The Balancing Act

Weinstein Spira Blog

Weinstein Spira’s blog, The Balancing Act, provides helpful information on technical accounting and CPA firm culture.

Top Categories:           Culture          Tax          Audit           Our Team           Employee Benefit Plan Audits

Owning Your Communication Style

Owning Your Communication Style

You have heard it a thousand times— “communication is important.”  But communication styles, like pant styles, vary among generations, genders, and level of authority. Most people think they are expressing their thoughts in a way that everyone understands,...

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Picking the Right QuickBooks Version

Picking the Right QuickBooks Version

Deciding which QuickBooks version is a best fit for your business can be a challenge. There are quite a few offerings to meet the needs of a variety of business models and industries. This articleprovides a brief description of each QuickBooks version highlighting...

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Top Three Reasons to Pass the CPA Exam

Top Three Reasons to Pass the CPA Exam

Almost every accounting professional has considered taking the CPA exam, but the time, energy and stress that comes with passing all four sections can make it easy to push aside.  Studying for the exam is a challenge but it’s also a marker of your competence, work...

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How to Minimize Tax on Investment Income

How to Minimize Tax on Investment Income

When you invest in financial instruments, such as stocks, mutual funds, IRAs/401ks, commodities, and even cryptocurrency, the main goal is to grow your wealth. In many cases, once that initial investment decision is made, people tend to leave it there and go about...

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1031 Exchanges: What You Need to Know

1031 Exchanges: What You Need to Know

U.S. Internal Revenue Code Section 1031 allows real estate investors to swap one property for another and defer recognizing some or all the gain and the related tax liability from the sale of the first property—assuming some very specific rules are met. Over the...

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A Day in the Life of an Accountant

A Day in the Life of an Accountant

What is the typical day like for a staff accountant at Weinstein Spira? I am glad you asked! As a staff accountant who rotates between tax and audit, I can speak about my typical day, noting that things vary depending on the season and whether I am working from home...

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QuickBooks: Tips for New Users

QuickBooks: Tips for New Users

QuickBooks is one of the most popular accounting software programs used by small businesses to keep track of their income and expenses. It is also used inside of many large companies by the bookkeeping department for everyday accounts receivable (AR) and accounts...

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Making Powerful Connections

Making Powerful Connections

Throughout my career in public accounting, I have been a big fan of networking and it paid off enormously in both my professional and personal life with a long list of business connections and friends. But recently, I found it more challenging to make new connections,...

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Demystifying the Cash Flow Statement

Demystifying the Cash Flow Statement

The cash flow statement is an important part of a company’s overall financial statements. It provides a close look at the actual cash inflows and outflows for the period presented (typically one year). Simply put, it summarizes the changes in cash and cash equivalents...

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Brandon Waller Joins Weinstein Spira

Weinstein Spira, one of the Houston Chronicle’s Top Workplaces, is pleased to announce that Brandon Waller has joined the firm as an audit manager. “Brandon’s diverse experience and enthusiasm to coach our young professionals is an excellent addition to the attest...

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Why I Chose a Career in Public Accounting

Why I Chose a Career in Public Accounting

Background The process of choosing a career path in the field of public accounting can be daunting. Sometimes it is a conscious decision and other times it may be something you fall into by chance. For me, I had little understanding of how my degree would materialize...

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