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Can accounting firms move into sales tax advising?

TaxConnex

Compliance work has historically been the bread and butter of accounting firms (no matter how often they complain about the U.S. But increasingly accounting and CPA firms look to expand into advisory services, becoming what the profession has long termed “a trusted advisor.” Tax Code and the IRS). What’s next? “It

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Webinar: IT Guide for Accounting Firms: Security, Compliance, and Outsourcing

CPA Practice

In addition to ongoing security and compliance needs, accounting firms face unique challenges when recruiting and retaining employees, offshoring, and increasing operational efficiencies. Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor.

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Accounting firms and sales and use tax advising: Perfect together?

TaxConnex

In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. Mark Friedlich, CPA, vice president of U.S. Partnering with an expert allows CPA firms to expand offerings without having to do the work within the firm.

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H&CO Acquires Orlando CPA Firm Grennan Fender

CPA Practice

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. The leadership teams of H&CO and Grennan Fender will work closely to ensure a smooth transition for clients, the firms noted in a news release. Terms of the deal were not disclosed.

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Finding Qualified Staff Is the Top Issue Facing Most CPA Firms In 2024

CPA Practice

This week at the ENGAGE conference in Las Vegas, topline results of the Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey were revealed during the AICPA Town Hall. What was discussed were the biggest issues facing accounting firms of differing sizes in 2024—and which of those challenges were the most common.

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How to Use ChatGPT to Create Forms and Templates for Accounting Firms

CPA Practice

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.

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What Private Equity Means for Accounting Firms: Thought Leaders Explore Pros and Cons

CPA Practice

Audit firms cannot be owned and operated by non-CPAs, therefore firms that accept majority outside investment, or are hoping to attract it in the future, generally must organize their audit/attest practice independently from their tax/advisory/consulting side, allowing for PE investment in the latter.