Around the world, countries that have multinational corporations completing business transactions within their borders will tax the income that those companies generate. In the U.S. however, U.S. based multinationals are also taxed for income they’ve accumulated outside of the U.S. However, they receive a tax credit for any foreign income taxes they’ve already paid. American …
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Is Achieving Work-Life Balance Possible?
What does work-life balance really mean? On the surface, it seems like your life will be balanced if you’re able to allot similar amounts of time — and more importantly, energy — to all aspects of your life. It’s important to note that every individual is different: One person may feel as though they are …
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Are You Using the Right Social Media For Your Business?
There are so many social media platforms out there that it’s hard to keep track of them all, let alone establish a presence on each one. On top of that, new social media is always cropping up — so, how do you know which platform is right for you and your business? Firstly, you need …
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#TechTips: Doing Well While Doing Good: MVLS and Tax Controversy
By Jonathan Rivlin for MSATP In a recent edition of our Society’s journal, The Free State Accountant, there was a column that talked about volunteering for the Maryland Volunteer Lawyer’s Service’s (MVLS) Low Income Tax Clinic. Tech Tips will affirm the benefits of serving the public by taking on pro bono cases into your practice. …
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How to Provide the Best Customer Service
The better service you provide your clients, the more likely they’ll be to remain loyal to you and your business. Not only does this mean you’ll have their business for longer, but it also means they’ll be willing to refer your company to their family, friends, and peers. A huge part of providing your clients …
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Sales Tax & Use Tax: What’s the Difference?
We’ve covered the recent Sales & Use Tax updates after the South Dakota v. Wayfair case on our blog in the past (check out our three posts: South Dakota v. Wayfair: What Does This Mean for Online Retailers?, New Hampshire’s Take On the Wayfair Decision, and How the Wayfair Decision Affects Maryland Businesses). With our …
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#TechTips: Getting Into the Nitty Gritty with Sales Tax Apps
By Jonathan Rivlin for MSATP This post will focus on the exciting world of sales taxes — we’ll leave their oft-forgotten friend use tax for another post. NOTE: This post was written before the US Supreme Court’s Wayfair decision; as of now, Quill is still the law of the land. And that land includes some …
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MSATP’s Favorite Podcasts
A podcast is an audio show that you can listen to online — it’s basically like on-demand radio on the Internet. There are thousands of podcasts out there about various subjects, some of which include business, celebrities, professional development, news and politics, and more. They’re easily accessible both on mobile devices, and on computers (check …
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9 Tips to Help You Protect Your Practice From Cybercrime
It only takes one employee to jeopardize your company’s cybersecurity. In news release IR-2018-170, the IRS has advised tax professionals to increase their security measures due to a 30% increase in reports of data thefts from last year. Below are some tips from the IRS and its Security Summit to help you protect your practice …
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#TechTips: My Hero, Xero
By Jonathan Rivlin for MSATP In November of 2016, with the launch of my new practice, we made the decision to support a new accounting platform, Xero. I’ve been a CPA for 20 years and I’ve worked in the industry since I was 16. For me to say that I don’t support or use QuickBooks …
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