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April’s federal Form 1040 probably comes first to mind when anyone thinks about tax returns. As your business starts to sell into more states, though, you’re going to need to file another type of form: states’ sales tax returns. Previously, we looked at the importance of such back-office functions as your general ledger in making sure you stay compliant with sales tax collection from customers (and remittance of the cash to tax jurisdictions).
A recent report from CPA.com says that semi-autonomous AI bots are already completing bookkeeping workflows start to finish, fully automating the process.
Most founders underuse their boards. Here’s how to build a startup board that challenges you, supports you, and helps your company grow. The post Want a Real Edge? Fix Your Startup Board appeared first on Burkland.
Most accounting firms want more clients. However, few have a system to attract them consistently. Too often, growth is left to chance, relying on referrals, generic marketing, or time-consuming tactics.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
More than 74,000 individuals sat for the CPA exam last year, but only 11 met the criteria to receive the prestigious Elijah Watt Sells Award from the AICPA and NASBA.
Many companies don’t think about how to handle sales tax obligations until it’s too late. Previously we looked at how such back-office functions as the general ledger , tax calendar and billing system can cause problems with your sales tax compliance. Is it worth your time to pay attention to all these potential potholes? “It’s just sales tax. It’s just putting a number on a form,” you might say.
Financial management is the backbone of any business, enabling owners to steer toward growth, stability, and long-term success. However, as businesses evolve and financial complexities escalate, choosing the right accounting model becomes a pressing decision. Should you rely on in-house expertise or entrust an outsourced accounting service? With rapid advancements in technology, talent shortages, and the rise of remote work, this decision is even more significant as we approach 2025.
Xero has launched Tap to Pay on iPhone, enabling small business customers in the U.S. with a Stripe account to securely accept in-person contactless payments with their iPhone and the Xero Accounting app.
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
When it comes to scaling and growing your business, understanding and managing your finances is more crucial than ever. Financial Planning and Analysis (FP&A) services from AccountingDepartment.com offer small to medium-sized businesses (SMBs) a powerful tool to not just survive but thrive in an increasingly competitive market.
8 min read June 9th, 2025 Business owners are tenacious, fast learners and hard workers. They have ideas that turn into dreams, and then they manifest them into reality. Business owners are absolutely capable of doing their own books. But should you do something just because you can? Simply having the ability to do something doesn't automatically make doing it the smartest idea.
The former Missouri lawmaker won confirmation on June 12 to be the next commissioner of the IRS, leading an agency that will play a key role in administering new tax breaks if Congress passes the “big, beautiful” reconciliation package.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
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The Securities and Exchange Commission is making plans in case it inherits the Public Company Accounting Oversight Board's duties if the tax bill passes.
One of the most powerful features of QuickBooks Online (QBO) is the ability to customize reports. There are a variety of ways in which you can go from a basic financial report to one that gives you insights that can then easily be reviewed or shared with your accountant and/or stakeholders. Perhaps more importantly, the ability to customize your reports can have a direct impact on your bottom line.
WSJ had some good scoop on PwC yesterday : the firm is shaking things up in consulting. The long and short of it: PricewaterhouseCoopers is overhauling the structure of its U.S. advisory business and hiring for thousands of roles as it sees recovering demand for such services. The firm told workers Tuesday it plans to expand its advisory divisions to eight from four to provide more industry-specific services to companies, effective July 1.
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Managing payroll for your clients takes time, precision, and expertise. But you don’t have to handle it all yourself. Partnering with a managed payroll provider can save time, reduce risks, and help your firm grow.
Each new day brings a new headline about upcoming changes to tax law. As Congress weighs major decisions on the renewal of Tax Cuts and Jobs Act (TCJA) provisions and the White House issues new tariffs, tax planners may find themselves scrambling to provide answers and reassurance to their clients. If this is you, consider this your invitation to slow down and take a deep breath.
The allure of “digital transformation” can be hard to resist—especially when it comes from a seasoned VP of Finance or CFO who wants to show they can make a big impact. Often, the first move is a flashy system overhaul: switching general ledger (G/L) platforms, bringing in new payroll software, or replacing the expense management tool. In theory, it promises to streamline processes, cut costs, and position the company for growth.
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The top 20 accounting firm said on June 9 that it's merging with Wakefield, MA-based Tonneson + Co., one of the largest accounting firms in the Boston area, effective July 1.
When Adobe set out to remove 40% of the customization from its SAP system for managing indirect taxes, Thomson Reuters ONESOURCE Determination was the only solution that could meet its compliance needs and address the growing complexity of sales and use tax, VAT, GST, and industry and country-specific tax and business requirements around the world. It’s a decision that paid big dividends.
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You’ve spent years developing accounting expertise, and now you’re ready to build something of your own. Launching an accounting firm provides professional independence while allowing you to develop a business that embodies your core values and achieve success on your terms. Yet the journey from accountant to firm owner is not without entrepreneurial challenges.
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Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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