ThomsonReuters

JANUARY 24, 2023

Driven by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products, companies are increasingly setting their sights on ESG-related initiatives, such as audit certification. In fact, an article by global management consulting firm McKinsey and Co.,

audit 59

audit auditor Tax accounting firms 59

CPA Practice

APRIL 26, 2023

The Pennsylvania Institute of Certified Public Accountants , the largest CPA association in Pennsylvania with over 20,000 members, has issued its latest Insights report. The report’s deep dive provides the latest data on compensation across titles, technology adoption, billing model breakdowns, M&A and more.

Pennsylvania 52

Pennsylvania public accounting accounting firms Account 52

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? In fact, a recent survey by Accounting Today found that half of the firms surveyed said they plan to boost their spending on technology in 2023. How do you know when your accounting technology is outdated? What are the risks of using outdated accounting software?

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

JANUARY 12, 2023

Historically, auditors spent weeks out in the field holed up at the headquarters of the company undergoing an audit. Thanks to advancements in technology — such as cloud-based solutions, teleconferencing, data-sharing platforms, and drones with cameras — remote audits are possible as long as the right tools and policies are in place. .

audit 52

audit auditor Technology Account 52

ThomsonReuters

AUGUST 3, 2023

In the rapidly evolving landscape of the tax and accounting industry, specialization has emerged as a solid differentiator, providing firms with a distinct competitive edge. Enhancing reputation and credibility Specialization builds a reputation for excellence and credibility within the accounting industry.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

OCTOBER 31, 2023

Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception.

accounting jobs 52

accounting jobs accountant jobs accounts jobs Account 52

Accounting Insight

SEPTEMBER 14, 2023

ACCA commends FRC’s proposed changes as the accountancy body supports major overhaul of code in light of exponential change and disruption facing companies High quality corporate governance drives performance and accountability. Read ACCA’s submission here. You can register for a free ticket here.

Government 59

Government Account accountant accounted 59

CPA Practice

JUNE 29, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Now, Brian claims that he is a recovering auditor, I don’t think you ever get audit blood out of yourself at least listening to him, that’s for sure. So I want you to know here that the world of audit is changing rapidly.

Technology 52

Technology audit general ledger Start-ups 52

ThomsonReuters

APRIL 2, 2024

million from Ohtani’s bank account. However, this account was later disavowed, and Ohtani’s law firm stated that he had been the victim of a “massive theft.” Newsletter Top Reads – Tax Professionals Join us each month as we explore the role and impact of AI on tax, accounting, and audit professionals.

Gambling 105

Gambling Sports Legal Tax 105

ThomsonReuters

JULY 11, 2023

Accounting firms turn to a three-tiered approach to uncover opportunities Accounting firms are severely impacted by the dynamic post-pandemic economy. While the fundamentals of accounting remain the same, the processes and skill sets required to execute them are changing. According to Revelio Labs Inc.,

Technology 73

Technology Account accountant accounted 73

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.

cpa firm 52

cpa firm accounting firms accounting careers CPA 52

ThomsonReuters

JANUARY 29, 2024

Today’s accounting firm leaders are constantly grappling with two pivotal challenges: attracting top-tier talent and holding on to the people they have. By integrating advanced software solutions, firms can streamline their operations and send a clear message: they are prepared to evolve and adapt to the future of accounting.

Technology 52

Technology accounting degree tax preparation cpa firm 52

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. To learn more, let’s take a look at three ways accounting firms can use AI as a competitive advantage.

Tax 97

Tax Technology accounting firms income tax 97

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? Accounting firms face an array of challenges, such as new technologies, increased client demands, legislative changes, and staffing constraints.

cpa firm 96

cpa firm CPA Technology Tax 96

ThomsonReuters

FEBRUARY 5, 2024

The accounting profession is currently navigating through a transformative era. The work of accounting professionals has meaning and purpose, but we need to do a better job of articulating it. The post Unleash the power of tax automation appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Technology 40

Technology Tax cpa firm audit 40

ThomsonReuters

MARCH 20, 2024

If you are tasked with gathering those receipts, “you’re looking at a very sizable quantity of data,” she says—data involving billions of transactions throughout the audit period. Learn how tax automation can transform the omnichannel retail experience in our recent white paper.

Retail 52

Retail Tax Technology auditor 52

ThomsonReuters

JULY 25, 2023

And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. – Wing: Companies that have multiple business systems for billing, purchasing, payroll, and accounting typically got there by stitching piecemeal legacy systems and departments together over time.

Technology 93

Technology Tax audit Sales 93

ThomsonReuters

JANUARY 9, 2024

In addition, organizations may need to plan for adding to internal resources and upskilling existing tax teams, higher audit fees, and increased external advisory costs. To find out more about how GMT could impact your organization, and how to mitigate the risks, read our white paper on Pillar Two.

Tax 88

Tax Technology income tax audit 88

ThomsonReuters

MARCH 13, 2023

More recently, in April 2022, New Mountain Capital announced a majority investment in professional services firms Citrin Cooperman.  These investments marked a notable transformation in the profession, with the realization among private equity firms that investing in large accounting firms can yield great returns.

Technology 59

Technology accounting firms Tax audit 59

ThomsonReuters

OCTOBER 24, 2023

In addition, as businesses become more globalized, accountants must be able to account for transactions in multiple currencies,” wrote Benjamin Wann, owner of Asheville, N.C. accounting software, payroll, etc.) This is especially true in accounting and finance roles. based CFO Consultants, in a blog post.

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

NOVEMBER 15, 2021

With so many rules in flux, and so much uncertainty surrounding indirect tax rates, tax leaders are naturally concerned that their companies may inadvertently make mistakes that result in government audits , penalties, or some sort of public controversy. White paper: The Future of Tax Departments.

E-commerce 52

E-commerce Technology Tax corporation tax 52

ThomsonReuters

AUGUST 24, 2021

For example, external audits are typically triggered by reporting errors, incorrect tax calculations, or anomalies – such as issued resale certificates or non-remission of use tax – that invite regulatory scrutiny. Reduce sales tax compliance liabilities from audits. Conduct more thorough self-audits.

Technology 52

Technology Sales Tax audit 52

ThomsonReuters

DECEMBER 13, 2021

First, something bad happened — for example, a negative audit, penalties — which raised awareness that time was being wasted on correcting errors, or that pressure from tax authorities to digitize had to be taken seriously. White paper: Get access to your indirect tax data for faster analytics and reporting.

Technology 52

Technology Tax corporation tax audit 52

ThomsonReuters

FEBRUARY 23, 2024

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? Sales tax audits are laborious, complex, data-intensive events that almost all companies must endure at some point.

audit 52

audit Sales Tax auditor 52

ThomsonReuters

JANUARY 16, 2024

How mobile apps meet client expectations Streamlining your 1040 source document collection According to a recent survey by Protiviti and The Institute of Internal Auditors (IIA) , almost 75% of respondents, including 82% of technology audit leaders, view cybersecurity as a high-risk area, and with good reason.

audit 64

audit auditor Technology Construction 64

CPA Practice

JULY 6, 2023

Because someone that I’ve known for quite a few years, Mark Edmondson who is the CEO in flow, produced a white paper called The audit technology ecosystem, the audit technology ecosystem. And I think that the whole audit space is going to be complete almost unrecognizable five years from now.

Technology 98

Technology Government audit quickbooks 98

ThomsonReuters

MARCH 19, 2024

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same.

audit 52

audit Sales Tax auditor 52

Anders CPA

MAY 31, 2022

Accounting data, just like data in almost any other context, is a beast that you end up spending a lot of time manually fighting with in order to get any value from it. Then, once or twice a year, you’re in a mad rush to reconcile all of this and figure out what you did wrong – or what you must do to pass an audit or do your taxes. #2:

accounting and finance 96

accounting and finance cpas Finance accounting software 96

CPA Practice

OCTOBER 6, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the latest trends in practice management for accounting firms. Mark Edmondson from inflow, wrote a great white paper on the audit technology ecosystem, and even if you don’t do audits, I want you to go download it, okay?

Technology 52

Technology Account accountant accounted 52

ThomsonReuters

AUGUST 25, 2021

One can talk all day about the benefits of automation – more efficient operations, more accurate tax calculations , clean data, fewer audits, less stress on IT, etc. – White paper: Essentials to building a winning business case for tax technology. White paper: Why IT managers should care about indirect taxes.

Technology 52

Technology Tax corporation tax E-commerce 52

PYMNTS

JULY 11, 2019

The main buzz surrounded the cryptocurrency itself, but the Libra white paper also held a pair of sentences that painted Facebook’s intentions in a new light: “An additional goal of the association is to develop and promote an open identity standard. Can Facebook Be Trusted To Secure Financial Data?

audit 49

audit Government Maine Account 49

ThomsonReuters

DECEMBER 31, 0001

So instead of reporting aggregated or summarized data long after the event (so-called, post-audit), as in VAT return or VAT listing, companies must be capable of electronically generating and exchanging data in a way that can both automate invoice processing and tax reporting.

Technology 52

Technology Government Tax corporation tax 52