ThomsonReuters

FEBRUARY 28, 2024

By this time, she had also acquired a number of clients whom she had trusted relationships with. Would you follow me one more time?’ Yes, it’s about time.’ Her firm is also staffed by four full-time employees and a few part-time positions that are outsourced. “I view the tax firm as my own Google experiment,” Shaul says. “I

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

Xero

SEPTEMBER 25, 2023

This guest blog was written by the team at the leading bank payment solution, GoCardless. As you’re at the centre of your customers’ financial processes, you’re in the perfect position to make strategic recommendations and add greater value to their businesses. But it’s not all doom and gloom.

Account 90

Account accountant accounted Start-ups 90

ThomsonReuters

JULY 6, 2023

The short answer to this question is to shift away from hourly billing to value-based pricing. With a value-based approach, your firm assigns a price based on the value your services bring to the client. Instead, your firm should base its accounting advisory services pricing around the value you bring to clients.

Account 98

Account accountant accounted tax return 98

ThomsonReuters

JANUARY 31, 2024

Tax season can be a stressful and hectic time for both tax professionals and their clients. By using data analytics, client portals, and scalable tax software, you can provide more value to your clients, streamline your workflows , and stand out from the competition.

Tax 52

Tax Technology Account accountant 52

Xero

OCTOBER 17, 2023

This initiative celebrates Xero’s valued accountants, bookkeepers, and app partners by putting them in the spotlight and recognizing their commitment to excellence and ongoing support of the small business sector. Thank you to each and every one of you who took the time and commitment to submit an entry.

bookkeeping 88

bookkeeping Account accountant accounted 88

ThomsonReuters

AUGUST 25, 2023

When businesses deduct the declining value of assets used in their income-generating activities, it reduces the amount of taxable income they must report to tax authorities. Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? 1, 2023.

corporation tax 98

corporation tax Tax income tax financial statements 98

ThomsonReuters

MARCH 16, 2023

As background, applicable large employers (ALEs) may be liable for an employer shared responsibility penalty under Code § 4980H(a) if they fail to offer minimum essential coverage to a sufficient number of full-time employees. 2023-17 (Mar. Current and previous penalty amounts are available on an IRS Q/A page.)

Tax 105

Tax Account accountant accounted 105

CPA Practice

MAY 12, 2023

It may sound like a simple task, but to do it justice, you must take the past into account and identify future goals for a period of time, such as the one, three, and even five years. Calculate it by tracking campaign lead source, campaign cost, lead and customer tracking, customer lifetime value, sales cycle length, and customer journey.

Sales 98

Sales Account accountant accounted 98

ThomsonReuters

SEPTEMBER 25, 2023

This can save time, reduce errors, and free up professionals to focus on more complex and creative work. Client communication benefits through AI Tax and accounting professionals face increasing demands from their clients and internal stakeholders to provide timely and accurate advice.

Tax 104

Tax Account accountant accounted 104

ThomsonReuters

AUGUST 3, 2023

This additional value is not captured in hourly pricing. Positioning your firm as one that embraces technology internally helps align your firm’s mission and values with those of your clients who are faced with embracing innovation and opens the doors to clients in emerging industries.

Technology 98

Technology accounting firms Tax Account 98

ThomsonReuters

JULY 25, 2023

If your firm is considering an investment in tax technology, the time is now. The survey also indicated that advisory practices are continuing to use technology to innovate and embrace new business models to maximize value for their staff and clients. But how do you make the case for AI and maximize this revolutionary opportunity?

Technology 98

Technology Tax audit accounting firms 98

ThomsonReuters

FEBRUARY 23, 2023

Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. The advisory relationship is the bedrock that enables you to form trust and provide higher-value services to your clients. Let’s take a closer look.

Tax 105

Tax Expense Reimbursements Education Account 105

Xero

NOVEMBER 14, 2023

This is time consuming and can lead to errors, such as entering the wrong invoice amount or bank account, or sending the invoice to the wrong contact. Businesses can spend valuable time chasing customers for payment, which may impact their cash flow. The invoice arrives as a pre-populated bill, ready to be approved and paid.

small business accounting software 103

small business accounting software accounting software accounting system bookkeeping 103

ThomsonReuters

MARCH 8, 2024

Take the time to audit your existing services and redefine your offerings by distinguishing between advisory and compliance services — and figuring out how to monetize the value of that difference. When it comes to changing pre-established practices in your firm, the logistics can feel like a moving target. This is how we do things.

cpa firm 96

cpa firm CPA Technology Tax 96

Xero

OCTOBER 4, 2022

This year, Xero received five stars in every driver of satisfaction, a pretty awesome achievement that shows just how much our customers value our software. . It’s been an incredibly tough time for small businesses in New Zealand, and having providers such as Xero lighten the administrative load makes a big difference. .

accounting software 87

accounting software small business accounting software Account accountant 87

ThomsonReuters

MAY 16, 2024

While adoption isn’t yet fully widespread, more than half of the professionals surveyed in the 2024 Generative AI in Professional Services Report believe that they should use GenAI in their daily work — and they’re already planning for the specialized tools that will create this reality. Let’s take a look. Fraud detection.

Tax 52

Tax Account accountant accounted 52

Mark Lee

MARCH 12, 2024

I hope you would agree that clients choose you as their accountant because they believe that your services will be of more value to them than those of a cheaper accountant. I would suggest that increasing the perceived value of your services is better for you than lowering your fees and settling for lower profits.

Non-Profits 52

Non-Profits Account accountant accounted 52

Withum

MARCH 26, 2024

However, I also read how it was going to be done and that precipitated this blog. They will get a full deduction for the value and do not need to pay any tax on the capital gain. If the ACS did not wait the three years, and all other provisions were adhered to, Snyder would lose the deduction of the appreciated value of $25 million.

Real Estate 59

Real Estate Tax CPA Sales 59

Xero

SEPTEMBER 11, 2023

It’s easy for your clients to apply We know that many of your clients are strapped for time and just want to focus on running their business. We’ve listed out the application process and tips on how to apply in our blog post here. We’ve listed out the application process and tips on how to apply in our blog post here.

bookkeeping 87

bookkeeping Account accountant accounted 87

CPA Practice

MAY 18, 2023

From the Thomson Reuters Tax & Accounting Blog. With Mental Health Month upon us, this is a good time to think about strategies to ensure that your teams maintain a healthy work-life balance. Allowing employees to take regular time off helps to reduce stress and provides them with the opportunity to recharge and refocus.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

FEBRUARY 23, 2023

Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. The advisory relationship is the bedrock that enables you to form trust and provide higher-value services to your clients. Let’s take a closer look.

Tax 98

Tax Expense Reimbursements Education Account 98

Xero

JANUARY 29, 2024

The new version is built on the latest technology and features time-saving tools that make it easier to customise your invoices and simplify the way you get paid. Our teams have big plans to add even more value to the new version of invoicing in the future, including features that we know are important to you.

Tax 111

Tax audit Sales Technology 111

ThomsonReuters

JUNE 16, 2023

This article will explore how current technology can help accountants find the time they need to broaden their skillsets and further propel their career. data mining and visualization, predictive analytics) ranked high, with 87 percent of firms valuing that skill, followed by advanced taxation (e.g., What is upskilling?

Account 98

Account accountant accounted Technology 98

Withum

FEBRUARY 7, 2023

This is the 1,058 th blog I have posted in the last 11 years. My first blog was posted on February 7, 2012, and it seems like a long time ago and also seems like yesterday. Time flies when you enjoy what you are doing and also when you are engaged in new things. In particular, my blog about Dr. Martin Luther King Jr.

public accounting 59

public accounting Start-ups Account accountant 59

Withum

MAY 26, 2022

There are many things that affect the value of stocks — too many to sensibly grasp and use to determine what stocks to buy, so I suggest simplifying your decisions by investing through mutual funds. Anything less leaves you too susceptible to wide short-term swings, which we are going through at the present time. Earnings do.

Tax 105

Tax income tax Government tax return 105

ThomsonReuters

OCTOBER 27, 2023

Another challenge is that some clients don’t appreciate the value you’re giving them when you do offer pro bono services. As we consistently tell Practice Forward firms: make sure you’re articulating your value. One reason firms fail to plan is that it’s difficult to decide how much to give away and to whom.

Account 59

Account accountant accounted accounting firms 59

CPA Practice

MAY 10, 2024

Compliance implementation is often costly and time-consuming, with many relying on inefficient manual or fragmented tech solutions. Additionally, integrated certification and remediation management ensure timely resolution of exceptions, empowering internal audit teams to provide strategic value.

audit 52

audit auditor accounting and finance Finance 52

ThomsonReuters

FEBRUARY 16, 2024

The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations. Whether it’s regulatory requirements, such as DAC7, GMT, BEPS 2.0

corporation tax 96

corporation tax Technology Tax accounting and finance 96

ThomsonReuters

NOVEMBER 14, 2023

The power of gratitude You probably say “Hey, thanks” several times a day. How do you show your employees, peers, and even your bosses that you truly value their support and contribution? How do you show your employees, peers, and even your bosses that you truly value their support and contribution? Be genuine.

Tax 75

Tax business tax Account accountant 75

Mark Lee

FEBRUARY 6, 2024

One thing that remains as challenging for accountants today as it was when I was in practice is that of converting prospects into valued clients. In this blog post you’ll learn what it takes. Having said that, you do need to have confidence in the value of your services. double glazing and life assurance.

Non-Profits 98

Non-Profits Account accountant accounted 98

CPA Practice

MARCH 31, 2023

As our most valued partners, we wanted to dig deeper into what macro trends are impacting accountants so we can continue to focus on further developing the technology they need most to grow their businesses. “As The survey was sponsored by Intuit Inc.,

Technology 128

Technology quickbooks Account accountant 128

Xero

MARCH 11, 2024

The paid Stripe add on will continue to be available during this time, after which customers may choose to use their Stripe account separately. The paid Stripe add on will continue to be available during this time, after which customers may choose to use their Stripe account separately. What do Xero Go customers need to do?

bookkeeping 68

bookkeeping payroll Start-ups Event Production 68

Xero

APRIL 9, 2024

Small business productivity is the measure of how much value a business can produce using the resources it has at its disposal (ie staff, capital, materials). Small business productivity is the measure of how much value a business can produce using the resources it has at its disposal (ie staff, capital, materials).

Technology 87

Technology bookkeeping Sales Government 87

Mark Lee

NOVEMBER 7, 2023

They want short cuts, they want to know what works and what would be a waste of time and money. l am regularly approached by accountants who want to know how they can get more clients. And many more accountants are asking each other similar questions in groups on facebook. Today I’m going to outline how I address such questions.

Account 94

Account accountant accounted Start-ups 94

CTP

APRIL 10, 2024

In a previous blog , we discussed the benefits of the 1031 exchange. Those properties likely do not have the exact same fair market value or same mortgage amount on the property, so the partners will have to formalize an agreement on how profits will be allocated when a property is sold.

Real Estate 105

Real Estate Tax tax planning tax return 105

ThomsonReuters

NOVEMBER 9, 2023

There is no doubt that tax professionals are hard to find, let alone replace. As you analyze your staffing needs for the next year, consider the following: Embrace non-traditional talent. In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent.

tax planning 105

tax planning accounting firms Tax Account 105

ThomsonReuters

APRIL 26, 2022

Tax and accounting firms of all sizes need dependable systems and procedures to deliver the best value to their clients. Finding the right accounting software for your firm will keep business records organized, improve operational efficiency, identify areas for improvement, and help you manage growth over time.

accounting software 98

accounting software Technology Account accountant 98