ThomsonReuters

JULY 6, 2023

As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. From advising on mergers and acquisitions to specializing in accounting and advisory in your clients’ specific industry, there are many ways to take advantage of this unique opportunity.

accounting firms 98

accounting firms Account accountant accounted 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

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. But where do you start?

Account 98

Account accountant accounted accounting and finance 98

ThomsonReuters

DECEMBER 8, 2023

This allows auditors to focus on more complex and strategic aspects of their work, such as interpreting results and providing experience-based insights to clients. What are the benefits of Assisted Decision Making? What are the benefits of Assisted Decision Making?

audit 98

audit auditor financial statements Technology 98

ThomsonReuters

JUNE 16, 2023

Many of today’s tax and accounting practices are struggling with strained firm capabilities. Unfortunately, this is impacting employees’ work-life balance and resulting in staff burnout. Based on the findings, the top challenge for accountants is recruitment/retention, at 36 percent. What is firm capability?

accounting firms 98

accounting firms Account accountant accounted 98

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

OCTOBER 1, 2023

As a small business or advisor working with sensitive personal and financial information every day, the stakes are high. What are they looking for? They don’t care what they damage they do, or who they hurt along the way. Cyber criminals steal this data by gaining control of the accounts that access it. Who are they?

Start-ups 112

Start-ups Account accountant accounted 112

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. Consider pension and annuity payments.

Tax 52

Tax Account accountant accounted 52

Xero

OCTOBER 5, 2022

Small business lending, and in fact lending in general, has had a lot of recent focus – through the Royal Commission, the government support initiatives during COVID-19, RBA rate changes and the work of the Small Business Ombudsman. . Ask yourself, if I was a lender, what would I focus on?” Improve your chances of success .

Finance 80

Finance bookkeeping accounting and finance Government 80

Airbase

DECEMBER 5, 2023

This blog explores the critical importance of these reports, delving into how they contribute to financial transparency, regulatory compliance, and the overall efficiency of business operations. Table of Contents FirstHeading What is expense reporting? Schedule a demo What is expense reporting? Types of expense reports.

Approval Workflows 130

Approval Workflows Expense Management Entertainment Technology 130

ThomsonReuters

FEBRUARY 24, 2023

This is due, in part, to a growing number of private equity firms entering the accounting market. As Allan D. Koltin, CEO of Koltin Consulting Group, explained, private equity firms perceive accounting firms as being low risk, high reward. How does integrated technology make firms attractive to buyers or venture capital?

accounting firms 59

accounting firms Account accountant accounted 59

Xero

SEPTEMBER 1, 2022

One of the greatest challenges for small businesses is accessing capital when they need it most. My experience has shown this is a complex problem to solve and one I believe businesses, accountants and lenders must all solve together. What this did from a lending perspective is very interesting,” said Katrin.

Finance 86

Finance bookkeeping accounting and finance Non-Profits 86

ThomsonReuters

MARCH 25, 2024

Section 174 Capitalization of the Tax Cuts and Jobs Act (TCJA) has created confusion for many corporate tax specialists to work through in the coming months. TCJA changed how research and development expenses are treated for tax purposes, requiring taxpayers to capitalize and amortize those expenses over different time periods.

Tax 45

Tax Technology audit corporation tax 45

ThomsonReuters

AUGUST 25, 2023

Jump to: What is tax depreciation on rental property? What are the depreciation systems? What is tax depreciation on rental property? What are the depreciation systems? How is depreciation taxed on the sale of rental property? How do you avoid depreciation recapture tax on rental property?

Tax 52

Tax Account accountant accounted 52

Xero

NOVEMBER 23, 2022

What an incredible day it was, meeting the more than 750 accountants and bookkeepers who showed up to engage with the community, share their knowledge and expertise. Adopt cloud accounting. The launch of our latest lending integration with DBS making it simpler and easier for SMEs to apply for working capital loans.

bookkeeping 80

bookkeeping Education accounting and finance payroll 80

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

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

ThomsonReuters

DECEMBER 11, 2023

Jump to: What is the proportional amortization method? What are LIHTC investments? What conditions must be met to apply the proportional amortization method? What is the proportional amortization method? What are LIHTC investments? 15, 2024, including interim periods within those fiscal years.

income tax 52

income tax accounting standards Non-Profits accounting and finance 52

ThomsonReuters

FEBRUARY 23, 2023

A scope agreement means clearly explaining the scope of services — what is included and what is not. When firms are able to stay within the scope of services, it enables them to reduce waste, increase revenues, and avoid what is commonly known as scope creep. What’s the best way to work together (i.e.,

Tax 105

Tax Expense Reimbursements Education Account 105

Xero

AUGUST 21, 2023

This year’s US Roadshows were nothing short of inspiring, with accounting, bookkeeping and app partners showing up from all over the country to attend our events in Austin, Atlanta and Los Angeles. At the event, we shared a first look of what the new experience will look like. Here are a few of the highlights.

bookkeeping 76

bookkeeping Non-Profits Technology Tax 76

ThomsonReuters

FEBRUARY 23, 2023

A scope agreement means clearly explaining the scope of services — what is included and what is not. When firms are able to stay within the scope of services, it enables them to reduce waste, increase revenues, and avoid what is commonly known as scope creep. What’s the best way to work together (i.e.,

Tax 98

Tax Expense Reimbursements Education Account 98

ThomsonReuters

APRIL 23, 2021

In 2020, tax and accounting professionals found themselves amid a major disruption in their daily firm life. Paul Miller saw the potential impact of the COVID-19 pandemic on the work environment early as he saw the virus play out in other parts of the world. It just doesn’t work.”. They hate seeing that, but it’s the truth.”.

CPA 105

CPA cpa firm Tax tax return 105

Inform Accounting

JULY 25, 2023

The main residence exemption applies for capital gains tax purposes to the extent that a property is used as the taxpayer’s only or main residence. The gain relating to the business part is liable to capital gains tax. However, the capital gains tax annual exempt amount is being reduced and this may cause problems.

Maine 52

Maine Tax Sales Account 52

ThomsonReuters

JUNE 15, 2023

Increased focus on ESG There are a number of issues and challenges around ESG that tax and accounting firms need to consider. Auditors are having to expand the scope of their work as ESG is increasingly under the scrutiny of stakeholders and investors. Here is a brief summary of the top five: 1.

audit 96

audit auditor Education Tax 96

Inform Accounting

APRIL 21, 2022

Properties need to be maintained, and it is easier to undertake any work that may need doing, such as redecoration, while the property is empty. If the accounts are prepared using the cash basis, capital expenditure may also be deductible in accordance with the cash basis capital expenditure rules. Empty periods.

tax planning 52

tax planning tax return Tax Government 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. What are their challenges?

tax return 97

tax return Tax Account accountant 97

ThomsonReuters

APRIL 23, 2021

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. Paul Miller’s path into tax and accounting started different than most because it didn’t start in the industry. “I

accounting firms 98

accounting firms Tax Account accountant 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

MARCH 13, 2023

”   Just a few months later, Lightyear Capital announced that it was buying into Schellman & Co., 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

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

CPA Practice

JULY 21, 2023

Today, they account for 99.9% Many are willing to trade higher salaries to work with companies interested in greener practices. Rather than starting from scratch, spend time evaluating what your biggest competitors are doing. If you don’t have access to capital to purchase solar panels outright, you could lease them instead.

Washington 98

Washington accounting and finance Start-ups Finance 98

PYMNTS

DECEMBER 4, 2020

Plus, SellersFunding expands its solution across borders and Penta expands its accounting offering. SellersFunding Expands Working Capital Services To Canada, UK, EU. SellersFunding works with a turnkey service for big companies, including Amazon , Shopify and Magento , the release stated. Intuit Closes $8.1

B2B 61

B2B tax preparation accounting and finance Tax 61

Cheap Accounting

AUGUST 31, 2023

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Keep receipts and invoices then record the amounts spent in the accounts. Sole Trader By far the simplest of structures is that of a sole trader; a self-employed person working on their own.

Start-ups 75

Start-ups Account accountant accounted 75

SchoolofBookkeeping

APRIL 17, 2023

Intuit recently released a study highlighting the ways that accounting firms are embracing technology to transform their operations. Nearly 90% of Accountants Expect Technology to Drive their Firms' Growth in 2023, according to Intuit QuickBooks Survey Read the full press release below.

Technology 52

Technology quickbooks accounting firms Account 52

Acterys

FEBRUARY 22, 2023

In this blog, we look at three main reporting types that FP&A teams must use to monitor the financial health and performance of a business. FP&A teams are responsible for creating financial statements at the end of the accounting cycle. Here are some examples of financial statements: 1. Cash Flow Report in Acterys 4.

financial statements 130

financial statements accounting and finance Sales Finance 130

Withum

SEPTEMBER 8, 2022

Without some form of independent assurance, capital acquisition would be delayed, made more cumbersome, and there would be added due diligence costs. That is what my students will be doing, each using a different company’s report. The independent registered public accounting firm’s report is the only thing the firm does.

accounting principles 119

accounting principles auditor audit financial statements 119

Xero

SEPTEMBER 20, 2023

The judges represent small businesses, accountants and bookkeepers and Xero’s global partners. We spoke to the global judges to share more about why they were inspired to become a judge and to learn more about what they are most looking forward to seeing as part of this year’s entries.

small business accounting 101

small business accounting bookkeeping business accounting Gaming 101