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.

Technology 52

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Going Concern

MAY 23, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

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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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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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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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CPA Practice

JUNE 3, 2024

Top 100 accounting firm Rea & Associates has merged in Sarasota, FL-based CPA firm Koontz & Parkin, effective June 1. Koontz & Parkin and Rea & Associates will be one firm under the Rea name, continuing to operate out of the Koontz & Parkin office in Sarasota, in addition to Rea’s Ohio offices.

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Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. CPA at UHY Group Mark Welsh tells 47ABC that recruiting slowing down has meant firms are turning to AI, Bots, and international workers to help fill demand, raising prices as much as ten percent for end-users.

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CPA Practice

DECEMBER 13, 2023

Tax season can be exhilarating for its intensity but stressful if your firm has all its balls in one court. Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. By Alex Loewenstein.

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Going Concern

JUNE 6, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

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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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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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CPA Practice

JUNE 7, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review Black Ore Tax Autopilot, an AI tax prep system for CPAs, which features complete 1040 tax preparation automation. Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor.

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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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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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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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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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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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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

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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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.

Technology 98

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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

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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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

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

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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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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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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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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Ryan Lazanis

SEPTEMBER 27, 2023

If you’re a CPA firm looking to outsource your bookkeeping, you’ll want to check out this post on the 7 different options for outsourced bookkeeping for CPAs. In this article, I’ll run through some of the more modern options that might make the most sense for your firm at the moment.

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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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Snyder

NOVEMBER 17, 2022

We’ve compiled some great examples of accounting blogs to help you stay up to date on breaking news, the latest accounting software, cloud accounting, taxes, finance trends and so much more. With podcasts, webinars, and many other resources, you can educate yourself on various topics from taxes to practice management.

Account 52

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CPA Practice

JULY 27, 2023

If you are primarily a tax firm, consider what questions and applications from AI would be helpful for tax. Here are some of them: Tax Preparation and Filing : This is often the most time-consuming task in an accounting firm, especially during the tax season.

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AdviceForTaxpreparers

JULY 22, 2014

Most of us get plenty of articles in our inbox and social media from sources such as Accounting Today , CPA Trendlines , Going Concern , AccountingWeb , Journal of Accountancy , etc., Can I quit and get a better job or move to a better CPA firm? T his is the big one isn't it? on the latest updates in the profession.

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KROST

APRIL 12, 2022

Unfortunately, those benefits don’t always offset the actual cost of preparing the financial statements in accordance with GAAP. Whether they are prepared in-house or via an external CPA, GAAP financial statements take extra time, effort, and money to prepare, and they often don’t address things that owners really care about.

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Going Concern

NOVEMBER 11, 2022

It’s just a tough subject area, and you need a fifth year of college education to qualify to sit for the CPA exam. India Launches Audit Inspections After Spate Of Scandals [ Bloomberg Tax ]. National accounting firm acquires Lafayette-based PRM CPAs + Advisors [ The Acadiana Advocate ]. Accounting is difficult,” he says.

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