TaxConnex

APRIL 20, 2021

This time of year, everybody’s mind is on income tax preparation. And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. Either those that they’ve hired internally or the trusted CPA firm they’ve utilized for years.

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Sales Tax tax return income tax 139

AdviceForTaxpreparers

JULY 29, 2019

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. by Bill Meador, CPA, JD. I put together this post to bring together any funny and entertaining accounting and tax videos, puns, jokes, pictures, etc. AT THE IRS “Why are we paying so much tax?” Client: 80k.

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ThomsonReuters

AUGUST 10, 2021

Progress in technology, changes in policy, and changes public opinion are a few of the factors that impact CPA firms and how they work within their team and with clients. . Many preventative measures can be taken to ‘future-proof’ your firm, making certain you will not be left behind as changes occur.

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CPA Practice

AUGUST 15, 2023

Plus, by adding RA services to your CPA firm, you’ll become your clients’ one-stop solution for their business needs, including accounting, tax, and compliance services. She is the CEO of CorpNet , the smartest way to start a business, register for payroll taxes, and maintain business compliance across the United States.

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ThomsonReuters

JUNE 8, 2023

Tax season can be a hectic time for tax professionals, but the off-season is a perfect opportunity to take stock of your practice and make sure you’re ready for the upcoming year. These programs also provide self-help resources for those needing guidance with taxes.

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ThomsonReuters

AUGUST 2, 2022

The mass exodus of employees from the workforce—known as The Great Resignation—is impacting the accounting profession and leaving firm managers scrambling to find quality staff. Increasing productivity with tax technology. So, how can tax technology boost the agility of your firm? Streamline the entire tax workflow.

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CPA Practice

JULY 31, 2023

In today’s globalized world, offshoring and outsourcing have become prevalent strategies adopted by CPAs, accounting, and tax firms to optimize their operations, minimize expenses, and tap into specialized expertise. Customize these assessments to meet your firm’s specific requirements and objectives.

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AdviceForTaxpreparers

JUNE 15, 2014

One of the constant problems for CPA firms with individual clients is getting all of their information in time to prepare, review and file their return before the October 15 th deadline no matter how many times they are asked for their information. click to keep reading.].

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ThomsonReuters

JUNE 15, 2022

The foundation of a successful tax practice rests on the technical knowledge of your people. While you can create a modern firm with automated processes and expansive service offerings, your clients won’t keep coming back if your team isn’t up to speed with the most recent tax law changes.

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CPA Practice

APRIL 30, 2024

When you incorporate predictive analytics, generative AI and other advanced technologies into everyday workflows at your CPA firm, you are taking on much more than a technology upgrade. Meanwhile, generative AI is fast becoming a go-to tool for teams responsible for creating financial reports, tax documentation and more.

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Going Concern

AUGUST 31, 2023

Are you struggling to hire remote accountants, auditors, or tax professionals right for your firm or internal team? Accountingfly is ready to partner with you! Gain full access to a pool of highly skilled and experienced remote accountants ready to join your team with Always-On Recruiting. Tech Stack: QBO, QBD, UltraTax, etc.

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Nancy McClelland, LLC

JANUARY 30, 2024

Tax preparers everywhere spent the past two months gearing up for yesterday’s “opening day” of tax season, January 29th. Never mind that the IRS e-file has been offline since November 18th, because it takes over two months to reprogram the systems for new tax laws, updates, and edits to tax forms.

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CPA Practice

JUNE 8, 2023

The accounting profession has been facing a staffing crunch brought on by fewer college graduates entering the profession and experienced tax practitioners transitioning to different careers in accounting. However, with the rapid evolution of technology, navigating the high-density workloads brought in annually by tax season can improve.

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MyIRSRelief

FEBRUARY 1, 2022

This includes the very important topic of taxes (preparation, planning and representation). This article is designed to discuss the benefits of hiring and working with a Los Angeles CPA and or an EA. Below will be some frequently asked questions that cover the benefits of using an EA or a CPA for your business finances.

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Nancy McClelland, LLC

DECEMBER 1, 2023

They do a nice job of speaking both to bookkeepers and tax professionals, as well as tech-related and accounting-adjacent firms. I feel like the bookkeeping and accounting practices are often dancing technology circles around tax firms — and yet CPAs still look down on them as if they were data entry robots.

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Nancy McClelland, LLC

DECEMBER 1, 2023

They do a nice job of speaking both to bookkeepers and tax professionals, as well as tech-related and accounting-adjacent firms. I feel like the bookkeeping and accounting practices are often dancing technology circles around tax firms — and yet CPAs still look down on them as if they were data entry robots.

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Accounting Today

NOVEMBER 29, 2023

The company has added outsourced tax and advisory services for CPA firms as part of the renaming.

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CPA Practice

AUGUST 1, 2023

Cetrom , an IT provider of custom cloud hosting solutions for CPA firms, has rolled out a new universal API technology – Cetrom Connect – which enables secure and reliable communication between both local and cloud networks over the internet.

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Going Concern

JUNE 28, 2023

According to the recently released Thomson Reuters 2023 State of the Tax Professionals Report [ PDF ], talent is no longer firms’ most important priority. Priorities are aggregated by number of mentions from surveys of more than 500 tax leaders around the world and grouped by theme: Here’s another. First, the chart.

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Going Concern

FEBRUARY 16, 2024

The author’s research found that conflict surrounding work-life balance practices, and perceptions of unfair treatment with regard to their application within a CPA firm, were directly correlated to employee turnover intentions. I’m a professional tax preparer.” The system then breaks down. ” she said.

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CPA Practice

SEPTEMBER 5, 2023

(DBS), a global provider of outsourced accounting, bookkeeping, finance, tax preparation, audit & assurance, payroll and demand generation & data services, has announced the appointment of Hitendra Patil as the President of its global CPA outsourcing services business.

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ThomsonReuters

JANUARY 29, 2024

The challenge for CPA firms is to create an environment and a career path that talented young people find appealing. This is where technology, particularly tax automation, plays a pivotal role. The role of tax automation Automation is a strategic asset in recruitment and retention.

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Going Concern

MARCH 22, 2023

After a frantic search, the Trump Organization settled on the firm of Whitley Penn, LLP (“Whitley Penn”) based out of Fort Worth, Texas to perform audit services, compilation services and tax preparation services, including the preparation of an SOFC for the year 2021.

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Going Concern

FEBRUARY 9, 2024

Big 4 Big Four Lobby Congress on Accounting Pipeline, AI, Crypto [ Bloomberg Tax ] PwC spent the most at $3.27 The Big Four firms targeted a portion of their millions in Capitol Hill spending last year on a pivotal problem facing the industry: shoring up a dwindling supply of qualified accountants. Tax Betting on the Super Bowl?

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ThomsonReuters

JUNE 15, 2021

Starting your own CPA firm may seem like a distant fantasy, but with barriers to entry lower than they’ve ever been, it could be closer than you think. Most small CPA firm owners have years of experience working for larger firms and find themselves wanting to utilize that experience to serve clients in their own way.

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Going Concern

JANUARY 26, 2024

His tenure includes positions as Head of London Audit and Tax, Head of People and Client Experience, and most recently, Chief Operating Officer since 2019. His appointment as CEO, subject to regulatory approval, marks the beginning of a new era for the firm. “I Good Luck With That! There’s a shortage of accountants in the U.S.

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Going Concern

DECEMBER 2, 2022

Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. Based on my experience, I believe some of these reasons are personal and individual, but far too many of these reasons are caused by CPA firms’ leadership and can be avoided or mitigated.

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CPA Practice

APRIL 21, 2023

Financial planning can encompass a wide range of services, some of which include: Retirement planning Tax planning Estate planning Insurance planning Guiding clients through these critical planning processes and providing your expertise will only strengthen your relationships and help improve client loyalty.

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Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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Going Concern

JANUARY 5, 2024

Big 4 Big Four Reshape Consulting Workforce, Strategy With Rare Layoffs [ Bloomberg Tax ] The Big Four accounting firms have leaned into their tech advisory work and data analytics services—areas ripe for revenue growth—as interest rates and the artificial intelligence boom reshaped demand for consulting services. Happy trails, Tom!

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Going Concern

OCTOBER 20, 2023

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach [ PR Newswire ] Cherry Bekaert is pleased to announce the completion of an acquisition transaction with PKF Mueller, a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area. This move, effective Nov.

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RitaKeller

AUGUST 31, 2021

Some firms have turned to Paro to obtain experienced tax and accounting skills. Here is the landing page for Paro For CPA Firms. They already have an onboarding process so that they can make sure it is a successful bridge between the firm and the freelancer. So, how will you get through the 2022 busy season?

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Basis 365

MARCH 30, 2023

Many business owners didn't even know this existed and were comparing our pricing against bookkeepers or CPA firms and needing to understand why there were such extremes. CPA firm : CPAs are generally going to be the most expensive option. CPA firm : CPAs should be capable of full GAAP accrual financials.

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ThomsonReuters

FEBRUARY 13, 2024

Clearly outline all services that your firm provided (e.g., 1040 preparation, financial advisement, bookkeeping). 3 ways to stay organized with invoices during busy season Busy season tends to make everything more challenging, so your firm needs to have a firmly established workflow. penalty for late document submission).

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Ryan Lazanis

JANUARY 23, 2023

How to Find Virtual Assistants for Your CPA Firm Now that we know what VAs can do and how they can help CPAs, it’s time to find a virtual assistant for your firm. Keep in mind that experienced CPA VAs may have additional skills, such as tax preparation, but may charge a higher rate.

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CPA Practice

AUGUST 16, 2023

During a recent CPA firm technology assessment, I repeatedly heard the term software exhaustion. The firm had tried to innovate with lots of tools and platform changes in a short time without a strategic plan in place. We have seen the extension of Corvee Tax Planning and Zoho One with AI earlier this year. Not so much.

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CPA Practice

MAY 12, 2023

Expanding Teams with Outsourced Professionals It wasn’t that long ago that accounting firms were reluctant to bring in offshore resources to round out their teams and meet client needs. By partnering with an outsourced provider, CPA firms can deliver vital data using technology-driven resources that deepen client “stickiness” and commitment.

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