article thumbnail

Bookkeeping Fundamentals for Small Business Owners

DuctTapeMarketing

Bookkeeping Fundamentals for Small Business Owners. Bookkeeping Fundamentals for Small Business Owners. A growing number of small business owners are outsourcing their bookkeeping to cloud-based companies that wrap around accounting software. Small Business Finances Bookkeeping Consultant Network and Training. 0 Comments.

article thumbnail

Most Tax Pros, Corporate and Public, Believe AI Should Be in Their Toolbox

CPA Practice

More than three-fourths (77%) of tax professionals believe AI technology can be applied to their work, and more than half (56%) of in-house corporate tax teams think their external tax advisers’ firms should be using AI, shows a new report by Thomson Reuters.

Tax 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Accounting Transactions that Use Journal Entries and How to Enter them in QBO

Ronika Khanna CPA,CA

Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax. Accounting software has come a long way in the past few years.

article thumbnail

New report shows opportunities and risks for tax professionals with GenAI

ThomsonReuters

I would not want to be too dependent on it,” said one corporate tax director. However, in the long-run, I think it will be a valuable tool.” How are tax professionals using generative AI? 69% of tax professionals specifically pointed to tax return preparation as a task for GenAI.

Tax 98
article thumbnail

How we’re making it easier for practices in the UK to manage clients in Xero

Xero

Here are our latest updates and what they mean for accountants and bookkeepers in the UK. We’ve also included a Capital Gains report to show breakdown of disposals for Capital Gains Tax. This will help you work more efficiently, collaborate with your clients more effectively, and manage everything for your practice within Xero.

article thumbnail

Accounting software specialist bright launches brighttax, a new cloud-based tax and compliance product

Accounting Insight

Accountants will be able to access client information in-browser to work on and submit Individual Tax Returns, VAT returns and Corporation Tax returns to HMRC as well as annual accounts to Companies House.

article thumbnail

Dates and Deadlines: When You Can File Small Business Taxes in 2022

xendoo

These businesses can also file for a tax extension, and this extension must also be received by April 18. Once your extension is approved, your new tax deadline becomes October 17, 2022. It’s important to remember that your tax return must be at least postmarked by the due date. This date, of course, assumes you’re ready.