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how an ‘owner’s drawer’ boosts security

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older businessman sitting at desk holding phonebonus: you sneak in some training.

by roman h. kepczyk
quantum of paperless

improving firm efficiency means that the owners have to get on board. one of the more obvious opportunities is the delivery of the firm’s own financial reports.

more: why daily t/e entry should be required | avoid over-auditing with ‘document containers’ | beyond email: new digital tools | who deletes documents and when? | capture firm knowledge on an intranet | survey: how many firms back up data to the internet?
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many firms still print a hard copy of the monthly financials and distribute them to each owner, many of whom physically store these documents in a binder or drawer in their office.
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how manufacturers can use the r&d tax credit

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bottles of sunflower oil on an assembly linethere’s a 4-part test.

by barry j. friedman, cpa
industrynewsletters

many manufacturing companies fail to take advantage of the generous research and development (r&d) tax credit simply because they don’t have staff working in a lab. the internal revenue service’s (irs) definition of r&d is codified at internal revenue code section 41 and its related regulations – and it may not be exactly what you think it is.

more: padding your tax deductions? the consequences are serious | alternative minimum tax: what’s it like today? | 6 key facts about excise taxes | gifts to charity: 6 facts about written acknowledgments | yes, home equity loans may still be deductible
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from 2018 to 2027, the estimated value of r&d tax credits to be claimed by u.s. companies is estimated at $163 billion, with $148 billion of that going to corporations.
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i used to hate quickbooks

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businessman looking thoughtfulthink about who you’re serving.

by ed mendlowitz
call me before you do anything: the art of accounting

i really used to hate quickbooks, but not anymore.

more: 26 value-added benefits clients need to know | stop pricing by the hour | getting by giving back | some mistakes i made | growing with a client | getting a referral from an adversary | start with the cash | why a break-even analysis matters
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when qb came out, most of my small business clients were using dos-based accounting software, and we were using similar software for our after-the-fact work. at some point we were getting new clients that had purchased qb and we needed to learn how to use it. the first few times i worked on such clients i started compiling a list of the specifics of what was “wrong” with qb.
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strengthen your firm’s screening practices

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two women shaking hands across a table5 reasons that background is important.

by steven e. sacks
the new fundamentals: practical guidance for today’s accounting firms

the employment scene according to the usual poll takers appears to be the best it has been in nearly 20 years. a closer study may show that in the statistics, there have been people who have stopped looking or ceased receiving unemployment checks, as well as those who are underemployed based on their education and experience.

more: the job interview: a make or break proposition | the power of ‘real influence’ | stop wasting time in useless meetings | is your firm’s culture a magnet? | outsourcing the c-suite | battling staff turnover
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if more jobs are created and businesses repatriate their operations from overseas, the focus will return to recruitment and selection.
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