CPA Practice

OCTOBER 25, 2024

Watch the video, or listen to the audio podcast below: Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Randy Johnston 00:10 Welcome to today’s Accounting Technology Lab. It’s a it’s always good for me because I learned something new.

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Technology Account accountant accounted 115

CPA Practice

MAY 18, 2023

From optimizing the workspace to implementing technology that streamlines tasks , this blog post will explore the steps firms can take to support professionals who frequently endure the most stress on the job. Tax and accounting firms need to ensure that the mental health of their employees is taken seriously.

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Technology Account accountant accounted 98

ThomsonReuters

AUGUST 2, 2022

Even as accounting firms emerge from the COVID-19 pandemic with a new appreciation for technology’s ability to enable remote work and seamless collaboration, a new challenge has surfaced. Increasing productivity with tax technology. So, how can tax technology boost the agility of your firm?

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Technology Tax Non-Profits tax preparation 98

CPA Practice

OCTOBER 29, 2024

Intuit Connect event attendees were the first to get a close look at the company’s latest innovations for advancing accounting automation, payroll and workforce solutions for mid-market customers, and powerful new marketing capabilities all powered by AI. Intuit Inc.

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Technology quickbooks bookkeeping payroll 105

ThomsonReuters

MARCH 20, 2025

Leveraging AI-powered tax technology to transform last tax seasons struggles into opportunities for long-term success. From IRS updates to new state and local tax laws, staying compliant and properly advising clients requires continuous learning and adaptation. The secret? Jump to 1. Manage your data effectively 3.

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Tax Technology tax preparation tax planning 52

Accounting Insight

FEBRUARY 7, 2023

Whether you’re a practice or a technology vendor in the tax and accounting industry, investments in people and technology are going to feature prominently in 2023. Here are eight predictions that we’re likely to see unfolding in the tax and accounting business and technology landscape for 2023.

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Technology tax accountant Tax Account 83

ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . Assess your current processes and tech stack. The result? Identify issues.

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Technology Account accountant accounted 105

MyIRSRelief

APRIL 29, 2024

These firms understand the unique challenges faced by LA’s diverse entrepreneurial landscape, from tech startups in Venice Beach to established family-run restaurants in Koreatown. Get business tax & bookkeeping help by contacting us today! to minimize your tax burden and maximize profits.

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Tax bookkeeping Entertainment Account 130

Withum

FEBRUARY 6, 2023

Utilize foreign currency automation which saved 4 to 5 hours of manual effort every month to translate foreign currency in multiple worksheets. Increase data access, transparency, and internal visibility , especially with sales tax audits by providing physical location record information with audit trails. Contact Us Good News!

tax preparation 78

tax preparation business tax Tax general ledger 78

ThomsonReuters

MAY 15, 2023

From optimizing the workspace to implementing technology that streamlines tasks , this blog post will explore the steps firms can take to support professionals who frequently endure the most stress on the job. Tax and accounting firms need to ensure that the mental health of their employees is taken seriously.

Account 137

Account accountant accounted Technology 137

PYMNTS

FEBRUARY 6, 2020

She added KPMG is looking forward to using “our hard-earned know-how from the preparation of large-scale FBT returns” and tax technical chops “to catapult ONESOURCE … into a future driven by data, analytics and automation.”. The ONESOURCE FBT software automates the tax calculations necessary to file an FBT return. “As

business tax 52

business tax Tax Technology income tax 52

Menzies

OCTOBER 30, 2024

Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. National Living Wage One of the key challenges faced by the sector is the availability and retention of appropriately skilled labour.

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Manufacturing corporation tax chartered accountant Technology 59

CPA Practice

JUNE 29, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Welcome to Technology Lab. And we want to talk about some audit technology trends in specific about data driven audits and 100% testing. Well, with automation, the change, the calculus has changed somewhat on that.

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Technology audit general ledger Start-ups 52

CPA Practice

APRIL 19, 2023

Break down your processes into individual tasks and consider how to take a team approach to get the work done, leveraging technology and pulling in other team members. The key is to have courage and embrace outsourcing, delegation, automation, non-traditional hiring and getting people in positions that honor their unique abilities.

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Technology CPA tax return auditor 123

PYMNTS

OCTOBER 19, 2020

Here’s the latest news from Amazon and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. Netherlands, France Advocate For Action Against Big Tech. EU Watchdogs Create ‘Big Tech Hit List’. OECD’s Tax Reform To Be Presented To G20.

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Technology tax planning Tax Government 57

ThomsonReuters

MAY 10, 2022

The newly reinstated excise tax compliance obligations can be expected to affect multiple functional areas of a company including Procurement, Finance, Tax, Environmental Regulatory Departments, and Information Technology. Challenges created by Superfund for business tax and IT professionals.

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Technology Tax accounting and finance Manufacturing 98

KROST

JULY 15, 2021

The Technology Issue highlights some of the hot topics in the technology industry including Client Accounting Services (CAS), Nonfungible Tokens, the Effect of Upcoming Changes to IRC Section 174 on the Software Development Industry, and more. KROST’s Technology Team: Industry Group Leader – Paren Knadjian, Practice Leader.

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Technology CPA Real Estate accounting and finance 52

Withum

SEPTEMBER 6, 2022

As technology and emerging growth companies experience success, they find themselves in a position where their revenue is not the only thing growing. For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Author: David Hansell | dhansell@withum.com. Contact Us. Let’s Chat.

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CPA Practice

FEBRUARY 7, 2024

Any business or accounting firm that filed using paper methods but should have filed electronically may receive fines, so it is essential to contact the IRS , their accountant, or their 1099 service provider. Avalara has more than 2,000 accounting firms that use their system to electronically file these forms on behalf of their clients.

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Technology accounts payable accounting firms income tax 123

CPA Practice

MARCH 27, 2023

For many accountants, busy season can certainly feel more like “survival season” – last year, nearly 200 million individual and business tax returns were filed , with accountants shouldering a large portion of the work. Additionally, see how your firm’s technology partners can help out during this season.

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Tax Technology tax return Expense Management 121

ThomsonReuters

JUNE 16, 2023

Firm resources often include, but are not limited to: Employees Technology solutions and other business equipment Working space Capital to pay employees, obtain office space, purchase technology, etc. The accounting profession is no stranger to long work hours and hefty workloads, especially during busy tax season.

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accounting firms Account accountant accounted 98

CPA Practice

APRIL 19, 2024

A Top Technology Initiative Article By Randy Johnston. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. Automate notice handling: Select and implement technology for this purpose.

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Technology cpa firm Non-Profits CPA 72

ThomsonReuters

JUNE 15, 2022

The foundation of a successful tax practice rests on the technical knowledge of your people. While you can create a modern firm with automated processes and expansive service offerings, your clients won’t keep coming back if your team isn’t up to speed with the most recent tax law changes.

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Tax Technology audit tax preparation 98

PYMNTS

OCTOBER 4, 2019

In a statement published on Sprague’s official website this week, the treasurer said “OhioCrypto.com,” the website that allows businesses to pay their taxes in cryptocurrency, would be suspended immediately. “It

Ohio 43

Ohio business tax Tax Technology 43

PYMNTS

DECEMBER 7, 2018

In preparation for tax season, KPMG is rolling out its KPMG Spark tool designed to automate and digitize small business tax services, including tax preparation and compliance, for businesses with annual revenues below $50 million. LeSage, in a statement.

Tax 58

Tax Account accountant accounted 58

CPA Practice

MARCH 5, 2024

A Top Technology Initiative Article. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. Solutions : Invest in continuous training for staff: Adopt robust practice management software and explore automation tools.

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Technology cpa firm CPA Non-Profits 64

CPA Practice

MARCH 24, 2023

For many accountants, busy season can certainly feel more like “survival season” – last year, nearly 200 million individual and business tax returns were filed , with accountants shouldering a large portion of the work. Additionally, see how your firm’s technology partners can help out during this season.

Tax 93

Tax Technology tax return Expense Management 93

Snyder

NOVEMBER 14, 2022

It means giving their businesses the best professional help you can during the busy season. Busy season tip #2. Be lazy and automate accounting. It’s high time you got rid of manual records and ensured correct synchronization of data, especially during this busy tax filing season. Busy season tip #5.

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Account accountant accounted E-commerce 98

ThomsonReuters

AUGUST 25, 2023

How is software depreciated for tax purposes? Internal use vs. external use software Solutions for managing software depreciation for taxes In today’s tech-driven environment, companies need software to efficiently run their business, whether it is software they purchase from an outside source or develop internally.

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Tax Technology Manufacturing payroll 97

Going Concern

JANUARY 19, 2024

Leadership PwC Vets Finalists for Top Job as Industry Meets AI, Gen Z Era [ Bloomberg Tax ] PwC’s next leader will confront the challenges of rapidly advancing technology, recruiting and training an evolving workforce, and keeping up with the needs of its core accounting clients. That number is 64% globally, according to PwC.

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Arizona accounting and finance audit Technology 104

CPA Practice

APRIL 28, 2023

Tax gap studies conducted by the IRS found that the agency collects 55% of the taxes owed on tips, compared with 99% for salaried wages. Now, a new reporting system is being proposed by the IRS that would utilize existing point of sale (POS) technology to collect electronic payment data to streamline the reporting of tipped wages.

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Georgia payroll tax payroll Education 126

ThomsonReuters

OCTOBER 6, 2023

They want to do a better job at using technology to streamline data collection, automate data entry, enhance the review process, and improve service delivery. That’s why we’ve created this simple guide outlining how firms can complete the planning phase of a digital 1040 tax transformation.

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tax preparation Tax tax return Technology 64

CPA Practice

JUNE 1, 2023

Pillar Two Tax teams need to make sure they have the most up-to-date and accurate data in their reporting to to reduce risk of potential penalties. There are four specific steps leaders can take today to prepare for the implementation of Pillar Two, while providing the support their tax teams need: 1. Prep for BEPS 2.0

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Tax corporation tax Technology accounting and finance 98

CPA Practice

JULY 5, 2023

Fundamentally, businesses have the same choices they had in 2018: First, they can build modern tax and finance departments internally by investing in the right people, data capabilities, and technology. Second, they can outsource a significant amount of their tax and finance compliance activities.

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Accounting Insight

SEPTEMBER 4, 2023

I applied for a training contract in the Business Tax team at Peters, Elworthy & Moore (now PEM) based in Cambridge. of ChatGPT and generative AI settles down I think the practical reality of automation and artificial intelligence (AI) will become increasingly important in the accountancy profession.

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Technology accounting and finance Tax Legal 52

CPA Practice

FEBRUARY 26, 2025

Scalable solutions are essential to replace fragmented approaches, ensuring seamless compliance while automating the reconciliation between real-time e-invoice data with periodic VAT filings.

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Technology business tax Tax accountant 72

ThomsonReuters

FEBRUARY 23, 2024

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? When and how should tax systems be upgraded? How can tax technology help when defending an audit?

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audit Sales Tax Technology 52