ThomsonReuters

JULY 6, 2023

Sometimes, the best business insights come directly from those you serve. Even when clients come to you with a simple request, like “file my tax return” or “handle my payroll”, they often are looking for much more. What’s the best way to work together (i.e., Watch now >> What is an advisory scope agreement?

Start-ups 88

Start-ups Compliance Accounting Firms Technology 88

ThomsonReuters

MAY 6, 2022

In this episode of Pulse of Practice , “Do I have to choose between tools and staffing?”, I’m joined once again by Paul Miller, CPA from Business by Design , to talk about how best to use tools in a way that optimizes staff productivity. Check out Practice Forward. How would you spend that time?”

Technology 95

Technology Start-ups 95

ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. By definition, accounts payable (AP) refers to all the expenses of a business, except payroll. Is accounts payable a revenue?

Finance 52

Finance Technology 52

ThomsonReuters

FEBRUARY 8, 2022

When you seek to win new tax clients, it’s best to start at the beginning. How do you begin to know the best way to win new tax clients and retain your existing client base? Once you know how your prospects want to communicate with you, ask them questions to let them know that you have their best interests in mind.

Accounting Firms 105

Accounting Firms Technology Marketability Start-ups 105

ThomsonReuters

APRIL 18, 2023

Today, many private entities are in the midst of implementation and are, ideally, looking to public companies for best practices and lessons learned. Payroll errors For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Batch-style data entry.

Technology 52

Technology Compliance Start-ups Finance 52

ThomsonReuters

JANUARY 4, 2024

Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead.

Accounting Firms 78

Accounting Firms Technology Compliance Marketability 78

Equilest

SEPTEMBER 16, 2022

It’s important to remember that the best way to increase your accounting firm’s income is by helping more clients. The best way to bring in new clients is by marketing your services effectively. 5: Offer Payroll Services To Your Clients. 5: Offer Payroll Services To Your Clients. But it doesn’t have to be a zero-sum game.

Accounting Firms 40

Accounting Firms Business Valuation Start-ups Marketability 40

Equilest

SEPTEMBER 16, 2022

It’s important to remember that the best way to increase your accounting firm’s income is by helping more clients. The best way to bring in new clients is by marketing your services effectively. 5: Offer Payroll Services To Your Clients. 5: Offer Payroll Services To Your Clients. But it doesn’t have to be a zero-sum game.

Accounting Firms 40

Accounting Firms Business Valuation Start-ups Marketability 40

ThomsonReuters

SEPTEMBER 2, 2021

The investigator may arrange to visit the plan sponsor’s offices and may request that additional documents be made available for review during the visit, such as payroll and claims processing records. You may also be interested in our upcoming webinar, “ DOL Investigations: Tips and Best Practices ” (live on 9/16/2021).

Compliance 98

Compliance 98

ThomsonReuters

AUGUST 3, 2021

From payroll to bookkeeping to tax questions, I realized that there was so much need for the knowledge and experience I had gained,” says Angie. Practice doing the things you’re unsure about and embrace new opportunities as a chance for learning. When you get out of your comfort zone, that’s when you really grow. Make connections.

Start-ups 52

Start-ups Accounting Firms Compliance Technology 52

ThomsonReuters

APRIL 15, 2021

This can include payroll, accounts receivable and payable, and bookkeeping. Businesses that need expertise in improving technology and process best practices : Some companies need help making processes more efficient and impactful without sacrificing security or dependability.

Accounting Firms 96

Accounting Firms Compliance Technology Finance 96

Lighter Capital

AUGUST 30, 2023

After looking further into their financials, we found that Company B should have allocated 70% of their total payroll expenses to cost of goods sold because 70% of their developers’ time is spent helping customers build their apps. Follow the best practices for calculating your SaaS startup's cost of goods sold below.

B2B 52

B2B Accounting Firms Technology Marketability 52

Redpath

SEPTEMBER 26, 2023

For most businesses, regardless of industry, payroll tends to be the single largest monthly expenditure. If your payroll is inaccurate, there will be consequences. You risk upsetting employees if paychecks are off or late. You also risk noncompliance with reporting requirements, potentially leading to fines.

99

99

ThomsonReuters

APRIL 6, 2021

This can include payroll, accounts receivable and payable, and bookkeeping. Businesses needing expertise in improving technology and process best practices. They’re not outsourcing day-to-day operations but need consulting expertise in building the best systems.

Start-ups 64

Start-ups Compliance Technology Finance 64

ThomsonReuters

JUNE 16, 2023

This article explores the signs of outdated technology and provides suggestions on how firms can choose the accounting technology that is the best fit for their firm and make a successful transition. According to the most recent CPA.com and AICPA PCPS CAS Benchmark Survey, 24 percent of top performing CAS practices are leveraging AI.

Technology 98

Technology Start-ups Accounting Firms Compliance 98

ThomsonReuters

FEBRUARY 2, 2022

Whether selling to individuals or small businesses, you should follow these four marketing best practices that apply to both. And if you offer payroll services , you can make a case for outsourcing the work to your firm. Here are a few ways you can market your firm’s services to individuals and small businesses.

Accounting Firms 98

Accounting Firms Marketability B2C Start-ups 98

ThomsonReuters

NOVEMBER 21, 2023

These recorded resources replicate your firm’s best practices and ensure that your clients can get their questions answered while saving you time. Lots of clients are amending their payroll tax returns because of cash flow issues and hoping to improve those issues through a tax credit. Employee retention credits.

Start-ups 52

Start-ups Accounting Firms 52

ThomsonReuters

NOVEMBER 8, 2022

By connecting all platforms across your tech stack, you can enable different systems to talk to each other to deliver a customized workflow that works best for your firm. . To streamline accounting processes, look for practice management software that encompasses these features—all in one place. . Digital dashboards. Scalability.

Start-ups 105

Start-ups Technology Accounting Firms Compliance 105

ThomsonReuters

DECEMBER 20, 2021

Look for cloud-based software that combines write-up, trial balance, payroll, and financial statement analysis to help streamline your operations. . blog series, where she explores best practices, helpful tips, and personal stories tailored specifically to the small firm. . Follow her Small Talk with Heather Walker ?

Accounting Firms 52

Accounting Firms Start-ups Technology 52

Appraiser Newsroom

NOVEMBER 29, 2022

Editor’s Note: For appraisers who run their own practice the year-end time frame is the perfect time to perform a self-assessment of your operations. To close the books, check your: Invoices Business expenses Bills Contractor payments Bank account statements Payroll taxes Employee documents. 7 Important Steps to Consider.

Appraisal 52

Appraisal Compliance Banking Business Valuation 52

Audit Board

MAY 19, 2022

This article outlines how internal auditors can identify crimes happening within their organization and shares best practices for collecting information to lay a foundation for a district attorney to conduct a successful criminal prosecution. Why White-Collar Crimes Go Unreported. Doing criminal background checks is fundamental.

Banking 52

Banking 52

IT Valuations

MARCH 23, 2022

It can be frustrating thinking that you’re doing all the right things (streamlining your processes, reducing operational costs, providing best-in-class services), but then continuing to come up short. Avoid overspending on employee payroll by staying up to date on competitive and fair market wages. Know your business.

Start-ups 52

Start-ups Banking Marketability 52

IBG Business

FEBRUARY 25, 2022

The best time to put your company on the market is when the business is good, the business is running profitably, and many of the following value-added qualities are in place. So are innovative business practices, systems, procedures, and leveraged capacity. Build a solid management team. Take advantage of proprietary and other assets.

Private Equity Firm 40

Private Equity Firm Start-ups Marketability EBITDA 40

ThomsonReuters

APRIL 25, 2024

Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years. Let’s take a look at how Medicare taxes work and the best way to explain them to your clients: Medicare payroll tax during employment.

Dividends 52

Dividends Start-ups Compliance 52

Lighter Capital

FEBRUARY 18, 2023

After looking further into their financials, we found that Company B should have allocated 70% of their total payroll expenses to Cost of Goods Sold because 70% of their developers’ time is spent helping customers build their apps. This requires Company B to hire contractors or full-time developers to perform services.

B2B 52

B2B Start-ups Accounting Firms Technology 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. Hear from your peers who made the advisory journey with Practice Forward Capturing advisory opportunities Think about your interactions with clients. Why make the shift to advisory?

Accounting Firms 93

Accounting Firms Compliance Technology Marketability 93

Reynolds Holding

MAY 23, 2023

Maybe we shouldn’t do anything to change the deposit insurance system, beyond the FDIC’s eminently reasonable suggestion of greater protection for business-operating and payroll accounts. Maybe, just maybe , the best way to reduce risk in the banking system and restore the balance in the Depression-era bargain is through people.

Banking 52

Banking Equity Start-ups Finance 52

M&A Leadership Council

FEBRUARY 15, 2024

That’s exactly what the best divestors do post-closing – they keep going by relentlessly driving value in these essential ways: 1.) Typical estimates include only the pre-close and post-close fees and direct spend (not overhead allocation or budgeted payroll!) Executing well across the entire divestiture lifecycle can be hell.

Enterprise Value 52

Enterprise Value Mergers & Acquisitions Technology 52

M&A Leadership Council

APRIL 6, 2023

That’s exactly what the best divestors do post-closing – they keep going by relentlessly driving value in these essential ways: 1.) Typical estimates include only the pre-close and post-close fees and direct spend (not overhead allocation or budgeted payroll!) Executing well across the entire divestiture lifecycle can be hell.

Enterprise Value 52

Enterprise Value Mergers & Acquisitions Technology 52

ThomsonReuters

APRIL 11, 2024

Cloud-based accounting software and automation tools offer numerous benefits such as online invoicing, bank reconciliation, expense tracking, and payroll management. How cloud-based accounting software and automation tools enhance efficiency Perhaps now more than ever, managing tasks and workflows efficiently is crucial for accounting firms.

Accounting Firms 52

Accounting Firms Data Analysis Technology Compliance 52

ThomsonReuters

FEBRUARY 28, 2023

A single, integrated practice management solution that integrates tax compliance, accounting, payroll, audit, CRM, email, document management, and tax research can help you de-stress accounting by better managing your day-to-day work. to take accountability for updates, training, and document best practices for your firm.

Technology 59

Technology Compliance Accounting Firms 59

ThomsonReuters

FEBRUARY 21, 2023

This helps you to focus on obtaining the best clients for your practice. Additional ways to highlight your firm’s value could include: • Payroll and bookkeeping services: Highlight the time savings you provide. • This will also mean less stress for you and your staff. Are you overlapping too much with competing firms?

Marketability 104

Marketability Accounting Firms 104

M&A Leadership Council

AUGUST 30, 2021

That’s exactly what the best divestors do post-closing – they keep going by relentlessly driving value in these essential ways. Typical estimates include only the pre-close and post-close fees and direct spend (not overhead allocation or budgeted payroll!) Executing well across the entire divestiture lifecycle can be hell.

Start-ups 52

Start-ups Enterprise Value Mergers & Acquisitions Technology 52

Lighter Capital

JANUARY 10, 2023

Resolution of the penalty often depends on the lender and the borrower's relationship with the lender: In the best case scenario, the lender and borrower sit down together as partners to try to understand the problem and figure out how to solve it. Debt covenant violations Various penalties may result when a borrower violates a debt covenant.

Debt Financing 52

Debt Financing Finance Banking Equity 52

Audit Board

JUNE 8, 2023

Organizations required to adhere to EPA standards and regulations; or organizations seeking to demonstrate sustainable and environmentally-friendly practices. HR: Human Resources Human Resources audits can involve employee information, payroll, and employment laws and regulations. Who may need it?

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

ThomsonReuters

JULY 7, 2022

Generally, it’s best to itemize deductions if personal expenses, such as mortgage interest, charitable contributions, medical expenses, and taxes, exceed the standard deduction. However, “bunching” deductions may offer the best of both worlds. Losses realized will offset any gains your clients may have realized.

Start-ups 98

Start-ups Dividends Fair Market Value Equity 98

ThomsonReuters

FEBRUARY 7, 2024

” New rule is similar but best practices should be ongoing Following the DOL’s announcement of its new worker classification rule, Labor Department officials stressed plans to provide “extensive guidance” so that employers can ensure they remain in compliance with the FLSA following the March 11, 2024 effective date.

Compliance 52

Compliance 52