CPA Practice

DECEMBER 18, 2023

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.

tax accountant 126

tax accountant business tax Tax Account 126

CPA Practice

SEPTEMBER 23, 2024

’Tis the season for staffing firms to release their salary prognostications for various accounting and finance roles for the upcoming year, and one of the first for 2025 comes from Atrium. The staffing and recruiting firm recently put out its 2025 Salary Guide , which includes a section for finance and accounting.

public accounting 116

public accounting Account accounted accountant 116

Anders CPA

MARCH 19, 2024

Anders is proud to be recognized as one of Accounting Today’s Top 100 Firms for the fourth year in a row. Download Accounting Today’s special report on the 2024 Top 100 Firms and Regional Leaders. The post Anders Ranks #74 on Accounting Today’s Top 100 Firms List appeared first on Anders CPA.

Account 116

Account accounted accountant CPA 116

TaxConnex

MARCH 11, 2021

The taxpayer, a business providing security and workforce productivity services, bought software for various purposes, including a product downloaded and hosted on third-party servers outside Indiana. Indiana has addressed whether a taxpayer deserved a refund on purchases of software and payments for access to it.

Sales 246

Sales Technology Indiana Tax 246

CPA Practice

FEBRUARY 23, 2023

What is the fastest-growing challenge facing accounting firms and internal audit departments today? More than 90% point to hiring and retaining skilled accountants and auditors. Responses were gathered from more than 4,100 accountants and 2,300 auditors. Some are even turning away business due to a shortage of staff.

audit 132

audit auditor Account accounted 132

Nancy McClelland, LLC

JANUARY 12, 2025

“What is an IRS Account Transcript and Why Do I Need One?” ” During the pandemic, we began requiring all clients to submit a copy of their IRS Account Transcript along with their Tax Organizer and other annual tax prep documentation. The best news where downloading any transcript is concerned? account, the ID.me

Tax 52

Tax tax return Account accounted 52

CPA Practice

NOVEMBER 20, 2023

A new study on how accounting professionals feel about their profession, job satisfaction, and automation has found that, while they are overwhelmingly positive about the profession, there is a clear need for more automation. 88% emphasize the importance of AI and machine learning in shaping the industry’s future.

Technology 128

Technology Account accounted accountant 128

CPA Practice

OCTOBER 31, 2024

By Jim Wesloh Navigating the challenging landscape of cost accounting within the framework of federal contracting requires an understanding of both the Federal Acquisition Regulation (FAR) and Generally Accepted Accounting Principles (GAAP). Accounts receivable 13. Accounts payable 22. Liabilities 3. Inventory 14.

Account 121

Account accounted accountant Government 121

CPA Practice

NOVEMBER 22, 2024

By combining AI with LinkedIn, you can streamline sales prospecting, reach the right people, and ultimately build a more efficient pipeline for your accounting firm’s growth. Qualifying Accounts This prompt investigates a prospect’s website for keywords to qualify the account, such as merger, acquisition, expansion, growth, etc.

accounting firms 111

accounting firms Account accounted accountant 111

ThomsonReuters

MAY 9, 2022

Technology has helped tax and accounting firms to streamline their processes and automate countless time-consuming manual tasks. Many accounting firms are creating connections between new solutions and legacy systems with APIs. In many cases, APIs are used to connect new software to an accounting firm’s existing tech stack.

Technology 105

Technology accounting firms Account accounted 105

CPA Practice

JUNE 12, 2023

There is perhaps no industry in which this dynamic is more apparent than accounting; 75% of accounting processes are largely manual, according to a recent Deloitte survey of accounting professionals. This demonstrates the potential impact that automation can have — and is already having — on the day-to-day lives of accountants.

Account 122

Account accounted accountant accounting and finance 122

DuctTapeMarketing

JULY 14, 2018

Cloud-based accounting software can provide a whole suite of tools to help business owners get ahead. Handle payments and manage accounts payable. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises.

bookkeeping 238

bookkeeping accounting and finance accounting software accounts payable 238

CPA Practice

OCTOBER 22, 2024

Create a Year-End Tax Checklist Develop a downloadable year-end checklist that clients can use to organize their finances. For samples, download the infographic and/or PDF checklist. It could include short videos, blog posts, or downloadable guides. Sunsetting TCJA tax laws immediately comes to mind. Don’t be naughty!

accounting firms 111

accounting firms tax planning Real Estate Account 111

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. Download report 2. Use automation to boost staff engagement and retention. Detect inaccuracies.

Technology 112

Technology Account accounted accountant 112

ThomsonReuters

JULY 30, 2024

Historically, accounting firms have operated under a transactional billing model, providing once-a-year services primarily focused on tax compliance and reporting. To learn more about the impact of value-based pricing, download our recent white paper, The case for transitioning your firm to value-based pricing.

accounting firms 105

accounting firms Account accounted accountant 105

Anders CPA

MARCH 15, 2023

Anders has been recognized as one of Accounting Today’s Top 100 Firms for the third year in a row. Download Accounting Today’s special report on the 2023 Top 100 Firms and Regional Leaders. The post Anders Jumps 16 Spots to #78 on Accounting Today’s Top 100 Firms List appeared first on Anders CPA.

Missouri 105

Missouri Account accounted accountant 105

Accounting Insight

JUNE 15, 2023

A new study has revealed that the UK accounting services sector has experienced consistent growth across the country, with increased demand for their services resulting in a 62% increase in new businesses in the sector since 2017. Birmingham also showed impressive growth in the sector as 1,017 new accountancy firms opened up over the period.

Account 105

Account accounted accountant accounting and finance 105

TaxConnex

NOVEMBER 18, 2021

Download our Sales Tax Nexus guide to learn more! For example, the sale of electronically downloaded software or Software-as-a-Service. If you try to handle compliance in-house, your accounting platform may have some functionality to calculate sales tax via tax rate subscriptions and plug-ins.

Sales 246

Sales Tax Non-Profits Start-ups 246

Snyder

NOVEMBER 1, 2022

Accounting software is the primary operational tool for bookkeepers and accountants. With a large selection of products available on the market, it’s possible to pick the one that best addresses the unique needs of your accounting firm and your clients. . How to Choose the Right Accounting Software for Your Business?

accounting software 97

accounting software bookkeeping Account accounted 97

Going Concern

OCTOBER 2, 2023

Global accounting and advisory firm Deloitte is well and truly pulling away from its Big Four rivals. The AICPA created the practice aid to help accounting professionals establish a QM system for their firm’s accounting and auditing practice in line with the Statement on Quality Management Standards (SQMS) No.

North Dakota 119

North Dakota Account accounted accountant 119

CPA Practice

AUGUST 16, 2023

Accounting firms spent almost four-times as much implementing Artificial Intelligence (AI) systems in the past year as law firms and other professional services organizations, according to the latest research by Moore Global and the Centre for Economics and Business Research. Accountants are not concerned about the impact of AI on jobs.

accounting firms 96

accounting firms Account accounted accountant 96

TaxConnex

JULY 16, 2024

Tax codes are usually housed back-office in a company’s accounting application or on the digital master inventory list. Or let’s say you sell baby or feminine hygiene products; you need to map these correctly to make sure to account for the numerous sales tax holidays in various states during the year. Let’s say you sell clothing.

Tax 203

Tax Sales Account accounted 203

ThomsonReuters

DECEMBER 8, 2023

As technology has evolved, so too has the accounting profession. From paper-based processes to cloud-based software, accountants are no strangers to change. No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence.

Account 108

Account accounted accountant Technology 108

TaxConnex

JULY 26, 2022

No Accountability. Who is accountable to you for resolving issues?? However, this type of arrangement increases the likelihood of finger pointing when there is an issue and reduces the overall accountability.? Download now! Regardless, you should seek a consistent, reliable, and professional point of contact.

Sales 246

Sales Tax tax return Technology 246

ThomsonReuters

FEBRUARY 29, 2024

Following high school and an internship at a small business where her role included accounting work, Brittany Lanphier determined that she would definitely not study accounting in college. Something clicked then, Lanphier says, and she found that she liked accounting.

CPA 97

CPA Account accounted accountant 97

CPA Practice

DECEMBER 3, 2023

This could be a specialization in a certain area of accounting, exceptional customer service, innovative technology usage, etc. Sign into ChatGPT (a paid account is best) Start a new chat, use GPT-4 (or later) Copy/paste or type the following into ChatGPT. Get your free download here. Download it for free today.

accounting firms 96

accounting firms Account accounted accountant 96

CPA Practice

JUNE 27, 2023

As a tax and accounting professional, you will encounter clients who require guidance regarding investing in cryptocurrencies and digital assets. Tax and accounting advisors must understand the client’s goals: Ascertain whether the client has adequate knowledge of crypto. Download the guide here. By Sonia Dumas.

Tax 98

Tax Account accounted accountant 98

Ryan Lazanis

SEPTEMBER 6, 2023

Navigating the ever-evolving landscape of accounting requires efficient client management, and that’s where client portals come in. Table of Contents What are Client Portals for Accountants? Table of Contents What are Client Portals for Accountants?

Account 98

Account accounted accountant Technology 98

Basis 365

FEBRUARY 15, 2023

You have two options to achieve this goal: hire a professional or have a year-end accounting firm handle your bookkeeping. It's OK to ask an outsourced accountant for help with your daily books. Before we get into the reasons, let's first look at how the duties of accountants and bookkeepers differ. Million.

bookkeeping 97

bookkeeping tax accountant Tax Account 97

inDinero Accounting

JANUARY 22, 2024

Terms like “deferred revenue” can confuse non-accountants, but the concept is easy enough. Deferred revenue refers to when customers pay upfront for products or services they will receive later while your accountant recognizes that income over time rather than all at once. Why Use Deferred Revenue Reporting Over Cash Accounting?

accounting principles 96

accounting principles accrual accounting Tax Account 96

RogerRossmeisl

MAY 15, 2023

Fraudsters replace or alter QR codes so that users are directed to malicious websites or inadvertently download malware onto their devices. Such schemes enable fraudsters to access victims’ account. How thieves use them Last year, the FBI issued an alert about QR code tampering.

CPA 144

CPA Technology Account accounted 144

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. This not only enhances the efficiency of tax and accounting processes but also improves the overall quality of financial reporting.

Tax 101

Tax Account accounted accountant 101