TaxConnex

NOVEMBER 15, 2022

Many certified public accountants (CPAs), enrolled agents and other tax preparers and professionals that run accounting and tax preparation firms are constantly looking for new advisory avenues to service clients. One of these new areas, is often sales tax. Tax Code and the IRS).

accounting firms 130

accounting firms Sales Tax Account 130

Acterys

DECEMBER 20, 2023

Accounting firms provide financial management services to businesses, including advisory services, bookkeeping, tax preparation, and auditing. For many accounting firms, there remains the opportunity to improve speed, efficiency, and quality. But too many businesses still rely on manual solutions.

accounting firms 130

accounting firms Finance Account accountant 130

ThomsonReuters

MAY 28, 2024

Jump to: 2024 top priorities Key Insights from the 2024 State of Tax Professionals Report Preparing your firm for the future In the ever-evolving landscape of tax and accounting, professionals are continually adapting to new challenges and opportunities.

accounting firms 111

accounting firms Account accountant accounted 111

CPA Practice

OCTOBER 29, 2024

Businesses want to use big data to their advantage and will pay accounting firms for data-driven forecasts and projections. AI is assisting accounting professionals, allowing them to offer greater insights into the financial health of their clients’ businesses with forecasts and projections. Help prepare tax returns.

accounting firms 111

accounting firms Account accountant accounted 111

ThomsonReuters

DECEMBER 4, 2024

Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. This ultimately boosts client satisfaction and helps you stay competitive in an increasingly digital tax landscape.

tax return 52

tax return business tax accounting firms Tax 52

ThomsonReuters

JULY 25, 2023

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence.

tax preparation 98

tax preparation Technology Tax accounting firms 98

CPA Practice

JUNE 24, 2024

I asked ChatGPT what forms it recommended for a CPA firm. Here is the answer I got (since ChatGPT is nondeterministic, you won’t get the exact same answer I got.): For a CPA (Certified Public Accountant) firm, creating and utilizing various forms and templates can significantly streamline practice management tasks.

accounting firms 124

accounting firms cpa firm Account accountant 124

CPA Practice

FEBRUARY 24, 2023

Tax season is already in full swing and accounting firms across the country are working non-stop to meet the April filing deadline. However, many firms will struggle to keep their existing team busy when May rolls around and the last return has been filed. By Matt Bowen. Get your customer data in order.

accounting firms 128

accounting firms Tax Account accountant 128

ThomsonReuters

MAY 6, 2022

Many accounting firms provide invaluable services that go far beyond tax prep and financial reporting. For small to mid-size accounting firms that want to explore other revenue streams, accounting consulting services can be a great place to start. Building a well-rounded tax and accounting practice.

accounting firms 93

accounting firms tax preparation Account accountant 93

CPA Practice

OCTOBER 10, 2023

It provides essential services due to the complexity of tax laws and the importance of offering valuable tax-saving advice to clients; and that’s just the tax half of the industry. The Role of Automation Automation and advanced softwares are reshaping the way work is conducted within public accounting firms.

Technology 105

Technology accounting firms Account accountant 105

CPA Practice

JULY 3, 2024

By Brad Barkin Small accounting and financial services firms are facing escalating operation threats and vulnerabilities. Cybercrime is on the rise, with PwC reporting a 30% higher risk of cybersecurity attacks for financial firms.

Technology 128

Technology accounting firms Account accountant 128

CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. We call these tools that fill in the gaps or help increase your firm productivity, “specialty systems.” WINNER: TheTaxBook – Tax Materials Inc.

Technology 119

Technology accounting firms cpas Account 119

Basis 365

AUGUST 8, 2023

With the dynamic business landscape, many companies are turning to outsourced accounting firms to streamline their financial processes and gain access to specialized expertise. Outsourcing accounting functions can offer numerous benefits, including cost savings, improved accuracy, and enhanced efficiency.

accounting firms 98

accounting firms Account accountant accounted 98

Going Concern

MARCH 16, 2023

Among the top 10 percent of jobs most likely to be automated: insurance underwriters, tax preparers, loan officers, credit analysts, and accounting professionals. If only firms had been more proactive about the salary issue, they’d have five better problems to focus their efforts on in 2023.

accounting firms 123

accounting firms Technology Iowa Account 123

CPA Practice

OCTOBER 23, 2023

Accounting firms know that offering only tax preparation services makes maintaining consistent cash flow and workloads throughout the year challenging. Adding financial services to your accounting firm can help bridge the gap and allow you to have a consistent workload year-round.

accounting firms 105

accounting firms Account accountant accounted 105

ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. Here are a few ways you can market your firm’s services to individuals and small businesses. Build a referral system that allows or even incentivizes your clients to recommend your accounting firm to others. With more than 144.3

accounting firms 98

accounting firms Account accountant accounted 98

CPA Practice

AUGUST 28, 2024

As in 2023, AI systems were again dominant among the winners of the 2024 Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. “ AuditFile AI is like the self-driving car of auditing.

Technology 124

Technology accounting firms Account accountant 124

BuildYourFirm

MARCH 31, 2020

Episode 066: Look at the Film Industry Tax Credit Business with Irene Waschler. The Association for Accounting Marketing has been around since 1989 when accounting firms could start advertising for their services. She is also experienced in cryptocurrency taxation including tax preparation and problem resolution.

cpas 178

cpas Tax Massachusetts CPA 178

Going Concern

SEPTEMBER 25, 2023

In addition to defrauding his clients, the TPB said that Mr Carter did not meet his own tax obligations, citing failures to lodge tax returns, activity statements, superannuation guarantees and SMSF returns on time. He also failed to pay over $1 million in outstanding tax debts he and his accounting firm, Carter’s Tax Advisory, owed.

tax preparation 105

tax preparation Gambling Account accountant 105

ThomsonReuters

NOVEMBER 26, 2024

Jump to ↓ How GenAI empowers small accounting firms Practical steps for integrating GenAI into small firm operations Are you ready to integrate GenAI into your small accounting firm? This minimizes manual effort, reduces errors, and accelerates tax preparation.

Technology 52

Technology tax preparation accounting firms Tax 52

Going Concern

SEPTEMBER 15, 2023

Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. The post This Shady Chattanooga Accounting Firm Just Went Down in Flames and Still Owes Staff Months of Pay appeared first on Going Concern.

accounting firms 126

accounting firms payroll South Dakota North Dakota 126

ThomsonReuters

MARCH 3, 2025

While advanced tax technology and automation are nothing new for most accounting firms, the introduction of agentic AI is redefining what classifies as a mundane task. Agentic AI presents an opportunity to significantly elevate the role of accountants from once-a-year tax preparers to year-round tax consultants.

Tax 64

Tax Account accountant accounted 64

ThomsonReuters

MAY 5, 2022

That is a question firms should consider as they reflect on the tax season. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer. Growing your accounting firm through specialization.

accounting firms 96

accounting firms Tax Real Estate Account 96

CPA Practice

MARCH 19, 2024

Freelance talent platform Upwork has conducted a study that reveals which types of skills are most important to accounting firms and corporate accounting departments when adding new employees to their rosters this year.

bookkeeping 136

bookkeeping tax preparation Management Consulting corporate accounting 136

AdviceForTaxpreparers

SEPTEMBER 28, 2014

If you have followed my blog for a while you are aware that I created a LinkedIn group with the same name as my blog titled Advice for Tax Preparers. I have now created a new LinkedIn group called Accounting LIONs which goes in a completely different direction.

Account 100

Account accountant accounted tax preparation 100

ThomsonReuters

JANUARY 28, 2022

But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year. Why revenue stability is important for small and mid-sized tax and accounting firms. Business tax preparation. Filing quarterly employment taxes.

Tax 102

Tax tax preparation bookkeeping bookkeeping services 102

ThomsonReuters

OCTOBER 6, 2023

Therefore, it is important to leverage the right client collaboration tools that facilitate data collection and integrate with the tax software to automate 1040 preparation. Learn more by reading our whitepaper: Find your flow: 1040 tax workflow best practices. TaxCaddy , a highly secure client collaboration platform, can help.

tax preparation 64

tax preparation Tax tax return Technology 64

CPA Practice

AUGUST 23, 2023

When it comes to a corporation’s relationship with its accounting firm, the firm itself is less important than the partner who leads its engagement team in lowering its tax rate, according to a new study from Iowa’s Tippie College of Business. Wilde’s team analyzed more than 94,000 tax returns of U.S.

business tax 98

business tax Tax North Carolina tax preparation 98

BuildYourFirm

MARCH 24, 2021

Every accountant can use some additional visibility to drive new business, and your Google My Business listing is the perfect place to start optimizing your local internet presence. Certified public accountant). You may also choose secondary categories, such as Tax preparation. Freshen the Q&A section.

Account 224

Account accountant accounted Start-ups 224

ThomsonReuters

JUNE 4, 2024

In today’s fast-paced business landscape, accounting firms face constant pressure to increase efficiency, upskill staff , and meet increasing client demands. When it comes to tax research, it also opens the door to instant access to guidance on tax law and related analysis, transforming the way your staff approaches their work.

accounting firms 52

accounting firms Account accountant accounted 52

CPA Practice

JULY 11, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the pros and cons, as well as the technologies and liabilities, of outsourcing tax and accounting tasking. Use the podcast player below to listen. Transcript is below the podcast player.)

Technology 97

Technology accounting firms Tax Account 97

CPA Practice

MAY 22, 2023

In this article we will outline not only the legal requirements but the best practices we have identified in our consulting with firms and in providing accounting firm security briefings. Conducting a cybersecurity training is a must for all accounting firm personnel and should be scheduled at least annually.

tax preparation 105

tax preparation Technology Education accounting firms 105

xendoo

SEPTEMBER 10, 2021

Today’s accounting firms can handle a wide variety of SMB bookkeeping tasks, including: Invoices . Corporate tax preparation . By outsourcing your needs to an online accounting firm, you gain the benefit of industry-leading expertise, all without breaking your budget. Business Tax Preparation and Filings.

bookkeeping 98

bookkeeping bookkeeping services tax preparation bookkeeping software 98

xendoo

FEBRUARY 23, 2022

A number of factors affect the time it takes to file taxes. Not all of these will be the responsibility of the tax preparer. . First, you must make sure that you have all of the required documentation available for the tax preparer. State or local property tax. Tax Preparation for Small Business Owners.

tax preparation 94

tax preparation Tax tax return Account 94

ThomsonReuters

JUNE 18, 2024

Jump to: Understanding the challenges with search functionality Overcoming constraints by utilizing AI-powered tax and accounting solutions Optimizing your tax research strategies with AI In a world of information overload, many tax and accounting firms are facing challenges in finding trusted answers to complex and evolving tax topics.

accounting firms 52

accounting firms Tax Account accountant 52

Accounting Insight

AUGUST 5, 2024

Consider the following criteria to ensure your selection aligns with the unique needs of your accounting practice: Scalability: Evaluate whether the tool can grow with your practice and adapt to evolving needs. The post Top tips: Choosing the right software for your accountancy firm appeared first on Accounting Insight News.

accounting firms 59

accounting firms Technology Account accountant 59

Going Concern

NOVEMBER 21, 2024

TAX CANDIDATES FTE Senior Tax Accountant | Candidate ID #23560436 Certifications: EA in process Education: BBA Accounting Experience (years): 7+ years in public accounting Work experience (detail): Tax manager with a CPA firm Client account clean up Prepared 500+ returns in 2024 tax season Reviewed 200+ returns Client niches: Manufacturing, Hospitality, (..)

Real Estate 52

Real Estate Account accountant accounted 52