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Tax Pro Center | Intuit > Articles by: Liz Farr, CPA

Liz Farr, CPA

Liz Farr, CPA

Liz spent 15 years in tax and accounting at small firms in New Mexico. Besides focusing on tax returns of all flavors, she worked on audits of governmental entities and not-for-profits, business valuations, and litigation support. Liz is a freelance writer specializing in content marketing for accountants and bookkeepers around the world.

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Practice Management

Is the 70-20-10 Framework the Best Way to Train Leaders?

January 27, 2020 (Last Modified: March 9, 2020) / Liz Farr, CPA
Is the 70-20-10 Framework the Best Way to Train Leaders?

Take a look at your tax firm’s leaders in this thought-provoking article from Liz Farr, CPA.

Full Story

Practice Management

Being Future-Ready Will Require a Mindset Shift. Are You Ready?

December 16, 2019 (Last Modified: May 20, 2020) / Liz Farr, CPA
Being Future-Ready Will Require a Mindset Shift. Are You Ready?

If you want to survive and thrive as a firm now and into the future, you must embrace change, take risks, leverage opportunities, and hone in on your mindset. Get expert advice for long-term firm growth from Liz Farr, CPA.

Full Story

Tax Law and News

Professional or Casual Gambler? How to Help Your Clients Play Their Cards Right

November 18, 2019 (Last Modified: March 10, 2020) / Liz Farr, CPA
Professional or Casual Gambler? How to Help Your Clients Play Their Cards Right

When it comes to gambling, tax deductions largely depend on whether your clients are casual or professional gamblers. Learn how to best advise gambling clients in this article by Liz Farr, CPA.

Full Story

Tax Law and News

Avoid Future Taxes by Filing Form 8606 for Nondeductible IRA Contributions

July 30, 2019 (Last Modified: August 8, 2019) / Liz Farr, CPA
Avoid Future Taxes by Filing Form 8606 for Nondeductible IRA Contributions

Help your tax clients properly report their IRA contributions on IRS Form 8606 to avoid future taxes.

Full Story

Tax Law and News

How Paying Attention to Ethics Can Help Tax Professionals Be Trusted Advisors

May 24, 2019 (Last Modified: August 8, 2019) / Liz Farr, CPA
How Paying Attention to Ethics Can Help Tax Professionals Be Trusted Advisors

Find out how ethics affects your tax practice and enables you to be better trusted advisors to your tax clients.

Full Story

Tax Law and News

What is a Tax Home, and How Does it Impact Travel Expenses?

May 17, 2019 (Last Modified: August 8, 2019) / Liz Farr, CPA
What is a Tax Home, and How Does it Impact Travel Expenses?

Help your tax clients understand how to treat travel to their place of business.

Full Story

Tax Law and News

Changes Ahead for Lessors With the New Lease Standards

December 18, 2018 (Last Modified: August 8, 2019) / Liz Farr, CPA
Changes Ahead for Lessors With the New Lease Standards

FASB’s latest guidance for lease accounting for lessors, ASC 842, has subtle differences from the previous guidance in ASC 840.

Full Story

Tax Law and News

SSARS 21 Section 70 Provides Much-Needed Framework for Additional Services

December 11, 2018 (Last Modified: March 3, 2020) / Liz Farr, CPA
SSARS 21 Section 70 Provides Much-Needed Framework for Additional Services

The new guidance from the AICPA, Statements on Standards for Accounting and Review Services 21 (SSARS 21), provides a much-needed framework for firms of the future who want to provide additional services to their clients.

Full Story

Tax Law and News

Employee or Independent Contractor: How to Get it Right

March 23, 2018 (Last Modified: August 9, 2019) / Liz Farr, CPA
Employee or Independent Contractor: How to Get it Right

Make sure your firm’s and clients’ employees are classified correctly to avoid expensive ramifications. 

Full Story

Tax Law and News

Why SEP Plans Are a Great Option for Self-Employed Clients

February 20, 2018 (Last Modified: August 9, 2019) / Liz Farr, CPA
Why SEP Plans Are a Great Option for Self-Employed Clients

Help your self-employed clients understand their self-funded retirement plan options.

Full Story

Tax Law and News

How Your Clients Can Qualify as Real Estate Professionals and Deduct Rental Losses

February 9, 2018 / Liz Farr, CPA
How Your Clients Can Qualify as Real Estate Professionals and Deduct Rental Losses

Understand the potential tax benefits for your clients if they are qualified real estate professionals. 

Full Story

Tax Law and News

Electing S Corp Status May Not Save on Self-Employment Taxes for Brokers

February 1, 2018 (Last Modified: August 9, 2019) / Liz Farr, CPA
Electing S Corp Status May Not Save on Self-Employment Taxes for Brokers

Understand how S corporation status impacts self-employment taxes for brokers.

Full Story

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