CPA Practice

APRIL 26, 2023

The Pennsylvania Institute of Certified Public Accountants , the largest CPA association in Pennsylvania with over 20,000 members, has issued its latest Insights report. The report’s deep dive provides the latest data on compensation across titles, technology adoption, billing model breakdowns, M&A and more.

Pennsylvania 52

Pennsylvania public accounting accounting firms Account 52

CPA Practice

OCTOBER 16, 2023

Tax season poses immense challenges for accounting firms. Many firms turn to outsourcing as a solution. So how can firms ensure they implement outsourcing in a way that enhances, rather than hampers, operations? Discover how the right domestic outsourcing partner can help optimize your tax season operations.

cpas 69

cpas Education accounting firms Tax 69

ThomsonReuters

FEBRUARY 29, 2024

Lanphier says she also knew an accounting degree would provide many job options. Upon completion of the joint-degree BBA and MS program, Lanphier was recruited by Deloitte to work in their international tax group. Dennis Lanphier, an attorney in addition to being an accountant, can handle complex tax situations.)

CPA 97

CPA Account accountant accounted 97

ThomsonReuters

FEBRUARY 26, 2024

Heath attended a private college and took the requisite courses to become a certified public accountant, finishing a five-year degree in four years, then eventually getting married and moving back home. Erin Heath, CPA Heath began reaching out to clients and by the end of the year, she had tripled her tax revenue from the previous year.

CPA 98

CPA South Dakota Nebraska Tax 98

ThomsonReuters

JANUARY 14, 2022

Being an accountant means that work often comes in ebbs and flows. The tide moves in every quarter, and there is always tax season. A recent survey revealed that 82% of tax professionals identify as feeling burned out. It’s a significant issue for tax professionals and accountants. What is burnout?

Tax 98

Tax Technology Start-ups accounting software 98

ThomsonReuters

FEBRUARY 27, 2024

Sandy Heit’s path to owning her own accounting firm was a bit unconventional — and ultimately involved her love for photography. She pursued accounting due to a combination of a love for math and heeding her mother’s advice to have a stable job.

cpa firm 52

cpa firm accounting firms accounting careers CPA 52

ThomsonReuters

FEBRUARY 9, 2023

As accountants, there’s no way to avoid the hectic nature of tax season. How can I make my tax season easier? From carving out dedicated personal time to implementing time-saving tools and technology, let’s take a look at three ways you can shift out of survival mode and thrive not only during tax season but all year long.

Tax 59

Tax tax return Technology accounting software 59

ThomsonReuters

MARCH 12, 2024

Jump to: Identify the common barriers to change Overcome the barriers with communication Reframe the narrative Remember your clients Set the expectations for adaptation Running an accounting firm can feel like you’re constantly chasing changes. These tips should help your firm prepare for and maximize the benefits of change.

cpas 52

cpas Technology accounting firms Tax 52

ThomsonReuters

AUGUST 1, 2023

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. hours per week.

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

MARCH 26, 2024

The guidance clarifies that developers can receive a bonus of up to 10 percentage points on top of the Investment Tax Credit (ITC) and an increase of 10% for the Production Tax Credit (PTC ). These lists are essential resources for tax professionals to determine the eligibility of their clients’ projects accurately.

Transportation 52

Transportation Tax accounting and finance accounting firms 52

ThomsonReuters

FEBRUARY 28, 2024

That insight stuck with her, Shaul recalls, adding that it planted the seeds of her own path to success and owning her own firm. A culture of happiness and growth In the six years after she became a CPA, Shaul worked at several accounting firms and experienced some less-than-ideal managers.

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

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.

Technology 52

Technology accounting degree tax preparation cpa firm 52

ThomsonReuters

AUGUST 3, 2023

As a result of the explosion of new tools and software available, accounting firms have a significant opportunity to improve their reputational status through enhanced advisory service offerings. Changes to indirect taxes are raising questions and organizational challenges.

Technology 98

Technology accounting firms Tax Account 98

ThomsonReuters

JANUARY 24, 2023

For more information on ESG accounting and reporting , read our blog covering the topic. The post The value of audit certification and what it means for tax firms appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

audit 59

audit auditor Tax accounting firms 59

ThomsonReuters

MARCH 8, 2024

In order to serve your mid-sized clients specifically, logistical challenges of understanding exactly what your goals are as an evolving firm can be some of the biggest challenges and requires a shift in thinking. How do firms think ahead to provide better services for their clients?

cpa firm 96

cpa firm CPA Technology Tax 96

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? However, firms looking to remain competitive and drive greater profitability must pause to reflect on how they can work smarter and faster. Is staff spending too much time on tax research and keeping pace with legislative changes?

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

MARCH 13, 2023

More recently, in April 2022, New Mountain Capital announced a majority investment in professional services firms Citrin Cooperman.  These investments marked a notable transformation in the profession, with the realization among private equity firms that investing in large accounting firms can yield great returns.

Technology 59

Technology accounting firms Tax audit 59

ThomsonReuters

FEBRUARY 24, 2023

Schedule K-1s, which are tax forms used to report a partner’s or shareholder’s income, losses, capital gain, dividends, etc., K-1s, however, are quite different and can come with some complexities for tax and accounting firms. from the partnership for the tax year. from the partnership for the tax year.

Non-Profits 59

Non-Profits tax return Tax income tax 59

ThomsonReuters

JULY 11, 2023

Accounting firms turn to a three-tiered approach to uncover opportunities Accounting firms are severely impacted by the dynamic post-pandemic economy. Firms are faced with the external challenges of meeting new client demands, increasing compliance pressures, and tax law changes.

Technology 73

Technology Account accountant accounted 73

ThomsonReuters

OCTOBER 27, 2023

But, many accounting firms offering pro bono services fail to take a strategic and organized approach, opening themselves up to a host of potential challenges. One reason firms fail to plan is that it’s difficult to decide how much to give away and to whom. This will set you up for success now and in the future.

Account 59

Account accountant accounted accounting firms 59

ThomsonReuters

JUNE 3, 2021

Improving efficiency, driving automation, and streamlining internal processes are essential for tax and accounting firms looking to better meet increased client demands and, ultimately, generate greater profitability. . This ultimately means greater profitability for firms and a win-win scenario for firm leaders. .

Tax 52

Tax accounting firms Account accountant 52

Ryan Lazanis

FEBRUARY 3, 2023

Table of Contents What is Lead Generation for Accountants 21 Tactics to Help You Generate Leads What is Lead Generation for Accountants? When I launched my accounting firm in 2013, I had no clue how to acquire new clients. Let’s go! followers. followers.

Account 52

Account accountant accounted accounting firms 52

ThomsonReuters

MARCH 10, 2023

If you’re a leader in a tax and accounting firm, you know the pain that disconnected teams, lack of visibility, and inefficient workflows can bring. You also may have heard of APIs; however, many accountants are unsure of what they are and how they can help simplify workflow and boost profitability. What are APIs?

Technology 59

Technology accounting firms Tax Account 59

ThomsonReuters

MARCH 15, 2023

Today, a growing number of private equity investors are entering the accounting market as they’ve discovered that investing in accounting firms can yield great returns. That is, if the firm is a good fit and has the right appeal. Accounting firms looking to attract investors should ensure their tech stack is up to date.

Technology 64

Technology accounting firms Account accountant 64

ThomsonReuters

APRIL 24, 2024

Jump to: What is GenAI and how can tax professionals use it? Couple that with the ability to conduct tax research quickly, generative AI is a potential game-changer. However, most tax and accounting professionals are unsure of how to effectively harness the power of AI, or even where to start.

Technology 52

Technology Tax accounting firms financial statements 52

ThomsonReuters

MAY 24, 2023

Faced with increased client expectations and strained bandwidth, today’s accounting firms are in critical need of greater automation and streamlined workflows. Teribery added, “It is pre-built so [firms] don’t need the IT resources. with RESTful Web APIs to retrieve and update tax information.

accounting firms 52

accounting firms Technology Account accountant 52

CPA Practice

JUNE 29, 2023

And so, you know, I start watching the dollars on a trial balance for a business tax return. And it’s like, oh, really the odd I’m thinking quite a few firms aren’t going to swallow Brian F. How many tax returns? White Paper, is it had an amazing appendix called audit architecture map. How many reviews?

Technology 52

Technology audit general ledger Start-ups 52

ThomsonReuters

OCTOBER 19, 2023

This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. According to a recent Small Business Administration report , 27,104,006 small businesses were termed “nonemployer firms” and had no employees.

Non-Profits 111

Non-Profits Tax accounting firms Account 111

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.

Technology 92

Technology tax preparation tax return Tax 92

ThomsonReuters

FEBRUARY 13, 2023

In an era of staffing shortages, accounting firms must increasingly look outside the box to fill gaps in talent. More accurate returns in less time As most accountants know, tax technology can automate manual activities, save time, and improve accuracy. Errors are caught automatically — before it’s too late to fix them.

Technology 59

Technology Non-Profits accounting firms Tax 59

ThomsonReuters

MAY 11, 2023

Small and mid-sized accounting firms are increasingly grappling with the need to do more with less, often putting staff at risk of burnout and weighing down productivity. But what if you could boost your firm’s efficiency and morale at the same time? No more manually detecting blank fields or numbers that don’t add up.

Technology 52

Technology payroll tax accounts payable accounting firms 52

PANALITIX

JULY 21, 2020

If you are competing on your ‘tax and compliance’ capabilities, it will be difficult to persuade prospects that you are different. A blend of written content (email newsletters, blogs, white papers) and video content (webinars, tutorials and leadership messages) is a good starting point. Communication.

Account 130

Account accountant accounted accounting basics 130

CPA Practice

OCTOBER 6, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the latest trends in practice management for accounting firms. Mark Edmondson from inflow, wrote a great white paper on the audit technology ecosystem, and even if you don’t do audits, I want you to go download it, okay? 10 seconds to the time stamps below.)

Technology 52

Technology Account accountant accounted 52