Real estate accounting: Basics, Challenges, and Best Practices
Real estate, in almost every part of the globe, is a booming business right now. It involves a huge number of financial processes and complexities. Because of the operational nature of the industry, the real estate sector needs exclusive standardized processes for accounting. Just like in most other industries, accounting forms the backbone of real […]
Contractors Accounting: Basics, Challenges, and Best Practices
The construction industry is highly complex. When it comes to their operations there are multiple layers to it. With so many people involved, it can often get difficult for accountants to analyze how to balance the books of their construction clients effectively. From delayed timelines to complex structure designs, several contractual terms and obligations, and […]
Bridging the Gap Between Accounting Firms and Tech Vendors
There is no doubt in the fact that we have transitioned into a digital era. Right from how we make payments to perform our daily grocery shopping – all it takes is a click of a few buttons. While the world has largely adopted the technological shift, this evolution has been slower for the accounting […]
22 Accounting Conferences and Bookkeeping Events to Grow Your CPA Practice or Firm Faster
Networking is more than just a means to connect with like-minded people from your industry. It is an investment that you make in time and effort to reap the benefits you foresee for your business. Over the years, the accounting and bookkeeping industry has undergone massive changes. As accountants find themselves navigating through changes in […]
Choosing Accounting Practice Management Software: Expert Tips
When you are just starting your journey as an accounting firm owner, everything seems shiny – especially in accounting tools. In today’s day and age, with so many options of accounting tools and software available in the market, it is easy to perceive anything and everything as useful. As you begin to work in real-time, […]
Tax Fraud: Signs, Types, and Penalties of Tax Evasion
Every year, tax professionals gear up for the annual tax filing rituals. Collating the documents, making meaning out of them, and ensuring that everything is done accurately. Tax season is chaotic in itself, but there is another aspect to it, the dark side – tax fraud. While there is one form of fraud where your […]
Tax Season Stress and Madness: Selfcare During the Peak Season
On the technical side, tax season is about filing at the right time, ensuring all documents have been uploaded correctly and the clients get the maximum returns, there is something inherently critical for tax professionals – to survive the tax season chaos. This season brings a whirlwind of stress and anxiety due to the long, […]
Why Accountants Quit Public Accounting Firms
As people leave an organization, there is a significant increase in pressure on the ones who stay. And this is a continuous loop. Since 2020, more than 3 lakh accountants have already quit their jobs and more continue to do so. While everyone in the accounting profession is aware of the declining number of resources […]
Must have Soft Skills for Accounting Firm Leaders and CPAs in 2024
As accounting firm leaders, it is no longer enough to ace the art of balancing books – the profession has evolved over the years and they now need to balance several other aspects to become successful. Technical prowess, accuracy, and attention to detail to avoid errors are only a part of it; the accounting leader’s […]
How to Set Goals with Your Accounting Team This Busy Season?
As the busy tax season approaches, accounting firms often struggle. There is a sudden spike in the workload, tight deadlines, and extraordinary pressure on the accountants to deliver accurate and timely services. No matter how much accountants like their job, they dread the busy season. Long hours, all-nighters, and no time for family, when coupled […]