CPA Practice

FEBRUARY 12, 2024

Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient.

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Ryan Lazanis

JANUARY 23, 2023

It’s my belief that hiring a virtual assistant for CPAs is one of the best choices you can make when scaling your firm. 4) They Free Up Your Time Too many CPAs and firm owners have a whole host of tasks they’re handling that are eating up their precious time. Let’s get started.

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Withum

MARCH 22, 2024

Extensions are permitted that will postpone the due date, but the payments cannot be extended and balances due and the first quarter estimated taxes, if required, must be paid by the original due date of April 15 th or 17 th. They are, and the short mention of a concern at that tax preparation meeting or interaction is the way to find out.

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Insightful Accountant

MARCH 26, 2023

GBG Americas' Christina Luttrell breaks down three essential strategies for today's accountants, CPAs and tax preparers.

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CPA Practice

MAY 15, 2024

The awards also let professionals see the technologies and best workflow practices their peers are using, which can help them stay competitive in the constantly-evolving tax and accounting space. Thank you to the more than 5,500 readers who participated in voting this year. Now, on to the results!

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CPA Practice

FEBRUARY 17, 2023

Tax season is always stressful. Hurried filers inundate tax preparers working furiously to help their clients file on time while the dreaded tax deadline looms. However, it’s important to pause and reflect on your data privacy standards, digital communication norms, and potential vulnerabilities this tax season.

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CPA Practice

NOVEMBER 11, 2024

The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Sifting through what is in the market and coming to market, it is clear that tax preparation will be more profitable than ever.

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CPA Practice

JULY 2, 2024

From Bland to Brilliant: Elevating Your CPA Titles and Subject Lines I asked ChatGPT (free version) the following: “Please name some options for a sub-heading in an article about creating good titles and subject lines for CPAs.” Trust only licensed preparers with a bona fide reputation, lest you fall prey to their spectral schemes.

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TaxConnex

NOVEMBER 15, 2022

Many certified public accountants (CPAs), enrolled agents and other tax preparers and professionals that run accounting and tax preparation firms are constantly looking for new advisory avenues to service clients. government affairs at Wolters Kluwer Tax & Accounting wrote on Accounting Today.

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Going Concern

APRIL 20, 2024

We observed many of them raising prices, implementing thorough onboarding procedures that would immediately eliminate the pain in the ass clients who can’t fill out basic paperwork in a timely manner, and best of all (for them, not the clients), tax preparers across the board were turning away clients left and right.

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xendoo

SEPTEMBER 28, 2021

Due to the unprecedented challenges of 2020, the IRS extended the traditional income tax filing deadline to May 17, 2021. While it remains to be seen whether they plan to do the same for the 2021 tax year, it is a strong possibility. . The current deadline for business tax preparation and submission is currently April 15, 2022.

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CPA Practice

FEBRUARY 27, 2024

By Crystal Blythe, IDology Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. It also introduces unique challenges that CPAs and tax professionals can’t ignore. CPAs and tax professionals are right to leverage this technology.

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CPA Practice

SEPTEMBER 23, 2024

CPAs are essential for financial reporting, advanced tax preparation and other dull-but-important tasks that keep the economy going. These days, the accounting profession is in crisis as CPAs retire and the pipeline to replace them dries up. At the same time, the number of new candidates taking the CPA exam has plunged.

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Nancy McClelland, LLC

JANUARY 15, 2023

As you might imagine, we get quite a few inquiries for tax preparation services, but a) we only do taxes for our small business accounting & bookkeeping clients, and b) we only work with clients in Illinois, Indiana and Wisconsin. Tax Preparer. It’s an arena rife with underrepresentation issues.).

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CTP

APRIL 15, 2022

As news headlines proclaim stories of tax fraud, taxpayers may wonder how they can trust that their tax preparer is abiding by ethical practices. Fortunately, the Treasury Department provides a resource that regulates practice before the IRS for certified public accountants (CPAs), attorneys, and enrolled agents.

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MyIRSRelief

DECEMBER 15, 2022

Our Los Angeles based tax firm, led by Mike Habib, EA, represents and helps business taxpayers get compliant with tax & accounting service, contact us today at 1-877-78-TAXES [1-877-788-2937]. What is income tax preparation service? What is business tax preparation service?

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Withum

OCTOBER 27, 2023

CPAs perform a wide range of services including personal financial planning. This is a critical service for clients and I feel the CPA is best able to perform these services. I have been doing this since I started my own practice, having considerable experience from my initial jobs with CPAs.

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CTP

APRIL 29, 2022

For guidance on ethical practice before the IRS, tax professionals turn to Circular 230. This publication by the Treasury Department is used by certified public accountants (CPAs), attorneys, and enrolled agents. If a position is deemed frivolous, both the taxpayer and the tax preparer can be penalized.

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ThomsonReuters

MAY 6, 2022

Many CPAs offer consulting services alongside regular tax preparation, which helps create additional revenue for the firm and provides additional support for clients. Offering more services than just tax preparation is beneficial because it ensures an accounting firm has more cash flowing from different areas.

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CPA Practice

OCTOBER 10, 2023

It provides essential services due to the complexity of tax laws and the importance of offering valuable tax-saving advice to clients; and that’s just the tax half of the industry. It offers a buffer against the challenges of recruiting new staff and retaining seasoned CPAs.

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BuildYourFirm

MARCH 24, 2021

You may also choose secondary categories, such as Tax preparation. The post The Ultimate Guide to Google My Business for Accountants appeared first on Marketing Accounting Firms and CPAs. Be sure your business name is identical to how you use your business name in the real world and across the internet.

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Nancy McClelland, LLC

NOVEMBER 27, 2024

Get 30% off your first 3 months of your membership to The Dancing Accountant’s “Ask A CPA” community — for bookkeepers who want to level-up their accounting game and increase collaboration with their clients’ CPAs and tax preparers. Use code WORKFLOWCON2024 though Nov 30.

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MyIRSRelief

FEBRUARY 1, 2023

Tax representation may be necessary in a variety of situations, such as when a taxpayer is facing an audit, contesting a tax assessment, or seeking to resolve a tax debt. There are several types of tax professionals who can provide tax representation, including attorneys, Certified Public Accountants (CPAs), and enrolled agents.

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PANALITIX

AUGUST 9, 2020

Hetzel & Associates, CPAs spoke frankly and clearly on the many challenges and opportunities related to growing an accounting business. Hetzel & Associates, CPAs. Prices for tax preparation work start at $700 for individuals ($1,500 for business clients) and will vary based on the package. RESOURCES / ARTICLES.

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CPA Practice

JANUARY 3, 2024

Top 200 accounting firm ATA CPAs + Advisors has expanded its presence in western Tennessee after combining with Memphis-based Whitehorn Tankersley & Davis PLLC on Jan. WTD’s 47 years of expertise ranges from tax preparation and accounting services to more in-depth services, such as audits, financial statements, and financial planning.

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Accounting Today

OCTOBER 9, 2024

Disagreements with the IRS, while business as usual for CPAs, can be terrifying to the taxpayer.

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MyIRSRelief

NOVEMBER 3, 2023

With his expertise and guidance, you can resolve your tax issues and regain peace of mind. The Enrolled Agent Advantage Enrolled Agents are not just tax preparers; they are tax experts. Under federal law, Enrolled Agents, like attorneys and CPAs, have unlimited practice rights.

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CPA Practice

JULY 17, 2024

With fewer young people entering the profession and an increasing number of baby boomers, who account for three-quarters of CPAs, heading for retirement, a Bloomberg analysis of data from the Bureau of Labor Statistics found that there are 340,000 fewer accountants than there were five years ago. Other VCs would seem to agree.

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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.

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xendoo

AUGUST 2, 2021

You may soon discover that tax preparation takes a considerable amount of time and attention, both of which could be better spent on growing your business. If this sounds broad, that’s because modern CPAs can be responsible for a broad range of financial tasks. The post How Much Does a CPA Cost? According to the U.S.

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CPA Practice

JANUARY 8, 2024

We continue to urge taxpayers who need help to reach out to a trusted tax professional, including those who work with recognized national organizations.” The IRS reminds taxpayers to make sure they choose a trusted, respected tax professional for help. For more information, visit Tax Professional Awareness Week.

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CPA Practice

APRIL 8, 2024

Tax season – an already stressful time for Certified Public Accountants (CPAs) – has been made even more stressful by tax scams. For example, many CPAs and tax professionals use e-signatures to sign and send documents digitally, reducing instances of errors and speeding up time-consuming processes like auditing or reporting.

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Nancy McClelland, LLC

APRIL 5, 2024

This week, I discovered a gift that Gusto created for tax preparers with clients that use the Gusto+Guideline combo — a reporting tool that will literally prepare the Form 8881 “Credit for Small Employer Pension Plan Startup Costs” for you.

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CPA Practice

AUGUST 14, 2024

The updated 28-page template , “Publication 5708, Creating a Written Information Security Plan for Your Tax & Accounting Practice,” was announced by the agency and its Security Summit partners—representatives of state revenue departments and the tax industry—on Aug.

Tax 111

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Snyder

JULY 13, 2022

While the concept of CAS isn’t new, it’s still not known to many business owners and lots of certified public accountants (CPAs) struggle to persuade their clients to switch to this format of accounting. CAS expands beyond the traditional scope of bookkeeping and tax preparation. What are client accounting services (CAS)?

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CPA Practice

JULY 3, 2024

Additionally, accounting, tax preparation, and bookkeeping firms are navigating a growing staffing shortage. However, the American Institute of Certified Public Accountants (AICPA) estimated that about 75% of CPAs will soon reach retirement eligibility.

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CPA Practice

DECEMBER 15, 2023

Accounting software also simplifies tax preparation by identifying taxable income and deductions with ease. QuickBooks Online Many accountants and CPAs recommend Intuit QuickBooks to their clients for good reason. Not all small businesses are on board yet.

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