The current economic recession and the pandemic disruptions will leave long-lasting impacts on the financial service industry. The responsibilities and role of accounting firms and CPAs will change in an unprecedented way. Adapting to the remote working style and producing effective results is the foremost challenge for CPAs around the world. CPAs have been the…
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…
DetailsThis COVID-19 pandemic has lead to many small businesses facing unique and exceptional challenges, often resulting in the amplification of common accounting mistakes. Many businesses stopped operating altogether while others either struggled or had to change the way they worked. Many small businesses are making it through this phase with the help of government assistance…
DetailsSince its inception in 1989, Triple Entry Accounting has gone largely unnoticed in the grander scheme of things. So, why are we discussing it now? Its use in securing cryptocurrency transactions potentially makes this system the backbone of digital economies in the future. To understand why Triple Entry Accounting is so special, it’s important to…
DetailsAs businesses continue exploring ways to sustain and thrive during this phase, we’ve enlisted 4 marketing strategies for CPAs to get your digital footprint off the ground.
DetailsDigital consumption is higher than it has ever been. Here are 3 easy to implement digital marketing strategies for CPAs to follow in 2020 and beyond.
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…
DetailsGrow Your Practice by Turning Common Challenges into Competitive Advantages Accounting Firms Operations and Technology Survey 2016 (AFOT Survey) revealed top challenges faced by accounting and tax firms. 20 key findings from this survey indicate that some issues are commonly faced by a majority of your competitors. One in 3 accounting firms faces workflow efficiency challenges, despite…
DetailsWhat is the greatest challenge in Accounting profession? Continuously evolving technology? Ever growing complexity in regulations? Competition? Fee pressures? Staffing challenges? Succession issues? Relevancy? Changing client expectations? Indeed, these are challenges, but what is the greatest challenge in Accounting profession? “How do I grow my practice without the expensive investment that I need for growth?”…
DetailsYou Get This Result When You DON’T Attend Conferences & Trade Shows “Glad that I stopped by”, said Victor, at AICPA Tech+ Conference in Orlando, one of the topmost conferences in the Accounting profession. I asked him “and why are you saying that?” His answers shocked me. Victor (real name), was an experienced CPA. He was…
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