ThomsonReuters

FEBRUARY 15, 2024

Jump to: Enabling the growth opportunity Tax planning with AI AI presents no shortage of opportunities. 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.

tax planning 52

tax planning Tax accounting and finance Account 52

ThomsonReuters

JANUARY 9, 2024

Setting up your business as a C corporation (C corp) has many benefits, including greater ownership flexibility and more growth potential than an S corporation (S corp) or a Limited Liability Company (LLC). In any case, dividends from a C corp are reported on Form 1099-DIV , and these forms are due each year on Mar.

corporation tax 52

corporation tax Tax income tax Non-Profits 52

xendoo

MARCH 17, 2022

In this blog post, we will discuss how online bookkeeping works and how it is crucial to business growth! Historically, small business owners would partner with a local accounting firm, hire an in-house bookkeeper, or do the bookkeeping themselves with a calculator, pencil, and paper. . Going Digital.

bookkeeping 98

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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

DECEMBER 22, 2023

2: Effective risk reduction strategies for today’s corporate tax departments In the past five years, tax departments have experienced resource strain, increasing the risk of audits and penalties. Register now, and join us on this exciting journey of innovation and growth in the world of tax management. REGISTER NOW!

Tax 52

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Acterys

FEBRUARY 7, 2023

In this blog, we bring everything together by reviewing the step-by-step process that companies can adopt to lay out a plan that is most suitable for their requirements. For example, your business might have experienced an increase in sales last year when you hired more staff members to assist customers in physical stores.

Maine 130

Maine Sales Manufacturing audit 130

Xero

JUNE 16, 2022

As we look towards the new financial year, it’s the perfect time to reflect on what’s needed to make FY23 the best year yet for your business. Our Xero Small Business Insights report shows embracing digital tools can help small businesses accelerate their growth. . Here’s how apps can help make FY23 be your best year yet. .

Technology 118

Technology accounts payable Manufacturing Tax 118

Snyder

MAY 4, 2022

Unlike typical economics, which focuses on various variables throughout the marketplace, unit economics focuses on analyzing a company’s performance and forecasting future growth on a per-unit level. It becomes possible to forecast revenue and costs for a quarter or even a year. Contents: 1. Unit economics overview. User as a unit.

Manufacturing 52

Manufacturing Sales Account accountant 52

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

Tax 102

Tax tax preparation bookkeeping bookkeeping services 102

Acterys

JUNE 16, 2023

In this blog, we will delve into the world of financial budgeting, planning, and forecasting and provide practical tips and strategies to take control of your business’s financial health. For example, if you aim to launch a product by the end of the year, you should build your budget to ensure you have enough funds to facilitate that launch.

Finance 130

Finance accounting and finance Sales Start-ups 130

Snyder

MAY 27, 2022

When starting a business, all the paperwork and accounting may seem daunting. To achieve your goals, you’ll need to prepare numerous reports, establish, evaluate, and strengthen external partnerships that generate new growth, create a strategic mapping to increase confidence in your actions, and the list goes on! Contents: 1.

managerial accounting 98

managerial accounting financial accounting Account accountant 98

ThomsonReuters

MAY 6, 2022

But, any mid-year regulatory changes will not be included in the exam. Department of Labor regulations, record retention, federal payroll tax forms, payroll systems, and accounting. CPP for professional growth. Mr. Paillie said that he took the exam a number of years ago. On the radar for this year’s exam.

payroll 95

payroll income tax Agriculture payroll tax 95

ThomsonReuters

SEPTEMBER 19, 2023

With the recent release of tools like ChatGPT , apprehensions about job security are growing among many professionals, including those in the tax and accounting space. But, if we think back to several years ago, tax software solutions that streamlined an accountant’s workflow begged the same question: will technology replace my job?

Technology 52

Technology Tax tax preparation tax return 52

ThomsonReuters

APRIL 18, 2023

For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms. The FLSA requires that employers keep records for at least three years.

payroll 107

payroll payroll tax Tax audit 107

ThomsonReuters

APRIL 25, 2023

over the last year, which was the smallest increase since the period ending May 2021. Other regions are only measured twice a year or annually. “We do expect inflation to ease or slow down this year,” Nash-Stacey noted. tax on workers’ wages earned each year up to that year’s wage base.

payroll 59

payroll income tax Tax California 59

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.

financial statements 130

financial statements accounting and finance Sales Finance 130

ThomsonReuters

MAY 7, 2021

Preparing tax packages prior to year-end requires significant time and investment from all team members. There’s no time for process waste, outdated spreadsheets, or calculation errors. By doing robust scenario planning, you can help the C-suite make the best decisions for corporate growth and profitability.

corporation tax 81

corporation tax Tax Technology tax planning 81

inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Holding back your growth. Holding back your growth. What Makes Accounting Services for Startups Different?

Account 52

Account accountant accounted accrual accounting 52

ThomsonReuters

JUNE 15, 2021

Thomson Reuters Onvio® is our new cloud-native platform for tax and accounting firms. Strategic Advisory Services: Many firms have ambitious growth plans to increase their focus on high-value advisory services. They are also an important driver of firm growth and client retention. What is Onvio? Why are we building Onvio?

Tax 52

Tax Account accountant accounted 52

Snyder

JUNE 3, 2022

Since the 2000s the SaaS business has experienced exponential growth with lots of startups emerging and significantly changing some business spheres. If we look at the period of 10 years on the graph, we clearly spot a fivefold growth of the industry at the very least. Peculiar features of SaaS business model. SaaS stages.

Maine 52

Maine E-commerce B2C Technology 52

xendoo

DECEMBER 15, 2021

Catch up bookkeeping accelerates business growth by increasing financial visibility, which enables business owners to make decisions based on accurate information and remain tax-compliant throughout the year! In this blog post, we are exploring the top 5 benefits of catch up bookkeeping ! . Reliability in Your Opening Balance.

bookkeeping 69

bookkeeping financial statements Tax bookkeeping services 69

PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. based startup that announced a $1 million seed investment round that it plans to use for growth and product development. Kicking off this week's roundup is Bookkeeper360, a U.S.-based

B2B 81

B2B Expense Reimbursements Technology Expense Management 81

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. As such, instead of promoting your accounting skills, always prioritize client-centric messaging throughout your website. Let’s go!

Account 98

Account accountant accounted bookkeeping 98

ThomsonReuters

MARCH 18, 2021

At a tactical level, these challenges can lead to hours wasted, repetitive data entry and manipulation work, and errors that can cascade across calculations. A scalable solution: Harness the principles of data lakes, warehouses, and marts to scale with your growth. Past project results. . Past project results.

Tax 98

Tax Technology corporation tax tax planning 98

Snyder

FEBRUARY 7, 2023

Whatever aspect of your Amazon business you want to focus on this year, there’s a tool out there that will prove to be an invaluable resource to help you reach your goals. Need accounting assistance? Sellers can also use this tool to calculate their FBA fees every month, so that there’s no surprises.

E-commerce 52

E-commerce accounting software Gaming audit 52

ThomsonReuters

DECEMBER 13, 2021

Implementing best practices for sales tax reporting can help ensure your business has real-time access to accurate content and the latest information , updated as soon as regulations change, so you can feel confident you’re calculating, collecting, and reporting taxes correctly with every transaction. 5 best practices for sales tax reporting.

Tax 52

Tax Sales Technology South Dakota 52

ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

Account 52

Account accountant accounted Technology 52

Menzies

JULY 25, 2023

Menzies LLP - A leading chartered accountancy firm. In this blog we’re going to explore why that is, and why you should know about them. Digital Transformation Over the last few years, we’ve seen a major increase in businesses adopting Digital Transformation. What is Digital Transformation and ESG?

Technology 40

Technology chartered accountant Construction Start-ups 40

Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. Blog Self employment income support scheme (SEISS) Updated 12/07/2021 – see whether you may qualify read more Gifting assets – is now the right time? This means that if the donor was to pass away within 7 years of making the gift, a charge to inheritance tax would arise.

Tax 52

Tax corporation tax chartered accountant Sales 52

Snyder

JANUARY 8, 2023

However, with the growth of e-commerce, the large marketplaces started to adopt their own definitions, adding unnecessary confusion, we might say. Online retail has been growing over the years, but the sudden coronavirus pandemic has forced people to shift many of their purchases to online shopping. Start a blog.

E-commerce 98

E-commerce Non-Profits Start-ups Maine 98

LyfeAccounting

JANUARY 11, 2021

Chances are if you are just starting out, struggling to get sales and decided to sell your business a year from now… you likely won’t have any buyers if your sales price is $1M. To value your business using the earnings multiplier approach, you would need to evaluate your EBIT over a period of time, like over the past year.

Non-Profits 52

Non-Profits Sales accounting and finance small business accounting 52

LyfeAccounting

OCTOBER 29, 2020

With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. Like everyone should be able to understand how things are calculated and be sure of its accuracy.

tax planning 52

tax planning Tax corporation tax Real Estate 52

ThomsonReuters

FEBRUARY 24, 2021

At a tactical level, these challenges can lead to repetitive work and errors that can cascade across calculations. A scalable solution: Harness the principles of data lakes, warehouses, and marts to scale with your growth. Finally, the system’s rollover capabilities save time as you begin work on filings for the next quarter or year.

Tax 52

Tax Technology corporation tax tax planning 52

Snyder

JUNE 20, 2022

However, delegating doesn’t mean staying out of the loop completely, especially when it comes to business finances, primarily accounting. Accounting is the language of numbers. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account. Contents: 1.

accounting basics 52

accounting basics general ledger Account accountant 52

LyfeAccounting

JANUARY 25, 2021

So if they made $1600/month, that’s the exact amount that went into their bank account. Because they were a contractor, they received 1099 at the end of the tax year and ultimately had to pay their taxes all at once to the IRS, instead of piece by piece with W-2 wages. This meant that their wages were not taxed at all.

payroll 52

payroll payroll tax quickbooks Start-ups 52

LyfeAccounting

JULY 15, 2021

So if you buy a home for $400,000, it should be worth about $475,000 in 5 years. Basically, a dollar doesn’t buy you as much as it used to a few years ago. During the first several years of paying a mortgage, most of your monthly payments are going toward interest. It is usually a good investment. Renting a Home Disadvantages.

Real Estate 52

Real Estate Tax Start-ups tax return 52