• Collaborative Accounting vs. Traditional Accounting

    Collaborative Accounting vs Traditional Accounting We have a history of successful collaborative accounting work with small business clients in several different industries, so it is natural for us to prefer this approach to small business accounting engagements as often as is appropriate. This post is meant to briefly describe key distinctions between traditional vs. collaborative accounting.   Defining the scope of work Traditional A core principle of an accountant’s work is a clear understanding of the client, the industry, the work, and its cope and limitations. Protections are often built into the agreement to prevent ‘drift’.   Collaborative The core

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  • A closer look at the recent tax problems of Realtors

    Disclosure: For the purposes of this article, I use the term “Realtor” to describe everyone I work with who is involved in the real estate field. In most but not all cases used as examples my clients are licensed Realtors as well as participants in other real estate activities. Use of the term here in this post is simply a matter of convenience in the discussion of the relevant tax and financial management issues.   This past tax season I saw more tax problems with Realtors than in any other previous year. While our tax administration system was widely described

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