MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). Understanding how AP automation works and how it streamlines AP processes is vital to keeping your company ahead of the curve in a rapidly evolving business finance landscape.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

ThomsonReuters

APRIL 25, 2024

When you choose a tax research engine built specifically for tax and accounting professionals, you get only trusted, vetted, and reliable results from expert sources alongside news, insight, and expert commentary. But amidst the struggle, there is good news.

Tax 52

Tax tax preparation tax planning auditor 52

Acterys

FEBRUARY 7, 2023

No matter what your business looks like at present, it is essential to establish a successful inventory plan and management strategy to ensure the success of your business. Imagining the potential that data holds to inform your future inventory needs can be an incredibly powerful tool. Let’s dive in.

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Maine Sales Manufacturing audit 130

ThomsonReuters

JUNE 29, 2023

As most of us know, tax and accounting automation involves s treamlining and standardizing tax inputs and workflow processes using technology. While standard tax software offers some of these benefits, the most transformative results come as a result of the holistic integration of APIs. How do APIs help with automation?

Technology 98

Technology accounting firms Tax Account 98

ThomsonReuters

JANUARY 16, 2024

Why is overall accountant wellness important? Making occupational wellness a priority Tax and accounting professionals are known for working hard, especially during tax season. It involves many aspects of your life, such as physical and mental health , emotions, environment, and social relationships. What is wellness?

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

OCTOBER 12, 2023

For accountants, providing comprehensive and personalized tax advice to U.S. Here is your guide to understanding the tax implications for U.S. expats, ensuring compliance with tax regulations, and maximizing tax savings for your clients. Here is your guide to understanding the tax implications for U.S. Jump to: Do U.S.

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Tax tax return income tax tax preparation 75

ThomsonReuters

NOVEMBER 8, 2022

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. So how does automation work at an accounting firm?

Technology 98

Technology Account accountant accounted 98

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. However, with the advent of AI-powered software, these tasks can now be automated, freeing up valuable time for professionals to focus on higher-value activities.

Tax 101

Tax Account accountant accounted 101

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. The software will guide you through this process. The software will apply the appropriate credit percentage and income limitations.

tax preparation 52

tax preparation tax return Tax audit 52

ThomsonReuters

APRIL 8, 2024

It can cause anxiety, but may also present tremendous opportunities, according to panelists for the Thomson Reuters webinar: “ From Compliance Necessity to Strategic Advantage: How can you master the tax provision process?” “The Cesar says she and her colleagues have been focusing on how the data is gathered and whether it’s qualified.

Tax 52

Tax Technology accounting and finance Gaming 52

ThomsonReuters

OCTOBER 24, 2023

In addition, as businesses become more globalized, accountants must be able to account for transactions in multiple currencies,” wrote Benjamin Wann, owner of Asheville, N.C. based CFO Consultants, in a blog post. Companies use various software platforms (i.e., accounting software, payroll, etc.)

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do the Big 4 use artificial intelligence? How do smaller accounting firms use AI? How does AI impact workflow? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception.

accounting firms 111

accounting firms Account accountant accounted 111

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. Your organization has a variety of critical tasks that need to be completed on an ongoing basis.

Account 88

Account accountant accounted accounting firms 88

ThomsonReuters

MARCH 12, 2024

Jump to: Identify the common barriers to change Overcome the barriers with communication Reframe the narrative Remember your clients Set the expectations for adaptation Running an accounting firm can feel like you’re constantly chasing changes. How do you master the art of adaptation? Try “improvement” instead.

cpas 52

cpas Technology accounting firms Tax 52

inDinero Accounting

DECEMBER 13, 2021

Running your own business can be rewarding, but it also requires a wide range of skills. One of the most critical aspects of running your own business is accounting. That’s why 71% of businesses rely on outsourced accounting to help them track their financial data. Benefits of Accounting Software.

NetSuite 104

NetSuite accounting software quickbooks Account 104

ThomsonReuters

NOVEMBER 15, 2023

Charitable contributions from IRAs How much of a donation is tax deductible? For accountants, understanding the ins and outs of tax deductions for charitable contributions , including how to properly report monetary donations using Schedule A, is an essential part of tax planning for clients. Property donations.

Tax 94

Tax tax return tax planning income tax 94

DuctTapeMarketing

JULY 31, 2018

Marketing Training for your team. How Cloud-Based Accounting Software Can Benefit Your Business. How Cloud-Based Accounting Software Can Benefit Your Business. It could relieve a lot of your business-related stress in the long run.  Services Online Audit. Strategy First.

accounting software 147

accounting software Account accountant accounted 147

ThomsonReuters

JUNE 16, 2023

Over the years, AI in accounting has increasingly gained traction and, going forward, it will continue to transform the tax and accounting profession. Is your firm ready? Like many industries, the accounting profession is exploring how AI can improve efficiencies and help strained firms better serve clients.

Account 110

Account accountant accounted Technology 110

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

APRIL 18, 2022

Tax season is a stressful time of year for anyone who works at an accounting firm. This puts added pressure on accounting professionals to chase clients down, which takes valuable time and energy away from the responsibilities they were hired for. Burnout’s effect on tax and accounting professionals. Burnout is no joke.

tax preparation 104

tax preparation Technology Tax accounting and finance 104

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. As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. The penalty increases as the pay ratio widens.

Tax 110

Tax tax return Technology income tax 110

ThomsonReuters

NOVEMBER 2, 2023

How can firms stay competitive, deliver quality services, and achieve work-life balance amid these pressures? Tax automation is using technology to streamline and optimize the tax preparation process, from gathering source documents to filing returns. The answer lies in tax automation.

Technology 52

Technology Tax tax preparation tax return 52

ThomsonReuters

OCTOBER 31, 2023

Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception.

accounting jobs 52

accounting jobs accountant jobs accounts jobs Account 52

Snyder

FEBRUARY 7, 2023

While you might be a great visionary when it comes to your Amazon FBA hussle – if you’re running or in the process of building an FBA e-commerce business, Amazon seller tools are an important building block in the process. These tried and tested Amazon FBA seller tools will make your work that much easier.

E-commerce 52

E-commerce accounting software Gaming audit 52

ThomsonReuters

MAY 6, 2022

I’m joined once again by Paul Miller, CPA from Business by Design , to talk about how best to use tools in a way that optimizes staff productivity. However, automation with software is becoming increasingly effective at reducing our daily workload and freeing up our time. How would you spend that time?”

Technology 95

Technology bookkeeping Start-ups payroll 95

Snyder

JANUARY 8, 2023

This article answers the questions for anyone curious about how to start a dropshipping business: What is dropshipping? How does it work? How can you find a dropshipping niche? How to start making money with dropshipping business? How to grow your business? How does dropshipping business work?

E-commerce 98

E-commerce Non-Profits Start-ups Maine 98

ThomsonReuters

MARCH 2, 2023

As accountants, we often get questions or requests from clients that are outside of the scope of our working relationship (i.e., But how do you know when and how to say no? How can accountants prioritize self-care? Look for tax and accounting software designed to optimize your tax workflow and increase accuracy.

Account 59

Account accountant accounted tax return 59

ThomsonReuters

SEPTEMBER 7, 2023

Schedule 8812 instructions Helping clients with Schedule 8812 Tax software for Schedule 8812 In an effort to provide financial relief to families, Schedule 8812 is an IRS form designed to help taxpayers maximize their tax benefits for qualifying children through the additional child tax credit. What is the additional child tax credit?

Tax 52

Tax tax preparation income tax tax return 52

ThomsonReuters

AUGUST 24, 2023

How to talk to your clients about signing a 7216 consent form? What are some Section 7216 insights for 2023 Software solutions for Section 7216 What is a 7216 consent form? A tax preparer may also disclose a client’s information to a third-party service provider, such as a software company, a bank, or a marketing firm.

tax preparation 52

tax preparation tax return Tax Technology 52

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. 1) Focus on the Client Your website is a marketing tool that will communicate how you will improve the lives of your clients.

Account 98

Account accountant accounted bookkeeping 98

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

JUNE 15, 2022

The foundation of a successful tax practice rests on the technical knowledge of your people. While you can create a modern firm with automated processes and expansive service offerings, your clients won’t keep coming back if your team isn’t up to speed with the most recent tax law changes.

Tax 98

Tax Technology audit tax preparation 98

Snyder

OCTOBER 27, 2022

When you’re an e-commerce business owner, setting up your online store with Etsy sounds like a great option for creating an additional revenue stream, with over 96 million active buyers across the world purchasing goods on the platform. This blog will teach you how to receive payments on Etsy , both including and apart from PayPal.

E-commerce 98

E-commerce accounting and finance Tax Sales 98

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

ThomsonReuters

MARCH 21, 2023

This is especially true for accounting firms. Whether it’s during the long hours of tax season or just a typical work day, showing your staff you appreciate them can go a long way. Through small acts of kindness and gratitude, your firm can reap big benefits in terms of staff engagement, productivity, and retention.

Technology 59

Technology Tax accounting firms accounting software 59

Steve Feinberg

OCTOBER 9, 2023

As a web designer, your business relies on a steady cash flow to keep your company afloat and your client services running smoothly. Irregular income like this presents cash flow issues in web design businesses even when you know how much income to expect, but it won’t hit your account in time to pay off your obligations.

quickbooks 52

quickbooks bookkeeping accounting and finance tax preparation 52

ThomsonReuters

NOVEMBER 15, 2023

How to file taxes for nonprofits What are the 501(c)(3) reporting requirements? Accountants who serve these organizations must fully understand the relevant tax exemptions, filing requirements, and reporting regulations in order to ensure their clients’ financial transparency and compliance. GoFundMe, political donations, etc.)

Tax 52

Tax Non-Profits tax return accounting and finance 52