Blog – Page 19

Records Retention Guidelines to Remember

Records Retention Guidelines to Remember Warm weather and rainy days bring the urge to purge. But before you clean your file cabinets or declutter your computer files, it’s important to review these guidelines. Federal Tax Records Most tax advisors recommend that you retain copies of your finished tax returns indefinitely to prove that you …
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#TechTips: eSignatures

By Jonathan Rivlin, CPA We’re going to kick this post off with a confession: I don’t like eFiling. In fact, I hate eFiling. In the early aughts, when this new system was forced upon our profession, I thought it would be a great thing for our clients. And in some respects it is. But the …
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#TechTips: Tax Return Workpapers — A Better Way

By Jonathan Rivlin, CPA Everyone seems to love a good tech prognosticator. The web is chock full of breathless articles touting how great things will be in 2, 5, 10, 20, 50 years from now – better living through technology. Does anyone ever go back and read some of those predictions from years past? I …
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#TechTips: Payroll Can Feel Like Surgery, But Good Payroll Is A No Brainer

By Jonathan Rivlin Payroll. Just the word alone can make any accountant cringe. Except for rookies fresh out of school. So innocent. So naive. I would hope this is no longer the case, but your humble Tech Tips never had any exposure to payroll, or sales tax for that matter, in school. For something so …
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Section 199A: Q&A With Dennis Ponton, CPA, CFP

Prior to our Facebook Live program last week, two questions were asked on our Facebook page regarding Section 199A changes. We thought we would provide our guest and upcoming seminar speaker Dennis Ponton’s answers over here on our blog. Take a look at the Q&A below: Q: Can you please clarify what assets are included …
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Maryland SALT Cap

For an update about the state tax cap in federal returns and what to do for Maryland returns, check out the information compiled below: Directly from the MarylandTaxes.com website, here are instructions for FORM 502 — itemized deduction calculation: “Copy the amount from federal Form 1040, Schedule A, line 17, Total Itemized Deductions, on line …
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#TechTips: Putting Your Best Foot Forward

By Jonathan Rivlin In today’s post we’re going to cover the last part of the data management chain: Getting that data out. Hubdoc, Bill.com, Gusto, bank feeds – all deal with data going in, and Xero manages that data once in the system. But how can we get that data out again? Historically, as a …
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Top 5 Books For Entrepreneurs

1. Mindset: The New Psychology of Success by Carol S. Dweck Start off the new year by learning about the growth mindset. Carol S. Dweck, Ph.D., is a Stanford University psychologist who discovered the power of mindset. Dweck writes about how success in every area of your life can be dramatically influenced by how you …
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The Importance Of Self-Reflection

It’s natural for us to want to be the best at what we do. We get so caught up in building our future, though, that most of the time, we forget to take a moment and evaluate ourselves. As the 2019 tax season begins, think about how the last one went. Did you meet your …
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2019 Legislative Session // FB Live Recap

First, you may or may not know about the shut down going on in the government. The Internal Revenue Service released notification that despite the government shut down, the IRS confirmed that they will start processing tax returns beginning January 28, 2019, and will begin providing refunds to taxpayers as scheduled. Hopefully, they’ll get started, …
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