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Navigating Tax Compliance Challenges in the Trucking Industry: How Our Tax Firm Can Guide You

MyIRSRelief

In this blog post, we will explore the common tax compliance challenges faced by trucking companies and highlight how our specialized tax firm can offer tailored solutions to help them overcome these hurdles. However, managing payroll taxes for these two distinct driver categories can be a daunting task for trucking companies.

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How to manage challenging tax clients

ThomsonReuters

Managing tax clients isn ’ t always easy. The problem is that challenging or tough clients can hinder a firm ’ s job performance and profitability, and they can negatively impact staff morale. Some common behaviors that can be associated with challenging tax clients include: They consistently try to get “ something for nothing ”.

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3 steps to identify and fix bottlenecks in your firm’s workflow

ThomsonReuters

Begin mapping out just one workflow : pick the most common type of work you do or the process that’s causing the most problems, such as the tax workflow for a current client. Second, it highlights the most important areas that need to be addressed.

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Inventory Planning 101: Unlocking the Secrets of Optimal Inventory Forecasting

Acterys

Forecasting optimal inventory levels is a big part of inventory management. However, it is also one of the most difficult tasks to get right. In this blog, we cover some basics about inventory planning: what it is, why do you need it, and what are its benefits and challenges. Some of the most common benefits include: 1.

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Payroll errors and how to avoid them

ThomsonReuters

In fact, a 2022  “ Future of Payroll” survey by Ceridian found that 85 percent of respondents have problems with their payroll technologies and 69 percent said they have payroll data issues. What are common payroll errors? Let’s take a closer look at each problem. Failure to comply with due dates can spell costly fines.

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Best Accounting Blogs: Finding a Great Blog for Accountants

Snyder

No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. We’ve compiled some great examples of accounting blogs to help you stay up to date on breaking news, the latest accounting software, cloud accounting, taxes, finance trends and so much more. Best accounting blogs.

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Common mistakes in cash flow statements

ThomsonReuters

However, one could argue that the cash flow statement is the most critical as it summarizes the amount of cash flowing in and out of an organization. Inaccuracies So, what are common mistakes in the cash flow statement and how can you help clients improve cash flow management? Misclassifying cash flow is a common error.