CPA Practice

JULY 31, 2023

In today’s globalized world, offshoring and outsourcing have become prevalent strategies adopted by CPAs, accounting, and tax firms to optimize their operations, minimize expenses, and tap into specialized expertise. An offshore account manager is who will oversee the offshore accountant’s day-to-day activities.

Tax 98

Tax Account accountant accounted 98

Withum

JANUARY 24, 2023

Determine Who Will Be Responsible Prior to preparing for your audit or even engaging a CPA firm for that matter, a company should first designate who will be overseeing the audit process. Delays in providing account schedules, requesting underlying support, or answering auditor inquiries will lead to delays in the audit timeline.

audit 69

audit auditor general ledger cpa firm 69

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.

accrual accounting 52

accrual accounting Account accountant accounted 52

Basis 365

APRIL 28, 2022

Choosing your entity type really crosses two disciplines, legal and tax. The tax side, which is closer to the accounting side, relates to selecting the appropriate business type that minimizes unintended tax liabilities. You really should review this periodically as laws and tax code do change.

income tax 52

income tax tax return tax planning Legal 52

KROST

APRIL 12, 2022

Securing credit, managing employees, and staying involved in the day-to-day running of the business creates a constant set of obstacles to be addressed by the business owner, leaving very little time for a life outside of work, let alone applying the latest accepted accounting principles.

accrual accounting 52

accrual accounting financial statements accounting and finance auditor 52

Going Concern

JUNE 17, 2022

While accounting technology is moving fast, some firms are still moving slow: #TaxTwitter I just got a customer service request from a CPA firm via SNAIL MAIL. Do mid-sized firms not know how to use email? Now, that candidate may test in each of those locations. Sandi Leyva (@SandiLeyva) June 17, 2022.

Account 52

Account accountant accounted chartered accountant 52

Going Concern

MARCH 17, 2023

On top of a strong background in finance, both fields require extensive knowledge of tax law, and those are just the beginning of the hard skills needed to excel. The journey to zero-day close will drive further adoption of accounting automation 3. There are a number of myths surrounding audits and auditing that need debunking.

Government 93

Government Gambling audit CPA 93