Withum

FEBRUARY 7, 2023

This is the 1,058 th blog I have posted in the last 11 years. My first blog was posted on February 7, 2012, and it seems like a long time ago and also seems like yesterday. Time flies when you enjoy what you are doing and also when you are engaged in new things. In particular, my blog about Dr. Martin Luther King Jr.

public accounting 59

public accounting Start-ups Account accountant 59

CPA Practice

MAY 18, 2023

From the Thomson Reuters Tax & Accounting Blog. Working in the tax and accounting industry can be a stressful job. That’s why it’s important for both tax and accounting professionals and their firms to take steps to protect their mental health. How can technology help accountants’ mental health?

Technology 98

Technology Account accountant accounted 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

FEBRUARY 1, 2024

The bill also addresses the treatment of business interest expense, bonus depreciation, and research and experimental costs. Blog post Understanding the Tax Relief for American Families and Workers Act of 2024 This legislation is designed to provide crucial support to American job creators, small businesses, and working families.

Tax 98

Tax Ohio accounting and finance Finance 98

ThomsonReuters

FEBRUARY 1, 2024

The bill also addresses the treatment of business interest expense, bonus depreciation, and research and experimental costs. Blog post Understanding the Tax Relief for American Families and Workers Act of 2024 This legislation is designed to provide crucial support to American job creators, small businesses, and working families.

Tax 98

Tax Ohio accounting and finance Finance 98

ThomsonReuters

NOVEMBER 30, 2023

Jump to: What does “authentic” mean? An NPR article on the announcement raises a number of interesting points on why “authentic” became popular this year. An NPR article on the announcement raises a number of interesting points on why “authentic” became popular this year. What does “authentic” mean? The winner?

Tax 98

Tax accounting firms Account accountant 98

CPA Practice

APRIL 11, 2023

This article first appeared on the Thomson Reuters blog.] Today, a growing number of private equity investors are entering the accounting market as they’ve discovered that investing in accounting firms can yield great returns. Accounting firms looking to attract investors should ensure their tech stack is up to date.

Technology 105

Technology accounting firms tax return Tax 105

Xero

SEPTEMBER 25, 2023

This guest blog was written by the team at the leading bank payment solution, GoCardless. With interest rates at the highest level since 2012 in Australia and costs rising across the board, it can feel like the macro environment is designed to dent you and your clients’ businesses. They integrated GoCardless through their Xero account.

Account 88

Account accountant accounted Start-ups 88

ThomsonReuters

JULY 6, 2023

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. But what accounting advisory services should your firm offer?

Account 98

Account accountant accounted tax return 98

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. You’ll realise what you’ve done and said that has helped some prospects to become clients.

Non-Profits 98

Non-Profits Account accountant accounted 98

CPA Practice

SEPTEMBER 12, 2023

If you aren’t sure what they might be, review your website’s keyword search terms or page views to learn visitors like. You could send a client survey to identify what they are interested in. For example, I asked Google, “What keeps mid-sized company owners up at night?” Try to create three to five topics at most.

cpa firm 115

cpa firm CPA accounting and finance cpas 115

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. Qualified student respondents were between the ages of 18 and 60, with 90% of them age 30 or younger.

CPA 86

CPA cpas Education Minnesota 86

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

OCTOBER 19, 2023

The law was largely ignored by accounting professionals at first. Companies are looking for more information on the Corporate Transparency Act, how it affects their operations, and what the details of the reporting requirements are. Who does the Corporate Transparency Act affect? Who needs to file?

Non-Profits 111

Non-Profits Tax accounting firms Account 111

ThomsonReuters

APRIL 25, 2024

When it comes to navigating the tax landscape of 401(k) contributions and withdrawals, it’s important for accountants to stay informed and help clients make tax-efficient decisions during their retirement years. What are some 401(k) tax benefits? What is the 401(k) tax limit? Jump to: Is a 401(k) pre-tax? How is a 401(k) taxed?

Tax 52

Tax income tax tax preparation Account 52

Going Concern

MARCH 11, 2024

The 96th annual Academy Awards went off seemingly without a hitch last night but we’re not here to talk about that because this isn’t a movie blog and I haven’t seen Oppenheimer. "If they were my accountant, I would fire them." And he did it in front of 33 million people. .” And brutal. "If

Start-ups 111

Start-ups public accounting Gaming Account 111

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

FEBRUARY 9, 2024

In this blog, we will dive into the details of four notable tax laws that have been introduced into legislation and deserve our attention. What does this mean for my firm? What does this mean for my firm? However, amidst this spotlight, there are other tax proposals quietly gaining momentum.

Tax 110

Tax tax return Technology income tax 110

ThomsonReuters

MARCH 5, 2024

Jump to: What is Form 1042 and who must file? What information is needed to file Form 1042? What are the new changes to 1042 filing requirements? Therefore, it is important to have a clearer understanding of Form 1042 and what is required. What is Form 1042 and who must file? When is Form 1042 due?

Account 52

Account accountant accounted Tax 52

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? Recording expenses and preparing financial reports.

Account 59

Account accountant accounted tax preparation 59

Mark Lee

NOVEMBER 21, 2023

One of the strangest things I hear about from accountants are how many clients they have who R eject, A void and S hun H elp. Now though increasing numbers of accountants are identifying RASH clients. It’s where I often recommend accountants focus their attention. Every accountant has some of these.

Account 94

Account accountant accounted Tax 94

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

Xero

APRIL 9, 2024

But what is productivity exactly (hint: it’s not about working longer hours), and how can you lift it in your small business or practice? What is small business productivity? What does this mean for your business? It’s usually measured using the dollar-value of outputs per hour worked or per employee.

Technology 85

Technology bookkeeping Sales Government 85

CPA Practice

MAY 10, 2023

It will ensure that dispensaries are paying a fair amount of taxes by taking into account critical business expenditures and allowing these deductions from their income.” Stacey Udell, an accountant at HBK Valuation with many clients in New Jersey’s nascent legal market, said the new law will offer much needed relief. Visit nj.com.

New Jersey 135

New Jersey Tax income tax Legal 135

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. It’s all about the data.

Tax 101

Tax Account accountant accounted 101

ThomsonReuters

NOVEMBER 14, 2023

But what if you want to express a deeper level of gratitude at work? ” Tell them what you appreciate and why. Interested in more wellness information? Check out our self-care blog series to learn more about actionable strategies on how to take care of yourself through the busy tax season and throughout the year.

Tax 75

Tax business tax Account accountant 75

ThomsonReuters

OCTOBER 19, 2023

Jump to: What is amortization of a bond? How to calculate bond amortization What is a sinking fund? In this article, we’ll explore what bond amortization means, how to calculate it, and more. What is amortization of a bond? What are the benefits of bond amortization? Are bonds payable amortized?

auditor 52

auditor Tax accounting and finance Account 52

ThomsonReuters

JULY 25, 2023

Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be. And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. –

Technology 93

Technology Tax audit Sales 93

CPA Practice

DECEMBER 3, 2023

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? What should our brand name and logo convey?

accounting firms 125

accounting firms Account accountant accounted 125

ThomsonReuters

OCTOBER 31, 2023

Jump to: What is depletion expense? What is depletion expense? In accounting, the depletion deduction enables an owner or operator to account for the reduction of the mineral property’s value or basis as a result of the extraction of those natural resources. Who can claim depletion expenses?

Tax 59

Tax tax preparation Legal Account 59

ThomsonReuters

FEBRUARY 29, 2024

Jump to: What is the AICPA Code of Professional Conduct? AICPA Code of Professional Conduct summary AICPA Code of Conduct citations Why should accountants follow the Code of Professional Conduct? Ten years later, in 1917, the American Institute of Accountants issued the earliest “official” version of the Code.

Account 52

Account accountant accounted cpas 52

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.

Account 92

Account accountant accounted tax return 92

ThomsonReuters

JULY 21, 2022

under COBRA or USERRA), (3) health plan coverage while the HSA account holder is receiving unemployment compensation under state or federal law, and (4) for HSA holders who are age 65 or older, any health insurance other than a Medicare supplemental policy. appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Tax 105

Tax Account accountant accounted 105

Mark Lee

JANUARY 9, 2024

Three examples help demonstrate why this is important: 1 – Low-fee clients Many accountants tell me that they have too many clients who only want to pay low fees. The leads we seek are from those people and accountants who want tax advice worth paying for. And that’s probably NOT what you really want.

Start-ups 93

Start-ups Tax Gaming Account 93

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. What’s important to keep in mind, however, is attracting and maintaining the right clients. How did your firm fare this year? That is a question firms should consider as they reflect on the tax season. Understanding your ideal client base.

accounting firms 96

accounting firms Tax Real Estate Account 96

CPA Practice

FEBRUARY 23, 2024

Rather than continuing to write and post new blog content, do you have an opportunity to revisit existing content and apply an industry or service-line slant to it? Identify the common questions your existing clients ask, and then share a piece of content (blog, video, podcast, webinar, etc.) The answer is more than likely, yes!

Account 72

Account accountant accounted cpas 72

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. Amazon, Staples) Payroll (e.g.,

Tax 52

Tax CPA bookkeeping tax preparation 52