Thinking of Adding Audit Services? A Guide to Getting Started
Clients are asking for audits, and if your firm can’t deliver, someone else will. Here’s why audit is needed as a service line, and how to build the capacity without burning out your existing team. More CPA firms are getting the same question from clients: “Can you handle our audit?” Many private companies encounter situations […]
5 Common Payroll Pitfalls Accounting Firms Should Avoid When Preparing Client Payroll
Payroll errors are one of the most preventable and most costly risks in client accounting work. They often start small: a missed deadline, a misclassified worker, an overlooked state filing requirement. But even minor payroll errors can trigger IRS penalties, damage client trust, and eat into your firm’s billable capacity when corrections have to be […]
When Does an Accounting Firm Outgrow Its Current Operating Model?
Most accounting firms do not decide to change how they operate. They get forced into it, usually during busy season, usually at the worst possible moment. An effective accounting firm growth strategy starts well before that point, with leadership recognizing the signs early and building capacity ahead of demand instead of reacting to it. An […]
When Does Tax Season Begin? Key Tax Filing Dates for Businesses
Every year, business owners ask the same question as the calendar turns: when does tax season begin? For individuals, the answer is fairly simple. For businesses, it is not. Depending on your entity type, tax season can start weeks before the date most people circle on their calendar, and missing an early deadline can mean […]
Garrett Planning Network 2026
Countdown Days Hours Minutes Seconds Thank you for joining us at the 2026 Annual Garrett Planning Network Retreat! It was great connecting with advisers at this year’s retreat. Here’s what we covered: Stay Ahead of Compliance, Tech Adoption, and Rising Client Demands We discussed how advisory firms are using outsourcing to navigate regulatory complexity, adopt […]
What CPA Firms Get Wrong About Offshore Accounting Partnerships
The global accounting outsourcing market now sits at over $54 billion and is growing at more than 8% annually. More CPA firms than ever are turning to offshore accounting to solve capacity, cost, and talent challenges, and more are getting it wrong. The failure rarely happens at the point of signing. It happens in the […]
Done With Tax Season? Here’s Why Firms Outsource Tax Prep Now
April 15 has come and gone. If you’re reading this from the other side of another exhausting tax season, you already know what went wrong, and you’re probably already dreading January. The late nights, the scramble for capacity, the returns that nearly missed the wire — these aren’t just stressful memories. They’re signals. And right […]
The IRS & AICPA Compliance Guide for Outsourcing Tax Preparation in the U.S
For most CPA firms, the 2026 tax season looks a lot like 2025 – except harder. The April 15 deadline hasn’t moved. Client complexity hasn’t reduced. And roughly 340,000 accountants and auditors have left the US workforce in the past five years, a 17% decline, according to US Bureau of Labor Statistics data; a gap […]
Common ASC 740 Tax Provision Errors Reviewers Still See
ASC 740 income tax provisions rarely fail because calculations are incorrect. They fail because the judgment, documentation, and process behind the ASC 740 tax provision do not withstand review. Across US accounting and advisory firms, reviewers continue to flag the same ASC 740 issues year after year. Not because teams lack technical knowledge, but because […]
What is ASC 740? The Employer’s Guide to Income Tax Provision
ASC 740 income tax is the accounting standard that governs how organizations recognize, measure, and disclose income taxes under US GAAP. While the concept sounds straightforward, applying ASC 740 requires careful calculations, judgment, and documentation. A tax provision estimates current and future income tax obligations for a reporting period. The ASC 740 tax provision process […]