ThomsonReuters

JUNE 28, 2023

In a rapidly changing and increasingly competitive business environment, it is essential for audit firms to stay ahead of the curve and remain competitive. This could include developing innovative products or services that address specific customer needs or partnering with other businesses to expand their offerings.

Data Analysis 98

Data Analysis Technology Start-ups Compliance 98

Startup Valuation Blog

JUNE 3, 2023

They are often entrepreneurs or industry experts who have had personal success in their fields. These include the market size and potential, the uniqueness of the product or service, the strength of the founding team, competitive landscape, revenue projections, intellectual property, and growth potential.

Business Valuation 100

Business Valuation Discounted Cash Flow Comparable Company Analysis Start-ups 100

ThomsonReuters

MAY 17, 2022

Separate Personal Amounts from Gig Income Receipts. Separating nontaxable personal amounts received (money from personal loans or money received as a gift) from gig work income is a helpful first step towards tracking a side gig business. Passenger automobiles are subject to heightened substantiation rules under Code Sec.

Start-ups 105

Start-ups Banking 105

ThomsonReuters

JULY 10, 2023

It is typically a percentage of the purchase price and is added to the final cost of the product or service. It should be noted that, oftentimes, items that are considered “essentials,” such as groceries or utilities, have a lower or no tax rate as a way to provide low-income tax relief. What is sales tax? What is VAT tax?

Compliance 98

Compliance 98

M&A Leadership Council

FEBRUARY 13, 2024

Noted in a recent blog article and based on extensive M&A Leadership Council research with approximately 150 skilled acquirers, this one integration best practice is proven to be the #1 correlated best practice with MANY essential business result outcomes. See below example) So, when should you launch integration planning?

Mergers & Acquisitions 59

Mergers & Acquisitions Technology Marketability 59

Sun M&A

MARCH 14, 2024

Some business sales may come because of industry shifts, while others may relate to a personal reason, such as family issues or a health crisis. Employees may feel unmotivated or unsure about their future, resulting in decreased productivity and loyalty. However, business owners risk getting a lower valuation or lack of interest.

Start-ups 52

Start-ups Compliance Banking Marketability 52

ThomsonReuters

JANUARY 3, 2023

What’s more, having additional time to unplug and pursue personal interests outside of work can actually improve audit quality , according to 2021 research by the American Accounting Association. It is also essential to include staff in the process, seek their feedback, and communicate the reason behind the change. How to get started.

Technology 59

Technology Accounting Firms 59

ThomsonReuters

MAY 6, 2022

On obtaining the CPP for professional growth, Mr. Paillie says that, “The CPP designation is more than beneficial for professional growth, it’s essential.” The post The Certified Payroll Professional Corner appeared first on Tax & Accounting Blog Posts by Thomson Reuters. CPP for professional growth.

Start-ups 95

Start-ups Compliance 95

ThomsonReuters

MAY 1, 2023

To ensure your firm can meet the needs of these clients, it is essential for your staff to be equipped with a basic understanding of digital currency. Block reward : The number of cryptocurrency coins a person gets if they successfully mine a block of the currency. Blockchain is the core technology for cryptocurrencies.

Start-ups 59

Start-ups Technology Equity Marketability 59

ThomsonReuters

NOVEMBER 8, 2022

Take look at how tasks are handed off—whether it’s from person to person, person to system, or from system to system. APIs are essentially software code that allow two unrelated systems to access and use each other’s features or data. . Take inventory of systems. Integration.

Start-ups 105

Start-ups Technology Accounting Firms Compliance 105

Sun Acquisitions

AUGUST 9, 2023

It’s essential to make sure that you have clean financial statements that can support your arguments. Be sure to mention recent or planned expansions, new services, or products you are working on, or strategic partnerships you are forming. Highlighting the growth potential can be a strong selling point.

Marketability 52

Marketability 52

ThomsonReuters

AUGUST 15, 2023

To help firms get started, this blog will provide three tips that will enhance their advisory services: value-based pricing, client-centric services, and utilizing Thomson Reuters Practice Forward ®. Not only can advisory services help drive growth and profitability for the firm, but they can also provide more value to clients.

Accounting Firms 52

Accounting Firms Start-ups 52

ThomsonReuters

MARCH 1, 2024

To the IRS, S corporations (S corps) are considered “ pass-through entities ”, which means any deductions, losses, income, credits, and profits pass through directly to shareholders, who report their share of the business’s performance on their own personal tax returns. The post How are S corporations taxed?

Start-ups 52

Start-ups Dividends Marketability 52

Shuster & Co.

AUGUST 15, 2021

Not only do you have to have a sound business plan and a product that the market wants, but your business must also be able to weather all of the unforeseen circumstances that might arise. Develop more effective and efficient ways to deliver the product or service, market your brand, and obtain materials.

Start-ups 52

Start-ups Accounting Firms Business Valuation Marketability 52

ThomsonReuters

SEPTEMBER 19, 2023

When it comes to the tax and accounting space, AI can essentially do the work of a human professional in preparing an individual’s tax returns or auditing a business of virtually any size. AI-driven analytics provide clients with personalized tax strategies tailored to their unique financial situations and long-term financial goals.

Technology 52

Technology Start-ups Compliance Data Analysis 52

ThomsonReuters

MAY 5, 2022

Efficiency – more streamlined processes, productive, move through work faster, invest in the right technology. And many reported costly consequences such as lower productivity and higher employee turnover. Therefore, it is essential that firms reevaluate their current onboarding processes. webcast scheduled for May 11.

Accounting Firms 96

Accounting Firms Technology Finance Marketability 96

ThomsonReuters

SEPTEMBER 7, 2023

There are essentially two areas that require an overhaul to meet changing client demands: Adopting a proactive approach to client services. Smaller teams can do much more for their clients by providing personalized and strategic advice to build deeper relationships, and larger teams have a centralized data hub.

Accounting Firms 59

Accounting Firms Compliance Technology Marketability 59

ThomsonReuters

FEBRUARY 8, 2022

But essentially, quality content is any component within your message that provides recognizable value to the recipient. Quality content could be a short paragraph that offers a tip or suggestion for using a product or handling a problem (helpfulness). Sometimes, it’s a million dollar viral video.

Accounting Firms 105

Accounting Firms Technology Marketability Start-ups 105

ThomsonReuters

AUGUST 5, 2022

is a multinational conglomerate that sells products and services in 70 countries, generates $5 billion in annual revenue, and has 28,000 employees. During the implementation phase, licensing for ONESOURCE Indirect Tax costs nothing, because licensing costs only kick in once the product is up and running. Licensing costs.

Technology 52

Technology Compliance Finance 52

Farrel Fritz

JULY 10, 2023

It can also foster deep and abiding personal relationships of trust, mutual respect, tolerance, and friendship that contribute to business success. This leaves plaintiff, who is essentially Dev Pragad, recourse through a derivative suit only. First, over a decade ago I blogged here , here , and here about Hellman v Hellman.

Finance 52

Finance 52

GCF Value

JANUARY 7, 2021

While every business valuation company applies its own formulas and algorithms to expedite the capture and analysis of financial data, these formulas are just one of several essential tools in the appraiser’s tool kit. And while the right, current technology is essential, it should never serve as a stand-in for human intelligence.

Business Valuation 52

Business Valuation Appraisal Comps Dividends 52

ThomsonReuters

JULY 30, 2021

Whether you’re on vacation or in COVID-19 lockdown, paperless accounting means you can work anywhere, at any time, with your clients and teammates and see no drop in productivity. . Paperless accounting benefits your clients appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Automatic backups. Data security.

Start-ups 52

Start-ups Technology Accounting Firms 52

ThomsonReuters

JULY 6, 2023

in-person, calls, email, etc.)? Establishing a clear, well-understood scope agreement brings clarity and builds trust. It’s becoming increasingly necessary to develop personalized tax strategies and mitigate tax consequences. It is also important to clearly explain how the client relationship will work.

Start-ups 88

Start-ups Compliance Accounting Firms Technology 88

ThomsonReuters

JUNE 22, 2021

.” There must also be a “bona fide economic reason,” which is defined to mean “the full or partial closing of operations or technological or organizational changes to the business in response to the reduction in volume of production, sales, or profit.” Online registration is also available at [link]. .

Treasury 72

Treasury Start-ups Technology 72

ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . Senior Director of Product Management, Lisa Weckman, regarding its findings. . Thomson Reuters Checkpoint ?talked

Compliance 52

Compliance Technology Start-ups Equity 52

Audit Board

MARCH 31, 2022

Trent Russell: That’s the big problem that we’re trying to solve: how do we identify the person on the internal audit team that would be a good fit for analytics? Marketing Internal Audit Is Essential to Make a Difference .

Marketability 52

Marketability 52

Reynolds Holding

APRIL 4, 2023

In 2023, the SEC filed a civil suit against persons involved in the collapse of the Luna cryptocurrency. Zapata Off-Shore Company, that: We are not here dealing with an agreement between two Americans to resolve their essentially local disputes in a remote alien forum. It first appeared in the Transnational Litigation Blog, here.

59

59

Reynolds Holding

JANUARY 31, 2023

State Laws Though not essential for responding to corporate deepfakes, our discussion of deepfake takedowns would not be complete without a primer on the various state laws that have been passed to address deepfakes. Individual Remedies The individual targeted by a corporate deepfake can take legal action in their personal capacity, too.

Start-ups 81

Start-ups Marketability Technology 81

Audit Board

FEBRUARY 13, 2023

This person or team is there to ensure the transformation has the right resources, communication plans, and training to ensure success. Designate Your Agile Team Members Someone must lead the transformation effort, even if they are not an agile expert. Be Agile With Your Agile Transformation!

Start-ups 52

Start-ups Technology Banking Compliance 52

ThomsonReuters

MAY 12, 2022

Assign one person from your company to manage the relationship with the auditor. Plus, every time your company launches a new product or introduces a newly taxable item or service, it increases your odds of being audited. appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Treat the auditor with respect.

Compliance 105

Compliance Technology 105

ThomsonReuters

AUGUST 5, 2021

Changing tax software can be a daunting process – but is essential for any firm looking to grow and increase the efficiency and breadth of services they can provide their clients. If only one person is able to access the file at once, and a manual save is required after each use, productivity is limited. User limitations .

Start-ups 52

Start-ups Technology 52

ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . Senior Director of Product Management, Lisa Weckman, regarding its findings. . Thomson Reuters Checkpoint ?talked

Compliance 40

Compliance Technology Start-ups Equity 40

FE International

MARCH 23, 2022

The owner is likely to pay themselves a salary for the work – which may not be correlated with the market rate and pay several personal items through the business for tax efficiency. This would imply that the product requires further development at their expense. 2) Product Lifecycle. How Much Churn?

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

FE International

APRIL 13, 2022

Other founders and business owners have opted to grow their business more and deal with an increasing demand for remote/hybrid work, higher salary expectations and more optionality for consumers of SaaS products. This allows for hyper-personalization of applications and client services. billion in 2021, representing a 22.6%

Private Equity Firm 52

Private Equity Firm Equity B2C Start-ups 52

ThomsonReuters

JANUARY 16, 2024

Engaged taxpayers are essential to a well-managed busy season. Real-time communication through digital platforms also fosters a more accessible, personalized client experience. You may even reduce or eliminate phone calls and in-person meetings. Remember, knowing your clients is key. What do they want?

Banking 52

Banking Technology Finance Marketability 52

ThomsonReuters

JANUARY 10, 2024

In this blog, we’ll explore how artificial intelligence and automation, when thoughtfully implemented, can not only revolutionize but redefine your client service strategy. This not only improves the overall client experience but also allows tax professionals to provide more personalized and tailored services.

Compliance 52

Compliance Accounting Firms Technology Data Analysis 52

ThomsonReuters

SEPTEMBER 7, 2023

To effectively answer these questions, an understanding of the child and dependent tax credit and how to apply it is essential. Earned income includes income attributable to wages, salaries, or other amounts received as compensation for personal services. How do I go about claiming children on taxes?

Start-ups 52

Start-ups Dividends Compliance Technology 52