Businesses are running leaner than ever before. With smaller staff, they search for trusted financial partners who can provide solutions for their unique needs. Many accounting firms today are expanding into business valuation practices. Some companies are seeing significant growth in their operations. Others are finding it hard to attract new
Even before COVID-19, clients were interested in gaining more from their accountants than just tax support, and during the pandemic, they came to realize what valuable partners their accountants could be. From helping to acquire PPP loans, navigating new compliance laws and renegotiating leases to managing cash flow, accounting firms
With the 2022 tax season behind us, now is the perfect time to start proactively planning for next year. Starting now allows firms maximum time to ensure their management practices are up to date and efficient. Firm managers must learn from their previous mistakes and implement adequate solutions. For accountants,
If you’re just joining us, parts one and two in this series explained why the filing deadline for 1040s for calendar year 2021 was April 18 for most filers. Those who submitted Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, by that date will
When we first conceived of AccountingWEB Live Summit, we knew we had to put the topics of the sessions front and center. Moreover, we knew the Agenda and subsequent topics needed to not only reflect our everyday commitment to providing practical and useful content to accounting professionals, but we also
“Be a thermostat, not a thermometer.” It’s brilliant advice from Emmanuel Acho, former NFL linebacker, celebrated broadcaster, New York Times best-selling author and current change-champion of diversity, equity, belonging and inclusion (DEBI). The accounting profession needs more thermostats: Leaders who can assess and adjust the temperature of a room and
AccountingWEB prides itself on our personal relationships with vendors and accounting and finance professionals alike. That’s why, when we were deciding whether to hold a live event, we not only surveyed our readers, but we also asked our industry friends their opinions. We we have fantastic support from many heavy
With more Americans working wherever they are, you can expect more U.S. expats to struggle to manage their taxes despite all the benefits of working abroad. While these jobs allowed them to work outside the country, it also presented a host of challenges to fulfilling their tax obligations. Americans living
FloQast, a provider of accounting workflow automation software created by accountants for accountants, introduced a new Reconciling Items feature and debuted an enhanced version of its Reconciliation Management Solution. Reconciling Items combines with FloQast’s Tracking, AutoRec Matching, and Amortization to manage the account reconciliation process, from strategy and execution to
Whether you recently struck out on your own or you’ve been running a successful accounting firm for years, it’s in your best interest to branch out from solely offering tax services. Those who have been attending conferences over the past few years have likely heard experts discussing the importance of
