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Boost Your Startup with the Revamped R&D Tax Credit: What You Need to Know

Shay CPA

How to Claim the Credit To claim the credit, you’ll need to fill out Form 6765 and attach it to your timely filed income tax return. If you’re claiming the payroll tax credit, complete Form 8974 and attach it to your employment tax return.

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Where will your accounting journey take you?

ThomsonReuters

For today’s tax and accounting professionals, the name of the game is doing more with less. In a world where tax regulations are constantly changing, clients are demanding more, and competition is fierce, it’s hard to decide where to invest your limited time and resources.

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Best Tax Preparation Software for Small Business: What Tax Software to Choose?

Snyder

Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. Poor tax planning can result in high penalties with accruing interest rates to the IRS. First, try to make the most out of your accounting software.

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How to streamline accounting processes—a step-by-step guide

ThomsonReuters

tax, accounting, finance, and trade questions so you can make confident decisions that position your firm as a trusted partner—not just a once-a-year tax return provider. . As you work to streamline your accounting processes, consider expanding your firm’s services beyond tax preparation and into advisory services.

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Guide to accountant responsibilities

ThomsonReuters

Preparing tax returns. Additionally, depending on the type of firm, accountants may be involved in more advisory-centric responsibilities, such as analyzing financial data and providing clients with strategic guidance and recommendations on how to reduce costs and boost profitability. Recording disbursements and payments.

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Calculating the benefits of direct tax software

ThomsonReuters

In today ’ s business environment, the deliverables are no doubt important; however, it ’ s the input, or the streamlining of data collection, that can be the true game-changing benefit for firms. “ When we think about these pressures, oftentimes … our minds immediately go to the output rather than the input.

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3 steps to market your accounting firm

Accounting Insight

If your target market is e-commerce businesses, you don’t want local businesses looking for a cheap tax return finding you. It’s a good exercise to create value propositions for each of your core services. What you get found for is important as you don’t want non-target market clients reaching out when they’re not a good fit.