Going Concern

JUNE 28, 2023

According to the recently released Thomson Reuters 2023 State of the Tax Professionals Report [ PDF ], talent is no longer firms’ most important priority. ” For firms with 30 or more people (Large firms in Figure 2 below), recruiting, developing, and retaining talent is still the highest priority.

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Going Concern

AUGUST 31, 2023

Tech Stack: QBO, QBD, UltraTax, etc.

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ThomsonReuters

JUNE 15, 2021

Starting your own CPA firm may seem like a distant fantasy, but with barriers to entry lower than they’ve ever been, it could be closer than you think. Most small CPA firm owners have years of experience working for larger firms and find themselves wanting to utilize that experience to serve clients in their own way.

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Ryan Lazanis

JANUARY 23, 2023

What Can a Virtual Assistant Do at Your Firm? How to Find Virtual Assistants for Your CPA Firm Now that we know what VAs can do and how they can help CPAs, it’s time to find a virtual assistant for your firm. On websites like Upwork, you can filter for experienced professionals or novice VAs.

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Going Concern

FEBRUARY 9, 2024

Three of the firms also joined industry efforts to designate accounting as a science, technology, engineering, and math—or STEM—field, according to federal lobbying disclosures. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown.

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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. The challenge for CPA firms is to create an environment and a career path that talented young people find appealing.

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Basis 365

MARCH 30, 2023

Basis 365 was created to deliver a unique, outsourced accounting experience to small businesses by providing a virtual accounting department using cloud-based accounting applications. CPA firm : CPAs are generally going to be the most expensive option. This blended approach is the best of both worlds.

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ThomsonReuters

AUGUST 2, 2022

Even as accounting firms emerge from the COVID-19 pandemic with a new appreciation for technology’s ability to enable remote work and seamless collaboration, a new challenge has surfaced. Increasing productivity with tax technology. How do you attract and retain talent with tax technology? Detect inaccuracies.

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Ryan Lazanis

SEPTEMBER 27, 2023

If you’re a CPA firm looking to outsource your bookkeeping, you’ll want to check out this post on the 7 different options for outsourced bookkeeping for CPAs. In this article, I’ll run through some of the more modern options that might make the most sense for your firm at the moment.

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CPA Practice

JUNE 8, 2023

With the time freed up due to automation, your firm can now use its increased bandwidth to grow to scale its client base while keeping its services the same or pivoting its services from traditional accounting to financial advising, allowing you to raise your prices and the quality of your services.

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Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. Tailoring your offer to your customers, marketing your firm, choosing the latest technology, or providing excellent customer care – it all becomes very important in this competitive market. Insightful Accountant.

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Going Concern

NOVEMBER 11, 2022

“It’s just a tough subject area, and you need a fifth year of college education to qualify to sit for the CPA exam. The Big Four accounting firms are even reaching out to high school students to share that message and creating more flexible work environments, Lansford says. Accounting Firm M&A.

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CPA Practice

JULY 27, 2023

As an example of the ChatGPT response to “What are the most time-consuming items in a CPA Firm,” ChatGPT suggested the following (completely unedited): Accounting or Certified Public Accountant (CPA) firms often have to manage numerous tasks, some of which can be quite time-consuming.

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Ryan Lazanis

JULY 21, 2022

How a future-ready firm can seamlessly share the engagement letter. Accounting Engagement Letter: What Is It? If you’re going for a high-quality client and you’re building a cloud-based accounting firm, a Word doc isn’t going to cut it. Sample sections and template letters. Let’s get started. Will it change over time?

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ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . Accounting and auditing software and guidance for accountants and CPA firms.

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AdviceForTaxpreparers

AUGUST 12, 2014

Accountants by the nature of our profession want to follow rules. Therefore, we like it when we have guidelines such as an employee handbook that tell us how to respond in an accounting firm to a particular situation.

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xendoo

OCTOBER 11, 2021

Like many other business owners, you might have considered using professional CPA services. Partnering with a certified public accountant is a great way to avoid tax woes and maximize the profitability of your business. With this in mind, we’ve outlined 5 questions to ask when looking for a CPA.

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ThomsonReuters

JUNE 15, 2023

You work to improve your tax and accounting firm — increase profitability, expand into new areas, and find a better work-life balance. Tax firms are feeling the pressure of changing tax regulations, along with clients who expect greater accuracy and faster responses in the digital age.

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CPA Practice

AUGUST 1, 2023

Cetrom , an IT provider of custom cloud hosting solutions for CPA firms, has rolled out a new universal API technology – Cetrom Connect – which enables secure and reliable communication between both local and cloud networks over the internet.

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Going Concern

JANUARY 26, 2024

News Pride Toronto repaying over $505K after federal grant controversy [ CBC ] Pride Toronto is repaying just over $505,000 in grant funding after an accounting firm found the organization could not prove that it completed several projects despite receiving $1.85 From the above CPA Journal piece tho… ! "[Remote

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Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. You pick the date that makes the most sense for you and your accounting firm.

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Ryan Lazanis

AUGUST 22, 2022

Get to know the top accounting practice management software and why it is essential for your business. Important categories to evaluate when choosing a workflow management software for your CPA firm. Helpful features that could benefit accounting firms’ productivity to make sure that tasks are delegated and completed on time.

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CPA Practice

AUGUST 16, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss client data security and the new FTC Safeguards Rule: IRS Pub 4557. So what do you think our tax preparer friends need to know? Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors.) j away FTC.

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Going Concern

FEBRUARY 16, 2024

This is according to the Illinois CPA Society (ICPAS), which surveyed 449 employers and 433 accounting and finance employees last summer and released its results last month. In the past few decades, public accounting firms have implemented work-life balance practices as part of their attempts to curb excessive turnover.

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AdviceForTaxpreparers

JULY 29, 2019

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. Accounting Jokes, Videos, Puns and Humor. by Bill Meador, CPA, JD. If you are going to be an accountant then you have to be able to laugh at yourself. Accounting and CPA Puns. Famous Accounting Quotes.

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Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

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Going Concern

DECEMBER 2, 2022

Why People Leave Public Accounting [ CPA Journal ]. Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. Crypto Exchange Binance Appoints Accounting Firm Mazars to Verify Reserves [ Wall Street Journal ].

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Going Concern

JANUARY 5, 2024

Big 4 Big Four Reshape Consulting Workforce, Strategy With Rare Layoffs [ Bloomberg Tax ] The Big Four accounting firms have leaned into their tech advisory work and data analytics services—areas ripe for revenue growth—as interest rates and the artificial intelligence boom reshaped demand for consulting services.

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