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Your 10-step checklist for end of financial year in 2024

Xero

We know end of financial year is a busy time, so we’ve prepared a quick 10-step checklist to help you cover your bases at the end of FY24 and start the new financial year off strong. Evaluate your business expenses You may be able to claim business expenses in your tax return to reduce the total tax you need to pay.

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Top 10 tips to streamline your 1040 tax workflow

ThomsonReuters

But these inefficiencies are fixable thanks to advancements in technology that are making it easier than ever for tax professionals to access the tools to revamp their workflows and eliminate these frustrating inefficiencies. Tax season can be a stressful and hectic time for both tax professionals and their clients.

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6 (Not So) Simple Steps to Sales Tax Compliance

TaxConnex

Sales tax is complicated. 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. Determine Nexus.

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The Definitive Accounting Workflow Guide

Ryan Lazanis

As an example, if you complete a tax return, in the same way, every time, then you likely have a workflow in place. Here are the key benefits of implementing workflows: Faster, easier growth: It’s easier to grow when you can produce repeatable results in key areas of the business. What is a Workflow? why do we do that?”).

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How to embrace change and unlock your firms potential

ThomsonReuters

You work to improve your tax and accounting firm — increase profitability, expand into new areas, and find a better work-life balance. Tax firms are feeling the pressure of changing tax regulations, along with clients who expect greater accuracy and faster responses in the digital age. Identify problem areas in advance.

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How to survive tax season

ThomsonReuters

As accountants, there’s no way to avoid the hectic nature of tax season. How can I make my tax season easier? Own your time Your time is precious—and it can very easily be consumed during tax season. To get ahead of the stress, carve out dedicated personal time now, before you’re deep in the trenches of tax season.

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12 Great Client Portals for Accountants

Ryan Lazanis

Let’s explore their features, advantages, and drawbacks to help you make an informed choice. ” Matthew May, one of our esteemed members at Future Firm Accelerate , jokingly said that “I don’t know why people keep trying to make people log in when they don’t want to log in anywhere.”

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