The tax season is a hectic period for CPA firms every year, for the consecutive year, the Covid-19 effects have made things worse. There are last-minute regulatory and tax compliance changes to comply with. Clients need more information and clarity from CPAs. There is only one way for your CPA firm to win the battle,…
DetailsProper tax planning and preparation can help you avoid some of the most common IRS penalties. We, at Pransform not only help you stay on top of your tax planning, but also provides you an expert virtual team to take care of all your tax preparation. Here’s a Run-Down of the 5 most common IRS…
DetailsWise And Strategic Tax Planning For Your Business Business owners keep on searching for the effective tax planning methods which facilitate them the most. Running the business and making wise strategies for its proper running are mandatory in order to ensure smoothness and success. Business who considers tax planning for granted or pay little attention…
DetailsMy wife and I recently dined at a restaurant at Bangkok, Thailand. It is one of those restaurants where you place order for the ingredients – like fresh vegetables, uncooked meat and seafood, eggs, tofu and what not – all uncooked. On your table is an electric appliance – with a wide pan pot. Once…
DetailsIf you are one of those who run from one task to another, checking emails every now and then, trying to keep things organized all the time, making calls that don’t achieve much, checking work by yourself to make sure there are no mistakes and so on; if you are the one who is super-busy…
DetailsHow to reduce your stress during tax season? You know that tax season is all about multi-tasking, to-dolists, workflow, stress, stretch and of course, earning. As a tax professional, your brain (and body) is really taxed during the tax season. As a service provider to the accounting and tax profession, I engage with several accountants…
DetailsAnd Five New Age Technology Solutions to Help You Boost Earnings Busy = broke! I heard this at a recent seminar by a leading business expert. It sent me on a deeper exploration. My company provides services to Accounting, Bookkeeping and Tax Professionals. And so many of them tell me they are very busy but feel…
DetailsHere are some startling but recent research report backed headlines on CPATrendlines:Staff Turnover Escalates into Epidemic at CPA Firms: Professional staff turnover has jumped by as much as 50% in one year, averaging now almost 18%. These results were across all firm size ranges.Accounting Firms Launch New War for Talent: Firms are hiring, and many…
DetailsHello. Got source documents. Prepared return. Filed. See you next season. Thanks. Is that the path it goes for you as a tax preparer? Can you find a way to put in a Wow! somewhere on that path? Here are some… The Perfect One. No Taxes Owed. No Refund: What do you do with such…
DetailsThe most popular poll (with keywords “CPA” and “Tax”) on LinkedIn revealed a very interesting insight into the minds of tax preparers. 26% voters expressly indicated that they wanted clients to turn in source documents in early. And 26% more voters wanted “Family, Healthy Meals & Seeing Daylight”, indirectly indicating that they want source documents…
DetailsSeven days a week. 12 – 18 hours a day. Seldom a healthy meal with family. Not seeing daylight even when weather permits. Burn to earn? How taxing you want the next tax season to be for you? Here is The One Thing (TOT) that you would want to do before next tax season….. “If…
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