Accounting Services 

Despite 65 Hour Weeks You Should Consider Doing Client Work on the Side Says Guy Who Did Side Work Back in His Day

I would like to preface what I’m about to write with an important note. I have the utmost respect for Ed Mendlowitz (not like he gives three quarters of a rat’s butt cheek what I think of him because who the hell am I), he is an OG of the profession and we are all fortunate that he so freely and graciously shares the wisdom of his many (MANY) years of experience with us. He is a respected author with an impressive resume and is regularly tapped to speak at…

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Accounting Services 

Despite 65-Hour Weeks, You Should Consider Doing Client Work on the Side, Says Guy Who Did Side Work Back In His Day

I would like to preface what I’m about to write with an important note. I have the utmost respect for Ed Mendlowitz (not like he gives three quarters of a rat’s butt cheek what I think of him because who the hell am I), he is an OG of the profession, and we are all fortunate that he so freely and graciously shares the wisdom of his many (MANY) years of experience with us. He is a respected author with an impressive resume and is regularly tapped to speak at…

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Accounting Services 

How to Make Sense of Complicated Balance Sheets

Do you know how to read your balance sheets? There are no two ways about it: it can be hard to decipher a balance sheet. It tracks your incomes and outlays. In other words, it shows you what assets you have and who their owners are. You must keep a close eye on your balances, especially if you want to avoid a premature bankruptcy. That can ruin your life, along with the lives of your business partners, associates, and employees. So, it’s simple, don’t let that nightmare scenario come true.…

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Accounting Services 

With Omicron Threatening to Send Everyone Back Inside, KPMG UK Reminds Audit Staff to Get Back to the Office

Alright so we’re sourcing this one from Reddit which, yeah, I know but since the bulk of our sources are on this side of the pond, it’s the best place to find international Big 4 news other than obscure local papers or from unmemorable African newspapers. A screenshot of an email sent out by KPMG UK Head of Audit Catherine Burnet outlines eager plans to get everyone back in the office for at least two days a week — by staff demand — plus a couple days at the client…

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Accounting Services 

Get Your Precious ZZZZs and Let An Automated A/P Solution Handle Supplier Tax Compliance

Believe it or not, risks associated with tax and tax compliance still keep CEOs in the US and around the world up at night, even in these COVID times when supply chain issues, the Great Resignation, and cybersecurity incidents grab all the headlines. According to the KPMG 2021 CEO Outlook Pulse Survey, 14% of the 500 CEOs who were polled earlier this year said tax risk poses the greatest threat to their organization’s growth over the next three years—which was behind only cybersecurity risk at 18%. In its report, KPMG…

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Accounting Services 

Tricky Business Questions: S Corporations and LLCs

Business owners often struggle with properly determining how to effectively and efficiently set up their overall business and tax structure. Business owners often struggle with properly determining how to effectively and efficiently set up their overall business and tax structure. There are so many different terms out there, from “sole proprietorships” and “limited liability partnerships” to “corporations” and “limited liability corporations.” Knowing the difference between these different companies can help you determine the best route to take for your business. Here are some helpful key terms to know and the…

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Accounting Services 

There Will Be a New Boss at Moss Adams Next Year

Eric Miles A day after Grant Thornton announced its next occupant of the corner office, Moss Adams sent out a release on Sept. 16 saying who its next corner office dweller will be. The new boss of Moss starting next April is Eric Miles, a partner who currently leads the firm’s consulting practice and has spent his entire 23-year career at Moss Adams. Moss Adams, one of the largest accounting, consulting and wealth management firms in the nation, announced the selection of Eric Miles as its next chairman and chief executive officer,…

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Accounting Services 

Jerk Client? Here’s a Way to Get Revenge and Some Billable Hours at the Same Time

Brilliant. Er, I mean wrong. So, so wrong. Terrible, even. Definitely do not do this. But if you do definitely let us know how it goes. I’m an Accountant, every Christmas we have a vote for the client who’s been the biggest prick of the year, then I report them to HMRC regardless of if they have done anything wrong, invariably they get a full audit, we get more work it’s a win win. — Fesshole (@fesshole) September 15, 2021 Via @Fesshole on Twitter, spotted on Reddit The post Jerk…

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Accounting Services 

Compensation Watch ’21: BDO USA Is Dangling a Mid-Year Raises Carrot

With top mid-tier firms like RSM US, CohnReznick, and Plante Moran doling out mid-year raises, we hadn’t heard if similar “we really should give our overworked employees more money so they don’t leave us” actions were being taken at Grant Thornton and BDO USA. Well someone from BDO answered the call: BDO told us they are giving out mid-year salary adjustments effective Jan. 1 but we don’t know how much yet. At least that’s … somewhat encouraging? Given that a lot of BDOers felt their salaries were still below market…

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