Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

tax preparation 86

tax preparation CPA payroll tax Illinois 86

ThomsonReuters

JANUARY 31, 2022

More than 200 countries use the HS to categorize trade products in over 5,000 commodity groups. Customs authorities rely on the HS to collect trade tariffs, guide tax policy, establish rules of origin, and collect data on virtually every aspect of cross-border trade. “It’s Overcoming classification obstacles. Are companies ready?

Technology 98

Technology Virginia Tax Account 98

ThomsonReuters

FEBRUARY 8, 2021

In the digital age, tax executives must shift from traditional tax roles in order to be ready for changes that are coming to the industry. The challenge for tax professionals is finding the time to focus on strategic objectives when their plates already are filled with traditional tax functions.

Technology 52

Technology Tax tax return Account 52

CPA Practice

JANUARY 12, 2024

But one of the one of the major things I think that needs to be said about it is that the major the major AI initiative that TR is chasing is the is incorporating sure preps document and information ingesting process on the front end of a tax return. And so they’re trying to use automation technology. Now, don’t ask me how I know this.

Technology 40

Technology Account accountant accounted 40

ThomsonReuters

MARCH 10, 2023

If you’re a leader in a tax and accounting firm, you know the pain that disconnected teams, lack of visibility, and inefficient workflows can bring. You also may have heard of APIs; however, many accountants are unsure of what they are and how they can help simplify workflow and boost profitability. What are APIs?

Technology 59

Technology accounting firms Tax Account 59

PYMNTS

DECEMBER 19, 2016

Chetty and his team did that by gaining access to the anonymized tax returns of people in their mid-30s over a 40-year period between 1940 and 1980. The resulting productivity gap is something that even the brightest of economic minds haven’t been able to fully explain, much less prescribe a solution to overcome.

Retail 88

Retail Education B2C Gaming 88