Year: 2017

Should CPA’s work more remotely?

Jennifer Wilson of Convergence Coaching recently published an article in the Journal of Accountancy advocating that auditors should do more work remotely. Her key points were: We have the technology. Its more time and cost efficient. Some client’s audit locations are less than ideal. Firms (CPA) can gain staffing flexibility. Many of your clients will… Read more »

Tax Tips for the Average Joe

If you are a small business owner or a higher wealth individual, I strongly recommend that you stay in touch with your tax advisor over the next few weeks to properly balance your 2017 and 2018 tax bills. If you are someone who owns a home and is able to itemize, there are a few… Read more »

Asking about salary history when hiring

Federal law does not prohibit asking a job applicant about their salary history and it has been a common question on job applications. But that is changing with recent rules passed by New York City and other jurisdictions. The ban on asking for salary history comes from the fact that women and minorities have historically… Read more »

Social Security 2018 Wage Base

Each year the Social Security Administration (SSA) sets the maximum amount of wages subject to social security taxes (old age, survivor, and disability insurance).  For 2018, the wage base is going up from $127,200 in 2017 to $128,700.  Keep in mind that the employee and the employer each pay a 6.2% tax on the eligible… Read more »

New Lease Accounting Rules

The Financial Accounting Standards Board has issued new rules related to accounting for leases. The rules take effect for public companies beginning 12/15/18 but will require some consistency in reporting so firms are changing to account for their leases in the new manner in 2017.  For non-public companies, the rules take effect 12/15/19. The rules… Read more »

Using charitable giving to reducing the Medicare 3.8% surtax

Most taxpayers do not fall into the 3.8% Medicare surtax which is assessed on net investment income when the taxpayer has an adjusted gross income of over $200,000 for singles and $250,000 for married filing jointly. Net investment income includes interest, dividends, capital gains and certain passive investment income. Occasionally a taxpayer with income below… Read more »

Is your CRM working for you?

A good Customer Relationship Management system is a powerful tool. I recently attended a networking event with a friend who was almost constantly on her tablet.  At first I thought she wasn’t an attentive listener but then she began sharing information with the other attendees.  Someone ask for a lead in a firm or industry,… Read more »


In today’s tightening work environment, apprenticeships can be an excellent way for employers to develop trained staff and to evaluate them prior to making an offer of regular employment. Apprenticeships fit well in work environments where additional skills training will be required and the job applicants pool is falling behind the demand. There is very… Read more »