CPA Practice

FEBRUARY 2, 2024

It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. Those days are over. or “I can do your books cheaper/faster/better.”

Account 119

Account accountant accounted tax return 119

TaxConnex

FEBRUARY 27, 2024

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant. There were about 1.65 in 2022, up 1.3%

Sales 219

Sales Tax Account accountant 219

PYMNTS

DECEMBER 11, 2017

Accounting software that boosts automation isn’t taking jobs away from human accountants. But it is altering the profession, with more small businesses seeking advisory services from their accountants and bookkeepers. Accountants are starting to pay attention to upcoming disruption too. 61 percent of U.S.

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Account accountant accounted bookkeeping 42

Accounting Today

JANUARY 2, 2024

When asked what advice they had for accountants in 2024, there is one thing that company after company suggested: learn AI.

Account 131

Account accountant accounted accounting software 131

AdviceForTaxpreparers

SEPTEMBER 8, 2020

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Now I understand the first reaction of many accountants to the concept of selling anything. by Bill Meador, CPA, JD. That’s fine.

tax preparation 246

tax preparation Tax cpa firm CPA 246

Accounting Today

DECEMBER 20, 2023

Accounting's influencers offer their advice for solving the profession's most critical issue.

Account 133

Account accountant accounted 133

AccountingDepartment

MARCH 28, 2024

This is where client accounting services come into play. In this blog post, we will explore how client accounting services (CAS) streamline financial processes for businesses, highlighting the benefits of outsourcing accounting functions to improve efficiency and reduce administrative burdens.

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Account accountant accounted NetSuite 87

Mark Lee

APRIL 9, 2024

There is a direct parallel with the role of accountants. The key question is how will accountants respond to the changes that are rapidly becoming reality? Well, like accountants, the medical profession do not have to secure full marks to secure their qualifications. How does this relate to accountants? Head in the sand?

Account 104

Account accountant accounted tax return 104

Accounting Insight

MAY 1, 2024

And accounting software is no exception. Before delving into the potential impact of AI in accounting, it’s essential to understand the role AI plays in modern accounting practices. In modern accounting, AI is being used to automate several tasks, including data entry, invoice processing and financial statement analysis.

Account 59

Account accountant accounted bookkeeping 59

CPA Practice

FEBRUARY 5, 2024

It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. Those days are over. or “I can do your books cheaper/faster/better.”

Account 52

Account accountant accounted tax return 52

Canopy Accounting

SEPTEMBER 8, 2023

It’s October, the spookiest time of the year.especially for accountants, considering Oct. We already gave you advice on some fun accounting-themed Halloween costumes , but now it’s time to share our wisdom about another important October activity.pumpkin carving! 15 is a pretty scary day.

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Account accountant accounted 105

CPA Practice

MARCH 29, 2023

The Internal Revenue Service warns that trusting tax advice found on social media can lure otherwise honest taxpayers and tax professionals into compromising tax situations. But people should be incredibly wary about following advice being shared on social media,” said IRS Commissioner Danny Werfel.

Tax 137

Tax tax return payroll Legal 137

ThomsonReuters

APRIL 30, 2024

Jump to: The role of emotional intelligence (EQ) in client relationships The evolution of client service in accounting firms Leveraging technology for enhanced client service Forward-looking accountants are increasingly realizing the importance of harmonizing technical tax expertise with interpersonal relationship skills.

Technology 52

Technology accounting firms financial statements Tax 52

Ryan Lazanis

MARCH 27, 2024

Explore common client frustrations with accounting firms and learn how to avoid them. Get actionable advice in this episode. The post 6 Things Your Clients Hate About Your Accounting Firm appeared first on Future Firm.

accounting firms 52

accounting firms Account accountant accounted 52

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

Accounting Insight

APRIL 30, 2024

With more exhibitors, speakers and feature areas than ever before, accounting, finance, and bookkeeping professionals from around the world are expected to attend the free annual event. Attendees will have access to 300+ fintech and service suppliers offering software demos. You can register for your free ticket here.

bookkeeping 52

bookkeeping accounting and finance Education Tax 52

Accounting Insight

APRIL 11, 2024

Through this strategic acquisition, Employment Hero, who were the first technology company to offer automated payroll in the UK, will provide a service that streamlines the entire payroll process, meaning accountants and bookkeepers are able to spend less time running payroll and more time providing analysis and advice to their clients.

Technology 59

Technology payroll bookkeeping Account 59

Mark Lee

APRIL 23, 2024

Over the years I have seen and heard much advice on the subject of client service for accountants. You are the expert so you should know what additional information you need to obtain before you can give valuable advice. Avoid jargon Remember that clients don’t generally use the same acronyms and abbreviations as accountants.

Account 52

Account accountant accounted tax return 52

Mark Lee

NOVEMBER 21, 2023

One of the strangest things I hear about from accountants are how many clients they have who R eject, A void and S hun H elp. Now though increasing numbers of accountants are identifying RASH clients. Maybe they pay the highest fees, are a pleasure to deal with, value your advice and want more than basic compliance services.

Account 94

Account accountant accounted Tax 94

Accounting Insight

DECEMBER 4, 2023

Lydia founded BookSmart Accounting at the start of 2021 and has grown the business to a team of five with 200+ SME clients. Before starting her own company Lydia had worked in accountancy practice and finance roles in industry for over 15 years. What advice would you give to someone starting out in the profession?

accounting and finance 105

accounting and finance Finance Start-ups Account 105

Accounting Insight

NOVEMBER 13, 2023

This is particularly true of accountancy professionals, who have been freed up to work smarter and get more done with their newfound time, instead of spending hours completing manual tasks. To understand how to make the most of AI in accounting , it’s best to go back to basics.

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Account accountant accounted Technology 69

inDinero Accounting

SEPTEMBER 4, 2023

Leveraging accounting insights can provide a clear picture of your business’s financial health, helping you make informed decisions and pivot your strategies timely. Tip: Consider partnering with firms that can cover services like accounting and tax. You should consult appropriate professionals for advice on your specific situation.

Technology 91

Technology Legal Tax Start-ups 91

Withum

APRIL 4, 2024

Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Withum Wealth Management. The post Retirement Plan Design for Physicians: Going Beyond the 401(k) appeared first on Withum.

Non-Profits 78

Non-Profits Tax public accounting Legal 78

ThomsonReuters

SEPTEMBER 25, 2023

According to the new report, “Future of Professionals”, 59% of tax and accounting professionals working at firms cited productivity as their top priority, and 55% selected internal efficiency as one of their top priorities. This expectation can be met by automating and improving various aspects of communication and service delivery.

Tax 104

Tax Account accountant accounted 104

Anders CPA

OCTOBER 2, 2023

Louis Small Business Monthly’s Best Accountants list. The 2023 Small Business Monthly Best Accountants list features 27 local accountants voted the best in St. Dan provides savvy advice on operational efficiencies and cash flow analysis to a growing number of restaurants, food and beverage companies and craft brewery owners.

Tax 111

Tax Account accountant accounted 111

ThomsonReuters

APRIL 28, 2022

QUESTION: Our company has always shied away from providing advice to participants regarding their personal retirement planning. There are no regulations regarding the exclusion and no further statutory guidance regarding what constitutes “retirement planning advice or information,” so the precise scope of the exclusion is not clear.

tax preparation 105

tax preparation Education income tax Legal 105

CPA Practice

NOVEMBER 6, 2023

At Mazars, she specializes in accounting and auditing for transportation and logistics. Their energy and drive for the accounting profession is something we support and want to highlight at the NJCPA,” said Aiysha (AJ) Johnson, MA, IOM, CEO and executive director at the NJCPA. We could not be prouder of these two emerging leaders.

CPA 113

CPA cpas Idaho Michigan 113

Mark Lee

APRIL 2, 2024

I have been asking accountants if they have minimum fees for years. This grew out of the annual fee comparison masterclass I used to run in the group that preceded the Sole Practice Club for Accountants. These accountants didn’t always have a minimum fee in mind for such work. I remember the lowest figure I heard.

tax return 52

tax return Account accountant accounted 52

Mark Lee

JANUARY 9, 2024

Three examples help demonstrate why this is important: 1 – Low-fee clients Many accountants tell me that they have too many clients who only want to pay low fees. The leads we seek are from those people and accountants who want tax advice worth paying for. Those aren’t the leads that tax advisers want from the Network.

Start-ups 93

Start-ups Tax Gaming Account 93

Mark Lee

MARCH 26, 2024

What is the real reason you are in practice as an accountant? What is the first thing that comes to mind as to your motivation to be in practice as an accountant? build an accounting empire? Or maybe it’s simply that you trained to be an accountant and you enjoy what you do – most days. making a profit?

bookkeeping 52

bookkeeping accounting and finance tax return Account 52

CPA Practice

APRIL 10, 2024

Advice for the Class of 2024 Robert Half offers the following tips for professionals new to the workforce: Know your worth. In a recent Robert Half survey, 65% of companies said they plan to hire entry-level professionals, generally defined as individuals with 0-2 years of experience, in early 2024.

auditor 98

auditor accounting and finance Legal Finance 98

ThomsonReuters

MAY 15, 2023

The use of artificial intelligence (AI) has already had a tremendous impact in many industries, and the tax and accounting sector is no exception. The current state of AI in tax and accounting The use of AI in the tax and accounting profession is rapidly becoming more popular. How can AI improve advisory services?

Tax 98

Tax cpas Account accountant 98

Going Concern

OCTOBER 23, 2023

PricewaterhouseCoopers LLP has teamed up with ChatGPT owner OpenAI to offer clients advice generated by artificial intelligence as the Big Four audit firms look to cut costs and boost productivity. The post What Do We Think About PwC Putting AI to Work Offering Clients Advice? Officially. appeared first on Going Concern.

Technology 120

Technology Legal New York audit 120

inDinero Accounting

MAY 1, 2024

No matter how big or small your business is, whether you do your own bookkeeping or you have an entire accounting team, there are three financial reports that all entrepreneurs must know like the back of their hands. Compliance : Consistent financial reporting must comply with accounting standards, regulations, and laws.

Non-Profits 105

Non-Profits accounting and finance accrual accounting Account 105

ThomsonReuters

DECEMBER 28, 2023

But fear not, we’re here to lighten the mood and bring you the top three webcasts that made navigating the twists and turns of the tax and accounting industry a little less taxing (pun intended). So, let’s dive in and discover the webcasts that have made a significant impact in 2023.

Tax 59

Tax Account accountant accounted 59