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5 Cyber Tips for CPAs for Tax Season and After

CPA Practice

More so, with cyber criminals now leveraging the power of AI to maximize their outputs, CPAs owe it to their firms, and to their clients, to prioritize an often swept-under-the-rug approach to cyber security. Share Documents Securely: Implement strict protocols for handling sensitive client documents.

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Sidney Kess, Tax Attorney and Author, Has Died at Age 97

CPA Practice

He was tireless—and successful—in his commitment to making the accounting profession better for all of us,” said Gail Perry, CPA, editor-in-chief of CPA Practice Advisor. Robert Keebler, a partner at Green Bay, WI-based CPA firm Keebler and Associates, called Kess “a wonderful man and one of the visionaries of the profession.” “Sid

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How to embrace change and unlock your firms potential

ThomsonReuters

The right technology can streamline your firm’s workflows and automate manual processes, creating more time for tax strategy and advisory services. With a proactive approach, your firm can deliver better value to clients — and in less time, with increasing profitability. The software automatically updates behind the scenes.

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Bookkeeping vs. Accounting: What’s the Difference Between Bookkeepers and Accountants?

Snyder

The main responsibility for a bookkeeper is to be perfectly accurate, that’s why there has been an increasing transition to using bookkeeping or accounting automation software to avoid mistakes that come from manual data entry. Otherwise, you can outsource accounting to a CPA firm. How much does hiring accountants cost?

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Remote Is Remote

RitaKeller

Also, some questions for firm owners. CPA firms have survived during the last couple of years by being able to utilize remote workers. Qualified people will prepare your tax returns (and many other tasks) for much less money. What if no one is willing to pay New York City wages for people who work in Idaho?”

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Types of Trusts

KROST

Requires filing of an income tax return. Requires filing of a gift tax return. Any appreciation in Trust B is subject to income or capital gains tax by the beneficiaries when the beneficiaries sell the appreciated assets. Requires a separate tax return. Requires a separate tax return.

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Tax Preparers Rejoice! Here’s How To Prepare SECURE 2.0 Form 8881 Retirement Tax Credit If You Use Gusto & Guideline

Nancy McClelland, LLC

In my recent MSN article about choosing the best state-mandated small business employee retirement plan solution, I cite this as one of the main reasons to go with Guideline.) I want to shout it from the rooftops, because it’s a massive timesaver. And now we’re superstars to them.