ThomsonReuters

FEBRUARY 26, 2024

There are many paths to accountancy, but this is one we don’t hear of often:  Erin Heath   grew up on a cattle ranch in South Dakota, where many of her “ranch-hand” duties sparked her interest in numbers. But it was an introduction to accounting class in high school that paved the way. “It It was love at first sight,” she recalls. “I

CPA 98

CPA South Dakota Nebraska Tax 98

ThomsonReuters

MAY 16, 2024

While adoption isn’t yet fully widespread, more than half of the professionals surveyed in the 2024 Generative AI in Professional Services Report believe that they should use GenAI in their daily work — and they’re already planning for the specialized tools that will create this reality. Let’s take a look. Fraud detection.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

FEBRUARY 23, 2023

Stop giving away your expertise for free. Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. Out-of-scope services should be listed as additional fees.

Tax 105

Tax Expense Reimbursements Education Account 105

ThomsonReuters

JULY 25, 2023

For today’s accounting firms, advanced technology is no longer an option but a necessity. If your firm is considering an investment in tax technology, the time is now. If your firm is considering an investment in tax technology, the time is now. But how do you make the case for AI and maximize this revolutionary opportunity?

Technology 98

Technology Tax audit accounting firms 98

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

AUGUST 15, 2023

Jump to: 1: Unlock the benefits of value-based pricing 2: Gaining an advisory service advantage with client-centric services 3: Getting ahead with Practice Forward As the accounting industry continues to evolve, it is important for accounting firms to understand the benefits that advisory services can offer.

accounting firms 52

accounting firms Account accountant accounted 52

ThomsonReuters

FEBRUARY 23, 2023

Stop giving away your expertise for free. Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. Out-of-scope services should be listed as additional fees.

Tax 98

Tax Expense Reimbursements Education Account 98

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. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable. What are tax advisory services?

Tax 98

Tax tax return income tax audit 98

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Your success lies in solid financial and legal foundations to weather storms – real or metaphorical. Your primary residence is usually exempt.

Account 96

Account accountant accounted accounting and finance 96

CPA Practice

DECEMBER 3, 2023

Are you considering your own firm (or rebranding due to a merger or acquisition)? Branding Questions Addressing these questions can help you create a strong, distinct brand for your firm, setting a solid foundation for growth and client engagement. How do we want clients to feel when they think of our brand? Here’s how.

accounting firms 125

accounting firms Account accountant accounted 125

Xero

NOVEMBER 27, 2023

We’re the first major small business cloud accounting software in the UK to offer on-platform bill payments using open banking. Set up bill payments in Xero now The new bill payments experience Our new bill payments experience means you can now complete your entire accounts payable workflow in Xero, from start to finish.

Technology 98

Technology accounts payable accounting software Start-ups 98

Mark Lee

FEBRUARY 6, 2024

One thing that remains as challenging for accountants today as it was when I was in practice is that of converting prospects into valued clients. Picture this: you’re face-to-face with a potential client, you’re tempted to showcase your expertise and talk about your services. double glazing and life assurance.

Non-Profits 98

Non-Profits Account accountant accounted 98

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

Mark Lee

MARCH 12, 2024

I hope you would agree that clients choose you as their accountant because they believe that your services will be of more value to them than those of a cheaper accountant. I would suggest that increasing the perceived value of your services is better for you than lowering your fees and settling for lower profits.

Non-Profits 52

Non-Profits Account accountant accounted 52

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

MARCH 21, 2023

But, what just happened was that you gave away your knowledge and expertise for free—expertise that you can and should be paid for when clients ask for advice that falls outside the scope of work you have been hired to do. On this April Fools’ Day, don’t get tricked into giving away your expertise.

CPA 97

CPA Tax tax return accounting firms 97

ThomsonReuters

NOVEMBER 21, 2023

Jump to: Set engagements and expectations for next year Address economic pressures that are top of mind Advise on tax planning topics As the year comes to a close, most accounting firms are guiding clients through the complexities of year-end tax planning. Or, you might consider switching to a value pricing model.

tax planning 52

tax planning Tax payroll tax Education 52

ThomsonReuters

MAY 6, 2022

For small and mid-sized tax and accounting firms, there are plenty of ways to do so. 8 ways small and mid-sized accounting firms can increase profitability. Word-of-mouth referrals are a powerful thing for any business, but even more so in tax and accounting. Cross-sell tax and accounting services to existing customers.

Tax 87

Tax Account accountant accounted 87

ThomsonReuters

OCTOBER 27, 2023

But, many accounting firms offering pro bono services fail to take a strategic and organized approach, opening themselves up to a host of potential challenges. One reason firms fail to plan is that it’s difficult to decide how much to give away and to whom. This can create a host of other problems.

Account 59

Account accountant accounted accounting firms 59

Basis 365

JULY 25, 2023

So, let's explore the top accounting KPIs vital for a marketing company's financial management. Tracking revenue growth helps identify trends and evaluate the effectiveness of marketing campaigns, pricing strategies, and sales efforts. Revenue Growth Rate: The revenue growth rate is a fundamental KPI for any marketing company.

Account 97

Account accountant accounted accounting system 97

ThomsonReuters

JUNE 16, 2023

When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. Do you know how to spot it? How widespread is corporate fraud? The Enron scandal.

Account 93

Account accountant accounted financial statements 93

PASBA

SEPTEMBER 25, 2019

The competition for accounting clients can be as intense as in any other industry. That’s why it makes sense to pay attention to client services and frequently expand or improve what your firm offers. Make the Pain Points of Your Clients Your Own. The answers might surprise you. Need to raise more capital.

Account 104

Account accountant accounted accounting firms 104

Xero

JULY 31, 2023

Small business owners are well aware how hard it is for their customers right now, who are trying to stretch their budgets to cover the rising cost of household bills, transport, housing and debt repayments. Being unsure about how long you need to wait to be paid makes it difficult to make investment or hiring decisions with confidence.

Sales 91

Sales Transportation Start-ups Maine 91

Snyder

OCTOBER 31, 2022

Whatever the reason, selling on Shopify may become your solution as it’s really easy and convenient. In this article, we’ll answer all your questions so you can have a better picture of what it’s like — to start your own small business with Shopify. How to set up a Shopify e-commerce store? How to add tax on Shopify?

E-commerce 97

E-commerce Start-ups Tax Sales 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

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

Xero

MARCH 30, 2023

Over recent years, the world of accounting and bookkeeping has evolved with the times. From advancing business models to offering expanded services to be able to meet new client demands; change has been a constant for the industry. Proposing (or re-negotiating) the terms of your agreements. The biggest shift, however?

Non-Profits 102

Non-Profits bookkeeping Start-ups Account 102

ThomsonReuters

AUGUST 1, 2023

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. hours per week.

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

JULY 11, 2023

Facing a rise in client expectations and an increasingly complex regulatory environment , a growing number of firms are looking to transform their practice and take their advisory services to the next level. Is your firm among them? Accounting professionals have long been trusted advisors for their clients.

tax preparation 75

tax preparation tax planning Tax CPA 75

ThomsonReuters

MARCH 13, 2023

LLC.  More recently, in April 2022, New Mountain Capital announced a majority investment in professional services firms Citrin Cooperman.  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

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

ThomsonReuters

JUNE 22, 2022

Most business owners have a traditional understanding of what an accountant does. But are your clients asking you for more? She hired an accountant and eventually went back to work full-time and had two more kids. I didn’t realize that an accountant could do it.”. File taxes. Prepare financial statements.

bookkeeping 98

bookkeeping tax preparation tax return Start-ups 98

ThomsonReuters

APRIL 4, 2022

Whether you’ve read about it in industry publications, heard about it at trade conferences or discussed it with your peers, you know that more and more firms are shifting away from compliance-based practices in favor of higher-value advisory services. You see the value in investing in the solution, but will your boss?

tax preparation 97

tax preparation Tax accounting and finance Education 97

ThomsonReuters

AUGUST 25, 2023

How do you calculate vehicle depreciation for taxes? How does Section 179 deduction work for vehicles? Every penny counts, so finding ways to help your clients leverage every tax deduction they are entitled to is a win for your clients and your firm. It is not used for hire, like a car rental service.

Tax 52

Tax Account accountant accounted 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

xendoo

AUGUST 30, 2021

To take their time back, many business owners choose to outsource their bookkeeping and accounting. So, how do you choose the right financial partner for your business? So, how do you choose the right financial partner for your business? Accounting software . Accounting methods. Accounting Software.

bookkeeping services 91

bookkeeping services bookkeeping quickbooks accounting software 91

Mark Lee

OCTOBER 31, 2023

You’re not alone if you’re fed up of hearing commentators, software vendors and app developers tell you what your clients are thinking. I’m not in practice any more and I’m certainly fed up of hearing this nonsense – as what they are saying makes no sense when they talk about your current clients. Not that they know of course.

tax return 92

tax return bookkeeping bookkeeping software accounting and finance 92