ThomsonReuters

MARCH 26, 2021

Now that tax season is in full swing for many practitioners, you may find yourself questioning if this is the right time to break off and explore starting your own CPA firm. Together, we discuss career paths and the best advice for those looking to rise to individual success within the tax and accounting profession.

cpa firm 98

cpa firm CPA Non-Profits Start-ups 98

Going Concern

MAY 23, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!

Real Estate 57

Real Estate Account accountant accounted 57

TaxConnex

APRIL 25, 2024

Clearly, internal resources are key to many companies meeting sales tax obligations. Tupperware recently admitted that it lacked enough accountants to get its annual report out on time. Fewer students are gravitating toward accounting even as educational requirements have intensified.

Sales 200

Sales Tax accounting and finance auditor 200

AdviceForTaxpreparers

SEPTEMBER 8, 2020

Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time. by Bill Meador, CPA, JD. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. I like Bill Meador’s new tax preparer book (assuming you did – heh).

tax preparation 246

tax preparation Tax cpa firm CPA 246

CPA Practice

MARCH 1, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor with your hosts, Randy Johnston, and Brian Tankersley. Randy Johnston 00:10 Welcome to the accounting Technology Lab. And we have an interesting portal product to discuss with you today from Stanford tax.

Technology 111

Technology Tax Account accountant 111

TaxConnex

APRIL 20, 2021

And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. The fact is, when it comes to many companies’ federal and state income tax returns, they don’t rely on an automated income tax return. Why should sales tax be any different?

Sales 139

Sales Tax tax return income tax 139

CPA Practice

JUNE 26, 2023

on July 1, after the sixth largest accounting firm in the nation by revenue officially changes from its current partnership structure to a professional services corporation based in Delaware. Even though partnerships aren’t taxed, they must file a tax return each year unless the partnership has no income or expenses.

income tax 72

income tax tax return Delaware cpa firm 72

Basis 365

MARCH 30, 2023

ARE ALL ACCOUNTING SERVICES THE SAME? COMPARING DIFFERENT ACCOUNTING PARTNERS CAN BE LIKE COMPARING APPLES AND ORANGES. ACCOUNTING SERVICES (OR OFFERINGS) ARE NOT ALL THE SAME. BREAKING DOWN THE DIFFERENT ACCOUNTING PARTNERS YOU MAY BE CONSIDERING AND WHICH ONE IS RIGHT FOR YOU. DON’T OVER- OR UNDER-HIRE.

accrual accounting 52

accrual accounting Account accountant accounted 52

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

Going Concern

AUGUST 28, 2023

Accounting firms across the pond are ditching Zoom interviews, writes Sunday Times : Zoom calls became the norm for business meetings during the pandemic — but accountancy firms, among the biggest graduate recruiters, are going back to face-to-face interviews when hiring, saying it is easier to assess candidates’ characters. “The

accounting firms 52

accounting firms CPA Account accountant 52

ThomsonReuters

JUNE 15, 2021

Starting your own CPA firm may seem like a distant fantasy, but with barriers to entry lower than they’ve ever been, it could be closer than you think. Most small CPA firm owners have years of experience working for larger firms and find themselves wanting to utilize that experience to serve clients in their own way.

cpa firm 98

cpa firm tax return CPA Non-Profits 98

Going Concern

FEBRUARY 9, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown.

Technology 101

Technology Colorado audit cpa firm 101

CTP

NOVEMBER 16, 2023

The accounting landscape is changing rapidly. CPAs and EAs are rethinking their strategies for practice management while moving from compliance to advisory services. As firms look to provide more value to clients, many have introduced Client Advisory Services (CAS). But tax planning is fun!

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TaxConnex

NOVEMBER 10, 2022

I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms. I then went to the BellSouth Corporation tax department and had various roles.

income tax 130

income tax tax return Tax Sales 130

RogerRossmeisl

DECEMBER 12, 2020

In a more typical year, crooks use stolen business identities to file fraudulent tax returns, apply for credit and empty bank accounts. You can thank the pandemic — and the government’s release of relief and recovery funds to qualified U.S. businesses — for this remarkable number. Is your business vulnerable?

tax return 239

tax return CPA Tax Account 239

CPA Practice

SEPTEMBER 18, 2023

Sidney Kess, a nationally renowned tax lawyer and accountant, author of hundreds of tax books on financial and estate planning, educator, and a friend to many in the profession, passed away on Sunday at the age of 97. He also had been a senior consultant to top 25 accounting firm Citrin Cooperman.

Tax 111

Tax cpas New York CPA 111

Withum

JANUARY 24, 2023

Determine Who Will Be Responsible Prior to preparing for your audit or even engaging a CPA firm for that matter, a company should first designate who will be overseeing the audit process. Delays in providing account schedules, requesting underlying support, or answering auditor inquiries will lead to delays in the audit timeline.

audit 69

audit auditor general ledger cpa firm 69

AdviceForTaxpreparers

AUGUST 12, 2014

Accountants by the nature of our profession want to follow rules. Therefore, we like it when we have guidelines such as an employee handbook that tell us how to respond in an accounting firm to a particular situation.

tax return 138

tax return Account accountant accounted 138

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. To learn more, let’s take a look at three ways accounting firms can use AI as a competitive advantage.

Tax 97

Tax Technology accounting firms income tax 97

Ryan Lazanis

JULY 13, 2022

In today’s post, I’m going to show you the very best accounting security tips (23 of them to be precise!) to keep your accounting firm safe and secure. Importance of why you must have accounting security for the safety of your business. Why is Accounting Security Important? Key Takeaways.

Account 98

Account accountant accounted accounting firms 98

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

RitaKeller

JANUARY 19, 2022

If you are leading a CPA firm or an employee of a CPA firm. One of the biggest challenges is the fact that so many CPA firms ask their people to basically put life on hold for three and one-half months each year. This also applies during September and October now because of so many extended tax returns.

cpa firm 45

cpa firm tax return CPA Tax 45

Going Concern

OCTOBER 20, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Early-career hires are set to account for the majority of job losses in some teams, as Deloitte retrenches following a slowdown in demand. Welsh said.

CPA 109

CPA quickbooks Real Estate auditor 109

ThomsonReuters

AUGUST 2, 2022

Even as accounting firms emerge from the COVID-19 pandemic with a new appreciation for technology’s ability to enable remote work and seamless collaboration, a new challenge has surfaced. Increasing productivity with tax technology. There is no question that manual processes bog down productivity. Detect inaccuracies.

Technology 98

Technology Tax Non-Profits tax preparation 98

CPA Practice

JUNE 8, 2023

The accounting profession has been facing a staffing crunch brought on by fewer college graduates entering the profession and experienced tax practitioners transitioning to different careers in accounting. However, there’s a challenge when it comes to expanding your firm’s existing staff. By Richard Lavina.

Technology 98

Technology Tax cpas cpa firm 98

Nancy McClelland, LLC

JANUARY 30, 2024

To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. Ths allows me to continue to provide free accounting resources to small businesses who do not have the funds available to hire a CPA. Enter Congress.

Tax 52

Tax tax return Illinois tax preparation 52

ThomsonReuters

JUNE 15, 2022

Tax rules are revised constantly , and changes aren’t always easy to interpret. Now more than ever, your tax and accounting staff require a robust system or framework that leverages technology so that they can keep up with regulatory developments in a timely manner. When do tax law changes take effect?

Tax 98

Tax Technology audit tax preparation 98

Going Concern

SEPTEMBER 29, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M.

auditor 109

auditor audit New York CPA 109

CPA Practice

JUNE 10, 2023

While primarily targeted at companies maintaining more than 5,000 client records (think tax returns), certain safeguard components are required for firms with less than 5,000 records, such as the use of multi-factor authentication, encryption of data, and secure disposal of Information.

Education 111

Education CPA cpa firm tax return 111

RitaKeller

JULY 18, 2022

Also, some questions for firm owners. CPA firms have survived during the last couple of years by being able to utilize remote workers. Their talented accountants worked from home, and to the surprise of many partners, it worked well. Firms have had a couple of years of significantly increased profits.

Idaho 40

Idaho cpa firm tax return New York 40

Nancy McClelland, LLC

APRIL 5, 2024

to include loads of information that most CPA firms are simply not going to have access to — not only current tax-year payroll information, but prior-year data on a per-employee basis; as well as information on how many employees qualified to participate (whether or not they actually participated), again both in 2022 and in 2023.

tax preparation 52

tax preparation Tax bookkeeping payroll 52

CPA Practice

JUNE 14, 2023

While primarily targeted at companies maintaining more than 5,000 client records (think tax returns), certain safeguard components are required for firms with less than 5,000 records, such as the use of multi-factor authentication, encryption of data, and secure disposal of Information.

Education 75

Education CPA cpa firm tax return 75

CPA Practice

OCTOBER 20, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Among the warning signs, businesses should be wary of vendors that require large, contingency fees and those who fail to sign the amended payroll tax returns. 1705, the STEM Education in Accounting Act.

cpas 52

cpas CPA Education audit 52

CPA Practice

OCTOBER 19, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Among the warning signs, businesses should be wary of vendors that require large, contingency fees and those who fail to sign the amended payroll tax returns. 1705, the STEM Education in Accounting Act.

cpas 52

cpas CPA Education audit 52

ThomsonReuters

APRIL 23, 2021

In 2020, tax and accounting professionals found themselves amid a major disruption in their daily firm life. Now, after navigating through turmoil and confusion, we find ourselves still adjusting to becoming a fully functional remote CPA. Firm leaders are now being forced to define their next version of firm culture.

CPA 105

CPA cpa firm Tax tax return 105

CPA Practice

JULY 27, 2023

What is important is considering your firm, your team, and your clients and their needs and how AI is a tool that can be used for the good of all involved. How can AI make you a more effective and efficient accountant? What’s a strategy to get that job done?

Technology 98

Technology audit Education accounting and finance 98

Basis 365

APRIL 28, 2022

The tax side, which is closer to the accounting side, relates to selecting the appropriate business type that minimizes unintended tax liabilities. We have worked with a tax professional to outline some key considerations for what entity type you should be looking into. Sole Proprietorships 13.1%

income tax 52

income tax tax return tax planning Legal 52