The amendments in this update from the FASB are effective for NFPs for fiscal years beginning after December 15, 2016. The standard will become testable on the CPA exam October 2017.
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Build Better Client Relationships This Tax Season
Today is Get To Know Your Customers Day and tax season is next week. We thought today’s blog post would be a great time to talk about the importance of knowing your customers since you’re about to see all of them within the next few months! For tax preparers, really knowing your clients is important. On the […]
Protect Yourself and Clients from Cybercrime this Tax Season
Cybersecurity and Cybercrime are two terms you’re going to hear a lot in 2017. That’s because Cybercrime continues to be a growing threat to consumers and businesses. According to Verizon’s 2016 Data Breach Investigations Report, “No locale, no industry or organization is bulletproof when it comes to the compromise of data.” IBM President and CEO Ginni […]
Should You Give Away Free Services and Information This Tax Season?
Your time, talent, and knowledge are valuable commodities. This is why many professionals hesitate to give anything that involves those things away for free. But free does not equal loss. In some cases it can actually benefit or help grow your tax practice. Between our sister tax firm, Peoples Tax, and The Income Tax School, […]
Tips for passing the CPA Exam
The creator of CPA Exam Guide, Bryan Kesler, CPA, shares his tips for passing the CPA exam.
A year in review: What to watch for as you prep for the CPA Exam
It was a big year in 2016 for the CPA Exam! The FASB issued several ASUs, some of which will be tested beginning this January, the testing window for 2017 was extended, and the AICPA announced that the exam will change on April 1, 2017. We understand that keep track of these changes can be […]
Get Social in 2017: A Social Media Checklist for Tax Preparers
The 2017 tax year is right around the corner. If you haven’t jumped on the social media train, you’re likely losing out to exposure and leads. Social media isn’t a magic bullet but it can have a huge impact on growth, reach, and exposure when combined with other marketing efforts this tax season. Here are some […]
Be Nice.
The nice bot wants to make the internet a better place. And we love it! It tweeted Peoples Tax a few months ago and the message has stuck with us. With all of the negativity in the world – especially on social media – the Nice Bot is a breath of fresh air. Being nice is […]
How to conquer the CPA Exam by studying less
The importance of time hasn’t been understated in history. Everyone from Einstein to Hemingway has expounded the significance of each second, but we seem to waste it constantly. That’s why I’m going to explain how you can stop wasting your CPA Exam study time – by studying less. Sure, you can spend 250 hours studying […]