Employer Identification Numbers

YouTube Video Five Things to Know about the Employer Identification Number IR-2021-161, July 30, 2021 WASHINGTON — Calling it a key security issue, the Internal Revenue Service today urged those entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information. IRS regulations […]

Have You Found More Time?

One of the biggest challenges tax professionals and accountants face is assisting our clients in gathering all the information and documents they’ll need to be able to calculate their tax bills.  This time of year, of course, is when 90% of those tax documents are sent out and EVERY year, the phone here in the […]

Paid leave credit available for employees

IR-2021-160, July 29, 2021 WASHINGTON — The IRS today updated frequently asked questions (FAQs) on the paid sick and family leave tax credits under the American Rescue Plan Act of 2021 (ARP). The updates clarify that eligible employers can claim the credits for providing leave to employees to accompany a family or household member or certain other […]

Just How Good do The Jones’ Have It?

Everybody jokes about “keeping up with the Jones’” when it comes to the call of buying things for the sake of buying them – and going into deep debt for the sake of appearance – but why? We’ve all got somebody we look up to and try to emulate, but does it really pay off?  […]

Unemployment compensation adjustments

IR-2021-159, July 28, 2021 WASHINGTON — The Internal Revenue Service reported today that another 1.5 million taxpayers will receive refunds averaging more than $1,600 as it continues to adjust unemployment compensation from previously filed income tax returns. The American Rescue Plan Act of 2021, which became law in March, excluded up to $10,200 in 2020 […]

The hidden challenges of using your home

A few weeks ago, I had a conversation with a client who was exploring the various options for using the equity in his home as a way to pay down some other debts. He and his wife had done their research for sure, and they had settled on the Home Equity Line Of Credit (HELOC).  […]

IP PINs to protect against tax-related identity theft

IR-2021-158, July 27, 2021 WASHINGTON — Internal Revenue Service Security Summit partners today called on tax professionals to increase efforts to inform clients about the Identity Protection PIN Opt-In Program that can protect against tax-related identity theft. The IRS, state tax agencies and the nation’s tax industry – working together as the Security Summit  – need assistance […]

Prospect Nurturing

This late in the month, you’ve probably become firmly convinced that I’ve gone crazy.  Why is a CPA giving business lessons?  Where’d they get all these ideas, anyway? Well, a lot of it is simply experience.  I work with all types and sizes of companies and entrepreneurs, so I’ve seen a lot of neat ideas […]

Rethinking the Lead Acquisition Process

And the adventure continues!  I’ve been sharing some ideas about how entrepreneurs can streamline their businesses and I hope you’ve gotten a lot of insight so far.  Let’s talk about lead acquisition a little bit.  Most entrepreneurs and business owners look at lead acquisition only in terms of marketing.  The truth is, it’s a lot […]

What are you doing to make your business easier for you?

Now, “easy” is a relative term for a lot of folks, but what I’m really talking about is your client fulfillment system, your lead acquisition process, and how you’re keeping up with all your prospects. Have you made that “easy”? THAT’S the theme I want to explore this month:  the various parts of the complete […]