Professional Services Accounting Blog | DiSanto, Priest

Welcome to our Professional Services Blog!

We’re committed to bringing you a regular dose of accounting goodness, geared towards your industry. But before you dive in, here is a little of the who, what, where, why and when regarding this blog.

Who we are – at DiSanto Priest we recognize the need for specialization in the accounting industry. Professional Services is one of six industries which we have identified as focus areas for our firm. Our other industry focuses include Technology, Manufacturing, Distribution & Retail, Precious Metals, Commerical Fishing, and Real Estate and Construction. As with many of our clients, your service-driven business may cross over into our other verticals so be sure to sign up for those industry updates as well by viewing their respective pages.
What we’re doing – our goal with this blog is to bring you timely accounting information that is relevant to your business.
Where – whether you’re at your desk or on the road, our online content is downloadable as well as mobile-enabled to allow you access wherever you need it.
Why we’re doing it – we’re in the information age. You need information and you need it now. As your trusted advisor we’re in the best position to provide you with the latest and greatest of the accounting industry. We want to do it in a way that allows you to gain an understanding of a topic and empowers you to take action.
When – we plan to update our blog monthly. Stay tuned!

Physical Presence No Longer Required for Sales Tax

Jun 21, 2018

In a 5 - 4 decision, the Supreme Court ruled in favor of state authority to require online retailers to collect sales taxes without regard to physical presence in the state. Although states stand to gain much-needed tax revenues, there may be consequences for online retailers that do business in multiple states.

Taking Control of SOC Report Requests & Distribution

May 30, 2018

One of the ways firms and their business clients are utilizing a clearinghouse is for SOC report distribution – a process that is becoming more challenging to manage as an increased focus on third-party controls has led to a rise in requests for reports.

Authenticated Financial Information

May 23, 2018

There is growing demand today for accurate, authenticated financial information. While technology has positively impacted the speed and accessibility of information, it has also created new ways to alter and compromise information.

A Visit to China

May 16, 2018

China is one of the largest economy's in the world and our partner Bill Pirolli took a trip to check it out. Bill explored China's accounting industry which is beneficial for him as well as his clients just like you.

SOC Audit Reporting Guidance is Changing

Apr 25, 2018

The AICPA recently issued a new set of Trust Services Criteria that apply to SOC 2, SOC 3, SOC for cybersecurity engagements. Here is what changed.

How to Assess Your Company's Financial Health

Apr 9, 2018

We receive regular checkups to monitor, maintain, and improve our health. But did you know that you should do the same for your company?

The Importance of Strategic Planning

Mar 21, 2018

Is your company future ready? We are living in a time of rapid change around the world. Consider a Strategic Planning Engagement to ensure success.

New Year and New Tax Laws Bring Change to Estates and Gifts

Feb 28, 2018

As we continue to welcome in the first quarter of 2018 and the new tax bill, let's take a quick look at what has changed and what remains the same.

Meal and Entertainment Provisions in the Tax Cuts and Jobs Act

Jan 29, 2018

As part of tax reform, significant changes were made to the ability of businesses to deduct meals and entertainment expenses.

The Secret to Beneficiary Designations - "Follow Directions"

Aug 24, 2017

To remain competitive in today’s working environment employers will offer employees the opportunity to participate in a pre-tax retirement plan. In addition, they may offer to match the employee’s contribution up to a certain percentage. As part of the process, the employee is required to complete certain paperwork which includes a Beneficiary Designation Form (BDF).

Medical Billing - Some Best Practices

Aug 24, 2017

Today’s health care providers face an onslaught of new rules —including complex coding requirements, privacy concerns, higher copays, unpaid debts, and denied claims, to name a few—making it more important than ever for medical offices to create clear medical billing policies.

The Obstacles to Establishing Your “Dream Team”

Aug 24, 2017

We all know that people are your most important asset. They create new ideas, service your customers, and handle all the things that machines simply cannot. Let’s face it, that large payroll expense on your income statement is there for a reason. You have probably spent quite a bit of time trying to hire the best people, the smartest people, and the ones that fit your company’s culture; essentially trying to build your dream team.

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