ThomsonReuters

APRIL 18, 2023

For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. A DOL determination would have “ no direct impact on tax withholding,” Lebowitz noted. The FLSA requires that employers keep records for at least three years.

payroll 107

payroll payroll tax Tax audit 107

ThomsonReuters

NOVEMBER 30, 2023

How can embracing authenticity guide your firm’s client service initiatives? But it got us thinking about what it could mean on a practical level for accounting firms – especially with regard to their client relationships. How can embracing authenticity guide your firm’s client service initiatives? The winner?

Tax 98

Tax accounting firms Account accountant 98

Withum

MAY 26, 2022

Why, how and whether you invest in the stock market is your business. However, no matter how you choose to invest, there are overall market risks that are very hard to be insulated from. One is to only invest in the stock market if you have a long-term horizon or goal. Stock market volatility has become a daily reality.

Tax 105

Tax income tax Government tax return 105

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. How did your firm fare this year? That is a question firms should consider as they reflect on the tax season. What’s important to keep in mind, however, is attracting and maintaining the right clients.

accounting firms 96

accounting firms Tax Real Estate Account 96

Mark Lee

OCTOBER 17, 2023

When accountants ask me how they can distinguish themselves from their immediate competition, I remind them that whilst the work output may be much the same (in terms of accounts and tax returns), the service, style, approach and fees may be very different. To my mind this is the start of a service guarantee.

Account 94

Account accountant accounted tax return 94

ThomsonReuters

AUGUST 1, 2022

The public perception of accountants is typically described as compliance processors or number crunchers—people who balance books and prepare tax returns. Unfortunately, this limited view clouds the true value of accounting professionals and can lead to some people choosing do-it-yourself tax software.

tax return 97

tax return Tax Account accountant 97

ThomsonReuters

MARCH 2, 2023

As accountants, we often get questions or requests from clients that are outside of the scope of our working relationship (i.e., During tax season , these demands can be especially stressful given the large workload and long hours. But how do you know when and how to say no? billable activities).

Account 59

Account accountant accounted tax return 59

ThomsonReuters

FEBRUARY 9, 2023

As accountants, there’s no way to avoid the hectic nature of tax season. Amidst such a busy time, how do you ensure you aren’t overwhelming yourself or your staff? How can I make my tax season easier? Own your time Your time is precious—and it can very easily be consumed during tax season.

Tax 59

Tax tax return Technology accounting software 59

ThomsonReuters

NOVEMBER 8, 2022

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. So how does automation work at an accounting firm?

Technology 98

Technology Account accountant accounted 98

Xero

OCTOBER 20, 2022

Accounting has been revolutionised many times over with the emergence of new technology. From calculators to Excel spreadsheets, accountants wouldn’t have gotten far if they weren’t willing to adapt for the good of their practices and their clients. . Family business. Two years later, Ravi entered the fray. A journey with technology.

Account 89

Account accountant accounted income tax 89

Xero

MAY 27, 2022

If you’re a landlord , you’ll likely have felt the rumblings around Making Tax Digital for Income Tax Self Assessment ( MTD for ITSA ). . From the MTD for ITSA start date, landlords earning above £10,000 annually will need to change the way they record income and expenditure, as well as how they submit tax returns. .

income tax 70

income tax Tax tax return Real Estate 70

ThomsonReuters

JUNE 15, 2022

The foundation of a successful tax practice rests on the technical knowledge of your people. While you can create a modern firm with automated processes and expansive service offerings, your clients won’t keep coming back if your team isn’t up to speed with the most recent tax law changes.

Tax 98

Tax Technology audit tax preparation 98

ThomsonReuters

SEPTEMBER 7, 2023

When does a dependent have to file their own taxes? Helping clients with claiming dependents Tax software for claiming dependents on taxes From an accountant’s perspective, helping your clients navigate the various aspects of claiming dependents on taxes can be complicated.

Tax 52

Tax income tax tax return tax preparation 52

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? What are the roles and responsibilities for accountants?

Account 59

Account accountant accounted tax preparation 59

Mark Lee

OCTOBER 31, 2023

The loyalty of current clients Here’s the truth (for most clients of most accountants): Whatever new developments, new opportunities, new tech, new laws or other changes come about in the next few years, very few of your current clients are going to leave you for another accountant. Maybe they wanted tax advice too.

tax return 92

tax return bookkeeping bookkeeping software accounting and finance 92

ThomsonReuters

APRIL 4, 2022

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff.

Tax 98

Tax Technology tax preparation tax return 98

Mark Lee

JANUARY 30, 2024

There are two types of accountants who use social media and Linkedin: Those who have learned what works FOR THEM, and Those who have bought into the hype and HOPE that what are doing will prove to be worth the time and effort. Unfortunately, the vast majority of accountants seem to fall into the latter category. WHAT WORKS FOR OTHERS?

Account 92

Account accountant accounted tax return 92

Withum

SEPTEMBER 14, 2022

While we’re waiting on the IRS to ramp up, now is a good time to take the opportunity to reassess your tax “strategies” and compliance. The IRS is aware of the “creative” schemes some taxpayers employ to lower their tax bills. 10 Troublesome Tax Schemes. Consequently, taxpayers took on some bad habits.

Tax 105

Tax tax return audit Entertainment 105

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

SkagitCountyTaxServices

JANUARY 5, 2024

Sure, we might start with the best of intentions, but by February most of us have quit the gym, returned to normal eating habits, and left books unread on our bedside tables. But something I do believe in making at the start of the year are goals — both personally and professionally, short- and long-term. We can help. ) We can help. )

Tax 81

Tax financial statements Sales Legal 81

Mark Lee

DECEMBER 12, 2023

Historically most clients stay with their accountant for many years. They generally move only when they feel their accountant doesn’t care enough about them, puts their fees up significantly or messes up. My advice in this blog post about safeguarding your practice largely concerns only what I might call ‘simpler’ clients.

tax return 94

tax return Tax bookkeeping bookkeeping services 94

ThomsonReuters

JULY 11, 2023

Accounting professionals have long been trusted advisors for their clients. That relationship was shifted into higher gear by the onset of the COVID-19 pandemic as many companies turned to their tax and accounting professionals to help keep their businesses afloat. So how can firms elevate their advisory journey?

tax preparation 75

tax preparation tax planning Tax CPA 75

Snyder

OCTOBER 31, 2022

How to start a Shopify business: setting a goal and choosing product ideas for your store. How to set up a Shopify e-commerce store? How to customize a Shopify store? Starting to sell: How to add products to Shopify? How to add helpful pages to your Shopify store? How to add a blog to your Shopify store?

E-commerce 97

E-commerce Start-ups Tax Sales 97

ThomsonReuters

OCTOBER 6, 2023

That’s why we’ve created this simple guide outlining how firms can complete the planning phase of a digital 1040 tax transformation. That’s why we’ve created this simple guide outlining how firms can complete the planning phase of a digital 1040 tax transformation.

tax preparation 64

tax preparation Tax tax return Technology 64

Xero

AUGUST 22, 2022

The road to Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is long and winding, but the end is in sight. From April 2024, sole traders and landlords with a total annual turnover above £10,000 need to use MTD for ITSA compatible software to keep digital records and file returns. Getting started.

Account 76

Account accountant accounted tax return 76

ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ percent from 2022 to 2030.

corporation tax 59

corporation tax Tax income tax tax return 59

Shay CPA

JANUARY 17, 2024

The beginning of a new calendar year means every business owner needs to put some thought into tax filings. Beyond filing for your own company, you also have fast-approaching responsibilities pertaining to your employee’s taxes and their ability to file. A big change went into effect for your contractors for the 2023 tax year.

Delaware 52

Delaware Tax income tax Iowa 52

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible. What is a sales tax audit?

audit 105

audit Sales Tax auditor 105

ThomsonReuters

DECEMBER 20, 2021

Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. From tax software geared toward small firms to curated news and insights for firm owners, the barriers to starting your own CPA firm have never been lower.

accounting firms 52

accounting firms Account accountant accounted 52

ThomsonReuters

JUNE 28, 2022

Corporate tax teams that want to invest in an automated indirect tax solution can’t simply declare to decision-makers that efficiencies, cost savings, and a host of other benefits will magically start boosting the bottom line once the software is activated. what the return on technology investment (ROI) is going to be.

Tax 90

Tax Technology corporation tax auditor 90

ThomsonReuters

APRIL 25, 2024

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years.

Tax 52

Tax Account accountant accounted 52

Mark Lee

AUGUST 8, 2023

It’s another day, and I’ve seen another poorly thought through piece of advice for accountants to identify their USP. I have long disagreed with this generic idea of trying to identify your Unique Selling Point (USP) or your Unique Sales Proposition (USP). Forget the nonsense idea that all accountants are the same.

tax return 52

tax return Tax Account accountant 52

ThomsonReuters

FEBRUARY 8, 2022

1) Communicate clearly to win new tax clients. When you seek to win new tax clients, it’s best to start at the beginning. 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 Entertainment payroll bookkeeping 105

Mark Lee

FEBRUARY 13, 2024

Accountants, bookkeepers and tax advisers study for years to qualify in their chosen profession. And, if you’re like most decent professionals you then commit time and effort to keeping up to date by committing to, at least a minimum level of, Continuing Professional Development (CPD). No formal training is necessary.

Account 52

Account accountant accounted Non-Profits 52

Ronika Khanna CPA,CA

APRIL 14, 2022

Being a small business owner comes with challenges, not the least of which is doing your taxes. While most Canadian taxpayers have relatively simple tax returns that can easily be completed using software, small business owners have the additional burden of reporting details relating to their businesses.

Tax 52

Tax tax return business tax accounting and finance 52

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Let’s start from the beginning. .

audit 59

audit auditor Account accountant 59

Snyder

DECEMBER 27, 2022

Freelance accounting is increasing in popularity. Even if online accounting is something you’ve done for years, becoming a freelancer may seem tricky to begin with. Even if online accounting is something you’ve done for years, becoming a freelancer may seem tricky to begin with. And here’s how you can prepare yourself.

Account 98

Account accountant accounted accounting and finance 98