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

NOVEMBER 30, 2023

How can embracing authenticity guide your firm’s client service initiatives? Making authenticity a priority in your client service strategy Earlier this week, Merriam-Webster announced its word of the year for 2023. After all, “authentic” is not a new word that would be unfamiliar to most people. The winner?

Tax 98

Tax accounting firms Account accountant 98

ThomsonReuters

DECEMBER 19, 2023

For accountants, understanding renewable energy tax credits and how they relate to individuals and businesses is essential in helping clients maximize their tax benefits. Let’s take a look at how these tax incentives encourage the adoption of clean energy practices and how accountants can support their clients in making this shift.

Tax 110

Tax accounting and finance Manufacturing income tax 110

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

Mark Lee

JANUARY 9, 2024

Typically that means people who need and can afford our services; and who are the type of people who we would be happy to have as clients. For example, if these people only want a simple compliance service at the lowest possible price. For example, if these people only want a simple compliance service at the lowest possible price.

Start-ups 93

Start-ups Tax Gaming Account 93

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

ThomsonReuters

AUGUST 10, 2023

We are watching, in real time, firms successfully streamline accounting practices, boost productivity, and bolster their bottom lines with the adoption and implementation of new technologies. As such, unsurprisingly, 70% of all companies in the U.S. And, with the right plan in place, the benefits will be measurable and significant.

audit 97

audit Technology Tax Account 97

ThomsonReuters

JUNE 15, 2023

At issue is the constitutionality of the Affordable Care Act’s preventive health services mandate—specifically, coverage requirements triggered by recommendations of the United States Preventive Services Task Force (USPSTF). It is important to remember that not all preventive services are affected by this litigation.

Government 98

Government Tax Account accountant 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

AUGUST 25, 2023

Take this example: Your business client purchased software in December 2022 to process payroll, accounts payable, and accounts receivable, but they didn’t put that software into service until January 2023. When it comes to depreciating software for tax purposes, there is no one size fits all.

Tax 97

Tax Technology Manufacturing payroll 97

Withum

MAY 9, 2024

In two weeks, I will be teaching a graduate course on audit concepts and methods to accounting students at Fairleigh Dickinson University. However, my role is not just to teach the material but to excite them about accounting as a profession and auditing in particular and share my pride in the vital role auditors play in our ecosystem.

auditor 59

auditor audit financial statements forensic accounting 59

Mark Lee

OCTOBER 24, 2023

Conversations with the accountants who are or have been my clients reveal a wide range of such rates. A higher rate typically being charged for specialist tax advisory services for example. It is clear to me, by the way, that different accountants will have very different ideas as to what a reasonable hourly rate might be.

Tax 94

Tax tax return Account accountant 94

Xero

MARCH 7, 2024

Accountants and bookkeepers work with vast quantities of data every day. A connected tech stack – where a single platform can be used to manage all practice workloads, by integrating it with supporting apps – means you can keep everything stored and updated in one place. Why build a connected tech stack for your practice?

bookkeeping 88

bookkeeping Account accountant accounted 88

Ronika Khanna CPA,CA

MAY 5, 2024

Accounting software has come a long way in the past few years. Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax.

income tax 93

income tax Account accountant accounted 93

Mark Lee

FEBRUARY 27, 2024

Those rival accountants, service providers, bookkeepers, tax advisors, financial advisors, business and management consultants who seem to want the same clients as you? Your true competition is NOT every accountant around. One or more of the other accountants who are local to you? More on that later. Larger firms?

Management Consulting 52

Management Consulting bookkeeping Account accountant 52

ThomsonReuters

APRIL 28, 2022

We are concerned, however, that employees may not have sufficient information and professional advice to make good retirement planning decisions, so we would like to start making retirement planning services available. If we do, will those services be taxable, adding to our cost and administrative burden?

tax preparation 105

tax preparation Education income tax Legal 105

Mark Lee

DECEMBER 12, 2023

Historically most clients stay with their accountant for many years. They generally move only when they feel their accountant doesn’t care enough about them, puts their fees up significantly or messes up. My advice in this blog post about safeguarding your practice largely concerns only what I might call ‘simpler’ clients.

tax return 94

tax return Tax bookkeeping bookkeeping services 94

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. How do you know when your accounting technology is outdated? What are the risks of using outdated accounting software?

Technology 98

Technology Account accountant accounted 98

PYMNTS

AUGUST 14, 2020

Coinbase, the digital currency exchange, will offer bitcoin-backed cash loans to select customers as early as next month, the San Francisco-based company announced on its blog this week. Customers in 17 states have been invited to join the waitlist to borrow up to 30 percent of their bitcoin holdings.

North Carolina 107

North Carolina New Hampshire Wyoming Nebraska 107

Mark Lee

MARCH 21, 2023

I wonder if you make an all too common mistake. We all hope that clients will want us to provide a range of services to them. What do you do to ensure that your clients are aware of all the services you offer? It would equally be a mistake to assume that clients will always recall all of your service offerings.

bookkeeping 97

bookkeeping Tax tax return Start-ups 97

TaxConnex

SEPTEMBER 15, 2020

Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side. This is the basis for all your sales tax decisions. Determine Nexus.

Sales 224

Sales Tax tax consultant cpa firm 224

Ryan Lazanis

APRIL 13, 2022

In this article, you’re going to learn about what an accounting workflow is, the purpose your workflows serve in your firm with 9 key workflows that you can optimize in your accounting firms. As an example, if you complete a tax return, in the same way, every time, then you likely have a workflow in place. What is a Workflow?

Account 88

Account accountant accounted accounting firms 88

ThomsonReuters

JULY 11, 2023

Accounting firms turn to a three-tiered approach to uncover opportunities Accounting firms are severely impacted by the dynamic post-pandemic economy. While the fundamentals of accounting remain the same, the processes and skill sets required to execute them are changing. According to Revelio Labs Inc.,

Technology 73

Technology Account accountant accounted 73

CPA Practice

JANUARY 23, 2024

Networking is essential for every accountant, and in the digital age, it’s easier than ever to make valuable connections in the field. While the concept and goal are the same (to make new connections), networking online is a different experience. At least 40% of all internet users use social media for work purposes.

Account 72

Account accountant accounted B2C 72

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Here’s some tips, tricks, and insights to help you understand what’s involved, and how Xero can help you manage all your property finances in one place , giving you the freedom to free swim!

Account 93

Account accountant accounted accounting and finance 93

Xero

JULY 3, 2022

This is a guest post by accountant Daniel Hardy of Xero Platinum Partner firm Caveo Partners. Recently, Caveo Partners was named the best boutique firm of the year at the Australian Accounting Awards. . In fact, you’ll likely have all kinds of thoughts about where you’re at and where you’re headed next.

business tax 110

business tax Tax bookkeeping accounting and finance 110

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. Sharing a laugh brings us all together (especially during any busy season). Accounting and CPA Puns.

tax preparation 212

tax preparation Account accountant accounted 212

Ryan Lazanis

APRIL 10, 2022

In this guide, I’m going to outline what the future of accounting looks like for accounting firms and how to best prepare for it in 2022. So if you’re looking to improve your firm in 2022 and keep yourself on the cutting edge of accounting, you’ll love this new guide. Future of Accounting Table of Contents.

Account 111

Account accountant accounted Technology 111

CPA Practice

JANUARY 22, 2024

Networking is essential for every accountant, and in the digital age, it’s easier than ever to make valuable connections in the field. While the concept and goal are the same (to make new connections), networking online is a different experience. At least 40% of all internet users use social media for work purposes.

Account 69

Account accountant accounted B2C 69

Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. Marketing your bookkeeping services to find new clients. Chapter 3: Market Your Services.

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

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. In this blog, we will dive into the details of four notable tax laws that have been introduced into legislation and deserve our attention. The penalty increases as the pay ratio widens.

Tax 110

Tax tax return Technology income tax 110

PANALITIX

JULY 21, 2020

Distinguishing your Accounting Business. Content marketing in the in-store sampling for accountants. In Panalitix, we help Accountants to be better at content marketing by following these steps: It’s all about the Message! We encourage accountants to reveal their uniqueness. Did you try them? Did you buy anything?

Account 130

Account accountant accounted accounting basics 130

ThomsonReuters

JUNE 23, 2022

In the underlying case, a large dialysis provider sued the plan and its TPA, challenging the plan’s classification of all dialysis providers as “out-of-network,” resulting in a lower reimbursement rate for them than for providers of other medical services. Available at [link].

Tax 98

Tax Account accountant accounted 98

ThomsonReuters

DECEMBER 1, 2023

As explained by the IRS , this limit is reduced by the amount by which the cost of section 179 property placed in service during the tax year exceeds $2,890,000. Also, the maximum section 179 expense deduction for sport utility vehicles placed in service in tax years beginning in 2023 is $28,900 (up from $27,000 in 2022).

tax return 97

tax return Tax Transportation Non-Profits 97

Ryan Lazanis

MAY 17, 2022

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. Most of these methods I’ve personally used myself to help take my cloud accounting firm from scratch to sale in just 5 years. Marketing for Accountants 101. 1 Get Blogging. #2 4 Viral Marketing for Accountants. #5

Account 98

Account accountant accounted accounting firms 98

Mark Lee

NOVEMBER 28, 2023

I’ve addressed the subject of Networking many times on this blog. I make no apology for returning to the topic as it’s a key business skill for accountants who want more clients. Indeed, I know many accountants who hope they can rely on such sources of work as they are so uncomfortable with the idea of networking.

tax return 52

tax return Account accountant accounted 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? Accountant responsibilities extend far beyond number crunching.

Account 59

Account accountant accounted tax preparation 59