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 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

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Your success lies in solid financial and legal foundations to weather storms – real or metaphorical. You may be eligible for some small business CGT concessions.

Account 93

Account accountant accounted accounting and finance 93

Xero

SEPTEMBER 25, 2023

This guest blog was written by the team at the leading bank payment solution, GoCardless. PayTo requires customers to verify themselves using their bank account so that we can quickly assess that they are who they claim to be. And it’s all done online and during the transaction, so verification is in real-time.

Account 88

Account accountant accounted Start-ups 88

ThomsonReuters

JULY 25, 2023

For today’s accounting firms, advanced technology is no longer an option but a necessity. The most successful accounting firms are making the investment today to optimize growth tomorrow. Let’s take a look at how AI is transforming the way accountants work and why it will help shape the future of the profession.

Technology 98

Technology Tax audit accounting firms 98

ThomsonReuters

MARCH 8, 2024

As busy accountants, it’s easy to get stuck in survival mode. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability? Unless you make a real shift in the way that you’re doing things, you’re only building on your own pain as you continue to grow your tax practice.

cpa firm 96

cpa firm CPA Technology Tax 96

Accounting Seed

FEBRUARY 3, 2023

Here’s how to take control What was once a gentle push and recommendation to take your accounting to the cloud has become a mandate. Many of the big-name accounting software providers such as QuickBooks are officially ending support for desktop solutions. Do you have a real-time view of financial performance?

accounting software 98

accounting software Account accountant accounted 98

Xero

DECEMBER 10, 2023

In today’s accounting and bookkeeping practices, you can find yourself juggling client communications, compliance and acting increasingly in advisory roles – all while still managing your ever-growing daily management tasks. So how can you streamline time spent on admin, workflows and processes?

bookkeeping 87

bookkeeping Start-ups Account accountant 87

Xero

NOVEMBER 27, 2023

We’re the first major small business cloud accounting software in the UK to offer on-platform bill payments using open banking. Set up bill payments in Xero now The new bill payments experience Our new bill payments experience means you can now complete your entire accounts payable workflow in Xero, from start to finish.

Technology 95

Technology accounts payable accounting software Start-ups 95

Xero

NOVEMBER 14, 2023

While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

small business accounting software 102

small business accounting software accounting software accounting system bookkeeping 102

BuildYourFirm

OCTOBER 28, 2020

Real Estate Leasing (Commercial) – While the residential market is red hot in many parts of the country, the commercial real estate market is very soft, particularly in larger cities and shopping areas. Given this evolution during the COVID cloud, below are some niches we are seeing accountants starting to capitalize on.

Real Estate 130

Real Estate Hospitality Technology Entertainment 130

ThomsonReuters

JANUARY 8, 2024

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. This not only enhances the efficiency of tax and accounting processes but also improves the overall quality of financial reporting.

Tax 101

Tax Account accountant accounted 101

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. With cloud-based technology, you and your staff have the ability to share data and documents directly and securely.

Technology 112

Technology Account accountant accounted 112

Xero

JUNE 21, 2023

You win, or you learn – that’s one of Tennick Accountants’ internal mottos, and one that encouraged the firm to put themselves in the running and enter the 2023 Xero Awards UK & Ireland. The Small Firm of the Year award celebrates the Xero accounting or bookkeeping partners that have cracked the formula for success.

Account 118

Account accountant accounted accounting and finance 118

CPA Practice

MARCH 21, 2024

Over the course of the past year the company has expanded to support Etsy, Poshmark, Mercari and Amazon sellers in addition to eBay with its automated bookkeeping and accounting solution. Feature updates are announced frequently on the Seller Ledger Blog. The feature was widely requested at Outright.com but never built, until now.”

bookkeeping 52

bookkeeping Account accountant accounted 52

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

Xero

NOVEMBER 5, 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 52

chartered accountant bookkeeping Account accountant 52

ThomsonReuters

AUGUST 10, 2023

We are watching, in real time, firms successfully streamline accounting practices, boost productivity, and bolster their bottom lines with the adoption and implementation of new technologies. have a “digital transformation strategy” already in place, notes Boston University’s (BU) The Blog Chain.

audit 97

audit Technology Tax Account 97

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. The current state of AI in tax and accounting The use of AI in the tax and accounting profession is rapidly becoming more popular. How can AI improve advisory services?

Tax 98

Tax cpas Account accountant 98

ThomsonReuters

JULY 25, 2023

Real-time data access and analysis: Automation can provide tax professionals with real-time access to financial data, allowing them to identify trends and insights as they emerge. The post Baker Tilly partner explains the power of automation in tax preparation appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

tax preparation 98

tax preparation Technology Tax accounting firms 98

CPA Practice

MARCH 31, 2023

Technology continues to be a driver of growth for today’s successful accounting practices, and professionals know it, with a recent survey showing that 86% of respondents agree that technology will play a significant role in the growth and expansion of their practices in the next year. The survey was sponsored by Intuit Inc.,

Technology 128

Technology quickbooks Account accountant 128

Inform Accounting

AUGUST 10, 2023

From small businesses with big ambitions to freelancers figuring out tax returns, Starling’s award-winning business bank account is designed to make entrepreneurial life a little easier. Apple for a Starling Bank account today! Read more of Inform's tax blogs : Struggling to pay tax – What should you do?

tax return 52

tax return Account accountant accounted 52

ThomsonReuters

MARCH 20, 2024

Each year, accounting firms perform approximately 40,000 Single Audits, making the time, effort and expenses involved in them overwhelming, to say the least. In addition, PPC audit guides are loaded with practical considerations, real-life examples, time-saving checklists, and practice aids — everything you need to pass peer review.

audit 52

audit auditor cpas financial statements 52

ThomsonReuters

NOVEMBER 15, 2023

For accountants, navigating the complexities of Form 8283 and the tax implications of non-cash charitable contributions is essential in providing solid financial guidance to clients and optimizing their tax benefits. Accountants should ensure compliance with IRS regulations to maximize the tax benefit for their clients.

tax return 98

tax return Tax tax planning Real Estate 98

Ryan Lazanis

APRIL 18, 2023

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? In fact, ChatGPT wrote the above description: Can AI Replace Accountants?

Account 96

Account accountant accounted Technology 96

Xero

MARCH 2, 2023

Despite the fantastic work that accountants and bookkeepers do, the industry has an image problem. We know from our recent research – Five biggest hurdles hindering accountants – that recruitment is a key hurdle you face, and this misconception among the candidate pool isn’t helping.

Account 96

Account accountant accounted bookkeeping 96

CPA Practice

OCTOBER 4, 2023

In the same way that accountants utilize real-time data to provide proactive advice to their CAS clients, accountants can also utilize the latest in modern spend & expense management tools and resources to offer their clients the visibility they need into their SMB’s cash flow.

Spend Management 59

Spend Management Expense Management Account accountant 59

Mark Lee

NOVEMBER 7, 2023

l am regularly approached by accountants who want to know how they can get more clients. And many more accountants are asking each other similar questions in groups on facebook. Anyone who needs a new accountant’ is too vague. In my 5 Ms model I set these out as follows: Motive – What do you want? More clients’ is too vague.

Account 94

Account accountant accounted Start-ups 94

Xero

MAY 23, 2023

With another epic Xero Awards evening behind us, it’s time for us to reflect on the success of our accounting and bookkeeping community. We were thrilled to award the Sole Practitioner of the Year award to Joan Adams of Adams O’Rourke Accountants. Congratulations, Adams O’Rourke!

bookkeeping 65

bookkeeping Account accountant accounted 65

Ryan Lazanis

MAY 17, 2022

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Marketing for Accountants 101. 1 Get Blogging. #2 4 Viral Marketing for Accountants. #5

Account 98

Account accountant accounted accounting firms 98

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! Small business owners.

Account 52

Account accountant accounted bookkeeping 52

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. As outlined in a blog post by Rob Nixon, the creator of the coaching program Profitable Partners, criteria for an “A-grade” accounting client include: They are ambitious business owners who are hungry for success. What is an “ A ” client?

accounting firms 96

accounting firms Tax Real Estate Account 96

Mark Lee

MARCH 19, 2024

Although Linkedin tells us that over 300,000 UK based accountants have profiles on Linkedin, this is not the full story. Which is a shame as there is much that accountants can do on Linkedin to benefit their career, profile and success. Or are they too small, too simple or too cheap to be of real interest to you?

Account 52

Account accountant accounted Start-ups 52

ThomsonReuters

NOVEMBER 30, 2023

But it got us thinking about what it could mean on a practical level for accounting firms – especially with regard to their client relationships. As a tax and accounting professional, you should be concerned with all of the possibilities – especially the ones implying a client’s desire for an authentic relationship with you and your firm.

Tax 98

Tax accounting firms Account accountant 98

Going Concern

SEPTEMBER 22, 2023

Here we are again talking about the accountant shortage. Mark Maurer at Wall Street Journal wrote today about a young man named Omer Khokhar who realized after six years in accounting that he was done. The article title: “Job Security Isn’t Enough to Keep Many Accountants From Quitting.” ” Ruh-oh.

Account 113

Account accountant accounted CPA 113

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. How do you know when your accounting technology is outdated? What are the risks of using outdated accounting software?

Technology 98

Technology Account accountant accounted 98

Xero

MAY 29, 2023

Back for another year, the Xero Singapore Awards are all about celebrating the incredible commitment and achievements of our accounting and bookkeeping partners who work tirelessly to help Singapore small businesses thrive. The post It’s about you and all that you do: Xero Singapore Awards 2023 appeared first on Xero Blog.

bookkeeping 67

bookkeeping Construction Manufacturing Education 67