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Foreign Tax Compliance Reporting — FATCA vs. CRS

FICO

This article is from Michael Blicker , a senior consultant in FICO's compliance solutions group. You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act).

Taxes 53
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Small U.S. accounting firms and their consultative future

Abrigo

The recent Accounting Firm Operations and Technology Survey (AFOT), available as a PDF eBook at CPA Trendlines , produced by Randolph P. percent provide tax preparation services. percent provide tax preparation services. percent provide tax preparation services. Coming as no surprise, the data shows 92.2 Whereas 77.7

eBook 220
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Accounting firm clients want these services from you

Abrigo

Identifying service opportunities is especially important for firms looking to transition from a focus on compliance services , such as tax and audit, to value-added advisory services that might generate higher margins. After all, accountants are commonly known as providing services such as tax preparation and audits.

Taxes 150
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New guide focuses on improving cash flow to grow the business

Abrigo

The eBook concludes with a one-page practice aid that briefly summarizes and includes quick tips on how to “Avoid Cash Flow Catastrophes.” Additionally, the guide includes an overview of technology that helps create and accelerate cash flow, from smartphone-enabled credit card readers to business intelligence software.

eBook 170
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How to develop proactive advisory services

Abrigo

While it sounds great in theory and everyone agrees, just how is this to be accomplished when most of your efforts are currently focused on finding new clients for the seeming financial security of gaining a heap of tax and compliance work? Rely on annual revenue that is much less dependent on 100-hour work weeks during tax season.

How To 150
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Offering advisory services: Piecemeal or holistic approach?

Abrigo

He is also sharing tips for ensuring compliance with overarching consulting services standards in the accounting profession. The typical services of audit, tax and bookkeeping require primarily technical expertise – mastery of audit and accounting standards, an understanding of tax law and regulations, and the ability to apply them.

Honolulu 150
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Poll: Accountants want substantially more revenue from advisory services

Abrigo

While some believe the fear mongering is overdone, many firms in the accounting profession are nonetheless seeking to move from the kind of backward-looking compliance work (such as tax preparation and auditing) that is increasingly automated. Experts offer numerous tips.

eBook 150