ThomsonReuters

JANUARY 16, 2024

Making occupational wellness a priority Tax and accounting professionals are known for working hard, especially during tax season. But this can take a toll on their well-being and lead to burnout. What is wellness? ” Wellness is not something that happens to you, but something that you do for yourself.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

JANUARY 14, 2022

The tide moves in every quarter, and there is always tax season. It’s stressful; that’s just part of the business, right? Yes, stress is expected, but burnout is entirely different. The fight against burnout starts with managing stress. It’s a significant issue for tax professionals and accountants.

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Tax Technology Start-ups accounting software 98

ThomsonReuters

FEBRUARY 9, 2023

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. Those who are, however, can tackle the challenges of tax season with ease.

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Tax tax return Technology accounting software 59

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

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Tax tax preparation bookkeeping bookkeeping services 102

ThomsonReuters

MARCH 2, 2023

During tax season , these demands can be especially stressful given the large workload and long hours. Today, tax technology eases the compliance burdens that once plagued the profession. To avoid added stress and potential burnout , it may be time to consider increasing your reliance on technology.

Account 59

Account accountant accounted tax return 59

xendoo

DECEMBER 6, 2021

In this blog post, we will help you strategically chart your path for success, so you can be ready for a new year of growth! To prepare for the future, take a look at the past year. It can be used to track and strategically plan for financial trends, such as seasons of high and low demand. . Business Resolutions Start Now.

bookkeeping 98

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ThomsonReuters

MARCH 8, 2024

It can take some effort to think outside the box to grow your CPA firm into a truly successful firm of the future. Take an approach that considers who your clients currently are and the nature of the services you currently provide. As busy accountants, it’s easy to get stuck in survival mode.

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cpa firm CPA Technology Tax 96

ThomsonReuters

JUNE 16, 2023

Many of today’s tax and accounting practices are struggling with strained firm capabilities. The accounting profession is no stranger to long work hours and hefty workloads, especially during busy tax season. Is your firm among them? For instance: do they have the necessary skillsets ? Are they hampered by mental burnout?

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accounting firms Account accountant accounted 98

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. That is a question firms should consider as they reflect on the tax season. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer.

accounting firms 96

accounting firms Tax Real Estate Account 96

Xero

NOVEMBER 3, 2022

‘Tis the season for, well, lots of things. Get trick or treating out of the way, and then it’s time for the holidays. Once you’ve caught up on your sleep, it’s arguably the most exciting time of all – that’s right, tax season. . I’m lucky enough to have a background in tax advisory, so I know the warning signs.

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income tax Tax Account accountant 76

ThomsonReuters

NOVEMBER 14, 2023

It’s also a powerful way to enhance your well-being, reduce stress , and build resilience. But when you say “thank you” out loud, you remind them that they matter to you and the organization. The power of gratitude You probably say “Hey, thanks” several times a day. They assume their work is valuable.

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Tax business tax Account accountant 75

ThomsonReuters

OCTOBER 24, 2023

More tax professionals are exiting the profession than are entering it. Add to that the recent focus by many workers on improved work-life balance—something that can seem at odds with a busy tax season. Clearly, these stresses do not help in your efforts to keep your most valued employees happy and productive —and on your team.

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Account accountant accounted Technology 52

ThomsonReuters

APRIL 19, 2022

Your firm has been going nonstop, and your team has just made it through another busy tax season. No matter how large or small your firm may be, these simple gestures are excellent ways to reward your staff both during and after the seasonal tax rush. Pay for meals since your team has been working ‘round the clock.

business tax 98

business tax Tax Sports Account 98

ThomsonReuters

MAY 24, 2021

From a small CPA firm perspective, the intensity of the workload during this extended tax season is like nothing we’ve seen before, compounding already heightened stress levels. From shifting tax laws and COVID-19 relief packages, to the disruption of in-person activities, to balancing life at home (ha!),

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cpa firm CPA tax return Tax 98

ThomsonReuters

OCTOBER 6, 2023

That’s why we’ve created this simple guide outlining how firms can complete the planning phase of a digital 1040 tax transformation. Taking a strategic approach to the planning phase is crucial because it prepares staff and clients well before the official rollout and allows firms to sidestep preventable errors.

tax preparation 64

tax preparation Tax tax return Technology 64

DuctTapeMarketing

JULY 14, 2018

Not only are you responsible to keep the business running, you’re probably also figuring out ways to grow, keep employees happy, and delight your customers. Taking a look at shipping costs can also help save a business money. Prepare the books for tax season. Social Media. Marketing Automation. Website Design. 0 Comments.

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ThomsonReuters

MARCH 15, 2021

It is the question at the back of every tax practitioner’s mind this tax season – will tax season be extended? The effects of COVID-19 were truly coming to light in the heat of accountants’ busy season in 2020, turning a normally stressful time into a downright chaotic period.

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ThomsonReuters

MARCH 21, 2023

Employee engagement is on the decline. Are members of your accounting team among them? A 2022 Gallup survey found that employee engagement in the U.S. experienced its first annual decline in a decade — dropping from 36 percent engaged employees in 2020 to 34 percent in 2021. This pattern continued into 2022.

Account 52

Account accountant accounted accounting and finance 52

Shay CPA

FEBRUARY 28, 2024

Don’t shoot the messenger: it’s time to do your taxes. Very few founders enjoy doing their taxes. If that sounds good, follow these steps to get your books ready for your 2024 tax filings. #1: While you’re putting some energy into gathering up the documents you need, grab a copy of your 2022 tax returns.

Tax 52

Tax CPA bookkeeping tax preparation 52

ThomsonReuters

MAY 19, 2022

Sometimes they miss the mark, which can lead to misunderstandings, unmet expectations, and potentially dissatisfied clients who eventually take their business elsewhere. You’ve really got to take a deep look at the kind of service you’re offering compared to other firms and the kind of service your clients are receiving in other industries.”.

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Tax tax return accounting and finance accounting firms 105

ThomsonReuters

NOVEMBER 22, 2021

Burnout is no stranger to tax and accounting professionals, but in this pandemic world, it seems to be even more apparent. Prolonged exposure to stress and anxiety can create difficulty when trying to find work-life balance. Burnout is more than just feeling stressed. Talk it out . Take mini-breaks.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

FEBRUARY 23, 2023

When both accounting clients and staff are on the same page, it helps strengthen client loyalty, drive profitability, and reduce stress. This, in turn, leads to less stress for staff and helps set the firm up for success. At the core of a strong relationship is good communication and transparency. They don’t view you as a partner.

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Account accountant accounted Tax 59

ThomsonReuters

MARCH 21, 2023

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. As accountants know all too well, the long hours and 24/7 demands of tax season (and beyond) can take a toll. In fact, it can be used as a competitive advantage.

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Technology Tax accounting firms accounting software 59

ThomsonReuters

MAY 24, 2021

Tax season 2020 is officially in the history books and there’s no doubt you and your staff have been thinking a bit more about what to do now that it’s over. Below are several steps to help you take a look behind the curtain and improve your firm from the inside out. Take a break. Turn your phone off for a weekend.

Tax 52

Tax Account accountant accounted 52

Snyder

JUNE 9, 2022

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. To help you meet the income tax filing season fully armed and prepared, we have compiled a step-by-step guide.

income tax 52

income tax tax return Tax E-commerce 52

Shay CPA

FEBRUARY 15, 2023

Don’t shoot the messenger: it’s time to do your taxes. Very few founders enjoy doing their taxes. If that sounds good, follow these steps to get your books ready for your 2022 tax filings. #1: While you’re putting some energy into gathering up the documents you need, grab a copy of your 2021 tax returns.

Tax 52

Tax CPA bookkeeping tax preparation 52

Shay CPA

NOVEMBER 16, 2023

Plus, some of the money you spend on research can likely help you slash your tax bill. The R&D tax credit lets companies reduce their tax liability by as much as $500,000 for qualified research expenses. Sit down and take a comprehensive look at recent years’ financial data. How did that happen?

CPA 52

CPA cpas Tax Legal 52

ThomsonReuters

AUGUST 24, 2023

Jump to: What is tax depreciation? How to calculate tax depreciation What are the tax depreciation methods? But depreciation can quickly become complex and cumbersome as tax professionals navigate which asset s can be depreciated for tax purposes, how to calculate tax depreciation, and any state-level nuances that may arise.

Tax 87

Tax business tax tax return Account 87

DuctTapeMarketing

JULY 31, 2018

As a business owner, you are all too aware of the many moving pieces it takes for a business to run smoothly. As a business owner, you are all too aware of the many moving pieces it takes for a business to run smoothly. If you’re unsure about adopting this technology, take a look at the many benefits of it below.

accounting software 147

accounting software Account accountant accounted 147

Snyder

DECEMBER 27, 2022

This comes with the added stress that you won’t find in a regular full-time job. During the busy tax season every accountant has their hands full , so that shouldn’t be discounted. Freelance accounting is increasing in popularity. Finding work as a freelance accountant is pretty much like starting a new business.

Account 98

Account accountant accounted accounting and finance 98

Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. First, try to make the most out of your accounting software.

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tax preparation Tax tax return accounting software 52

ThomsonReuters

APRIL 6, 2021

Businesses across all industries must evolve to keep pace with these new challenges and take advantage of the opportunities they present. Taking on a consultant role to help businesses through this evolution presents your firm with an opportunity to replace vanishing revenue from declining tax compliance work.

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Basis 365

MARCH 30, 2023

We have previously written a blog about each of the three alternative options in more detail that may be of use. They'll enjoy the more complex work and will be bored out of their mind on the low-level. Come tax season, you'll find it hard to get in contact with them regarding your books. DON’T OVER- OR UNDER-HIRE.

accrual accounting 52

accrual accounting Account accountant accounted 52

Snyder

MAY 24, 2022

Let’s take a look at the areas of accounting you can do on your own and the best ways to do them. There are three main ways of tracking your inventory and calculating inventory costs: The retail method First in, First out (FIFO) Last in, Last out (LIFO). First in, first out (FIFO) accounting method.

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Retail Account accountant accounted 52

ThomsonReuters

FEBRUARY 28, 2023

Working as an accountant is undoubtedly a rewarding experience, but it’s not without its challenges, especially during the height of tax season. Whether it’s the 24/7 workload or the demand for immediate answers, expectations during this time of year are particularly stressful and increasingly complex.

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Account accountant accounted Technology 59

ThomsonReuters

DECEMBER 5, 2023

Complexities of payroll year-end As any payroll professional knows, this complex annual process is a multifaceted procedure encompassing various elements and modifications, from tax calculations to compliance with ever-evolving regulations. According to the U.S.

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payroll Tax tax return Start-ups 98

Going Concern

NOVEMBER 20, 2023

Balancing demanding deadlines, adapting to rapidly changing technologies, and managing the expectations of accuracy and diligence, these professionals navigate a landscape where stress and mental well-being are significant considerations. Denniston, a native of Columbus, works out of the firm’s Fishers office. Congrats to both!

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