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The Power of Relational Accounting: Beyond Data-Driven Client Advisory Services

CPA Practice

The Value of Relational Accounting in a Competitive Landscape As artificial intelligence (AI) and machine learning continue to advance, the computational capabilities of accounting firms become less of a differentiating factor. When all accounting firms have access to similar computational power, what sets your practice apart?

Account 52
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What to Look for in an Accountant

MazumaBusinessAccounting

Experienced accountants use the financial data to prepare your business taxes, a task most business owners would be happy to get off their plate. Aside from rote bookkeeping and tax filing, the most significant value-add from a small business accountant is financial analysis and teaching basic accounting concepts.

Account 52
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article thumbnail

What to Look for in an Accountant

MazumaBusinessAccounting

Experienced accountants use the financial data to prepare your business taxes, a task most business owners would be happy to get off their plate. Aside from rote bookkeeping and tax filing, the most significant value-add from a small business accountant is financial analysis and teaching basic accounting concepts.

Account 52
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FASB Took It Easy in 2022

Going Concern

In 2022, FASB sought public comment nine times , two of those exposure drafts are reaching comment deadline this month: Proposed Accounting Standards Update—Leases (Topic 842): Common Control Arrangements and Proposed Statement of Financial Accounting Concepts No. So hurry up and get those comments in or forever hold your peace.