ThomsonReuters

FEBRUARY 28, 2024

Alicia Shaul ’s path to accounting was less than traditional. A culture of happiness and growth In the six years after she became a CPA, Shaul worked at several accounting firms and experienced some less-than-ideal managers. After some lengthy research, she found her answers through the advisory platform Practice Forward.

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

Cherry Bekaert

FEBRUARY 13, 2024

Governmental Accounting Standards Board (GASB) Statement No. 100, Accounting Changes and Error Corrections, an amendment of GASB Statement No. This accounting pronouncement is intended to streamline the reporting of accounting changes and error corrections, as well as the related disclosures in governmental financial reporting.

Account 96

Account accountant accounted accounting principles 96

ThomsonReuters

APRIL 25, 2024

Jump to: Unravel tax law complexity with AI-powered tax research Alleviate workload pressures with AI-powered workflows Prioritize well-being and renewal Strengthen client relationships by shifting to an advisory model Has a stressful tax season left you reeling? But amidst the struggle, there is good news.

Tax 52

Tax tax preparation tax planning auditor 52

Cherry Bekaert

FEBRUARY 23, 2024

The Governmental Accounting Standards Board (GASB) recently issued Statement No. Danny Martinez, Managing Director and Government & Public Sector Accounting Advisory Lead, hosted Scott Anderson, Assurance Director, and Anthony Walsh, Assurance Senior Manager, to dive into the challenges, changes and key considerations for GASB 101.

accounting standards 93

accounting standards Government financial statements audit 93

ThomsonReuters

JULY 6, 2023

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. But what accounting advisory services should your firm offer?

Account 98

Account accountant accounted tax return 98

CPA Practice

APRIL 23, 2024

Christianson PLLP joined has joined CLA Global Limited (CLA Global), an organization comprised of independent accounting and advisory firms, as an alliance member in the United States. Based on reported 2021 fee income, Accountancy Age ranked CLA Global 15th among the top global accounting and advisory organizations in the world.

Minnesota 59

Minnesota accounting firms Agriculture Account 59

ThomsonReuters

JULY 6, 2023

As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. From advising on mergers and acquisitions to specializing in accounting and advisory in your clients’ specific industry, there are many ways to take advantage of this unique opportunity.

accounting firms 98

accounting firms Account accountant accounted 98

TaxConnex

NOVEMBER 22, 2022

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. Another cost-effective approach to adding sales and use tax advisory services: partnering with sales and use tax experts. Review the sales tax payable account.

accounting firms 130

accounting firms Sales Tax tax return 130

ThomsonReuters

JULY 6, 2023

If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. Why are so many accountants quitting?

Account 98

Account accountant accounted accounting and finance 98

CPA Practice

SEPTEMBER 25, 2023

By Sandy Petty, CPA, CGMA, PHR, SHRM-CP Determining the right pricing strategy for advisory services is a science and an art. It involves an understanding of your clients’ unique needs, the complexities of their business, the value your firm is offering and bringing to the table, and the competitive landscape.

audit 113

audit accounting and finance accounting firms CPA 113

GrowthForceBlog

DECEMBER 22, 2023

6 min read The client advisory services (CAS) industry is growing, and many traditional accounting firms are beginning to offer client advisory and/or client accounting services to keep up with the trend and grow their practices.

accounting firms 82

accounting firms Account accountant accounted 82

ThomsonReuters

AUGUST 3, 2023

As a result of the explosion of new tools and software available, accounting firms have a significant opportunity to improve their reputational status through enhanced advisory service offerings. Capturing the application of this knowledge, and charging for it, is a key focus of advisory services and value-based pricing.

Technology 98

Technology accounting firms Tax Account 98

CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 114

Illinois Pharmaceutical E-commerce audit 114

ThomsonReuters

MARCH 8, 2024

As busy accountants, it’s easy to get stuck in survival mode. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability? How can you build your service offerings to better serve your clients and grow your CPA firm through accountability?

cpa firm 96

cpa firm CPA Technology Tax 96

TaxConnex

NOVEMBER 15, 2022

Many certified public accountants (CPAs), enrolled agents and other tax preparers and professionals that run accounting and tax preparation firms are constantly looking for new advisory avenues to service clients. government affairs at Wolters Kluwer Tax & Accounting wrote on Accounting Today. “It

accounting firms 130

accounting firms Sales Tax Account 130

CPA Practice

SEPTEMBER 27, 2023

For accounting firms, automation gathers scattered information and turns it into valuable insights. A new report from BILL shows how accounting firms are winning at automation. Of the nearly 1,200 accountants who were surveyed, more than two in five (43%) say they are already using accounting software with automation capabilities.

accounting firms 122

accounting firms Technology Gaming accounts payable 122

CPA Practice

MAY 30, 2023

Clients want more from your firm than basic accounting and compliance work. In fact, a recent report from Thomson Reuters found that 95% of surveyed accounting firms said their clients want more advisory services. Promoting advisory services isn’t as complicated as you think. Be active on your accounts.

Education 124

Education basic accounting accounting firms Account 124

ThomsonReuters

JULY 20, 2023

As technology continues evolving, the demand for advisory services has grown exponentially. In response, Thomson Reuters has created an Advisory Report Quiz as an easy way for CPA advisors to assess where their firm stands in its advisory journey and take actionable steps towards elevating their practice.

CPA 98

CPA cpa firm cpas Tax 98

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients?

Account 88

Account accountant accounted tax return 88

CPA Practice

MARCH 4, 2024

Progressive accountants know that advisory services are the future of accounting. We’re seeing a major shift in the industry from traditional accounting to a consulting role. Taking on an advisory role will not only improve your year-round cash flow but will also help you better serve your clients.

tax planning 52

tax planning CPA Tax Construction 52

CPA Practice

APRIL 19, 2024

Christianson PLLP, an accounting firm headquartered in Willmar, Minnesota, has joined as an alliance member of CLA Global. CLA Global Limited is an organization comprised of independent accounting and advisory firms. The firm has six offices and more than 80 staff members.

Minnesota 52

Minnesota accounting firms Agriculture Account 52

CPA Practice

NOVEMBER 27, 2023

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. This merger allows us to strengthen our position as a leading CPA firm while enriching our advisory services. Terms of the deal were not disclosed. The firm had revenue of $31.2

cpa firm 105

cpa firm CPA Florida tax planning 105

ThomsonReuters

FEBRUARY 8, 2024

Jump to: Unlocking the power of advisory tools Deliver advisory engagements with Checkpoint Edge Advisory Maps Grow your firm with Practice Forward Advisory tools have emerged as transformative forces in the tax and accounting profession, empowering firms of all sizes to deliver efficient and effective services to their clients.

Tax 52

Tax Account accountant accounted 52

CPA Practice

APRIL 1, 2024

Top 200 accounting firm Stambaugh Ness has acquired Left Brain Professionals, a Westerville, OH-based accounting and advisory firm serving government contractors, effective April 1. In conjunction with the acquisition, Stambaugh Ness has launched an Outsourced Accounting Services (OAS) for Government Contractors practice area.

Government 52

Government accounting system accounting firms Tax 52

Cherry Bekaert

APRIL 16, 2024

The Governmental Accounting Standards Board (GASB) recently issued Statement No. Numerous risks loom over state and local governments, which could impair their service delivery or hinder their capacity to fulfill obligations in a timely manner. 102, which adds new disclosure requirements for governments.

Government 52

Government accounting standards financial statements audit 52

ThomsonReuters

MARCH 21, 2023

Instead, when a client asks a question that is beyond the scope of the agreement , use it as an opportunity to put advisory services at the center of your client relationships. There is a difference between offering free advice and offering advisory services. It’s probably happened to you before.

CPA 97

CPA Tax tax return accounting firms 97

CPA Practice

JANUARY 19, 2024

Accounting Thought Leaders Say CAS Will Become a Must for Firms in 2024 As technology continues to dramatically shape the accounting profession, the latest big conversations have been around AI and automation. The Role of Accounting in CAS 7. Pricing CAS Services 4. Or is it CAS (Client Advisory Services)?

accounting firms 78

accounting firms Account accountant accounted 78

ThomsonReuters

FEBRUARY 27, 2024

Sandy Heit’s path to owning her own accounting firm was a bit unconventional — and ultimately involved her love for photography. She pursued accounting due to a combination of a love for math and heeding her mother’s advice to have a stable job. Owning a business provided many lessons which she would utilize in her life to come.

cpa firm 52

cpa firm accounting firms accounting careers CPA 52

CPA Practice

JULY 31, 2023

Professionals on the Move is a round-up of recent hiring and promotion announcements from across the accounting space. He provides accounting and assurance services to both public and privately held companies, primarily those within the construction and manufacturing sectors. Deatrick joined the firm in 2009.

Real Estate 97

Real Estate West Virginia Manufacturing audit 97

ThomsonReuters

APRIL 30, 2024

Jump to: The role of emotional intelligence (EQ) in client relationships The evolution of client service in accounting firms Leveraging technology for enhanced client service Forward-looking accountants are increasingly realizing the importance of harmonizing technical tax expertise with interpersonal relationship skills.

Technology 52

Technology accounting firms financial statements Tax 52

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. That’s why many accountants are embracing the profitable shift to tax advisory services. That’s why many accountants are embracing the profitable shift to tax advisory services.

Tax 98

Tax tax return income tax audit 98

CPA Practice

DECEMBER 13, 2023

Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. You just need to have the right conversations in place to introduce additional value.

Tax 105

Tax tax preparation managerial accounting bookkeeping 105

CPA Practice

MARCH 29, 2023

The accounting profession has been seeing a shift over the last few years where firms are moving away from compliance and leaning into providing advisory services year round. There are a multitude of reasons you should consider offering advisory services to your firm, including: Stronger Relationships with Clients.

tax return 105

tax return Technology Tax accounting and finance 105

ThomsonReuters

NOVEMBER 9, 2023

In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Many firms are shifting their hunt for talent beyond the traditional accounting background. There is no doubt that tax professionals are hard to find, let alone replace.

tax planning 105

tax planning accounting firms Tax Account 105

CPA Practice

APRIL 11, 2024

CohnReznick LLP , an advisory, assurance, and tax firm, has established a new Digital advisory practice. Key Digital service offerings include AI and automation consulting, cloud application solutions, data and analytics, and digital strategy and transformation advisory.

NetSuite 52

NetSuite Technology accounting and finance Finance 52

CPA Practice

MARCH 10, 2023

Accountants have more tools at their fingertips to grow their advisory services than ever before, and the pandemic underlined the importance of using those tools to help their clients. Today’s accountants are helping their clients navigate a rapidly changing labor and regulatory landscape. By Max Pearlstein.

payroll 105

payroll accounting firms Tax Account 105

Cherry Bekaert

OCTOBER 3, 2023

In this episode of Cherry Bekaert’s Digital Journeys podcast series, Pamela Butler , Salesforce Architect for our Digital Advisory services, and Tertius Eksteen , Senior Manager of Digital Advisory services, discuss their perspectives on Dreamforce 2023. Schedule your assessment here.

California 102

California Technology Account accountant 102