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How AI transformed the tax and accounting profession in 2023

ThomsonReuters

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. This not only enhances the efficiency of tax and accounting processes but also improves the overall quality of financial reporting.

Tax 101
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Mastering the art and science of exceptional client service

ThomsonReuters

Jump to: The role of emotional intelligence (EQ) in client relationships The evolution of client service in accounting firms Leveraging technology for enhanced client service Forward-looking accountants are increasingly realizing the importance of harmonizing technical tax expertise with interpersonal relationship skills.

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How will AI affect accounting jobs?

ThomsonReuters

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.

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Keeping staff happy: 4 ways firms can attract and retain accounting talent

ThomsonReuters

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. hours per week. Respondents said they would prefer to average 40.6

Account 98
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Partnering with the right AI-powered technology

ThomsonReuters

However, most tax and accounting professionals are unsure of how to effectively harness the power of AI, or even where to start. One important area where tax and accounting industry professionals can use generative AI is data entry automation. It can nurture greater collaboration between clients and accounting firms.

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Audit talent development: The ultimate strategy for recruitment, retention and firm growth

ThomsonReuters

From a shrinking talent pool to high turnover, the talent battle among accounting and audit firms continues to be a fierce one. All that said, many accounting and audit firms lack the time and resources to craft a thorough educational and professional development plan for staff.

audit 52
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Spotlighting Women in Advisory Practice: “Create a culture where everyone is happy,” says Alicia Shaul, CPA firm entrepreneur

ThomsonReuters

Alicia Shaul ’s path to accounting was less than traditional. A culture of happiness and growth In the six years after she became a CPA, Shaul worked at several accounting firms and experienced some less-than-ideal managers. As an undergrad, she majored in political science and pre-law. Clients loved this approach, Shaul says.