11 Tax Deductions for Small Business Owners If you own a small business, you’re likely looking for ways to make every dollar stretch further. Given inflation, labor shortages, supply chain issues and the lingering effects of the COVID-19 crisis, you probably have some financial worries and want to do everything you can to set your […]
Displaying: August 2023
5 ways to use ChatGPT prompts for tax professionals and EAs
ChatGPT, the generative AI tool created by OpenAI, has received a great deal of buzz since its launch last year. It uses a large language model to produce original text after a user has entered a specific prompt. Thus far, it has shown to be an incredibly powerful tool that serves a nearly endless variety […]
Tax relief for natural disasters: What you need to know
Natural disasters that once seemed predictable and confined to certain regions are now striking everywhere. Property owners face questions of preparedness and recovery in communities that always seemed safe. While disaster victims turn to the Federal Emergency Management Agency (FEMA) and state agencies for assistance, they can also find a friend in the IRS. Under […]
3 tips to help clients claim R&D tax credit
Innovation is the lifeblood of any economy. Since Benjamin Franklin tied a key to a kite string, American entrepreneurs, inventors, researchers and tinkerers have probed the limits of science to discover new concepts and create new products. That’s why research and development (R&D) tax credits still matter. R&D tax credits help ease the financial barriers […]
The benefits of CMA certification for small businesses
If you run a small business, you always have a list of potential roles to fill in the back of your mind: office administrator, receptionist, salesperson, etc. But what about a certified management accountant (CMA)? Chances are, you’ve either already hired or have considered hiring a bookkeeper or an in-house accountant. However, an accounting professional […]
5 ways to develop your data analysis skills for accountants
In today’s data-driven world, accounting, auditing and finance professionals are no longer limited to crunching numbers manually. The rapid evolution of technology has allowed them to expand their skill sets and embrace data analysis. Data analysis skills are crucial for those seeking to thrive in an increasingly competitive and technology-driven environment. By honing their data […]
Top accounting certifications for today’s market
Accounting certifications are vital in today’s competitive job market for finance professionals. By obtaining a top accounting certification, professionals can demonstrate their expertise, enhance their credentials and increase their career prospects. Employers value candidates with the best accounting certifications, as these credentials ensure they have the necessary knowledge and skills to succeed. Additionally, top accounting […]
6 tips for hiring employees for your tax business
A promising new client is knocking at your door, but you lack the capacity to take on the new business. You’re spending too much time and energy on managing the business to pay enough attention to existing clients, let alone prospective clients. Your core mission of preparing taxes is suffering because you are overworked and […]