CPA Practice

OCTOBER 23, 2023

Accounting firms know that offering only tax preparation services makes maintaining consistent cash flow and workloads throughout the year challenging. Adding financial services to your accounting firm can help bridge the gap and allow you to have a consistent workload year-round. billion in assets.

accounting firms 105

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ThomsonReuters

OCTOBER 31, 2023

Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception.

accounting jobs 52

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Nancy McClelland, LLC

DECEMBER 1, 2023

Insightful Accountant is hosting their last Future Forward virtual conference of the year on December 5-6, and I’m delighted to be presenting an exciting topic that resonates with the theme of Niches, Trends, and Predictions for 2024. Let’s talk about co-firming as one of the accounting trends of 2024.

bookkeeping 52

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Nancy McClelland, LLC

DECEMBER 1, 2023

Insightful Accountant is hosting their last Future Forward virtual conference of the year on December 5-6, and I’m delighted to be presenting an exciting topic that resonates with the theme of Niches, Trends, and Predictions for 2024. Let’s talk about co-firming as one of the accounting trends of 2024.

bookkeeping 52

bookkeeping quickbooks Technology Tax 52

CPA Practice

FEBRUARY 8, 2024

The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns. Please provide a copy of your EFIN Account Summary from IRS e-Services, with a status of ‘Completed’, to Software B for verification.

Hawaii 124

Hawaii Alaska Arizona Tax 124

Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. So let’s begin our journey to the land of accountancy! Accountants, bookkeepers, and CPA’s.

Account 52

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Xero

NOVEMBER 2, 2022

We know it’s not enough to just create really #beautiful accounting software – we also need to teach you to use it. You can also find guides on Getting your invoices paid faster , Staying on top of your cash flow , Reconcile bank accounts easily in Xero and Creating professional invoices with ease , with more topics to come. .

Education 99

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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. Is your firm among them? Let’s examine this further.

tax preparation 75

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ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. How to market tax and accounting services. People search online for products and services, including accounting services. A better approach is to build a reputation as an accounting expert. With more than 144.3 Establish your expertise.

accounting firms 98

accounting firms Account accountant accounted 98

Nancy McClelland, LLC

APRIL 16, 2023

To that end, when you do share something with your tax preparer, I beg you to phrase it in respectful language that recognizes they are experts in their field. Though keep in mind — there is no requirement that a tax preparer be a CPA, or even an EA. Out with the ego, in with the knowledge.

Tax 52

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Nancy McClelland, LLC

FEBRUARY 13, 2022

Check out this article — IRS to delay some K-2 and K-3 reporting requirements for partnerships | Accounting Today. The source is #15 in the IRS FAQ on the topic: This Journal of Accountancy article walks through the particular scenario where this relief — only for tax year 2021 — applies. Todd, EA, CPA.

tax preparation 52

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ThomsonReuters

APRIL 4, 2022

For starters, the rise of DIY tax software has fueled the commoditization of tax preparation. However, as technology becomes increasingly advanced more and more taxpayers are bound to turn to DIY online tax filing services that can walk them through the process for less money than your firm would charge. This is not new.

tax preparation 97

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ThomsonReuters

NOVEMBER 2, 2023

The answer lies in tax automation. Tax automation is using technology to streamline and optimize the tax preparation process, from gathering source documents to filing returns. How can firms stay competitive, deliver quality services, and achieve work-life balance amid these pressures?

Technology 52

Technology Tax tax preparation tax return 52

CPA Practice

JULY 27, 2023

How can AI make you a more effective and efficient accountant? Likewise, if you have an active CAS (Client Accounting Services) practice, consider what AI could do for you and your clients in this area. This can take a significant amount of time but is essential to stay updated on the latest accounting standards and practices.

Technology 98

Technology audit Education accounting and finance 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 82

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Nancy McClelland, LLC

MAY 6, 2024

Tax season is over. Take a deep breath – whether you’re a bookkeeper or tax preparer, you’ve endured plenty of stress these past months, and now you’re in the perfect space between vacation and conference season to look back and figure out how to make it go better next year. She’s now our Senior Accountant).

quickbooks 52

quickbooks bookkeeping Tax tax preparation 52

ThomsonReuters

APRIL 25, 2024

When it comes to navigating the tax landscape of 401(k) contributions and withdrawals, it’s important for accountants to stay informed and help clients make tax-efficient decisions during their retirement years. Jump to: Is a 401(k) pre-tax? With a traditional 401(k), contributions are made using pre-tax dollars.

Tax 52

Tax income tax tax preparation Account 52

ThomsonReuters

FEBRUARY 8, 2022

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. That’s the first step to winning new business.

Tax 105

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xendoo

APRIL 8, 2022

Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . Car expenses. Travel expenses.

business tax 97

business tax Tax Education tax preparation 97

xendoo

NOVEMBER 23, 2020

You can also deduct bank fees and charges on business accounts. These include: • Classes, seminars, webinars and workshops. This deduction covers any consultants you hire in connection with running your business, including attorneys, accountants, tax preparers and advertising agencies. Depreciation on Equipment.

Tax 52

Tax Real Estate Education Legal 52

LyfeAccounting

OCTOBER 21, 2020

Tax Deductible Categories. an accountant. Thankfully, these expenses (and the rest on this list) can be deducted from your revenue- tax free, which again could be saving up to $37 for every $100 dollars that you spend. But you get another tax deduction here. Professional services. You may need some: legal advice.

business tax 52

business tax Tax tax return Education 52

ThomsonReuters

AUGUST 24, 2021

Keep reading for 5 ways to calculate and communicate ROI in your business case for sales tax automation. Watch our free on-demand webinar, Building a business case for indirect tax automation. Avoid reporting errors and incorrect sales tax calculations. Checklist: Find the best indirect tax software for your business.

Technology 52

Technology Sales Tax audit 52

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. This can be through newsletters, webinars, or personalized emails.

tax planning 98

tax planning Tax Real Estate Education 98

ThomsonReuters

JUNE 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you know that differentiating yourself from the competition is always top of mind. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust.

tax return 93

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