Airbase

DECEMBER 5, 2023

This blog explores the critical importance of these reports, delving into how they contribute to financial transparency, regulatory compliance, and the overall efficiency of business operations. Typically, an employee submits a business expense report to provide verification they spent money related to their job.

Approval Workflows 130

Approval Workflows Expense Management Entertainment Technology 130

ThomsonReuters

JANUARY 8, 2024

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. However, with the advent of AI-powered software, these tasks can now be automated, freeing up valuable time for professionals to focus on higher-value activities.

Tax 101

Tax Account accountant accounted 101

ThomsonReuters

JULY 25, 2023

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence. Let’s take a look.

tax preparation 98

tax preparation Technology Tax accounting firms 98

ThomsonReuters

JANUARY 29, 2024

This is where technology, particularly tax automation, plays a pivotal role. The role of tax automation Automation is a strategic asset in recruitment and retention. Automated tax processes standardize workflows, reduce manual errors, and significantly reduce the time spent on repetitive tasks.

Technology 52

Technology accounting degree tax preparation cpa firm 52

ThomsonReuters

OCTOBER 6, 2023

They want to do a better job at using technology to streamline data collection, automate data entry, enhance the review process, and improve service delivery. It also lets firms enjoy the promised return on investment (ROI) that accompanies such upgrades. However, they don’t know where to start the needed transformation.

tax preparation 64

tax preparation Tax tax return Technology 64

ThomsonReuters

OCTOBER 4, 2023

This article explores how different accounting firms use AI in their operations to drive efficiency and excellence in their services. Accounting firms of all sizes from global giants to local boutiques are increasingly turning to AI solutions to enhance their services. How many accounting firms use AI? For now, not many.

accounting firms 111

accounting firms Account accountant accounted 111

ThomsonReuters

NOVEMBER 8, 2022

The answer lies in implementing an end-to-end tax workflow automation solution backed by an integrated technology ecosystem. Integrated technology can help your firm automate each stage of the tax workflow. Automate key aspects of data collection including importing users and permissions and importing/exporting documents.

Technology 105

Technology Account accountant accounted 105

ThomsonReuters

NOVEMBER 2, 2023

How can firms stay competitive, deliver quality services, and achieve work-life balance amid these pressures? The answer lies in tax automation. Tax automation is using technology to streamline and optimize the tax preparation process, from gathering source documents to filing returns.

Technology 52

Technology Tax tax preparation tax return 52

ThomsonReuters

JULY 6, 2023

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. But what accounting advisory services should your firm offer?

Account 98

Account accountant accounted tax return 98

ThomsonReuters

NOVEMBER 8, 2022

Automation. Today, automation is the name of the game. For accounting firms in particular, the automation of day-to-day accounting activities can not only save time and increase revenue but can also boost staff engagement levels. So how does automation work at an accounting firm? Advisory services. The result?

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

OCTOBER 24, 2023

Jump to: Automation, AI Technology: A Time and Resource Saver Outsourcing: Scale your business and reduce your costs A flexible work model: Expand your talent pool and gain a competitive edge How to handle the shortage of staff in your accounting department Recent trends have only amplified this challenge.

Account 52

Account accountant accounted Technology 52

ThomsonReuters

JULY 25, 2023

To keep pace in an increasingly competitive landscape, forward-looking firms are investing in artificial intelligence (AI) solutions to automate tax workflow, open up additional revenue streams, and better serve clients. From a client advisory standpoint, AI provides more accurate data for customized analysis and forecasting.

Technology 98

Technology Tax audit accounting firms 98

ThomsonReuters

JULY 6, 2023

It’s called advisory services, and it builds on the client relationships you already have and the expertise you’ve worked so hard for. Here, we make the case by taking a look at the current landscape of the accounting profession and why transitioning to advisory services could be the career path you’ve been looking for.

Account 98

Account accountant accounted accounting and finance 98

MineralTree

JANUARY 25, 2024

It’s a call to action to recalibrate priorities and prioritize digital transformation and automation to keep pace with the shifting market. This blog takes a deeper dive into 7 accounts payable trends that will help shape 2024. Automation plays an important role in data-driven decision-making.

accounts payable 69

accounts payable AP Automation Account accountant 69

ThomsonReuters

JULY 6, 2023

What are business advisory services? Business advisory services capitalize on the unique insight of accounting firms to make a profitable shift from serving clients as a once-a-year tax compliance processor to a year-round strategic business advisor. Today, technology can automate the entire tax compliance workflow.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

AUGUST 1, 2022

The public perception of accountants is typically described as compliance processors or number crunchers—people who balance books and prepare tax returns. Freeing up time for advisory services. Shifting your firm’s focus to becoming a more strategic partner does not mean compliance services are not important.

tax return 97

tax return Tax Account accountant 97

ThomsonReuters

JANUARY 4, 2024

Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead.

tax planning 78

tax planning Tax Technology tax return 78

ThomsonReuters

APRIL 4, 2024

Technology that helps coordinate data collection and workflow automation is key to helping firms comply with such regulations. Thomson Reuters, which is focused on providing tax professionals with efficient and reliable products that integrate seamlessly with each other, can help. That’s the base.

Technology 52

Technology Tax tax return Government 52

ThomsonReuters

JUNE 28, 2022

Corporate tax teams that want to invest in an automated indirect tax solution can’t simply declare to decision-makers that efficiencies, cost savings, and a host of other benefits will magically start boosting the bottom line once the software is activated. what the return on technology investment (ROI) is going to be. million saved.

Tax 90

Tax Technology corporation tax auditor 90

ThomsonReuters

SEPTEMBER 9, 2022

But for those accountants who’ve answered the call to provide advisory services and being that valued business partner their clients need, the accounting profession can be one exciting ride. And today’s research technology has allowed practitioners to provide their clients with the fast, accurate, answers they need.

Account 98

Account accountant accounted tax return 98

DuctTapeMarketing

JULY 14, 2018

 Services Online Audit. Professional Services Marketing. Professional Services. Marketing Automation. Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Xendoo is an online accounting and bookkeeping service dedicated to small business owners.

bookkeeping 238

bookkeeping accounting and finance accounting software bookkeeping services 238

TaxConnex

SEPTEMBER 15, 2020

Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side. Similarly, services are generally exempt unless stated otherwise.

Sales 227

Sales Tax tax consultant cpa firm 227

ThomsonReuters

APRIL 4, 2022

Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff. At the end of the day, all tax preparation software will give you the same result: a completed client tax return on an IRS-approved form.

Tax 98

Tax Technology tax preparation tax return 98

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Xero also provides automated daily bank reconciliation. It’s a complex outlook, but property investment is a marathon swim, not a quick body surf to shore.

Account 93

Account accountant accounted accounting and finance 93

ThomsonReuters

JANUARY 18, 2024

Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guidance. Preparing tax returns. Accountant responsibilities extend far beyond number crunching.

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

SEPTEMBER 7, 2023

Clients are expecting much more than traditional bookkeeping, tax returns, and payroll services. There is pressure to rapidly ramp up service offerings while facing staffing shortages. This is an exciting and challenging time for accounting firms. What is the future of accounting?

Account 59

Account accountant accounted tax return 59

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. The guidance you provide can help streamline accounting processes , improve profitability, and enhance overall decision-making.

Account 88

Account accountant accounted tax return 88

ThomsonReuters

SEPTEMBER 7, 2023

This credit is designed to provide tax relief to individuals or couples who have incurred expenses for the care of qualifying children or dependents while they are working or looking for work. Generally, the child or dependent must be under the age of 13 at the time the care was provided. What is the age limit for Form 2441?

tax preparation 52

tax preparation tax return Tax audit 52

Ryan Lazanis

APRIL 18, 2023

AI in accounting refers to the use of artificial intelligence (AI) technologies, such as machine learning algorithms and natural language processing, to automate and enhance various accounting processes. This includes tasks such as financial reporting, audit and compliance, fraud detection, and data analysis.

Account 96

Account accountant accounted Technology 96

ThomsonReuters

AUGUST 2, 2022

By automating non-billable and low-value activities with a tax technology solution, your staff can shift their focus to proactive, value-added activities like providing advisory services. Plus, improved productivity and more strategic services can lead to increased profit. Collaborate in real-time with clients.

Technology 98

Technology Tax Non-Profits tax preparation 98

DuctTapeMarketing

DECEMBER 16, 2020

This blog post is brought to you by GoDaddy Pro. Look in 2021 for a host of tools, services, and websites aimed at making writing easier. 7 Small Business Trends that Arrived Just in Time for 2021 written by John Jantsch read more at Duct Tape Marketing. I’m usually spot on too. Are large conferences on hold for a while?

Start-ups 341

Start-ups Technology Education Maine 341

ThomsonReuters

JUNE 8, 2023

By following these five simple steps, you can make sure that your practice is running smoothly and that you’re well-prepared to provide the best service to your clients. Taking a look at past customer feedback will give you valuable insight into aspects of your services that may require some adjustment.

Tax 52

Tax Technology tax preparation cpa firm 52

ThomsonReuters

AUGUST 24, 2023

A 7216 consent form is a document that allows a tax preparer to use or disclose a client’s tax return information for purposes other than preparing their tax return. For example, a tax preparer may use a client’s information to offer them additional services, such as financial planning, bookkeeping, or audit protection.

tax preparation 52

tax preparation tax return Tax Technology 52

ThomsonReuters

SEPTEMBER 19, 2023

When it comes to the tax and accounting space, AI can essentially do the work of a human professional in preparing an individual’s tax returns or auditing a business of virtually any size. Automation of repetitive tasks. Scary, right? Rather, it means the transformation of work—for the better. Improved accuracy.

Technology 52

Technology Tax tax preparation tax return 52

ThomsonReuters

SEPTEMBER 7, 2023

To claim the child and dependent care tax credit, taxpayers must file their Form 1040 federal income tax return using Form 2441. Eligible expenses for the dependent care tax credit include daycare, babysitters, nannies, day camps, and similar care services. These tests determine whether a taxpayer can claim them on their tax return.

Tax 52

Tax income tax tax return tax preparation 52

ThomsonReuters

MARCH 1, 2024

How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs). Income Tax Return for an S Corporation, and Schedule K-1 ( Form 1065 ).

corporation tax 52

corporation tax Tax tax return income tax 52

Acterys

JANUARY 31, 2023

In this blog, we cover some basics about inventory planning: what it is, why do you need it, and what are its benefits and challenges. This increases costs as you may run to make last-minute purchases or end up returning money to customers. Forecasting optimal inventory levels is a big part of inventory management.

Manufacturing 130

Manufacturing Sales Maine Retail 130