Articles
Complying with the Safeguards Rule for information security
Evolving technology has created the need for advanced regulations regarding the safeguarding of customer data. In 2021, the Federal Trade Commission (FTC) updated the requirements of the Standards for Safeguarding Customer Information, known as the Safeguards Rule (16...
Conflicts of interest: A practical approach for small firms
Tax practitioners are required by both the AICPA Code of Professional Conduct and Treasury Circular 230, Regulations Governing Practice Before the Internal Revenue Service (31 C.F.R. Part 10), to screen for and address conflicts of interest related to professional...
Best practices for engagement letters, POAs, and tax return extensions
Provide clarity and avoid scope creep with a carefully drafted engagement letter This discussion focuses on how and why to use engagement letters and what they should cover. The primary purpose of using a letter to define a professional relationship is to ensure that...
Coronavirus Update: Marietta CPAs Operations
As the impact of the coronavirus (COVID-19) continues to evolve, we wanted to let you, our valued clients and friends of the firm, know that Marietta CPAs is actively monitoring the situation, along with our business communities. As such, the health and safety of our...
Digital Accounting… “If the data isn’t accurate, you may make a bad decision.”
Every week Lorraine Ball of Roundpeg chats with industry leaders and marketing professionals sharing what’s new and what you need to know in the world of marketing. More Than a Few Words is recorded then shared on their website and wherever you listen to...
Restaurant Accounting 101
If you own a restaurant, chances are you started your business out of love for creating quality food and sharing your passion with your guests. You probably did not start a restaurant because you love math, numbers and complex financial problems. Unfortunately,...
The Most Important Partner for Your Business
Depending on your previous experiences, your understanding of an accounting firm could be drastically different. Some accountants will do little beyond handling your accounts and completing your tax return forms. Other accountants are more involved and take a...
3 Key Indicators of a Profitable Restaurant
Unfortunately, there is not a simple one-size-fits-all method to running a profitable business. This could be why roughly 60 percent of new restaurants don’t make it past the first year, and 80 percent never see their fifth anniversary. These scary statistics don’t...
Small Book-Keeping Mistakes Have Large Impact
A business’ books can often be the best indicator of where the company is and where it’s heading. Maintaining good books can help your company plan for the future and make better financial decisions down the road. Yet, if you asked a group of business owners what the...
4 Common Financial Mistakes Business Owners Make
Far too often, we meet business owners who come to us in need of fixing simple, common financial mistakes, allowing their hard earned revenue to trickle away. By identifying these common mistakes, you can take action to eliminate them before they create significant...
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