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IRS Form 8886 Instructions for Filing Reportable Transactions

the IRS requires taxpayers to disclose these reportable transactions i.e. transactions that have the potential for tax avoidance or evasion using Form 8886: Reportable Transaction…

December 12, 2023

Article Practice Management

Will AI or Automation Replace Accountants? A Critical Look at What the Future Holds

The accounting industry has always benefited from advances in technology. From calculators to spreadsheets, every wave of innovation has helped accountants enhance their abilities and…

December 5, 2023

Article Practice Management

All You Need to Know About IRS Form 8886 Reportable Transactions

Failure to file this form could lead to fines by the IRS. Hence, accounting firms must understand IRS Form 8886 to ensure their clients remain…

December 5, 2023

Article Accounting Workflow

Zapier and Financial Cents: Save Time on Accounting Client Onboarding

In this article, we dive deeper into ways you can leverage the Financial Cents and Zapier integration for your accounting client onboarding. The client onboarding…

December 5, 2023

Article Accounting Workflow

6 Compelling Reasons Your Firm Should Implement Accounting Workflow Automation

If your current accounting workflow processes are manual, your firm is disadvantaged. Here are 6 reasons to implement accounting workflow automation.

December 4, 2023

Article Financial Cents News

Introducing: Financial Cents & SmartVault Integration

Financial Cents is excited to announce its integration with SmartVault. This integration will enable accountants and bookkeepers to access every app that is relevant to…

December 4, 2023

Article Financial Cents News

Hello & Bonjour Canada! Introducing: File Storage for Canadian Firms

We are excited to announce that Canadian users can now store client documents in Financial Cents servers located in Canada. With this file storage solution,…

December 2, 2023

Article Practice Management

15 Examples of Client Accounting Services (CAS) You Can Offer

Looking for ways to expand your accounting service offerings? Here are 15 lucrative client accounting services (CAS) you can offer to businesses of all sizes.

November 30, 2023

Article Practice Management

Outsourced Bookkeeping: How to Retain Work Quality

We discuss the essence of retaining work quality, factors affecting the quality of work, and how to maintain your firm's work standard even when you…

November 30, 2023

Article Practice Management

7 Quick Steps to Migrate to a New Accounting Practice Management Software

Considering migrating to a new accounting practice management software? Here are 7 quick steps to make the transition seamless.

November 29, 2023

Article Accounting Workflow

WorkflowCon2023: A First-of-Its-Kind Conference For Setting New Standards in Efficient Accounting Workflow

From engaging workshops to dynamic networking opportunities, WorkflowCon2023 was more than a conference - it was a movement towards a future where accounting workflows are…

November 28, 2023

Article Accounting Workflow

Why Generic Project Management Software Aren’t a Good Fit for Accounting Firms

As an accounting firm owner, you need to use account project management software instead of generic ones for the best results. Here’s all you need…

November 28, 2023

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