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Sales Tax Automation Mistakes

TaxConnex

Whether you manage it all internally, work with a CPA, or use an outsourced provider or technology, you know that there are many moving parts. Automating part or all of the sales tax process is sometimes necessary to maintain compliance. However, in my experience, sales tax automation can be counterproductive in certain situations.

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Tech news: FloQast automates with AI

Accounting Today

Plus, Settle offers three-way matching for purchase orders; Modern Treasury introduces Professional Services offering; and other accounting tech news.

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In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant. There were about 1.65 in 2022, up 1.3%

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96% of Accountants Think Automation is Essential for Profession

CPA Practice

A new study on how accounting professionals feel about their profession, job satisfaction, and automation has found that, while they are overwhelmingly positive about the profession, there is a clear need for more automation. 88% emphasize the importance of AI and machine learning in shaping the industry’s future.

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No, Robots Are Not Taking Over Your Job: A Discussion on Balancing People and Tech in Automation

Speaker: Michael Ly, CEO of Reconciled, and Chris Elmore, UNCC Professor and Chief Evangelist of AvidXchange

The common fear about automation today is the belief it will displace millions of jobs. While it could make certain functions obsolete, a more optimistic view is that automation enables people to re-center their workday on more essential, purposeful functions. But technology is only as good as the people it serves.

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Tech news: Accounting tech space sees major acquisitions this week

Accounting Today

Accounting tech space sees major acquisitions this week; Bitwave releases Data Fusion tool for digital assets; TaxValet gains B-corp status; and other accounting tech news.

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Tech Pivot Success for Accounting Firms – Part I

CPA Practice

From mitigating unprecedented business disruptors to adapting to new operational paradigms, professionals in all industries find themselves dealing with major changes — many of them driven by emerging technologies. [Go Accounting is no exception. Go to Part II of this two-part series.]

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Crafting Your Accounting Innovation Strategy

Speaker: Donny C. Shimamoto, CPA.CITP, CGMA

Tired of everyone telling you that you need to modernize your accounting operations, but not telling you how to actually do it? While automation technologies come with some cost, they greatly reduce manual labor and risk of error when integrated well.

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Digital Transformation in Accounting: Why It’s Essential for Modern Firms

Accounting firms must embrace digital transformation to stay competitive. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence. Competitive Edge: Attract tech-savvy clients and offer innovative services with digital tools.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up!