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Decisions 2024: The Opportunities for Accounting Firms Have Never Been Greater

CPA Practice

Sifting through what is in the market and coming to market, it is clear that tax preparation will be more profitable than ever. The trend: tech (both AI and non-AI) is taking the pain out of tax prep. Your firm can connect all types of standard and non-standard data sources!

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How predictive modeling can help accounting firms

ThomsonReuters

Highlights: Data analytics types : Useful data for predictive modeling includes historical financial data, operational data, customer data, market and economic data, and non-financial performance metrics. AI-powered algorithms build upon historical data, as well as external and non-financial data, to construct predictive models.

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UHY Receives Private Equity Funding From Summit Partners

CPA Practice

UHY is getting an injection of private equity funding from Boston-based investment firm Summit Partners, calling it a significant milestone in its growth and strategic development, the top 30 accounting firm said on Dec. With this deal, more than 35% of the top 30 accounting firms in the U.S.

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ESOP Accounting Firm CEO Talks Some S**t About PE-Backed Firms

Going Concern

More than one-fifth of respondents (21%) described the culture of their firm as family-like, and a further 17% as traditional, which may not be seen as a natural fit for PE investment. We should expect to see similar behavior with non-PE firms versus PE-funded ones. So this is interesting. ESOP growth He Called the Shit Poop!

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The Rise of Non-CPAs in CPA Firm Acquisitions

CPA Practice

The accounting profession is undergoing a significant transformation as more non-CPAs acquire CPA firms. While private equity firms buying large CPA practices may make headlines, a more impactful shift is happening beneath the surface. The Trend: Why Are Non-CPAs Buying CPA Firms?

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Statutory reporting: An overview

ThomsonReuters

Highlights: Statutory reporting ensures transparency and compliance by mandating financial and non-financial disclosures to regulatory bodies. Statutory reporting is the mandatory disclosure of financial and non-financial information by companies and organizations to designated government agencies and regulatory bodies.

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Making Tax Digital: A Wake-Up Call—And Window of Opportunity

Accounting Insight

By planning ahead and getting ready early, accountants can not only guide their clients through regulatory changes but also elevate their own digital capabilities by integrating their existing technology stack and adopting new ones to ensure a seamless workflow.

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