In celebration of National Small Business Week, ADP recently gathered insights from nearly 18,000 small business owners across the U.S. Their feedback—rich with practical advice and hard-earned wisdom—provides a timely opportunity for accounting professionals to better understand the mindset of today’s small business leaders. For accountants serving small businesses, this data isn’t just informative—it’s actionable. From HR strategy to compliance…
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Explore strategies for CPA firms to adapt to hybrid work models, including leveraging technology, enhancing cybersecurity, and fostering trust.
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Explore how technology is reshaping accounting with AI, cloud computing, and blockchain, enhancing efficiency and security in financial processes.
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Learn about the latest IRS cryptocurrency tax regulations, and how firms are adapting to maintain compliance within the rapidly evolving digital currency landscape.
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Explore the current trends in e-commerce sales tax regulations and how businesses are navigating these complex requirements with the help of technology and strategic planning.
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The issues surrounding payroll have changed dramatically over the last two years. With a significant percentage of the population working away from the office—and like to stay away, many businesses now have a work force in more than one state, meaning tax compliance is more complicated. The Great Resignation in which millions have changed or are changing jobs having clients asking…
Intuit got off to a hot start for the 2012 tax season. However, the pace of growth has slowed since it issued filing results in February. When it reported sales through February 13, sales of TurboTax Web sales had risen by 19 percent while desktop unit sales had dropped by 2 percent. The results for the season through March 17 showed Web unit sales up by 14 percent while the desktop numbers were off by 3 percent.
Still, the company expressed pleasure with the results because it said it had improved it performance against competitors. "In consumer tax, we continue to be pleased with our online share gain, estimated at approximately 1 point of share," Dan Maurer, SVP and general manager of Intuit's consumer group, said in a prepared statement. He also reiterated past statements that the company's providing free tax advice has been well received by consumers.
For the period ending March 17, the company sold 5.1 million federal desktop units, down from 5.3 million for the corresponding period a year ago. The Web total reached 12.4 million, up from 10.9 million. the total was countered by a 7 percent drop in units sold via the Free File alliance. The total TurboTax count was 18.4 million, an increase of 8 percent from 17.1 million for the same period in the 2011 tax season. The total filings dropped from the 10 percent increase reported through February 13.
Intuit