ThomsonReuters

JANUARY 23, 2025

Jump to The benefits of GenAI Barriers to the integration of GenAI in tax and accounting Addressing barriers with AI-powered solutions Secure your firms future with AI integration In the rapidly evolving world of tax and accounting, generative AI (GenAI) is emerging as a powerful tool that can revolutionize the way professionals work.

accounting firms 64

accounting firms Tax Account accounted 64

CPA Practice

NOVEMBER 12, 2024

This webinar will be held on Thursday, December 12, 2024 at 12:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now This webinar is designed for accountants using QuickBooks, Xero, or similar accounting software. He also co-founded Acuity Invests, which invests in accounting tech, SaaS, fintech, and crypto companies.

Technology 126

Technology Sales Indiana Tax 126

CPA Practice

OCTOBER 31, 2024

tax professionals responsible for managing sales tax obligations for independent retailers reveals that 97% of respondents say they have automated or plan to automate their sales tax compliance process. A new Avalara survey of U.S. The survey, which was conducted from Oct. The survey, which was conducted from Oct.

Sales 116

Sales Tax accounting and finance bookkeeping 116

ThomsonReuters

MARCH 3, 2025

In a profession known for its measured approach to change, agentic AI is emerging as a transformative force for accountants, redefining the nature of daily work and opening the door to more meaningful (and profitable) relationships with clients. But what is agentic AI, and how is it transforming the accounting profession?

Tax 64

Tax Account accounted accountant 64

CPA Practice

NOVEMBER 8, 2024

Brian Tankersley, CPA, and Randy Johnston review TaxGPT , an AI-powered tax assistant for accountants & tax professionals. The tech and accounting professionals that developed the TaxGPT co-pilot system says it can boost productivity by 10x. We’d like to talk about another AI based tax research tool called Tax GPT.

Technology 115

Technology Account accounted accountant 115

CPA Practice

NOVEMBER 11, 2024

This webinar will be held on Tuesday, December 3, 2024 at 1:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now We’ll demonstrate how automation integrates with popular accounting platforms to save time, reduce risk, and enhance efficiency. We live and breathe sales tax and license compliance. Plus, earn free CPE credit!

Tax 116

Tax Indiana Technology CPA 116

Acterys

DECEMBER 20, 2023

Accounting firms provide financial management services to businesses, including advisory services, bookkeeping, tax preparation, and auditing. For many accounting firms, there remains the opportunity to improve speed, efficiency, and quality. But too many businesses still rely on manual solutions.

accounting firms 130

accounting firms Finance Account accounted 130

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. In 2004, under the editorial leadership of Gregory L.

Technology 124

Technology accounting firms Account accounted 124

CPA Practice

APRIL 16, 2024

The Philadelphia Inquirer (via TNS) Molly Kowal decided to become an accountant in part because she knew it would be a stable career. My generation is more focused on maintaining that work-life balance,” said Kowal, who works at accounting firm EisnerAmper in Philadelphia. “A By Lizzy McLellan Ravitch.

accounting firms 134

accounting firms Account accounted accountant 134

ThomsonReuters

DECEMBER 10, 2024

Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.

audit 91

audit Tax Technology tax return 91

ThomsonReuters

DECEMBER 10, 2024

Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.

audit 97

audit Tax Technology tax return 97

ThomsonReuters

MAY 28, 2024

Jump to: 2024 top priorities Key Insights from the 2024 State of Tax Professionals Report Preparing your firm for the future In the ever-evolving landscape of tax and accounting, professionals are continually adapting to new challenges and opportunities.

accounting firms 111

accounting firms Account accounted accountant 111

CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 139

accounting firms CPA Technology Account 139

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. By Cameron White. Technology also gives staff real-time access to their data, from anywhere at any time.

accounting firms 135

accounting firms CPA Technology Account 135

ThomsonReuters

DECEMBER 19, 2024

Jump to Automating digital asset compliance workflows What can cryptocurrency tax software do? Strategic digital asset reporting implementation for tax professionals Act now and gain a competitive edge The tax landscape is evolving rapidly, especially with the emergence of digital assets like cryptocurrencies.

Tax 52

Tax Account accounted accountant 52

Anders CPA

FEBRUARY 15, 2024

Anders has been recognized by USA Today as a Most Recommended Tax & Accounting Firm for 2024. When tax season arrives, finding a tax or accounting firm that fills your business’s needs is vital to ensure necessary documents are filed correctly and on time.

accounting firms 111

accounting firms tax accountant Tax Account 111

Going Concern

APRIL 19, 2024

Rightworks has released their inaugural 2024 Accounting Firm Technology Survey and the results tell us what we already done knew: Accounting firms are hesitant to adopt next-gen technology. Despite low adoption, the accounting profession has a positive outlook on the benefits of technology. Ya think??

accounting firms 122

accounting firms Technology Account accounted 122

Withum

FEBRUARY 21, 2024

Withum is excited to share that USA TODAY and Statista named the Firm on the list of America’s Most Recommended Tax and Accounting Firms 2024. Previously, Withum was recognized annually by Forbes and Statista on the America’s Best Accounting and Tax Firms lists.

accounting firms 119

accounting firms Tax Account accounted 119

AdviceForTaxpreparers

SEPTEMBER 8, 2020

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department. That’s fine.

tax preparation 246

tax preparation Tax cpa firm tax return 246

CPA Practice

SEPTEMBER 6, 2023

The question in the title of this article is one the Treasury Inspector General for Tax Administration (TIGTA) recently tried to answer for some members of Congress who asked the IRS watchdog to evaluate employees moving between large accounting firms and the IRS, often referred to as the “revolving door.”

accounting firms 119

accounting firms Account accounted accountant 119

CPA Practice

AUGUST 19, 2024

In addition to ongoing security and compliance needs, accounting firms face unique challenges when recruiting and retaining employees, offshoring, and increasing operational efficiencies. A veteran of accounting journalism, she also speaks at many accounting events, trade shows, and webinars.

accounting firms 116

accounting firms Indiana cpa firm Account 116

CPA Practice

OCTOBER 29, 2024

Like other software, AI is helping streamline some tasks and is used as an aid for many in the accounting industry. If you’re not using AI in your firm already, it’s time to analyze some of the time-consuming tasks that you or your team are performing all the time to see which ones can be assisted or fully offloaded to AI.

accounting firms 111

accounting firms Account accounted accountant 111

CPA Practice

MARCH 15, 2023

In the past several decades, few topics have driven as much conversation among accounting professionals and firm leaders as has ongoing private equity investment in firms. This phenomenon has caused the profession to rethink the very model of firm ownership, success, partnership and hierarchy.

accounting firms 132

accounting firms Account accounted accountant 132

ThomsonReuters

JULY 30, 2024

Historically, accounting firms have operated under a transactional billing model, providing once-a-year services primarily focused on tax compliance and reporting. To learn more about shifting your firm to an advisory services business model, explore Practice Forward today.

accounting firms 105

accounting firms Account accounted accountant 105

CPA Practice

NOVEMBER 15, 2024

No one said running a successful accounting practice was easy. The emergence of the latest crop of AI tools – including not just gen AI, but next gen search and knowledge graphs – has enabled transformative new ways of working within accountancies. By Alex Smith. The result? Value pricing is a good fit here.

tax return 115

tax return audit accounting firms Tax 115

Going Concern

OCTOBER 5, 2023

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work, and hires additional employees, old-school project management processes can quickly become obsolete. However, all is not lost!

accounting firms 119

accounting firms Account accounted accountant 119

TaxConnex

JULY 26, 2022

Partnerships, just like your sales tax obligations, evolve over time. Sales tax is not a set it and forget it task, so if you’ve handed things off and aren’t sure how things are going, it may be time for a check-up with your provider. No Accountability. Who is accountable to you for resolving issues?? Notice Activity.

Sales 246

Sales Tax tax return Technology 246

CPA Practice

JUNE 24, 2024

I asked ChatGPT what forms it recommended for a CPA firm. Here is the answer I got (since ChatGPT is nondeterministic, you won’t get the exact same answer I got.): For a CPA (Certified Public Accountant) firm, creating and utilizing various forms and templates can significantly streamline practice management tasks.

accounting firms 124

accounting firms cpa firm Account accounted 124

Going Concern

NOVEMBER 4, 2024

.” Australian federal police officers have commenced a search for documents at the headquarters of PwC Australia in response to the damaging tax leaks scandal. Treasury referred the matter – which relates to the sharing of confidential multinational tax proposals within the firm – to police in May last year.

Account 105

Account accounted accountant auditor 105

Going Concern

JANUARY 30, 2024

On July 11, 2023, SCP&H identified suspicious activity within an employee’s email account and a cloud-based data storage site used to store documents. Additionally, we notified federal law enforcement, the IRS, and state tax authorities of this event and we will also be notifying state regulators, as required. What Happened?

accounting firms 111

accounting firms Account accounted accountant 111

CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. The result: Drake wins this category again this year, showing the loyalty many professionals have for this company’s tax systems.

Technology 119

Technology accounting firms cpas Account 119

TaxConnex

FEBRUARY 3, 2022

Sales tax has evolved a lot in recent years. So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. Many events can ignite a sales tax audit. And why not? What if you get flagged? Are they happening more often?

audit 245

audit Sales Tax auditor 245

CPA Practice

FEBRUARY 8, 2024

Accounting firms employing cloud-based technology solutions experience higher levels of growth, but many are still grappling with how to harness the full power of such tools for strategic benefit. However, a very low number of firms – only 9% – believe they are maximizing the use and value of their current technology.

accounting firms 122

accounting firms Technology Account accounted 122

CPA Practice

OCTOBER 11, 2023

Public accounting firms in the United States reported strong top-line and bottom-line growth in their latest fiscal year results, driven by high demand for their services, according to a survey by the American Institute of CPAs and the Chartered Institute of Management Accountants. That rate eclipses the 4.2%

accounting firms 119

accounting firms Account accounted accountant 119

CPA Practice

JULY 16, 2024

Accounting is no exception. While some pundits say accounting has a dim future in the digital world of tomorrow, technologies such as cloud-based data management, process automation and advanced analytics are actually poised to further elevate accountants in new and empowering ways. Go to Part II of this two-part series.]

Technology 124

Technology accounting firms Account accounted 124

CPA Practice

JULY 3, 2024

By Brad Barkin Small accounting and financial services firms are facing escalating operation threats and vulnerabilities. Cybercrime is on the rise, with PwC reporting a 30% higher risk of cybersecurity attacks for financial firms. these issues can further exacerbate already overworked accountants.

Technology 128

Technology accounting firms Account accounted 128

BuildYourFirm

FEBRUARY 18, 2021

How important are Google Reviews for Accountants? Google Reviews for accountants are more important than ever. And if those are not good enough reasons to make Google Reviews a top priority for your accounting practice, here’s the best part – getting reviews on the world’s top search engine is absolutely free!

Account 236

Account accounted accountant Start-ups 236