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Tax, Accounting and Legal Pros are Cautiously Optimistic about Generative AI

CPA Practice

Artificial intelligence has been the focus of significant discussion within many professions, among them accounting, tax and legal. Furthermore, about half (52%) of all respondents believe that generative AI should be used for legal and tax work. What are the perils?

Legal 122
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Protecting tax accounting information: Best practices for IT professionals in data security and confidentiality

ThomsonReuters

How IT professionals can protect tax information at accounting firms 2. A modern approach to tax data security 3. How are firms using modernized technology? Accounting firms are entrusted with a wealth of sensitive financial data, including tax records, income statements, and other confidential information.

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In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

For respondents, the staffing struggle also meant curtailing business growth (19.23%), more errors in sales tax calculation (17.58%), more frustration from existing staff (21.43%) and, perhaps scariest, a growing lack of confidence in being prepared for an audit (22.53%). How to fill the need? What will be their reaction to the new workload?

Sales 219
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Accounting Thought Leaders Discuss the Real Impact of AI on Accounting Firms

CPA Practice

In July, more than 20 of the profession’s thought leaders met for the virtual Avalara Accounting Meta Influencers roundtable discussion of how AI will likely impact accounting firms and their clients, and to start developing best practices firms can embrace to best optimize its potential benefits.

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Beyond tax season: creating revenue stability year-round

ThomsonReuters

But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year. Why revenue stability is important for small and mid-sized tax and accounting firms. Filing quarterly employment taxes. Find better office space options.

Tax 102
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Unity Partners Completes Platform Investment in NDH

CPA Practice

Unity Partners LP (“Unity Partners”), a principles-based middle market investment firm, has partnered with the leaders of NDH LLC to provide strategic growth capital for the business. NDH is actively adding key talent and pursuing opportunities to partner with other leaders of great tax, accounting and advisory businesses. “In

Legal 52
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Accounting Websites: 43 Examples for Modern Firms

Ryan Lazanis

Explain what sets you apart from other accounting sites and how your services address the specific needs of your target audience. If you don’t include a clear value proposition in your website design, you risk leaving visitors confused about what sets your accounting firm apart from others. and Canada.

Account 98