ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do the Big 4 use artificial intelligence? How do smaller accounting firms use AI? How does AI impact workflow? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception.

accounting firms 111

accounting firms Account accountant accounted 111

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

FEBRUARY 6, 2024

Jump to: When to consider an automated tax software solution Benefits of sales tax automation software What if you don’t have a complex business model? Where does my company have nexus? Automation guarantees the correct indirect tax calculated in every jurisdiction where you do business. Where is the sales tax due?

Sales 98

Sales Tax audit Account 98

ThomsonReuters

AUGUST 10, 2023

Here, we will talk through some best practices when implementing new audit software solutions as well as some common pitfalls that can arise throughout the process. have a “digital transformation strategy” already in place, notes Boston University’s (BU) The Blog Chain.

audit 97

audit Technology Tax Account 97

Xero

NOVEMBER 1, 2023

They’re taking on the difficult task of selecting our winners for the 12 accountant, bookkeeper and app partner award categories. Pam Phillips: Managing Director, de Jong Phillips Pam joins us again as one of our judges, and is a true Xero advocate, flying the flag for how Xero and cloud software can transform business operations.

bookkeeping 81

bookkeeping Technology accounting firms management accounting 81

ThomsonReuters

NOVEMBER 9, 2023

In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Many firms are shifting their hunt for talent beyond the traditional accounting background. Think about your firm’s daily workflow. Think about your firm’s daily workflow.

tax planning 105

tax planning accounting firms Tax Account 105

ThomsonReuters

APRIL 26, 2022

Tax and accounting firms of all sizes need dependable systems and procedures to deliver the best value to their clients. Finding the right accounting software for your firm will keep business records organized, improve operational efficiency, identify areas for improvement, and help you manage growth over time.

accounting software 98

accounting software Technology Account accountant 98

xendoo

MARCH 17, 2022

Small business owners around the world are migrating to cloud-based bookkeeping software to keep their financial records and reports organized and accessible. Even with the help of bookkeeping software, it takes financial expertise to put the data into context and use it to make informed decisions. Going Digital.

bookkeeping 98

bookkeeping bookkeeping software quickbooks bookkeeping services 98

Xero

MARCH 18, 2024

In Xero we’ve improved how you adjust your financial year-end settings. We explore how to prepare for Basis Period Reform and how Xero can support you. The measure impacts sole trader and partnership clients who use their own accounting year for Income Tax reporting. How does the transitional period work?

income tax 69

income tax tax return Non-Profits bookkeeping 69

ThomsonReuters

JULY 25, 2023

Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be. Thomson Reuters: How are certain trends in politics, culture, technology, or industry affecting businesses?

Technology 93

Technology Tax audit Sales 93

Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. So let’s begin our journey to the land of accountancy! The target audience does matter.

Account 52

Account accountant accounted bookkeeping 52

Xero

OCTOBER 1, 2023

As a small business or advisor working with sensitive personal and financial information every day, the stakes are high. And how do they get it? Business information can be sold to competitors or state sponsors, and used to gain access to company accounts. Imagine if a cyber criminal was able to access your email account.

Start-ups 111

Start-ups Account accountant accounted 111

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

JANUARY 14, 2022

Being an accountant means that work often comes in ebbs and flows. It’s a significant issue for tax professionals and accountants. How does burnout affect tax professionals? Being an accountant is different. There is no shortage of guidance on how to avoid burnout. What is burnout?

Tax 98

Tax Technology Start-ups accounting software 98

ThomsonReuters

JUNE 29, 2023

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. Differing opinions and personality traits will always come into play when dealing with tax clients, and knowing how to deal with difficult people is critical.

Tax 97

Tax Account accountant accounted 97

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

Xero

APRIL 6, 2023

Our recent research found that accountants are facing a number of serious challenges, so we want to put a spotlight on their brilliant work, and their lives beyond the industry. They tell us more about the misconceptions they face, how their side projects complement their day-to-day roles, and why they love the accounting industry.

Account 81

Account accountant accounted accounting and finance 81

ThomsonReuters

DECEMBER 8, 2023

Jump to: How AI is transforming audit AI-Assisted Decision Making in Thomson Reuters Cloud Audit Suite Ready to transform audit? How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations.

audit 98

audit auditor financial statements Technology 98

ThomsonReuters

NOVEMBER 8, 2022

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. So how does automation work at an accounting firm?

Technology 98

Technology Account accountant accounted 98

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

Ronika Khanna CPA,CA

DECEMBER 7, 2023

The search for the right accounting software can be a time consuming process. A Google search for “ small business accounting software ” yields over 250 million results. COST One of the most attractive aspects of QuickBooks Online (QBO) is you get a fully functional accounting software at a relatively low cost.

accounting software 52

accounting software quickbooks Account accountant 52

Accounting Insight

AUGUST 3, 2023

Kletta is the the accounting toolkit for Sole Traders. What does Kletta do? Kletta is a small business accounting toolkit for small businesses. We help accountants with sole traders work better than ever before. We help accountants with sole traders work better than ever before. We have a stand!

bookkeeping 52

bookkeeping accounting and finance Expense Management small business accounting 52

MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

TaxConnex

SEPTEMBER 15, 2020

In this blog , we’ll take a look at the 6 steps to compliance and some of the complexities that go with them. Without nexus, you have no further obligation to a state, but if nexus does exist, you ’ll need to do some additional work. For example, determining the taxability of software is challenging. Determine Nexus.

Sales 225

Sales Tax tax consultant cpa firm 225

ThomsonReuters

APRIL 21, 2024

Legislative changes are creating even greater confusion, notably Section 174 Capitalization of the Tax Cuts and Jobs Act (TCJA) , which has changed how research and development (R&D) expenses are treated for tax purposes, impacting the applicable tax codes in the process. How does AI help with product classification?

Tax 52

Tax corporation tax Technology tax planning 52

ThomsonReuters

SEPTEMBER 7, 2023

Form 2441 instructions Helping clients with Form 2441 Tax software for Form 2441 Form 2441 is a tax form used to claim the child and dependent care tax credit. The software will guide you through this process. The software will apply the appropriate credit percentage and income limitations.

tax preparation 52

tax preparation tax return Tax audit 52

xendoo

JULY 26, 2021

In order to save their time and sanity, many partner with an online bookkeeping and accounting team. How do you choose the right financial partner for your business? Accounting software . In this blog post, we will explore these key differences so that you can make the best choice for your business! Free trial.

bookkeeping services 72

bookkeeping services bookkeeping quickbooks accounting software 72

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Financial statements (i.e.,

audit 59

audit auditor Account accountant 59

Ryan Lazanis

MAY 11, 2022

When it comes to finding the perfect accounting professionals for your accounting firm, make sure that you have the right questions to ask in an accounting interview in order to get a sense of their qualifications and experience. 22 of the top accounting questions to ask potential accountants. Let’s go!

Account 98

Account accountant accounted accounting software 98

Shay CPA

FEBRUARY 14, 2024

Does thinking about filing your taxes put some tension on your shoulders? Know How Section 174 Changes R&D Expenses Historically, you could take the deduction for R&D (which the IRS called R&E [research and experimentation]) expenses in the year you spent the money. Either way, we can help. First, they’re easy to set up.

Technology 52

Technology Tax CPA accounting principles 52

ThomsonReuters

AUGUST 25, 2023

How do you calculate vehicle depreciation for taxes? How does Section 179 deduction work for vehicles? Managing vehicle tax depreciation with software Running a successful small business is hard work and expensive. How do you calculate vehicle depreciation for taxes?

Tax 52

Tax Account accountant accounted 52

Xero

OCTOBER 11, 2022

Instead, you’ll need to submit them through Making Tax Digital (MTD)-compatible software. . There has been a lot of buy-in for MTD , and many small businesses who have undertaken the process have found it to be straightforward, especially when working with their accountant or software provider. . And this is good news.

Tax 88

Tax income tax Start-ups Account 88

xendoo

AUGUST 30, 2021

To take their time back, many business owners choose to outsource their bookkeeping and accounting. So, how do you choose the right financial partner for your business? Accounting software . Accounting methods. Plans can be paid monthly or annually, whichever works best for you. Accounting Software.

bookkeeping services 91

bookkeeping services bookkeeping quickbooks accounting software 91

ThomsonReuters

SEPTEMBER 19, 2023

Jump to: Job security: AI is an enhancement, not a replacement Making AI work for you: Best practices for tax professionals A collaborative future with AI The dawn of artificial intelligence (AI) has sparked concerns across various industries about the potential replacement of human workers with machines.

Technology 52

Technology Tax tax preparation tax return 52

ThomsonReuters

APRIL 4, 2022

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. What’s more, you’ve found the new software solution that you believe can deliver all of the powerful, time-saving tools your firm needs to work better and faster. So, how do you get your boss on board?

Tax 98

Tax Technology tax preparation tax return 98

Xero

NOVEMBER 29, 2022

Xero has more than 1000 connected apps in its ecosystem, all working to help small businesses and their advisors succeed. We spoke to Jan Korecky, co-founder of Datamolino, about their story and how they make lives easier for business owners and their accountants. That is how the initial idea of Datamolino came about.”.

Accounts Payable Automation 76

Accounts Payable Automation accounts payable bookkeeping Start-ups 76

Xero

AUGUST 22, 2022

From April 2024, sole traders and landlords with a total annual turnover above £10,000 need to use MTD for ITSA compatible software to keep digital records and file returns. First, how did the team get started? . As for how they began conversations, both Alexa and Macauley are adamant about the importance of banging the MTD drum. .

Account 71

Account accountant accounted tax return 71