article thumbnail

The Technology Lab Podcast – Review of Audit Technology Trends – July 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Now, Brian claims that he is a recovering auditor, I don’t think you ever get audit blood out of yourself at least listening to him, that’s for sure. So I want you to know here that the world of audit is changing rapidly.

article thumbnail

Marketing for accounting firms: individuals vs. small businesses

ThomsonReuters

You can do this online through blogs, white papers, webinars, and podcasts, or offline through speaking engagements and networking opportunities. Use case studies, white papers, and other educational content for marketing purposes. Prevent audits. You can also offer your help if they get audited by the IRS.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Knowing when it’s time to update your accounting technology

ThomsonReuters

Is their current technology a drain on efficiency and profitability? As outlined in the Thomson Reuters white paper “ Mind the gap: Identifying gaps in your software this tax season ,” there are several indicators to help firms determine if their accounting technology is outdated and in need of a refresh.

article thumbnail

Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

In a recent Forrester Consulting Research paper on the economic impact of IDT automation, companies with a 3% manual error rate were able to reduce errors to less than 1%, thereby saving money, improving cash flow, delivering better customer service, and avoiding the headache of having to recalculate taxes to find and fix errors.

article thumbnail

The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

accounting software, payroll, etc.) Through this newfound efficiency, in-house tax teams can speed up the financial close process, improve audit readiness, and ultimately save both time and money. To learn more about automation of data in tax, read our white paper “Automating tax provision: The power of technology.”