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

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

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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

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

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

FEBRUARY 27, 2024

Sandy Heit’s path to owning her own accounting firm was a bit unconventional — and ultimately involved her love for photography. She pursued accounting due to a combination of a love for math and heeding her mother’s advice to have a stable job. Owning a business provided many lessons which she would utilize in her life to come.

Accounting Firms 52

Accounting Firms Start-ups Compliance 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

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

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?

Technology 98

Technology Compliance Accounting Firms Start-ups 98

Benzinga

MAY 2, 2024

His experiences run the gamut from initial start-ups to Fortune 100 Companies. Mr. Hisey began his career at Ernst & Young, considered one of the Big Four accounting firms globally, as a. Full story available on Benzinga.com

Technology 59

Technology Corporate Finance Start-ups Accounting Firms 59

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 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

MARCH 20, 2023

For tax and accounting firms, therein lies an opportunity. Forward-looking firms are increasingly moving beyond compliance by telling a compelling ESG story that sets their firm apart from the competition. Let’s start with the basics. What is ESG?

Accounting Firms 59

Accounting Firms Compliance Start-ups Equity 59

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 11, 2023

Accounting firms turn to a three-tiered approach to uncover opportunities Accounting firms are severely impacted by the dynamic post-pandemic economy. Firms are faced with the external challenges of meeting new client demands, increasing compliance pressures, and tax law changes.

Technology 73

Technology Start-ups Accounting Firms Compliance 73

ThomsonReuters

JULY 6, 2023

The guidance you provide can help streamline accounting processes , improve profitability, and enhance overall decision-making. Advisory services make sense for accounting firms who already have the trust of their clients and are looking to provide a more robust and holistic set of services, while also growing their business.

Start-ups 88

Start-ups Compliance Accounting Firms Technology 88

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

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

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

Equilest

JANUARY 22, 2022

Why any Accountant and CPA Should Start Offering Business Valuation Services To Their Clients. Offering business valuation services can help their accounting firm grow and thrive. But getting started may feel overwhelming. Their accounting firm provides valuable services to their clients. Here is why.

Business Valuation 40

Business Valuation Accounting Firms Start-ups Marketability 40

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

JANUARY 4, 2024

One month in, your manager tells you the client wants the results within the next 10 business days, leaving you scrambling to wrap it up. It’s tax season and instead of a five-day workweek, your firm expects you to be in the office on Saturdays from 8 a.m. You can start with small breaks as part of your daily routine.

Start-ups 71

Start-ups Accounting Firms Compliance Technology 71

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

FEBRUARY 29, 2024

After a few years, she and her husband Dennis left to start their own business. Like most accounting firms, they were heavily transactions-focused with clients utilizing them mostly as bookkeepers and for doing their tax returns.

Start-ups 97

Start-ups Accounting Firms Technology Marketability 97

ThomsonReuters

NOVEMBER 28, 2023

As stewards of the profession, we must find new ways to attract more talented young people to the accounting world — and convince them to stay once we do. Baby Boomers are retiring in droves, younger accountants have less desire to become a partner, and a dwindling number of college students are entering the field. Detect inaccuracies.

Start-ups 112

Start-ups Technology Accounting Firms Compliance 112

ThomsonReuters

NOVEMBER 21, 2023

Jump to: Set engagements and expectations for next year Address economic pressures that are top of mind Advise on tax planning topics As the year comes to a close, most accounting firms are guiding clients through the complexities of year-end tax planning. This goes into effect on January 1, 2024. Employee retention credits.

Start-ups 52

Start-ups Accounting Firms 52

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

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

JULY 6, 2023

But where do you start? All it takes is a change in mindset and a shift from hourly billing to value pricing , and soon your firm will open up new revenue streams, engage more meaningfully with clients, and boost your bottom line. So if you’re an accountant looking to change careers, take a moment to consider advisory.

Finance 98

Finance Accounting Firms Start-ups Technology 98

ThomsonReuters

OCTOBER 27, 2023

But, many accounting firms offering pro bono services fail to take a strategic and organized approach, opening themselves up to a host of potential challenges. One reason firms fail to plan is that it’s difficult to decide how much to give away and to whom. This will set you up for success now and in the future.

Start-ups 59

Start-ups Accounting Firms 59

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

MAY 9, 2022

Technology has helped tax and accounting firms to streamline their processes and automate countless time-consuming manual tasks. Firms regularly bring on new tools to address a specific business need. This can be a serious challenge for the firm – especially when the older software contains data essential to its operations.

Accounting Firms 105

Accounting Firms Technology Start-ups 105

ThomsonReuters

FEBRUARY 26, 2024

There are many paths to accountancy, but this is one we don’t hear of often:  Erin Heath   grew up on a cattle ranch in South Dakota, where many of her “ranch-hand” duties sparked her interest in numbers. But it was an introduction to accounting class in high school that paved the way. “It

Start-ups 98

Start-ups Accounting Firms Marketability Technology 98

ThomsonReuters

AUGUST 15, 2023

Jump to: 1: Unlock the benefits of value-based pricing 2: Gaining an advisory service advantage with client-centric services 3: Getting ahead with Practice Forward As the accounting industry continues to evolve, it is important for accounting firms to understand the benefits that advisory services can offer.

Accounting Firms 52

Accounting Firms Start-ups 52

ThomsonReuters

APRIL 18, 2022

Tax season is a stressful time of year for anyone who works at an accounting firm. From the time tax season starts to when it ends, many professionals find they’re burning the candle at both ends, missing valuable time with their families, and giving their all to their clients.

Start-ups 104

Start-ups Accounting Firms Technology Finance 104

ThomsonReuters

FEBRUARY 28, 2024

Once, one of Shaul’s professors spoke about the importance of business development, saying that if you ever want to become a partner in a firm, you need to become a rainmaker and start bringing in your own work. No matter what the culture of the firm is, you will be successful, the professor said.

Start-ups 98

Start-ups Accounting Firms Compliance 98

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. How do you know when your accounting technology is outdated? Let’s take a closer look.

Technology 98

Technology Start-ups Accounting Firms Compliance 98