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Tips to Avert Burnout during Tax Season

By Analytix Editorial Team

July 19,2021 0 Comments
Tips to Avert Burnout during Tax Season

One of the busiest times in the life of an accountant is tax season. With many businesses filing returns or paying taxes at the absolute deadline, work pressure on the professionals and CPAs who perform the actual filing increases immensely. Here are some tips from our in-house experts on how to avoid burnout during tax

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A Two-Way Approach to Helping Your Business Survive Financial Challenges

By Analytix Editorial Team

July 16,2021 0 Comments
Approach to Helping Your Business Survive Financial Challenges

One of the key business challenges for survival and growth is the need to ensure good financial health. This is especially true in uncertain times when economic growth is not guaranteed. A Guidant Financial report noted that amongst the five most common COVID-19 impacts, loss of revenue has the largest percentage. Other categories that exhibited

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How Cloud Technology Aids Your Business Continuity Plan

By Analytix Editorial Team

July 5,2021 0 Comments
How Cloud Technology Aids Your Business Continuity Plan

Business continuity can be maintained if your business manages to continue operations and continue to deliver on existing commitments with little or minimal disruption. One of the ways to ensure uninterrupted business operation and business continuity is by leveraging technology, specifically cloud technology. If your business already has technology-dependent processes, you can ask yourself the

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Outsourcing Accounting Functions Can Boost Your Business in 2021 and Beyond

By Analytix Editorial Team

July 5,2021 0 Comments
Outsourcing Accounting Functions Can Boost Your Business

According to a report in Capital Counselor, the top reason for outsourcing is cost savings. The report said that US outsourcing statistics show only 19.4% of marketers observed any change in outsourcing marketing activities during the pandemic. A CNBC report from last year reported that 60% of businesses closed as a result of the coronavirus

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Accounting Software Solutions: The Future of Accounting in 2021

By Analytix Editorial Team

June 28,2021 1 Comments
Accounting Software Solutions

In a world that grapples with a changing landscape, the fight against COVID-19 continues. The significance for businesses is that remote work and work from home are still viable options for employees. In the early days of the pandemic, studies revealed that businesses with some digital capabilities easily adapted to the trend. The move towards

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Accounting Process Automation: Significance for Your Business in 2021

By Analytix Editorial Team

June 21,2021 0 Comments
Accounting Process Automation

COVID-19 has led many businesses to adapt digital processes, including introducing online processes for transactions with customers. While the first wave of adaptation happened last year, with businesses introducing contactless transactions, the trend continues in the current year. It is expected that digitization will increase further this year and in the time to come. A

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Bookkeeping Automation: Here’s What You Need to Know

By Analytix Editorial Team

June 7,2021 0 Comments
Bookkeeping Automation

As business communication and transactions go digital, it is important to remember that accounting as a function has always embraced technology. Automation for bookkeeping and accounting practices has proven to be effective. Most number-crunching tasks associated with bookkeeping and accounting are both time and attention-consuming, as well as prone to human error. Automation of basic

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Does Your Business Need Accounting Advisory Services?

By Analytix Editorial Team

May 27,2021 0 Comments
Does your business need accounting advisory services

Accounting and bookkeeping are fundamental to business success, regardless of the industry in which the business operates. This is equally true for bookkeeping firms and full-service CPA firms. Very often, these firms are inundated with deliverables and may unwittingly neglect their own business requirements. Advisory services can help these busy, multi-tasking businesses to streamline their

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New Accounting Tools, Applications and Automation in 2021

By Analytix Editorial Team

May 11,2021 1 Comments
New accounting tools and technology

Accounting automation processes repetitive, high volume, manual tasks with enhanced reliability and reduced errors. Automation allows businesses to redirect resources to focus on information-driven decision-making and crucial business development activities. For accounting, bookkeeping, and CPA firms, consolidating finances and investing in growth strategies is important in aligning the business with the latest in accounting tools

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Received a PPP Loan? Here’s What You Need to Know About Deductions

By Analytix Editorial Team

May 3,2021 0 Comments
PPP Loan Forgiveness

The Paycheck Protection Program (PPP), assisting small business owners affected by the coronavirus pandemic, has faced unprecedented demand. According to Forbes, technical shortfalls and unclear guidelines have created difficulties for businesses, in dire need of support, to access funds. For businesses that received PPP assistance when they needed it, loan forgiveness is paramount. Businesses are

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