Tag: Accounting

How Can CPAs Stay Relevant in Today’s Changing World?

Life for CPAs is changing. Since the inception of automated accounting software like QuickBooks, TurboTax, etc., CPA firms are continuously devising strategies to stay relevant and outpace the competition.  If you are a CPA firm, there’s no wonder that your clients will expect a more consultative level of service from you. So, if you want to fulfil your clients’ expectations and help them navigate the ins and outs of running their businesses, staying relevant in today’s changing world is the key. To achieve this, it is imperative that you increase both the productivity and efficiency levels of your CPA firm, ... Read more

Future Proofing Your Accounting Firm with TaxWise Cloud Hosting

COVID-19 was a rude wake-up call for businesses worldwide. It threw everything into chaos and brought in a slew of changes. Those who had measures to overcome it kept themselves running. Those who didn’t, we knew what happened to them. It is an example that illustrates why businesses must be future-proof.    But what exactly does future-proofing mean? How does TaxWise cloud hosting play a role in it? To understand this, let’s delve deeper into this discussion.    What is Future-Proofing, and Why do You Need it?    Future-proofing involves devising and implementing key measures for adapting to sudden or gradual changes in ... Read more

How Cloud Hosting is a Solution for Every Accounting Firm?

Cloud hosting is a buzzword that is making the rounds across various industries. Now and then, you will hear about the amazing benefits of cloud hosting. Many industries are now actively using cloud hosting for their business operations.    Accounting firms are now following in their footsteps and using cloud hosting. During a tax season, cloud hosting is something that can provide them with great returns. Most of them use traditional local system deployment, which presents several difficulties. These are limited accessibility, security concerns, tedious IT management, etc.    Here are three reasons why cloud hosting is a solution for every accounting ... Read more

5 Accounting Trends to Look Out for in 2022

The accounting industry has changed recently. The advancements in technology and the COVID-19 pandemic have also accelerated this change. For example, work from home boosted the adoption of cloud-based accounting software.     This article explains the top 5 accounting trends necessary for your business in 2022. Following them will ensure that your organization has access to tools for better operational efficiency and productivity.   Here, have a look.    1. Blockchain Utilization   2021 witnessed the meteoric rise of cryptocurrencies like Bitcoin and Shiba Inu and made everyone aware of blockchain technology. However, blockchain is not only limited to cryptocurrencies. It has ... Read more

How Cloud Accounting Can Help Improve Efficiency of Small Businesses?

One of the most imperative business operations, accounts management plays a crucial role in determining business performance and its overall efficiency. An effective accounting operation in place can help you better manage cash flow, make impactful financial decisions, as well as lead to increased compliance.    Unlike today, accounting management was usually manual, and all tasks were executed on paper. Although the traditional accounting systems did manage to solve the basic accounting needs, they did not last long.  With the advent of innovative technologies like Cloud Accounting, businesses can now see a whole-new transformation of how their accounting operations are managed. For ... Read more