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Managing client expectations for accountants

ThomsonReuters

Miscommunication, unrealistic expectations, and personality differences are bound to surface on occasion, but establishing boundaries early on can help accountants avoid these problems and better manage client expectations. The relationship accountants have with their clients is no different. They don’t view you as a partner.

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How do you audit crypto? It starts with understanding how to report on it.  

ThomsonReuters

When it comes to cryptocurrency, there are many unknowns around accounting, audit and assurance. With more than 50 million taxpayers answering ‘Yes’ to the IRS Virtual Currency question on the front page of the 1040 form on their 2021 tax returns, there is a pressing need for immediate access to tools for cryptocurrency tax preparation. .

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How CPA firms can turn past challenges into future opportunites

ThomsonReuters

CPA firms have already begun leveraging automation and AI technology in various areas such as tax software, audit procedures, customer service, risk management, and predictive analytics. As CPA firms navigate the ever-evolving digital economy, they are faced with various challenges that threaten their profitability and longevity.

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The Corporate Card Faces New Hurdles In AP Departments

PYMNTS

Although commercial cards are evolving to gain traction in more B2B payment scenarios — particularly, accounts payable (AP) — new challenges emerge that can slow down the rate of adoption. Billtrust, REPAY Drive Virtual Card Adoption. Peoples Trust Secures CDIC Insurance For Payroll Cards.

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Taxpayer Advocate Delivers Annual Report to Congress, Identifies Top 10 Problems with Agency

CPA Practice

The report credits the Internal Revenue Service with substantially improving taxpayer services and developing plans to transform the taxpayer experience in the coming years, but it identifies paper processing as an area of continuing weakness. Those observations continued to hold true in 2023.

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Raising Your Risk Management Profile to Protect Your Assets

Cherry Bekaert

Growing Your Business Starts With Evaluating, Governing and Managing Risk Author: Brian Murrow, Managing Partner – Risk & Accounting Advisory Services Naturally, after unfortunate incidents, risk governance and security are on top of mind for many. Addition of risk protection through other regulators, such as the U.S.

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How To Start a Bookkeeping Business in 2022 [Step by Step]

Ryan Lazanis

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. Marketing your bookkeeping services to find new clients. Chapter 3: Market Your Services.