CPA Practice

OCTOBER 3, 2023

Accountants report that there’s been a shift to advisory services to better meet the needs of clients and also improve revenue. Accounting firms must start to enhance trust and expand their offerings to keep clients around. The Power of Diversified Services Sit down and think about your client’s needs.

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Nancy McClelland, LLC

FEBRUARY 9, 2024

I am a passionate proponent of teaching bookkeepers what they need to know about taxes to be better at their jobs, coordinate and communicate effectively with their clients’ tax preparers, and level-up by providing value-added advisory services to their clients. That last one’s a teaser for the final photo in this post.)

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tax preparation bookkeeping Education CPA 105

Ryan Lazanis

SEPTEMBER 27, 2023

If you’re a CPA firm looking to outsource your bookkeeping, you’ll want to check out this post on the 7 different options for outsourced bookkeeping for CPAs. In this article, I’ll run through some of the more modern options that might make the most sense for your firm at the moment.

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Cherry Bekaert

MARCH 6, 2024

An Enterprise Resource Planning (ERP) system functions as the backbone of a company’s business practices and integrates and automates many internal processes and information systems across an organization. Selecting the right ERP solution and effective implementation of the technology will provide countless benefits.

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CPA Practice

MARCH 1, 2024

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. Where artificial intelligence comes in Fortune Business Insights projects that by 2026, the global accounting software market will be worth $20.4

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ThomsonReuters

NOVEMBER 30, 2023

How can embracing authenticity guide your firm’s client service initiatives? Making authenticity a priority in your client service strategy Earlier this week, Merriam-Webster announced its word of the year for 2023. How can embracing authenticity guide your firm’s client service initiatives? The winner?

Tax 98

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Basis 365

JANUARY 3, 2024

In today's dynamic business landscape, optimizing efficiency and streamlining costs are crucial for success. One area where many companies are finding significant advantages is by outsourcing their accounting and bookkeeping services. But, is handing over the reins of your finances the right move for your business?

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Cherry Bekaert

FEBRUARY 26, 2024

Contributor: Veronica Vannoy Cherry Bekaert offers outsourced accounting services to businesses that want to reduce costs, improve efficiency and focus on core operations. Our certified accounting professionals produce accurate and timely financial reporting, while ensuring confidentiality and data security.

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Accounting Insight

JANUARY 8, 2024

Rising geopolitical tension in 2024 will drive an increasing number of cyber attacks on businesses, and invoice fraud will be an increasingly common attack method. Threat actors are already targeting businesses – the HISCOX Cyber Readiness Report found invoice fraud was one of the most common threats in 2023.

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CPA Practice

DECEMBER 13, 2023

Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. Don’t Wait Until Post-Tax Season to Talk CAS The ideal time to begin implementing a year-round business strategy is now.

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CPA Practice

AUGUST 21, 2023

In the fast-paced and complex world of accounting, unexpected disruptions can pose severe threats to the continuity of operations. As stewards of financial integrity, CPAs bear the responsibility of preparing businesses for unforeseen challenges. The answer lies in robust business continuity and disaster recovery planning.

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CPA Practice

FEBRUARY 2, 2024

It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. Those days are over. or “I can do your books cheaper/faster/better.”

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Account accountant accounted tax return 119

PANALITIX

JUNE 22, 2022

Accountants as Advisors– and the Elephants in the Room! How do Accountants sell more advisory services? For starters, WHY would Accountants WANT TO sell more advisory services? Ordinarily, a value-added (advisory) service should attract a higher hourly rate. RESOURCES / ARTICLES. How can this be the case?

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ThomsonReuters

MAY 19, 2022

Unfortunately, businesses often make assumptions about what their clients want. Sometimes they miss the mark, which can lead to misunderstandings, unmet expectations, and potentially dissatisfied clients who eventually take their business elsewhere. Increase client communication, value. However, that is often not the case.

Tax 105

Tax tax return accounting and finance accounting firms 105

MyIRSRelief

JANUARY 2, 2023

There are many types of IRS tax problems that individuals and businesses may encounter. Owing back taxes: If you owe back taxes , personal income tax, corporate income tax, or employment 941 payroll tax, the IRS may take enforcement action, such as placing a lien on your property or garnishing your wages and levying your bank accounts.

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CPA Practice

FEBRUARY 27, 2024

Sage , a maker of accounting, financial, HR and payroll technology for small and mid-sized businesses, has launched its new generative AI-powered productivity assistant, set to revolutionize accounting, finance and people management processes, and empowering customers to make smarter business decisions.

Account 64

Account accountant accounted Technology 64

ThomsonReuters

FEBRUARY 28, 2024

Alicia Shaul ’s path to accounting was less than traditional. Once, one of Shaul’s professors spoke about the importance of business development, saying that if you ever want to become a partner in a firm, you need to become a rainmaker and start bringing in your own work. As an undergrad, she majored in political science and pre-law.

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CPA Practice

MARCH 5, 2024

As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses.

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Technology cpa firm CPA Non-Profits 64

CPA Practice

OCTOBER 12, 2023

If you build your firm with this approach, your clients will likely pay you more because you offer a service that few firms do. Allow yourself time to understand your clients before moving on to your long-term communication. Create Communication Policies Communication is the key to success in every client relationship.

Non-Profits 98

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MyIRSRelief

NOVEMBER 3, 2023

Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS). The IRS can place liens on your property, garnish your wages, or levy your bank accounts. Mike Habib, an Enrolled Agent can help you understand your options, such as setting up an installment agreement or submitting an offer in compromise.

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Basis 365

MARCH 6, 2024

Numbers are the core of any business, but at Basis 365 Accounting, we know that successful businesses are built by people. That's why our outsourced accounting and bookkeeping services go beyond simply crunching data. So, what does it mean to help people build strong businesses? The result?

bookkeeping 64

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Basis 365

MAY 2, 2023

Managing the financials of your Amazon eCommerce business can be complex and time-consuming. As your business grows, it becomes even more critical to have accurate bookkeeping to comply with Amazon's accounting requirements and make informed business decisions.

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Cherry Bekaert

OCTOBER 5, 2023

Accounting , fondly known as the ‘language of business,’ tells the story of how a business is performing. 1) Fast-forward to present day and the fundamental concepts performed by modern bookkeepers and accountants remain, but functionality and performance look vastly different in the age of all things digital.

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MyIRSRelief

JULY 3, 2023

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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Basis 365

AUGUST 3, 2023

In today's globalized business landscape, outsourcing has become a popular strategy for companies looking to streamline operations and reduce costs. One area that has seen significant outsourcing is accounting. Regarding outsourced accounting, two prevalent models are offshore and onshore.

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Account accountant accounted 52

TaxConnex

JULY 26, 2022

By examining a handful of operational indicators, you can assess whether your provider is still the right fit for your business. How much time are you spending reviewing the work of your service provider or directing their actions?? No Accountability. Too Much Time Spent on Oversight?.

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Sales Tax tax return Technology 192

MyIRSRelief

MARCH 15, 2023

There are several back tax help options available for truckers that can help you resolve your tax debt and get back on track. One option for back tax help is to hire a tax professional. Another option for back tax help is to enter into an installment agreement with the IRS. However, you do not have to face back taxes alone.

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tax accountant Tax bookkeeping Account 130

DuctTapeMarketing

NOVEMBER 21, 2022

What fractional CMOs can do for small businesses written by Editor read more at Duct Tape Marketing. Want to grow your business and position your brand for success? But with an average annual salary of over $330,000 many small to mid-sized businesses can’t easily afford a CMO. That’s what I want to discuss today.

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Start-ups Sales Account accountant 181

CPA Practice

JUNE 28, 2023

Small- and medium-sized businesses (SMBs) are looking to invest $10,000 more in their suite of technology solutions this year than they were in 2022, a new study finds. Over the next year, 32% of business owners plan to invest in AI tools that analyze consumer trends and behaviors, the study found.

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CPA Practice

MARCH 7, 2023

The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. understanding technology options and associated risks). Here’s what you need to know.

Technology 137

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PANALITIX

MAY 31, 2021

Specializing an Accounting Business: . Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Management accounting.

Account 130

Account accountant accounted Non-Profits 130

ThomsonReuters

FEBRUARY 8, 2022

1) Communicate clearly to win new tax clients. Do you know what your clients and prospects want, especially in terms of communication? With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you.

Tax 105

Tax payroll Entertainment bookkeeping 105

MyIRSRelief

AUGUST 14, 2023

An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. This waiting period provides you with an opportunity to respond or explore alternative options. Discuss your situation and explore possible options for resolution.

tax return 130

tax return Tax Legal audit 130

MyIRSRelief

AUGUST 14, 2023

An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. This waiting period provides you with an opportunity to respond or explore alternative options. They can guide you through the process and help you explore available options.

tax return 130

tax return Tax Legal audit 130

Basis 365

DECEMBER 28, 2022

Small business owners can use payroll services to manage their tax filings and pay their payroll. However, outsourcing to a third-party payroll service provider is better than trying to handle payroll as you grow. These ten questions will help you choose the right payroll service provider. What payroll services do I need?

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payroll quickbooks payroll tax Technology 97

CPA Practice

MARCH 10, 2023

Accountants have more tools at their fingertips to grow their advisory services than ever before, and the pandemic underlined the importance of using those tools to help their clients. Today’s accountants are helping their clients navigate a rapidly changing labor and regulatory landscape. By Max Pearlstein.

payroll 105

payroll accounting firms Tax Account 105

SMBAccountant

AUGUST 30, 2021

When applying for government contracts, it’s important to understand the types of contract options that are available to you. Fixed-Price Contracts The majority of Small Business Innovation Research (SBIR) Phase I contracts issued by the government are Firm Fixed Price (FFP). This benefits both the contractor and the buyer.

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