ThomsonReuters

JUNE 28, 2023

In a rapidly changing and increasingly competitive business environment, it is essential for audit firms to stay ahead of the curve and remain competitive. What is the role of innovation in auditing? Innovation is a crucial element of any successful business, and the auditing process is no exception.

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ThomsonReuters

DECEMBER 16, 2024

Implement a quarterly security audit 4. Keep your clients updated with your data protection As the integration of generative AI (GenAI) technology becomes increasingly prevalent in the tax and accounting industry, ensuring data security is paramount. Jump to 1. Use data encryption when working with clients 2.

Tax 52

Tax audit accounting firms Education 52

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. Boost tax workflow efficiency through automation Empower and engage staff Wow clients with enhanced services 1.

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Technology Tax accounting firms income tax 97

ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. How to market tax and accounting services. You can do this online through blogs, white papers, webinars, and podcasts, or offline through speaking engagements and networking opportunities. Turning tax clients into full-service clients.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

FEBRUARY 23, 2024

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? When and how should tax systems be upgraded? Why is it important to be proactive toward sales tax audits?

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audit Sales Tax Technology 52

CPA Practice

JULY 6, 2023

Because someone that I’ve known for quite a few years, Mark Edmondson who is the CEO in flow, produced a white paper called The audit technology ecosystem, the audit technology ecosystem. And I think that the whole audit space is going to be complete almost unrecognizable five years from now.

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Technology Government audit quickbooks 98

ThomsonReuters

JANUARY 9, 2024

Designed to prevent the practice of moving profits to lower tax jurisdictions, under the new “Pillar Two” rules , companies whose revenues exceed €750m will have to pay a minimum tax rate of 15% in each country where they do business. We already have Excel and tax provision software, so why can’t we use that?

Tax 88

Tax Technology income tax Legal 88

ThomsonReuters

JULY 25, 2023

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

Technology 93

Technology Tax audit Sales 93

ThomsonReuters

JANUARY 24, 2023

Driven by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products, companies are increasingly setting their sights on ESG-related initiatives, such as audit certification. In fact, an article by global management consulting firm McKinsey and Co.,

audit 59

audit auditor Tax accounting firms 59

ThomsonReuters

MARCH 19, 2024

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? Contesting the audit means going through a complex decision tree, the steps of which are detailed below.

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audit Sales Tax auditor 52

ThomsonReuters

JANUARY 16, 2024

How mobile apps meet client expectations Streamlining your 1040 source document collection According to a recent survey by Protiviti and The Institute of Internal Auditors (IIA) , almost 75% of respondents, including 82% of technology audit leaders, view cybersecurity as a high-risk area, and with good reason.

audit 64

audit auditor Technology Construction 64

ThomsonReuters

APRIL 2, 2024

While the exact details of the investigation remain undisclosed, the IRS’s involvement suggests potential tax evasion and money laundering charges. In the case of the investigation into Shohei Ohtani’s former interpreter, the IRS’s involvement suggests that there may be evidence of tax evasion or money laundering.

Gambling 105

Gambling Sports Legal Gaming 105

ThomsonReuters

SEPTEMBER 3, 2024

The 2024 Generative AI in Professional Services research conducted by the Thomson Reuters Institute provides a comprehensive overview of the burgeoning role of GenAI across various professional sectors, including legal, tax, accounting, risk, and government. AI’s impact on audit jobs and billing Despite the optimism, there are concerns.

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auditor audit tax accountant Tax 72

ThomsonReuters

MAY 23, 2024

From a shrinking talent pool to high turnover, the talent battle among accounting and audit firms continues to be a fierce one. For firms looking to attract and retain top talent , one factor rises to the top: audit talent development. Enter AuditWatch , a comprehensive audit training and consulting for accounting professionals.

audit 52

audit auditor Technology Education 52

ThomsonReuters

DECEMBER 10, 2024

However, the dawn of AI-powered tax technology offers a unique opportunity to overcome these barriers. By automating routine tasks and enhancing tax research, AI empowers accountants to deliver proactive tax strategies that engage and retain clients, while also boosting revenue.

Technology 52

Technology CPA Tax tax preparation 52

ThomsonReuters

SEPTEMBER 30, 2024

← Blog home Amidst a changing landscape, audit professionals at all levels have significant questions about the future of audit and the role that technology like AI plays. Forrestall CPAs is a leading metro Atlanta CPA firm offering a full range of services, including audit. Are you ready for the future of audit?

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audit auditor cpa firm CPA 52

ThomsonReuters

DECEMBER 4, 2024

Filing individual income tax returns can be a complex process, but with the right workflow, professional tax preparers and accounting firms can streamline the experience for both clients and staff. Harnessing technology for individual income tax return filing can transform the efficiency of accounting firms. Jump to: 1.

tax return 52

tax return income tax accounting firms Tax 52

ThomsonReuters

JANUARY 12, 2023

Historically, auditors spent weeks out in the field holed up at the headquarters of the company undergoing an audit. Thanks to advancements in technology — such as cloud-based solutions, teleconferencing, data-sharing platforms, and drones with cameras — remote audits are possible as long as the right tools and policies are in place. .

audit 52

audit auditor Technology Account 52

Anders CPA

MAY 31, 2022

Then, once or twice a year, you’re in a mad rush to reconcile all of this and figure out what you did wrong – or what you must do to pass an audit or do your taxes. #2: Download our Next-Generation FP&A White Paper. Each department has its own spreadsheet and software. 2: Expectations Don’t Meet Reality.

accounting and finance 96

accounting and finance cpas Finance accounting software 96

ThomsonReuters

AUGUST 3, 2023

In the rapidly evolving landscape of the tax and accounting industry, specialization has emerged as a solid differentiator, providing firms with a distinct competitive edge. As a result, projects are completed more efficiently, and clients experience faster turnaround times for their accounting and tax needs.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

MARCH 8, 2024

Over the past decade, the Partner Summit has given hundreds of tax professionals a unique opportunity to learn how to build a more progressive firm. Unless you make a real shift in the way that you’re doing things, you’re only building on your own pain as you continue to grow your tax practice.

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cpa firm CPA Technology Tax 96

ThomsonReuters

MARCH 20, 2024

Tax professionals involved in omnichannel retail industries face an unprecedented number of challenges these days. Calculating sales tax across different retail channels is complex due to various regulations, frequent changes in product data, and outdated systems, especially with increasing sales volume and shrinking budgets.

Retail 52

Retail Tax Technology auditor 52

ThomsonReuters

NOVEMBER 7, 2024

finance, tax, e-commerce, sales, marketing, human resources—are integrated and run. Tax’s contribution to the planning conversation is important because tax is one of the heaviest users of data in a large organization.

Tax 52

Tax Technology E-commerce accounting and finance 52

ThomsonReuters

JUNE 16, 2023

Is their current technology a drain on efficiency and profitability? As outlined in the Thomson Reuters white paper “ Mind the gap: Identifying gaps in your software this tax season ,” there are several indicators to help firms determine if their accounting technology is outdated and in need of a refresh.

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Technology Account accountant accounted 98

ThomsonReuters

NOVEMBER 15, 2021

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. For all too many managers, their days are filled with the stress of keeping pace with various changes in the indirect tax space. Indirect taxes: Much more than just a process.

E-commerce 52

E-commerce Technology Tax corporation tax 52

CPA Practice

JUNE 29, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Now, Brian claims that he is a recovering auditor, I don’t think you ever get audit blood out of yourself at least listening to him, that’s for sure. So I want you to know here that the world of audit is changing rapidly.

Technology 52

Technology audit general ledger Start-ups 52

ThomsonReuters

SEPTEMBER 20, 2024

Jump to ↓ The challenges of an outdated indirect tax workflow What are the benefits of implementing indirect tax software? Let’s take a look at the current indirect tax landscape and how implementing indirect tax software can streamline workflows and give your firm a competitive edge. Time savings. Improved compliance.

Technology 52

Technology Tax Gaming audit 52

ThomsonReuters

AUGUST 24, 2021

To build a persuasive business case for sales tax software , professionals need to explain how automating certain tax functions and improving reporting and analysis will benefit the company as a whole. In other words, don’t tell your CEO why tax software is a wise investment – show them.

Technology 52

Technology Sales Tax audit 52

ThomsonReuters

AUGUST 25, 2021

Not all companies think about indirect tax automation in the same way, and different companies are at different stages in their technological journey. Watch our free on-demand webinar, Taking tax automation to the next level: Practical tips for automated companies. The 3 levels of indirect tax automation.

Technology 52

Technology Tax corporation tax E-commerce 52

ThomsonReuters

OCTOBER 24, 2023

Data is king in today’s fast-paced world of finance and tax. Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. Fortunately, tax departments are not powerless. based CFO Consultants, in a blog post. based CFO Consultants, in a blog post.

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

FEBRUARY 5, 2024

Unleashing the power of tax automation One of the most promising solutions today is the growing opportunities for tax automation. The benefits of embracing tax automation include: Enhanced efficiency. The post Unleash the power of tax automation appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Technology 40

Technology Tax cpa firm audit 40

ThomsonReuters

DECEMBER 13, 2021

For indirect tax teams, the question of whether and when to invest in more tax technology often looms large, depending on the size of the organization and the immediate challenges facing the department. So when is the right time to invest in indirect tax automation ? Get ahead of indirect tax problems.

Technology 52

Technology Tax corporation tax audit 52

ThomsonReuters

JULY 11, 2023

Firms are faced with the external challenges of meeting new client demands, increasing compliance pressures, and tax law changes. Adjusting to a shrinking accounting talent pool Accounting and audit firms, including the SEC, find talent pipelines shrinking on both sides. According to Revelio Labs Inc.,

Technology 73

Technology Account accountant accounted 73

CPA Practice

APRIL 26, 2023

The State of Pennsylvania Accounting Firms in 2023 is a comprehensive white paper conveying critical insights for practitioners while highlighting the challenges and opportunities facing Pennsylvania accounting firms and the industry more broadly.

Pennsylvania 52

Pennsylvania public accounting accounting firms Account 52

ThomsonReuters

JANUARY 29, 2024

This is where technology, particularly tax automation, plays a pivotal role. The role of tax automation Automation is a strategic asset in recruitment and retention. Automated tax processes standardize workflows, reduce manual errors, and significantly reduce the time spent on repetitive tasks.

Technology 52

Technology accounting degree tax preparation cpa firm 52

ThomsonReuters

SEPTEMBER 26, 2024

As audit firms struggle to keep pace with rising client expectations and market realities, cloud-based audit technology becomes essential. Top challenges for audit firms and how cloud-based audit technology can provide relief Talent shortage Recruiting and retention is a crucial area of focus for audit firms.

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audit auditor Technology financial statements 40

ThomsonReuters

FEBRUARY 27, 2024

Upon graduating, she worked at Deloitte for four years, mostly in tax, which included a six-month rotation in auditing. Her goal was to focus on strategic tax planning and compliance for small business owners, as well as providing a workplace where women could have the work-life balance she lacked at other accounting firms.

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cpa firm accounting firms accounting careers CPA 52