SMBAccountant

DECEMBER 21, 2022

Bookkeeping and accounting are often used interchangeably when describing a process of recording financial transactions for a business, but they are not the same functions. Accountants also support management in the implementation and monitoring of internal controls. Tax accountants specialize in IRS law and completion of tax returns.

bookkeeping 130

bookkeeping managerial accounting Account accountant 130

CPA Practice

OCTOBER 17, 2023

Here’s what you need to know: If the individual works for an employer, the Social Security tax is withheld from the paycheck and gets reported by their employer through payroll taxes. It is important to note that if the individual is receiving a W-2, the individual and their employer each share the tax burden of 6.2%.

Tax 116

Tax Account accountant accounted 116

CPA Practice

APRIL 25, 2023

Academics from 187 universities wanted to know how an AI chatbot would do on accounting exams. He ended up getting a staggering 327 co-authors from 186 educational institutions in 14 countries participating in the research, contributing 25,181 classroom accounting exam questions. and 39.1%).

managerial accounting 127

managerial accounting Account accountant accounted 127

CPA Practice

DECEMBER 13, 2023

Tax season can be exhilarating for its intensity but stressful if your firm has all its balls in one court. Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. By Alex Loewenstein.

Tax 106

Tax tax preparation managerial accounting bookkeeping 106

Ryan Lazanis

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide.

Technology 98

Technology Account accountant accounted 98

Going Concern

APRIL 24, 2023

As aspiring lawyers everywhere learned with horror that GPT-4 is capable of passing the bar exam (in the 90th percentile of test-takers, no less) a whole bunch of academics were not-so-quietly putting GPT-3 to the test on accounting. We also discuss implications for accounting education and research. TL;DR Not great, Bob.

Account 111

Account accountant accounted Education 111

CPA Practice

AUGUST 11, 2023

Most small businesses lack the capacity for a financial planning and analysis (FP&A) function, but that doesn’t mean they can’t build analytical and strategic value from their accounting resources. Often, an accountant or controller dedicates a portion of their time to budgeting and modeling – at best.

Account 52

Account accountant accounted managerial accounting 52