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

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

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. To learn more about how to implement automation in your firm, read the full interview with Michele Donohue.

tax preparation 98

tax preparation Technology Tax accounting firms 98

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

CPA Practice

OCTOBER 10, 2023

However, as tax regulations become more intricate and audit scrutiny intensifies, the demand for accurate tax preparation continues to grow, adding pressure to tax practitioners. 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

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. With agentic AI, accountants can automate complex pieces of the tax return process.

Tax 64

Tax Account accountant accounted 64

Going Concern

SEPTEMBER 25, 2023

The long-running TPB investigation found that Mr Carter lodged false BAS and amendments for unwitting clients and lied about their tax returns and debts that did not exist. 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

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

AdviceForTaxpreparers

AUGUST 12, 2014

Therefore, we like it when we have guidelines such as an employee handbook that tell us how to respond in an accounting firm to a particular situation. However, new accountants soon find out that the firm grapevine provides unwritten rules to be followed as well.

tax return 138

tax return Account accountant accounted 138

ThomsonReuters

JANUARY 16, 2025

Avoid the last-minute filing rush Minimize client e-file rejections Receive faster refunds Maintain data security in tax returns More time for advisory services How to convince clients to e-file early When does early e-filing start? The IRS usually starts accepting tax returns for the new season on the 4th Monday of January.

Account 52

Account accountant accounted tax return 52

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

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. It bookmarks and organizes source documents into a standardized work paper index that follows the flow of the tax return.

tax preparation 64

tax preparation Tax tax return Technology 64

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

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

Going Concern

SEPTEMBER 19, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #15191471 Certifications: EA in progress Education: BA Accounting Experience (years): 7+ years tax and accounting experience in public accounting Work experience (detail): Leads a team of 5+ tax professionals Preparation and review of more complex tax returns Client account leadership (..)

Account 105

Account accountant accounted Construction 105

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

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

MyIRSRelief

FEBRUARY 1, 2023

An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws. Tax lawyers must complete a law degree and pass a bar exam in order to practice law.

Tax 147

Tax tax return cpas audit 147

ThomsonReuters

JUNE 15, 2023

You work to improve your tax and accounting firm — increase profitability, expand into new areas, and find a better work-life balance. Tax firms are feeling the pressure of changing tax regulations, along with clients who expect greater accuracy and faster responses in the digital age.

Technology 92

Technology tax preparation tax return Tax 92

CPA Practice

MAY 22, 2023

If not, it’s time to conduct one as it is not only a good practice but is required for any individual or firm that electronically file tax returns. Conducting a cybersecurity training is a must for all accounting firm personnel and should be scheduled at least annually. First things first.

tax preparation 105

tax preparation Technology Education accounting firms 105

CPA Practice

JULY 17, 2024

This specialized labor shortage is not just a problem for the accounting firms struggling to fill out their entry-level recruiting classes. But with depleted ranks, accounting firms are struggling to keep up with demand, and founders say they are struggling to get the answers they need. Other VCs would seem to agree.

Account 124

Account accountant accounted Technology 124

xendoo

SEPTEMBER 10, 2021

Every small business owner should have access to an accountant. A small business accountant can provide guidance at every stage of your company’s development, and they can be invaluable when it comes to tax preparation, succession planning, and more. But finding the right accountant is about more than just cost.

online accounting 97

online accounting Account accountant accounted 97

LyfeAccounting

JUNE 2, 2021

Want to Know How to File an Amended Tax Return? As an accounting firm, we’ve filed our fair share of amended tax returns. In today’s post, we’ll be going over when to amend your taxes and the 5 steps to actually amend your taxes. Steps to Take When Filing Amended Tax Return.

tax return 52

tax return Tax accounting and finance tax preparation 52

CPA Practice

SEPTEMBER 17, 2024

With 20 years of experience in public accounting and 16 years in tax software development, she has a deep understanding of accounting and tax companies’ needs and utilizes that knowledge to develop a quality tax preparation product.

Tax 105

Tax North Carolina Indiana Illinois 105

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

Tax 98

Tax tax return income tax audit 98

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

ThomsonReuters

JULY 10, 2024

It’s back to business fundamentals for many tax and accounting firms as 2024 shapes up to be a year of re-assessment and re-building, according to the Thomson Reuters Institute 2024 State of Tax Professionals Report.

Tax 98

Tax Technology accounting firms accounts payable 98

ThomsonReuters

NOVEMBER 28, 2023

Baby Boomers are retiring in droves, younger accountants have less desire to become a partner, and a dwindling number of college students are entering the field. To understand how your firm stacks up in terms of the need for automation , ask yourself: What is your process for gathering client documents? How are you getting paid?

Technology 112

Technology Account accountant accounted 112

ThomsonReuters

NOVEMBER 8, 2022

By automating and streamlining your accounting processes with information technology, you can begin to shift your focus to building more meaningful relationships so you can offer clients forward-looking advice and adopt an advisory services business model that frees you from seasonality and excessively long hours. Complete work faster.

Technology 98

Technology Account accountant accounted 98

Going Concern

MARCH 21, 2023

TurboTax and QuickBooks are full of rudimentary AI features and already have reduced the need for some bookkeepers and tax preparers. The products can sort accounts, predict the other side of a journal entry, and populate a tax form with high accuracy. ChatGPT is Usain Bolt.

Account 115

Account accountant accounted tax return 115

Going Concern

FEBRUARY 13, 2025

TAX AND ACCOUNTING CANDIDATES FTE Senior Tax and Accounting | Candidate ID#23814240 Certifications: CPA Education: BA, MA Financial Accounting Experience (years): 15+ years accounting experience Work experience (detail): 3+ in public accounting Accounting, payroll and tax filing with 40+ clients Client advisory, tax planning, financial review Prepares (..)

Account 52

Account accountant accounted Real Estate 52

ThomsonReuters

NOVEMBER 8, 2022

Use automation to generate tailored document request lists and the retrieval of documents while using APIs to automate integration with your tax, document, and workflow software. . Tax preparation. Automate workpaper preparation and data entry with an option to outsource data verification.

Technology 105

Technology Account accountant accounted 105

Ryan Lazanis

OCTOBER 24, 2022

This is pushing accountants like you to ditch hourly rates in favor of a new pricing strategy and method, which sometimes creates confusion about how to set your accounting services fees. Though this has presented difficulties in pricing for accountants. In basic bookkeeping and accounting, not all hours are created equal.

bookkeeping services 98

bookkeeping services Account accountant accounted 98

ThomsonReuters

JULY 6, 2023

Career paths in accounting Career paths in accounting can be personal, public, or corporate. Is accounting advisory a good career? In today’s competitive business landscape, accounting advisory means much more than simply preparing tax returns or compiling financial statements. In one word: yes!

Account 98

Account accountant accounted accounting and finance 98

ThomsonReuters

NOVEMBER 8, 2022

At face-value, automating accounting can be a scary thought: robots can do it better? It is certainly more economical for rules-based software to complete tax returns instead of expensive and error-prone humans. However, automation is the accountant’s pathway to more rewarding, high-value work. . Improve firm value.

Technology 80

Technology tax return Account accountant 80

ThomsonReuters

APRIL 4, 2022

At the end of the day, all tax preparation software will give you the same result: a completed client tax return on an IRS-approved form. Robust integration capabilities are key for unprecedented time savings and accuracy and can move your firm to one-time data entry or even to zero-time data entry.

Tax 98

Tax Technology tax preparation tax return 98

ThomsonReuters

JUNE 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you know that differentiating yourself from the competition is always top of mind. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust.

tax return 93

tax return Tax bookkeeping services Technology 93