Ryan Lazanis

FEBRUARY 14, 2023

Looking for one of the top digital marketing strategies to help potential clients easily find you? Then you’ll want to read the rest of this article on SEO for accountants. What is SEO for Accountants? Why is SEO Important?

Account 97

Account accountant accounted accounting firms 97

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.

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

JUNE 6, 2022

When you can flag changes in accounting, auditing, and tax that clients didn’t know about, and help them manage commercial impacts with innovative solutions, then you’re well on your way to gaining their trust. But how do you stay current on accounting and auditing standards when there are new developments happening all the time?

accounting standards 142

accounting standards Account accountant accounted 142

ThomsonReuters

JANUARY 4, 2024

Take advantage of wellness benefits The numbers are in, and they reinforce the mental health challenges facing accountants. Nearly 9 in 10 accountants want a better work-life balance, while just over 70 percent would like more help from their organizations to manage mental health, according to ACCA’s Global Trends Survey 2023.

Tax 71

Tax Technology payroll tax accounting careers 71

CPA Practice

MAY 30, 2023

Clients want more from your firm than basic accounting and compliance work. In fact, a recent report from Thomson Reuters found that 95% of surveyed accounting firms said their clients want more advisory services. Here’s how to get started. Your existing clients are a great place to start.

Education 124

Education basic accounting accounting firms Account 124

CPA Practice

OCTOBER 10, 2023

The modern-day marketing professional has an extensive rotation of roles to fill—and only so many hours during the workday to do so. But with the help of artificial intelligence, marketers have access to tools that allow them to work more effectively and efficiently. How do they engage on LinkedIn? What is a buyer persona?

accounting firms 122

accounting firms Account accountant accounted 122

ThomsonReuters

FEBRUARY 8, 2024

Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Accounting assumptions, along with accounting principles and concepts, provide professionals with the necessary framework for preparing financial statements.

Account 96

Account accountant accounted accounting principles 96

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 30, 2023

How can embracing authenticity guide your firm’s client service initiatives? Making authenticity a priority in your client service strategy Earlier this week, Merriam-Webster announced its word of the year for 2023. How can embracing authenticity guide your firm’s client service initiatives? The winner?

Tax 98

Tax accounting firms Account accountant 98

ThomsonReuters

DECEMBER 28, 2023

But fear not, we’re here to lighten the mood and bring you the top three webcasts that made navigating the twists and turns of the tax and accounting industry a little less taxing (pun intended). So, what can you do now to be more prepared, efficient, and profitable in 2023? This means getting ahead of the change and competition.

Tax 59

Tax Account accountant accounted 59

ThomsonReuters

OCTOBER 19, 2023

It is designed to capture more information about the ownership of specific entities operating in or accessing the U.S. The law was largely ignored by accounting professionals at first. Jump to: Who does the Corporate Transparency Act affect? Who does the Corporate Transparency Act affect? Who needs to file?

Non-Profits 111

Non-Profits Tax accounting firms Account 111

ThomsonReuters

MAY 15, 2023

The use of artificial intelligence (AI) has already had a tremendous impact in many industries, and the tax and accounting sector is no exception. With help from Checkpoint Edge, you’ll be able to take full advantage of emerging AI technologies to provide more efficient services for your clients.

Tax 98

Tax cpas Account accountant 98

SchoolofBookkeeping

MAY 12, 2023

If you're a QuickBooks accounting professional, you may have noticed a recent change in how new subscriptions to QuickBooks Online are handled. Intuit, the company behind QuickBooks, has started automatically creating QB Payments accounts for all new subscriptions. harm no foul.

quickbooks 98

quickbooks Account accountant accounted 98

CPA Practice

DECEMBER 3, 2023

Branding Questions Addressing these questions can help you create a strong, distinct brand for your firm, setting a solid foundation for growth and client engagement. This could be a specialization in a certain area of accounting, exceptional customer service, innovative technology usage, etc. How will we measure brand success?

accounting firms 125

accounting firms Account accountant accounted 125

ThomsonReuters

FEBRUARY 21, 2023

To help firms achieve greater growth and profitability , we will explore five ways accounting professionals can think like a marketer. To help firms achieve greater growth and profitability , we will explore five ways accounting professionals can think like a marketer. They refer other clients to you.

Tax 104

Tax Account accountant accounted 104

ThomsonReuters

JUNE 29, 2023

Managing tax clients isn ’ t always easy. Providing good customer service is essential to growing your tax and accounting practice but, as many professionals have come to realize, dealing with difficult clients can be hard. Behaviors of challenging tax clients The customer is always right. Or are they?

Tax 97

Tax Account accountant accounted 97

ThomsonReuters

APRIL 25, 2024

Jump to: Unravel tax law complexity with AI-powered tax research Alleviate workload pressures with AI-powered workflows Prioritize well-being and renewal Strengthen client relationships by shifting to an advisory model Has a stressful tax season left you reeling? But amidst the struggle, there is good news.

Tax 52

Tax tax preparation tax planning auditor 52

ThomsonReuters

FEBRUARY 28, 2024

Alicia Shaul ’s path to accounting was less than traditional. A culture of happiness and growth In the six years after she became a CPA, Shaul worked at several accounting firms and experienced some less-than-ideal managers. By this time, she had also acquired a number of clients whom she had trusted relationships with.

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. How did your firm fare this year? Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer. Understanding your ideal client base.

accounting firms 96

accounting firms Tax Real Estate Account 96

ThomsonReuters

MARCH 21, 2023

A client comes in to drop off all their tax prep information and stops to ask you a “quick question.” ” It’s a question that is easy for you to answer, but one that has nothing to do with the work you do for the client. On this April Fools’ Day, don’t get tricked into giving away your expertise.

CPA 97

CPA Tax tax return accounting firms 97

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. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday.

institute of chartered accountants 108

institute of chartered accountants Technology cpas chartered accountant 108

ThomsonReuters

AUGUST 25, 2023

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? More than a quarter (26%) saw significant increases, while just 18% saw their total tax liability decrease. At a corporate tax rate of 21%, the client would save $4,200 on taxes.

corporation tax 98

corporation tax Tax income tax financial statements 98

Mark Lee

FEBRUARY 6, 2024

One thing that remains as challenging for accountants today as it was when I was in practice is that of converting prospects into valued clients. Picture this: you’re face-to-face with a potential client, you’re tempted to showcase your expertise and talk about your services.

Non-Profits 98

Non-Profits Account accountant accounted 98

ThomsonReuters

FEBRUARY 23, 2023

Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. The advisory relationship is the bedrock that enables you to form trust and provide higher-value services to your clients. portal, email, etc.)?

Tax 105

Tax Expense Reimbursements Education Account 105

ThomsonReuters

APRIL 25, 2024

For accountants, you must also remind your clients that early distributions from qualified retirement plans or other tax-favored accounts may incur penalties and trigger the need to file Form 5329 – Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts. Other tax-favored accounts.

tax return 52

tax return income tax Tax Education 52

ThomsonReuters

NOVEMBER 15, 2023

Tax benefit for donating a car Helping clients with non-cash charitable contributions on their tax return Donating to charitable organizations not only enriches society but can also offer beneficial tax deductions. Jump to: What is Form 8283? Boat donation tax deduction What is the cost basis for non-cash charitable contributions?

tax return 98

tax return Tax tax planning Real Estate 98

ThomsonReuters

FEBRUARY 23, 2023

Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. The advisory relationship is the bedrock that enables you to form trust and provide higher-value services to your clients. portal, email, etc.)?

Tax 98

Tax Expense Reimbursements Education Account 98

ThomsonReuters

JANUARY 25, 2024

Jump to: Moving beyond technology implementation Picking the right technology is just the start How to keep tax department tech effective From the pandemic to regulatory changes to economic shifts, numerous industries have adjusted how they operate, how they use technology, and how they engage with clients.

Technology 98

Technology Tax corporation tax Start-ups 98

ThomsonReuters

APRIL 1, 2024

How Baker Newman Noyes automated their tax workflow Baker Newman Noyes (BNN), a U.S. Once the data was made visible, the firm was able to identify specific areas that required more time for overall process improvement. We had just moved to a new practice management platform that has more of this open architecture and leverages APIs.

Tax 52

Tax Account accountant accounted 52

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. Even with a tax deadline looming, clients don’t always communicate or submit information promptly. Burnout is no joke.

tax preparation 104

tax preparation Technology Tax accounting and finance 104

Xero

NOVEMBER 27, 2023

Accountants and bookkeepers, join us for Xero Summer Series Get ready to soak up the summer vibes at the Xero Summer Series – a new event that promises to set the stage for success in 2024. Xero Roadshows will be back in August and September, offering even more opportunities for growth and connection. Come along and say hello!”.

bookkeeping 97

bookkeeping Technology Gaming Start-ups 97

ThomsonReuters

APRIL 8, 2024

Jump to: The impact of AI on business protection Navigating the shifted focus on consulting Automating the traditional method It is a transformational time for businesses as artificial intelligence (AI) increasingly impacts how companies of all industries operate and serve their customers. The accounting profession is no exception.

Tax 52

Tax Technology corporation tax Legal 52

ThomsonReuters

APRIL 25, 2024

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

CPA Practice

AUGUST 9, 2023

Year-end is right around the corner, which means quarterlies, tax preparation, and more for accounting firms. Review what can be repurposed, e.g., 2022 tax prep tips, regulatory changes (hello meals and entertainment deductions), bookkeeping tips, unique tax situations you can highlight, and more. Example Using ChatGPT 3.5,

tax preparation 98

tax preparation Tax Entertainment bookkeeping 98

Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Great news, because this step-by-step guide will cover the critical 7 steps you’ll need to follow to set up a modern bookkeeping practice and to land your first clients. In this guide, you’ll learn: How to set up a strategic business plan.

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

ThomsonReuters

JUNE 28, 2023

If you’re a tax firm leader looking to differentiate yourself from the competition, providing your clients with insight into their ESG data is a great way to set your firm apart. Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management.

Tax 98

Tax auditor audit Technology 98

ThomsonReuters

AUGUST 3, 2023

As a result of the explosion of new tools and software available, accounting firms have a significant opportunity to improve their reputational status through enhanced advisory service offerings. Accounting firms who are equipped with these tools and information will be in a position to help their clients respond to these changes.

Technology 98

Technology accounting firms Tax Account 98