ThomsonReuters

MAY 6, 2022

Many accounting firms provide invaluable services that go far beyond tax prep and financial reporting. For small to mid-size accounting firms that want to explore other revenue streams, accounting consulting services can be a great place to start. Building a well-rounded tax and accounting practice.

Accounting Firms 93

Accounting Firms Compliance Start-ups Finance 93

ThomsonReuters

MARCH 12, 2021

We’ve seen the impact the COVID-19 pandemic took on succession planning for accounting firms. In this episode of Pulse of Practice “Setting Course for the Next Chapter”, Paul Miller, CPA from Business by Design , and I discuss the importance of accounting firm leaders to continue to build out their succession plan.

Accounting Firms 98

Accounting Firms Start-ups Marketability 98

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. How did your firm fare this year? That is a question firms should consider as they reflect on the tax season. When bringing in new clients, it is important to find clients who are the right fit for your firm.

Accounting Firms 96

Accounting Firms Start-ups Technology Marketability 96

ThomsonReuters

APRIL 23, 2021

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. Paul Miller’s path into tax and accounting started different than most because it didn’t start in the industry. “I

Accounting Firms 98

Accounting Firms Start-ups Compliance 98

ThomsonReuters

DECEMBER 4, 2024

Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. Post-filing review and client-follow up 6. This not only speeds up the process but also ensures compliance with IRS regulations.

Accounting Firms 52

Accounting Firms Compliance Start-ups Dividends 52

ThomsonReuters

DECEMBER 20, 2021

Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. From tax software geared toward small firms to curated news and insights for firm owners, the barriers to starting your own CPA firm have never been lower.

Accounting Firms 52

Accounting Firms Start-ups Technology 52

ThomsonReuters

APRIL 26, 2022

Tax and accounting firms of all sizes need dependable systems and procedures to deliver the best value to their clients. Finding the right accounting software for your firm will keep business records organized, improve operational efficiency, identify areas for improvement, and help you manage growth over time.

Accounting Firms 98

Accounting Firms Start-ups Technology Marketability 98

ThomsonReuters

SEPTEMBER 17, 2021

Though viewed with certain strengths such as agility, the small accounting firm has its own unique set of challenges due to size. At the forefront of those challenges is staffing, and how properly outsourcing affects your firm’s client relationships. Know your value, regardless of firm size. But there is more to it.

Accounting Firms 52

Accounting Firms Start-ups 52

ThomsonReuters

MAY 24, 2023

Faced with increased client expectations and strained bandwidth, today’s accounting firms are in critical need of greater automation and streamlined workflows. Then, they just need to provide their username and password and they can start authenticating into our system,” said Dustin Teribery , API Specialist at Thomson Reuters.

Accounting Firms 52

Accounting Firms Start-ups Technology 52

ThomsonReuters

MARCH 11, 2022

Internet companies like Google reportedly block up to 100 million spam messages per day, and still our inboxes fill up. 5 ways accountants can manage email more efficiently. Add a 30-minute follow-up in the evening if necessary. This means that about 20% of your email will affect up to 80% of your business.

Accounting Firms 95

Accounting Firms Start-ups Technology 95

ThomsonReuters

JUNE 18, 2024

Jump to: Understanding the challenges with search functionality Overcoming constraints by utilizing AI-powered tax and accounting solutions Optimizing your tax research strategies with AI In a world of information overload, many tax and accounting firms are facing challenges in finding trusted answers to complex and evolving tax topics.

Accounting Firms 52

Accounting Firms Start-ups Data Analysis 52

ThomsonReuters

JUNE 7, 2024

With AI-powered tax technology automating most traditional tax compliance work, forward-thinking accounting firms are increasingly shifting their business model and engaging clients in a new (and more profitable) way: advisory services. Are you ready to start your advisory journey?

Accounting Firms 96

Accounting Firms Start-ups Compliance Technology 96

ThomsonReuters

NOVEMBER 8, 2022

How has technology impacted accounting? From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. So how does automation work at an accounting firm?

Compliance 98

Compliance Technology Accounting Firms Start-ups 98

ThomsonReuters

JUNE 11, 2024

“To stay in front of it from both an employee and employer standpoint, so you don’t play catch up too much,” he said. Rules vary greatly, from as little as withholding tax for an hour of work to up to 30 days if under a certain threshold.

Accounting Firms 59

Accounting Firms Compliance Start-ups Technology 59

ThomsonReuters

DECEMBER 20, 2021

No matter the size, all businesses have their ups and downs. For small accounting firm owners, feeling as though your business is in a rut is a uniquely personal and challenging experience. Nina Tross knows what it’s like to build a successful firm on her own. Your growth has stalled.

Accounting Firms 52

Accounting Firms Start-ups Technology 52

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. To learn more, let’s take a look at three ways accounting firms can use AI as a competitive advantage. Sounds great, right?

Accounting Firms 97

Accounting Firms Start-ups Compliance Technology 97

ThomsonReuters

OCTOBER 29, 2020

However, the last quarter of 2020 presents a unique opportunity for accounting firms to engage in preliminary strategic conversations with clients and help them assess the impact of the pandemic and the economic downturn, identify challenges, and lay out goals ahead of 2021. What keeps them up at night? What are the hurdles?

Accounting Firms 40

Accounting Firms Start-ups 40

ThomsonReuters

MAY 6, 2022

For small and mid-sized tax and accounting firms, there are plenty of ways to do so. 8 ways small and mid-sized accounting firms can increase profitability. If you offer a variety of tax and accounting services, you’ll likely have clients who aren’t signed up for all of them. Create a referral plan.

Accounting Firms 87

Accounting Firms Start-ups Marketability Dividends 87

ThomsonReuters

JUNE 29, 2023

How’s your accounting firm? Like any company, your firm faces daily accounting problems that are part of normal operations : staffing, client acquisition, cash flow, and profit management. But as part of the accounting industry, your firm encounters unique challenges based on the services you provide.

Accounting Firms 98

Accounting Firms Technology Compliance Start-ups 98

ThomsonReuters

MAY 3, 2021

Accountants can bring endless value and experience to young entrepreneurs or those branching off to start their own business. Why should an accounting firm seek out these opportunities out, and how can they best work aside these individuals for mutual success? The competency is, learn how to apply accounting.

Accounting Firms 98

Accounting Firms Start-ups Finance 98

ThomsonReuters

NOVEMBER 8, 2022

This is particularly true for accountants who may have been slow to embrace advances in technology but have now come to realize the enormous benefits of technology created specifically for accountants and accounting firms. What is accounting technology? . Accounting?technology?is?the technology?is?the

Technology 94

Technology Accounting Firms Start-ups Marketability 94

ThomsonReuters

APRIL 15, 2022

Focusing on a specific niche rather than trying to accommodate the needs of every business could help your accounting firm better serve its clients. In this episode of Pulse of the Practice , Paul Miller, Owner of Business By Design , and I are joined by Rachel Clark, Client Director at All About Accounting.

Marketability 98

Marketability Accounting Firms Start-ups 98

ThomsonReuters

JUNE 24, 2024

“Nothing really happens quickly in unclaimed property and so we look at trends over time,” Bucholtz started. Keeping up with reporting Bucholtz also touched on key reporting responsibilities for unclaimed wages, by providing California as an example of a state with a unique reporting method.

Accounting Firms 52

Accounting Firms Compliance Start-ups 52

ThomsonReuters

JANUARY 28, 2022

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. Why revenue stability is important for small and mid-sized tax and accounting firms. Stay top-of-mind with tax and accounting clients all year. Business tax preparation.

Accounting Firms 102

Accounting Firms Start-ups Finance Marketability 102

ThomsonReuters

MARCH 22, 2022

Like all relationships, in order for “mutual valuing” to occur, we need to start with effective, transparent communication, especially when connecting with clients. Here are some top tips for improving communication with accounting clients , so you can create an effective sense of community and understanding.

Accounting Firms 98

Accounting Firms Start-ups Technology 98

ThomsonReuters

JUNE 28, 2023

If you’re a tax firm leader looking to differentiate yourself from the competition, providing your clients with insight into their ESG data is a great way to set your firm apart. Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management.

Accounting Firms 98

Accounting Firms Compliance Start-ups Technology 98

ThomsonReuters

JANUARY 14, 2022

The fight against burnout starts with managing stress. It’s a significant issue for tax professionals and accountants. People experiencing burnout may find it hard to get their days started and even harder to keep going. All those minutes add up. Avoiding burnout as a tax and accounting professional.

Start-ups 98

Start-ups Accounting Firms Marketability Technology 98

ThomsonReuters

JULY 6, 2023

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. Start your journey to accounting advisory services today.

Accounting Firms 98

Accounting Firms Compliance Start-ups Marketability 98

ThomsonReuters

JULY 18, 2024

Jump to: What are the top challenges accountants are facing? Keeping up with ever-changing tax regulations and rules. The top 13 accounting firm challenges, according to the 2024 State of Tax Professionals Report. The good news is that firms are not powerless. This is up from 23% in 2023.

Accounting Firms 92

Accounting Firms Start-ups Technology Compliance 92

ThomsonReuters

NOVEMBER 8, 2022

Today’s accountants must not only be up to date on the latest tax regulations, but also understand accounting technology and how it can be leveraged to boost efficiency, accuracy, and productivity. How is information technology used in accounting? How to find tech staff for your accounting firm.

Technology 98

Technology Accounting Firms Start-ups Compliance 98

ThomsonReuters

FEBRUARY 18, 2022

Welcome candidates from a variety of backgrounds, experiences, and skillsets as a diverse accounting team can lead to more creative solutions and comprehensive problem-solving. Download our free special report, A roadmap for accounting firms to expand inclusion of diverse accountants , for more on diversity and inclusion.

Accounting Firms 98

Accounting Firms Start-ups Equity 98

ThomsonReuters

JUNE 22, 2022

When Majaliwa started Pooters Diapers, she was the mother of two with a passion that turned profitable. She hired an accountant and eventually went back to work full-time and had two more kids. As a working mom of four with a successful business, she was initially content with the traditional accountant relationship. “I

Start-ups 98

Start-ups Accounting Firms Banking Marketability 98

ThomsonReuters

DECEMBER 16, 2024

For small and medium-sized accounting firms, the benefits are substantial: increased revenue, competitive differentiation, and the ability to meet evolving client needs. This frees up resources to focus on more rewarding engagements. Remember: Not all clients are an ideal fit for advisory services.

Compliance 52

Compliance Accounting Firms Start-ups Technology 52

ThomsonReuters

JUNE 29, 2023

Perhaps your firm is using automation to simplify document storage or automate some of your workflows. But where do you start? Technology providers that embrace other companies’ tech and create APIs that allow disparate systems to work together bring another level of value to accounting firms.

Accounting Firms 98

Accounting Firms Technology Start-ups Compliance 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. With sophisticated diagnostics, accountants no longer have to manually detect blank fields or numbers that don’t add up.

Technology 98

Technology Accounting Firms Start-ups 98

ThomsonReuters

JUNE 24, 2024

This profitable shift not only opens up new revenue streams but also allows your firm to build deeper, more meaningful relationships with clients. If you’re wondering where to start, here’s a step-by-step guide on how to start offering advisory services at your firm. Jump to: 1. Set time aside to make the shift 2.

Start-ups 75

Start-ups Compliance Accounting Firms Technology 75

ThomsonReuters

JUNE 15, 2021

Starting your own CPA firm may seem like a distant fantasy, but with barriers to entry lower than they’ve ever been, it could be closer than you think. Most small CPA firm owners have years of experience working for larger firms and find themselves wanting to utilize that experience to serve clients in their own way.

Start-ups 98

Start-ups Technology Accounting Firms 98