article thumbnail

Meeting the Staffing Demands: How Automation is Transforming Accounting Firms

CPA Practice

With the continuous growth in the IRC’s complexity and the rising number of tax filings each year (at both the federal, state, and local levels), the likelihood of making an inaccurate filing is increasing to unprecedented levels; which in turn is stretching industry talent dangerously thin.

article thumbnail

How Offering Financial Planning Can Enhance Your Credibility as an Accountant

CPA Practice

According to the American Institute of CPAs, the demand for financial planning services is at an all-time high. Bureau of Labor Statistics predicts that the need for financial advisors will grow 15% between now and 2031. Clients will see that your expertise extends far beyond tax preparation. In fact, the U.S.

Account 105