How Accounting Firms Can Increase Employee Retention

accountant employee retention

In the wake of COVID and the Great Resignation, employee retention has become an even bigger issue than usual for many firms. In a recent survey, 41% of respondents admitted they plan to leave their current job or look for a new one during the second half of 2022. This means now is the time … Read more

Benefits of Tax Preparation Outsourcing for Accounting Firms

outsource tax prep

For the vast majority of businesses, outsourcing accounting and tax work is a necessity. Companies, from major firms to small businesses, turn to CPAs, accounting firms and other tax preparers to ensure their accounting work is done precisely and on time. Increasingly, accounting firms themselves are turning to outsourcing firms to help increase capacity and … Read more

Additional Child Tax Credit: What is It & Do I Qualify?

child paper figure

It’s a parents job to support their children, and doing so isn’t cheap. In 2015, the U.S. Department of Agriculture reported that raising a child to the age of 17 costs about $233,000. This figure doesn’t take college tuition into account.  Fortunately, the IRS understands that children are amazing but expensive creatures. To help offset … Read more

Standard Deduction vs Itemized: How To Pay Less In Taxes

money flow schema

Death and taxes may be the only two sure things in life, but you can at least get some wiggle room on your taxes. You can achieve breathing room on your taxes through tax deductions, which let you use certain expenses to lower your income and therefore your tax liability. The concept itself is quite … Read more