CPA Practice

FEBRUARY 24, 2023

Tax season is already in full swing and accounting firms across the country are working non-stop to meet the April filing deadline. However, many firms will struggle to keep their existing team busy when May rolls around and the last return has been filed. By Matt Bowen.

accounting firms 128

accounting firms Tax Account accountant 128

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do smaller accounting firms use AI? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. How many accounting firms use AI? How do the Big 4 use artificial intelligence?

accounting firms 111

accounting firms Account accountant accounted 111

ThomsonReuters

NOVEMBER 9, 2023

There is no doubt that tax professionals are hard to find, let alone replace. In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Think about your firm’s daily workflow. Utilize short-term solutions.

tax planning 105

tax planning accounting firms Tax Account 105

Going Concern

JANUARY 30, 2024

Additionally, we notified federal law enforcement, the IRS, and state tax authorities of this event and we will also be notifying state regulators, as required. ” Additionally there’s this scary bit of info: File Your Tax Return. We encourage you to file your tax return as soon as possible, if you have not already done so.

accounting firms 107

accounting firms Account accountant accounted 107

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.

Sales 221

Sales Tax Account accountant 221

CPA Practice

SEPTEMBER 6, 2023

The question in the title of this article is one the Treasury Inspector General for Tax Administration (TIGTA) recently tried to answer for some members of Congress who asked the IRS watchdog to evaluate employees moving between large accounting firms and the IRS, often referred to as the “revolving door.”

accounting firms 119

accounting firms Account accountant accounted 119

CPA Practice

MAY 2, 2024

The Maryland-based accounting firm Simon, Krowitz, Meadows & Bortnick, P.A. The combination brings SKMB’s talented team to Marcum, including two senior advisors and their associates with extensive experience in accounting, assurance, tax services, and business valuations.

Maryland 52

Maryland accounting firms Account accountant 52

Anders CPA

DECEMBER 20, 2022

For the fourth year in a row, Anders has been named to Forbes’ America’s Best Tax and Accounting Firms List for 2023. With thousands of firms recommended in tax and accounting, Anders is one of 160 firms in the country to be named on both lists. Louis to make both lists.

accounting firms 98

accounting firms Tax Missouri Account 98

ThomsonReuters

JUNE 16, 2023

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders.

accounting firms 111

accounting firms Account accountant accounted 111

ThomsonReuters

MARCH 23, 2022

The key is to foster an environment and culture conducive to productivity and flow at your accounting firm. Change the physical environment of your tax and accounting firm. Allow flexible schedules and remote accounting work. Employees can do accounting work remotely. However, it is not enough.

accounting firms 98

accounting firms Tax Account accountant 98

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Account accountant 130

CPA Practice

FEBRUARY 8, 2024

Accounting firms employing cloud-based technology solutions experience higher levels of growth, but many are still grappling with how to harness the full power of such tools for strategic benefit. However, a very low number of firms – only 9% – believe they are maximizing the use and value of their current technology.

accounting firms 122

accounting firms Technology Account accountant 122

CPA Practice

OCTOBER 10, 2023

The demand for skilled tax practitioners in the accounting profession has never been more critical. It provides essential services due to the complexity of tax laws and the importance of offering valuable tax-saving advice to clients; and that’s just the tax half of the industry.

Technology 105

Technology accounting firms Account accountant 105

ThomsonReuters

JULY 6, 2023

As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. From advising on mergers and acquisitions to specializing in accounting and advisory in your clients’ specific industry, there are many ways to take advantage of this unique opportunity.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

AUGUST 3, 2023

In the rapidly evolving landscape of the tax and accounting industry, specialization has emerged as a solid differentiator, providing firms with a distinct competitive edge. Instead, firms are embracing specialization to tailor their expertise and solutions to match the unique requirements of their target clients.

accounting firms 98

accounting firms Account accountant accounted 98

Withum

FEBRUARY 8, 2022

Withum has been awarded on the Forbes list of America’s Best Tax and Accounting Firms 2022. Previously, Withum received this designation in the Tax category. Now named for both Tax and Accounting, the respective teams are proud of the accolades. This prestigious award is presented by Forbes and Statista Inc.,

accounting firms 111

accounting firms Tax Account accountant 111

CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. By Cameron White, SVP of Finance, AvidXchange.

accounting firms 139

accounting firms CPA Technology Account 139

CPA Practice

APRIL 16, 2024

Although accounting firms have made significant progress in adopting new technology over the last few years, and many are planning to increase the attention and budget they devote to technology going forward, the use of artificial intelligence isn’t in the cards for many practices—at least not yet, according to a new survey from Rightworks.

accounting firms 97

accounting firms Account accountant accounted 97

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. By Cameron White, SVP of Finance, AvidXchange.

accounting firms 135

accounting firms CPA Technology Account 135

CPA Practice

APRIL 19, 2024

Christianson PLLP, an accounting firm headquartered in Willmar, Minnesota, has joined as an alliance member of CLA Global. CLA Global Limited is an organization comprised of independent accounting and advisory firms.

Minnesota 52

Minnesota accounting firms Agriculture Account 52

ThomsonReuters

AUGUST 2, 2023

It takes a combination of insight and determination to recruit the right talent for your accounting firm. Recently, respondents to the 2023 State of the Tax Professionals Report shared their top ten tips for a successful accounting firm recruitment strategy. Read the TRI Talent report to learn more.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

JUNE 16, 2023

Many of today’s tax and accounting practices are struggling with strained firm capabilities. Is your firm among them? Rising client expectations , an ever-changing regulatory environment , and the ongoing war on talent have left many of today’s firms grappling with strained bandwidth.

accounting firms 98

accounting firms Account accountant accounted 98

CPA Practice

MAY 6, 2024

The accounting and advisory firm Marcum LLP has acquired Croskey Lanni, PC, a notable Detroit, Michigan area-based firm with an office in Boca Raton, Florida. Croskey Lanni’s Florida team will also bolster Marcum’s operations in the state. Clients of Croskey Lanni are poised to benefit from a broader spectrum of services.

Michigan 64

Michigan accounting firms Florida Account 64

CPA Practice

SEPTEMBER 14, 2023

One example of this from the accounting profession: Matthew May, one of the co-founders of Acuity, a national accounting firm, recently stated during a panel discussion at an accounting conference that his firm had learned a lot of the processes for lead generation and prospect data mining from a software company located near his firm.

accounting firms 108

accounting firms Technology Account accountant 108

CPA Practice

OCTOBER 11, 2023

Public accounting firms in the United States reported strong top-line and bottom-line growth in their latest fiscal year results, driven by high demand for their services, according to a survey by the American Institute of CPAs and the Chartered Institute of Management Accountants.

accounting firms 119

accounting firms Account accountant accounted 119

CPA Practice

JULY 6, 2023

I didn’t realize it at the time, but stepping away from day-to-day operations was one thing managing partners at most modern accounting firms do (see #5 below). Here are seven keys to becoming a modern CPA firm. These firms have different tiers of service that give clients access to networking groups at the higher end.

accounting firms 108

accounting firms Account accountant accounted 108

ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. Here are a few ways you can market your firm’s services to individuals and small businesses. How to market tax and accounting services. Marketing accounting services to individuals vs. small businesses. With more than 144.3

accounting firms 98

accounting firms Account accountant accounted 98

Basis 365

AUGUST 8, 2023

With the dynamic business landscape, many companies are turning to outsourced accounting firms to streamline their financial processes and gain access to specialized expertise. Outsourcing accounting functions can offer numerous benefits, including cost savings, improved accuracy, and enhanced efficiency.

accounting firms 98

accounting firms Account accountant accounted 98

CPA Practice

JULY 11, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the pros and cons, as well as the technologies and liabilities, of outsourcing tax and accounting tasking. Use the podcast player below to listen. Transcript is below the podcast player.)

accounting firms 97

accounting firms Technology Tax Account 97

CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. The result: Drake wins this category again this year, showing the loyalty many professionals have for this company’s tax systems.

52

52

ThomsonReuters

APRIL 13, 2023

These two words can strike fear in the hearts of your tax and accounting clients: IRS audit. Understanding how to manage client expectations and concerns and how to get through the process is an essential skill in the tax and accounting professions. These steps will help when clients come under IRS scrutiny.

audit 52

audit accounting firms Tax Account 52

CPA Practice

MARCH 15, 2023

Audit firms cannot be owned and operated by non-CPAs, therefore firms that accept majority outside investment, or are hoping to attract it in the future, generally must organize their audit/attest practice independently from their tax/advisory/consulting side, allowing for PE investment in the latter.

accounting firms 132

accounting firms Account accountant accounted 132

PANALITIX

AUGUST 9, 2020

Rapidly Growing an Accounting Firm: An Interview with Glenn Hetzel. Hetzel & Associates, CPAs spoke frankly and clearly on the many challenges and opportunities related to growing an accounting business. Glenn focuses his time on the top clients and some business development in addition to managing the firm.

accounting firms 189

accounting firms Account accountant accounted 189

CPA Practice

AUGUST 15, 2023

Right Networks and Thomson Reuters have partnered to offer cloud hosting of its tax and accounting solutions to firms and organizations in the U.S. Digital transformation remains a priority for accounting firms, providing new opportunities to streamline workflows to boost operational efficiency.

accounting firms 52

accounting firms Tax Account accountant 52

CPA Practice

APRIL 23, 2024

Christianson PLLP joined has joined CLA Global Limited (CLA Global), an organization comprised of independent accounting and advisory firms, as an alliance member in the United States.

Minnesota 59

Minnesota accounting firms Agriculture Account 59

Accounting Today

MARCH 12, 2024

Arvo Tech, a tax strategy technology provider for small businesses, has acquired Mark Murphy & Associates and Lee & Associates.

Technology 69

Technology accounting firms Account accountant 69

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. How did your firm fare this year? That is a question firms should consider as they reflect on the tax season. Growing your accounting firm through specialization.

accounting firms 96

accounting firms Tax Real Estate Account 96