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 70

auditor Account accountant accounted 70

Mark Lee

AUGUST 29, 2023

Some accountants just want to work for anyone who can afford them and who will engage them. Some accountants have more specific aspirations. And some accountants have very specific prospective clients in mind. All are perfectly reasonable approaches – as long as you do more than simply hope and dream.

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Account accountant accounted Start-ups 81

DuctTapeMarketing

JULY 31, 2018

Professional Services Marketing. Professional Services. How Cloud-Based Accounting Software Can Benefit Your Business. How Cloud-Based Accounting Software Can Benefit Your Business. This is a big one because odds are, you’re not super well-versed in the accounting world. Strategy First.

accounting software 147

accounting software Account accountant accounted 147

ThomsonReuters

MARCH 26, 2021

In this next chapter of Small Talk with Heather Walker , I am once again joined by Linda Forde, CPA and owner of The Forde Firm, and Nina Tross, Executive Director of the National Society of Tax Professionals (NSTP). Linde Forde was sitting in high school French class when she realized her calling was in accounting.

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cpa firm CPA Non-Profits Start-ups 98

ThomsonReuters

DECEMBER 20, 2020

Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Until the sale is made to the final consumer, sales tax is not collected, and tax jurisdictions do not receive tax revenue.

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Sales South Dakota Tax corporation tax 119

ThomsonReuters

APRIL 23, 2021

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. Paul Miller’s path into tax and accounting started different than most because it didn’t start in the industry. “I

accounting firms 98

accounting firms Tax Account accountant 98

Mark Lee

NOVEMBER 29, 2022

This blog post is drawn from my presentations during a virtual conference for CIOT – to help raise funds for two worthy tax charities, TaxAid and Tax help for older people. Indeed, some of it dates back to the mid 1990s when I first acted as an expert witness in professional negligence matters. Like this post?

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Tax Account accountant accounted 52

Withum

SEPTEMBER 14, 2022

The IRS has learned how to use the vast amount of data at its disposal to identify compliance issues and reporting anomalies. They will be able to identify noncompliant taxpayers much faster, to target issues more efficiently, and to proceed with assessment and collection functions much quicker. 10 Troublesome Tax Schemes.

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Tax tax return audit Entertainment 105

ThomsonReuters

APRIL 18, 2023

They rely heavily on cash flow statements and the expertise of their accountant to make informed strategic business decisions. Accounting professionals must have the right tools and resources in place to not only avoid cash flow mistakes but also help maximize cash flow for clients. What are the main types of cash flows?

accounting and finance 59

accounting and finance accounts payable Finance Account 59

Snyder

JULY 13, 2022

If you’re wondering how to sell on Etsy, what your Etsy store cost will be, and whether Etsy is worth your time, we have good news for you – you don’t have to learn the hard way. Read our comprehensive list of steps on how to set up an Etsy business, , find out some useful tips and implement them in your own selling business on Etsy.

Start-ups 98

Start-ups E-commerce Maine accounting books 98

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? This survival guide offers strategies and tips from former auditors on how indirect tax teams can avoid audits and minimize their effects. How do you prepare for a sales tax audit? How far back can a sales tax audit go?

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audit Sales Tax auditor 105

Mark Lee

MAY 31, 2022

In my experience many accountants have more potential to succeed than they themselves believe. They are better accountants than they are prepared to admit. Equally there are plenty of accountants whose self-confidence is delusional. This relates to the quality of their experiences as a professional adviser.

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Account accountant accounted 52

Mark Lee

MARCH 15, 2022

This idea originated in the book ‘Endless Referrals’, written by Bob Burg, who said: “All things being equal, people do business with, and refer business to people they Know, Like and Trust.”. How easy do you make it for people to get to know YOU? Your interests on a professional and on personal level? Your background?

Legal 40

Legal Maine Account accountant 40

Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.

accounting software 98

accounting software quickbooks Account accountant 98

Snyder

NOVEMBER 10, 2022

Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. First, try to make the most out of your accounting software. As your needs become more complex, you may need to advance to professional tax prep assistance.

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tax preparation Tax tax return accounting software 52

Mark Lee

MARCH 29, 2022

Do you assume you know what (new) callers will want from you? Are you able to distinguish real prospective clients without devoting too much time to the others? Do you operate like other professionals or by reference to wishful thinking? But stopping doing what maybe a lifetime habit is rarely easy.

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Account accountant accounted tax return 52

ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

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Account accountant accounted Technology 52

Mark Lee

APRIL 26, 2022

In fact, it’s very rare for me to hear from accountants who love ALL of their clients. If you do, this isn’t the blog post for you. Some such clients don’t even pay promptly and even those that do are paying less than you feel would be reasonable for the work you do and the grief they cause.

Start-ups 52

Start-ups Account accountant accounted 52

Mark Lee

OCTOBER 4, 2022

Maybe you do too. Equally – when you tell prospects how great you are, they may not be convinced. It seems likely that many of the same type of people also look for that third-party confirmation before choosing an accountant too. Why are testimonials so valuable in the context of accounting services? That’s right.

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Account accountant accounted Start-ups 52

Mark Lee

JANUARY 10, 2023

Many accountants, even in the smallest of firms are keen to recruit the right people. The second part that is often forgotten is how to make your vacancy, role, and firm an attractive prospect and to differentiate yourself from other firms looking to recruit similar candidates. You do have one don’t you?

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Account accountant accounted Start-ups 52

ThomsonReuters

SEPTEMBER 8, 2023

Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables. How do you start a C corp?

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income tax Tax Legal tax return 75

Mark Lee

SEPTEMBER 13, 2022

It seems I’ve not updated my generic advice on this blog about accountants’ websites for some time. So I have pulled much of that advice together into this post. I say pretty much the same things whenever websites come up in conversation with accountants. NB: Few accountants want to target ALL such random people.

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Account accountant accounted tax return 52

Ronika Khanna CPA,CA

APRIL 14, 2022

Being a small business owner comes with challenges, not the least of which is doing your taxes. If you do have business income, then you are required to declare your business income on a tax return. If you are planning to outsource, you should find an accountant as soon as possible as they tend to be very busy at this time of year.

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Tax tax return business tax accounting and finance 52

LyfeAccounting

JANUARY 12, 2021

This is really not a surprise to me because most business owners are not CPAs or accountants. And at the end of the day, accounting is the language of business. Bookkeeping Tip #1: Do not mix your personal and business finances. Why do you need to separate your personal and business finances? BUT not only that.

bookkeeping 52

bookkeeping accounting and finance accounting software Finance 52

Mark Lee

APRIL 11, 2023

These days I would always encourage accountants to work with specialist tax advisers when faced with such situations. But many accountants make assumptions much more frequently about their clients – and are probably losing out as a result. I still make assumptions that work to my detriment.

bookkeeping 52

bookkeeping Tax Account accountant 52

ThomsonReuters

OCTOBER 12, 2023

How to report foreign income What is Form 1099-DIV? citizens living abroad or earning income from foreign sources, questions often arise on how the U.S. Investment income, rental income, and passive income from foreign sources do not qualify for the FEIE. The 330 days do not need to be consecutive. What is FEIE?

Tax 40

Tax tax return income tax Real Estate 40

LyfeAccounting

JANUARY 14, 2021

I myself have to pay quarterly tax payments and here at LYFE Accounting, we help business owners pay theirs. How to calculate your quarterly tax payments. How to pay quarterly tax payments. How Much Do You Have to Pay in Quarterly Taxes? There are a few ways you can find out how much you have to pay.

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Tax accounting and finance tax preparation income tax 52

Inform Accounting

APRIL 19, 2023

How can you reduce your inheritance tax bill? Invest it (carefully) Making the right kind of investments might help you avoid IHT - an individual savings account (ISA) can’t help. Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

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Tax income tax tax return Government 52

ThomsonReuters

NOVEMBER 11, 2021

In fact, a global effort is underway to tighten the restrictions and increase the documentation requirements for this practice, adding a significant amount of work and responsibility to the task of the corporate tax professional. How to simplify the transfer pricing documentation process. What is transfer pricing?

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audit Tax corporation tax Government 52

PYMNTS

SEPTEMBER 27, 2019

Below, PYMNTS breaks down how more than $420 million in funding landed with B2B startups. s Nationwide Building Society did not disclose how much it invested in BankiFi , but it did say that it’s support to the open banking FinTech comes as Nationwide plans to launch a business current account. said this week.

B2B 59

B2B Technology accounting and finance accounts payable 59

Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. In this guide, you’ll learn: How to set up a strategic business plan.

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

ThomsonReuters

SEPTEMBER 26, 2023

Jennifer Lee Wilson coaches accounting professionals and firms on developing what they need to transform their organizations. Part of the impetus for the investment is witnessing how technology eased the transition to remote work for other audit functions. Clients are the only ones subject to accountability.

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audit auditor Technology Education 98

ThomsonReuters

APRIL 6, 2023

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. Often, these types of charges are invoiced.

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accounts payable Account accountant accounted 52

SkagitCountyTaxServices

JANUARY 5, 2024

But something I do believe in making at the start of the year are goals — both personally and professionally, short- and long-term. If you do go the resolutions route, one I think is worth anyone prioritizing in the new year: stop procrastinating. You’ve put too much work into this business to not take your time in this process.

Tax 75

Tax financial statements Sales Legal 75

inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. Why do you care? Well investors care, for starters.

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Why do you care? Table of Contents.

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Account accountant accounted accrual accounting 52

ThomsonReuters

FEBRUARY 1, 2024

How to start reviewing tax data for overpayments How to claim a refund for a sales tax reverse audit Making changes after the audit Companies looking for ways to reduce the risk of tax overpayments and/or identify systemic issues that could prevent future overpayments may want to consider conducting a reverse sales audit.

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audit Sales Tax Manufacturing 52