CPA Practice

NOVEMBER 10, 2023

How can accountants help their clients get ahead of messy data collection and unruly tax preparation? It’s common practice for retailers to have their POS systems linked into their accounting systems, where they track information related to business finances including deposits, withdrawals, sales, and more. Let’s dig in.

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ThomsonReuters

MAY 6, 2022

Many CPAs offer consulting services alongside regular tax preparation, which helps create additional revenue for the firm and provides additional support for clients. Offering more services than just tax preparation is beneficial because it ensures an accounting firm has more cash flowing from different areas.

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accounting firms tax preparation Account accountant 93

CPA Practice

MARCH 12, 2024

This year’s participants include seven early-stage companies leveraging artificial intelligence aimed at creating efficiencies and enhancing value in services across audit, accounting, tax advisory and firm management.

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cpas Technology accounting and finance audit 52

MyIRSRelief

OCTOBER 2, 2023

You don’t have a lot of money to spend on accounting and tax services. The truth is, accounting, taxes and bookkeeping are essential for all businesses, regardless of size or age. Here are just a few of the reasons why: To track your finances. This information is essential for making informed business decisions.

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tax services bookkeeping bookkeeping services Tax 130

CPA Practice

MARCH 22, 2024

Now extended to North America, the solution empowers CFOs and tax leaders in multinational companies to: Get ahead of and support OECD Pillar Two requirements by collecting, aggregating, harmonizing, and storing the new data sets required to perform complex calculations across local, group, finance, and tax consolidation.

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ThomsonReuters

JANUARY 28, 2022

Companies that only offer tax services have to start over each year building a brand through marketing and advertising. By offering services that last throughout the year, you can keep your business at the forefront of customers’ minds even when they don’t need tax preparation. Business tax preparation.

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CPA Practice

DECEMBER 13, 2023

Mention a broad solution (payroll management, for example) and ask if they would like to book an appointment now to work on resolving their challenge after tax season. Separate planning sessions from work sessions: Co-mingling tax planning and tax preparation ultimately provides less value to the client and reduced revenue for your firm.

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CPA Practice

FEBRUARY 23, 2023

A lot of it comes down to a lack of organization and preparation. The FreshBooks survey found that 43% of small business owners procrastinate when it comes to tax preparation, with the majority saying they do not have enough time, and/or they do not understand what they can do to be better prepared to file.

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Ronika Khanna CPA,CA

MAY 3, 2024

For more significant changes that you have some doubt about, I do always recommend contacting an accounting or tax preparer to help you with the process. For more significant changes that you have some doubt about, I do always recommend contacting an accounting or tax preparer to help you with the process.

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tax return Tax income tax tax preparation 98

Going Concern

JANUARY 3, 2024

For 12 years until 2011, the firm — then known as RSM McGladrey — was part of the publicly listed tax preparer H&R Block. “It tax preparer looks to jettison the underperforming division and focus on its core business. Becker cited RSM’s own history as a reason for not wanting to follow suit.

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tax preparation accounting and finance cpas Tax 104

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? This situation worsened in 2023,” says the report, which was tabled in council in March.

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Shay CPA

FEBRUARY 28, 2024

3: Do the work to maximize deductions If you have a finance team, work with them to flag expenses that might be deductible. If you are the finance team, do this work yourself. Gusto, Justworks) Rent (including WeWork/coworking spaces) Taxes (e.g., Delaware Franchise Taxes) Training/education Utilities (e.g., We can help.

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CPA Practice

DECEMBER 15, 2023

Accounting software also simplifies tax preparation by identifying taxable income and deductions with ease. Ask dozens of accounting professionals and most will agree that using accounting software is an important part of managing a business. Not all small businesses are on board yet.

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CPA Practice

APRIL 30, 2024

Automation of routine and repetitive tasks Leading finance and accounting organizations have relied on robotic process automation (RPA) for years to handle back-office tasks like data entry and basic financial reporting. Saah earned a finance degree from Virginia Tech. The company has more than 300 locations worldwide.

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Technology CPA cpa firm accounting and finance 52

SchoolofBookkeeping

FEBRUARY 24, 2024

The product comes equipped with tools that track and categorize business trips, ensuring that solopreneurs are tax-ready year-round. This feature alleviates the stress associated with tax preparation, allowing business owners to focus on their core activities. Read the full press release here.

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quickbooks tax preparation accounting and finance Gaming 52

MyIRSRelief

FEBRUARY 1, 2022

A CPA or Certified Public Accountant, or EA Enrolled Agent is a specially trained professional who knows all of the necessary rules and regulations regarding business finances. This includes the very important topic of taxes (preparation, planning and representation).

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Withum

JANUARY 17, 2022

Financial affairs include organizing your investments, determining doable goals, simplifying your investments, working to reduce your tax preparation fees and claiming unclaimed funds. There is also a third category for people that own businesses.

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tax return tax preparation accounting and finance Entertainment 105

Steve Feinberg

AUGUST 9, 2023

From invoicing to income tracking, bookkeeping, and tax preparation, the financial aspects of running a web design business can be time-consuming and complicated, even for the most organized business owners.

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quickbooks bookkeeping accounting and finance tax preparation 52

ThomsonReuters

APRIL 18, 2022

It helps everything run smoothly on the finance side and ensures that every company you deal with is paying the correct taxes. This will help you build a plan of action to make next year’s tax season a little more manageable. Keep an open dialogue to support tax preparers and the rest of the team.

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tax preparation Technology Tax accounting and finance 104

ThomsonReuters

JULY 6, 2023

If you’re looking to transition out of the accounting profession, consider entering an adjacent industry like finance or banking, or perhaps working directly for a corporation. Career paths in finance can be personal, corporate, or public, similar to accounting. What career can an accountant switch to?

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ThomsonReuters

NOVEMBER 8, 2022

Use automation to generate tailored document request lists and the retrieval of documents while using APIs to automate integration with your tax, document, and workflow software. . Tax preparation. Automate workpaper preparation and data entry with an option to outsource data verification.

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CPA Practice

AUGUST 29, 2023

Some of the leading applications of the technology are devoted to things like digital payments, investing, or personal finance management. Although 57% of users say that they prefer fintech to handle routine financial tasks, they still rely on their accountant to handle nuanced services like tax preparation or estate planning.

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accounting and finance Technology tax preparation Finance 75

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals may find that some outside of the profession do not fully understand the differences between an accountant and a tax preparer. So, what are the differences?

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Acterys

DECEMBER 20, 2023

Accounting firms provide financial management services to businesses, including advisory services, bookkeeping, tax preparation, and auditing. Finance transformation builds on larger digital trends inside businesses. Learn more about how to implement finance digital transformation and how agile reporting helps your firm.

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accounting firms Finance Account accountant 130

PYMNTS

AUGUST 12, 2020

You might know Intuit as the financial services company that is home to the personal finance app Mint and tax preparation app TurboTax , among other offerings. At issue are antitrust concerns tied to the tax preparation market. More recently, Intuit struck a deal to buy Credit Karma for $7.1

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tax preparation quickbooks bookkeeping Tax 110

CPA Practice

NOVEMBER 7, 2023

Black Ore , an AI platform for financial services, has launched and announced $60 million in financing led by a16z and Oak HC/FT. Its flagship product, Tax Autopilot, combines its proprietary AI technology with federal and state tax codes & regulations to automate the tax preparation and review process.

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Technology cpas tax preparation tax return 59

LyfeAccounting

FEBRUARY 14, 2021

There is no higher designation in the finance or accounting industry than the CPA license. What Can a CPA Do That Your Bookkeeper or Tax Preparer Cannot? Your tax preparer cannot represent you in court on a tax matter , a CPA can. And for a lot of people with very simple finances, that’s completely fine.

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CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ).

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quickbooks payroll Technology audit 130

Basis 365

JANUARY 13, 2023

Small businesses can outsource bookkeeping services if they need help managing their finances. They manage financial transactions, track cash flows, manage accounts receivable/payable, reconcile bank account accounts, prepare financial reports, and perform other tasks. What are the responsibilities of outsourced bookkeeping?

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bookkeeping bookkeeping services tax preparation accounting and finance 98

Steve Feinberg

DECEMBER 22, 2023

Understanding your tax situation can help you make informed decisions about business expenses, pricing, and overall financial planning. Hiring an accounting service or professional business tax preparer can help you navigate the complex and ever-changing tax laws and regulations your business is subject to.

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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. Datamatics Business Solutions, Inc.

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MyIRSRelief

APRIL 29, 2024

Audit Representation: In the event of an IRS audit, a qualified tax professional will represent your business, ensuring your rights are protected and navigating the process efficiently. The benefits of partnering with a specialized tax and accounting firm extend far beyond compliance and tax preparation.

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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. The fact is, when it comes to many companies’ federal and state income tax returns, they don’t rely on an automated income tax return.

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xendoo

AUGUST 2, 2021

You may soon discover that tax preparation takes a considerable amount of time and attention, both of which could be better spent on growing your business. Modern CPAs can specialize in a variety of areas, including: Tax preparation. What Does a Bookkeeper Cost? According to the U.S. IT auditing. Managerial accounting.

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PYMNTS

FEBRUARY 23, 2020

Intuit is close to finishing a deal to buy personal finance portal Credit Karma for around $7 billion in both cash and stock, according to The Wall Street Journal. The deal will push the bookkeeping software giant more into the realm of consumer finance, people familiar with the deal said.

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Accounting Insight

MAY 1, 2024

With constantly changing tax regulations and complex calculations, ensuring compliance can be a daunting task, especially for businesses that operate in various countries (and/or have clients who do.) AI-powered tax software can automate the process of tax preparation, minimising the risk of errors and ensuring accurate calculations.

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inDinero Tax Tips

MARCH 22, 2022

This will help you organize your thoughts and make the best decisions for your finances. To help make better decisions for your finances. Tax Preparation. inDinero provides CFO, accounting, and tax preparation services to businesses of all sizes. Why You Should Have a Financial Decision Making Checklist.

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tax preparation accounting and finance bookkeeping Tax 52