ThomsonReuters

JANUARY 12, 2023

If you work in the professional services sector, you’re well aware of the rise of automation. For those of us in the tax and accounting profession, we’ve witnessed the amazing time savings and efficiency automation can bring—and audit is no exception. . The same holds true for audit technology. .

Technology 52

Technology audit auditor Tax 52

MyIRSRelief

APRIL 29, 2024

This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees. These firms understand the unique challenges faced by LA’s diverse entrepreneurial landscape, from tech startups in Venice Beach to established family-run restaurants in Koreatown.

Tax 130

Tax bookkeeping Account accountant 130

Ryan Lazanis

NOVEMBER 9, 2022

This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. Find out the latest tools to help you streamline and automate your work.

Technology 98

Technology Account accountant accounted 98

TaxConnex

FEBRUARY 27, 2024

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?

Sales 219

Sales Tax Account accountant 219

Accounting Insight

JUNE 13, 2023

How can AI and automation help small accountancy practices provide a better service? The commodification of AI is also happening in accountancy: small and medium-sized firms are beginning to embrace the technology, which was previously the preserve of the Big Four. The benefits are broad.

Technology 52

Technology Account accountant accounted 52

CPA Practice

MAY 29, 2024

In today’s accounting landscape, accounting firms face myriad challenges. Additionally, time constraints and data security concerns add to the complexity of accounting processes, creating additional hurdles for firms to navigate. By David Osborne, Chief Executive Officer, Caseware International.

Account 52

Account accountant accounted Technology 52

ThomsonReuters

APRIL 30, 2024

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.

Technology 52

Technology accounting firms financial statements Tax 52

CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

Technology 122

Technology accounting and finance Tax CPA 122

CPA Practice

MAY 2, 2023

An overwhelming majority of accountants attribute their clients’ business success to real-time financial data. According to a new survey commissioned by Intuit QuickBooks, 93% of accountants said real-time financial insights are important to business success. It can become the cornerstone to a successful firm consulting strategy.

quickbooks 104

quickbooks Technology bookkeeping tax planning 104

Going Concern

MAY 2, 2024

FTE Accountant | Candidate ID #16071602 Certifications: NA Education: BA Accounting in progress Experience (years): 7+ years of overall experience Work experience (detail): Currently with a public accounting firm Services 15+ monthly clients and 75+ quarterly clients Team leadership and work review experience Prepares 100+ returns during tax season (..)

Real Estate 57

Real Estate Account accountant accounted 57

ThomsonReuters

DECEMBER 8, 2023

As technology has evolved, so too has the accounting profession. From paper-based processes to cloud-based software, accountants are no strangers to change. No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence.

Account 108

Account accountant accounted Technology 108

ThomsonReuters

MAY 16, 2024

For accounting firms, GenAI offers the ability to streamline processes, boost efficiency, and derive meaningful insight from client data. When it comes to tax research, it also opens the door to instant access to guidance on tax law and related analysis, revolutionizing the way accountants approach their work.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

APRIL 11, 2024

From a shrinking labor pool to ever-changing tax regulations to increased client demands, many accounting firms are dealing with high turnover and burnout amongst their staff members. The dawn of AI has the potential to revolutionize the tax and accounting profession by enhancing efficiency, accuracy, and insights.

Account 52

Account accountant accounted Technology 52

CPA Practice

APRIL 17, 2023

During the pandemic and since, however, accounting professionals and firms have implemented many new technologies that are helping them provide more and better client services, even with fewer staff. But even basic tax planning can make a big difference in reducing future tax liability.

quickbooks 130

quickbooks payroll Technology audit 130

CPA Practice

APRIL 19, 2023

As a leader in your firm, you likely have ambitious goals to impact your clients’ bottom lines and grow your firm. But to reach those objectives, you need a team, and that’s becoming increasingly difficult to find if you’re hiring accountants. You’ll also have far fewer people leaving the firm due to burnout.

Technology 124

Technology CPA tax return auditor 124

ThomsonReuters

JANUARY 12, 2023

So, what can accountants do to prepare for crypto audits? . Understand crypto technology. Blockchain technology enables accountants and auditors to access crypto information in real time—without having to wait for clients to provide data on their transactions. . Implement crypto tax reporting software.

audit 52

audit tax preparation Technology tax planning 52

ThomsonReuters

JULY 6, 2023

Not so long ago, manual data entry dominated an entry-level accountant’s day—from formatting financial statements to entering trial balance data. Accounting advisory services include a variety of engagements—from tax planning and strategy to counsel on tax-related legislation—and centers on your unique knowledge and experience.

Account 98

Account accountant accounted accounting and finance 98

ThomsonReuters

FEBRUARY 9, 2024

Addressing income equality: The Tax Excessive CEO Pay Act targets corporations with high CEO-to-worker pay ratios to narrow income disparities. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly. What does this mean for my firm?

Tax 110

Tax tax return Technology income tax 110

Ryan Lazanis

APRIL 10, 2022

In this guide, I’m going to outline what the future of accounting looks like for accounting firms and how to best prepare for it in 2022. This guide will cover trends that are happening at this very moment and specific strategies that you can use right now to better prepare you and your firm for the future.

Account 111

Account accountant accounted Technology 111

Going Concern

MAY 5, 2023

AI In Accounting KPMG Australia expands KymChat to search manuals and policies [ iTNews ] KPMG Australia has updated its generative AI technology KymChat to search across its quality and risk manual and independence policies. Pajamas forever! US candidates only, please. Richard Blumenthal (D-Conn.) and Ron Johnson (R-Wis.)

audit 106

audit cpas auditor Mississippi 106

Snyder

JULY 13, 2022

The accounting industry has undergone some serious technical changes due to technological advancements but first and foremost due to a global pandemic. Accounting firms have been forced to drastically change working environments and the way they work, as well as reconsider the services they provide. Contents: 1.

Account 105

Account accountant accounted cpas 105

ThomsonReuters

APRIL 4, 2022

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff.

Tax 98

Tax Technology tax preparation tax return 98

ThomsonReuters

JULY 6, 2023

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. Start your journey to accounting advisory services today.

Account 98

Account accountant accounted tax return 98

CPA Practice

FEBRUARY 28, 2023

This year’s participants include five early-stage companies pursuing a variety of solutions in audit, accounting, tax and e-commerce. The Startup Accelerator supports the growth of early-stage technology companies benefiting the accounting and finance ecosystem.

E-commerce 52

E-commerce Technology Texas cpa firm 52

CPA Practice

MAY 9, 2024

It is based on OpenAI’s GPT (Generative Pre-trained Transformer) technology and is trained on a vast amount of public code repositories, making it capable of generating code snippets that align with the task at hand.” What challenges does Copilot solve for accounting firm marketers?

cpa firm 73

cpa firm CPA payroll Technology 73

CPA Practice

JANUARY 31, 2024

The vast majority of professionals no longer provide “one and done” tax preparation services during tax season; instead, they work with their clients year-round to ensure they are using proper tax planning strategies to reduce their liability year after year. According to the CPA Journal , the average age of a U.S.-based

Tax 50

Tax Account accountant accounted 50

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. Let’s take a look at the basics. What is accounting advisory? Traditionally, the revenue model for accounting firms has been a function of tax compliance transactions completed.

Account 88

Account accountant accounted tax return 88

ThomsonReuters

JUNE 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you know that differentiating yourself from the competition is always top of mind. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust.

tax return 93

tax return Tax bookkeeping services Technology 93

CPA Practice

JULY 25, 2023

Field of Study: Business Management and Organization Register Today Presented by Ryan Lazanis , CPA founded Xen Accounting, a 100% cloud-based accounting firm, in 2013. Dawn Brolin is The Designated Motivator for Accounting Professionals and the CEO of Powerful Accounting, Inc.

Account 52

Account accountant accounted Indiana 52

Going Concern

DECEMBER 8, 2023

The CAQ surveyed 748 audit partners at eight of the largest accounting firms about conditions for their clients. The standard for the auditor confirmation process was adopted by the Public Accounting Oversight Board in September, replacing an interim rule enacted more than 20 years ago. The SEC approved the standard on Dec.

cpas 103

cpas Account accountant accounted 103

Going Concern

JUNE 16, 2023

Last week, PwC named at least 67 current and former staff involved in the leak of government tax plans. Accountants love their jobs. Sixty-nine percent say they experience job satisfaction, and 82% would recommend their career to young professionals, according to recent QuickBooks data from a survey of 2,000 US accountants.

Technology 92

Technology quickbooks accounting and finance Tax 92

CPA Practice

JUNE 8, 2023

Thomas Austin Scholarship, Personal Financial Planning Distinguished Service Award, Sid Kess Award and Standing Ovation awards for both Personal Financial Planning and Technology Advisory. Joseph is a highly experienced CPA/PFS with many years of experience in the accounting field. Awards presented include the P.

cpas 98

cpas CPA forensic accounting Education 98

ThomsonReuters

FEBRUARY 8, 2022

A rise in tax regulations, globalization, an influx of innovative technologies, and a greater demand for “always on” access makes it an exciting time for tax and accounting professionals to be in business. One significant trend sweeping the tax profession is the rise of value-added services.

Tax 105

Tax Entertainment payroll bookkeeping 105

CPA Practice

DECEMBER 11, 2023

Create an Action Plan for Adding Advisory Services Your action plan will outline how you plan to add advisory services to your firm. For example, if you offer tax planning, your client will likely need financial planning, too. First, start by reviewing where your firm is at right now.

Technology 45

Technology CPA Start-ups tax planning 45

Going Concern

NOVEMBER 25, 2022

KPMG Australia appoints first-ever head of metaverse future [ Accounting Today ]. KPMG has appointed software engineer and tech entrepreneur Alyse Sue as its new head of metaverse future, with the goal of creating a multimillion-dollar business based on metaverse technology and cryptocurrency over the next two years.

audit 92

audit Account accountant accounted 92

ThomsonReuters

JUNE 15, 2021

Thomson Reuters Onvio® is our new cloud-native platform for tax and accounting firms. Time Saving and Waste Elimination : Here we are focusing on automating and integrating. Additional tax planning tools – calculators, client guidance FAQs, and informative Checkpoint® content streams – will be included.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

JANUARY 12, 2023

Amidst a complex audit environment, today’s accountants have many opportunities to take advantage of technology and specialize in up-and-coming focus areas. With cloud-based technology, audit accountants can securely access their audit online, from anywhere, and seamlessly collaborate with stakeholders in real time.

audit 52

audit auditor Technology Government 52