Sentient

Accounting firms

accounting firms

Can Digitization drive Profitability for CPA firms?

Recently, as businesses struggled to adjust and maintain continuity of operations, the role of accountants came to the forefront. They were key to helping businesses forecast cash flows, access public relief measures, comply with emergency legislation, and assess tax measures. Even as we move into the post-pandemic era, those same businesses expect Accounting firms to …

Can Digitization drive Profitability for CPA firms? Read More »

client accounting services

Want to turn your accounting performance around? Have you considered our Client Accounting Services (CAS)?

It is often challenging and expensive for entrepreneurs, small businesses, and startups to set up an in-house accounting team. In such cases, partnering with an accounting services provider can prove to be highly beneficial. This allows the various aspects of accounting to be customized based on business needs, making Client Accounting Services (CAS) highly economical …

Want to turn your accounting performance around? Have you considered our Client Accounting Services (CAS)? Read More »

accounting firms

4 Questions Every CPA Firm Should Ask their Team on a Monthly Basis

Emerging technologies are greatly enhancing tax practices. While accounting automation represents a quantum technological leap, accounting firms of all sizes can foster rapid growth by leveraging strategic changes in technology and management philosophy. Millennials today occupy a major portion of the workforce, and they have been monumental in shaping the culture of CPA firms in …

4 Questions Every CPA Firm Should Ask their Team on a Monthly Basis Read More »

Client accounting services

Determining Profit Margins on Client Accounting Services

The world of accounting is evolving at a frenzied pace. Research shows that client accounting services, tax preparation, bookkeeping, and payroll services were the most profitable small business industry in 2021, as measured by a net profit margin of 19.8%.  If the focus of a CPA firm isn’t the profit margin, then you are doing …

Determining Profit Margins on Client Accounting Services Read More »

Accounting firms

Where Should CPA Firms Invest Time and Resources to Ensure Business Growth?

Challenges Faced by Businesses Today Access to finance has remained one of the significant challenges faced by small businesses in the US today. While 27% of small businesses financed their company needs through business earnings, nearly 30% of small businesses surveyed by the Federal Reserve Bank claimed they were unable to receive the funding they …

Where Should CPA Firms Invest Time and Resources to Ensure Business Growth? Read More »

accounting firm

Top 5 Challenges that CPA Firms Face Today and how can they be Overcome?

Whether it is the ever-evolving nature of government regulations and tax laws, or the struggle to remain cost-effective, accounting firms today don’t have it easy. According to the 2019 PCPS CPA Firm Top Issues Survey, finding qualified staff and keeping up with changes to tax law are among the CPA firms’ top concerns.  With the …

Top 5 Challenges that CPA Firms Face Today and how can they be Overcome? Read More »