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Baker Tilly partner explains the power of automation in tax preparation

ThomsonReuters

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence.

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The Best Tech for Accounting Firms: CPAs Voted for Readers Choice Tech Awards

CPA Practice

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. We call these tools that fill in the gaps or help increase your firm productivity, “specialty systems.” WINNER: TheTaxBook – Tax Materials Inc.

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4 financial consulting services accounting firms should quickly add

ThomsonReuters

Many accounting firms provide invaluable services that go far beyond tax prep and financial reporting. For small to mid-size accounting firms that want to explore other revenue streams, accounting consulting services can be a great place to start. 3. Audit management.

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Meeting the Staffing Demands: How Automation is Transforming Accounting Firms

CPA Practice

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. The Role of Automation Automation and advanced softwares are reshaping the way work is conducted within public accounting firms.

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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

In addition to defrauding his clients, the TPB said that Mr Carter did not meet his own tax obligations, citing failures to lodge tax returns, activity statements, superannuation guarantees and SMSF returns on time. He also failed to pay over $1 million in outstanding tax debts he and his accounting firm, Carter’s Tax Advisory, owed.

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Marketing for accounting firms: individuals vs. small businesses

ThomsonReuters

the potential market available to tax and accounting firms is massive. Here are a few ways you can market your firm’s services to individuals and small businesses. Build a referral system that allows or even incentivizes your clients to recommend your accounting firm to others. Prevent audits.

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Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

Former employee of Chattanooga accounting firm speaks out [ Local 3 ] A former employee of Croft and Frost is speaking out following the accounting firm’s shutdown that cost him and his coworkers their jobs. economy, including employment, labor income, and tax contributions to federal, state, and local governments.

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