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How large tax and accounting firms can use AI

ThomsonReuters

Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI).

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Beyond Tax Season: How Accounting Firms Can Grow Sustainably

CPA Practice

Tax season is already in full swing and accounting firms across the country are working non-stop to meet the April filing deadline. However, many firms will struggle to keep their existing team busy when May rolls around and the last return has been filed. By Matt Bowen. Get your customer data in order.

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Crowe and Blue J Partner to Enhance GenAI-Enabled Tax Services

CPA Practice

Tax technology company Blue J announced on Oct. 22 an enterprise agreement with top 15 accounting firm Crowe in which Crowe will use Blue J’s flagship ​generative artificial intelligence ​product, Ask Blue J, to augment the firm’s current GenAI tools, bolstering both practitioner education and client outcomes.

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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.

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2024 Intuit Connect Conference Kicks Off in Vegas

CPA Practice

Conference activities centered around small business practices, advisory services, professional tax services, and accounting firm management will be held from October 28-30. Under his leadership, Intuit has transformed from a tax and accounting platform to the global financial technology platform.

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Governance and leadership dynamics in accounting firms need scrutiny

Accounting Today

The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.

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Strategic partnerships and alliances for accounting firms: how to drive growth by pairing up

ThomsonReuters

For many accounting firms, this could lead to new services being delivered or access to alternative market segments — both vital at a time when average revenue growth has slowed to 5.7% — the lowest in eight years according to the latest Rosenberg Survey. Types of partnerships that will benefit your tax and accounting firm.