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Blog Articles & Video February 2022

Practice Ignition Rebrands to ‘Ignition’

Practice Ignition, a client engagement and commerce platform for professional services, has become Ignition, to reflect growth from its core proposal and payment automation solution to a broader client engagement platform, helping accounting, bookkeeping and professional services businesses. The brand change follows 18 months of product investment to build a

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Practice Ignition becomes ‘Ignition’

Practice Ignition, a proposals and payments platform developer for professional services firms, has changed its name to ‘Ignition’ to reflect an expanded focus into client engagement and commerce as well. Along with the rebranding, the company has made several enhancements to its platform. The improvements include conversion rate optimization in

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5 Finance Tools High-Growth Companies Need to Scale

Modern startups are more decentralized than ever and they’re moving at lightning speed. As companies grow, finance and accounting teams need to choose the right tools with which to scale the company. Shutterstock But now that some employees are splitting time between home and the office, while others are working

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CFA Institute introduces DEI code for finance pros

The CFA Institute has created a voluntary Diversity, Equity and Inclusion Code for the Investment Profession in the United States and Canada as financial firms wrestle with expanding a more diverse workforce. The DEI Code, launched Thursday by the group of Chartered Financial Analysts, aims to encourage greater commitment from

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The Role of Technology in a Black-owned Firm

As the CEO and founder of 1st Step Accounting, I am motivated by technology. Ever since I can remember, I have been inspired by some sort of technology. Whether it was a videogame console like the Nintendo or my first Macintosh computer that plugged into the TV, this technology gave

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Tax Fraud Blotter: Years in the making

Surrogate scam; truck stop; the nose job; and other highlights of recent tax cases. Las Vegas: Tax preparer Jesus S. Castro, 39, has been sentenced to 46 months in prison for failing to collect and pay over federal employment taxes, causing a tax loss to the IRS of more than

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10 Ways New Business Clients Can Keep Good Books

Unless your new business clients come from an accounting or bookkeeping background, they’re not likely familiar with accounting software or terminology. Unfortunately, they often cannot afford to pay for even our most basic services. And, even though we want to help them, we have to keep our own workloads and

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Tax season: Time to make your clients happy

Loyal customers are five times more likely to make repeat purchases and four times more likely to refer a friend to your firm. That statistic, provided by Forbes, gets to the heart of why you need to spend more time creating and delivering on a unique experience for clients. There

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The Tax Rules of the Road Shouldn’t be Ignored

The IRS often challenges deductions claimed for business use of a vehicle. And as shown in a new Tax Court case, it pays for your clients to document this activity well. For starters, taxpayers may deduct their actual business-related vehicle expenses or use the standard mileage rate. For 2022, the

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