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

CPA Practice

The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Sifting through what is in the market and coming to market, it is clear that tax preparation will be more profitable than ever.

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Tax workflow for accounting firms: Best practices and automation tips

ThomsonReuters

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. To achieve this, many forward-looking accountants and tax preparers are shifting toward a fully digital tax workflow.

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Rapidly Growing an Accounting Firm: An Interview with Glenn Hetzel

PANALITIX

Rapidly Growing an Accounting Firm: An Interview with Glenn Hetzel. Hetzel & Associates, CPAs spoke frankly and clearly on the many challenges and opportunities related to growing an accounting business. The post Rapidly Growing an Accounting Firm: An Interview with Glenn Hetzel appeared first on. LEARN MORE.

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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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How to efficiently file a business tax return: A workflow guide for accounting firms

ThomsonReuters

Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. Sole proprietorship : Income statements, expense reports, and details of any personal expenses separate from business expenses for Schedule C.

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Baker Tilly partner explains the power of automation in tax preparation

ThomsonReuters

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. To learn more about how to implement automation in your firm, read the full interview with Michele Donohue.

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How can your small size firm use GenAI?

ThomsonReuters

Jump to ↓ How GenAI empowers small accounting firms Practical steps for integrating GenAI into small firm operations Are you ready to integrate GenAI into your small accounting firm? This minimizes manual effort, reduces errors, and accelerates tax preparation.