CPA Practice

NOVEMBER 9, 2023

We are excited to bring new product capabilities to customers utilizing AI to automate tax preparation so they can focus on what matters – serving clients, growing their practices and creating better workplaces,” said Piritta van Rijn, Head of Accounting, Tax & Practice, Thomson Reuters.

Technology 52

Technology tax preparation corporation tax auditor 52

Going Concern

MARCH 21, 2023

TurboTax and QuickBooks are full of rudimentary AI features and already have reduced the need for some bookkeepers and tax preparers. The products can sort accounts, predict the other side of a journal entry, and populate a tax form with high accuracy. It isn’t just another game, it’s a different sport.

Account 104

Account accountant accounted tax return 104

Going Concern

JANUARY 26, 2024

How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. This allows auditors to shift attention to more complex and strategic work, like interpreting results and offering experience-based insights to clients.

Account 116

Account accountant accounted audit 116

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Recording expenses and preparing financial reports. Working with external auditors. Accountant vs. CPA vs. tax preparer: What are the differences? In other words, a specific license is not needed to become a preparer.

Account 59

Account accountant accounted tax preparation 59