ThomsonReuters

MAY 3, 2023

A tax services director in Washington D.C. says that the Treasury Department’s proposal to clarify the tax treatment of on-demand pay arrangements makes it “clear” that the IRS is concerned with the constructive receipt issue of this trending employee benefit. ” Daum said.

Treasury 59

Treasury Technology 59

Equilest

FEBRUARY 3, 2023

Want to learn more about the benefits of incorporating business valuation into your tax advisory services? Read on to discover how you can take your business to the next level and unlock its full potential. "Offering business valuation services is the key to success for tax advisors, according to Tamir Levy, Ph.D.,

Business Valuation 40

Business Valuation Start-ups 40

Benzinga

DECEMBER 15, 2022

As such, the Company is acquiring and/or partnering with other technology and professional services firms. The first acquisition into our Financial Services portfolio is Rapid Tax USA TS , which is scheduled to take place on December 30, 2022.

Technology 52

Technology Marketability 52

ThomsonReuters

APRIL 25, 2024

Jump to: Unravel tax law complexity with AI-powered tax research Alleviate workload pressures with AI-powered workflows Prioritize well-being and renewal Strengthen client relationships by shifting to an advisory model Has a stressful tax season left you reeling? But amidst the struggle, there is good news.

Technology 52

Technology Compliance 52

ThomsonReuters

APRIL 17, 2024

The emergence of g enerative artificial intelligence ( GenAI ) has sparked both excitement and apprehension in the tax industry, with professionals divided on its potential impact. Access full report The new report The Thomson Reuters Institute has released its latest report on GenAI, titled 2024 GenAI in Professional Services.

Technology 98

Technology Data Analysis Compliance 98

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

Accounting Firms 98

Accounting Firms Finance Start-ups Mergers & Acquisitions 98

ThomsonReuters

APRIL 25, 2024

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. 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.

Dividends 52

Dividends Start-ups Compliance 52

ThomsonReuters

NOVEMBER 15, 2023

Boat donation tax deduction What is the cost basis for non-cash charitable contributions? Tax deduction for donation of clothing What are the rules for non-cash donations? Can donated services be tax deductible? taxpayers are accurately valuing their noncash contributions and claiming the appropriate tax deductions.

Fair Market Value 98

Fair Market Value Appraisal Compliance Marketability 98

Harvard Corporate Governance

AUGUST 10, 2023

In some industries and/or jurisdictions, investors may favor companies that are narrowly focused on a core profit generating service or product over those that offer a wide range of services or products. Likewise, some jurisdictions may have more regulatory approval requirements than others in implementing a restructuring.

Marketability 188

Marketability Compliance 188

ThomsonReuters

SEPTEMBER 25, 2023

Jump to: AI for firms: operational improvements and new services AI for in-house departments: protect the business and enable growth Client communication benefits through AI AI for firms: operational improvements and new services One of the main benefits of AI is the potential to improve productivity and efficiency.

Compliance 104

Compliance 104

Viking Mergers

FEBRUARY 27, 2023

tax code can be dense and confusing, especially for businesses. Although we cannot advise on your taxes, Viking Mergers & Acquisitions can connect you with a qualified tax professional. Although we cannot advise on your taxes, Viking Mergers & Acquisitions can connect you with a qualified tax professional.

Start-ups 130

Start-ups Banking Marketability Technology 130

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. 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.

Accounting Firms 102

Accounting Firms Start-ups Finance Marketability 102

ThomsonReuters

JULY 10, 2023

Jump to: What is sales tax? Sales tax varies by state What is nexus? What is excise tax? What is VAT tax? Sales tax vs. use tax Summary Sales tax, which is a consumption tax levied on the sale of goods and services, is an important source of revenue for governments at the state and local levels.

Compliance 98

Compliance 98

ThomsonReuters

JULY 10, 2023

Jump to: What is sales tax? What is use tax? Sales tax vs. use tax Summary Calculating, collecting, and reporting sales tax and use tax can get complicated as a business grows, and it can be easy to confuse these two types of indirect taxes. What is sales tax?

Compliance 97

Compliance 97

ThomsonReuters

FEBRUARY 29, 2024

Upon completion of the joint-degree BBA and MS program, Lanphier was recruited by Deloitte to work in their international tax group. 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

JANUARY 8, 2024

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. Traditionally, tax professionals spend a considerable amount of time on repetitive and time-consuming activities such as data entry, invoice processing, and reconciliations.

Data Analysis 101

Data Analysis Compliance Technology Banking 101

ThomsonReuters

FEBRUARY 28, 2024

Her firm is also staffed by four full-time employees and a few part-time positions that are outsourced. “I view the tax firm as my own Google experiment,” Shaul says. “I Clients were now offered bundled service packages which included quarterly or monthly financial statements and applicable payroll services.

Start-ups 98

Start-ups Accounting Firms Compliance 98

ThomsonReuters

MARCH 8, 2024

How can you build your service offerings to better serve your clients and grow your CPA firm through accountability? Take an approach that considers who your clients currently are and the nature of the services you currently provide. How do firms think ahead to provide better services for their clients?

Technology 96

Technology Accounting Firms Compliance 96

Viking Mergers

FEBRUARY 20, 2023

There is still time to take advantage of these tax credits on your 2022 filing. It is tax season, and as small business owners, we know what that means – how can we save some cash without raising red flags with the IRS? trillion in taxes; in 2021, $419 million came from businesses. Every year, the IRS collects over $4.9

Technology 130

Technology Treasury 130

ThomsonReuters

FEBRUARY 26, 2024

Upon graduation, Heath worked for one of Nebraska’s largest sole CPA tax practitioners, who not only taught her the accounting business but became a true mentor to her. It was working there that she realized there was a great need and lots of opportunity for tax services professionals in her existing community.

Start-ups 98

Start-ups Accounting Firms Marketability Technology 98

ThomsonReuters

JULY 10, 2023

Jump to: What is use tax? Sales tax vs. use tax Summary Sales tax and use tax are important sources of revenue for the government but properly calculating, collecting, and reporting these taxes can quickly get complicated. What is use tax? How does use tax work? What is nexus?

Compliance 98

Compliance Marketability 98

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is indirect tax? Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. Taxes are either direct tax or indirect tax.

Compliance 52

Compliance Accounting Firms Marketability 52

ThomsonReuters

JANUARY 4, 2024

But where do you begin building your tax planning strategy? Tax planning strategy #1: Utilize short-term staffing solutions As tax season begins, firms in need of a short-term boost in headcount should consider outsourcing services to increase workload capacity. Partial outsourcing is also an option.

Accounting Firms 78

Accounting Firms Technology Compliance Marketability 78

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. But what accounting advisory services should your firm offer?

Accounting Firms 98

Accounting Firms Compliance Start-ups Marketability 98

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. Boost tax workflow efficiency through automation Empower and engage staff Wow clients with enhanced services 1.

Accounting Firms 97

Accounting Firms Start-ups Compliance Technology 97

ThomsonReuters

NOVEMBER 15, 2023

Jump to: Which donations are tax deductible? Charitable contributions from IRAs How much of a donation is tax deductible? In addition to helping our communities, these donations can also lead to significant tax benefits. Which donations are tax deductible? Stock or securities donations.

Fair Market Value 94

Fair Market Value Banking Marketability Compliance 94

ThomsonReuters

NOVEMBER 9, 2023

There is no doubt that tax professionals are hard to find, let alone replace. In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Tax software powered by AI can automate manual activities, save time, and improve accuracy.

Accounting Firms 105

Accounting Firms Technology Compliance Marketability 105

ThomsonReuters

JUNE 29, 2023

Managing tax clients isn ’ t always easy. Providing good customer service is essential to growing your tax and accounting practice but, as many professionals have come to realize, dealing with difficult clients can be hard. Behaviors of challenging tax clients The customer is always right. Or are they?

Accounting Firms 97

Accounting Firms 97

Redpath

JANUARY 25, 2024

January 25, 2024 - Canada is in the process of implementing a new client portal that will allow companies to interact and share data with Canada Border Services Agency (CBSA).

105

105

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. How are you preparing and reviewing the tax return? How are you delivering the tax return?

Start-ups 112

Start-ups Technology Accounting Firms Compliance 112

LaPorte

SEPTEMBER 8, 2023

Arceneaux, CPA, as this year’s honoree of the Distinguished Public Service Award. Jodie is a tax… The post Jodie Arceneaux Receives LCPA’s Distinguished Public Service Award first appeared on LaPorte. The Society of Louisiana CPAs has named Jodie B.

98

98

ThomsonReuters

MAY 15, 2023

The use of artificial intelligence (AI) has already had a tremendous impact in many industries, and the tax and accounting sector is no exception. With help from Checkpoint Edge, you’ll be able to take full advantage of emerging AI technologies to provide more efficient services for your clients.

Start-ups 98

Start-ups Technology Data Analysis Marketability 98

ThomsonReuters

OCTOBER 4, 2023

The Thomson Reuters ChatGPT and Generative AI survey conducted between May 3-15, 2023, found that 73% of 771 tax professionals acknowledge the tech can be used for tax, accounting, and audit work, yet only about half think that it should be. Tax compliance : AI assists in automating complex tax compliance tasks.

Accounting Firms 111

Accounting Firms Technology Compliance Data Analysis 111

ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. Here are a few ways you can market your firm’s services to individuals and small businesses. How to market tax and accounting services. People search online for products and services, including accounting services.

Accounting Firms 98

Accounting Firms Marketability B2C Start-ups 98

ThomsonReuters

JULY 6, 2023

It’s called advisory services, and it builds on the client relationships you already have and the expertise you’ve worked so hard for. Here, we make the case by taking a look at the current landscape of the accounting profession and why transitioning to advisory services could be the career path you’ve been looking for.

Finance 98

Finance Accounting Firms Start-ups Technology 98

ThomsonReuters

DECEMBER 1, 2023

Therefore, helping business clients save money and reduce their tax burden by expensing property they’ve purchased for their company and claiming deductions for  depreciation  or  amortization  of assets is critical. Under the Tax Cuts and Jobs Act (TCJA), the 100% write-off of eligible property expired Dec. What is Form 4562?

Intangible Assets 97

Intangible Assets 97

ThomsonReuters

AUGUST 3, 2023

In the rapidly evolving landscape of the tax and accounting industry, specialization has emerged as a solid differentiator, providing firms with a distinct competitive edge. As clients’ needs become more diverse and complex, offering cookie-cutter services is no longer sufficient.

Accounting Firms 98

Accounting Firms Start-ups Marketability Technology 98