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. This lack of visibility and explainability is especially problematic for high-stakes work like tax preparation. By Crystal Blythe, IDology. Those days are long gone.

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cpas Tax tax preparation Technology 105

CPA Practice

JANUARY 8, 2024

Enhanced paperless processing that will enable taxpayers to submit all correspondence, non-tax forms, and responses to notices digitally and will be able to e-File 20 additional tax forms. Achieving this milestone will enable up to 125 million paper documents to be submitted digitally per year.

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Going Concern

AUGUST 31, 2023

Tech Stack: Adobe (return documentation), TicTie & Calculate (return documentation), CCH ProSystems, CaseWare, Doc-It, etc. Education: BBA in accounting Candidate ID # 18756621 Proven client-facing team leader provides full cycle accounting, bookkeeping & more to a wide range of client industries!

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MyIRSRelief

MAY 15, 2024

Resolution through an Enrolled Agent: EAs can guide nonprofits in establishing systems to correctly assess and document the fair market value of in-kind contributions. They also ensure that all contributions are acknowledged in accordance with IRS requirements, thus safeguarding donors’ ability to claim tax deductions.

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inDinero Tax Tips

NOVEMBER 4, 2021

Even if your books are perfectly accounted for, an IRS audit letter will fill anyone with a sense of dread. However, most businesses are unprepared and need IRS tax audit help. Having proper documentation of all your income and expenses is the easiest way to pass an audit.

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CPA Practice

JANUARY 29, 2024

Enhanced paperless processing that will enable taxpayers to submit all correspondence, non-tax forms, and responses to notices digitally and will be able to e-File nine additional tax forms with 11 more planned. Achieving this milestone will enable up to 125 million paper documents to be submitted digitally per year.

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Going Concern

JULY 25, 2024

TAX AND ACCOUNTING CANDIDATES FTE Senior Tax and Accounting | Candidate ID #22044344 Certifications: CPA in process Education: BS Accounting Experience (years): 10+ years accounting experience Work experience (detail): 10+ years in public accounting Averages 200 returns prepared per tax season Quarterly financials, draft SBA loan submittals Tax planning (..)

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CPA Practice

JUNE 21, 2023

Learn how using digital, fillable client organizers, file exchange, document request lists (DRL), and other front-end gathering tools within the SafeSend Suite is a smart technology investment. We had significant usage with the source document upload feature.” – Virginia Dennerlein, Director of Operations, Sax LLP.

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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. This lack of visibility and explainability is especially problematic for high-stakes work like tax preparation. Those days are long gone.

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cpas Tax tax preparation Technology 69

CPA Practice

SEPTEMBER 16, 2024

The expanded CCH Axcess Audit integrates customers’ audit applications with tax preparation, time and billing, practice management, workflow optimization, and client collaboration tools. Modern native cloud: Users can indulge in multiuser, real-time, anywhere access with limited offline document editing capabilities.

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Going Concern

JANUARY 19, 2024

Practice Protecting tax accounting information: Best practices for IT professionals in data security and confidentiality [ Thomson Reuters ] Accounting firms are entrusted with a wealth of sensitive financial data, including tax records, income statements, and other confidential information. Fair enough.

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Arizona accounting and finance audit Technology 104

ThomsonReuters

JANUARY 29, 2024

Check out our talent acquisition and retention blog series   to learn more actionable strategies to attract and retain top tax, accounting, and audit professionals. The post Revolutionize your talent strategy with automation appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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CPA Practice

AUGUST 28, 2024

Where, at first, these effects were mostly felt in communication and research, the turn of the century and the first decade of the 2000s saw firms more rapidly embrace suites of integrated tax, accounting and firm management systems. By making these tax positions accessible to the average taxpayer, Instead levels the playing field.

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Going Concern

OCTOBER 20, 2023

Many records and documents requested by auditors were not provided by Williams and had been transferred to his personal laptop. Attorney’s Office, District of Nevada ] According to court documents and statements made in court, Lance K. LLB provided accounting services including tax preparation, audit and consulting services.

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CPA Practice

NOVEMBER 9, 2023

Thomson Reuters, a global content and technology company, has added several updates to its suite of tax, accounting and audit products, it announced at its annual customer event, SYNERGY. Automating tax and audit workflows “Tax industry professionals struggle with the increased pace of regulatory change and hiring challenges.

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ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Preparing tax returns.

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accounted Account accountant tax preparation 59

Shay CPA

FEBRUARY 28, 2024

. #2: Get the essentials gathered Not so very long ago, this meant rummaging through filing cabinets to pull all of the paper documentation your accountant would need. While you’re putting some energy into gathering up the documents you need, grab a copy of your 2022 tax returns. Clearly, tax prep isn’t easy.

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Going Concern

AUGUST 15, 2024

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164769 Certifications: EA in process Education: BS BA, MBA, MS Accountancy Experience (years): 5+ years accounting experience Work experience (detail): Senior Accountant/Controller at an accounting firm Writing and implementing client SOPs Client-facing financial reviews Leads 5 staff accountants (..)

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ThomsonReuters

OCTOBER 31, 2023

How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception. While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools.

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Basis 365

DECEMBER 2, 2024

Disclaimer The information provided in this blog is for general informational purposes only and reflects observations and recommendations related to outsourced accounting. Basis 365 Accounting is not a CPA firm and does not provide tax advice, tax preparation, or filing services.

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accounted Account accountant bookkeeping 52

xendoo

APRIL 8, 2022

It never hurts to snap a few photos to document your workspace to demonstrate it’s used for business. If you’re unsure, it’s a good idea to contact a tax accountant to verify whether or not they count as a tax deduction. Small businesses should have separate bank accounts and credit cards that are solely for company use.

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ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden.

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inDinero Tax Tips

FEBRUARY 14, 2023

If you are a founder of a new business, an 83b election is a vital tax form that can save you serious money when it comes time to file taxes. An 83b filing could work out great for you, but the ins and outs of this form can be confusing, leaving founders and tax preparers alike unsure of what to do.

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inDinero Tax Tips

FEBRUARY 14, 2023

If you are a founder of a new business, an 83b election is a vital tax form that can save you serious money when it comes time to file taxes. An 83b filing could work out great for you, but the ins and outs of this form can be confusing, leaving founders and tax preparers alike unsure of what to do.

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tax preparation income tax Tax tax accountant 52

inDinero Tax Tips

FEBRUARY 14, 2023

If you are a founder of a new business, an 83b election is a vital tax form that can save you serious money when it comes time to file taxes. An 83b filing could work out great for you, but the ins and outs of this form can be confusing, leaving founders and tax preparers alike unsure of what to do.

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tax preparation income tax Tax tax accountant 52

Withum

JULY 6, 2023

Attorney If you are planning for a meeting with an attorney and need something prepared or something done on your behalf, prepare a memorandum of what you want accomplished. Prepare a listing with your names and addresses and other contact information, and family members if they would be involved in the business in any manner.

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MazumaBusinessAccounting

JANUARY 31, 2023

For example, if you need someone to maintain your accounting software, you’ll want to hire an experienced bookkeeper. If you’ve decided you’re never filling out another tax document, find yourself a small business tax accountant. What Accounting Services Are You Looking For?

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MazumaBusinessAccounting

FEBRUARY 1, 2023

For example, if you need someone to maintain your accounting software, you’ll want to hire an experienced bookkeeper. If you’ve decided you’re never filling out another tax document, find yourself a small business tax accountant. What Accounting Services Are You Looking For?

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accounted Account accountant bookkeeping 52

xendoo

APRIL 27, 2023

How to file Form 1065 Most companies hire a CPA or tax professional to file their 1065 because it’s a complicated form. It’s much more likely to be accurate when filed by a small business tax preparation service , but there are a few basic steps all partnerships need to follow.

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xendoo

APRIL 27, 2023

How to file Form 1065 Most companies hire a CPA or tax professional to file their 1065 because it’s a complicated form. It’s much more likely to be accurate when filed by a small business tax preparation service , but there are a few basic steps all partnerships need to follow.

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Non-Profits tax return cpas bookkeeping 52

xendoo

JANUARY 26, 2023

A tax accountant can also advise you on deadlines and changes. Here’s a list of common forms and tax filing requirements for businesses and their filing deadlines. For a complete list, we’ve updated our 2023 tax deadlines for businesses here. How Long Can You Go Without Filing Business Taxes?

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Tax tax return Non-Profits Legal 52

xendoo

FEBRUARY 13, 2023

If you’re wondering how to pay less in taxes, you’re not alone. Everyone—from individuals to business owners—wants to know how to lower their taxes. Tax laws are complicated and they can change each year. Our tax accountants know all the tax breaks for business owners and how to leverage them.

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Going Concern

JANUARY 26, 2024

This comes after KPMG, which was hired by the organization in 2021 to review its compliance with agreements for three federal grants, found that documentation was lacking. Pride “encountered challenges in locating supporting documents for certain expenditures spanning the years 2017 to 2021,” Modeste said in the statement.

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Ronika Khanna CPA,CA

FEBRUARY 10, 2023

What kind of documentation do you need ? Essentially, the documentation that you require to support your business declaration is evidence of your income and expenses. You are not required to enclose this with your tax return but will be asked for in case of audit. See our article on CRA rules for electronic documents.

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ThomsonReuters

MARCH 5, 2025

AI toolsspecifically, generative AI (GenAI) are impacting the tax profession in many ways : how tasks are performed, how clients are served, and how skill sets need to change. Use cases: AI for tax work First, lets look at the ways AI can benefit tax and accounting practices.

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