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Do you know how much time your salespeople spend actually selling? In many cases, sales reps spend too much time doing reporting, administrative tasks and other nonsales responsibilities assigned to them. If you can streamline your sales staff’s workflow to keep them better focused on selling, your profitability may benefit. Emphasize strengths To get started, take a hard look at precisely what your salespeople are doing during their workdays. When appropriate, reassign nonessential tasks to…

Do you know how much time your salespeople spend actually selling? In many cases, sales reps spend too much time doing reporting, administrative tasks and other nonsales responsibilities assigned to them. If you can streamline your sales staff’s workflow to keep them better focused on selling, your profitability may benefit. Emphasize strengths To get started, take a hard look at precisely what your salespeople are doing during their workdays. When appropriate, reassign nonessential tasks to…

Many people set up a revocable, or “living,” trust to shield assets from probate and take advantage of other benefits. For the trust to work, you must transfer assets to it that would otherwise go through probate — a process known as “funding” the trust. Most people fund their trusts around the time they sign the trust documents. Once your estate plan is complete, however, it’s easy to overlook the need to transfer later-acquired assets to your trust. If you don’t transfer them, those assets…

Many people set up a revocable, or “living,” trust to shield assets from probate and take advantage of other benefits. For the trust to work, you must transfer assets to it that would otherwise go through probate — a process known as “funding” the trust. Most people fund their trusts around the time they sign the trust documents. Once your estate plan is complete, however, it’s easy to overlook the need to transfer later-acquired assets to your trust. If you don’t transfer them, those assets…

The following humorous social, political or professional antidotes, from a CPAs perspective, are not intended to be taken seriously.  Contents do not represent the official views of GROCO, its management or employees.

The following humorous social, political or professional antidotes, from a CPAs perspective, are not intended to be taken seriously. Contents do not represent the official views of GROCO, its management or employees.

Made In 1957!

Made In 1957

Made In 1957!

No rollover relief for taxpayer who used IRA distribution as short-term loan. In a recent private letter ruling (PLR 201625022), the IRS has refused to waive the 60-day rollover requirement for a taxpayer who used her IRA distribution as a short-term source of funds pending the sale of her vacation home. Although the taxpayer claimed that her failure to accomplish a timely rollover was due to her medical condition during the 60-day period, the IRS doubted the veracity of this claim in light…

No rollover relief for taxpayer who used IRA distribution as short-term loan. In a recent private letter ruling (PLR 201625022), the IRS has refused to waive the 60-day rollover requirement for a taxpayer who used her IRA distribution as a short-term source of funds pending the sale of her vacation home. Although the taxpayer claimed that her failure to accomplish a timely rollover was due to her medical condition during the 60-day period, the IRS doubted the veracity of this claim in light…

Preparing for Tax Season: Taxes & Spousal Support

Preparing for Tax Season: Taxes & Spousal Support

My #CPAPOWERED story

My #CPAPOWERED story

Returns, rewards, whatever you call them, most people want to make something off of the money or effort they provide to a venture. And it’s human nature to try to get the greatest reward on the smallest input possible.

Returns, rewards, whatever you call them, most people want to make something off of the money or effort they provide to a venture. And it’s human nature to try to get the greatest reward on the smallest input possible.