DuctTapeMarketing

JULY 14, 2018

Being a small business owner means long hours and longer to-do lists. Not only are you responsible to keep the business running, you’re probably also figuring out ways to grow, keep employees happy, and delight your customers. Here is a short guide on how to maintain a healthy set of business financials. 0 Comments.

bookkeeping 238

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ThomsonReuters

JUNE 29, 2022

This includes topics like worker status, the Fair Labor Standards Act (FLSA), and employment taxes, among others. July 31, 2022 (August 1, 2022 since the 31 st falls on a Sunday) is the due date for employers to report their second-quarter employment taxes (August 10, 2022 if all deposits and payments were made on time).

payroll 97

payroll Tax tax return income tax 97

ThomsonReuters

APRIL 18, 2023

For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. A DOL determination would have “ no direct impact on tax withholding,” Lebowitz noted. The FLSA requires that employers keep records for at least three years.

payroll 107

payroll payroll tax Tax audit 107

ThomsonReuters

NOVEMBER 30, 2023

How can embracing authenticity guide your firm’s client service initiatives? But it got us thinking about what it could mean on a practical level for accounting firms – especially with regard to their client relationships. How can embracing authenticity guide your firm’s client service initiatives? The winner?

Tax 98

Tax accounting firms Account accountant 98

ThomsonReuters

NOVEMBER 8, 2022

Today’s accountants must not only be up to date on the latest tax regulations, but also understand accounting technology and how it can be leveraged to boost efficiency, accuracy, and productivity. How is information technology used in accounting? How is information technology used in accounting?

Technology 98

Technology Account accountant accounted 98

Withum

MAY 26, 2022

Why, how and whether you invest in the stock market is your business. However, no matter how you choose to invest, there are overall market risks that are very hard to be insulated from. One is to only invest in the stock market if you have a long-term horizon or goal. Stock market volatility has become a daily reality.

Tax 105

Tax income tax Government tax return 105

Mark Lee

OCTOBER 17, 2023

When accountants ask me how they can distinguish themselves from their immediate competition, I remind them that whilst the work output may be much the same (in terms of accounts and tax returns), the service, style, approach and fees may be very different. To my mind this is the start of a service guarantee.

Account 94

Account accountant accounted tax return 94

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? That is a question firms should consider as they reflect on the tax season. What’s important to keep in mind, however, is attracting and maintaining the right clients.

accounting firms 96

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ThomsonReuters

AUGUST 1, 2022

The public perception of accountants is typically described as compliance processors or number crunchers—people who balance books and prepare tax returns. Unfortunately, this limited view clouds the true value of accounting professionals and can lead to some people choosing do-it-yourself tax software.

tax return 97

tax return Tax Account accountant 97

ThomsonReuters

JANUARY 9, 2024

“I think that’s where I’m more worried about it,” James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, began. “I think that’s where I’m more worried about it,” James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, began.

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ThomsonReuters

MARCH 2, 2023

As accountants, we often get questions or requests from clients that are outside of the scope of our working relationship (i.e., During tax season , these demands can be especially stressful given the large workload and long hours. But how do you know when and how to say no? billable activities).

Account 59

Account accountant accounted tax return 59

ThomsonReuters

FEBRUARY 9, 2023

As accountants, there’s no way to avoid the hectic nature of tax season. Amidst such a busy time, how do you ensure you aren’t overwhelming yourself or your staff? How can I make my tax season easier? Own your time Your time is precious—and it can very easily be consumed during tax season.

Tax 59

Tax tax return Technology accounting software 59

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

JUNE 15, 2022

The foundation of a successful tax practice rests on the technical knowledge of your people. While you can create a modern firm with automated processes and expansive service offerings, your clients won’t keep coming back if your team isn’t up to speed with the most recent tax law changes.

Tax 98

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ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? What are the roles and responsibilities for accountants?

Account 59

Account accountant accounted tax preparation 59

Xero

OCTOBER 20, 2022

Accounting has been revolutionised many times over with the emergence of new technology. From calculators to Excel spreadsheets, accountants wouldn’t have gotten far if they weren’t willing to adapt for the good of their practices and their clients. . Family business. Two years later, Ravi entered the fray. A journey with technology.

Account 86

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ThomsonReuters

APRIL 25, 2024

As an accountant, your clients look to you for retirement advice, including tax considerations for IRA plans, the tax benefits of different IRA types, taxes on IRA contributions and withdrawals, and inheritance-related topics. Are IRA contributions tax-deductible? Do you pay taxes on a Roth IRA?

Tax 52

Tax income tax tax return tax preparation 52

Xero

MAY 27, 2022

If you’re a landlord , you’ll likely have felt the rumblings around Making Tax Digital for Income Tax Self Assessment ( MTD for ITSA ). . From the MTD for ITSA start date, landlords earning above £10,000 annually will need to change the way they record income and expenditure, as well as how they submit tax returns. .

income tax 67

income tax Tax tax return Real Estate 67

ThomsonReuters

SEPTEMBER 7, 2023

When does a dependent have to file their own taxes? Helping clients with claiming dependents Tax software for claiming dependents on taxes From an accountant’s perspective, helping your clients navigate the various aspects of claiming dependents on taxes can be complicated.

Tax 52

Tax income tax tax return tax preparation 52

Mark Lee

OCTOBER 31, 2023

The loyalty of current clients Here’s the truth (for most clients of most accountants): Whatever new developments, new opportunities, new tech, new laws or other changes come about in the next few years, very few of your current clients are going to leave you for another accountant. Maybe they wanted tax advice too.

tax return 92

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ThomsonReuters

APRIL 4, 2022

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. 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.

Tax 98

Tax Technology tax preparation tax return 98

Mark Lee

JANUARY 30, 2024

There are two types of accountants who use social media and Linkedin: Those who have learned what works FOR THEM, and Those who have bought into the hype and HOPE that what are doing will prove to be worth the time and effort. Unfortunately, the vast majority of accountants seem to fall into the latter category. WHAT WORKS FOR OTHERS?

Account 92

Account accountant accounted tax return 92

Withum

SEPTEMBER 14, 2022

While we’re waiting on the IRS to ramp up, now is a good time to take the opportunity to reassess your tax “strategies” and compliance. The IRS is aware of the “creative” schemes some taxpayers employ to lower their tax bills. 10 Troublesome Tax Schemes. Consequently, taxpayers took on some bad habits.

Tax 106

Tax tax return audit Entertainment 106

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

Mark Lee

DECEMBER 12, 2023

Historically most clients stay with their accountant for many years. They generally move only when they feel their accountant doesn’t care enough about them, puts their fees up significantly or messes up. My advice in this blog post about safeguarding your practice largely concerns only what I might call ‘simpler’ clients.

tax return 94

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SkagitCountyTaxServices

JANUARY 5, 2024

Sure, we might start with the best of intentions, but by February most of us have quit the gym, returned to normal eating habits, and left books unread on our bedside tables. But something I do believe in making at the start of the year are goals — both personally and professionally, short- and long-term. We can help. ) We can help. )

Tax 77

Tax financial statements Sales Legal 77

ThomsonReuters

JULY 11, 2023

Accounting professionals have long been trusted advisors for their clients. That relationship was shifted into higher gear by the onset of the COVID-19 pandemic as many companies turned to their tax and accounting professionals to help keep their businesses afloat. So how can firms elevate their advisory journey?

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tax preparation tax planning Tax CPA 75

Snyder

OCTOBER 31, 2022

How to start a Shopify business: setting a goal and choosing product ideas for your store. How to set up a Shopify e-commerce store? How to customize a Shopify store? Starting to sell: How to add products to Shopify? How to add helpful pages to your Shopify store? How to add a blog to your Shopify store?

E-commerce 97

E-commerce Start-ups Tax Sales 97

ThomsonReuters

OCTOBER 6, 2023

That’s why we’ve created this simple guide outlining how firms can complete the planning phase of a digital 1040 tax transformation. That’s why we’ve created this simple guide outlining how firms can complete the planning phase of a digital 1040 tax transformation.

tax preparation 64

tax preparation Tax tax return Technology 64

ThomsonReuters

DECEMBER 19, 2023

How to claim energy efficient tax credits from ENERGY STAR Staying up to date with energy efficient tax credits As the world increasingly embraces sustainable practices, energy efficient tax credits serve as powerful tools to motivate individuals and businesses to adopt eco-friendly measures. What is ENERGY STAR?

Tax 52

Tax accounting and finance tax return Manufacturing 52

Shay CPA

JANUARY 17, 2024

The beginning of a new calendar year means every business owner needs to put some thought into tax filings. Beyond filing for your own company, you also have fast-approaching responsibilities pertaining to your employee’s taxes and their ability to file. A big change went into effect for your contractors for the 2023 tax year.

Delaware 52

Delaware Tax income tax Iowa 52

Xero

JUNE 13, 2022

Just under two years sounds like quite a long time. How did that happen? . While here may not be the best place to ponder the ebb and flow of time, it is worth bearing in mind when assessing the April 2024 starting date for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). Suddenly, it’s mid-2022.

income tax 71

income tax Tax bookkeeping accounting software 71

ThomsonReuters

APRIL 25, 2024

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ percent from 2022 to 2030.

corporation tax 59

corporation tax Tax income tax tax return 59

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible. What is a sales tax audit?

audit 105

audit Sales Tax auditor 105

Xero

AUGUST 22, 2022

The road to Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is long and winding, but the end is in sight. 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. Getting started.

Account 73

Account accountant accounted tax return 73

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is indirect tax? Direct tax and indirect tax. You’ve likely heard these terms but understanding what they are and how they differ is important in helping companies better understand the costs they may face and how much they may owe going forward. But it doesn’t end there.

Tax 52

Tax income tax Oregon Ohio 52