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2023 Year-End Tax Planning Strategies for Businesses

Cherry Bekaert

There are several key tax considerations and tactical approaches for businesses to address while closing out 2023 and moving into 2024. From leveraging tax incentives to optimizing deductions, this guide offers insights into tax planning to help businesses make informed decisions and set a solid foundation for the upcoming year.

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Tax planning strategies to start the new year with

ThomsonReuters

But where do you begin building your tax planning strategy? Tax planning strategy #1: Utilize short-term staffing solutions As tax season begins, firms in need of a short-term boost in headcount should consider outsourcing services to increase workload capacity. Partial outsourcing is also an option.

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2023 Readers’ Choice Awards – The Readers Have Voted!

CPA Practice

And now, the results are in: IN-FIRM TECHNOLOGIES Federal/State Income Tax Preparation Insight : As was true in every year of voting, the tax prep system category is always the most voted-on, with nearly all respondents selecting a preferred system. We thank the more than 5,000 professionals who participated in voting this year.

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Accounting Automation: The Definitive 2023 Guide

Ryan Lazanis

This is my complete guide to accounting automation in 2023. A report by Oxford University concluded that there was a 99% chance that tax preparers’ jobs would be automated and a 98% chance that it will happen to bookkeepers and accountants. Here’s a good video of how MindBridge works in action: 15) Tax Planning.

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Intuit Adds Features to ProTax Group of Products

CPA Practice

Intuit Accountants offers a range of products and services to help tax and accounting professionals stay ahead of the curve. State Tax Analysis and Projections – Expands capabilities that include primary state returns, in addition to federal returns.

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How Tax Automation and Advisory Solutions Can Transform a Firm

CPA Practice

Similarly, tax practices for firms who embrace AI & TAAS will outperform firms that do not adapt to the coming innovation. Here are some examples of how this will manifest: • Accelerating tax preparation. Advanced tax preparation automation will transform preparers into reviewers and free up staff to focus on client service.

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Guide to accountant responsibilities

ThomsonReuters

Accountant vs. CPA vs. tax preparer: What are the differences? Preparing tax returns. Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals may find that some outside of the profession do not fully understand the differences between an accountant and a tax preparer.

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