CPA Practice

MARCH 5, 2024

Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses. Do you and your team still complete and file returns? First, there is no denying that there is still a “busy season.”

Technology 64

Technology cpa firm CPA Non-Profits 64

CTP

FEBRUARY 20, 2024

You’re more than a number-cruncher or an annual form-filler; you’re a financial visionary capable of guiding your clients through the entire financial landscape. Let’s explore how you can break out of the retirement planning box and fully unleash the potential of tax planning.

tax planning 98

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CPA Practice

MARCH 24, 2023

For many accountants, busy season can certainly feel more like “survival season” – last year, nearly 200 million individual and business tax returns were filed , with accountants shouldering a large portion of the work. How can accountants maximize the benefits of these brief client conversations?

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CPA Practice

MARCH 1, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss Stanford Tax , which leverages AI to understand your clients’ prior year tax data, features broad integration options, and can import data from thousands of clients in under 10 minutes. And it came as a referral from one of my clients. SPEAKERS Brian F. Well, Brian F.

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Technology Tax Account accountant 111

ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . Here’s how to start: Document your processes. The result?

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CPA Practice

OCTOBER 17, 2023

Social Security is a program designed to offer retirement benefits and disability income to eligible individuals, as well as their spouses, children, and survivors. In 2023, an average of almost 67 million Americans per month will receive a Social Security benefit totaling about $1.4 Pro tip: Check your Social Security credit here.

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ThomsonReuters

JULY 6, 2023

From tax planning and strategy to counsel on tax-related legislation, accounting advisory includes a variety of engagements in which clients rely on an accounting professional’s unique knowledge and experience. Let’s take a look at the basics. What is accounting advisory?

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CPA Practice

JULY 27, 2023

As noted in my April column , there are various innovative uses of AI and privacy risks for your client data. What is important is considering your firm, your team, and your clients and their needs and how AI is a tool that can be used for the good of all involved. How can AI make you a more effective and efficient accountant?

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Technology audit Education accounting and finance 98

ThomsonReuters

JUNE 16, 2023

That is a question many accounting firms should consider as they look to remain competitive, better serve clients, and expand bandwidth in today’s challenging environment. Advancements in technology continue to have a significant impact on how accounting professionals work and serve their clients. Let’s take a closer look.

Technology 98

Technology Account accountant accounted 98

Accounting Insight

APRIL 21, 2023

Nevertheless, considering the impact of technology on how we conduct business and engage with the world, digital transformation will be indispensable to facilitate tax and Budget adjustments. With HMRC demonstrating increased activity in this area, it is wise to remain vigilant for clients involved in crypto trading or investment.

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Account accountant accounted Technology 59

Xero

OCTOBER 1, 2023

Aside from facing hefty fines and costs, you may never fully recover the trust of your customers and clients. October is Cybersecurity Awareness Month and a timely reminder to stay secure online. Even if you feel pretty confident about your security processes, it’s worth reviewing the basics. And how do they get it?

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ThomsonReuters

JUNE 16, 2023

Do you know how to spot it? How widespread is corporate fraud? A study on the pervasiveness of corporate fraud estimates that in an average year, 41 percent of companies are committing accounting violations, which are less severe than alleged securities fraud.

Account 93

Account accountant accounted financial statements 93

Nancy McClelland, LLC

OCTOBER 11, 2023

I wrote a fabulously comprehensive article for MSN back in March about the various types of IRS transcripts, what they’re for, why you’d use one versus another, and how to download them. I’ve had it happen to two clients already.) How Can I Download My IRS Transcript?”

tax return 52

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Nancy McClelland, LLC

OCTOBER 11, 2023

I wrote a fabulously comprehensive article for MSN back in March about the various types of IRS transcripts, what they’re for, why you’d use one versus another, and how to download them. I’ve had it happen to two clients already.) How Can I Download My IRS Transcript?”

tax return 52

tax return Tax Account accountant 52

Going Concern

AUGUST 11, 2023

MCM CPAs & Advisors Joins Cherry Bekaert [ PR Newswire ] Cherry Bekaert (the Firm) is pleased to announce the completion of an acquisition transaction with MCM CPAs & Advisors LLP (MCM), a large regional accounting and advisory firm headquartered in Louisville, Kentucky, providing highly specialized services to a broad range of clients.

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Account accountant accounted audit 74

ThomsonReuters

FEBRUARY 8, 2022

1) Communicate clearly to win new tax clients. When you seek to win new tax clients, it’s best to start at the beginning. Do you know what your clients and prospects want, especially in terms of communication? How do you begin to know the best way to win new tax clients and retain your existing client base?

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Going Concern

JUNE 9, 2023

How Deloitte uses staff debates on the firm’s most controversial decisions [ Quartz ] A look inside conflict resolution at Deloitte Consulting. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Now, the odds may have changed.

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ThomsonReuters

JANUARY 18, 2024

How can accountants be more efficient? Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guidance. Jump to: What are the roles and responsibilities for accountants? Preparing tax returns.

Account 59

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inDinero Tax Tips

MARCH 13, 2023

How to Change LLC to S Corp To begin the process of converting an LLC to an S corp, submit Form 2553 (Election by a Small Business Corporation) to the IRS. The only caveat is that you must file within ten weeks and five days of the start of the current year. It’s time to make a change, but you’re facing multiple options.

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inDinero Tax Tips

MARCH 13, 2023

How to Change LLC to S Corp To begin the process of converting an LLC to an S corp, submit Form 2553 (Election by a Small Business Corporation) to the IRS. The only caveat is that you must file within ten weeks and five days of the start of the current year. It’s time to make a change, but you’re facing multiple options.

income tax 52

income tax Non-Profits payroll tax Tax 52

ThomsonReuters

AUGUST 5, 2021

Your tax software is one of the strongest tools at your disposal for increasing efficiency and making life easier for your clients and your team, but is it enough? . This article should serve as an overview of how and why you should upgrade your tax software. . It’s time for a change in your tax software .

Tax 52

Tax tax return Start-ups Technology 52

Nancy McClelland, LLC

APRIL 16, 2023

(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their tax return. So, while 99% of these shares are “old news”, it’s worth avoiding the eye roll and taking a look just in case.

Tax 52

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inDinero Accounting

JUNE 3, 2021

As the economy recovers, it’s time to review why your company should continue outsourcing accounting, human resources, IT, or production. BPO provides clients with customer-facing (front office) or infrastructure (back office) capacity for sales, customer service, virtual receptionists, accounting, HR, and IT. Why outsource?

Technology 60

Technology accounting and finance payroll Tax 60

ThomsonReuters

MARCH 30, 2021

However, the cloud has the power and security to pull it off. At work, this might have appeared less apparent because how we interact with the cloud may not even when we can access files that don’t sit on our computer hardware, think the use of SharePoint, and now widely used OneDrive. Software updates are easier in the cloud.

audit 52

audit Technology accounting and finance Tax 52

Going Concern

AUGUST 28, 2023

KPMG said the switch was part of its efforts to better prepare the “pandemic generation”, who spent lockdown in remote learning, for the world of office life, where the ability to work in-person with both clients and colleagues is critical. Looking kind of slim out there for news today, to be expected ahead of Labor Day I suppose.

accounting firms 52

accounting firms CPA Account accountant 52

inDinero Tax Tips

JUNE 24, 2023

Most business owners spend their days managing operations, nurturing client relationships, and focusing on growth goals. This article covers the essential information about tax deductions, but here are some of our best resources if you want to get into specifics. An ordinary expense is one that is common and accepted in your industry.

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ThomsonReuters

FEBRUARY 22, 2021

zero tariffs and quotas), importers and exporters must file customs documentation proving that the goods they are trading “originated” within the EU-UK trading bloc. New UK-EU rules and requirements post-Brexit. The TCA only applies to goods traded between the UK and EU, however.

Manufacturing 91

Manufacturing Pharmaceutical Tax audit 91

PYMNTS

MAY 12, 2020

The following Deep Dive explores how slow, paper-based invoices can cause financial frictions, both for freelancers and the companies with which they work, as well as how automation and advanced learning tools such as artificial intelligence (AI) may be able to help. workers were then freelancing in some capacity.

Technology 52

Technology accounts payable AP Processes Account 52

Ryan Lazanis

SEPTEMBER 1, 2023

In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation. If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list.

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Withum

JANUARY 24, 2022

A good Enterprise Resource Planning (ERP) project like selecting a manufacturing ERP system involves an IT team, and maybe even external consultants. How to Select an ERP System. Instead, it would be to ask how these ERP solutions can best serve you to grow into the future with speed , stability and security.

Manufacturing 75

Manufacturing Technology Start-ups Maine 75

Acterys

DECEMBER 21, 2023

Being cloud-based, it enables remote data access and easy sharing, offering a broader range of functions than Excel, especially for larger organizations. From startups to multinationals, Microsoft Excel is at the core of countless organization’s reporting and financial planning and analysis (FP&A). Excel vs. Power BI: Which Tool is Right?

Government 246

Government accounting and finance Start-ups Maine 246

Ryan Lazanis

SEPTEMBER 6, 2023

Navigating the ever-evolving landscape of accounting requires efficient client management, and that’s where client portals come in. In this article, I present a curated list of the top 12 client portals available in the market today. Table of Contents What are Client Portals for Accountants?

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Account accountant accounted Technology 98

Going Concern

OCTOBER 21, 2022

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. Practice Management. Understaffed?

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CPA Practice

MAY 19, 2023

But how do you determine what is fact and what is hype? As a result, embracing innovative technology tools is crucial for public practice accounting firms to stay competitive, streamline operations, and provide exceptional client service. Technology tools for your firm’s stack continue to improve and innovate.

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Technology accounting firms audit payroll 130

PYMNTS

JULY 31, 2017

Things got off to a bumpy start this week for Wells Fargo, with the revelation that it may have allowed an unauthorized release of the data on tens of thousands of clients’ bank accounts. Regulators are reportedly inquiring about how a lawyer for wealthy customers of Wells Fargo came to access so large a trove of customer information.

Tax 40

Tax Entertainment Construction Healthcare 40

ThomsonReuters

JANUARY 16, 2024

Jump to: What are the benefits of remote 1040 client collaboration? But have you considered how your firm’s technology supports remote client collaboration ? What are the benefits of remote 1040 client collaboration? Remember, knowing your clients is key. How can you improve their experience?

Tax 52

Tax Technology tax preparation accounting and finance 52

Ryan Lazanis

AUGUST 22, 2022

Client Hub. The Purpose of Accounting Practice Management Software Boiled down to the absolute basics, an accounting firm workflow management software is there to ensure that team and client work is tracked, delegated, and completed on time. . Key Takeaways. The Basics of Accounting Practice Management Software. Xero Practice Manager.

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