Accounting Insight

NOVEMBER 5, 2024

The IRIS Elements suite now offers three tiers: IRIS Elements Essential for smaller practices and startups, IRIS Elements Professional for mid-tier firms and, now, IRIS Elements Enterprise for firms serving complex clients. “In

accounting firms 52

accounting firms tax return Account accountant 52

TaxConnex

NOVEMBER 22, 2022

In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. Another cost-effective approach to adding sales and use tax advisory services: partnering with sales and use tax experts. Review the sales tax payable account.

accounting firms 130

accounting firms Sales Tax tax return 130

CPA Practice

NOVEMBER 15, 2024

Tasks that once took multiple days and/or accounting professionals to complete can be readily accomplished in a matter of hours – whether that’s creating detailed tax reports and summaries or gathering reams of financial data to help prepare tax returns.

tax return 115

tax return audit accounting firms Tax 115

Going Concern

AUGUST 14, 2024

We have no way of knowing if Heier Weisbrot & Bernstein, LLC has a tax return backlog. Yet another accounting firm has reported a data breach, this time Heier Weisbrot & Bernstein of Gibbsboro, New Jersey and the details are a bit scarier than just bad actors caught digging around in the firm’s files.

tax return 112

tax return Tax Vermont New Jersey 112

ThomsonReuters

JANUARY 23, 2025

According to the Thomson Reuters Institute 2024 Generative AI in Tax Firms report , nearly half ( 47% ) of tax firm respondents are excited or hopeful about GenAI, driven by the potential for increased efficiency and productivity.

accounting firms 64

accounting firms Tax Account accountant 64

Going Concern

JANUARY 30, 2024

.” Additionally there’s this scary bit of info: File Your Tax Return. We encourage you to file your tax return as soon as possible, if you have not already done so.

accounting firms 111

accounting firms Account accountant accounted 111

Going Concern

DECEMBER 2, 2022

I’m sharing this r/accounting post so six months from now we can look back on it and fondly remember a time when it seemed desperate for partners to be out combing the LinkedIn meat market for talent leads. We might need to start thinking about Life After Accountants. Friends, the desperation is only beginning.

accounting firms 116

accounting firms Account accountant accounted 116

AdviceForTaxpreparers

SEPTEMBER 8, 2020

Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. Bill Meador is a CPA and lawyer who has worked in the tax departments of public accounting firms for over twenty years.

tax preparation 246

tax preparation Tax cpa firm tax return 246

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. Organize tax information.

accounting firms 111

accounting firms Account accountant accounted 111

Going Concern

FEBRUARY 22, 2023

TL;DR Two guys and their accounting firm are accused of filing false tax returns and a touch of COVID relief fraud. Read: A federal grand jury returned an indictment on Feb. Read: A federal grand jury returned an indictment on Feb. wire fraud and filing false tax returns, district court records show.

Utah 105

Utah accounting firms tax return Account 105

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

Going Concern

SEPTEMBER 7, 2023

Business growth is always a high priority for accounting firms, especially small-to-midsize practices. Simply copy and paste the content below, print it out on some nice letterhead, invent a way to send letters to abstract concepts, apply appropriate postage, and—BOOM—your accounting firm will be growing sustainably in no time!

accounting firms 122

accounting firms Technology Account accountant 122

ThomsonReuters

JULY 6, 2023

As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. From advising on mergers and acquisitions to specializing in accounting and advisory in your clients’ specific industry, there are many ways to take advantage of this unique opportunity.

accounting firms 98

accounting firms Account accountant accounted 98

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

TaxConnex

FEBRUARY 27, 2024

For respondents, the staffing struggle also meant curtailing business growth (19.23%), more errors in sales tax calculation (17.58%), more frustration from existing staff (21.43%) and, perhaps scariest, a growing lack of confidence in being prepared for an audit (22.53%).

Sales 264

Sales Tax Account accountant 264

CPA Practice

NOVEMBER 11, 2024

This webinar will be held on Tuesday, December 3, 2024 at 1:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now We’ll demonstrate how automation integrates with popular accounting platforms to save time, reduce risk, and enhance efficiency. We live and breathe sales tax and license compliance. Plus, earn free CPE credit!

Tax 116

Tax Indiana Technology CPA 116

TaxConnex

DECEMBER 7, 2021

In 1997, SSVE requested an advisory opinion from the New York Department of Taxation and Finance on whether sales from its coin-operated air machines were exempt from sales tax. New York responded that receipts from sales of services rendered by air inflation machines are subject to sales tax.

Alabama 246

Alabama New York tax return Sales 246

ThomsonReuters

NOVEMBER 9, 2023

In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Many firms are shifting their hunt for talent beyond the traditional accounting background.

tax planning 105

tax planning accounting firms Tax Account 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

ThomsonReuters

APRIL 23, 2021

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. Frustrated by the historical thinking of his accountants, Paul went on a path of figuring things out on his own.

accounting firms 98

accounting firms Tax Account accountant 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. When it comes to accounting, they’re clueless and they need help. Make sure you get paid up front.”.

cpas 178

cpas Tax Massachusetts CPA 178

CPA Practice

FEBRUARY 12, 2024

With the tax code in limbo, you’ll will have to weigh that uncertainty against the amount of money your business stands to save.

tax return 115

tax return Tax Virginia Transportation 115

Going Concern

JANUARY 13, 2025

There is enough data to show most WFH people are not as productive unless they have ownership in the business because quite frankly [link] — Eric Pierre, CPA (@yourfavecpa) January 12, 2025 Venture capitalists are excited about accounting firms according to WSJ : Venture capitalists are known for betting on risky, moonshot technology.

accounting firms 52

accounting firms Account accountant accounted 52

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

PANALITIX

DECEMBER 3, 2020

Specifically, they want to work with clients who VALUE their skills and insights, rather than ‘checking tax returns’. In the words of the founder of a North Carolina-based 12-person accounting firm, “Changing my mindset was the first important step I took in reforming my business. Carve out time for things you enjoy.

Account 231

Account accountant accounted North Carolina 231

ThomsonReuters

MAY 5, 2022

Growing your accounting firm through specialization. Many accounting firms have tried to grow their practice by being all things to all clients. The potential problem with this approach is that it can hurt the firm when they get very specialized client requests. Don’t let your accounting firm fall victim.

accounting firms 96

accounting firms Tax Real Estate Account 96

ThomsonReuters

APRIL 13, 2023

If you have satisfied tax return clients, in many ways you’ve already taken a step towards recurring income. Most likely, they’ll come back next tax season and perhaps from time to time throughout the year as they make key decisions. While there are very few “sure shots” in business, a retainer is the next best thing.

tax return 59

tax return Tax accounting and finance accounting firms 59

MyIRSRelief

SEPTEMBER 8, 2020

The IRS doesn’t care about how busy you are, they don’t care about years of backed up bookkeeping, financial worries, or anything else, they simply care about you filing your accurate business tax return annually and paying what you owe. Get a free evaluation today 1-877-788-2937. Log any expenses relevant to your business.

bookkeeping 147

bookkeeping Account accountant accounted 147

Menzies

JANUARY 23, 2025

Menzies LLP - A leading chartered accountancy firm. HMRC launched a new one-to-many campaign on 15 January 2025 specifically targeting delivery drivers who HMRC believe have failed to deliver a tax return disclosing their income. Read on to find out how to address your past and present UK tax obligations.

tax return 52

tax return chartered accountant Tax income tax 52

CPA Practice

AUGUST 17, 2023

In July, more than 20 of the profession’s thought leaders met for the virtual Avalara Accounting Meta Influencers roundtable discussion of how AI will likely impact accounting firms and their clients, and to start developing best practices firms can embrace to best optimize its potential benefits.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

MARCH 15, 2023

Today, a growing number of private equity investors are entering the accounting market as they’ve discovered that investing in accounting firms can yield great returns. That is, if the firm is a good fit and has the right appeal. Why is an accounting firm’s tech stack important to private equity?

Technology 64

Technology accounting firms Account accountant 64

Accounting Insight

SEPTEMBER 2, 2024

For mid-tier and smaller accounting firms, digital technologies offer many opportunities to innovate, enhance client service and drive efficiencies. The post Supporting accounting firms to adopt technology appeared first on Accounting Insight News. Book your free ticket here.

Technology 52

Technology accounting firms Account accountant 52

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

TaxConnex

JULY 26, 2022

Another DIY example requires you to login to each state’s e-file site where you are filing sales tax returns to retrieve electronic notices.? Many of the sales tax firms that focus on providing software to calculate the tax for an invoice just aren’t good at providing a service as well (i.e.

Sales 246

Sales Tax tax return Technology 246

Accounting Insight

FEBRUARY 27, 2023

If growth is on the agenda for your accounting firm, then marketing is going to help. Do this first, and your marketing will rise above the noise and help you to win the right type of clients for your firm. Skip this, and you risk your marketing lacking focus and results. This is why choosing the right keywords is essential.

accounting firms 64

accounting firms Account accountant accounted 64

ThomsonReuters

DECEMBER 10, 2024

For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself. Streamlined compliance: AI agents could monitor regulatory changes, flag potential compliance issues, and even assist in preparing and filing tax returns.

audit 91

audit Tax Technology tax return 91

ThomsonReuters

DECEMBER 10, 2024

For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself. Streamlined compliance: AI agents could monitor regulatory changes, flag potential compliance issues, and even assist in preparing and filing tax returns.

audit 97

audit Tax Technology tax return 97