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Meeting the Staffing Demands: How Automation is Transforming Accounting Firms

CPA Practice

The demand for skilled tax practitioners in the accounting profession has never been more critical. It provides essential services due to the complexity of tax laws and the importance of offering valuable tax-saving advice to clients; and that’s just the tax half of the industry. By Richard Lavina and Ralph Carnicer.

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Legal Tax Expert Discusses AI in IRS Auditing and the Future of the ERC

ThomsonReuters

“I think that’s where I’m more worried about it,” James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, began. ” However, there is some uneasiness about the use of AI in IRS audits by not realizing the full picture of a tax return. Will practitioner guidance change?

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How Offering Financial Planning Can Enhance Your Credibility as an Accountant

CPA Practice

Bureau of Labor Statistics predicts that the need for financial advisors will grow 15% between now and 2031. Another client may want to reduce their tax burden while also ensuring they leave a legacy long after they’re gone, so your assistance with tax and estate planning allows them to sleep well at night knowing you’ve helped them do both.

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