ThomsonReuters

NOVEMBER 26, 2024

To achieve this, many forward-looking accountants and tax preparers are shifting toward a fully digital tax workflow. Let’s take a look at what a digital tax workflow is all about and how it can unlock efficiencies for your accounting firm. What is tax workflow automation? What is tax workflow automation?

accounting firms 52

accounting firms Technology Tax tax preparation 52

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. Technology also gives staff real-time access to their data, from anywhere at any time. By Cameron White.

accounting firms 139

accounting firms CPA Technology accountant 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. Technology also gives staff real-time access to their data, from anywhere at any time. By Cameron White.

accounting firms 135

accounting firms CPA Technology accountant 135

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Now in their 21st year, the awards highlight technologies that advance the profession. Up to five additional products are also selected by the committee as award finalists. Award winners and finalists are presented alphabetically.

Technology 124

Technology accounting firms accountant accounted 124

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. And following dire budget conditions during and following the pandemic, states have greatly increased their sales tax audit activity.

Technology 119

Technology accounting firms cpas accountant 119

CPA Practice

JULY 16, 2024

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. Adding other technologies to the mix only increases the potential value.

Technology 124

Technology accounting firms accountant accounted 124

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. Plus, earn free CPE credit! Join us for best practices and a live demo.

Tax 116

Tax Indiana Technology CPA 116

CPA Practice

MAY 19, 2023

Technology tools for your firm’s stack continue to improve and innovate. Please check out our podcast coverage of tools at The Technology Lab. What Are the Practice Areas and Tools That Can Affect Your Practice and Tech Stack? The accounting profession is undergoing a rapid digital transformation.

Technology 130

Technology accounting firms payroll audit 130

CPA Practice

FEBRUARY 8, 2024

As financial first responders, accountants often find themselves under immense pressure that is only amplified by the busy tax season. To alleviate accountants’ tedious—but essential—tasks, firms must adopt automation technology, an increasingly essential resource in the profession.

Technology 111

Technology accounting firms accountant accounted 111

CPA Practice

OCTOBER 8, 2024

According to a new report from top six accounting firm BDO USA, company finance leaders are expecting technology like artificial intelligence to be used by their external auditors now to enhance their audit engagement and consider it the second-most important factor when choosing an audit firm.

audit 143

audit Finance auditor Technology 143

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do smaller accounting firms use AI? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. How many accounting firms use AI? How does AI impact workflow?

accounting firms 111

accounting firms Technology accountant accounted 111

CPA Practice

OCTOBER 10, 2023

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. Automation has emerged as a crucial and necessary tool rather than a luxury, and the development of these resources is revolutionizing the way firms operate.

Technology 105

Technology accounting firms accountant accounted 105

Acterys

DECEMBER 20, 2023

Accounting firms provide financial management services to businesses, including advisory services, bookkeeping, tax preparation, and auditing. IBM found that 60% of organizations sped up investments in digital technologies because of the pandemic. Automation is a key component of this transformation.

accounting firms 130

accounting firms Finance accountant accounted 130

ThomsonReuters

DECEMBER 10, 2024

Jump to The transformative potential of AI in advisory Breaking through traditional pricing models Empowering teams through technology Challenges and considerations when adopting tech and AI Embracing technology to unlock advisory services Today, many forward-thinking accounting firms are driving business growth through advisory services.

Technology 52

Technology CPA Tax tax preparation 52

CPA Practice

AUGUST 26, 2024

But there is good news: as the accounting industry continues to embrace technology, this has included a shift toward automating and streamlining operations. Chief among the uses for automation in accounting are functions like accounts payable, accounts receivable, and spend & expense management.

Technology 115

Technology accountant accounted Account 115

ThomsonReuters

MARCH 3, 2025

While advanced tax technology and automation are nothing new for most accounting firms, the introduction of agentic AI is redefining what classifies as a mundane task. With agentic AI, accountants can automate complex pieces of the tax return process. So, what are the practical use cases?

Tax 64

Tax accountant accounted Account 64

Going Concern

JANUARY 3, 2025

Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Technology Heres What PwCs New AI Head Thinks About AI at Work [ AP via Inc. ] Technology Heres What PwCs New AI Head Thinks About AI at Work [ AP via Inc. ] M&A Aprio Expands into Midwest with Acquisitions of KRD, Ltd.

auditor 98

auditor audit Rhode Island cpa firm 98

CPA Practice

APRIL 9, 2024

The adoption of a new product or technology tends to follow a familiar cycle. Before we reach the final stage where the technology is widely adopted, we pass through a period of uncertainty, where we wonder if this technology will be too helpful — to the point of being a threat to job security. By Irana Wasti.

Technology 119

Technology accountant accounted Account 119

CPA Practice

MARCH 7, 2023

The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. understanding technology options and associated risks). Here’s what you need to know.

Technology 137

Technology CPA cpas audit 137

CPA Practice

JANUARY 23, 2023

With markets changing and capital becoming more constrained by the day, there is a rapidly heightened awareness of the role that due diligence and audits play. Getting there will require not only new technologies — but new approaches to human capital as well, but both are beginning to emerge just at the right time. By Tod McDonald.

audit 124

audit auditor forensic accounting Technology 124

CPA Practice

DECEMBER 19, 2023

In an era where AI, particularly generative AI, is reshaping industries, small accounting firms stand at a crossroads. As we approach 2024, the integration of AI into accounting practices is not just an opportunity for an advantage, but a necessity. Training your team on the importance of data integrity and security is vital.

accounting firms 124

accounting firms accountant accounted Account 124

Going Concern

SEPTEMBER 7, 2023

Business growth is always a high priority for accounting firms, especially small-to-midsize practices. Simply copy and paste the content below, print it out on some nice letterhead, invent a way to send letters to abstract concepts, apply appropriate postage, and—BOOM—your accounting firm will be growing sustainably in no time!

accounting firms 122

accounting firms Technology accountant accounted 122

Going Concern

MARCH 10, 2025

KPMG thinks it’ll save money, open up new opportunities, and be better equipped to make widespread technology investments by consolidating local firms in its international network. Said KPMG UK chief executive Jon Holt at the time, “This marks a historic moment for both firms. billion MechaKPMG.

Technology 90

Technology audit accounting firms accountant 90

CPA Practice

SEPTEMBER 11, 2024

Sangeeta Chhabra Efficiency and speed matter more than ever in today’s business environment—and for the majority of accounting firms. These services scale IT infrastructure to help accountants speed up accounting services, manage the workforce, adhere to global compliances, and lower operational costs.

accounting firms 111

accounting firms accountant accounted Account 111

CPA Practice

AUGUST 11, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the 2023 Accounting Firm Operations and Technology Survey (AFOT). Welcome to Technology Lab. Today we’d like to talk to you about the accounting firm Operations and Technology Survey. Use the podcast player below to listen.

Technology 98

Technology accounting firms accountant accounted 98

CPA Practice

MARCH 15, 2023

They often focus their efforts to maximize the eventual sales value of the acquired business via a combination of targeted acquisitions of other firms, capital investments, expansion into profitable niches, waste reduction, tech adaptation, streamlining and other measures. What size accounting firms are private equity groups eyeing?

accounting firms 132

accounting firms accountant accounted Account 132

Going Concern

MAY 30, 2024

Says the ICAEW report: While some accountancy firms favour lower-risk organic growth, the mid-tier has been active in using M&A for growth to meet client demand. The majority of respondents (64%) confirmed that their firm had acquired another in the past and 17% had been part of a merger. So this is interesting.

accounting firms 118

accounting firms accountant accounted Account 118

CPA Practice

NOVEMBER 19, 2024

By Jeff Gramlich, CPA, CITP In today’s audit landscape, we’re witnessing the early stages of an AI revolution. Before AI can transform audit, we need to solve the fundamental challenge of making financial data flow freely and consistently across systems. Create audit trails that make decision-making transparent and accountable.

auditor 52

auditor audit Technology CPA 52

CPA Practice

JULY 9, 2023

the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner.

audit 111

audit auditor Technology financial statements 111

ThomsonReuters

NOVEMBER 8, 2022

Today’s accountants must not only be up to date on the latest tax regulations, but also understand accounting technology and how it can be leveraged to boost efficiency, accuracy, and productivity. How is information technology used in accounting? Today, technology has changed the accounting industry.

Technology 98

Technology accountant accounted Account 98

TaxConnex

FEBRUARY 27, 2024

For respondents, the staffing struggle also meant curtailing business growth (19.23%), more errors in sales tax calculation (17.58%), more frustration from existing staff (21.43%) and, perhaps scariest, a growing lack of confidence in being prepared for an audit (22.53%). How to fill the need?

Sales 264

Sales Tax accountant accounted 264

Going Concern

NOVEMBER 1, 2024

Audit Private Equity’s Ties to Companies’ Auditors Have Never Been Closer. accounting firms will have either sold an ownership stake or part of their business to private-equity investors, up from zero in 2020, said Allan Koltin, chief executive at advisory firm Koltin Consulting Group. That Worries Some Regulators.

audit 52

audit Florida auditor accounting firms 52

Going Concern

AUGUST 9, 2024

With that in mind, Accounting Today recently conducted its inaugural salary survey to create a snapshot of compensation levels across the country. The university said it would post a corrected version of the audit “as soon as possible.” Bet it’s super disruptive and unique and truly speaks to the spirit of this firm.

accounting firms 104

accounting firms accountant accounted Account 104

Ryan Lazanis

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide.

Technology 98

Technology accountant accounted Account 98

ThomsonReuters

JULY 25, 2023

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence. Let’s take a look.

tax preparation 98

tax preparation Technology Tax accounting firms 98

CPA Practice

FEBRUARY 9, 2023

AuditClub, the Audit Service Center, and AuditFile, developer of the award-winning cloud-based audit automation platform, will collaborate to combine audit technology with fractional auditors to ease the challenges faced by CPA firms and internal audit teams in performing audits and reviews.

audit 105

audit auditor cpa firm CPA 105

ThomsonReuters

NOVEMBER 9, 2023

In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Many firms are shifting their hunt for talent beyond the traditional accounting background. Think about your firm’s daily workflow. Boost staff productivity.

tax planning 105

tax planning accounting firms Tax accountant 105