Ryan Lazanis

APRIL 18, 2023

Can AI Replace Accountants? AI in accounting can help improve accuracy and efficiency, reduce costs, and provide valuable insights and predictions for decision-making. In fact, ChatGPT wrote the above description: Can AI Replace Accountants? Artificial intelligence in accounting is currently transforming the industry.

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Account accountant accounted Technology 96

Basis 365

MARCH 20, 2023

The topic has been all over the news, a steep incline in prices and as businesses face the effects of inflation, adopting suitable strategies to mitigate its impact is essential. Inflation can negatively affect a company's financial performance, cash flow, and profitability.

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Account accountant accounted bookkeeping 52

Mark Lee

FEBRUARY 6, 2024

It’s an all too common scenario and I’m pleased to say that there are little tricks you can adopt that increase the prospect of such people saying ‘yes please’ rather than ‘no thanks’ (or just leaving you waiting for ages as they don’t want to be seen to have rejected you).

Non-Profits 98

Non-Profits Account accountant accounted 98

Acterys

FEBRUARY 22, 2023

To deal with economic and market turbulence, businesses must create well-rounded financial plans and monitor business performance against targets regularly. Luckily, the board of directors and C-level executives can rely on the expertise of FP&A professionals. It shows a company’s assets, liabilities, and equity.

financial statements 130

financial statements accounting and finance Sales Finance 130

LyfeAccounting

NOVEMBER 10, 2020

In today’s post, I’ll be going over ways you can increase profit in your business. Whether you’re new in your business or seasoned in the game, I’m pretty sure increasing your profits is something that you’re really interested in. Either way, I know this post is for you. Sounds good?

bookkeeping 52

bookkeeping accounting and finance payroll tax Start-ups 52

Snyder

APRIL 25, 2022

When you have a successful business , it’s important to be able to track and manage your physical goods, and inventory management will help you with that. Whether you’re just starting out or have been in the game for a while, good inventory management for small businesses will maximize your profits and minimize expenses.

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E-commerce Maine Manufacturing Start-ups 98

ThomsonReuters

NOVEMBER 21, 2023

To conclude our two-part series on year-end tax planning , we’ll explore why it’s worth your time to think strategically about client engagements and expectations for the year ahead, and how to shift your business model to address your clients’ top priorities in an advisory capacity. Or, you might consider switching to a value pricing model.

tax planning 52

tax planning Tax payroll tax Education 52

ThomsonReuters

AUGUST 1, 2023

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. While you may find yourself thinking your firm can’t afford to pay higher salaries, the truth is you can’t afford not to. hours per week.

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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

JUNE 3, 2021

Improving efficiency, driving automation, and streamlining internal processes are essential for tax and accounting firms looking to better meet increased client demands and, ultimately, generate greater profitability. . This ultimately means greater profitability for your firm, as well as greater accuracy and mitigated risk.

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Tax accounting firms Account accountant 52

Xero

JULY 7, 2022

eCommerce is lowering traditional barriers to entry for small businesses, says a new Xero study, which is creating a new generation of profitable niche operations. We surveyed 171 accountants and bookkeepers – with a collective clientele of about 6,000 small businesses – to learn how ecommerce was changing business ownership.

bookkeeping 66

bookkeeping Start-ups Retail Account 66

ThomsonReuters

FEBRUARY 20, 2024

To ensure tax compliance and resolve tax questions that may arise when conducting business-related transactions, it is critical that corporate tax specialists keep pace with local and international anti-avoidance legislation in today’s ever-changing legislative environment. Jump to: What are general anti-avoidance rules (GAAR)? Does the U.S.

income tax 52

income tax corporation tax Tax tax planning 52

Xero

JANUARY 14, 2024

We’ve only just woken up to this new world of AI, but the implications for businesses — and the economy and society at large — are hard to overstate. The race is well and truly on to make AI economically viable and sustainable, and potentially profitable. There is no shortage of hype surrounding artificial intelligence (AI).

Technology 84

Technology Manufacturing Start-ups Account 84

ThomsonReuters

MARCH 9, 2023

This one-stop-shop can help make life easier by providing comprehensive resources so you can stay ahead of the game in today’s ever-changing world of tax and accounting. Increasing and decreasing AGI For individuals, year-end tax planning commonly involves methods for increasing and decreasing AGI. What’s new? •

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Snyder

JANUARY 8, 2023

What does it mean for small businesses? This article answers the questions for anyone curious about how to start a dropshipping business: What is dropshipping? How can you find a dropshipping niche? What is a dropshipping business? Who is a dropshipper in the dropshipping business model? How to grow your business?

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E-commerce Non-Profits Start-ups Maine 98

Xero

APRIL 16, 2023

However, the potential for what it can do still remains largely unrealised, especially when you think about combining it with other technologies like artificial intelligence , blockchain , smart payments and the ‘Internet of Things’. Let’s look at one example where this sort of technology could benefit a small business.

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ThomsonReuters

FEBRUARY 24, 2023

There are several different types of K-1 forms, which we will discuss later, but the K-1 is designed to make it easier to measure the contributions of a shareholder toward the overall performance of a business. K-1s, however, are quite different and can come with some complexities for tax and accounting firms. taxpayers each year.

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Non-Profits tax return Tax income tax 59

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?

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Account accountant accounted tax return 88

ThomsonReuters

DECEMBER 15, 2022

D ue to increased demand from investors and other stakeholders, and the benefits to be gained from becoming more environmentally responsible, a growing number of companies are incorporating sustainability into their business strategies. . However, only 60 percent have sustainability strategies in place. and Canada by 2025 .

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audit Education Maine Government 59

LyfeAccounting

JANUARY 6, 2021

lot of businesses mistake profit and cash flow for being the same thing. I repeat – cash flow is NOT the same thing as profit. Getting this wrong can be the reason your business fails. Because over 90% of businesses fail because they run out of cash, not profit. It is not.

CPA 52

CPA accounting and finance financial statements Finance 52

Mark Lee

FEBRUARY 13, 2024

Along the way we all hear reference made to the need for complementary ‘soft skills’ Too often the implication is given that these are optional. And, throughout my time in practice (and since) I have always been just as keen to improve a range of key business skills. No formal training is necessary. What nonsense!

Account 52

Account accountant accounted Non-Profits 52

ThomsonReuters

FEBRUARY 9, 2023

As accountants, there’s no way to avoid the hectic nature of tax season. Amidst such a busy time, how do you ensure you aren’t overwhelming yourself or your staff? 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.

Tax 59

Tax tax return Technology accounting software 59

ThomsonReuters

DECEMBER 20, 2021

No matter the size, all businesses have their ups and downs. For small accounting firm owners, feeling as though your business is in a rut is a uniquely personal and challenging experience. However, recognizing that you have issues to fix is the first step to taking back your business and reemerging stronger than ever. .

accounting firms 52

accounting firms Account accountant accounted 52

ThomsonReuters

NOVEMBER 10, 2022

In any large company, the idea of achieving greater “efficiency” is really an ongoing effort to increase profitability by finding ways to modify various systems, processes, and workflows in order to save time and money. Left unaddressed, any one of the issues above can cost a company both money and time.

Tax 59

Tax Technology corporation tax Account 59

SchoolofBookkeeping

FEBRUARY 2, 2024

This is is the most labor intensive workflows, but will ultimately give the most robust reporting to be able to look back and make business decisions Perpetual Inventory Workflows (down the Perpetual Inventory Rabbit Hole) Perpetual Inventory is just the beginning. The basic idea is that of a reseller of goods.

quickbooks 52

quickbooks E-commerce Manufacturing Approval Workflows 52

ThomsonReuters

OCTOBER 1, 2022

Understanding your specific challenges is key to adopting an effective business strategy and spurring organic growth. Here’s a look at three ways accounting firms can do more with less. Choosing the right tax technology solution can help your firm standardize your entire tax workflow.

Account 59

Account accountant accounted Technology 59

MineralTree

MARCH 2, 2023

As the global economy recovers from the lingering effects of the COVID-19 pandemic, uncertainty remains high even amongst top business leaders. Geopolitical tensions, ongoing supply chain disruptions, and economic disruptions only add more fuel to the fire. The world of finance is constantly evolving, and this year is no exception.

AP Automation 83

AP Automation Technology accounting and finance accounts payable 83

LyfeAccounting

APRIL 15, 2021

EIDL Loan Increase Amount. The SBA just expanded the EIDL loan in two major ways: 1. First, the max loan amount was increased from a $150,00 max loan amount to a max loan amount of $500,000. First, the max loan amount was increased from a $150,00 max loan amount to a max loan amount of $500,000. It’s about time.

Non-Profits 52

Non-Profits accounting and finance cpas small business accounting 52

Snyder

JULY 13, 2022

What does this transfer to managed payments mean for their sales rates and business flow? There are multiple questions from eBay sellers starting with “ How ” and ending with “ Why ” when trying to find the best way to maintain customers, provide the best service and more with the new eBay Managed Payments. Contents: 1.

E-commerce 98

E-commerce accounting and finance Sales quickbooks 98

Withum

MARCH 18, 2022

As more and more data comes in and the requirements for data literacy increase, understanding what Power BI looks for in the data model, from cardinality and relationships to filter flow and evaluation context, is critical. In this blog, I will briefly share my knowledge of these concepts in hopes of keeping the conversation going.

Non-Profits 52

Non-Profits Construction Start-ups Sales 52

LyfeAccounting

JUNE 30, 2021

Do you need a loan to get your business up and running? About 43% of small businesses applied for business loans last year. So in today’s post, we will break down the steps necessary to increase your chances of getting approved for business loans… …and start that business you’ve been dreaming about.

Real Estate 52

Real Estate financial statements accounting and finance Start-ups 52

Snyder

SEPTEMBER 22, 2022

When a newbie entrepreneur enters the world of e-commerce, the first question that troubles their mind isn’t even what to sell, but where to sell for profit. bn), Amazon provides a successful online retail platform for businesses of all scales and sells its own branded goods and services. How profitable is dropshipping on Amazon?

E-commerce 52

E-commerce Manufacturing Start-ups Retail 52

Accounting Insight

APRIL 5, 2023

Net-zero means that a business has reduced the greenhouse gas emissions from its operations and value chain by 90%. So, what’s the best way to get there? Businesses increasingly want to be part of the solution and take climate action, with net-zero representing the ultimate goal. p.a *) by 2030, in line with climate science.

Start-ups 59

Start-ups Legal Account accountant 59

Snyder

JANUARY 5, 2023

There’s no doubt that every business aspires to grow. With everybody selling or buying something on a daily basis, which means a lot of competition, the major thing is to implement some working strategies that can help a company scale steadily. Changing sales landscape: challenges. Savvier and more sophisticated customers.

Sales 52

Sales E-commerce Education Maine 52

Snyder

DECEMBER 27, 2022

Freelance accounting is increasing in popularity. With the rise of online platforms like Upwork, Fiverr, and Remote.co, more and more people are working remotely to offer their services to businesses worldwide. This means that nowadays, freelancers have greater opportunities to find work and grow their businesses faster.

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Snyder

APRIL 22, 2022

You can promote what you’re passionate about and reap the benefits while working from home. What’s more, no startup budget or special knowledge is required, which means that the only resource you need is your time. These beauty gurus earn commissions for each purchase and it can be a very lucrative business! Interested?

E-commerce 52

E-commerce Start-ups Sales accounting and finance 52

LyfeAccounting

SEPTEMBER 15, 2020

As your business grows, you’re eventually going to be faced with a hard decision. But you’re probably wondering, what is the best salary for small business owners? I will tell you the business reasons in determining how to pay yourself. I’m going to show you how I pay myself in my own business, and what you need to consider.

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Tax accounting and finance tax planning CPA 52