EBook Collections

GUIDE TO START CLIENT ACCOUNTING SERVICES
  • Mike Goossen, CPA
  • Jan 12, 2021
Guide to start Client Accounting Services  

For as long as they have been around, a large number of accounting firms have thrived on traditional compliance services, ex: doing taxes, reviews, compilations, audits, etc. that are meant to help their clients with their daily financial situations. However, today’s challenging economic climate demands that accounting professionals collaborate more with clients to assist them improve their financial performance through better financial advice. This e-book is a guide for CPAs to help them enhance their values with Client Accounting Services. 

Year-end Tax Planner Checklist for Canadian Owner-Managed Business
  • Mike Goossen, CPA
  • Dec 18, 2020
Year-end Tax Planner Checklist for Canadian Owner-Managed Business. 

Working with your entigrity adviser is essential when considering the following year-end tax planning tactics. In addition to tax considerations, your financial plan should reflect investment philosophies, sound business practices and motivational goals. Owner-managers should ensure that sufficient funds are retained to meet business objectives; given the uncertainty in the economic environment, cash flow management is especially important. 

Year-end Tax Planner Checklist for Canadian Self-Employed Individuals
  • Mike Goossen, CPA
  • Dec 18, 2020
Year-end Tax Planner Checklist for Canadian Self-Employed Individuals

Working with your entigrity adviser is essential when considering the following year-end tax planning tactics. In addition to tax considerations, your financial plan should reflect investment philosophies, sound business practices and motivational goals. 

Cyber Security: Best Practices for CPA Firms
  • Christopher Rivera
  • Nov 20, 2020
Cyber Security Best Practices for CPA Firms. This E-book includes essential guidance and loss prevention advice to help protect your business from risk exposures caused by remote work, hacker attacks, ransomware, and wire fraud.

As a result of the COVID-19 pandemic, working remotely has opened new potential access points and vulnerabilities that hackers are exploiting. CPA firms are already prime targets for identity thieves, and these new vulnerabilities exacerbate the profession’s cyber-related challenges.

2021 PROJECTED US TAX RATES
  • Christopher Rivera
  • Nov 06, 2020
Available before the release of official figures by the IRS, and within hours of release by the Bureau of Labor Statistics, this report gives tax practitioners and financial professionals an early start on 2021 tax year strategies.

This report is meant to bring steadiness to comprehensive tax planning and access the projected tax rates. This report includes, projected penalty amounts for failure to file personal and business tax returns, failure to pay tax, failure to file correct information returns, failure to furnish correct payee statements and revocation of passports for seriously delinquent tax debts.  In the report, there are also projected retirement planning figures including income limits for Roth IRA contribution eligibility and deduction limits for qualified retirement savings contributions. There are hundreds of other amounts necessary to calculate clients’ taxes, tax tables, standard deduction amounts, thresholds for application of wage-basis limit in calculating qualified business income deduction, AMT thresholds, annual estate tax exemption amount, annual gift tax exclusion amount, education credit amounts and deduction limits for health and medical savings accounts. Download your free copy today and help your clients save in the future.Source: Bloomberg Tax & Accounting

2020 PAYROLL YEAR-END CHECKLIST
  • Patrick Ross
  • Nov 02, 2020
Payroll year end doesn’t need to be stressful – with a bit of forward planning, you can get your processing done with ease before you put preparations in place for the new tax year.

With the holiday season approaching, taxes around the corner and the quarterly payroll requirements looming, there is pressure on firm owners to complete the payroll related tasks smoothly and accurately. Year-end for payroll professionals generally begins when the next year’s inflation or indexed numbers are released in mid-October and ends in February.There are a couple of things that you need to do for a successful payroll year end. We have come up with the 2020 Payroll Year-End Checklist. This will help employers navigate the often-complicated year-end process, which extends into the following year’s first quarter. It contains a useful list of things to do in order to track the year end payroll responsibilities. Here it goes

Trump and Biden Payroll and Tax Plan Comparison 2020
  • Mike Goossen, CPA
  • Oct 30, 2020
Former Vice President Joe Biden says he won't raise taxes on anyone with annual income of less than $400,000. Meanwhile, President Donald Trump has tweeted, and stated in the second debate, that his Democratic rival would raise taxes to a level never seen before in America.

The person elected president of the United States in November 2020 will have a unique and challenging task—managing the nation's economic recovery after a global pandemic that caused unemployment to surge to levels not seen since the Great Depression. The IMF predicts U.S. economic output will drop 4.3% this year after 2.2% GDP growth last year. The expectation is that once the virus containment measures are lifted and the virus is defeated, the economy will rebound sharply.We have summarized the comparison between the tax reforms projected by both in this ebook.

100+ TASKS THAT CAN BE DONE BY OFFSHORE TEAM IN ACCOUNTING FIRMS
  • Mike Goossen, CPA
  • Aug 11, 2020
Almost every accounting firm is sunken under a myriad of tasks that usually don't need a senior level person to do. Your offshore staff can actually perform a lot more than what you think.

Like any other in-office or a local staff an offshore staff is also an asset to the company. If used efficiently he can perform almost every task that a local staff can do. However, they is always a dilemma with the practice owners about will it be worth to hire an offshore team and what tasks they can do actually. This question we hear a lot from most of the practice owners.We present this ebook that will answer the question about what tasks can an offshore team can do in accounting firm and what they can’t. Have a look.

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