Category Archives: Tips & Resources

Perhaps I’ve over-hyped the title to this blog post a little by using the word “thriller.” However, if COVID-19 has relegated a planned summer vacation from a trip to the coast to wading in a backyard kiddie pool with your dog staring at you, you’re a little desperate for entertainment. Good news, since the new […]

Stressors abound in our increasingly hectic days. Two worrisome issues that seem to be front and center in our lives today are long-term care and paying for college. So here at Surgent, we decided to put together an informative webinar on these two emerging practice areas. They’re topics that represent increased billables among practitioners, yet […]

Data analytics and “big data” have become a game changer for internal auditing, as firms search for opportunities to provide more value to clients and respond to new regulations and increased pressure from stakeholders. Integrating data analytics into the internal audit approach isn’t easy, but the investment of time and money will help firms and […]

In recent years, a constant mantra of the AICPA’s peer review and technical staff has been that auditors are struggling with the risk assessment standards (primarily AU-C sections 315 and 330). Common deficiencies cited by the AICPA include: [1] auditors failing to gain an understanding of internal control when identifying the client’s risks; [2] incomplete […]

The Taxpayer First Act of 2019 was signed into law on July 1, 2019. The Act contains numerous provisions largely dealing with customer service to taxpayers and IRS organization. As such, there is little for professionals to digest in terms of substantive planning or practice. Two points, though, are noteworthy. The Act established the IRS […]

  Top Trends in Continuing Professional Education for 2019   Continuing professional education is a necessity for individuals who have either a credential and/or certification to maintain their ability to practice. Accounting professions, beyond certified public accountants, all have respective hours of CPE credits they must fulfill to maintain their ability to practice. Whether their […]

IRS announced the 2019 COLA adjustments to retirement plan limits on November 1, 2018 in Notice 2018-83. Elective deferrals for 401(k), 403(b), etc. plans rise from $18,500 to $19,000, plus $6,000 for those age 50 or older. The limit on defined contribution accounts increases from $55,000 to $56,000. The definition of a key employee in […]

3 Ways Surgent's Unlimited CPE for CPAs Is Perfect for You

CPE hours are an integral part of the accounting profession; CPAs use them not only to keep their licenses current, but to stay up-to-date on new technologies and advancements and enhance their careers. However, getting CPE hours isn’t exactly easy, and finding relevant opportunities can be time consuming and frustrating, especially if your deadline is […]

Reduce stress with the secret of the bicycle

With busy season looming while you’re furiously trying to learn all about the massive tax reform law, you’re probably looking for ways to reduce stress. I’m not talking about the stress that motivates us; I’m talking about the wasteful stress that just consumes energy and throws us off balance. You’ve heard many ways to fight […]

Since I frequently hear the same three questions about QuickBooks Desktop at the start of every new year, I thought I’d share these most-asked QuickBooks year end questions (and answers) with you! 1. How do I close the year in my QuickBooks file? Answer: You don’t! QuickBooks company files do not require or support a year-end […]