Shay CPA

FEBRUARY 28, 2024

Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. That can give you and your accountant a good foundation to build on for this year. for 2024. . #1:

Tax 52

Tax CPA bookkeeping tax preparation 52

Going Concern

NOVEMBER 10, 2023

The EY Accounting Professional of the Future survey has gotten some interest around the profession since it was publicized last week, as it should due to its unique approach of tapping the thoughts and feelings of different cohorts. Additionally, of the 652 CFOs surveyed in that study, close to 45% were CPAs. That’s all great.

CPA 78

CPA cpas Education Minnesota 78

Going Concern

NOVEMBER 3, 2022

On Thursdays the official NASBA Twitter account publishes #ThursdayThoughts, usually some kind of tip or trick like last week’s advice on what to do if you are having trouble matching to your NASBA Dashboard’s CPA Portal account ( here’s the link for that if you need it). Anyone know what happened with that?

cma 90

cma CPA Account accountant 90

Nancy McClelland, LLC

APRIL 11, 2023

What does this mean? The AICPA has released a “Tax Extension FAQ” for CPA members to share with their clients. What does filing an “extension” do? • Extending your return allows you and your CPA more time to prepare your tax return to ensure the filing of an accurate tax return. . to complete your return.

Tax 98

Tax tax return CPA Illinois 98

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

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. Remember, clients always look for what’s in it for them. Let’s go! If you just talk about yourself, your values, etc.,

Account 98

Account accountant accounted bookkeeping 98

Going Concern

MAY 18, 2023

If you assumed the plan would revolve around an aggressive effort to bully firms into paying people what they’re worth, you’d be wrong. As the largest national body for the accounting profession, the AICPA is uniquely positioned to channel ideas into action and mobilize efforts in a coordinated way to achieve success.

Account 72

Account accountant accounted CPA 72

DuctTapeMarketing

JULY 14, 2018

Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Handle payments and manage accounts payable. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises.

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bookkeeping accounting and finance accounting software bookkeeping services 238

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

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

CPA Practice

APRIL 24, 2023

Field of Study: Accounting Receive 1 hour of free CPE credit for participating in this live webcast. Gail Perry , CPA, is the editor-in-chief of CPA Practice Advisor. A veteran of accounting journalism, she also speaks at many accounting events, trade shows, and webinars.

Technology 80

Technology AP Processes Indiana CPA 80

Nancy McClelland, LLC

APRIL 7, 2023

Everyone who reads my blog or works with me knows I’m a vocal proponent of the cooperative structure as a sustainable and enriching alternative to classic shareholder business models. That’s why the work that the National Society of Accountants for Cooperatives is essential. You don’t want to miss this class.

Agriculture 98

Agriculture CPA Virginia Education 98

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? Working with external auditors.

Account 59

Account accountant accounted tax preparation 59

Nancy McClelland, LLC

FEBRUARY 17, 2023

I’m very proud to again be partnering with the National Society of Accountants for Cooperatives (NSAC) to offer an entertaining and educational upcoming webinar, “ Hippie Co-ops? We will explore these three co-op types and learn to recognize what they have in common with other co-ops, as well as explain the differences.

Account 98

Account accountant accounted Entertainment 98

CPA Practice

DECEMBER 19, 2023

Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. Of course, to stay in demand, finance and accounting pros will need to ensure that they maintain relevant skills, especially when it comes to working with generative AI.

accounting and finance 121

accounting and finance Finance Account accountant 121

ThomsonReuters

MAY 4, 2023

For CPA firms, having clear expectations and boundaries with their clients can help avoid misunderstandings, scope creep, and other potential risks. CPA firms should pay close attention to any signs that suggest they may be lacking in client scope. A common problem experienced by CPA firms who lack in client scope is scope creep.

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cpa firm CPA cpas payroll 96

Going Concern

MAY 18, 2023

At its core, accounting is a challenging career that requires growth and learning and can usually pay pretty well. Even better, because it’s a challenging job that requires lots of training and experience, the supply of good accountants is never high enough to meet demand. So far, so good. So, the pay should be good, too, right?

Account 103

Account accountant accounted cma 103

ThomsonReuters

JUNE 15, 2021

Starting your own CPA firm may seem like a distant fantasy, but with barriers to entry lower than they’ve ever been, it could be closer than you think. Most small CPA firm owners have years of experience working for larger firms and find themselves wanting to utilize that experience to serve clients in their own way.

cpa firm 98

cpa firm tax return CPA Non-Profits 98

ThomsonReuters

MARCH 21, 2023

But, what just happened was that you gave away your knowledge and expertise for free—expertise that you can and should be paid for when clients ask for advice that falls outside the scope of work you have been hired to do. It’s probably happened to you before. You probably answered it without even giving it a second thought.

CPA 97

CPA Tax tax return accounting firms 97

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

ThomsonReuters

JANUARY 16, 2024

Jump to: What is wellness? Why is overall accountant wellness important? Making occupational wellness a priority Tax and accounting professionals are known for working hard, especially during tax season. What is wellness? Why is overall accountant wellness important? How is wellness different from health?

Tax 52

Tax Account accountant accounted 52

CPA Practice

DECEMBER 3, 2023

What is our unique value proposition? What is our unique value proposition? Identifying what sets the firm apart from competitors is crucial. This could be a specialization in a certain area of accounting, exceptional customer service, innovative technology usage, etc. What brand personality do we want to project?

accounting firms 125

accounting firms Account accountant accounted 125

Going Concern

MAY 30, 2023

FT dropped this over the weekend : Candidate numbers for US accountancy exams drop to lowest in 17 years New figures from the American Institute of Certified Public Accountants showed the shortage of CPA candidates that has plagued the profession in recent years worsened in 2022, dashing hopes for a quick rebound from the pandemic.

CPA 77

CPA institute of chartered accountants Government chartered accountant 77

ThomsonReuters

MAY 24, 2021

From a small CPA firm perspective, the intensity of the workload during this extended tax season is like nothing we’ve seen before, compounding already heightened stress levels. , it’s time to take a step back and find ways to support our collective mental health. Invest in wellbeing. Your emotions come up during the day,” says Amber.

cpa firm 98

cpa firm CPA tax return Tax 98

Nancy McClelland, LLC

MARCH 22, 2024

However, IRS Commissioner Werfel explained the rationale behind this decision, as reported by Journal of Accountancy : “We could not stand idly by as small businesses were being taken advantage of by promoters trying to get hefty fees,” he said. Considering that more than 3.6 billion of potentially fraudulent ERC claims.

Tax 52

Tax tax preparation CPA audit 52

Shay CPA

FEBRUARY 15, 2023

Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. That can give you and your accountant a good foundation to build on for this year.

Tax 52

Tax CPA bookkeeping tax preparation 52

ThomsonReuters

JUNE 16, 2023

The accounting profession is in the midst of a transformation, and firms must ensure they are upskilling their accountants to remain competitive and keep pace. This article will explore how current technology can help accountants find the time they need to broaden their skillsets and further propel their career.

Account 98

Account accountant accounted Technology 98

ThomsonReuters

FEBRUARY 27, 2024

Sandy Heit’s path to owning her own accounting firm was a bit unconventional — and ultimately involved her love for photography. She pursued accounting due to a combination of a love for math and heeding her mother’s advice to have a stable job. Owning a business provided many lessons which she would utilize in her life to come.

cpa firm 52

cpa firm accounting firms accounting careers CPA 52

ThomsonReuters

DECEMBER 17, 2020

With the recent rash of public company fraud issues that were missed both internally and by external auditors, there has been a lot of negative news coverage for the accounting industry. But what does this mean for small CPA firms who don’t perform audits? How public company fraud affects the small CPA firm.

cpa firm 95

cpa firm CPA audit auditor 95

Xero

JUNE 1, 2022

We recently hosted our US Xero Partner Advisory Council (XPAC) meeting in Denver to hear from our valued accounting and bookkeeping partners about what matters most to them. Our XPAC members provide crucial insights and advice, and help inform us on the issues and challenges they’re seeing in the accounting industry.

bookkeeping 96

bookkeeping accounting software CPA business tax 96

Shay CPA

MARCH 16, 2023

Akshay Shrimanker, our Founder and CEO, recently joined Blake Oliver, David Leary, and a panel of other accounting experts (Mike Moiśe CPA, Matthew May CPA, and Reynaldo Arellano CPA) on a special episode of the Cloud Accounting Podcast. Account reconciliation starts now. Set up alternative bank accounts.

Technology 52

Technology CPA accounting and finance accounts payable 52

TaxConnex

APRIL 20, 2021

And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. Either those that they’ve hired internally or the trusted CPA firm they’ve utilized for years. This time of year, everybody’s mind is on income tax preparation. They turn to experts.

Sales 139

Sales Tax tax return income tax 139

ThomsonReuters

APRIL 15, 2021

Tax and accounting firms are uniquely positioned to be strategic advisors and service providers for their clients—but CPA firms must evolve, too. Tax and accounting firms can serve as a consultant for clients working through their path toward modernization. Marketplaces are becoming tighter and competition fiercer.

cpa firm 96

cpa firm accounting and finance CPA audit 96

ThomsonReuters

MARCH 26, 2021

Now that tax season is in full swing for many practitioners, you may find yourself questioning if this is the right time to break off and explore starting your own CPA firm. Together, we discuss career paths and the best advice for those looking to rise to individual success within the tax and accounting profession.

cpa firm 98

cpa firm CPA Non-Profits Start-ups 98

ThomsonReuters

FEBRUARY 5, 2024

The accounting profession is currently navigating through a transformative era. The first step is understanding what people want , which varies from individual to individual. The work of accounting professionals has meaning and purpose, but we need to do a better job of articulating it. Professional development opportunities.

Technology 40

Technology Tax cpa firm audit 40

RitaKeller

MARCH 21, 2023

I have observed that CPAs often struggle with these three things: The ability to speak I have seen equity owners in a CPA firm remain silent in important meetings and during importation discussions. Sure, many accountants are introverts, and that is okay. Your tax partner(s) should often appear in your local business newspaper.

cpa firm 40

cpa firm cpas CPA Education 40

ThomsonReuters

OCTOBER 4, 2023

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

accounting firms 111

accounting firms Account accountant accounted 111