Airbase

OCTOBER 23, 2023

In the world of finance and procurement, accuracy and accountability are paramount. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. Table of contents What is 3-way matching? How 3-way matching works.

accounts payable 130

accounts payable AP Automation Technology accounting and finance 130

ThomsonReuters

JUNE 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you know that differentiating yourself from the competition is always top of mind. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust. What are advisory services?

tax return 93

tax return Tax bookkeeping services Technology 93

ThomsonReuters

SEPTEMBER 9, 2022

We all know accountants have a certain reputation for being methodical, organized, risk-averse, and some might even say, boring. But for those accountants who’ve answered the call to provide advisory services and being that valued business partner their clients need, the accounting profession can be one exciting ride.

Account 98

Account accountant accounted tax return 98

SkagitCountyTaxServices

JANUARY 5, 2024

Now, now part one of this topic (which you can find in the blog archives) was about selling your business and some of the practical considerations that should play into decision-making. It’s a complicated subject that won’t fit within the confines of a blog like this, but I want to cover some of the bases for you.

Tax 75

Tax financial statements Sales Legal 75

ThomsonReuters

MAY 6, 2022

For small and mid-sized tax and accounting firms, there are plenty of ways to do so. 8 ways small and mid-sized accounting firms can increase profitability. Word-of-mouth referrals are a powerful thing for any business, but even more so in tax and accounting. Cross-sell tax and accounting services to existing customers.

Tax 87

Tax Account accountant accounted 87

ThomsonReuters

FEBRUARY 6, 2024

Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. They are often already embedded in the prices of goods and services. Jump to: What is indirect tax? What is indirect tax?

Tax 52

Tax income tax Manufacturing corporation tax 52

Withum

MAY 26, 2022

There are many things that affect the value of stocks — too many to sensibly grasp and use to determine what stocks to buy, so I suggest simplifying your decisions by investing through mutual funds. Now, let’s consider what drives stock values. I consider earnings the primary driver of stock values. Earnings do.

Tax 105

Tax income tax Government tax return 105

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. That’s why many accountants are embracing the profitable shift to tax advisory services. That’s why many accountants are embracing the profitable shift to tax advisory services.

Tax 98

Tax tax return income tax audit 98

SchoolofBookkeeping

AUGUST 3, 2022

In an email sent August 2, 2022 to much of the accountant community, Ted Callahan , Intuit's Accountant leader itemized out some changes to for the Desktop lineup beginning soon. Our Take: We were made aware of impending changes to Desktop Pricing in May. QuickBooks Desktop Pricing Changes. Introduction.

quickbooks 98

quickbooks payroll Account accountant 98

Mark Lee

NOVEMBER 14, 2023

This week I have decided to highlight some analogies and related business development lessons for accountants, inspired by the show. Just like species evolve to survive, accounting firms must, over time, adapt their strategies for success. Struggling mens’ shoes manufacturer, Price and Sons, is about to close.

Account 93

Account accountant accounted Manufacturing 93

ThomsonReuters

MARCH 13, 2023

More recently, in April 2022, New Mountain Capital announced a majority investment in professional services firms Citrin Cooperman.  These investments marked a notable transformation in the profession, with the realization among private equity firms that investing in large accounting firms can yield great returns.

Technology 59

Technology accounting firms Tax audit 59

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients?

Account 88

Account accountant accounted tax return 88

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Know property investment accounting regulations and taxes To swim well, you need to know the strokes, and how to navigate the water. Your primary residence is usually exempt.

Account 95

Account accountant accounted accounting and finance 95

PASBA

SEPTEMBER 25, 2019

The competition for accounting clients can be as intense as in any other industry. Talk to your clients and others in the industry to find out what they really expect of their accountant and what would make them most likely to leave for a competitor or stay with your firm indefinitely. The answers might surprise you.

Account 104

Account accountant accounted accounting firms 104

Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. You pick the date that makes the most sense for you and your accounting firm.

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

Ryan Lazanis

SEPTEMBER 19, 2023

In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. If you just talk about yourself, your values, etc., Let’s go! you are not advancing the sale.

Account 98

Account accountant accounted bookkeeping 98

ThomsonReuters

NOVEMBER 8, 2022

How is accounting automated? Accounting automation involves streamlining accounting processes and standardizing tax inputs and workflows using technology. At face-value, automating accounting can be a scary thought: robots can do it better? How do I automate accounting? Improve firm value.

Technology 80

Technology tax return Account accountant 80

ThomsonReuters

JULY 6, 2023

Are you an accountant looking to break into the exciting world of mergers and acquisitions (M&A) advisory services? M&A advisors also specialize in structuring deals to maximize value while minimizing risk. Why should accountants get into M&A advisory?

Legal 52

Legal Tax Start-ups Construction 52

Acterys

FEBRUARY 3, 2023

In the previous blog, we learned what inventory planning is , why it is important, and some of the most common challenges to resolve while developing an inventory plan. Deterministic demand forecasting outputs a single demand value and is tied to the assumption that future demand is stable and predictable based on historical data and trends.

Manufacturing 130

Manufacturing Sales Start-ups Retail 130

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. In this blog post you’ll learn what it takes. Stop trying to sell Accountants don’t like to feel as they need to be salespeople. double glazing and life assurance.

Non-Profits 98

Non-Profits Account accountant accounted 98

Basis 365

AUGUST 29, 2023

This blog will help business owners choose the best-outsourced bookkeeping service by highlighting important factors like industry experience, service offering, reputation, integration of technology, and testimonials from clients. A provider who values communication and is easily accessible will facilitate a seamless collaboration.

bookkeeping services 52

bookkeeping services bookkeeping Technology payroll 52

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

FEBRUARY 15, 2024

In a way, tax and accounting professionals can attain their goals with artificial intelligence. For accounting professionals, there is a shift in the industry to providing more advisory services to clients. Jump to: Enabling the growth opportunity Tax planning with AI AI presents no shortage of opportunities.

tax planning 52

tax planning Tax accounting and finance Account 52

ThomsonReuters

AUGUST 25, 2023

Unlike how other expenses are recorded, this method deducts a portion of the cost of a fixed asset over a number of years due to declines in the fair value of that asset. Book depreciation, which is also known as accounting depreciation, is the amount recorded in a business’s financial statement for a fixed asset (i.e.,

Tax 52

Tax tax return accounting principles Account 52

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. Is your firm among them? Building a sense of community is invaluable.

tax preparation 75

tax preparation tax planning Tax CPA 75

Xero

JANUARY 14, 2024

We could see smaller, more efficient versions of generative AI tools deployed at a lower cost to a wider use base. In 2024, market consolidation will play into the pricing of AI tools as these big companies start to explore how they can recover the costs and monetise the technology.

Technology 86

Technology Manufacturing Start-ups Account 86

ThomsonReuters

MARCH 17, 2022

Cryptocurrency investments are highly speculative and subject to extreme price volatility, which may be especially harmful for participants approaching retirement or those who allocate substantial portions of their accounts to cryptocurrency. Contributing Editors: EBIA Staff.

Tax 98

Tax Account accountant accounted 98

ThomsonReuters

APRIL 15, 2022

Focusing on a specific niche rather than trying to accommodate the needs of every business could help your accounting firm better serve its clients. In this episode of Pulse of the Practice , Paul Miller, Owner of Business By Design , and I are joined by Rachel Clark, Client Director at All About Accounting. Finding your niche.

Account 98

Account accountant accounted Real Estate 98

Xero

JULY 21, 2022

This secure online portal allows clients to easily view, download, electronically sign and return documents to their accountant or bookkeeper — all in one secure, accessible place. This fantastic new feature will be available to all our UK accounting and bookkeeping partners in October this year.

bookkeeping 76

bookkeeping tax return Tax financial statements 76

ThomsonReuters

AUGUST 25, 2023

You can calculate the depreciation by deducting the value of the land and dividing the remainder by 27.5 Let’s assume the value of the land is $100,000. In this case, the calculation would be: $400,000 (purchase price) – $100,000 (land value) = $300,000 (building value) $300,000 (building value) / 27.5

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

SEPTEMBER 25, 2023

The report is based on a survey of 1,200 professionals from North and South America and the UK. Some tax professionals within firms worry that they will not be able to achieve the price reductions that clients hope AI’s efficiency savings will bring.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

APRIL 4, 2022

Whether you’ve read about it in industry publications, heard about it at trade conferences or discussed it with your peers, you know that more and more firms are shifting away from compliance-based practices in favor of higher-value advisory services. You see the value in investing in the solution, but will your boss?

tax preparation 97

tax preparation Tax accounting and finance Education 97

ThomsonReuters

JULY 2, 2021

How to shift your mindset from accountant to business owner. You’ve made the leap from staff accountant to small firm owner. By eliminating billable hours and moving to value pricing, you can strengthen the dynamic of the client relationship and lay out a clear scope of engagement. You did it. Build a firm foundation.

Account 52

Account accountant accounted tax return 52

AdviceForTaxpreparers

JULY 29, 2019

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. Accounting Jokes, Videos, Puns and Humor. If you are going to be an accountant then you have to be able to laugh at yourself. Accounting and CPA Puns. Short Accounting and CPA Jokes. Famous Accounting Quotes. Miscellaneous.

tax preparation 212

tax preparation Account accountant accounted 212

ThomsonReuters

JANUARY 31, 2022

“It’s moving from (a focus on) pricing and transactional relationships to much more of a holistic business strategy,” she said. This requires transparency and shared values between a company and its vendors. Our employees want to understand what’s going on and feel confident that the company aligns with their values.

Technology 98

Technology Government Tax Account 98

ThomsonReuters

FEBRUARY 28, 2023

Working as an accountant is undoubtedly a rewarding experience, but it’s not without its challenges, especially during the height of tax season. From streamlining processes to communicating with clients to firm management, here are five steps to de-stress accounting this tax season and beyond. Learn your tools inside and out.

Account 59

Account accountant accounted Technology 59

PYMNTS

JANUARY 22, 2021

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.

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B2B Expense Reimbursements Technology Expense Management 81