CPA Practice

FEBRUARY 8, 2024

The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns. To register for a session, tax professionals can click on the date/time below. 12 and running each day next week.

Hawaii 124

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ThomsonReuters

MAY 31, 2024

The recent Future of Tax Automation webinar series dives into various aspects of tax automation and its implications for the future. These webinars provide valuable perspectives from industry experts on leveraging automation to streamline operations, improve client services, and optimize recruitment and retention strategies.

Technology 72

Technology Tax tax preparation tax services 72

Nancy McClelland, LLC

APRIL 16, 2023

(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their tax return. Yet we often see this benefit overlooked on tax returns, especially when S-Corp shareholders pay for their insurance through work.

Tax 52

Tax tax preparation tax return income tax 52

ThomsonReuters

JUNE 13, 2023

All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust. By using technology to automate traditional tax compliance work, forward-thinking accounting firms are engaging clients based on the value and experience they bring to the table.

tax return 93

tax return Tax bookkeeping services Technology 93

Nancy McClelland, LLC

FEBRUARY 13, 2022

The domestic partnership or S corporation has no knowledge that the partners or shareholders are requesting such information for tax year 2021. 4) If even one of the partners or shareholders plans to or is required to report foreign tax credits on Form 1116, Foreign Tax Credit , the Partnership or S-Corp must prepare Schedules K-2 and K-3.

tax preparation 52

tax preparation Tax CPA tax return 52

Going Concern

FEBRUARY 9, 2024

IRS warns tax professionals to be aware of EFIN scam email; special webinars offered next week [ IRS ] The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns.

Technology 104

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ThomsonReuters

JUNE 4, 2024

So, how can AI-powered tax software help accounting firms drive growth and set achievable goals? AI can automate repetitive and time-consuming tasks such as data entry, invoice processing, and basic tax return preparation. Let’s take a look. Automation of routine tasks. Enhanced data analysis. Create a roadmap.

accounting firms 52

accounting firms accountant Account accounted 52

ThomsonReuters

NOVEMBER 2, 2023

The answer lies in tax automation. Tax automation is using technology to streamline and optimize the tax preparation process, from gathering source documents to filing returns. Also, explore the available automation solutions and embrace the future of tax automation with Thomson Reuters and SurePrep.

Technology 52

Technology Tax tax preparation tax return 52

CPA Practice

JULY 27, 2023

Here are some of them: Tax Preparation and Filing : This is often the most time-consuming task in an accounting firm, especially during the tax season. It involves collecting and organizing client data, analyzing it to ensure compliance with tax laws, preparing tax returns, and filing them on behalf of clients.

Technology 98

Technology audit Education accounting and finance 98

ThomsonReuters

FEBRUARY 8, 2022

A rise in tax regulations, globalization, an influx of innovative technologies, and a greater demand for “always on” access makes it an exciting time for tax and accounting professionals to be in business. One significant trend sweeping the tax profession is the rise of value-added services.

Tax 105

Tax Entertainment payroll bookkeeping 105

xendoo

NOVEMBER 23, 2020

These include: • Classes, seminars, webinars and workshops. This deduction covers any consultants you hire in connection with running your business, including attorneys, accountants, tax preparers and advertising agencies. For more information about tax planning and filing for small businesses, please consult your Xendoo team.

Tax 52

Tax Real Estate Education Legal 52

LyfeAccounting

OCTOBER 21, 2020

Not your actual home even if you have a home office because that’s covered on a personal tax return. Lastly, I have some bonus deductions for small business owners on their personal tax returns. If you rent a location or equipment, you can deduct those payments as a business expense. Business meals. So… classes.

business tax 52

business tax Tax tax return Education 52

CPA Practice

AUGUST 28, 2024

. • Proactive Preparation: Unlike traditional methods, Batch Extensions allows CPAs to prepare & submit extensions during slower months like January. This frees up their time during peak season to focus on tax return preparation and client service.

Technology 122

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