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.
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.
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.
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).
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.
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.