ThomsonReuters

JANUARY 16, 2024

That’s why firms need to pay attention to wellness and support their employees in achieving it. Making occupational wellness a priority Occupational wellness is not something that happens by chance, but rather something that you as an accountant need to actively pursue and maintain. What is wellness?

Tax 52

Tax Account accountant accounted 52

Shay CPA

APRIL 3, 2024

Organize according to GAAP If you’ve been following our blogs, you’ve probably seen this come up before. If you want to dig deeper, we talk more about this under the “Fine-tune your expense recording” heading in this blog. Hire help if you need it For some people, spring cleaning is a refreshing reset.

bookkeeping 59

bookkeeping Finance accounting and finance accounting principles 59

CPA Practice

JANUARY 18, 2024

In today’s fast-paced world, you are constantly juggling between client needs, regulatory demands, and staying abreast of ever-changing tax laws. 1099s – What you need to know and who files them. Income Tax Brackets for 2024 – Do you need a new W4? Rather than creating generic ads like “Need Tax Help? Give us a call.”

CPA 111

CPA income tax quickbooks Tax 111

ThomsonReuters

MAY 2, 2023

In the first blog in this series, we looked at the identification and assessment of risks of material misstatement. Specifically, we’ll look at the need for auditors to maintain professional skepticism and document their work thoroughly to improve audit effectiveness and efficiency.

audit 52

audit auditor financial statements Account 52

Withum

APRIL 11, 2023

I tried to read a blog on a topic I am very interested in, that was so complicated and mired with details unrelated to the big picture subject matter that I gave up way before finishing it. On some level there is a competition for my time and attention and the slightest addition of effort makes it a no-go. Not user-friendly.

Tax 59

Tax 59

DuctTapeMarketing

JULY 14, 2018

In today’s digitally forward world, small business owners need to leverage available technology as much as they can. They simplify your bookkeeping and accounting and deliver the financial attention you deserve, unlike a traditional CPA relationship where the focus may not be on your big picture. Social Media. Marketing Automation.

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bookkeeping accounting and finance accounting software bookkeeping services 238

Acterys

FEBRUARY 7, 2023

In this blog, we bring everything together by reviewing the step-by-step process that companies can adopt to lay out a plan that is most suitable for their requirements. Imagining the potential that data holds to inform your future inventory needs can be an incredibly powerful tool. Let’s dive in.

Maine 130

Maine Sales Manufacturing audit 130

ThomsonReuters

JULY 25, 2023

In the article, Michele Donohue, a partner at accounting firm Baker Tilly, highlights why embracing automation and AI is crucial for tax practices to remain competitive and meet the evolving needs of their clients in an increasingly digital world. Let’s take a look.

tax preparation 98

tax preparation Technology Tax accounting firms 98

Xero

JANUARY 29, 2024

To do this, they need to focus their attention on new invoicing, rather than maintaining the older version that is now outdated. As always, we’re keen to hear your Xero Product Ideas for future development, and here to help if you need a hand. Classic invoicing looks almost alien to me now.

Tax 111

Tax audit Sales Technology 111

Xero

FEBRUARY 12, 2023

But to do this, they need to focus their attention on new reports, instead of spending their time maintaining older versions that are now outdated. Even keeping the engine working requires effort, attention and cost. Eventually, you need to replace it with something new. Q: What do I need to do before 31 July 2023?

tax return 105

tax return Tax Sales Technology 105

Reckon

MARCH 26, 2023

If you’re looking to grow your business and attract new clients, you need to sharpen your digital marketing sword. entities like Instagram are currently paying a lot of attention to how searchable their content is. So even if using SEO-focused keywords isn’t your strongpoint – just write regular blog posts to rank higher on Google.”

Gaming 52

Gaming Start-ups Sales Technology 52

ThomsonReuters

MARCH 14, 2023

Checkpoint Edge is an AI-powered tax and accounting research tool that allows you to search for up-to-date information on what needs to get done, how it should be approached, how it needs to be documented, and the review process. Do you need to share information? When clients call, they expect you to have the answers.

Tax 59

Tax bookkeeping Start-ups Account 59

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. Firms need to guide clients on restructuring estate plans to optimize asset distribution. However, amidst this spotlight, there are other tax proposals quietly gaining momentum.

Tax 110

Tax tax return Technology income tax 110

Xero

MARCH 30, 2023

Whether you’re signing on a new small business or restructuring your pricing model, you need to ensure your engagement terms are clear and consistent. But, as numbers people, we know that understanding your teams’ needs isn’t just about conversations; data also plays an important role. The tricky part?

Non-Profits 100

Non-Profits bookkeeping Start-ups Account 100

Airbase

OCTOBER 23, 2023

In this blog, we’ll delve into the intricacies of three-way matching, exploring what it entails and, most importantly, why it holds such a pivotal role in modern accounting and procurement practices. To do so, they needed to order 50 office chairs from XYZ Office Supplies for $100 each. When should you use a 3-way match?

accounts payable 130

accounts payable AP Automation Technology accounting and finance 130

Mark Lee

DECEMBER 12, 2023

My advice in this blog post about safeguarding your practice largely concerns only what I might call ‘simpler’ clients. But there are wider lessons too ;-) At some stage, many clients with ‘simpler’ needs will decide (wrongly perhaps) that they don’t need an accountant any more.

tax return 94

tax return Tax bookkeeping bookkeeping services 94

Xero

JUNE 21, 2023

Tennick Accountants focus on the true reasons why their clients started their businesses, which they add is rarely to just save tax, working it backwards into three core areas that require focus and attention. The post Small firm, big impact: Tennick Accountants win hotly contested Xero Award appeared first on Xero Blog.

Account 118

Account accountant accounted accounting and finance 118

Going Concern

MARCH 11, 2024

The 96th annual Academy Awards went off seemingly without a hitch last night but we’re not here to talk about that because this isn’t a movie blog and I haven’t seen Oppenheimer. The duo will have memorized the winners, thereby preventing the need to list them on any documentation that could land in the wrong hands.

Start-ups 122

Start-ups public accounting Gaming Account 122

ThomsonReuters

JULY 25, 2023

Their answers provide a helpful roadmap for corporate leaders who are interested in automated tax solutions but need more information about what factors to consider and challenges to expect. 9 key questions to ask appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Technology 93

Technology Tax audit Sales 93

RitaKeller

JUNE 27, 2022

The client needs something pronto. Many people want our attention. I occasionally repost a Seth Godin blog post. When people feel seen and respected, they’re more likely to focus on what needs to be done, instead of taking umbrage or being defensive. Sometimes we get stressed. We pressure staff to get work done.

cpa firm 45

cpa firm CPA Gaming 45

ThomsonReuters

AUGUST 3, 2023

As clients’ needs become more diverse and complex, offering cookie-cutter services is no longer sufficient. By organizing teams around specific areas of expertise, firms can eliminate the need for professionals to constantly shift their focus among different tasks and clients.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

JANUARY 8, 2024

But to avoid “garbage in, garbage out”, existing data may require some “data hygiene”, and you may need new processes that ensure future data is clean and actionable. AI-powered audit software can provide real-time insights into financial performance, highlighting areas that require attention or improvement.

Tax 101

Tax Account accountant accounted 101

PASBA

SEPTEMBER 25, 2019

That’s why it makes sense to pay attention to client services and frequently expand or improve what your firm offers. The benefit of interviewing clients and getting to know them better is that you probably have a solution for their most pressing needs. Your interview doesn’t need to be anything formal, either.

Account 104

Account accountant accounted accounting firms 104

ThomsonReuters

JULY 5, 2023

Creating an FTZ isn’t especially difficult, Berry says, but it is a lengthy, multi-step process that requires some attention to detail. Companies also need to know precisely what they are going to do in their FTZ and how they are going to manage it. How much training will employees need? How will reporting be handled?

Start-ups 88

Start-ups Manufacturing Education Tax 88

xendoo

APRIL 13, 2023

Running a business is, without a doubt, a challenging task that requires a lot of commitment, effort, and attention to detail. In this blog post, we’ll explore the necessity of catching up on your bookkeeping and how it will benefit your company. Did you know 82% of small businesses fail due to cash flow management?

bookkeeping 52

bookkeeping accounts payable bookkeeping services Start-ups 52

xendoo

APRIL 13, 2023

Running a business is, without a doubt, a challenging task that requires a lot of commitment, effort, and attention to detail. In this blog post, we’ll explore the necessity of catching up on your bookkeeping and how it will benefit your company. Did you know 82% of small businesses fail due to cash flow management?

bookkeeping 52

bookkeeping accounts payable bookkeeping services Start-ups 52

Xero

AUGUST 25, 2022

Read more about these announcements in Anna’s blog post. Chris O’Neill, Xero’s Chief Growth Officer, spent some time discussing how Xero is creating a connection point – a centralized platform of apps and tools where the needs of small businesses and their advisors can be met, and unique problems can be solved. Festivity and fun.

bookkeeping 70

bookkeeping Entertainment Maine Sales 70

Reckon

MARCH 2, 2023

For years when I started out in the work force, I worked in customer facing and customer service roles, gathering a thorough understanding of a consumer’s wants and needs from a product and experience perspective. Knowing what catches your audience’s attention is going to increase cut-through and save you and your business time and money.

Sales 92

Sales Education Retail 92

xendoo

DECEMBER 27, 2022

When first starting, there are many factors that you need to consider, such as your business plan and your financing options. In this blog post, we will help you navigate the different types of financial assistance options to give you more insight into what could be a good fit for you. Keep your Finances Up to date .

Finance 90

Finance bookkeeping financial statements Start-ups 90

Xero

JANUARY 14, 2024

AI-powered tools like OpenAI’s ChatGPT and image generators like Dall-E have well and truly captured the public’s attention. Trend #1: The cost of AI will need to be managed The next big thing for AI will be cost — or rather, how to contain the runcost of AI. For large language models, that’s not the case.

Technology 84

Technology Manufacturing Start-ups Account 84

Going Concern

MARCH 31, 2022

But today I wanted to bring to your attention a blog post from National Taxpayer Advocate Erin Collins. In fact, according to Collins’s blog post yesterday, the paper return backlog stood at nearly 15 million as of March 18. For a moderately complex return, several hundred digits may need to be transcribed. Erin Collins.

tax return 52

tax return Technology tax preparation Tax 52

Mark Lee

JANUARY 9, 2024

For the equation to work the leads we generate need to be those we want. 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. If we can identify who these people are we can focus our attention on generating the right kind of leads.

Start-ups 93

Start-ups Tax Gaming Account 93

Xero

JULY 21, 2022

From December, there are a range of bundles you can purchase, depending on your practice’s specific needs. But to really benefit from XPM, you need to delve deeper and harness the powerful reporting that helps you track the value of your work in progress.

bookkeeping 75

bookkeeping tax return Tax financial statements 75

ThomsonReuters

NOVEMBER 15, 2023

Pay close attention to specific sections that may require additional schedules or attachments. Blog Learn more about how to properly report monetary donations to charities using Schedule A. What tax forms do a 501(c)(3) need to file? Blog Learn more about non-cash contributions to charities and Form 8283.

Tax 52

Tax Non-Profits tax return accounting and finance 52

ThomsonReuters

AUGUST 3, 2023

The role of task-based, data-focused, busy work is decreasing as it moves to application-based programming, but the need for advisory services is escalating quickly. Where the real value of your firm’s services lie is shifting to advisory services that require year-round attention and technology to meet client expectations more and faster.

Technology 98

Technology accounting firms Tax Account 98

Mark Lee

NOVEMBER 29, 2022

This blog post is drawn from my presentations during a virtual conference for CIOT – to help raise funds for two worthy tax charities, TaxAid and Tax help for older people. Want to have a conversation inspired by this blog post? You can get links to each of my new blog posts and further practical tips in my weekly emails.

Tax 52

Tax Account accountant accounted 52

Basis 365

MAY 23, 2023

In this blog post, we will discuss why CFOs love outsourced accounting services and the many benefits that they provide. CFOs must balance the need to maintain accurate financial records with the costs of doing so. Businesses need to be agile and able to adapt quickly to changing circumstances.

Account 52

Account accountant accounted accounting and finance 52