To Become a Strategic Advisor, Master SSARS 21 Section 70

A while ago I was approached by Sageworks about working with them on some content writing. They were looking for someone to write more technical pieces about audit, advisory services, and business valuation. Having used their ProfitCents product years ago when I worked for Muckel Anderson CPAs in Reno, I was really honored to work with them.

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Image: Jeffrey Betts via Stocksnap.io

Our first collaboration is a look at SSARS 21, Section 70 and it was just published by Accountex. For this piece, I had a chance to interview Samantha Mansfield of CPA.com and Michael Glynn from the AICPA. It was a real honor to talk to both of them.

As anyone who’s tried to interpret new accounting standards can tell you, the language is pretty dry and sterile. So it was fun to hear from Samantha and Mike, get their thoughts on the new standard, and really just feel their excitement and passion for this subject.

Yes, people can and do get passionate about accounting standards!

Check out the article here and if you provide client accounting services, let me know in the comments if SSARS 21 Section 70 is changing the way you provide financial statements for clients.

 

Meet The 18-Year-Old Who Has Saved Close To $100,000 On Her Own

How much did you have saved when you were 18? I’ll bet this recent high school grad has you beat. Robyn Bri, an 18-year-old from Marin, CA, has saved close to $100,000 on her own by dog walking, babysitting, and working at a local diner.

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I wrote about Robyn’s phenomenal story for Forbes.

You can also check out her full interview with NewRetirement here.

Image credit: Stephen Chen for New Retirement.

Moving Expenses Deductions & Digital Nomads

It’s been a busy few months around here. My family moved from Phoenix, Arizona to Omaha, Nebraska to be closer to my family and experience seasons once again. We bought a very neglected 60-year old house in an awesome neighborhood. It’s already proving to be a money pit, but we’re excited to fix it up and make it our forever home.

 

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Cow posse not included.

We started thinking about moving to Omaha nearly two years ago when we visited my family during Halloween. The autumn weather, real pumpkin patches (as opposed to dozens of trucked-in pumpkins tossed on the desert floor with a few hay bales thrown in for aesthetics), and trick-or-treating in the neighborhood my dad grew up in made us long for a place that felt more like home.

 

Although we loved our little home in Phoenix, we were never fans of Arizona. Brian grew up in the mining town of Elko, Nevada and I grew up in Las Vegas. We met in Reno before moving to Phoenix for four years. Despite all of this, both of us feel “at home” here. For me, it’s because my dad grew up here – lives in the house he grew up in, in fact. I visited my grandparents here often. My parents, two of my brothers, my sister, and nephew are all here, within a five-minute drive. Brian enjoys the cooler weather, trees, and short commute.

So when Brian saw that an ad agency here in Omaha was looking for a new Art Director, he applied and landed the job.

Brian’s relocation for a new job means we’ll get to take advantage of the tax deduction for moving expenses. My freelance writing business moves with me. It got me thinking about whether digital nomads can benefit from the tax breaks for moving, so I wrote about it for Forbes last month.

Give it a read and let me know: What’s the last big move you made and why?

Image credit: Dominik Lange via Unsplash