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Meeting the Staffing Demands: How Automation is Transforming Accounting Firms

CPA Practice

The Talent Pipeline Shortage In the past, public accounting experienced a natural cycle of employees moving up the ranks as older, established CPAs met retirement age. The Role of Automation Automation and advanced softwares are reshaping the way work is conducted within public accounting firms.

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Spring Budget 2024 – Transport and Logistics Sector Commentary

Menzies

Menzies LLP - A leading chartered accountancy firm. The sunset dates will be extended to: 30 September 2031 for special tax sites in respect of English Freeports 30 September 2034 for special tax sites in respect of Scottish Green Freeports and Welsh Freeports Air Passenger Duty will be increased for non-economy passengers.

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Extending Outsourcing Contracts Can Alleviate Shortage of CPAs

CPA Practice

accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. Paula Laurenti, Key Accounts Manager at SAPRO.

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CPAs to Clients: The IRS is Coming for Cryptocurrency

CPA Practice

Most of our clients are dabbling in it through platforms like Robinhood Crypto,” said Elizabeth “Li” Connolly, a firm partner. The IRS’s strategic operating plan for 2023 through 2031 lays out the agency’s intention to ramp up enforcement action related to digital assets, according to Green Tree, PA-based accounting firm H2R CPA.

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Friday Footnotes: PwC Slashes Partner Class; Accounting Firm Rescues Dog; Do We Still Need CPAs? | 4.19.24

Going Concern

consulting partners by more than 50% compared with last year as demand for advisory services continues to slow and the firm reorganizes its business lines. The Big Four accounting firm is considering adding about 85 U.S. Ardoino stated, “None of the Big Four firms are willing to audit us.”

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From electric vehicles to solar panels: recommending “go-green” tax incentives to accounting clients

ThomsonReuters

However, if the House and Senate versions of BBB are any indication of how legislators feel about this credit, there is a very good chance that it will be renewed in the future; both versions increased the credit percentage and extended it through 2031. Nonbusiness energy property credit for energy-efficient improvements.

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