Banco Popular de Puerto Rico

If the pandemic has a silver lining, it’s that the global accounting world is becoming smaller and borderless.

The shutdown in March forced O&G firms to confront the inefficiencies of their financial processes.

Despite the many, many downsides of COVID-19, one of the biggest silver linings has been that it forced CPAs and accountants into being true advisors to their clients.

During the 2020 presidential campaign, Democratic candidates made many proposals for changes to the Tax Code, ranging from changes to the tax rates to the imposition of a new 5 percent excise tax and a national sales tax.

A valued accountant is a holistic business advisor to clients, solving human problems that technology simply cannot — and will never be able to — solve on its own.

Under the proposed regulations, amounts paid for DPC arrangements and HCSMs are treated as deductible medical expenses.

The coronavirus pandemic has introduced a number of new areas that companies need to address.

Conversations have already started about how the increased government expenditures to support citizens during the pandemic will be funded. But resisting the urge to increase taxes may be the best way to support economic growth.

As if marketing an accounting firm wasn’t challenging enough, throw in COVID-19 along with political, social and economic upheaval, and you’ve got a challenge for the ages.

Even though everyone is using Zoom, it’s amazing how few people have actually spent time learning how to use it effectively. There’s no excuse for that.