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

APRIL 2, 2024

In this blog, we will overview the details of the investigation, the implications for Ohtani and the Dodgers, and the broader impact on the world of professional sports. million from Ohtani’s bank account. As fans and stakeholders, we must demand transparency and accountability to preserve the integrity of the games we love.

Gambling 105

Gambling Sports Legal Tax 105

CPA Practice

JUNE 9, 2023

10 Top AI Application Uses Here are 10 AI uses for CMOs (Chief Marketing Officers) and CGOs (Chief Growth Officers) in the accounting industry. Content Creation: AI can generate content, such as product descriptions, blog posts, and social media updates, based on predefined templates and user data. Construction accounting can help!

Construction 98

Construction Account accountant accounted 98

Withum

DECEMBER 14, 2023

Withum is proud to share that Accounting Today has once again named Jim Bourke , Managing Director of Advisory Services and Ed Mendlowitz , Emeritus Partner, on their annual Top 100 Influential People in Accounting. Read the complete list of Accounting Today’s Top 100 Most Influential People.

Account 111

Account accountant accounted 111

ThomsonReuters

APRIL 17, 2024

Subscribe on LinkedIn The post CoCounsel: The GenAI for tax and accounting professionals appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Explore how CoCounsel will revolutionize the way you work in our latest AI newsletter below.

Tax 52

Tax Account accountant accounted 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

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

Dent Moses

APRIL 22, 2024

Beyond that, you simply supply your bank account number and routing number—the same information you provide with a printed check. For a deeper dive, review our previous blog post on IRS and Alabama electronic payment options HERE. A process to verify your identity requires access to a previous tax return.

Alabama 40

Alabama Tax tax return Account 40

AccountingDepartment

SEPTEMBER 20, 2023

One area where businesses can significantly streamline their operations is within their accounting department. By outsourcing these functions to client accounting service experts, organizations can focus on their core activities while benefiting from enhanced accuracy, improved financial processes, and valuable time savings.

Account 87

Account accountant accounted bookkeeping services 87

AccountingDepartment

DECEMBER 26, 2023

Small and medium-sized businesses (SMBs) are essential to the economy, accounting for more than half of all jobs worldwide. In this blog post, we will discuss five SMB trends that we can expect to see in 2024, dealing with AI, customer experience, sustainability, and cybersecurity.

Account 85

Account accountant accounted 85

Xero

NOVEMBER 6, 2023

There are truly some incredible small businesses out there in the world, and some wonderful accountants and bookkeepers who support them. When small businesses applied to the fund, they were asked on the application form if they were referred to the fund, and to name their accountant or bookkeeper and the firm in their application.

bookkeeping 92

bookkeeping Maine Account accountant 92

AccountingDepartment

JANUARY 4, 2024

Accounting is a critical aspect of any organization, and keeping up with the latest trends and technologies in this field is essential to ensure that businesses remain competitive and successful. As we enter 2024, there are a few key trends that business owners simply cannot ignore.

Account 79

Account accountant accounted Gaming 79

AccountingDepartment

MARCH 28, 2024

This is where client accounting services come into play. In this blog post, we will explore how client accounting services (CAS) streamline financial processes for businesses, highlighting the benefits of outsourcing accounting functions to improve efficiency and reduce administrative burdens.

Account 85

Account accountant accounted NetSuite 85

ThomsonReuters

APRIL 18, 2024

Let CoCounsel be your trusted partner Gain unrivaled expertise with GenAI technology to become a pioneer in the tax and accounting industry with CoCounsel. Bolster your tax and accounting knowledge without poring over multiple references and layers of content. Increase productivity Conquer complex tax questions faster than ever.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

FEBRUARY 29, 2024

Following high school and an internship at a small business where her role included accounting work, Brittany Lanphier determined that she would definitely not study accounting in college. Something clicked then, Lanphier says, and she found that she liked accounting.

CPA 97

CPA Account accountant accounted 97

ThomsonReuters

DECEMBER 8, 2023

As technology has evolved, so too has the accounting profession. From paper-based processes to cloud-based software, accountants are no strangers to change. No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence.

Account 108

Account accountant accounted Technology 108

ThomsonReuters

JUNE 16, 2023

Many of today’s accounting professionals have a new perspective on when and how they want to work. The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders. Are there still remote accounting jobs?

accounting firms 111

accounting firms Account accountant accounted 111

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

CPA Practice

AUGUST 9, 2023

Year-end is right around the corner, which means quarterlies, tax preparation, and more for accounting firms. You can do this with your website search field or login to your site and search the blog content. I generated this list of 10 email subject lines for business owner tax deductions, which could also be used as blog titles too.

tax preparation 98

tax preparation Tax Entertainment bookkeeping 98

Xero

OCTOBER 24, 2023

This guest blog was written by the team at ecommerce accounting integration, Amaka. Proper preparation as a business owner or an accountant with e-commerce clients can help maximise Cyber Monday success. In fact, we’ve seen Amaka’s accounting integrations saving businesses around 12 hours of manual work monthly.

E-commerce 103

E-commerce Technology accounting and finance bookkeeping 103

Xero

NOVEMBER 6, 2023

The XPAC has been reintroduced into Aotearoa and is made up of a diverse panel of accountants and bookkeepers who are both thought leaders and trailblazers for the needs of the sector. The post Xero welcomes new members to Aotearoa New Zealand’s Partner Advisory Council appeared first on Xero Blog.

chartered accountant 98

chartered accountant bookkeeping Account accountant 98

CPA Practice

JANUARY 20, 2023

Being an accountant means that work often comes in ebbs and flows. From the Thomson Reuters blog. It’s a significant issue for tax professionals and accountants. Being an accountant is different. Whether you are a remote worker or managing a full accounting firm, stop the burnout before it starts. What is burnout?

Tax 122

Tax Start-ups accounting software accounting meaning 122

Xero

SEPTEMBER 6, 2023

For the fifth year in a row, Xero has taken out Canstar’s Most Satisfied Customer Award for small business accounting software. Canstar’s annual survey engages hundreds of small business owners across New Zealand to provide a benchmark of quality for accounting software.

small business accounting software 105

small business accounting software accounting software small business accounting business accounting 105

ThomsonReuters

APRIL 25, 2024

When it comes to navigating the tax landscape of 401(k) contributions and withdrawals, it’s important for accountants to stay informed and help clients make tax-efficient decisions during their retirement years. Withdrawals from Roth 401(k) accounts are tax-free in retirement, provided certain conditions are met. How is a 401(k) taxed?

Tax 52

Tax income tax tax preparation Account 52

ThomsonReuters

FEBRUARY 26, 2024

There are many paths to accountancy, but this is one we don’t hear of often:  Erin Heath   grew up on a cattle ranch in South Dakota, where many of her “ranch-hand” duties sparked her interest in numbers. But it was an introduction to accounting class in high school that paved the way. “It It was love at first sight,” she recalls. “I

CPA 98

CPA South Dakota Nebraska Tax 98

Withum

DECEMBER 12, 2022

Managing Director of Withum’s Advisory Practice Jim Bourke and Emeritus Partner Ed Mendlowitz have once again been named on the Top 100 Influential People List by Accounting Today for the eighth consecutive year. His busy schedule keeps him moving around the globe, learning and teaching about Public Accounting.

public accounting 98

public accounting Account accountant accounted 98

MazumaBusinessAccounting

AUGUST 26, 2021

Janet is the blogger and owner of a lifestyle blog. She’s been blogging for 5 years. Over those years she’s claimed her blog as a business on her taxes. The third and fourth years she did bring in some money from her blog. Janet’s blogging expenses for her fifth year in business were: Website hosting.

accounting and finance 98

accounting and finance Tax audit business tax 98

Canopy Accounting

JANUARY 4, 2023

I haven’t conducted a formal poll, but my guess is the answer would be “yes” for many CPAs and accountants. In preparing to write this blog, I did what I usually do – start with the definition. When you think of tax season, does burnout come to mind?

cpas 98

cpas Tax Account accountant 98

AccountingDepartment

AUGUST 22, 2023

To effectively navigate growth and focus on core business activities, many organizations are turning to outsourced client accounting services. In this blog post, we will explore how outsourced client accounting services can help support your expansion strategies.

Account 68

Account accountant accounted bookkeeping services 68

Xero

OCTOBER 17, 2023

This initiative celebrates Xero’s valued accountants, bookkeepers, and app partners by putting them in the spotlight and recognizing their commitment to excellence and ongoing support of the small business sector. The post 2023 Xero Awards Canada Winners appeared first on Xero Blog.

bookkeeping 86

bookkeeping Account accountant accounted 86

ThomsonReuters

DECEMBER 19, 2023

For accountants, understanding renewable energy tax credits and how they relate to individuals and businesses is essential in helping clients maximize their tax benefits. Let’s take a look at how these tax incentives encourage the adoption of clean energy practices and how accountants can support their clients in making this shift.

Tax 110

Tax accounting and finance Manufacturing income tax 110

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?

corporation tax 98

corporation tax Tax income tax financial statements 98

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

Xero

SEPTEMBER 11, 2023

While this initiative is targeted at small businesses, our accounting and bookkeeping partners play a key role in driving small business success and we’d love for you to help get your clients behind the Xero Beautiful Business Fund. We’ve listed out the application process and tips on how to apply in our blog post here. T&Cs apply.

bookkeeping 86

bookkeeping Account accountant accounted 86

Xero

DECEMBER 6, 2023

Connecting our communities Our Roadshow provided a great opportunity to inspire, educate, and connect accountants and bookkeepers nationwide. This was a key theme for the Roadshow and it’s great to see small businesses and accountants band together to navigate uncertain times and embrace the innovative tools available to support them.

bookkeeping 84

bookkeeping Education Start-ups Account 84

Withum

FEBRUARY 7, 2023

This is the 1,058 th blog I have posted in the last 11 years. My first blog was posted on February 7, 2012, and it seems like a long time ago and also seems like yesterday. Posting a weekly blog sort of forces me to think of new ideas to write about. Some of my blog posts are timeless, and I occasionally repost them on LinkedIn.

public accounting 59

public accounting Start-ups Account accountant 59

Xero

FEBRUARY 28, 2024

However, with Generative AI (GenAI) being one of the more recent exciting and emerging technology developments, it was one of the big areas we wanted to share more detail around how we are approaching it and how we see it impacting accounting in the future.

Technology 99

Technology accounting and finance Gaming Start-ups 99