Going Concern

MARCH 16, 2023

Accounting Today has published “ The 20 biggest problems for firms in 2023 ” and no one will be surprised to find out that the war for talent ranks #1 among the firms AT surveyed. ” Raising salaries to levels that would put accounting back in the game as an attractive major to students is indubitably a hardship for firms.

accounting firms 121

accounting firms Technology Account accountant 121

CPA Practice

JANUARY 31, 2024

By Lee Reams II The tax and accounting profession is undergoing a significant transformation as a wave of boomer partners leaving their posts ushers in the largest retirement exodus of our lifetime. The dual challenges of a talent shortage and increased demand have changed tax and accounting professionals’ roles entirely.

Tax 49

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CPA Practice

NOVEMBER 15, 2023

Ignition , a platform for professional services to get paid faster and run smarter, has expanded its strategic partnership with Intuit by integrating with ProConnect Tax , a cloud-based tax software.

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SchoolofBookkeeping

FEBRUARY 24, 2024

The suite of intuitive tools allows users to manage their books all in one place, connect seamlessly to bank accounts, and enjoy a hassle-free setup process. The product comes equipped with tools that track and categorize business trips, ensuring that solopreneurs are tax-ready year-round.

quickbooks 52

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CPA Practice

NOVEMBER 7, 2023

As part of today’s launch, Black Ore also announced its flagship product, Tax Autopilot , which combines its proprietary AI technology with federal and state tax codes and regulations to simplify the tax preparation and review process for Certified Public Accountants (CPAs) and accounting firms.

Technology 59

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CPA Practice

AUGUST 29, 2023

Here are the rules and expectations: Candidates should be working in the accounting field, or supporting the field (public, private, tax preparation, consulting, academia, government) and have not turned 40 as of September 1, 2023. Nominations for the 2023 Awards are now open. Click here to go to the free nomination form.

CPA 59

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CPA Practice

NOVEMBER 19, 2023

Ignition , a platform for professional services to get paid faster and run smarter, has expanded its strategic partnership with Intuit by integrating with ProConnect Tax , a cloud-based tax software.

quickbooks 52

quickbooks tax preparation Tax tax planning 52

ThomsonReuters

JANUARY 29, 2024

Today’s accounting firm leaders are constantly grappling with two pivotal challenges: attracting top-tier talent and holding on to the people they have. Enhancing recruitment Showcasing a firm’s commitment to cutting-edge technology like tax automation can be a game-changer in recruitment.

Technology 52

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ThomsonReuters

JULY 25, 2023

For today’s accounting firms, advanced technology is no longer an option but a necessity. To keep pace in an increasingly competitive landscape, forward-looking firms are investing in artificial intelligence (AI) solutions to automate tax workflow, open up additional revenue streams, and better serve clients.

Technology 98

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ThomsonReuters

JUNE 8, 2023

Consider technology to improve your tax process Technology can be a powerful asset to any tax practice, particularly when utilizing automation tools such as UltraTax CS or SurePrep to reduce manual data entry and streamline processes. Download it now and start preparing your firm for future success! Start your free trial today!

Tax 52

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ThomsonReuters

APRIL 4, 2022

At the end of the day, all tax preparation software will give you the same result: a completed client tax return on an IRS-approved form. The game-changer is in the journey — how you get to that final output and what are the efficiencies gained along the way. Interested in starting the journey to better tax software?

Tax 98

Tax Technology tax preparation tax return 98

CPA Practice

JULY 28, 2023

Here are the rules and expectations: Candidates should be working in the accounting field, or supporting the field (public, private, tax preparation, consulting, academia, government) and have not turned 40 as of September 1, 2023. Nominations for the 2023 Awards are now open. Click here to go to the free nomination form.

CPA 52

CPA tax preparation Education public accounting 52

xendoo

AUGUST 2, 2023

When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. Why not rely on an online accounting service to take these tasks off your plate so you can focus on your business? In addition, virtual accounting services can help you to manage your inventory.

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xendoo

AUGUST 2, 2021

When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. Why not rely on an online accounting service to take these tasks off your plate so you can focus on your business? . Forensic accounting. Managerial accounting. Tax preparation.

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Ryan Lazanis

SEPTEMBER 27, 2023

Offshoring: Here you are moving business processes and your in-house accounting team to another country, typically one with a lower labor cost structure. What makes offshoring unique is that you essentially maintain full control over the financial data processing, which might be interesting if you’re providing client accounting services.

bookkeeping 98

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PYMNTS

SEPTEMBER 17, 2020

With digitization initiatives now fully underway at many organizations, the name of the game, for many firms, is to nix paper. That's particularly true for finance teams like accounts payable , accounting or payroll. Physical documents introduce a trove of friction points for the enterprise.

Technology 63

Technology accounts payable accounting and finance Finance 63

SkagitCountyTaxServices

MARCH 22, 2023

You may have already heard me talk about this … but the explosion of shady flim-flammers gaming the Employee Retention Credit and making questionable claims on behalf of business owners is raising all kinds of red flags at the IRS. That’s the best way to hold every member (including you) accountable for sending referrals to each other.

accounting and finance 52

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Xero

OCTOBER 4, 2022

We take pride in knowing that our communities in the US have large Hispanic and Spanish speaking populations, and we strive to change the game for Hispanic small business owners. JPG provides accounting and finance services for small businesses across the United States. Gustavo Suarez, Founder and CEO of JPG.

accounting and finance 96

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LyfeAccounting

JUNE 9, 2021

You find yourself stuck staring at your Robinhood account with two choices: you can sell now to make the pain stop, or. The IRS doesn’t really approve of people trying to game the system and would like investors to bear some risk for their trades. you can hold knowing the future is uncertain. Talk to us today!

Tax 59

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CPA Practice

APRIL 3, 2023

tax deadline means lots of things to lots of people. For the accounting industry, it can mean a frenetic pace over many months, perhaps with long commutes to clients and plenty of stress. Accountants can come to those conversations armed with client specifics and conversation notes, so they can pick up where they left off.

Tax 52

Tax financial statements Gaming Account 52

inDinero Tax Tips

NOVEMBER 15, 2021

The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation. Our CPAs Answer Your Top 5 Burning Tax Questions.

Tax 52

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SkagitCountyTaxServices

AUGUST 26, 2021

Per the Treasury , the bill will target tax increases on big corporations (raising the corporate income tax — i.e. C-corps — to 28%, among other moves) while protecting the majority of small businesses (around 97%). First off (and most importantly), plan ahead. Well, no more.

business tax 68

business tax Tax Entertainment Real Estate 68

Steve Feinberg

SEPTEMBER 2, 2021

Your home office must also be used exclusively for work, and a space that doubles as an office as well as a den, game room, bedroom, etc. will not be considered a home office for tax reasons. Who Can Claim the Home Office Tax Deduction? The two ways to account for this are the actual expense method and the simplified method.

Tax 52

Tax bookkeeping services Legal tax preparation 52

LyfeAccounting

JUNE 7, 2021

Tip #5: Max Out Your Retirement Accounts. Whether you are self-employed or not, putting your money into a retirement account like a Roth IRA or 401Ks shields your money against taxes. When you buy art, it can be a tax write-off. That’s just the opening move in a game of chess. But that’s not where it stops right.

Legal 59

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Going Concern

MARCH 24, 2023

Up until now, Tax Heaven 3000 creators MSCHF have been known for sneaker drops more than sketchy tax prep games (is anyone known for sketchy tax prep games?). love and taxes forever my heart- “Suitable for singles without dependents” LOL The game’s itch.io

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Tax tax return Gaming income tax 120

CTP

FEBRUARY 20, 2024

It’s a widespread belief, but it barely scratches the surface of what tax planning can do. Let’s dive deeper than the usual retirement account advice and explore the broader impact of tax planning on every aspect of financial life. In this article, we’re going to debunk that myth together.

tax planning 98

tax planning Tax Real Estate Education 98

Going Concern

JANUARY 26, 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. Indeed, trust is not built on mitigating risks alone. million from the federal government.

Account 117

Account accountant accounted audit 117

CPA Practice

NOVEMBER 9, 2023

Thomson Reuters, a global content and technology company, has added several updates to its suite of tax, accounting and audit products, it announced at its annual customer event, SYNERGY. Automating tax and audit workflows “Tax industry professionals struggle with the increased pace of regulatory change and hiring challenges.

Technology 52

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Accounting Insight

FEBRUARY 1, 2024

Such a business tax enquiry is not to be confused a regular compliance check into personal tax returns or simpler corporation tax returns, which typically focus on a single tax year or accounting period, and sometimes just a handful of aspects. This is what sets apart an HMRC business enquiry.

corporation tax 52

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SkagitCountyTaxServices

NOVEMBER 18, 2020

Which is why it would be very wise for you to get “ahead of the game” if you are one of these Skagit County organizations. Ensure employee reimbursement requests are made timely, preferably before year-end, to help with accounting. Review and update your policies. Review your policies and make sure they are up to date.

Non-Profits 53

Non-Profits CPA tax preparation Tax 53

LyfeAccounting

DECEMBER 30, 2020

So by the end of this post, I expect you will know more about the tax system and what you can do to start paying less taxes. And we always advise that you speak to your accountant or lawyer for specific recommendations for you. Know the game and increase your chances of dominating the game. Contact us today!

Real Estate 52

Real Estate Tax income tax Gaming 52

SkagitCountyTaxServices

OCTOBER 21, 2020

*If* you believe that Biden will be increasing taxes on Skagit County business owners, one strategy could be to accelerate income into 2020 or 2021 so it can be taxed at the lower rates. In this way, you could accelerate income to be taxed at today’s lower rates.

Tax 81

Tax CPA tax preparation tax return 81

CPA Practice

NOVEMBER 29, 2023

Think of the embarrassment if a tax return or set of financials you fed to a model was shared without your client’s permission and without appropriate anonymization. For many accounting tasks, AI uses machine learning to enable predictive models. Black Ore’s Tax Autopilot automates the entire 1040 tax preparation process end-to-end.

Tax 119

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