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Managing strained accounting firm capabilities

ThomsonReuters

Firm resources often include, but are not limited to: Employees Technology solutions and other business equipment Working space Capital to pay employees, obtain office space, purchase technology, etc. The accounting profession is no stranger to long work hours and hefty workloads, especially during busy tax season.

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Exploring key 2024 tax bill proposals

ThomsonReuters

Webinar How to utilize generative AI to excel your tax and accounting services Learn how GenAI can help you create new insights, solutions, and opportunities for yourself and your clients. As these proposals progress, it will be interesting to see how they shape the future of taxation in the United States.

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How to attract private equity investment to your firm

ThomsonReuters

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.

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What is Schedule K-1?

ThomsonReuters

K-1s are sometimes confused with Form 1099s, which are tax information documents for individuals who are not employees, like sole proprietors and freelancers. K-1s, however, are quite different and can come with some complexities for tax and accounting firms. from the partnership for the tax year.

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The Technology Lab Podcast – Review of Audit Technology Trends – July 2023

CPA Practice

And so, you know, I start watching the dollars on a trial balance for a business tax return. And it’s like, oh, really the odd I’m thinking quite a few firms aren’t going to swallow Brian F. White Paper, is it had an amazing appendix called audit architecture map. Tankersley, CPA.CITP, CGMA 10:18 that.

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Three ways to ignite productivity and morale at your firm

ThomsonReuters

Small and mid-sized accounting firms are increasingly grappling with the need to do more with less, often putting staff at risk of burnout and weighing down productivity. But what if you could boost your firm’s efficiency and morale at the same time? No more manually detecting blank fields or numbers that don’t add up.