Which entity is best to help clients reduce self-employment tax? Want to help your business clients lower their self-employment taxes? If your clients started their businesses not knowing how much more payroll taxes take from their income than when they were employees, they’re probably still getting over the shock. Here’s how you can provide some […] The post S Corp vs. LLC appeared first on Accountex Report ..read more

You know the type: Those clients who stubbornly cling to paper ledgers, use shoe boxes to “file” their receipts, and maybe even have their employees punch time clocks. You recognize how much time and energy they’re wasting (and how much more time it takes you to manage their accounting), but you’re making little progress on […] The post How to Bring Old School Clients into the Digital Age appeared first on Accountex Report ..read more

As accountants, we strive to present an air of professionalism in everything we do. We measure ourselves against this invisible standard on a daily basis. We are expected to be ethical, independent, honest, knowledgeable and accurate. We had better be accurate. And we are supposed to have answers. All of the answers. To every question—even […] The post Owning Your Brand — Quirks and All appeared first on Accountex Report ..read more

Helping your startup clients understand the implications of their choice of business structure can help them both now and later. If your client base consists of a lot of startup businesses, you might have to do a bit more handholding during tax season than you thought. Most likely you’ve helped them get the business on […] The post Startups and Tax Season appeared first on Accountex Report ..read more

The deadline for clients to elect S Corporation status is March 15. With the S Corp deadline quickly approaching, your clients are bound to turn to you for advice on tax issues, compliance and more. While you’re likely well versed about S Corps, your clients might not be familiar with this particular business structure. Here’s […] The post The S Corporation Deadline Is Looming appeared first on Accountex Report ..read more

Sage 50cloud or Sage Financials? The best fit will depend on whether you want a hybrid approach to the cloud or prefer to go “all-in.” Cloud computing is no longer a scary future concept. It is very much at the forefront of IT systems across the world. Working in the cloud increases efficiencies, helps improve […] The post Sage 50cloud vs. Sage Financials appeared first on Accountex Report ..read more

As a sales tax professional with over 30 years’ experience in the field, I get asked a lot of questions about sales tax. And many of the people who ask are other advisers – accountants, bookkeepers, and attorneys. This isn’t a subject a generalist is always comfortable addressing. Over the years I’ve noticed that some questions […] The post Sales Tax Nexus: Ensure Your Clients Aren’t at Risk appeared first on Accountex Report ..read more

We all know that tax liens pose problems for business owners. As a tax professional, you’re used to helping small business clients navigate the often tricky world of business loans. You’re also used to the ins-and-outs of small business tax liens. Put the two together, and you’ve got a less common—and more difficult—situation to contend […] The post How a Tax Lien Affects Your Client’s Financing Options appeared first on Accountex Report ..read more

The tax cuts contained in the Tax Cut & Jobs Act of December 2017 — along with potential added unilateral changes to the tax code by the White House — are creating the kind of uncertainty that drives demand for the services of accounting firms. The largest firms are already seeing an increase in tax consulting work […] The post Accounting Technology Is Key to Winning New Clients in 2019 appeared first on Accountex Report ..read more

In this age of increasing competition, it’s more important than ever to delight your clients. After all, satisfied clients are more likely to be loyal and refer you to their colleagues. You can delight your clients by doing something unexpected or surprising to exceed their expectations—and help influence them to come back again. Wouldn’t you […] The post 5 Ways to Delight Your Clients appeared first on Accountex Report ..read more