Going Concern

MAY 18, 2023

At its core, accounting is a challenging career that requires growth and learning and can usually pay pretty well. Organizations need folks who can understand broad frameworks and rules and interpret that to produce all sorts of things they need. Apparently, organizations see accountants as expensive ditch diggers.

Account 109

Account accountant accounted cma 109

ThomsonReuters

APRIL 30, 2024

Jump to: The role of emotional intelligence (EQ) in client relationships The evolution of client service in accounting firms Leveraging technology for enhanced client service Forward-looking accountants are increasingly realizing the importance of harmonizing technical tax expertise with interpersonal relationship skills.

Technology 52

Technology accounting firms financial statements Tax 52

ThomsonReuters

JULY 6, 2023

If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. Why are so many accountants quitting?

Account 98

Account accountant accounted accounting and finance 98

ThomsonReuters

FEBRUARY 1, 2024

Jump to: What are the GAAP accounting rules? What are the main principles of the GAAP framework? What are the key differences between GAAP and IFRS? What are the GAAP rules for capitalization of costs? What are the main consolidation models under GAAP? So, what are the GAAP accounting rules?

Non-Profits 52

Non-Profits accounting standards Maine accounting and finance 52

ThomsonReuters

JUNE 9, 2023

In this blog post, we’ll provide some tips on how to ensure your firm is audit compliant and up to date with the latest industry changes. By following these steps, your firm will have a smoother audit process with fewer compliance issues — resulting in greater profitability. How do you ensure audit compliance? compatible.

audit 98

audit Non-Profits Technology auditor 98

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

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? Accounting firms face an array of challenges, such as new technologies, increased client demands, legislative changes, and staffing constraints.

cpa firm 96

cpa firm CPA Technology Tax 96

Acterys

JULY 10, 2023

In this blog post, we will explore the concept of AI within the realm of FP&A (Financial Planning and Analysis) and examine the potential benefits it offers in terms of generating valuable financial insights. However, does FP&A also play a significant role in this? The need for timely action has never been more paramount.

Gaming 130

Gaming accounting and finance accounting software Technology 130

ThomsonReuters

JANUARY 4, 2024

Automate what you can 3. Take advantage of wellness benefits The numbers are in, and they reinforce the mental health challenges facing accountants. Long hours and heavy workloads are nothing new for many accounting professionals. Here are some tips for helping accountants to reduce and manage stress: 1. Jump to: 1.

Tax 71

Tax Technology payroll tax accounting careers 71

MineralTree

FEBRUARY 15, 2024

Is your accounts payable (AP) check run holding your business back? This blog explores the intricacies of the AP check run and actionable tips to fortify your financial processes. AP automation is crucial for modern finance teams to simplify payments and reduce manual steps associated with accounts payable. Today, only 6.5%

AP Automation 78

AP Automation accounts payable Technology accounting and finance 78

ThomsonReuters

FEBRUARY 16, 2024

The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations. Further, the Global Minimum Tax (GMT) (GloBE or Organization for Economic Cooperation and Development BEPS 2.0

corporation tax 96

corporation tax Technology Tax accounting and finance 96

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. From an accountant’s perspective, the answer to this question varies depending on the source of the income and applicable tax laws. Convert to a Roth IRA.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

APRIL 18, 2023

For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. What are common payroll errors? For business owners, payroll is complex and often their greatest expense.

payroll 107

payroll payroll tax Tax audit 107

ThomsonReuters

SEPTEMBER 8, 2023

Jump to: What are the main types of business ownership? What is a C corporation? What is an S corporation? What is an LLC? Many entrepreneurs wonder what types of business ownerships are possible and how to determine which one is right for their business. What are the main types of business ownership?

income tax 75

income tax Tax Legal tax return 75

ThomsonReuters

AUGUST 2, 2023

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0.

corporation tax 98

corporation tax Tax financial statements Government 98

Acterys

FEBRUARY 22, 2023

They are responsible for supporting the financial planning and decision-making processes of an organization through data analysis and reporting. They are responsible for supporting the financial planning and decision-making processes of an organization through data analysis and reporting.

financial statements 130

financial statements accounting and finance Sales Finance 130

Shay CPA

FEBRUARY 14, 2024

Or you might be feeling stressed because you don’t know what to expect. As of the publication of this blog post changes to the rules of Section 174 are being considered in Congress with initial legislation passing in the House of Representatives. Dial in Your Accounting System You don’t need to sink a ton of hours into your accounting.

Technology 52

Technology Tax CPA accounting principles 52

PASBA

SEPTEMBER 25, 2019

The competition for accounting clients can be as intense as in any other industry. That’s why it makes sense to pay attention to client services and frequently expand or improve what your firm offers. Your accounting clients may have the mistaken idea that you can only help them at tax time. Need to raise more capital.

Account 104

Account accountant accounted accounting firms 104

ThomsonReuters

FEBRUARY 24, 2022

Finally, the court allowed the provider’s claims under the Racketeer Influenced and Corrupt Organizations Act (RICO) alleging that the plans and TPAs had engaged in a “calculated and coordinated effort to delay, deny, or reduce the recovery [the provider] could make for its COVID-19 testing services and to profit by doing so.”.

Healthcare 98

Healthcare Tax Account accountant 98

Snyder

MAY 27, 2022

When starting a business, all the paperwork and accounting may seem daunting. You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to do right now. No matter how large or small your business is, managerial accounting will help you gain profit. Contents: 1.

managerial accounting 98

managerial accounting financial accounting Account accountant 98

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. They exist to fulfill member needs, rather than to generate profit — though they can be lucrative to those involved.

Agriculture 98

Agriculture CPA Virginia Education 98

ThomsonReuters

MARCH 20, 2023

For tax and accounting firms, therein lies an opportunity. Further, the ability to assist clients with ESG compliance and audit can pull your firm even further ahead of the pack. But where should an accounting firm begin when it comes to ESG? Let’s start with the basics. What is ESG?

Tax 59

Tax Account accountant accounted 59

ThomsonReuters

OCTOBER 6, 2023

That’s because traditional methods of data collection—paper organizers, portals, and file-sharing services—are extremely inefficient. Paper organizers that firms print out and mail to clients are probably the greatest source of workload compression. Clients don’t mail them back until they’ve received all their W-2s, 1099s, K-1s, etc.,

tax preparation 64

tax preparation Tax tax return Technology 64

ThomsonReuters

JANUARY 24, 2023

Auditors who can signify their knowledge, skills, and experience in ESG-related areas can further differentiate themselves from the competition, and ultimately help drive firm profitability. What is ESG audit certification? Underscoring this point, a survey by McKinsey and Co., Underscoring this point, a survey by McKinsey and Co.,

audit 59

audit auditor Tax accounting firms 59

ThomsonReuters

FEBRUARY 14, 2022

Every tax and accounting firm is unique, so there’s really no one-size-fits-all approach to hiring. Understanding your company culture is a useful step in finding a new accountant who is the right fit for your firm. What is it you’re looking for? Company culture. Work style. Another important consideration is work style.

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Account accountant accounted accounting firms 92

ThomsonReuters

FEBRUARY 20, 2024

Jump to: What are general anti-avoidance rules (GAAR)? What is the general anti-abuse rule? What are general anti-avoidance rules (GAAR)? In other words, what is considered to be “tax avoidance” can be interpreted and defined differently by different people. How are GAAR rules applied? Does the U.S. have a GAAR?

income tax 52

income tax corporation tax Tax tax planning 52

Xero

MAY 11, 2022

We’re shining a spotlight on the Black Business and Professional Association (BBPA), a non-profit, charitable organization formed in 1983 with the goal of addressing equity and opportunity for the Black community in business, employment, education and economic development. Tell me about your business. then you’ll know Denham Jolly.

Non-Profits 80

Non-Profits Education bookkeeping Start-ups 80

Snyder

APRIL 25, 2022

Whether you’re just starting out or have been in the game for a while, good inventory management for small businesses will maximize your profits and minimize expenses. The first step is to know what’s in-and out of stock with an accurate inventory management system. You can’t manage what you don’t understand!

E-commerce 98

E-commerce Maine Manufacturing Start-ups 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

ThomsonReuters

FEBRUARY 1, 2023

Compliance is and will always be a key component of any well-run supply chain — after all, fall afoul of regulations and watch your organization pay stiff penalties, potentially risk costly delays, legal exposure, reputational damage, and even loss of trading privileges. Nor is this a trend on the decline. trillion USD in total trade.

Tax 59

Tax Manufacturing Legal Technology 59

ThomsonReuters

DECEMBER 19, 2023

Jump to: What are green taxes? Current ESG tax credits and initiatives What are the benefits of an ESG tax strategy? Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. What are green taxes? How are environmental taxes calculated?

Tax 52

Tax Account accountant accounted 52

MineralTree

MARCH 2, 2023

Keep reading to learn about these top challenges facing CFOs in 2023, as well as the steps leaders should take to prepare their organization and AP team for success. Keep reading to learn about these top challenges facing CFOs in 2023, as well as the steps leaders should take to prepare their organization and AP team for success.

AP Automation 83

AP Automation Technology accounting and finance accounts payable 83

Ronika Khanna CPA,CA

SEPTEMBER 1, 2023

I suppose it has something to do with an affinity for organization combined with a love of numbers and the innate desire to solve problems. As an accountant and financial consultant , I am often presented with the task of organizing and analysing data into a format that allows for greater insight into my clients businesses.

accounting software 73

accounting software accounting and finance tax return Start-ups 73

ThomsonReuters

DECEMBER 15, 2022

What is sustainability auditing ? So, what is sustainability auditing ? Sustainability auditing is considered a major component of a company’s business strategy as it helps ensure that a company is both sustainable and profitable. Take, for example, Walmart. Zero emissions in its own operations by 2040 .

audit 59

audit Education Maine Government 59

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

MARCH 21, 2023

Are members of your accounting team among them? It has a ripple effect across the firm, negatively impacting overall team morale, the quality of service provided to clientele, and, ultimately, the firm’s profitability. What are the root causes of disengagement? Employee engagement is on the decline.

Account 52

Account accountant accounted accounting and finance 52

ThomsonReuters

MAY 17, 2022

Beginning in 2022, third-party settlement organizations (TPSOs)), including banks and on-line payment networks (payment settlement entities (PSEs), are required to report payments of $600 or more to IRS and payees on Form 1099-K, Merchant Card and Third-Party Network Payments.

Tax 105

Tax tax return income tax Start-ups 105