Remove 2031 Remove accounting firms Remove tax return
article thumbnail

Meeting the Staffing Demands: How Automation is Transforming Accounting Firms

CPA Practice

However, as tax regulations become more intricate and audit scrutiny intensifies, the demand for accurate tax preparation continues to grow, adding pressure to tax practitioners. The Role of Automation Automation and advanced softwares are reshaping the way work is conducted within public accounting firms.

article thumbnail

CPAs to Clients: The IRS is Coming for Cryptocurrency

CPA Practice

Most of our clients are dabbling in it through platforms like Robinhood Crypto,” said Elizabeth “Li” Connolly, a firm partner. The federal agency launched Operation Hidden Treasure in 2021, for example, to root out taxpayers who fail to report income from cryptocurrency transactions on their federal tax returns.

cpas 98