TaxConnex

FEBRUARY 27, 2024

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant. There were about 1.65

Sales 220

Sales Tax Account accountant 220

CPA Practice

APRIL 22, 2024

The Illinois CPA Society (ICPAS)—one of the largest state societies serving the certified public accountant (CPA) community—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA profession through a variety of prestigious awards. Wolfe, CPA | Owner, Larry J.

Illinois 116

Illinois CPA Indiana audit 116

RogerRossmeisl

AUGUST 4, 2023

There are many types of professional practices. Examples include medical, architecture, engineering, accounting, advertising, design and law. Reliance on intangible assets Professional practices provide services rather than sell products (at least primarily).

Education 246

Education CPA Account accountant 246

CPA Practice

APRIL 9, 2024

In an email to tax professionals on April 5, the IRS said it’s making changes that will impact how practitioners obtain a client’s tax transcripts, as part of the agency’s efforts to combat identity theft and protect taxpayers’ personal information. This Short ID is visible when the tax professional logs in to their e-Services SOR.

Tax 122

Tax Account accountant accounted 122

MyIRSRelief

OCTOBER 2, 2023

There are so many things to think about, from developing a business plan to marketing your products or services. One of the most important things to consider is accounting and bookkeeping. If you’re new to business, you may be wondering why accounting and bookkeeping are so important. To comply with tax laws.

tax services 130

tax services bookkeeping bookkeeping services Tax 130

MyIRSRelief

FEBRUARY 23, 2024

In this comprehensive guide, we’ll delve into the intricacies of IRS bank levies, the repercussions of unpaid back taxes and unfiled returns, and the invaluable role of professional representation in resolving these issues. This can be a sudden and jarring experience, as individuals may find their accounts drained without prior warning.

tax return 130

tax return Tax CPA accounting and finance 130

MyIRSRelief

APRIL 22, 2024

Audit Representation, also known as Tax Audit Defense, is a service where a tax professional represents you before the IRS or state tax authorities (FTB, EDD, CDTFA) during an audit. Benefits: Expert Guidance: Professionals handle all communication with the tax authorities, reducing the stress of direct dealings.

Tax 130

Tax payroll tax tax return payroll 130

Accounting Today

AUGUST 9, 2022

(..)

accounting and finance 75

accounting and finance Finance Account accountant 75

ThomsonReuters

APRIL 17, 2024

The emergence of g enerative artificial intelligence ( GenAI ) has sparked both excitement and apprehension in the tax industry, with professionals divided on its potential impact. Access full report The new report The Thomson Reuters Institute has released its latest report on GenAI, titled 2024 GenAI in Professional Services.

Tax 98

Tax tax preparation tax return Technology 98

CPA Practice

MARCH 5, 2024

Technical skills and a meticulous eye for detail have always been the bedrock of the accounting profession. As we venture through the evolving landscape of modern business, the ability to adeptly navigate our own emotions and those of others has become indispensable for accountants looking to elevate their service beyond the numbers.

Account 124

Account accountant accounted Education 124

CPA Practice

OCTOBER 2, 2023

As part of a larger effort to improve technology, the Internal Revenue Service has added new features to its Tax Pro Account system that allow tax professionals access to new services to help their clients. Tax Pro Account users can now also withdraw from their active authorizations online in real time.

Tax 119

Tax Account accountant accounted 119

Withum

FEBRUARY 21, 2024

Withum is excited to share that USA TODAY and Statista named the Firm on the list of America’s Most Recommended Tax and Accounting Firms 2024. Previously, Withum was recognized annually by Forbes and Statista on the America’s Best Accounting and Tax Firms lists.

accounting firms 119

accounting firms Tax Account accountant 119

CPA Practice

APRIL 15, 2024

Sangeeta Chhabra CPAs and finance professionals today understand the importance of transparency and collaboration; however, lack of uniformity acts as an obstacle to seamless coherence in data management processes. Barriers to AI adoption in accounting The accounting profession has historically had a culture where data plays a prominent role.

CPA 122

CPA Technology accounting and finance cpas 122

Accounting Today

MARCH 29, 2024

Plus, Settle offers three-way matching for purchase orders; Modern Treasury introduces Professional Services offering; and other accounting tech news.

Technology 110

Technology Account accountant accounted 110

Anders CPA

FEBRUARY 15, 2024

Anders has been recognized by USA Today as a Most Recommended Tax & Accounting Firm for 2024. When tax season arrives, finding a tax or accounting firm that fills your business’s needs is vital to ensure necessary documents are filed correctly and on time. The full list can be found on USA Today’s website.

accounting firms 111

accounting firms tax accountant Tax Account 111

ThomsonReuters

JANUARY 8, 2024

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks.

Tax 101

Tax Account accountant accounted 101

CPA Practice

APRIL 9, 2024

Let’s face it, the accounting profession has developed a bad reputation – toiling through long hours chained to a desk, crunching numbers, deciphering archaic tax codes and grinding out tedious tasks, all for lower starting pay and heavy licensing requirements. Compounding the problem is the increased demand for accountants.

cpa firm 122

cpa firm CPA Technology Legal 122

Accounting Today

OCTOBER 20, 2023

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

tax accountant 142

tax accountant business tax Tax audit 142

CPA Practice

MARCH 20, 2024

A thorough engagement letter acts as a roadmap – outlining services, enabling your firm to standardize its service pricing, and setting client expectations in addition to establishing the cash flow and revenue cycle for your firm. Structuring client engagements is one of the most critical aspects of running your practice.

Legal 114

Legal Account accountant accounted 114

ThomsonReuters

APRIL 2, 2024

Jump to: The allegations The IRS investigation Ohtani’s response Implications for Ohtani and the Dodgers Broader impact on professional sports Uncovering the truth The Internal Revenue Service (IRS) launched an investigation into the financial scandal involving Shohei Ohtani, the star player for the Los Angeles Dodgers.

Gambling 105

Gambling Sports Legal Tax 105

ThomsonReuters

SEPTEMBER 25, 2023

Jump to: AI for firms: operational improvements and new services AI for in-house departments: protect the business and enable growth Client communication benefits through AI AI for firms: operational improvements and new services One of the main benefits of AI is the potential to improve productivity and efficiency.

Tax 104

Tax Account accountant accounted 104

CPA Practice

APRIL 9, 2024

Reid, ranked as one of the top 20 accounting firms on Long Island, has partnered with Tampa, FL-based accounting platform Crete Professionals Alliance. Historically, independent accounting firms have faced two options: remain independent with more limited resources or merge upstream and dissolve their identity.

cpas 59

cpas cpa firm accounting and finance CPA 59

CPA Practice

FEBRUARY 28, 2024

Here’s some news from the labor market that’s both good and bad for CPA firm leaders and other employers of accounting and finance talent. With fewer professionals actively on the job hunt, hiring is likely to become that much harder. If you were an in-demand accounting professional, would you want to join your CPA firm?

cpa firm 115

cpa firm CPA accounting and finance Finance 115

CPA Practice

DECEMBER 19, 2023

Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. Of course, to stay in demand, finance and accounting pros will need to ensure that they maintain relevant skills, especially when it comes to working with generative AI.

accounting and finance 121

accounting and finance Finance Account accountant 121

AccountingDepartment

MARCH 28, 2024

This is where client accounting services come into play. In this blog post, we will explore how client accounting services (CAS) streamline financial processes for businesses, highlighting the benefits of outsourcing accounting functions to improve efficiency and reduce administrative burdens.

Account 85

Account accountant accounted NetSuite 85

SchoolofBookkeeping

APRIL 26, 2024

Because why pay an accountant to do your books when you can have a QuickBooks "expert" cheerfully guide you through the chaos at a fraction of the cost? But don't worry, this isn't your grandma's bookkeeping service. Because who wants professionals taking care of pesky details when you can fumble through it together, right?

quickbooks 98

quickbooks bookkeeping Account accountant 98

CPA Practice

APRIL 1, 2024

Top 200 accounting firm Stambaugh Ness has acquired Left Brain Professionals, a Westerville, OH-based accounting and advisory firm serving government contractors, effective April 1. In conjunction with the acquisition, Stambaugh Ness has launched an Outsourced Accounting Services (OAS) for Government Contractors practice area.

Government 52

Government accounting system accounting firms Tax 52

Canopy Accounting

FEBRUARY 24, 2024

Every accounting firm is looking for ways to improve the accounts receivable process as it affects all aspects of the business, such as marketing and purchasing. If you are an accounting professional who is looking to increase cash flow and save time and expenses each week, look at these ideas on how to minimize accounts receivable.

Account 98

Account accountant accounted accounting firms 98

CPA Practice

OCTOBER 2, 2023

hiring and employment trends found that 95% of hiring managers in finance and accounting face challenges in locating skilled candidates available for hire. This finding is not surprising in a profession where unemployment rates for many in-demand roles, including accountants and auditors, typically trend well below the national average.

accounting and finance 128

accounting and finance cpa firm CPA Finance 128

CPA Practice

APRIL 26, 2024

PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, has established the PKF O’Connor Davies University as a formalized, enhanced approach to team members’ continuing education. Settles, Director of Learning and Development at PKF O’Connor Davies.

Education 52

Education audit Tax Account 52

CPA Practice

FEBRUARY 12, 2024

The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient. It also introduces unique challenges that CPAs and tax professionals can’t ignore. Today, things are distinctly more digital.

cpas 105

cpas Tax tax preparation Technology 105

CPA Practice

JANUARY 10, 2024

Lost in the holiday hubbub was an announcement from BDO USA that it had promoted 60 professionals to principal, the first such milestone since the top six accounting firm ditched the traditional accounting firm partnership model to become a professional services corporation last July.

Washington 104

Washington New York tax services Tax 104

AccountingDepartment

FEBRUARY 9, 2023

It’s common for business owners to feel stretched to the limit with the services they have. Yet this isn’t necessarily the case — particularly regarding client accounting services (CAS). But why are these services so important? What are client accounting services? The answer is sooner rather than later.

Account 94

Account accountant accounted bookkeeping 94

ThomsonReuters

NOVEMBER 9, 2023

There is no doubt that tax professionals are hard to find, let alone replace. In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Many firms are shifting their hunt for talent beyond the traditional accounting background.

tax planning 105

tax planning accounting firms Tax Account 105

CPA Practice

MARCH 26, 2024

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S. ] The ASCPAs mission is to create professional opportunities for members and prospective members to maximize their potential.

Arizona 64

Arizona cpas CPA Louisiana 64

CPA Practice

APRIL 19, 2024

I know I have certainly done that again this year, even though I am lucky enough to have many other professionals assist me. Retaining and Attracting Talent : Concern : Recruiting and retaining skilled professionals. IRS Service Issues : Concern : Challenges related to IRS services have been particularly pronounced recently.

Technology 72

Technology cpa firm CPA Non-Profits 72