015 was bad…

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…the irs says 2016 could be even worse.

irs projects even worse taxpayer service for the 2016 filing season (fy 2015).
irs projects even worse taxpayer service for the 2016 filing season (fy 2015).

by 卡塔尔世界杯常规比赛时间

the 2015 filing season was akin to a tale of two cities, according to the irs’s own watchdog.

“for the majority of taxpayers who filed their returns and did not require irs assistance, the filing season was generally successful,” according to the report issued to congress by the national taxpayer advocate’s office headed by nina olson. “for the segment of taxpayers who required help from the irs, the filing season was by far the worst in memory.”

meanwhile, olson urges congress to undertake “fundamental tax reform,” pass a “taxpayer’s bill of rights” law, and boost irs funding.

“everyone is in collective denial about what inadequate funding for the irs means to taxpayers,” olson says. read more →