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What tech vendors can learn from CPAs

Accounting Today

In the first two parts of this series (here and here), we explored what accounting firms can learn from accounting technology vendors. Now, in a reverse Uno move, let's explore three ways vendors can learn from CPAs.

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Decisions 2024: The Opportunities for Accounting Firms Have Never Been Greater

CPA Practice

A Top Technology Initiative Article by Randy Johnston. The outlook couldn’t be brighter with new opportunities, technologies, challenges, and clients looking to take advantage of your service offerings. In this column, I will illustrate portal and AI support with some new platforms that are examples of improved automation and AI.

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The Best Tech for Accounting Firms: CPAs Voted for Readers Choice Tech Awards

CPA Practice

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. 60%) say they rely on the sales tax functions within their accounting system, or report client sales via their state’s website.

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Navan Launches Travel and Expense Management System for Accounting Firms

CPA Practice

Navan, a major provider of travel and expense management reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spend management for accounting firms supporting multiple clients, users, and products. There are more than 86,000 CPA and accounting firms in the U.S.

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The Best Tech for Accounting Firms: The 2024 Tax and Accounting Innovation Awards Announced!

CPA Practice

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. It’s an honor to share all of these new technologies with our readers each year.”

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The CPA Shortage Compels Accounting Firms to Embrace Digital Transformation

CPA Practice

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.

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Meeting the Staffing Demands: How Automation is Transforming Accounting Firms

CPA Practice

Over the past two years, more than 300,000 accountants and auditors have left their positions, marking a 17% decline from the peak of the profession a few years ago. The retirement of CPAs contributes to the shortage of qualified tax practitioners, with nearly 75% of the workforce in 2020 reaching retirement age, according to the AICPA.