CPA Practice

NOVEMBER 8, 2024

Brian Tankersley, CPA, and Randy Johnston review TaxGPT , an AI-powered tax assistant for accountants & tax professionals. The tech and accounting professionals that developed the TaxGPT co-pilot system says it can boost productivity by 10x. We’d like to talk about another AI based tax research tool called Tax GPT.

Technology 115

Technology accounted Account accountant 115

CPA Practice

NOVEMBER 12, 2024

Learn how Avalara integrates seamlessly with your existing tech stack, saving time, reducing costly errors, and hear firsthand from a firm that has supported clients through their tax compliance journey. He also co-founded Acuity Invests, which invests in accounting tech, SaaS, fintech, and crypto companies.

Technology 126

Technology Sales Indiana Tax 126

ThomsonReuters

MARCH 20, 2025

However, because of long-held perceptions of mundane work and long hours, accounting firms face challenges in attracting and retaining high-quality staff, especially as younger generations seek more flexible, technology-driven work environments. Technology investments alone, however, are not enough. Lets take a look.

accounting firms 71

accounting firms Technology Tax accounted 71

CPA Practice

SEPTEMBER 27, 2023

For accounting firms, automation gathers scattered information and turns it into valuable insights. It increases productivity and empowers firms to better advise their clients by putting the right data into the right hands at the right time. A new report from BILL shows how accounting firms are winning at automation.

Technology 122

Technology accounting firms Gaming accounts payable 122

ThomsonReuters

NOVEMBER 26, 2024

To achieve this, many forward-looking accountants and tax preparers are shifting toward a fully digital tax workflow. Let’s take a look at what a digital tax workflow is all about and how it can unlock efficiencies for your accounting firm. What is tax workflow automation? What is tax workflow automation?

Technology 52

Technology accounting firms Tax tax preparation 52

CPA Practice

DECEMBER 11, 2023

And no area of the firm’s strategy has been more impacted than information technology, especially with the advent of generative AI (i.e. This includes designating trainers/expertise within the firm to monitor developments, document learned practices, and drive the implementation of new technologies.

accounting firms 116

accounting firms Technology accounted Account 116

CPA Practice

NOVEMBER 12, 2024

Navan, a major provider of travel and expense management reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spend management for accounting firms supporting multiple clients, users, and products. There are more than 86,000 CPA and accounting firms in the U.S.

Expense Management 52

Expense Management accounting firms Technology accounted 52

CPA Practice

APRIL 7, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. Technology also gives staff real-time access to their data, from anywhere at any time. By Cameron White.

accounting firms 139

accounting firms CPA Technology accounted 139

CPA Practice

FEBRUARY 8, 2024

As financial first responders, accountants often find themselves under immense pressure that is only amplified by the busy tax season. To alleviate accountants’ tedious—but essential—tasks, firms must adopt automation technology, an increasingly essential resource in the profession.

Technology 111

Technology accounting firms accounted Account 111

CPA Practice

SEPTEMBER 14, 2023

I love talking to people who work in different industries than the one in which I work – tech – because they see the world differently, which enables me to learn new things from them that I can apply to my work. Some tech companies thought the answer was simply perks – Massages! Bring your dog to work!

accounting firms 108

accounting firms Technology accounted Account 108

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Now in their 21st year, the awards highlight technologies that advance the profession. It’s an honor to share all of these new technologies with our readers each year.”

Technology 124

Technology accounting firms accounted Account 124

CPA Practice

APRIL 3, 2023

Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. Technology also gives staff real-time access to their data, from anywhere at any time. By Cameron White.

accounting firms 135

accounting firms CPA Technology accounted 135

CPA Practice

JULY 3, 2024

Cybercrime is on the rise, with PwC reporting a 30% higher risk of cybersecurity attacks for financial firms. Additionally, accounting, tax preparation, and bookkeeping firms are navigating a growing staffing shortage. these issues can further exacerbate already overworked accountants.

Technology 128

Technology accounting firms accounted Account 128

ThomsonReuters

NOVEMBER 14, 2024

Application of predictive analytics in accounting : Firms use predictive analytics for cash flow estimates, tax impact forecasts, fraud detection, strategic decisions, and more. For many, the answer lies in accounting predictive modeling. Take action today to ensure that your firm isn’t left behind.

accounting firms 52

accounting firms accounted Account accountant 52

CPA Practice

OCTOBER 10, 2023

Adapting to the Changing Landscape To thrive in this evolving landscape, accounting firms need to understand that modernization is essential to maintain a competitive presence in their region. The Role of Automation Automation and advanced softwares are reshaping the way work is conducted within public accounting firms.

Technology 105

Technology accounting firms accounted Account 105

Acterys

DECEMBER 20, 2023

Accounting firms provide financial management services to businesses, including advisory services, bookkeeping, tax preparation, and auditing. IBM found that 60% of organizations sped up investments in digital technologies because of the pandemic. Automation is a key component of this transformation.

accounting firms 130

accounting firms Finance accounted Account 130

CPA Practice

MAY 19, 2023

Technology tools for your firm’s stack continue to improve and innovate. Please check out our podcast coverage of tools at The Technology Lab. What Are the Practice Areas and Tools That Can Affect Your Practice and Tech Stack? The accounting profession is undergoing a rapid digital transformation.

Technology 130

Technology accounting firms payroll audit 130

CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. 60%) say they rely on the sales tax functions within their accounting system, or report client sales via their state’s website.

Technology 119

Technology accounting firms cpas accounted 119

CPA Practice

FEBRUARY 8, 2024

Accounting firms employing cloud-based technology solutions experience higher levels of growth, but many are still grappling with how to harness the full power of such tools for strategic benefit. The future belongs to those who embrace technology and innovation as essential parts of their firm’s strategic plans for success.”

accounting firms 122

accounting firms Technology accounted Account 122

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 52

Technology CPA Tax tax preparation 52

CPA Practice

MAY 20, 2025

Rightworks Cloud Premier is a comprehensive package that modernizes accounting and tax firm operations by centralizing cloud and desktop app access, data, and security in one space.

accounting firms 55

accounting firms Technology accounted Account 55

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do smaller accounting firms use AI? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. How many accounting firms use AI? How does AI impact workflow?

accounting firms 111

accounting firms Technology accounted Account 111

CPA Practice

AUGUST 26, 2024

But there is good news: as the accounting industry continues to embrace technology, this has included a shift toward automating and streamlining operations. Chief among the uses for automation in accounting are functions like accounts payable, accounts receivable, and spend & expense management.

Technology 115

Technology accounted Account accountant 115

PANALITIX

AUGUST 9, 2020

Rapidly Growing an Accounting Firm: An Interview with Glenn Hetzel. Hetzel & Associates, CPAs spoke frankly and clearly on the many challenges and opportunities related to growing an accounting business. Glenn is optimistic about the many opportunities for accountants arising from technology disruption.

accounting firms 189

accounting firms accounted Account accountant 189

ThomsonReuters

MARCH 18, 2025

Jump to The AI spectrum in accounting and tax Why your AI position matters Common questions on the AI journey Take the AI readiness quiz In the rapidly evolving landscape of tax and accounting, artificial intelligence has emerged as more than just a buzzwordit’s becoming an essential component of modern practice management.

accounting firms 52

accounting firms Technology accounted Account 52

ThomsonReuters

DECEMBER 4, 2024

Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. Continuous improvement, spurred by client feedback and internal reviews, also keeps firms competitive.

tax return 52

tax return business tax accounting firms Tax 52

Going Concern

APRIL 19, 2024

Rightworks has released their inaugural 2024 Accounting Firm Technology Survey and the results tell us what we already done knew: Accounting firms are hesitant to adopt next-gen technology. Despite low adoption, the accounting profession has a positive outlook on the benefits of technology.

accounting firms 122

accounting firms Technology accounted Account 122

CPA Practice

DECEMBER 2, 2024

Aprio , the 25 th largest business advisory and accounting firm, has released its 2025 Technology Outlook , highlighting the recent impact of private equity and venture capital funding within the tech sector and key trends that will continue to make an impact in 2025.

Technology 52

Technology Healthcare B2B accounting firms 52

ThomsonReuters

MAY 28, 2024

Jump to: 2024 top priorities Key Insights from the 2024 State of Tax Professionals Report Preparing your firm for the future In the ever-evolving landscape of tax and accounting, professionals are continually adapting to new challenges and opportunities.

accounting firms 111

accounting firms accounted Account accountant 111

CPA Practice

AUGUST 11, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the 2023 Accounting Firm Operations and Technology Survey (AFOT). Welcome to Technology Lab. Today we’d like to talk to you about the accounting firm Operations and Technology Survey. Use the podcast player below to listen.

Technology 98

Technology accounting firms accounted Account 98

Accounting Insight

NOVEMBER 5, 2024

The IRIS Elements suite now offers three tiers: IRIS Elements Essential for smaller practices and startups, IRIS Elements Professional for mid-tier firms and, now, IRIS Elements Enterprise for firms serving complex clients. “In

accounting firms 52

accounting firms tax return accounted Account 52

CPA Practice

APRIL 11, 2023

Keeping pace with the latest innovations in technology is important for any firm looking to remain competitive and better serve clients in today’s challenging environment. This is especially true for firms eyeing a capital infusion from private equity investors. That is, if the firm is a good fit and has the right appeal.

Technology 105

Technology accounting firms tax return Tax 105

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. From there, look for opportunities to innovate and automate. Download report 2.

Technology 112

Technology accounted Account accountant 112

CPA Practice

DECEMBER 19, 2023

In an era where AI, particularly generative AI, is reshaping industries, small accounting firms stand at a crossroads. As we approach 2024, the integration of AI into accounting practices is not just an opportunity for an advantage, but a necessity.

accounting firms 124

accounting firms accounted Account accountant 124

CPA Practice

APRIL 5, 2023

If you’ve been following recent news in even the most cursory fashion there’s a good chance you’ve heard about ChatGPT, the Large Language Model (LLM) technology that’s primed to revolutionize business operations. So how can an LLM like ChatGPT help create functionality and automation within an accounting environment?

accounting firms 135

accounting firms accounted Account accountant 135

ThomsonReuters

JANUARY 23, 2025

.” Barriers to the integration of GenAI in tax and accounting Despite the potential benefits, several barriers hinder the widespread adoption of generative AI in tax and accounting firms. Our recent white paper, What are the key challenges of GenAI in accounting , emphasizes the importance of using reliable data sources.

accounting firms 64

accounting firms Tax accounted Account 64