ACCOUNTING TIPS
He’s Taking the “Boring” Out of CPE
By: Western CPE
“Fun,” “creative,” and “outside-the-box” are not terms that often come to mind when one thinks of CPE education. One of Western CPE’s most popular instructors, Jeff Sailor brings expertise and a singular flair to his coursework, designed to combat “boring CPE.” With 30 years accounting experience and more than 10 as an AICPA peer reviewer, he is as knowledgeable as he is thoughtful about his presentation. Read more about Jeff Instructor Spotlight Check out his CPE Jeff Sailor Courses Stay connected with these top accounting & auditing webcasts, covering the ins and outs of the most relevant accounting principles in …
Lease Accounting Alert – FASB Codification 842 July 23, 2019
By: Jeff Sailor, CPA
Valuable Planning Time Extended Last week, the FASB gave private companies a wonderful surprise. On Wednesday, July 17, the board proposed to delay the effective date of the new lease standard under FASB Codification 842 for one year. The effective date was to be for fiscal years beginning after December 15, 2019. This would have made the standard essentially effective for the 2020 calendar year. The proposal would make the new effective date for periods beginning after December 15, 2020.While this is only a proposal at this time, there are only administrative issues before it becomes an actual update.While most accountants …
Marketing for CPAs, Accountants, and Tax Professionals November 21, 2018
Are you looking for solutions for marketing and growing your tax and accounting firm? Read on.We live in a digital era. Did you know 30% of mobile searches are related to a location?If someone searches for “cpa firms near me” on Google and you are not in the top results, you just lost a potential customer.For example, when I search for that keyword, Google shows me 12.7 Million results.Massive competition, isn’t it?I am sure you will agree that positioning yourself online is perhaps imperative for your business growth.In this article, I will talk about the most important things you can …
Instructor Spotlight: Jeff Sailor, CPA February 22, 2018
“Fun,” “creative,” and “outside-the-box” are not terms that often come to mind when one thinks of CPE education. Most of us envision long hours in brightly-lit conference rooms, surviving from cup-to-cup of dark coffee. Some choose to study at home, parking in front of the laptop for a webcast or delving through pages of a written course. But more than 20 years ago, Jeff Sailor, CPA, realized CPE didn’t have to equate boredom.The BeginningIn 1992, Jeff Sailor was sitting in a CPE seminar, fulfilling his annual requirements for his accounting practice. “It was horrid,” he said honestly. “Some speakers were …
Cryptocurrency Generation and Taxation January 31, 2018
By: New cryptocurrency investors and CPAs alike have questions about how digital currency tokens are created, traded, and taxed. Below, we’ll give an overview of how miners acquire derivatives of a cryptocurrency token, as well as a brief synopsis of what the IRS has said so far regarding the taxation of gains on the trading of digital currencies. How cryptocurrencies generate value Unlike a traditional monetary system like the Federal Reserve where a centralized authority decides when to print currency, cryptocurrency tokens are mined by users that utilize specialized software to connect to a network (and often allow their computer to become a …