CPA Practice

MARCH 4, 2024

Marketing for advisory services firms is a nuanced process that requires a blend of traditional strategies and innovative approaches to stand out in a competitive landscape. The goal is to not only attract clients but to also build long-term relationships by demonstrating expertise, trustworthiness, and value. Here’s how.

Account 52

Account accountant accounted cpas 52

ThomsonReuters

SEPTEMBER 25, 2023

Jump to: AI for firms: operational improvements and new services AI for in-house departments: protect the business and enable growth Client communication benefits through AI AI for firms: operational improvements and new services One of the main benefits of AI is the potential to improve productivity and efficiency.

Tax 104

Tax Account accountant accounted 104

ThomsonReuters

SEPTEMBER 7, 2023

Jump to: What is the future of accounting? Clients are turning to their professional teams, including their accounting firms, to take on more advisory roles. Clients are turning to their professional teams, including their accounting firms, to take on more advisory roles. What is the future of accounting?

Account 59

Account accountant accounted tax return 59

ThomsonReuters

MAY 15, 2023

As AI technology becomes increasingly sophisticated, it presents CPAs with a range of opportunities to enhance their advisory services through automated processes, real-time insights, and personalized advice. This technology offers a range of advantages that CPAs can leverage to provide better services to their clients.

Tax 98

Tax cpas Account accountant 98

ThomsonReuters

JULY 13, 2023

To succeed in an increasingly competitive landscape, forward-thinking accounting firms of all sizes are harnessing the power of AI to automate their tax workflows, thus boosting efficiency, empowering staff, and wowing clients. Boost tax workflow efficiency through automation Empower and engage staff Wow clients with enhanced services 1.

Tax 97

Tax Technology accounting firms income tax 97

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. That’s why many accountants are embracing the profitable shift to tax advisory services. What are tax advisory services? But what is a tax advisor and how do you become one?

Tax 98

Tax tax return income tax audit 98

Xero

DECEMBER 10, 2023

In today’s accounting and bookkeeping practices, you can find yourself juggling client communications, compliance and acting increasingly in advisory roles – all while still managing your ever-growing daily management tasks. So how can you streamline time spent on admin, workflows and processes?

bookkeeping 87

bookkeeping Start-ups Account accountant 87

ThomsonReuters

SEPTEMBER 9, 2022

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. That means there’s more time to focus on higher-value services and long-term strategies. Redefine client relationships.

Account 98

Account accountant accounted tax return 98

Xero

OCTOBER 24, 2023

This guest blog was written by the team at ecommerce accounting integration, Amaka. Proper preparation as a business owner or an accountant with e-commerce clients can help maximise Cyber Monday success. Here are some key steps small businesses can take to ready themselves, as well as ways accountants can support clients.

E-commerce 103

E-commerce Technology accounting and finance bookkeeping 103

Xero

JANUARY 9, 2024

We have the pleasure of welcoming six new members to our US Xero Partner Advisory Council (XPAC). The XPAC is made up of a diverse panel of accountants and bookkeepers who are thought leaders and pioneers in the profession, and eager to share their unique ways of thinking, case studies and past successes to inform the future.

Alabama 77

Alabama bookkeeping Technology E-commerce 77

ThomsonReuters

JULY 6, 2023

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? Let’s take a look at the basics. What is accounting advisory?

Account 88

Account accountant accounted tax return 88

Going Concern

MARCH 5, 2024

Last year around this time, one of the big crypto blogs noticed Deloitte had suddenly placed more than 300 job openings for positions such as Blockchain & Digital Assets Manager, Blockchain & Cryptocurrency Tax Manager, and Blockchain & Cryptocurrency in NFTs Tax Manager (LOL). Develop summary reports and/or intelligence products.

Virginia 57

Virginia audit accounting and finance Legal 57

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. Another challenge is that some clients don’t appreciate the value you’re giving them when you do offer pro bono services.

Account 59

Account accountant accounted accounting firms 59

ThomsonReuters

DECEMBER 8, 2023

This enables a shift toward higher-value activities that are built on meaningful interpersonal relationships – like advisory services. Let’s take a look at what we can expect from AI in the near future, and the precautions accounting firms should take to ensure accuracy, trust, and data security. What is generative AI?

Account 108

Account accountant accounted Technology 108

CPA Practice

APRIL 11, 2023

Keeping pace with the latest innovations in technology is important for any firm looking to remain competitive and better serve clients in today’s challenging environment. This article first appeared on the Thomson Reuters blog.] This is especially true for firms eyeing a capital infusion from private equity investors.

Technology 105

Technology accounting firms tax return Tax 105

ThomsonReuters

NOVEMBER 8, 2022

Advisory services. By providing a solid foundation for streamlined accounting processes and automated tax workflow, accounting technology frees up time for accountants to focus on better serving clients with advisory services. Accounting firm technology trends. Automation. The result?

Technology 98

Technology Account accountant accounted 98

Xero

MAY 30, 2022

Fathom: Gaining deeper insights into the present and future. For businesses, this means decisions informed by real-time data, and the ability to confidently plan for the future. One of the app’s users, Grow CFO, used Fathom’s reporting tools to help their small business clients save over $240,000. .

bookkeeping 108

bookkeeping Technology accounts payable accounting and finance 108

ThomsonReuters

AUGUST 1, 2022

To beat the DIY tax return trend, accounting professionals need to position themselves in a new light—one that highlights their ability to become trusted advisors committed to helping their clients grow and thrive. Freeing up time for advisory services. Overturn the DIY tax return trend by redefining the client relationship.

tax return 97

tax return Tax Account accountant 97

Xero

NOVEMBER 21, 2022

We’re incredibly excited to share that Baker Tilly Canada has achieved Xero’s Platinum Partner status, which demonstrates the audit, tax and advisory network is helping to lead the way with the future of cloud accounting in Canada. Improving client engagements through automation.

Agriculture 86

Agriculture Technology accounts payable audit 86

ThomsonReuters

NOVEMBER 28, 2023

Automation enables your firm to build a work environment that eliminates manual tasks, encourages creativity, supports work-life balance, and is entirely mobile. To understand how your firm stacks up in terms of the need for automation , ask yourself: What is your process for gathering client documents?

Technology 112

Technology Account accountant accounted 112

Ryan Lazanis

SEPTEMBER 19, 2023

Table of Contents The Do’s and Don’ts of Accounting Website Design The Top 43 Examples of Accounting Websites The Do’s and Dont’s of Accounting Website Design To give you an idea of how to make your accounting practice more appealing to prospective clients, I listed down some practices you should consider and avoid.

Account 98

Account accountant accounted bookkeeping 98

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

Xero

MARCH 2, 2023

In recent years, many advisors have faced the pressures of being all things to all clients around the clock. Through an expanded list of service offerings and a deep reliance on both tech and her team, she’s built a bespoke practice in Cloud 9 Strategic – and her dream lifestyle to boot. But not Jeannie Savage.

bookkeeping 78

bookkeeping Technology 78

ThomsonReuters

OCTOBER 4, 2023

Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients. Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients.

accounting firms 111

accounting firms Account accountant accounted 111

Mark Lee

JULY 18, 2023

‘How to deliver advisory services for maximum success’ is the sub-title of a superb new book for accountants that I read recently. In her introduction, the author asks if, like her, you are sick of hearing “compliance is dead” and that all accountants should move into advisory work? In 5-10 years though?

tax return 52

tax return Account accountant accounted 52

ThomsonReuters

JANUARY 18, 2024

Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guidance. Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences?

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

AUGUST 3, 2023

As clients’ needs become more diverse and complex, offering cookie-cutter services is no longer sufficient. Instead, firms are embracing specialization to tailor their expertise and solutions to match the unique requirements of their target clients.

accounting firms 98

accounting firms Account accountant accounted 98

Xero

OCTOBER 9, 2023

For many practices, increased client numbers, raised fees, and requests for more services has impacted growth in revenue margins. This positive result is strongly linked to operational changes like streamlining internal processes, increasing automation of manual tasks, and expanding the number of services they provide.

bookkeeping 68

bookkeeping Agriculture Hospitality Construction 68

Mark Lee

FEBRUARY 13, 2024

In this blog post I will unravel the myths surrounding soft skills, debunk common misconceptions, and explore why, what I prefer to think of as Key Business Skills (KBS), are more important than ever if you want to ensure the success of your accounting career and practice. No formal training is necessary. No formal training is necessary.

Account 52

Account accountant accounted Non-Profits 52

ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But The ability to unleash your firm’s true potential and focus in on what matters most: analyzing data, advising clients, and?uncovering The result? The result?

Technology 105

Technology Account accountant accounted 105

ThomsonReuters

SEPTEMBER 27, 2021

How can you know when your firm should offer advisory services? Let’s take a look at the different changes you might be experiencing, and how offering advisory services is a great response. Client expectations are changing. Clients have ever changing needs. Your employee’s desire more from their work.

Start-ups 52

Start-ups tax planning Tax Account 52

Withum

FEBRUARY 9, 2022

This is the 1,005 th blog I posted in the last ten years, and today will start my eleventh year of these blogs. This is primarily a business blog and I post topics clients have expressed interest in, and I am gratified to be able to help them in this manner.

intermediate accounting 59

intermediate accounting tax consultant basic accounting Start-ups 59

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

Menzies

AUGUST 10, 2023

As always there are many details within the rules but in essence, tax relief applies to: qualifying costs incurred on qualifying non-residential structures and buildings used for a qualifying activity Blog New capital allowances for buildings and structures read more WHO CAN CLAIM STRUCTURES AND BUILDINGS ALLOWANCE (SBA)?

Construction 52

Construction chartered accountant Tax accounting firms 52

ThomsonReuters

DECEMBER 5, 2022

By removing manual, time-consuming compliance tasks from workloads, tax and accounting professionals can reclaim those hours and use them for greater value activities such as advisory services. . Use technology to your advantage and plan for future success . Maximize collaboration between staff and clients .

Technology 59

Technology Tax financial statements cpa firm 59

ThomsonReuters

APRIL 25, 2024

When it comes to navigating the tax landscape of 401(k) contributions and withdrawals, it’s important for accountants to stay informed and help clients make tax-efficient decisions during their retirement years. How to engage with clients on 401(k) tax considerations What are the taxes on 401(k) withdrawals? Is a 401(k) pre-tax?

Tax 52

Tax income tax tax preparation Account 52

ThomsonReuters

AUGUST 2, 2022

From tax compliance to firm management to advisory tools, it’s time for accounting firms to use technology to reflect the modern tax and accounting workflow and meet the needs of staff and clients. And many graduates are likely looking forward to learning even more advanced technology on the job.

Account 97

Account accountant accounted Technology 97