So, you’re studying for your bachelor’s degree, or maybe a master’s degree, with dreams to go into public accounting? Even more, you want to start on the journey to becoming a licensed CPA (Certified Public Accountant)? That’s great, and you’re already on your way to meeting the education requirements of an Accounting degree! And while […]
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Data Analytics 101: Applying Excel and big data to accounting
Certain buzzwords, such as blockchain, artificial intelligence, machine learning, and data analysis, have become increasingly common in the accounting profession as technology plays a bigger role in the day to day aspects of a business. While all of these buzzwords and their related concepts are important, none seems to be quite as important as data […]
Everything you need to know about cybersecurity investment tax credits
Cybersecurity is a top priority for all types of businesses. For tax professionals, the increasing threat of cyberattacks means that protecting your clients’ sensitive information has never been more important. However, investing in cybersecurity measures can be expensive. Fortunately, the government offers tax credits to incentivize businesses to invest in their cybersecurity. In this article, […]
Enrolled agent exam prep tips for tax professionals
As a tax professional ready to become an Enrolled Agent, your first step is passing the IRS’s Special Enrollment Examination (or EA Exam). Congratulations – your existing tax knowledge will give you a head start. Now it’s time to familiarize yourself with the process, focus on the EA exam structure and find an exam review […]
5 things to consider when training your staff
As a tax professional or business leader, training staff is a crucial part of ensuring success for your company — and your clients. Not only can proper training improve productivity and efficiency, but it also helps to keep your employees up-to-date with the latest industry trends and regulations. In this guide, we’ll cover five key […]
Advanced bookkeeping tips for tax professionals
Bookkeeping, or the process of accurately recording all your financial transactions, is a key part of building a successful tax business. However, it also comes with the potential for costly errors. According to Solution Scout, bookkeeping mistakes led to $1.3B worth of IRS penalties in 2021 alone. Unfortunately, bookkeeping errors are easy to make. A […]
Considering a Career Change? – 5 Alternative Career Paths for CPAs
As a current or aspiring firm CPA, have you considered potential jobs after public accounting? You are in the perfect position to pivot to a new role. This article will highlight 5 alternative career paths for CPAs to consider when they explore new opportunities. See how the skills you’ve gained will help you transition into […]
Beginner’s guide to bookkeeping
A bookkeeper fills a critical role for any business, and that is the recording and organization of financial transactions. These include customer payments for goods and services, business payments to vendors and contractors, and loan and rent expenses. Without proper bookkeeping, a business simply can’t function. Individuals who start their own small business often keep […]
How long should you study for the CISA exam?
Whether you’re looking to work in information technology, or are already an IT auditor or assurance and information security professional, passing the Certified Information Systems Auditor Exam and becoming a CISA will launch your career in the IS space. As the world becomes more technologically advanced across all sectors, CISA professionals are in higher demand to ensure information systems are working properly and aren’t compromised.