Latest news with #TaxManagement
Globe and Mail
2 days ago
- Business
- Globe and Mail
IBN Technologies Makes Tax Preparation Services in USA Central to Year-End Strategic Planning
"Tax Preparation Services [USA]" Tax preparation services from IBN Technologies are shaping strategic year-end filing outcomes for U.S. companies. By offering well-organized planning cycles, verified documentation, and experienced support, the company ensures businesses can file with confidence and remain aligned with annual compliance requirements. Miami, Florida - 04 July, 2025 - Finance departments are increasingly adapting to changes in tax codes, deadline shifts, and cost hikes due to inflation. To stay current and avoid strain, leaders are choosing options that bring balance and clarity to filing activities. Tax preparation services are emerging as a reliable choice to manage documentation with consistency, especially when internal bandwidth is limited. Accuracy, speed, and proper oversight are becoming top demands. In response to dynamic regulations, many enterprises are refining their tax management processes. Structured systems supported by external teams are reducing filing burdens on internal staff. These methods ensure that documentation remains in order and timely submissions are maintained. Greater emphasis on scalability, timeliness, and compliance is shaping the way companies are meeting their filing goals. Manage corporate taxes with clarity and precision Get a Free Consultation: Rising Costs Test Filing Consistency Steeper costs and ongoing tax reform are pushing teams to rethink their internal handling strategies. The dependency on legacy methods and under-resourced teams is triggering a range of filing slowdowns. Without the right structural support, output from tax management services can suffer under pressure, particularly in deadline-driven months. • Budget pressures prevent hiring additional tax personnel • Regulation shifts make consistent filing harder to maintain • Manual tools raise the chances of submission errors • Missing or misread forms interrupt review timelines • Irregular checks lead to unverified filings Companies working through high-volume seasons often find manual handling inefficient. As a result, more are incorporating business tax prep services to support performance stability. This approach introduces organized tracking, documentation control, and expert-led validation—all of which help sustain year-round compliance strength. Precision Filing Through Delegation In-house finance teams are integrating third-party tax professionals into their compliance strategy to enhance submission quality. Rather than expanding internal workflows, businesses are bringing in structured assistance to manage end-to-end tax needs with greater visibility. Tax filing confidence is improving with the help of regulated external guidance. • Support throughout the year to ease peak-period stress • Standardized submission models for federal and state returns • Seasoned professionals providing oversight across industries • Customizable support for different entity and filing types • Updated mandates embedded into preparation routines • Simplified handling for companies with operations in multiple states • Filing output formatted to meet IRS and state code requirements • Dashboards available for real-time updates and visibility • Organized documentation for credits, expenses, and deductions As demand increases, more firms are reducing internal pressure by engaging with reliable partners. These business tax frameworks are helping organizations meet timelines and improve compliance outcomes. Outsourcing tax preparation services in Florida are now a standard strategy to ensure documentation integrity and audit readiness. IBN Technologies provides Florida-focused businesses with dependable scheduling, accuracy-led practices, and regional insights. Florida Tax Accuracy Proven Effective Filing success in Florida continues to rise as more businesses lean on organized outsourcing practices. Through the use of a skilled tax preparation service, companies are managing complex tax demands without internal overload. Timely and accurate filings are becoming standard across multiple sectors. • Reliable filing routines through structured quarterly support • Fewer compliance challenges from error-free submissions • More control over tax filings in multi-state operations These outcomes reflect how Florida businesses are improving accuracy and reducing last-minute risks. IBN Technologies supports these consistent results by offering a tax solution that focuses on strategy and state alignment. A trusted tax preparation service helps ensure clarity in every return. Filing Systems Realigned for Growth Business tax strategies are being refined to match operational goals with accuracy and simplicity. With year-round documentation becoming more structured, companies are embracing methods that reduce pressure while supporting regulatory clarity. Integration of tax preparation services offers flexible systems that evolve with each cycle. By working with reliable partners, businesses are building operational routines that can scale with compliance needs. Today's professional accountants for tax offer strategic oversight and real-time adaptability—qualities that are essential for firms balancing multiple tax obligations. Their guidance enables businesses to stay focused while maintaining organized records throughout every quarter. IBN Technologies contributes to these efforts by delivering carefully developed support frameworks for preparation, advisory, and compliance alignment. Each engagement supports tax cycles with consistency, allowing businesses to focus on broader priorities. With IBN's experience and structured systems, more companies are heading into tax season prepared for long-term reliability. Related Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
Yahoo
16-05-2025
- Business
- Yahoo
ASUR Q1 Earnings Call: Product Expansion and Cross-Selling Drive Outlook Amid Investment Cycle
Online payroll and human resource software provider Asure (NASDAQ:ASUR) announced better-than-expected revenue in Q1 CY2025, with sales up 10.1% year on year to $34.85 million. The company expects next quarter's revenue to be around $31 million, close to analysts' estimates. Its non-GAAP profit of $0.19 per share was in line with analysts' consensus estimates. Is now the time to buy ASUR? Find out in our full research report (it's free). Revenue: $34.85 million vs analyst estimates of $34.25 million (10.1% year-on-year growth, 1.7% beat) Adjusted EPS: $0.19 vs analyst estimates of $0.18 (in line) Adjusted Operating Income: $7.32 million vs analyst estimates of -$1.06 million (21% margin, significant beat) The company reconfirmed its revenue guidance for the full year of $136 million at the midpoint EBITDA guidance for the full year is $31.96 million at the midpoint, above analyst estimates of $31.48 million Operating Margin: -5.8%, down from -1.4% in the same quarter last year Free Cash Flow was -$965,000, down from $7.13 million in the previous quarter Billings: $31.04 million at quarter end, up 6% year on year Market Capitalization: $271.5 million Asure's first quarter results reflected momentum in its Payroll Tax Management and benefits products, with CEO Pat Goepel crediting recent investments in technology and the expansion of the company's solution set. Management pointed to strong performance from new offerings such as AsurePay and increased cross-selling, supported by specialized sales teams and a growing focus on attaching additional products to existing clients. Goepel highlighted a notable 45% increase in new bookings and a substantial rise in contracted revenue backlog, suggesting that these strategic moves are yielding early returns. Turning to the company's guidance, management reiterated its full-year revenue and EBITDA outlook, underlining a belief that the cost base will remain stable for the remainder of the year. CFO John Pence stated that incremental staffing and infrastructure investments have already peaked, positioning Asure to deliver higher profitability as revenue scales. Management anticipates that revenue growth will accelerate in the second half of the year as recent product launches and acquisitions gain traction. "We believe our cost structure will be more stable going forward into 2025, permitting more operating leverage from revenue growth to generate adjusted EBITDA," Pence explained. Asure's management emphasized product innovation and operational discipline as central themes in the latest quarter. The company's commentary highlighted several factors shaping current performance and future prospects. Product Suite Expansion: The company launched new capabilities in its Payroll Tax Management solution, now serving large Canadian firms with integration to platforms like Workday, Oracle, and SAP, broadening its addressable market. Cross-Selling Momentum: Management reported double-digit improvement in attach rates—clients adopting multiple Asure solutions—driven by the rollout of specialized sales teams and success stories where existing customers expanded from single to multiple product engagements. Benefits Segment Growth: Asure is leveraging its acquisition of an insurance broker of record business and the introduction of a 401(k) offering to drive incremental revenue in the benefits segment, a part of the business seen as highly profitable. Acquisition Pipeline and Financing: The company finalized a new $60 million credit facility, drawing down $20 million to fund further acquisitions. Management signaled that the pace of M&A, particularly customer base acquisitions from resellers, is expected to pick up in the second half of the year. Operational Efficiency Initiatives: Investments in client lifecycle management and internal process automation are intended to support scaling, enabling Asure to absorb additional growth without a corresponding increase in headcount, thereby improving profitability over time. Management's outlook for 2025 is grounded in expanding product adoption, increased cross-sell activity, and the integration of recent acquisitions, all against a backdrop of a more stable cost base. Backlog Conversion and Bookings: The significant growth in contracted revenue backlog and a 45% jump in new bookings are expected to convert into revenue, particularly in the second half, as enterprise tax and benefits solutions are implemented. Margin Expansion Plans: Management expects operating leverage as recent investments in staff and infrastructure have already been made, allowing incremental revenue to flow through to adjusted EBITDA and margins. M&A Acceleration: The new credit facility is positioned to support an acceleration in acquisition activity, with a focus on acquiring reseller partners and customer bases that can be cross-sold additional Asure products, though no deal contributions are included in current guidance. Joshua Reilly (Needham & Company): Asked about the impact of specialized sales teams on productivity; management shared examples of clients expanding rapidly across products but noted that broader results are still developing. Eric Martinuzzi (Lake Street): Queried the effect of macroeconomic uncertainty and tariffs on small business demand; CEO Pat Goepel indicated that pipeline and lead activity remain healthy, with only minor deal cycle lengthening observed. Charles Nabhan (Stephens): Requested details on investment priorities and the balance between organic product development and acquisitions; management cited the acquisition of Broker Record and ongoing investments in operational automation and product integration. Daniel Hibshman (Craig Hallum): Asked about the cadence of acquisition activity and indicators for tax solution ramp; management expects M&A to accelerate in the second half, with backlog and phased client implementations as forward indicators. Greg Gibas (Northland Securities): Sought clarification on drivers of second-half revenue acceleration; management pointed to cross-sell, backlog realization, new sales team momentum, and the diminishing impact of ERTC-related headwinds. Looking ahead, the StockStory team will be monitoring (1) the pace at which contracted backlog converts to recognized revenue as enterprise clients go live, (2) attach rate growth as more customers adopt multiple Asure solutions, and (3) the company's ability to maintain a stable cost structure while absorbing new acquisitions. Execution on cross-selling and successful rollout of new products like AsurePay and Canadian tax solutions will also be key markers for progress. Asure currently trades at a forward price-to-sales ratio of 2×. In the wake of earnings, is it a buy or sell? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. 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