Inform Accounting

DECEMBER 12, 2022

This is a timely reminder that employers may make small tax-free gifts to employees and directors if all of the following conditions apply: The cost to the employer is £50 or less. This is known as the ‘trivial benefit’ exemption. Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

Tax 52

Tax tax return Government Retail 52

ThomsonReuters

APRIL 18, 2024

With 75% of employers in the Americas forecasting that the average employee will be a hybrid worker within two years, employers should carefully consider the tax implications of such arrangements where the employee may be working in one state in-office and remotely in another state at home.

payroll tax 52

payroll tax Tax payroll Connecticut 52

ThomsonReuters

DECEMBER 6, 2023

James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, explained that the origin of the current issues with the ERC can be traced back to before the health emergency and the absence of tax preparer oversight. “Tax preparation is kind of the Wild West,” Creech began.

tax preparation 105

tax preparation Tax tax return payroll 105

ThomsonReuters

MAY 15, 2023

The use of artificial intelligence (AI) has already had a tremendous impact in many industries, and the tax and accounting sector is no exception. The current state of AI in tax and accounting The use of AI in the tax and accounting profession is rapidly becoming more popular. How can AI improve advisory services?

Tax 98

Tax cpas Account accountant 98

ThomsonReuters

APRIL 13, 2023

If you have satisfied tax return clients, in many ways you’ve already taken a step towards recurring income. Most likely, they’ll come back next tax season and perhaps from time to time throughout the year as they make key decisions. The client gets to “jump the line,” so to speak, and you get guaranteed income.

tax return 59

tax return Tax accounting and finance accounting firms 59

Going Concern

MAY 30, 2023

Ian Gow and former KPMG director Stuart Kells, authors of the 2018 book “The Big Four: The Curious Past and Perilous Future of the Global Accounting Monopoly,” write about Big 4 integrity for The Mandarin : The PwC affair is of course not the first of its kind, even for PwC. Welcome back to the grind. PwC partner Thomas F.

CPA 95

CPA institute of chartered accountants Government chartered accountant 95

Xero

JULY 21, 2022

You know all too well how vital it is to collect approval signatures from clients on financial statements, tax returns, and other key documents to keep work flowing and meet deadlines. Even better, it’s free to use until the end of November, so you have a real opportunity to try it out and experience the benefits for yourself. .

bookkeeping 75

bookkeeping tax return Tax financial statements 75

Xero

JUNE 7, 2022

Whether you’re a sole trader, side-hustler or freelancer, understanding deductions to super and taxes – on top of running your own show – is enough to make anyone’s head spin. Take our word for it; a trusted accountant or bookkeeper will become your best friend at tax time. Don’t forget to tax plan . The good news?

bookkeeping 105

bookkeeping tax planning Tax accounting software 105

ThomsonReuters

MARCH 12, 2024

Some are beyond your control, such as tax code adjustments , staff turnover , or evolving customer expectations. They see that the tools and processes in place are working, so why change to something new and unknown? The employees may be failing to see the long-range destination and benefits of adapting to change. Let’s take a look.

cpas 52

cpas Technology accounting firms Tax 52

Xero

JANUARY 9, 2024

David Rogowiec, Partner, Equivion David worked at Deloitte on the Multi-State Tax team for two years prior to starting Equivion. At Equivion, he and his co-founder have worked on all kinds of clients but have recently homed in on e-commerce clients, which pairs nicely with Xero’s framework and capabilities.

Alabama 77

Alabama bookkeeping Technology E-commerce 77

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

Tax 102

Tax tax preparation bookkeeping bookkeeping services 102

ThomsonReuters

OCTOBER 27, 2023

This blog offers insights into how to go about setting up a successful pro bono accounting services program, avoiding some of the most common pitfalls, and articulating your value to clients. Then, throughout the year, you can dip into the pool of what you have set aside in your budget for advisory services.

Account 59

Account accountant accounted accounting firms 59

Mark Lee

AUGUST 8, 2023

They are almost always variations on a theme and are all but interchangeable – which kind of defeats the idea of claiming to be ‘unique’ (as this means ‘like no other’). That is, the Unique Perceived Benefits that explain why your (ideal) clients choose you and stay with you. YOU are unique.

tax return 52

tax return Tax Account accountant 52

ThomsonReuters

JULY 6, 2023

It is important for M&A advisors to understand the client’s goals for the transaction and how the company will benefit from it. How does M&A advisory compare with tax advisory , business advisory , or accounting advisory services ?

Legal 52

Legal Tax Start-ups Construction 52

ThomsonReuters

MAY 6, 2022

Despite what all those sci-fi films promised us, robots haven’t replaced the human race just yet. Ask your employees, “What if you had zero data entry to do in payroll or bookkeeping and you had that 10 hours a week to do something else to help our customers? Recognizing the indispensable contribution of human input.

Technology 95

Technology bookkeeping Start-ups payroll 95

ThomsonReuters

SEPTEMBER 8, 2023

Jump to: What are the main types of business ownership? What is a C corporation? What is an S corporation? What is an LLC? Many entrepreneurs wonder what types of business ownerships are possible and how to determine which one is right for their business. What are the main types of business ownership?

income tax 75

income tax Tax Legal tax return 75

Cheap Accounting

NOVEMBER 15, 2021

Like previous years we’ve updated our allowable costs for your Christmas Party blog. If you meet the above criteria then it is allowable for tax without any Benefit in Kind implications. You account for what was spent. If the cost is a penny over £150 then all of it is taxed as a benefit in kind!

Tax 40

Tax Account accountant accounted 40

Snyder

NOVEMBER 17, 2022

No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. Are accounting blogs only for accountants? What’s a great accounting blog?

Account 52

Account accountant accounted bookkeeping 52

ThomsonReuters

JANUARY 12, 2023

QUESTION: Can our ERISA employee benefit plans impose a deadline for participants or beneficiaries to file a lawsuit if they wish to challenge a final administrative determination under our plans’ claims procedures? Here are some key considerations in implementing a limitations period: What Is Reasonable?

Legal 52

Legal Tax Account accountant 52

ThomsonReuters

DECEMBER 7, 2022

What is a Foreign-Trade Zone? ports of entry that allow importers and exporters of all sizes to move goods in and out of the country paying reduced or no customs duties, taxes, or fees. What can be done in an FTZ? In the ongoing race to reduce costs and optimize operational efficiency, more U.S. Designed to help U.S.

Manufacturing 59

Manufacturing Tax Retail Government 59

ThomsonReuters

APRIL 19, 2022

Tax and accounting firms need to invest in learning and development for their employees to retain talent and address succession issues. Some people are coming back to the office for the first time in two years. There has been pushback among workers about returning full time, with half of them looking to quit if required to do so.

Tax 97

Tax Account accountant accounted 97

ThomsonReuters

JUNE 22, 2021

No one enjoys being told what to do or feeling powerless. How then can IT leaders in large tax and accounting firms best make their case for new technology? They didn’t walk into this industry and say, “I’m really good at leading people and I do taxes on the side.”

accounting firms 89

accounting firms Tax Account accountant 89

Inform Accounting

NOVEMBER 18, 2022

We already knew that he was going to raise taxes and reverse most, if not all of the Truss Budget. What this means is that we are back in Austerity 2.0 The leaked and previously announced tax increases are still going ahead…. Corporation tax from April 1 2023 to increase to 25% for companies with profits over £250,000.

Tax 52

Tax income tax tax return corporation tax 52

ThomsonReuters

MARCH 28, 2023

Compliance may not be the most glamorous task facing indirect tax (IDT) teams, but the rapid pace of change in global regulations and reporting requirements is turning the humble compliance function into a rapid-fire gauntlet of continuous challenges. In the next two years, more than a dozen countries (e.g.,

Tax 59

Tax Technology corporation tax Government 59

ThomsonReuters

DECEMBER 21, 2021

As we head into the new year, tax and accounting firms are emerging from the COVID-19 pandemic just in time to face an onslaught of new challenges. Our 2022 Strategic Planning Guide for tax and accounting firms offers guidance on addressing a variety of challenges so you can enter the new year with a sense of preparedness.

accounting and finance 52

accounting and finance accounting firms Tax Account 52

ThomsonReuters

AUGUST 3, 2021

As a small firm owner, you need to believe that what you know is valuable. Think about what you have done in the past that’s positively impacted your clients and lean into those scenarios that build on your strengths and give you energy. Her firm brings a unique value to clients in that it goes above and beyond tax preparation.

CPA 52

CPA tax preparation Tax Start-ups 52

Ronika Khanna CPA,CA

FEBRUARY 10, 2023

While being self employed comes with numerous benefits, there are also many challenges. One of the major ones is ensuring that you are aware of, and fulfill, your tax obligations on a timely basis. See also 2023 tax deadlines pertaining to the 2022 taxation year Digital Download Available at Amazon What is a t2125?

tax return 52

tax return Tax accounting software business tax 52

LyfeAccounting

JULY 16, 2021

Today, we’re going to give an update on what exactly is going on with your money. We know a lot of you are waiting on tax refunds, stimulus checks, and even child tax credit payments. And this is related to the millions of people who were wrongfully taxed last year on their unemployment compensation.

Tax 52

Tax tax return tax preparation income tax 52

ThomsonReuters

JULY 8, 2021

Rapid regulatory change, evolving customer needs, and tight competition for talent is forcing tax and accounting firms to rethink their technology and software tools. . Is your tax and accounting firm keeping up with the rapid pace of change or falling behind? . Merely embracing change won’t be enough.

Technology 52

Technology Tax Legal audit 52

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. Does every corporation file income tax returns?

tax return 59

tax return corporation tax income tax Tax 59

LyfeAccounting

JULY 20, 2021

You see, everyone talks about getting an LLC but not many people talk about what to do after you start an LLC. And this is kind of scary if you don’t know what to do. So in this post, we’re going to tell you what to do after you start an LLC. What to Do After You Start an LLC. We wish it was that easy, right?

income tax 52

income tax payroll tax accounting and finance Tax 52

LyfeAccounting

APRIL 30, 2021

All to save you the most on your taxes. In either case, you want to make sure you’re aware of the tax write offs (OR deductions) you can take to minimize your taxes or even maximize your tax refund. Top 5 Tax Write Offs for New LLCs. real estate taxes. real estate taxes. Are you ready? maintenance.

Tax 52

Tax Real Estate tax planning accounting and finance 52

LyfeAccounting

APRIL 23, 2021

” But hold on, what if we told you, you can get it for free. And what if we told you the business tax code was actually set up for you to do so? Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code.

Tax 52

Tax quickbooks Real Estate accounting and finance 52

ThomsonReuters

JULY 8, 2021

Long gone are the days of sitting around a conference table, cutting coupons for extensions and estimates, copying tax returns, collating, stapling, and putting them in the mail. It pays to flip the cost conversation on its head – what will happen to your firm if you’re NOT invested in cloud technology? Risk management .

Technology 52

Technology Tax Texas tax return 52

ThomsonReuters

JANUARY 3, 2023

What’s more, having additional time to unplug and pursue personal interests outside of work can actually improve audit quality , according to 2021 research by the American Accounting Association. What challenges do auditors face today? The call for a greater work-life balance is not new among professionals across many industries.

auditor 59

auditor audit Technology Gaming 59

ThomsonReuters

JANUARY 12, 2023

This means being intentional as to what remote work will look like, which processes will be in place, and the technology that will be leveraged. . What technology will be used? Is there room to bring your own devices (BYOD) and what does that entail? . What is the availability of both staff and clients?

audit 52

audit auditor Technology Account 52

Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. What is tax software? Online tax preparation + IRS forms.

tax preparation 52

tax preparation Tax tax return accounting software 52