CPA Practice

MAY 18, 2023

From the Thomson Reuters Tax & Accounting Blog. Working in the tax and accounting industry can be a stressful job. That’s why it’s important for both tax and accounting professionals and their firms to take steps to protect their mental health. How can technology help accountants’ mental health?

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

APRIL 18, 2022

Tax season is a stressful time of year for anyone who works at an accounting firm. Burnout is commonplace and sometimes it’s hard to get back into the swing of things when the busy season dies down. Burnout’s effect on tax and accounting professionals. Ways to recover and avoid burnout next tax season.

tax preparation 104

tax preparation Technology Tax accounting and finance 104

ThomsonReuters

JANUARY 16, 2024

Why is overall accountant wellness important? Making occupational wellness a priority Tax and accounting professionals are known for working hard, especially during tax season. Why is overall accountant wellness important? Jump to: What is wellness?

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. That is a question firms should consider as they reflect on the tax season. As a guiding principle for many businesses, focusing on “quality over quantity” can help your firm achieve better results. How did your firm fare this year?

accounting firms 96

accounting firms Tax Real Estate Account 96

Going Concern

MAY 3, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Treasury has today released two consultation papers on the adequacy of current settings.

institute of chartered accountants 110

institute of chartered accountants Technology cpas chartered accountant 110

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. It’s stressful; that’s just part of the business, right? A recent survey revealed that 82% of tax professionals identify as feeling burned out. How does burnout affect tax professionals?

Tax 98

Tax Technology Start-ups accounting software 98

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

Tax 102

Tax tax preparation bookkeeping bookkeeping services 102

ThomsonReuters

FEBRUARY 28, 2024

Alicia Shaul ’s path to accounting was less than traditional. Once, one of Shaul’s professors spoke about the importance of business development, saying that if you ever want to become a partner in a firm, you need to become a rainmaker and start bringing in your own work. As an undergrad, she majored in political science and pre-law.

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

DuctTapeMarketing

JULY 14, 2018

Professional Services Marketing. Professional Services. Consulting Business. Small Business Finances. Bookkeeping Fundamentals for Small Business Owners. Bookkeeping Fundamentals for Small Business Owners. Being a small business owner means long hours and longer to-do lists. Strategy First.

bookkeeping 238

bookkeeping accounting and finance accounting software bookkeeping services 238

ThomsonReuters

APRIL 19, 2022

Your firm has been going nonstop, and your team has just made it through another busy tax season. No matter how large or small your firm may be, these simple gestures are excellent ways to reward your staff both during and after the seasonal tax rush. Pay for meals since your team has been working ‘round the clock.

business tax 98

business tax Tax Sports Account 98

Xero

JANUARY 9, 2024

The XPAC is made up of a diverse panel of accountants and bookkeepers who are thought leaders and pioneers in the profession, and eager to share their unique ways of thinking, case studies and past successes to inform the future. Korbyn Gallegos, Director of Accounting, Ignite Spot Korbyn has been a critical player at Ignite Spot since 2015.

Alabama 78

Alabama bookkeeping Technology E-commerce 78

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. hours per week, a reduction of about 12%.

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

JULY 6, 2023

If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. But where do you start?

Account 98

Account accountant accounted accounting and finance 98

ThomsonReuters

JUNE 16, 2023

Many of today’s tax and accounting practices are struggling with strained firm capabilities. More than half of respondents confirm that capacity challenges are constant in their firms and organizations — and workforce recruitment/retention is the most critical professional challenge,” the survey stated. Is your firm among them?

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

MAY 19, 2022

Unfortunately, businesses often make assumptions about what their clients want. Sometimes they miss the mark, which can lead to misunderstandings, unmet expectations, and potentially dissatisfied clients who eventually take their business elsewhere. based accounting firm Padden Cooper. However, that is often not the case.

Tax 105

Tax tax return accounting and finance accounting firms 105

ThomsonReuters

AUGUST 25, 2023

Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to minimize their tax liability. What is the purpose of making a provision for depreciation? 27, 2017, and before Jan.

corporation tax 98

corporation tax Tax income tax financial statements 98

ThomsonReuters

MARCH 8, 2024

As busy accountants, it’s easy to get stuck in survival mode. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability? Over the past decade, the Partner Summit has given hundreds of tax professionals a unique opportunity to learn how to build a more progressive firm.

cpa firm 96

cpa firm CPA Technology Tax 96

Shay CPA

APRIL 3, 2024

‘Tis the season. With that in mind, our team of expert tech startup bookkeepers and accountants put our heads together. Organize according to GAAP If you’ve been following our blogs, you’ve probably seen this come up before. GAAP stands for Generally Accepted Accounting Principles. This doesn’t just apply to your abode.

bookkeeping 59

bookkeeping Finance accounting and finance accounting principles 59

Shay CPA

FEBRUARY 28, 2024

Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. That can give you and your accountant a good foundation to build on for this year. Amazon, Staples) Payroll (e.g.,

Tax 52

Tax CPA bookkeeping tax preparation 52

ThomsonReuters

MARCH 2, 2023

Working relationships, especially between a professional and their clients , should also follow this path to ensure a healthy bond. As accountants, we often get questions or requests from clients that are outside of the scope of our working relationship (i.e., How can accountants prioritize self-care? billable activities).

Account 59

Account accountant accounted tax return 59

AdviceForTaxpreparers

JULY 29, 2019

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. Accounting Jokes, Videos, Puns and Humor. If you are going to be an accountant then you have to be able to laugh at yourself. Sharing a laugh brings us all together (especially during any busy season). Accounting and CPA Puns.

tax preparation 212

tax preparation Account accountant accounted 212

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

MARCH 6, 2024

So, what are users searching for this tax season? To effectively address these subjects and more, tax and accounting experts today must have comprehensive and current tax research tools and expert editorial analysis at their disposal. It should be noted that planned changes are coming in June of 2024.)

tax return 52

tax return payroll tax payroll Tax 52

ThomsonReuters

MARCH 15, 2021

It is the question at the back of every tax practitioner’s mind this tax season – will tax season be extended? The effects of COVID-19 were truly coming to light in the heat of accountants’ busy season in 2020, turning a normally stressful time into a downright chaotic period.

Tax 98

Tax Texas tax return cpas 98

Going Concern

NOVEMBER 20, 2023

Here’s an article from AccountancyAge on mental health in the profession : In the precise and structured realm of accounting, the topic of mental health is often an overlooked narrative. Behind the precision of financial statements and the clarity of audits, accountants confront a set of unique challenges. Congrats to both!

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Account accountant accounted audit 96

ThomsonReuters

SEPTEMBER 9, 2022

We all know accountants have a certain reputation for being methodical, organized, risk-averse, and some might even say, boring. 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.

Account 98

Account accountant accounted tax return 98

Xero

JULY 3, 2022

This is a guest post by accountant Daniel Hardy of Xero Platinum Partner firm Caveo Partners. Recently, Caveo Partners was named the best boutique firm of the year at the Australian Accounting Awards. . With a new financial year upon us, you might be thinking, what’s next for my small business? Your accountant or bookkeeper. .

business tax 111

business tax Tax bookkeeping accounting and finance 111

ThomsonReuters

FEBRUARY 2, 2022

million small businesses in the U.S., the potential market available to tax and accounting firms is massive. However, finding individual and small business clients is more challenging, particularly for those just starting out. Here are a few ways you can market your firm’s services to individuals and small businesses.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

MAY 24, 2021

It’s been a devastating year and while signs point toward a return to normal, the impact of our mental health on our personal and professional lives remains top of mind. Busy season is hard enough when it’s not a 15 month busy season,” she says. You may be a small firm, but you are not alone.

cpa firm 98

cpa firm CPA tax return Tax 98

CPA Practice

MARCH 8, 2023

These inconsistencies, and many other variables, make it hard for accounting and finance teams to employ consistent and scalable processes, particularly during peak tax season. According to the survey findings, businesses spend an average of 90.4 hours (about four days) per week on real property tax management activities.

Tax 105

Tax Technology accounting and finance tax return 105

ThomsonReuters

MARCH 21, 2023

Are members of your accounting team among them? Workplace stress : Burnout in the workplace is one of the most common issues impacting today’s professionals. Many of these professionals are pursuing hybrid positions (63 percent), followed by fully remote positions (47 percent). Employee engagement is on the decline.

Account 52

Account accountant accounted accounting and finance 52

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. One of the first steps you can take is to keep a log and document all of the struggles you and your staff, are experiencing during tax season.

Tax 98

Tax Technology tax preparation tax return 98

ThomsonReuters

APRIL 4, 2022

Furthermore, recent research by the Thomson Reuters Institute found that, among those accounting professionals who would consider moving on to a new firm, they are attracted to firms for a variety of reasons, including a greater value of work, greater independence/autonomy, and growth and progression opportunities.

tax preparation 97

tax preparation Tax accounting and finance Education 97

Withum

FEBRUARY 1, 2024

However, there are some things you could do now that would simplify your tax return for 2024 and later years and also reduce the fees you pay a professional preparer. Further, if PTP shares are owned in a retirement account, including an IRA, Roth IRA, or 401k, some of the income could become taxable in those tax-sheltered accounts.

tax return 59

tax return Tax Gambling tax preparation 59

Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. Between a wave of retirees and a drop in the number of people graduating with accounting degrees, the whole profession is struggling to staff up. “We

auditor 72

auditor Account accountant accounted 72

ThomsonReuters

DECEMBER 20, 2021

Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. When you realize you’re ready to become your own boss by starting an accounting firm, it’s important to build a strong foundation. Determine your roadmap.

accounting firms 52

accounting firms Account accountant accounted 52

Snyder

DECEMBER 27, 2022

Freelance accounting is increasing in popularity. With the rise of online platforms like Upwork, Fiverr, and Remote.co, more and more people are working remotely to offer their services to businesses worldwide. This means that nowadays, freelancers have greater opportunities to find work and grow their businesses faster.

Account 98

Account accountant accounted accounting and finance 98