SandMartin Blogs
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21 Nov 2024
Every tax season, businesses face a familiar yet daunting task—filing taxes with precision. Accurate tax filing isn’t just a legal responsibility; it’s a critical safeguard that impacts cash flow, growth opportunities, and even reputation. For U.S. businesses of all sizes, compliance with tax laws has only grown more complex over time, and the stakes are …
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20 Nov 2024
In today’s fast-changing world, resilience has become essential for businesses, particularly in the finance sector. U.S. companies are no strangers to economic swings, regulatory changes, and staffing shortages. This reality calls for a strategy that not only protects against disruptions but also builds a finance function capable of thriving in any market condition. So, what’s …
Continue reading “Building Resilience in Finance through Outsourcing”
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08 Jul 2024
As the UK’s Self-Assessment tax season approaches, accountants are gearing up for a busy period. This time of year, is not just about crunching numbers but also a chance to grow your client base and expand your accountancy firm. Let’s explore how you can seize this opportunity with effective strategies and the benefits of outsourcing. …
Continue reading “Seize the Opportunity: Grow Your Accountancy Firm This Self-Assessment Tax Season”
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18 Jun 2024
For accountants in the UK, the tax season is a critical period requiring thorough preparation and planning. Although the 2024 tax season may seem distant, starting early can yield significant benefits. Early preparation aids in document organization, stress minimization, maximizing deductions and credits, strategic tax planning, securing professional help, error prevention, and efficient cash flow …
Continue reading “Tax Season 2024: Is It Too Early to Think About It?”
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14 Jun 2024
In the ever-evolving landscape of accounting practices, one of the perennial debates revolves around the management of payroll services: should firms handle it in-house or outsource it to specialized providers? This dilemma isn’t just about cost efficiency; it’s about optimizing processes and enhancing client satisfaction. Let’s delve into the intricacies of both approaches to understand …
Continue reading “The Payroll Puzzle – In-House Hustle vs. Outsourcing Oasis for Accounting Firms”
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20 May 2024
In today’s fast-paced business world, outsourcing Finance and Accounting (F&A) tasks has become a strategic move for many companies. The drive for efficiency and cost-effectiveness is pushing businesses to look for specialized services, and India has emerged as a top destination for these needs. This blog explores the current trends in F&A outsourcing and why …
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17 May 2024
In today’s tough business world, just saving money isn’t enough to succeed. Offshoring goes beyond that – it’s about gaining an edge through smart strategies and specialized skills. Offshoring connects businesses with experts worldwide, giving them access to top-notch knowledge in areas like taxes, payroll, and finances. This means being able to adapt fast, whether …
Continue reading “Is Offshoring the Key to Your Business Success? Discover the Answer Here!”
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06 May 2024
In the dynamic landscape of global finance, agility, adaptability, and technological prowess are paramount for organizations aiming to stay ahead. SandMartin’s partnership with a prestigious global accounting practice headquartered in London exemplifies a journey of proactive collaboration, technological innovation, and multi-geographical expertise. This case study delves into the evolution of this partnership, highlighting the strategic …
Continue reading “The SMART Solution: SandMartin’s Multi-Geographical Accounting and Tax Support”
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15 Apr 2024
In today’s digital world, accounting firms are using outsourcing more and more to make things run smoother. But with this convenience comes a lot of cybersecurity risks. We’re here to explore eight ways your firm can stay safe while outsourcing. Let’s dive in and make sure your digital defenses are strong! 1. Vendor Risk Management: …
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11 Mar 2024
Dear Clients, We are pleased to provide you with a comprehensive summary of the key updates from the UK Spring Budget 2024. This summary aims to simplify complex tax changes and ensure you are well-informed about how these updates may impact you or your business. Personal Tax Updates 1. National Insurance Contributions (NICs): 2. Tax …
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12 Feb 2024
As we enter the annual tax filing season, I’m thrilled to highlight some important changes for the 2023 tax year compared to previous years: Looking ahead to 2024, keep in mind that the annual gift tax exclusion will be $18,000 per donee and $185,000 for gifts to non-US citizen spouses. Furthermore, for estate and gift …
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12 Feb 2024
In the US, the tax year spans from January 1st to December 31st. Individuals subject to US tax laws must stay mindful of crucial filing deadlines throughout the tax period, regardless of their location globally. Here are some important dates for the 2023 US tax year: January 16, 2024: Deadline for paying the last installment …
Continue reading “2024 US deadlines to consider for 2023 US tax year”
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06 Dec 2023
In the fast-paced world of tax preparation, Certified Public Accountant (CPA) firms grapple with a myriad of challenges that can significantly impact their efficiency and effectiveness during the critical tax season. From the perpetual battle against tight deadlines and an avalanche of workload to the constant evolution of regulatory frameworks, CPAs find themselves navigating a …
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06 Dec 2023
As we step into the new tax year, CPAs in the United States must prepare for a series of changes that could significantly impact their clients’ financial landscape. The recently enacted Inflation Reduction Act has ushered in adjustments across various tax parameters, making it crucial for CPAs to stay informed and make informed decisions about …
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28 Jun 2023
When venturing into the realm of outsourcing payroll services, the paramount importance of safeguarding sensitive data assumes a position of great significance. Entrusting confidential employee information and intricate financial records to a third party requires a meticulous and discerning evaluation of potential partners. In this enlightening discourse, we will unveil seven essential criteria that shed …
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21 Jun 2023
In today’s rapidly evolving digital landscape, it has become imperative for businesses, irrespective of their size, to keep pace with technological advancements. This holds particularly true for the field of accounting, where accuracy, efficiency, and timeliness are paramount. Embracing and staying updated with accounting software and technology advancements can significantly enhance productivity, streamline processes, and …
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18 May 2023
Outsourcing has become an increasingly popular tool for businesses worldwide, including Accountancy Firms. With increasing work volumes, skilled staffing issues, and cost pressures, more firms are turning to outsourced help to Experts Resources, elevated quality, enhance efficiency, minimize operating costs, and boost profits. However, not all firms find success with their outsourcing arrangements, often due …
Continue reading “Plunge Into Success with the FTE Model of Outsourcing”
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28 Jun 2022
The tax code is convoluted and the IRS has been making it more complicated with the new Tax Cuts and Jobs Act. If you are confused about how to calculate Net operating Losses on your 2021 1120 return, then you aren’t alone. It’s complicated enough to make most tax professionals run for cover. If you’re …
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25 Aug 2021
It is rightly said that Employees are the biggest assets for any organization, which highlights how important the Payroll Function is for an organization. Although, Payroll is a very time-consuming and cumbersome service, yet some companies opt to do it by themselves. However, is it actually worth the effort? Can economies of scale be achieved …
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29 Oct 2020
The Coronavirus pandemic has brought unprecedented challenges to numerous Third Party Administrators across the globe. The open enrolment season is all set to take off from November 01 for 2020 health insurance coverage. Being overloaded with multiple tasks, the TPA firms are facing a shortage of talent for seasonal jobs like open enrollment. On an …
Continue reading “Give a head start to the Open Enrollment Season 2020”
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06 Jul 2020
Outsourcing – A Key to Growth for US Third-party Administrators During the Crisis Covid-19 has posed a new set of challenges for US Third Party Administrators. We recognize that TPAs are undertaking some difficult decisions regarding their workforce, claims administration and client consulting. Overwhelmed with the influx of work related to new and existing benefit …
Continue reading “COVID Proof your TPA Practice with SandMartin Offshoring Solutions”
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06 Jul 2020
The Past. The Present. The Future. SandMartin is embracing the challenges of UK Accounting Industry reforms and has the resources required to help small to large sized accounting firms thrive in these new conditions. Accountants are working long hours in processing furlough claims work and responding to the perpetual client queries about Government-backed financial support …
Continue reading “Recession-Proof your UK Accounting Practice with Quality Offshoring Solutions”
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07 Feb 2025
Tax season is often synonymous with stress, long hours, and high-pressure deadlines for CPA firms. As workloads pile up and clients demand more, many firms struggle to maintain accuracy, compliance, and efficiency. But what if there was a smarter way to navigate this challenging period—one that not only reduces stress but also unlocks opportunities for …
Continue reading “Transforming Tax Season: The Smart Way for CPA Firms to Stay Ahead”