Glossary

A Perfect Storm of Tax Changes in 2026: What Advisers Need to KnowPage

Guide to 2026 US tax changes under OBBBA. New deductions, retirement rules, SALT limits, and planning strategies for tax advisers.

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Adverse Media Screening: Complete Guide to Negative News Risk Management & CompliancePage

Adverse media screening explained for US accounting firms. Learn FinCEN requirements, cut false positives by 90%, and build a risk-based monitoring program.

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AML Compliance Obligations for US Accounting Firms: What You Must KnowPage

Confused by US AML compliance obligations? Get clear, actionable guidance on Form 8300, CTA updates, risk assessment, & penalties specifically for accounting firms. Read your guide now.

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AML Risks in Tax Preparation: Legal Responsibilities for US Tax AdvisorsPage

Understand AML risks in tax preparation and the legal duties of US tax advisors. Learn compliance obligations and how tools like FigsFlow help.

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Best 5 Engagement Letter Software Features Accountants Should Look ForPage

Discover the best 5 engagement letter features that makes an engagement letter software ideal for accountants. Learn why FigsFlow is the best.

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Explore FigsFlow's Blogs and article section for expert tips, news, and resources. Discover insightful content to enhance your success and stay informed

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Bookkeeping Engagement Letter: Free Template, Key Clauses & Client Protection GuidePage

A bookkeeping engagement letter sets recurring scope, fees and boundaries with clients. Use this free template to standardize every new engagement.

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Client Due Diligence for Accounting Firms: Best Practices under USA AMLPage

Practical guidance on client due diligence for US accounting firms, covering AML risks, red flags, Form 8300 duties, and risk-based compliance expectations.

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Client Email Management for Accountants: Tools, Tactics & A Smarter ApproachPage

Struggling with client email chaos? Discover manual tactics, top 5 tools and a smart approach to client email management for accountants.

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Complete Guide to US AML Compliance ObligationsPage

Guide to AML compliance obligations for US accountants. Understand FinCEN requirements, MSB classification, and when full compliance applies.

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Contact UsPage

Need assistance with FigsFlow's proposal, pricing, or engagement tools? Reach out to our team for support, inquiries, or to learn more about our solutions.

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CPA Engagement Letters: The Clauses, Samples & Risk Protection Every Firm NeedsPage

A CPA engagement letter defines scope, fees and liability — your firm's first defense against malpractice claims. See the must-have clauses and a free sample.

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CPA Practice Management Software: Top 10 Firm SolutionsPage

Compare the best CPA practice management software with pricing from $28-$99/user. See G2 ratings, features, and find the right fit for your firm size today.

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Cross-Border Accounting & AML: How US Firms Can Stay CompliantPage

Cross-border Accounting AML compliance for US accountants with international clients. FATF standards, dual reporting rules, and proven steps to stay compliant globally.

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Demo Demo Book a demo — FigsFlow /* ══ TOKENS §4 §5 §6 §11 §15 §16 §17 ══ */ :root{ --iris:#4B3FE4; --iris600:#3F35C4; --iris700:#332BA0; --peri:#8C84F7; --signal:#1ECE8A; --wash:#F2F1FD; --ink:#1A1A2E; --slate:#6E6E89;…

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Engagement Letter vs Letter of Intent: How Are They Different for AccountantsPage

Engagement letter vs letter of intent: differences accountants must know. Compare legal weight, binding terms, use cases, and when to use each in practice.

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FigsFlow is an Accountancy Firm’s Best Friend for Engagement LettersPage

Discover how FigsFlow delivers the best engagement letters for accountants. Improve client onboarding and document management easily

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Form 1040: What Tax Practitioners Need to Know Before Filing SeasonPage

Form 1040, four new deductions and key threshold changes US tax practitioners need to know before April 15, 2026.

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Form 1099 Explained: Types, Who Sends It & WhenPage

From 1099-NEC to 1099-DIV to 1099-R, here's every form 1099, who has to send it, who has to report it, and how to file or correct one with the IRS.

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Form 941 Filing Requirements: What Employers Must Know in 2026 | FigsFlowPage

Learn Form 941 requirements for 2026, from quarterly deadlines to wage reporting and corrections.

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Free Fillable IRS Forms: What They Are & Where to Find Them in 2026Page

The IRS offers free fillable IRS forms. Here's how to access them, fill them out, e-sign, and submit them without paying a cent.

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FigsFlow: All-in-one AML, KYC, & compliance platform for UK accountants. Simplify proposals, pricing, client onboarding, and risk assessments. Start your 30-day free trial now!

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How Accountants Can Identify and Report Suspicious ActivityPage

Suspicious activity reporting (SAR) for CPAs and accountants. When to file a SAR with FinCEN, key thresholds, common red flags, and how to protect your CPA practice.

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How to Charge for Out-of-Scope Work Without Losing ClientsPage

A client asks for out-of-scope work. Do you charge, absorb it, or push back? Here is exactly how you should handle work outside your arrangement.

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How to Complete Form W-2 (2026): Box-by-Box Instructions for EmployersPage

Confused about what goes where on the 2026 Form W-2? This guide walks through every single box, filing deadlines, and common errors to avoid.

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How to Fill Out the IRS W-4 Form Correctly (Step-by-Step)Page

The IRS W-4 Form tells your employer how much federal income tax to withhold from your paycheck. Get a step-by-step walkthrough of every line.

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How to Order IRS Forms by Mail in 2026Page

The IRS will mail official paper tax forms for free. Here's how to order IRS Forms (1099 forms, W-2s) and other information returns by mail.

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IRS Form 4868: How to File a Tax Extension in 2027 (Step-by-Step)Page

Form 4868 gives you six extra months to file your federal return but not to pay. Learn how to file it online for free.

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IRS Form 8949: How to Report Capital Gains & Losses in 2026Page

Sold stocks, crypto, or real estate? You'll likely need to fill Form 8949 and Schedule D. Here's a plain-English walkthrough of how to do it.

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IRS W-9 Form: What It Is & How to Fill It Out Correctly (2026)Page

Learn how to complete the IRS W-9 form line by line, from your TIN and tax classification to backup withholding rules.

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Is Accounting a Dying Field? What the Data Really SaysPage

Is accounting a dying field? No, but it's changing. See what the BLS data shows, which roles are at risk, and why accounting is still a strong 2026 career.

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KYC vs EDD: The 2026 Ultimate Guide to US KYC Due Diligence & CompliancePage

KYC vs EDD explained for US accounting firms. Learn the real difference, when to escalate, and what a compliant EDD process looks like.

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Legal Consequences for Accountants Failing AML Compliance in the USPage

Learn the civil, criminal, and regulatory consequences of failing AML compliance for US accountants, including Form 8300, FinCEN rules, and penalties.

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Red Flags in Financial Statements: Spotting Money Laundering Risks in the USAPage

Red flags in financial statements every US accountant must know. Spot revenue manipulation, hidden liabilities, and fraud indicators with this CPA checklist.

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Smurfing in Money Laundering: What US Accountants Need to KnowPage

Smurfing in money laundering threatens CPA licenses. Learn to spot structured deposits under $10K, your SAR duties, and how to screen clients at onboarding.

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Tax Preparation Engagement Letter: Free Template, Key Clauses & Filing-Season ChecklistPage

A tax preparation engagement letter sets scope and limits before filing season. Protect your firm and grab a free, adaptable CPA template.

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The 10-Return E-File Threshold & What It Means for Form 1096 FilersPage

Understand the IRS 10-return e-file threshold and what it means for Form 1096 filers, including when e-filing becomes mandatory.

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The Critical Role of Bookkeepers in Anti-Money Laundering (AML) CompliancePage

Your guide to Bookkeepers in Anti-Money Laundering (AML) Compliance. Understand BSA & FinCEN recordkeeping obligations and suspicious activity reporting (SAR) requirements.

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The Future for Accountants: Will AI Take Over Accounting?Page

Will AI take over accounting? No, but the job is shifting fast. See what AI automates, what still needs a CPA, and how to stay valuable in 2026.

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The Future of Accounting: What the Next Decade HoldsPage

The future of accounting is advisory-led and AI-augmented. See how jobs, skills and firms are evolving through 2034, and how to prepare now..

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Top 7 AML Software Solutions for Accountants, Bookkeepers & Tax AdvisersPage

Compare the 7 best AML software solutions for 2026. Discover best tools for OFAC screening, SAR filing, and FinCEN rules.

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Top 7 Cloud Based Practice Management Systems for Accounting Firms (2026 Guide)Page

We scored and ranked seven cloud based practice management systems so your firm can stop guessing and start choosing with confidence.

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Turn Proposals into Revenue with FigsFlow’s Adfin IntegrationPage

FigsFlow's Adfin integration allows U.S. accountants and bookkeepers to automate payment collection, reminders, and reconciliation, improving cash flow and efficiency

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What Are Sanctions? A US Accountant’s Guide to Compliance & Client ScreeningPage

Discover the meaning, types, and impact of sanctions on business. Understand what are sanctions and their legal implications in this insightful post.

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What is AML Screening? A Complete Guide [2026 Edition]Page

AML screening process for US CPA firms. Covers customer due diligence, sanctions checks, PEP screening, ongoing monitoring, and how to cut false positives.

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What Is an Engagement Letter, Why Is It Important & How Does It Work?Page

An engagement letter is the first step of an agreement between lawyer and client. It is crucial to know what they include and how they protect your business.

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What Is OFAC Sanctions List?Page

OFAC sanctions list explained for accounting professionals. Who is listed, how to screen clients, penalties for violations, and real-time checking methods.

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What is Social Media Screening for US Tax & Accounting FirmsPage

Learn what social media screening is and how to conduct it legally in 2026. Discover FCRA-compliant workflows and EEOC-safe practices.

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What is The Impact of Automation in Accounting?Page

Automation in accounting is reshaping how firms work. Find out what it changes, what it does not, and how to use it to grow.

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When Should Accountants Invoice Clients: Before or After Work?Page

Invoice early and late? Here's when accountants should invoice clients, what payment terms to set, and how to get paid before work begins.

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Your Service Documentation Writes Itself: Introducing FigsFlow AIPage

New FigsFlow AI creates service documentation instantly. Professional schedules and descriptions ready in seconds for accountants.

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12 Best CRM for CPA Firms in the USA (2026 Software Guide)Page

CRM for CPA firms compared with real pricing from $45-$89/user. See G2 and Capterra scores, honest pros/cons, and top picks for solo CPAs vs growing firms.

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7 Best Accounting Automation Software for Firms (Reviewed & Ranked)Page

Discover the best accounting automation software for US accounting firms in 2026, scored across automation, ease of use, pricing, and integrations.

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