ThomsonReuters

JANUARY 23, 2025

Jump to The benefits of GenAI Barriers to the integration of GenAI in tax and accounting Addressing barriers with AI-powered solutions Secure your firms future with AI integration In the rapidly evolving world of tax and accounting, generative AI (GenAI) is emerging as a powerful tool that can revolutionize the way professionals work.

accounting firms

ThomsonReuters

DECEMBER 4, 2024

Filing individual income tax returns can be a complex process, but with the right workflow, professional tax preparers and accounting firms can streamline the experience for both clients and staff. Harnessing technology for individual income tax return filing can transform the efficiency of accounting firms.

tax return

ThomsonReuters

DECEMBER 10, 2024

Jump to The transformative potential of AI in advisory Breaking through traditional pricing models Empowering teams through technology Challenges and considerations when adopting tech and AI Embracing technology to unlock advisory services Today, many forward-thinking accounting firms are driving business growth through advisory services.

Technology

CPA Practice

JULY 24, 2025

This white paper provides actionable steps and real-world examples to help you implement new strategies and grow your firm. Key takeaways Real-world outcomes: Learn from examples of firms that have successfully evolved how they price their services and are earning more from the same amount or even less work.

Technology

ThomsonReuters

DECEMBER 16, 2024

For small and medium-sized accounting firms, the benefits are substantial: increased revenue, competitive differentiation, and the ability to meet evolving client needs. Central to this transformation is recognizing the worth of your knowledge and that it shouldnt be given away for free.

cpas

ThomsonReuters

OCTOBER 31, 2024

This law addresses the pressing need to combat illicit activities like tax fraud and money laundering, often facilitated by anonymous shell companies. Let’s explore frequently asked questions, the key aspects of the CTA, its impact, and the benefits it offers to firms. White paper What to know about the Corporate Transparency Act?

Tax

CPA Practice

JULY 15, 2025

These buyers see opportunities to modernize operations, leverage technology, and implement new service models that traditional CPA firm owners may not have explored. This shift has opened the door for non-CPA buyers looking to enter the accounting profession. However, there has been a shift in the mindset.

cpa firm

ThomsonReuters

MARCH 20, 2025

From an unending stream of regulatory changes to increasing client demands, the accounting profession is in a constant state of change. Just as one tax season wraps up, the next is already on the horizon, bringing with it new rules, expectations, and challenges. The secret? Jump to 1. Manage your data effectively 3.

Tax

ThomsonReuters

DECEMBER 23, 2024

Jump to Understanding the shift to advisory An introduction to Practice Forward Leveraging the Practice Forward community and resources A proven roadmap to stand out in a competitive market Advisory services represent a growing area of opportunity for accounting firms, driven by changing client demands for proactive, value-added tax guidance.

accounting firms

ThomsonReuters

JULY 29, 2025

Jump to ↓ The challenge: Drowning in documentation The solution: SurePrep + UltraTax integration The results: Peace of mind and client growth A no-brainer investment When Josh Haislip took over his small CPA firm in Stanton, Texas, he knew he was inheriting more than just a client list. Request a demo to see how your firm can benefit today.

cpa firm

ThomsonReuters

DECEMBER 27, 2024

What should accountants look for in cryptocurrency audit software? The Public Company Accounting Oversight Board (PCAOB) emphasizes the importance of risk assessment and tailored audit responses when dealing with cryptoassets. Here’s what to look for in cryptocurrency audit software : AICPA SOC 1 & 2 audited tax software.

audit

ThomsonReuters

JULY 22, 2025

As more automation capabilities are woven into tax and accounting firm workflows, robotic process automation (RPA) and more recently, agentic AI , are among the solutions in the technology toolbox. How accountants can use RPA and agentic AI Will AI agents replace RPAs?

Technology

ThomsonReuters

MARCH 3, 2025

Understanding firms’ need for change The accounting landscape is undergoing significant changes. Talent shortages, AI-powered tax technology , and increasing client demands are reshaping the profession. They seek efficient and tax-effective operations, making advisory services a crucial part of modern accounting practices.

accountant

ThomsonReuters

JULY 30, 2025

This is a question that tax and accounting professionals must consider as clients try to navigate today’s rapidly changing environment. Jump to ↓ Why do clients leave accountants? Today’s firms cannot become complacent. Times are changing; your clients are looking for clarity. Those that do, risk losing clients.

accountant

ThomsonReuters

APRIL 21, 2025

For the GOP, reconciliation is the ticket to extending key Tax Cuts and Jobs Act (TCJA) provisions, funding border security, and making cuts to mandatory spending programs. trillion deficit increase for tax cuts and uses a current-policy baseline for scoring the extension of expiring TCJA provisions. In other words, the proposed $1.5

Tax

CPA Practice

OCTOBER 22, 2024

In this white paper, we break down the key federal payroll laws, explore important compliance insights, highlight the role of technology, and provide practical tips for maintaining compliance. federal payroll compliance is an ongoing process that requires vigilance and dedication.

payroll

ThomsonReuters

FEBRUARY 2, 2022

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. How to market tax and accounting services. Use case studies, white papers, and other educational content for marketing purposes.

accounting firms

ThomsonReuters

JUNE 16, 2023

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders.

accounting firms

ThomsonReuters

JULY 30, 2024

Historically, accounting firms have operated under a transactional billing model, providing once-a-year services primarily focused on tax compliance and reporting. To learn more about the impact of value-based pricing, download our recent white paper, The case for transitioning your firm to value-based pricing.

accounting firms

ThomsonReuters

AUGUST 3, 2023

In the rapidly evolving landscape of the tax and accounting industry, specialization has emerged as a solid differentiator, providing firms with a distinct competitive edge. Instead, firms are embracing specialization to tailor their expertise and solutions to match the unique requirements of their target clients.

accounting firms

ThomsonReuters

JUNE 16, 2023

Many of today’s tax and accounting practices are struggling with strained firm capabilities. Is your firm among them? Rising client expectations , an ever-changing regulatory environment , and the ongoing war on talent have left many of today’s firms grappling with strained bandwidth.

accounting firms

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. To learn more, let’s take a look at three ways accounting firms can use AI as a competitive advantage.

Technology

ThomsonReuters

JANUARY 14, 2022

Being an accountant means that work often comes in ebbs and flows. The tide moves in every quarter, and there is always tax season. A recent survey revealed that 82% of tax professionals identify as feeling burned out. It’s a significant issue for tax professionals and accountants. What is burnout?

Tax

ThomsonReuters

MARCH 10, 2023

If you’re a leader in a tax and accounting firm, you know the pain that disconnected teams, lack of visibility, and inefficient workflows can bring. You also may have heard of APIs; however, many accountants are unsure of what they are and how they can help simplify workflow and boost profitability. What are APIs?

Technology

ThomsonReuters

MARCH 15, 2023

Today, a growing number of private equity investors are entering the accounting market as they’ve discovered that investing in accounting firms can yield great returns. That is, if the firm is a good fit and has the right appeal. Accounting firms looking to attract investors should ensure their tech stack is up to date.

Technology

ThomsonReuters

FEBRUARY 24, 2023

This is due, in part, to a growing number of private equity firms entering the accounting market. As Allan D. Koltin, CEO of Koltin Consulting Group, explained, private equity firms perceive accounting firms as being low risk, high reward. The post What attracts investors to accounting firms?

accounting firms

PANALITIX

JULY 21, 2020

If you are competing on your ‘tax and compliance’ capabilities, it will be difficult to persuade prospects that you are different. A blend of written content (email newsletters, blogs, white papers) and video content (webinars, tutorials and leadership messages) is a good starting point. Communication.

accountant

CPA Practice

APRIL 26, 2023

The Pennsylvania Institute of Certified Public Accountants , the largest CPA association in Pennsylvania with over 20,000 members, has issued its latest Insights report. The report’s deep dive provides the latest data on compensation across titles, technology adoption, billing model breakdowns, M&A and more.

Pennsylvania

ThomsonReuters

FEBRUARY 29, 2024

Lanphier says she also knew an accounting degree would provide many job options. Upon completion of the joint-degree BBA and MS program, Lanphier was recruited by Deloitte to work in their international tax group. Dennis Lanphier, an attorney in addition to being an accountant, can handle complex tax situations.)

CPA

ThomsonReuters

JULY 30, 2024

Historically, accounting firms have operated under a transactional billing model, providing once-a-year services primarily focused on tax compliance and reporting. To learn more about the impact of value-based pricing, download our recent white paper, The case for transitioning your firm to value-based pricing.

accounting firms

ThomsonReuters

AUGUST 1, 2023

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. hours per week.

accountant

CPA Practice

OCTOBER 16, 2023

Tax season poses immense challenges for accounting firms. Many firms turn to outsourcing as a solution. So how can firms ensure they implement outsourcing in a way that enhances, rather than hampers, operations? Discover how the right domestic outsourcing partner can help optimize your tax season operations.

cpas

ThomsonReuters

FEBRUARY 26, 2024

Heath attended a private college and took the requisite courses to become a certified public accountant, finishing a five-year degree in four years, then eventually getting married and moving back home. Erin Heath, CPA Heath began reaching out to clients and by the end of the year, she had tripled her tax revenue from the previous year.

CPA

ThomsonReuters

AUGUST 3, 2023

As a result of the explosion of new tools and software available, accounting firms have a significant opportunity to improve their reputational status through enhanced advisory service offerings. Changes to indirect taxes are raising questions and organizational challenges.

Technology

ThomsonReuters

MAY 24, 2023

Faced with increased client expectations and strained bandwidth, today’s accounting firms are in critical need of greater automation and streamlined workflows. Teribery added, “It is pre-built so [firms] don’t need the IT resources. with RESTful Web APIs to retrieve and update tax information.

accounting firms

ThomsonReuters

JUNE 16, 2023

Is your firm running its gears on outdated accounting technology? However, firms looking to remain competitive and drive greater profitability must pause to reflect on how they can work smarter and faster. Is staff spending too much time on tax research and keeping pace with legislative changes?

Technology

ThomsonReuters

JUNE 15, 2023

You work to improve your tax and accounting firm — increase profitability, expand into new areas, and find a better work-life balance. Tax firms are feeling the pressure of changing tax regulations, along with clients who expect greater accuracy and faster responses in the digital age.

Technology