The Fraud Files Forensic Accounting blog deals with the seamier problems in business. Tracy Coenen’s blog uses forensic accounting to track down evidence of fraud, bribery, theft and embezzlement. Her experience in this field has brought requests for speaking engagements and appearances as an expert witness in criminal trials. The posts are conversational and written for a layperson to understand. For example, he has a very detailed post on Bitcoin and Taxes and gives several examples of how to calculate taxes on cryptocurrency trades. Another post discusses how the IRS is becoming “kinder and gentler” by making fewer audits during the COVID-19 pandemic.

Accrual accounting takes a different approach, focusing on when revenue is earned and expenses are incurred, regardless of when cash actually changes hands. This provides a more complete picture of your business’s financial performance over time. Automation is reshaping accountants’ roles by taking over repetitive tasks and allowing them to focus on higher-level responsibilities. In the past, accountants primarily handled manual processes such as data entry, invoicing, and financial reporting.

Do I Need Historical Bookkeeping If I Haven’t Filed My Taxes In Years?

Accounting, bookkeeping, and tax tips to help you understand your small business finances. Our intuitive software automates the busywork with powerful tools and features designed to help you simplify your financial management and make informed business decisions. Not sure where to start or which accounting service fits your needs? Our team is ready to learn about your business and guide you to the right solution.

• For practical information on taking care of your firm and yourself, and that cites experts, turn to Pure Bookkeeping’s blog.
• Whether it’s news about the Trump trial, Evergrande’s implosion, or financial scandals across the world, you can rest assured that FT will cover it in a balanced and intriguing way.
• So, if your business meets the eligibility criteria, don’t hesitate to embark on the journey towards MWBE certification.
• If you don’t want them to bankrupt your business, you probably need some kind of small business insurance.
• If you’re looking for the top accounting bloggers or accounting blogs to follow, you’ve come to the right place.

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Accounting Today provides its readers with the latest developments in accounting practices and aims to help accounting professionals get up-to-date information within the industry. Shoeboxed is a well-rounded and knowledgeable blog suitable for business owners, accounting professionals, and other readers in the finance world. To accountants, bookkeepers, and CPAs (Certified Public Accountants), blogs that share accounting tips and industry insights allow for professional growth. You’ll find guidance on everything from selecting the right accounting software to filing taxes and managing client relationships. Ignition covers all the essential topics to help you improve your accounting skills. If you’re looking to stay updated and ahead of the curve in the accounting field, this blog is a perfect resource for you.

How to Deduct Repair and Maintenance Expenses: Navigating IRS Safe Harbor Rules

Within five short years, he sold his business for seven figures. These days, he helps accounting firms become more efficient so they can achieve that mythological work-life balance that everyone’s always talking about. If your business grows or your needs change, Brightpearl can support a smooth transition from cash basis to accrual accounting. The system automatically updates your financial records, ensuring a consistent and accurate view of your data. Brightpearl offers the flexibility to manage both accrual and cash basis accounting, allowing you to switch between views or even run a hybrid system if needed.

• Blake Oliver’s blog has frequent updates featuring some of the accounting industry’s top voices, giving you further insight into the accounting world.
• The platform places a special emphasis on technology and its impact on your work as a CPA.
• Master the fundamentals of construction accounting with this guide.
• A simple guide to accounting, recordkeeping, and taxes for property management businesses.
• Agata Kaczmarek has held a passion for writing since early childhood.

ClearSky Contractor Accounting Contractor News Blog

Each blog post is tagged based on topic, for example, Clients, Individuals, Business Tax, Excel and Practice Excellence. This makes it easy to locate posts surrounding a particular topic – click on a tag and be taken to a page feature all the blog posts about that particular topic. To make sure you don’t face this dispiriting experience, we have put together a list of best accounting blogs you should be reading. These blogs will keep your accounting skills up to date and grow your knowledge in a continually evolving accounting industry. CPA Practice AdvisorIt began with a focus on technology but soon evolved to include general industry news and practice management resources.

How to Automate Your Bookkeeping

Our team of experts is ready to walk you through the program’s features and help you assess whether it fits your business’s needs. Therefore, automation does not threaten the existence of accounting jobs, rather, it enriches the profession by allowing accountants to engage in more meaningful work. By embracing change, business accounting blog accountants can increase their roles, improve client relationships, and contribute significantly to their organisations’ success in an increasingly complex financial landscape. And with taxes, you look at the ability to summarize agreements and really focus on the main areas of those agreements. And then also, with all the data there to help in complex tax structures and how to do them. And also, a lot of the compliance on the tax returns, I think it’s going to reduce quite a bit the amount of hours.

Weekend Discussion: TurboTax Declares Itself Direct Competition of Tax Pros

But that’s not all—Accounting Today also excels in advisory content. With an array of podcasts, webinars, and other educational resources, you can deepen your knowledge on a variety of topics, from taxes to practice management. Running a business or accounting practice isn’t just about numbers—it’s about keeping tabs on what’s going on across each aspect of your venture.