Bissett Bullet: Show Genuine Empathy
Today’s Bissett Bullet: “Seek to create genuine empathy throughout the meeting and build on that wherever possible.”
By Martin Bissett
Today's Features
Turn AI Risk into Strategic Advantage | Innovation Insights
Experts outline the flexible framework that works for a three-person shop or a 30,000-employee enterprise.
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Innovation Insights
With Donny Shimamoto
Center for Accounting Transformation
Artificial intelligence is advancing too quickly for organizations to adopt a “wait-and-see” approach, according to experts on the latest episode of Innovation Insights.
Host Donny Shimamoto, CPA.CITP, CGMA, speaks with Jason Pikoos and David Wood, co-authors of the new Generative AI Governance Framework, about how companies can responsibly integrate AI into their operations.
“Governance isn’t optional,” says Pikoos, former managing partner of client experience for Connor Group. “It’s good hygiene for any organization—whether you’re a three-person shop or a multinational.”
Werner: Why eBay Sales May Be Reportable | Quick Tax Tip
New 1099-K reporting rules mean your eBay, Etsy, or other online sales could land on the IRS’s radar—even if you’re just cleaning out your garage.
Sponsored by “It’s Not Just the Numbers: How to Move Beyond the Numbers and Deliver Real Value for Your Clients”
by Penny Breslin and Damien Greathead – See Today’s Special Offer
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Quick Tax Tip
With Art Werner
CPE Today
If you’ve been selling old collectibles, furniture, or other personal items on eBay, you might think of it as a quick way to make cash, not something that belongs on your tax return. But according to tax guru Art Werner, new reporting thresholds for 1099-K forms are changing that, and the IRS could already have your sales data in hand.
“In the past, the threshold for receiving a 1099-K from a payment processor or credit card company was $20,000,” Werner explains in the latest episode of Quick Tax Tip. “If you didn’t hit that threshold, you wouldn’t get the form, and frankly, no one was looking.”
That’s no longer the case.
The Marketing Technology You Need for Success and Growth
Tips for accounting firms of all sizes.
By August Aquila
MAX: Maximize Productivity, Profitability and Client Retention
For a CPA firm to be successful today, it is necessary to leverage marketing technology to attract and retain clients, streamline processes and maintain a competitive edge. The new marketing technology is necessary to be a firm in the 21st century.
MORE by August J. Aquila
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Depending on the firm’s size you probably won’t need all the technologies listed below. I’ll break them down by firm size based on volume.
Here are some important marketing technologies that can benefit a CPA firm.
How to Prep Daily Reports for Business Managers
Plus five self-assessment questions about the manager/owner’s role.
By Ed Mendlowitz
77 Ways to Wow!
The author contends that almost every business owner or manager is an absentee owner or manager, regardless of the amount of time they spend at their business.
MORE by Ed Mendlowitz
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While many are ever-present either physically or virtually by phone, texts and emails, they are not managing but rather working in their business on what needs to be done at that moment or that day. They are responding to normal business routines; customer, supplier and personnel requests or problems; and myriad other situations that demand their time, such as banking relationships, cash flow planning, HR issues including hiring, discharging and compliance, interactions with outside professionals, including their attorneys and accountants, and regulatory and occupancy issues. Some have partner issues and if they are managing a not-for-profit organization, then board and possibly funding and development issues. They are functioning as a necessary and essential employee and are not really running the business or organization – as if they were not there or were in another part of the country.
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