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Beyond tax season: creating revenue stability year-round

ThomsonReuters

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. 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.

Tax 102
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Decoding the Difference: Tax Planning vs. Advisory

CPA Practice

By Al-Nesha Jones, CPA, MBA. While chestnuts crackle and we gear up for the annual tax preparation season, it becomes clear that the winter holidays bring more than just festivities and time off; they also mark the beginning of the tax preparation party. Tax advisory tends to be much more frequent. Tis the season!

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10 Ways to Help Gen X Clients Prepare for Retirement

CPA Practice

By Al-Nesha Jones, CPA, MBA Generation X—aka the Sandwich Generation, Latchkey Kids, Baby Busters, and even the Forgotten Generation—will soon be approaching retirement age. Toss on the tax savings : Quantify for your client how increased pre-tax retirement contributions (401(k) and/or IRA) could decrease their overall tax liability.

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How to get started as a virtual bookkeeper in 7 steps

5 Minute Bookkeeping

This will cover everything from the technical aspects of doing bookkeeping, to the technological aspects of doing the books. You could simply take some bookkeeping courses from there or consider online learning from other online schools. In these situations, you should consult an attorney as well as a CPA. #4:

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10 Financial Challenges of Being a Solopreneur

Ronika Khanna CPA,CA

In addition to all of this, solopreneurs often face specific accounting, tax, and finance challenges. This includes basic tasks like bookkeeping, interpreting financial statements, and making informed financial decisions. This simplifies tracking and makes tax preparation much easier.