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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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How to get started as a virtual bookkeeper in 7 steps

5 Minute Bookkeeping

Are you new to virtual bookkeeping? Maybe you’re not even officially a new bookkeeper yet, but you’re seriously thinking about it. If you are starting your journey into the virtual bookkeeping field (or you’re considering it), in this article we’ll go over how to get started as a virtual bookkeeper in 7 steps.

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Decoding the Difference: Tax Planning vs. Advisory

CPA Practice

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 preparation has its spotlight, tax planning follows a rhythmic beat … and tax advisory ?

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Bridging Insights: A Conversation with Marcus Brandt, Partner

DMCL

This could mean taking a bookkeeping course, mastering Microsoft Excel, or even going through basic tax returns to understand the underlying calculations. What advice would you offer to new public practice accountants embarking on roles within private enterprise?

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10 Ways to Help Gen X Clients Prepare for Retirement

CPA Practice

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. You can use a tool such as Intuit Tax Advisor to calculate the impact quickly and easily, and present it in an easy-to-understand format.

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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.