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Accounting firms and sales and use tax advising: Perfect together?

TaxConnex

Mark Friedlich, CPA, vice president of U.S. Accounting and CPA firms looking to expand their services into the sales and use tax niche, often have pent-up demand within their own client base. Compare the state income tax return filings to the state sales tax filings.

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Sales Tax Compliance: Automated Returns or Service Provider?

TaxConnex

This time of year, everybody’s mind is on income tax preparation. And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. Either those that they’ve hired internally or the trusted CPA firm they’ve utilized for years.

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Three ways AI can elevate your tax workflow

ThomsonReuters

This means source documents are bookmarked and organized into a standardized work paper index that follows the order of the tax return. Preparers don’t have to painstakingly assemble tax work papers thanks to automated scan-and-organize functionality. Interested in learning more about tax workflow automation?

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A New Approach to Make Next Tax Season Go More Smoothly

CPA Practice

The accounting profession has been facing a staffing crunch brought on by fewer college graduates entering the profession and experienced tax practitioners transitioning to different careers in accounting. However, with the rapid evolution of technology, navigating the high-density workloads brought in annually by tax season can improve.

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AICPA News – Oct. 2023

CPA Practice

Among the warning signs, businesses should be wary of vendors that require large, contingency fees and those who fail to sign the amended payroll tax returns. 1, A Firm’s System of Quality Management ,requires firms to apply a risk-based approach in designing, implementing, and operating a quality management system.

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AICPA News – Oct. 2023

CPA Practice

Among the warning signs, businesses should be wary of vendors that require large, contingency fees and those who fail to sign the amended payroll tax returns. 1, A Firm’s System of Quality Management ,requires firms to apply a risk-based approach in designing, implementing, and operating a quality management system.

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The Technology Lab Podcast – Safeguarding Client Data: Update on IRS Pub 4557 – August 2023

CPA Practice

However, these standards almost universally, I mean, I’ve had numerous conversations with pen test urs people to do sock audits Randy and other Kaitou people and, you know, people from from all across the spectrum. account and view the returns filed for p 10. We’ve talked about those on prior Technology Labs.