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?

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ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. That’s why many accountants are embracing the profitable shift to tax advisory services. That’s why many accountants are embracing the profitable shift to tax advisory services.

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Tax tax return income tax audit 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.

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Tax tax return Technology income tax 110

ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . The result? uncovering new opportunities. .

Technology 105

Technology Account accountant accounted 105

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?

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Account accountant accounted tax return 88

Xero

NOVEMBER 11, 2022

As an accountant or bookkeeper, you will need to prepare yourself, your clients, and your practice for these changes. You’ll gain access to an on-demand webinar, an in-depth guide and a bespoke one-to-one consultation with an MTD expert. What MTD for ITSA means for your clients. One Final Declaration. Quarterly updates.

income tax 74

income tax Tax bookkeeping Education 74

SchoolofBookkeeping

MAY 12, 2023

If you're a QuickBooks accounting professional, you may have noticed a recent change in how new subscriptions to QuickBooks Online are handled. Intuit, the company behind QuickBooks, has started automatically creating QB Payments accounts for all new subscriptions. First, let's take a look at what QB Payments is and how it works.

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quickbooks Account accountant accounted 98

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

ThomsonReuters

JULY 6, 2023

Are you an accountant looking to break into the exciting world of mergers and acquisitions (M&A) advisory services? M&A advisory services are a professional service designed to help corporations, private equity firms, and other entities execute mergers and acquisitions.

Legal 52

Legal Tax Start-ups Construction 52

Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. So let’s begin our journey to the land of accountancy! Small business owners.

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Account accountant accounted bookkeeping 52

Ryan Lazanis

MAY 17, 2022

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. In this post, I’m going to outline 18 of the top strategies working well right now to help you attract clients. Marketing for Accountants 101. 1 Get Blogging. #2 4 Viral Marketing for Accountants. #5

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ThomsonReuters

JUNE 15, 2021

Most small CPA firm owners have years of experience working for larger firms and find themselves wanting to utilize that experience to serve clients in their own way. Angie Wood, owner of Wood CPA , started her firm in 2019 after several years of working for larger accounting firms. And that completely shocked me. “And

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cpa firm tax return CPA Non-Profits 98

ThomsonReuters

SEPTEMBER 7, 2023

Form 2441 instructions Helping clients with Form 2441 Tax software for Form 2441 Form 2441 is a tax form used to claim the child and dependent care tax credit. Jump to: What are the qualified expenses for Form 2441? What are the qualified expenses for Form 2441? What is the age limit for Form 2441?

tax preparation 52

tax preparation tax return Tax audit 52

ThomsonReuters

APRIL 13, 2023

These two words can strike fear in the hearts of your tax and accounting clients: IRS audit. Understanding how to manage client expectations and concerns and how to get through the process is an essential skill in the tax and accounting professions. These steps will help when clients come under IRS scrutiny.

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audit accounting firms Tax Account 52

ThomsonReuters

NOVEMBER 15, 2023

Helping clients with Form 990 and charity exemptions Charities and nonprofits must comply with tax obligations in order to maintain their tax-exempt status. It provides comprehensive information about the organization’s activities, governance, and finances, ensuring transparency and accountability.

Tax 52

Tax Non-Profits tax return accounting and finance 52

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. You should make sure your year-end inventory has been completed and payroll’s been reconciled, for example. #2:

Tax 52

Tax CPA bookkeeping tax preparation 52

ThomsonReuters

NOVEMBER 15, 2023

Rules for cash donation tax deductions Filling out Schedule A for Form 1040 Helping clients with tax deductible donations on their tax return As the season for giving approaches, many individuals and businesses consider making monetary donations to charitable organizations. Which donations are tax deductible? Property donations.

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Tax tax return tax planning income tax 94

ThomsonReuters

DECEMBER 19, 2023

Helping your clients with claiming environmental tax credits As sustainability initiatives gain momentum, the IRS continues to encourage environmentally conscious actions through a range of tax incentives. Jump to: What environmental tax breaks are available? What is Form 5695? What is Form 843? What is Form 6627?

Tax 52

Tax income tax tax return Manufacturing 52

CPA Practice

MARCH 23, 2023

As a high-growth firm or one reaching toward that distinction, you are likely to be focused on expanding your client base, increasing revenue, and driving business growth. Your ICP is a detailed description of the type of customer who is most likely to benefit from your product or service. Network with people in your ideal profile.

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B2B accounting and finance Start-ups Account 64

ThomsonReuters

OCTOBER 6, 2023

They want to do a better job at using technology to streamline data collection, automate data entry, enhance the review process, and improve service delivery. That’s why we’ve created this simple guide outlining how firms can complete the planning phase of a digital 1040 tax transformation.

tax preparation 64

tax preparation Tax tax return Technology 64

ThomsonReuters

JULY 20, 2021

For the past six months, the Thomson Reuters Professional Services and Customer Support & Service teams have been talking, and more importantly listening, to Onvio® customers and Beta users for ways that we can improve the Onvio onboarding and support experience. Greater assistance on implementation.

Tax 52

Tax Account accountant accounted 52

Xero

OCTOBER 5, 2022

To understand the key role accountants and bookkeepers can play in a small businesses finance journey, I recently hosted a panel with three experts, Simon Creighton , co-founder & director of Waddle , from Xero, Andrew Mattner , director of Altitude Advisory , and Jacinta Nielsen , financial advisory partner at Deloitte at Xerocon Sydney. .

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Finance bookkeeping accounting and finance Government 78

Withum

APRIL 19, 2022

The Power Platform, with its suite of low-code/no-code tools, is sparking a lot of interest lately; we have clients who have been using M365 for email and file management for years who are just now starting to ask us how to leverage the Power Platform. this blog is for you. First, some basics – what is Power Platform?

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Technology Expense Reimbursements Start-ups accounting and finance 106

Mark Lee

FEBRUARY 20, 2024

If you complete the process your name will be followed by a little tick in a shield to show you have verified your profile and that you are the person you claim to be. An accountant recently asked my views on this as Linkedin have outsourced the verification process to a third party company that wants our passport details.

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bookkeeping Account accountant accounted 52

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?

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Account accountant accounted Technology 96

ThomsonReuters

JUNE 9, 2022

Investing in people is the oft-repeated solution for the talent shortage experienced by professional services organizations. Even though automation has simplified the compliance process, the accounting business remains very much a relationship-based one. Why is continuing education important for serving accounting firm clients?

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Account accountant accounted Education 52

ThomsonReuters

JANUARY 3, 2023

What’s more, having additional time to unplug and pursue personal interests outside of work can actually improve audit quality , according to 2021 research by the American Accounting Association. When auditors have a better work-life balance there’s a lower incidence of financial restatements for clients. .

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auditor audit Technology Gaming 59

Accounting Insight

AUGUST 2, 2023

The rise of artificial intelligence (AI) has become prominent in many sectors from marketing to financial services and healthcare – and many media outlets continue to debate whether technology can ever replace human touch and interaction. And in this process, they’re garnering helpful customer intelligence as the human touch brings nuance.

accounting and finance 52

accounting and finance Healthcare Technology 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. To ensure that your audit process meets professional standards and passes peer review, you must have a guided engagement process in place. compatible.

audit 98

audit Non-Profits Technology auditor 98

Snyder

JANUARY 8, 2023

How to start dropshipping: a simple business guide. But dropshipping stores don’t stock or deliver items to clients by themselves. To avoid this confusion, in our guide we’ll stick to the most widely used definition of a dropshipper, meaning the supplier. Dropshipping is one of the options. How does it work? Are you in?

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SchoolofBookkeeping

FEBRUARY 2, 2024

Advanced Inventory Tracking inventory Using QuickBooks Online For years the outcry from the accounting community has been “QBO doesn’t track inventory” and when QBO was first unveiled (circa 2000), that was 100% accurate. It was originally launched to cater to service based industries, not product based industries.

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quickbooks E-commerce Manufacturing Approval Workflows 52

ThomsonReuters

SEPTEMBER 7, 2023

Which tax software can accountants use for calculating the child tax credit? Which tax software can accountants use for calculating the child tax credit? Jump to: What is the child tax credit? Who qualifies for the child tax credit? How much is the child tax credit? What is the advance child tax credit? citizen, U.S.

Tax 52

Tax tax return income tax tax preparation 52

Ronika Khanna CPA,CA

FEBRUARY 10, 2023

The type of documentation for income on a T2125 includes invoices to clients/customers for services and/or goods sold OR a statement from your customer (person or business) to whom you are providing the service. While being self employed comes with numerous benefits, there are also many challenges.

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tax return Tax accounting software business tax 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.

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Account accountant accounted Technology 52

ThomsonReuters

OCTOBER 12, 2023

Helping clients with foreign income tax forms For U.S. tax system applies to them and how they can ensure compliance while minimizing tax liability. From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. What is FEIE?

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Tax tax return income tax Real Estate 40

Ronika Khanna CPA,CA

DECEMBER 7, 2023

The search for the right accounting software can be a time consuming process. A Google search for “ small business accounting software ” yields over 250 million results. COST One of the most attractive aspects of QuickBooks Online (QBO) is you get a fully functional accounting software at a relatively low cost.

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accounting software quickbooks Account accountant 52

Ronika Khanna CPA,CA

APRIL 14, 2022

While most Canadian taxpayers have relatively simple tax returns that can easily be completed using software, small business owners have the additional burden of reporting details relating to their businesses. This applies to anyone who sells goods or services and includes consultants, self employed individuals and/or contractors.

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Tax tax return business tax accounting and finance 52