CPA Practice

JANUARY 31, 2024

citizen and business owner, I really don’t have a problem with paying the taxes I owe. By reducing your tax burden as a business owner, while still staying within the law, you can use more of your money to better serve your clients, provide a better lifestyle for your employees and take care of your own family.

Tax 126

Tax income tax Texas tax return 126

Anders CPA

APRIL 22, 2024

As a service-based profession, law firms have to keep a careful eye on their production metrics: That means understanding how busy their people are but also how efficient. If your utilization is low, this is the lever you need to pull. that might bring down the charge expectation to 1800 hours.

Non-Profits 52

Non-Profits Legal CPA Maine 52

CPA Practice

OCTOBER 3, 2023

Client demands and expectations are shifting. This is what I call “client relationships 2.0.” Clients have many options, especially with virtual services, so it makes sense to do everything you can to retain clients by becoming an integral part of solving their problems. Relationships are changing, too.

Education 121

Education bookkeeping services accounting firms bookkeeping 121

CTP

NOVEMBER 15, 2023

Do you feel that you pay too much in tax? Why do so many pay more than they have to? But another problem is that the accounting industry is not trained how to LOOK FOR NEW ways to reduce your taxes that you have not yet taken advantage of. But now, even your DIY tax software says it offers tax planning!

tax planning 111

tax planning Tax tax preparation tax return 111

CPA Practice

APRIL 19, 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.

Technology 72

Technology cpa firm CPA Non-Profits 72

CPA Practice

MARCH 1, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss Stanford Tax , which leverages AI to understand your clients’ prior year tax data, features broad integration options, and can import data from thousands of clients in under 10 minutes. And we have an interesting portal product to discuss with you today from Stanford tax.

Technology 111

Technology Tax Account accountant 111

Going Concern

OCTOBER 20, 2023

note: A reader sent in this thought-provoking essay on their experience as a CPA. In it the author covers their introduction to accounting, the impact the pandemic had on their goals, and the all too familiar feeling of watching your peers make buckets of money in other careers while you grind away in public. I loved the class.

public accounting 114

public accounting Account accountant accounted 114

Nancy McClelland, LLC

APRIL 11, 2023

What does this mean? The AICPA has released a “Tax Extension FAQ” for CPA members to share with their clients. What does filing an “extension” do? • An extension is a form filed with the IRS to request additional time to file your federal tax return. My note: In others, you must file a state extension.

Tax 98

Tax tax return CPA Illinois 98

Cherry Bekaert

NOVEMBER 9, 2023

Authors: Gabriela Payne, CPA On September 14, 2023, California’s Legislature approved a landmark Senate Bill 253/Climate Corporate Data Accountability Act, which is expected to have global impacts on corporate climate accountability. Below we share what we believe to be their best answers: What Is Carbon Accounting?

Account 105

Account accountant accounted California 105

Going Concern

JANUARY 5, 2024

Our 2024 Predictions For the Accounting Profession survey is still open and we invite you to share your thoughts on what lies ahead. Not only do we care about the future, we also asked what issue is currently affecting the profession but not talked about nearly enough or even at all. I expect big drop off.

cpas 98

cpas CPA bookkeeping services tax return 98

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. Here’s what you need to know. Here’s what you need to know.

Technology 137

Technology CPA cpas audit 137

ThomsonReuters

MAY 4, 2023

For CPA firms, having clear expectations and boundaries with their clients can help avoid misunderstandings, scope creep, and other potential risks. Not only that, but investing in quality payroll solutions can save businesses time, money, and resources. How do you know you are lacking in client scope?

cpa firm 96

cpa firm CPA cpas payroll 96

SkagitCountyTaxServices

APRIL 4, 2024

We just get a little less busy. Thank you so much for your trust, and for allowing us to walk with you during such a sensitive and (occasionally) painstaking process. Thank you so much for your trust, and for allowing us to walk with you during such a sensitive and (occasionally) painstaking process.

tax return 66

tax return Tax CPA Government 66

CPA Practice

OCTOBER 12, 2023

By Melissa Hertell, CPA. Did you know that client-centric firms are 60% more profitable than non-client-centric competitors? If you want to build a firm that generates more profits, understands its clients better and builds loyalty simultaneously, you need to reprogram your firm. What does this mean?

Non-Profits 98

Non-Profits bookkeeping services Education CPA 98

CPA Practice

SEPTEMBER 19, 2023

There is no need to alert this audience to the acute shortage of CPA talent. But it’s still worth underscoring how important it is for CPA firm leaders to closely monitor the job satisfaction of these precious resources — especially at a time when many of these professionals might be thinking about making a job change soon.

cpa firm 110

cpa firm CPA accounting and finance Virginia 110

CPA Practice

APRIL 17, 2023

By Bruce Willey, JD, CPA, Kiplinger Consumer News Service (TNS) A buzzword appeared in the world of small business about a decade ago: the accountant as “most trusted advisor.” As a certified public accountant, I’m flattered that we’re consulted for a growing range of business needs, including rising taxes.

Tax 104

Tax tax planning cpas CPA 104

Withum

FEBRUARY 8, 2023

You’ve heard of it on the radio, seen it on TV, and likely even discussed it with your friends. With thousands, and sometimes millions, of dollars on the line, it is important to get your ducks in a row before speaking with or responding to the IRS. How Do I Know I’m Being Audited? What Supporting Documents Will I Need?

audit 120

audit income tax tax return payroll tax 120

Anders CPA

APRIL 9, 2024

Ohio House Bill 33 has resulted in favorable changes to the Ohio Commercial Activity Tax (CAT), which began on January 1, 2024, that bring big impacts to businesses, retailers and service providers operating in the state. What is the Ohio Commercial Activity Tax? Combined groups may not exclude receipts between members of the group.

Ohio 52

Ohio Sales Tax Manufacturing 52

CPA Practice

MARCH 29, 2023

You know your local market and target clients better than anyone else. So can we make technology observations about your work environment and what to expect? I think so since we are carefully watching the macro environment while you watch your micro conditions. By Randy Johnston.

Technology 114

Technology CPA tax planning quickbooks 114

CPA Practice

NOVEMBER 1, 2023

CPA firm leaders outlining staffing plans for the coming year can’t help but worry if they will hit their hiring goals. CPA firms are bearing the brunt of other trends, too, like the dwindling population of college students graduating with accounting degrees. With that in mind, here are four dynamics to be aware of in the U.S.

cpa firm 115

cpa firm CPA accounting and finance auditor 115

CPA Practice

JANUARY 24, 2024

But for CPA firm leaders, it’s difficult to focus on the future when you’re dealing with a host of immediate business priorities. If your CPA firm is feeling the impacts of the talent shortage acutely, you’re in good company. This is also against the backdrop of tax season, one of the busiest times of the year.

cpa firm 64

cpa firm accounting and finance CPA Technology 64

CPA Practice

OCTOBER 17, 2023

By Bhairavi Parikh, CPA. That’s where you come in. As your client’s trusted advisor , your role starts early on when you’re working with individual and business clients—often while they are still in their earning period and continuing until full retirement age … but the rules and benefits can be really confusing.

Tax 115

Tax Account accountant accounted 115

CPA Practice

MAY 9, 2023

You may have heard that job openings in the United States dropped significantly in February, falling below 10 million for the first time since May 2021. But if you study the Bureau of Labor Statistics (BLS) data a little more closely, you’ll find that quits also edged up slightly that same month to 4 million. Your starting point?

Account 115

Account accountant accounted cpa firm 115

ThomsonReuters

MARCH 21, 2023

It’s probably happened to you before. A client comes in to drop off all their tax prep information and stops to ask you a “quick question.” ” It’s a question that is easy for you to answer, but one that has nothing to do with the work you do for the client.

CPA 97

CPA Tax tax return accounting firms 97

Nancy McClelland, LLC

APRIL 9, 2024

And unlike many tax preparers, we also do bookkeeping, accounting, and consulting for our small business owners — so we’ve also encouraged them to have us do a quarter-by-quarter calculation of how much to pay. That’s how you know you’re working with a real professional.)

Illinois 52

Illinois Tax tax preparation tax return 52

CPA Practice

MARCH 4, 2024

Taking on an advisory role will not only improve your year-round cash flow but will also help you better serve your clients. Deciding to offer advisory services is easy, but where do you start? At the same time, they boost your firm’s profit margins. How do you package your services?

tax planning 52

tax planning CPA Tax Construction 52

CPA Practice

JUNE 15, 2023

CPA firms are among the employers that may want to be extra cautious about if and how they instruct their workers to return to the office. If you’re considering altering the stance on flexible work at your CPA firm, don’t fail to engage your employees in the decision-making process.

cpa firm 98

cpa firm CPA auditor Account 98

CPA Practice

AUGUST 31, 2023

After Duke Alexander Moore got a sneak peek at the questions he and the two other panelists would be asked during a session at the 2023 Unique CPA Conference, “Bridging the Gap,” there was a topic he knew nothing about, even as the owner of a tax and accounting business: the traditional accounting firm partnership business model.

cpa firm 103

cpa firm CPA cpas Account 103

CPA Practice

MARCH 22, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss and review FedNow , a new instant payment infrastructure developed by the Federal Reserve that allows eligible depository institutions of different sizes across the U.S. I’m your host, Randy Johnson with co host, Brian Tankersley. But in any case, I want you to be aware of that.

Technology 64

Technology Account accountant accounted 64

SkagitCountyTaxServices

DECEMBER 21, 2023

As if December holiday crazymaking wasn’t enough, as a business owner you’re also responsible for compiling an entire year’s worth of reporting data into comprehensible form for your accountant, with enough time to spare to make proactive decisions that will improve your tax standing and long-term profitability. No pressure.

bookkeeping 75

bookkeeping Tax Sales CPA 75

Going Concern

FEBRUARY 8, 2024

We don’t have a peeping clients story but we do have a story about an accounting professor recording students who came to his house to party taking a p**s that will have you checking tissue boxes in bathrooms from now on. The other business, that is. You can still do that…at home. Take notes, slobs.

Michigan 97

Michigan California public accounting Education 97

Going Concern

SEPTEMBER 29, 2023

TLDR: Patience, intellectual curiosity, soft skills, and time management will take you far. But experts say one thing that young professionals can do, including young accountants, is to be more patient. But by bailing out too soon, you miss it. But you have to show some grit and not be afraid to ask for help.

accounting careers 115

accounting careers Account accountant accounted 115

CPA Practice

JANUARY 19, 2024

In December 2023, more than 20 of the profession’s thought leaders met for the Accounting Meta Influencers roundtable discussion on the present and future of CAS, and what this evolving phenomenon will mean for firms, for professionals, and for clients. Jump to a section: 1. Defining CAS 5. Technology’s Role 2. Where Technology Fits in CAS 3.

accounting firms 78

accounting firms Account accountant accounted 78

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.

Technology 64

Technology cpa firm CPA Non-Profits 64

SkagitCountyTaxServices

JANUARY 10, 2024

Now that we’re a week into the new year, all of last year’s broken things in your Skagit County biz have likely smacked you in the face a few times. Sadly, they didn’t magically get fixed while you were cleaning up wrapping paper and sneaking another sugar cookie. Refresh or outsource your online marketing.

Start-ups 75

Start-ups CPA Gaming Technology 75

CTP

NOVEMBER 16, 2023

CPAs and EAs are rethinking their strategies for practice management while moving from compliance to advisory services. The American Institute of Certified Tax Planners (AICTP) offers a full-service solution to developing CAS in your firm focusing on the specialization of tax planning. It’s tough keeping up-to-date on education.

tax planning 98

tax planning Tax Account accountant 98

Anders CPA

FEBRUARY 9, 2023

To set your business apart from your competition, it will take ingenuity and innovative thinking. Customers expect a continuously improving experience and to provide it, businesses must invest in the teams and technology necessary to retool their company to thrive in change. host David E.

CPA 98

CPA Technology 98