ThomsonReuters

JULY 25, 2023

For today’s accounting firms, advanced technology is no longer an option but a necessity. The most successful accounting firms are making the investment today to optimize growth tomorrow. Let’s take a look at how AI is transforming the way accountants work and why it will help shape the future of the profession.

Technology 98

Technology Tax audit accounting firms 98

ThomsonReuters

AUGUST 5, 2022

When making the business case for investing in automated indirect tax technology (IDT) and technology implementation, what the company stands to gain in terms of efficiencies and return on investment (ROI) are certainly important key factors, but the discussion must eventually come around to cost. What recurring costs (e.g.,

Technology 52

Technology Tax E-commerce accounting and finance 52

Mark Lee

JUNE 21, 2022

When I was asked what are the most common marketing challenges that accountants face, I quickly listed the following: 1 Not enough time. Even when you think you know what you want to do, or think you should do, you don’t know HOW to do it. 6 Getting an ROI. Time to set objectives. Time to plan. Time to test.

Account 52

Account accountant accounted Start-ups 52

ThomsonReuters

JUNE 28, 2022

what the return on technology investment (ROI) is going to be. what the return on technology investment (ROI) is going to be. But calculating ROI on an indirect tax technology implementation isn’t easy. how adding such a solution will improve departmental operations, particularly in tax and IT. Total Savings: $3.85

Tax 90

Tax Technology corporation tax auditor 90

ThomsonReuters

FEBRUARY 1, 2023

While it’s in the zone, no duty is collected until the imported goods are removed for the US market, deferring the duty for 45 days, and restricting the duty paid to only the value of what was removed. As duty suspension programs exist all over the world, this is perhaps the most recognized of these cost-savings methods.

Tax 59

Tax Manufacturing Legal Technology 59

ThomsonReuters

NOVEMBER 23, 2022

And what does the decision-making process look like? The first step in any major technology investment before starting a transformation is determining what problems the company or department is trying to solve, what the company’s short and long-term goals are, and where tax technology fits into the whole picture.

Technology 59

Technology Tax corporation tax audit 59

Menzies

DECEMBER 11, 2023

Menzies LLP - A leading chartered accountancy firm. What tax reliefs are available for Warehouse of the future projects? However, transformation comes at a significant cost and feasibility will need to be investigated with consideration of both available tax reliefs and timing of investments. When is the right time to invest?

Technology 52

Technology Transportation chartered accountant Tax 52

ThomsonReuters

AUGUST 24, 2021

Specifically, you need to show the technology’s return on investment (ROI). Keep reading for 5 ways to calculate and communicate ROI in your business case for sales tax automation. Keep reading for 5 ways to calculate and communicate ROI in your business case for sales tax automation.

Technology 52

Technology Sales Tax audit 52

MineralTree

OCTOBER 26, 2023

Automation is reshaping the way companies manage their financial operations, especially in accounts payable (AP). In this blog post, we’ll dive into the transformative world of AP technology to explore its role in modern financial operations and how it can help businesses save time and money.

AP Automation 76

AP Automation Technology AP Processes accounts payable 76

ThomsonReuters

MAY 19, 2022

Unfortunately, businesses often make assumptions about what their clients want. based accounting firm Padden Cooper. What do you like most about our firm? What do you like least about our firm? Stay abreast of what’s happening in the accounting industry. Increase client communication, value.

Tax 105

Tax tax return accounting and finance accounting firms 105

Mark Lee

AUGUST 15, 2023

Regular readers will know that, on this blog I share, what I hope is, constructive and unbiased advice for accountants in practice. Today I offer you a cautionary warning about what have been termed ‘marketing bullies’. Of course I was wrong.

Account 52

Account accountant accounted Construction 52

ThomsonReuters

MARCH 13, 2023

More recently, in April 2022, New Mountain Capital announced a majority investment in professional services firms Citrin Cooperman.  These investments marked a notable transformation in the profession, with the realization among private equity firms that investing in large accounting firms can yield great returns.

Technology 59

Technology accounting firms Tax audit 59

ThomsonReuters

OCTOBER 6, 2023

It also lets firms enjoy the promised return on investment (ROI) that accompanies such upgrades. They want to do a better job at using technology to streamline data collection, automate data entry, enhance the review process, and improve service delivery. File-sharing software can present many of the same inconveniences.

tax preparation 64

tax preparation Tax tax return Technology 64

ThomsonReuters

AUGUST 3, 2021

But why are APIs so important to CPAs and how does an accountant learn about APIs if they don’t have a technical background? . About Ford Baker, CPA & CEO BaCo Tech & BaCo Group: Ford has over 35 years of experience in the accounting industry. As an accountant, please describe what an API is? .

CPA 59

CPA Technology cpas accounting software 59

ThomsonReuters

DECEMBER 13, 2021

And what factors tend to move the needle on such an important decision? Instead, communicate to leaders the risks of waiting by showing them what could go wrong if they don’t act — such as penalties for inaccurate filing, lost tax revenue, incorrect invoicing, and the increasing need to interact digitally with tax authorities.

Technology 52

Technology Tax corporation tax audit 52

ThomsonReuters

JULY 9, 2021

When justifying spend for tax technology , survey respondents said their most powerful argument was ROI — the direct cost savings to be derived from the upgrade. Guide: What to expect when implementing tax technology. The report is based on a survey of 821 tax specialists. Webinar: Building a business case for indirect tax automation.

Tax 52

Tax corporation tax Technology Sales 52

ThomsonReuters

NOVEMBER 10, 2020

Think of it as an engine that enables your organization to plan and run scenarios to help your tax department model what your quarterly provision will look like. The final guidance includes elements similar to the proposed regulations with adjustments that make the election retroactive to prior tax years. international outbound rules.

Tax 52

Tax income tax Technology tax return 52

CPA Practice

MAY 1, 2023

As firm leaders expand their firm’s footprint, account-based marketing (ABM) should be part of their plan. What is account-based marketing? What does that mean? So, why does an accounting need ABM? Articulate a clear path to ROI. Create account plans to map out potentials leads. See Gartner example.)

B2B 119

B2B Sales Education Account 119

ThomsonReuters

AUGUST 16, 2022

What numbers do you need to build your business case? Decision-makers also want to know how the promised efficiencies and benefits will be achieved, and what the timeline for profitability will look like after the initial investment. million , resulting in a return on investment (ROI) of 120% and a net present value of $2.1

corporation tax 97

corporation tax Technology Tax Maine 97

ThomsonReuters

AUGUST 25, 2021

In a recent Thomson Reuters webinar, a panel of indirect tax experts discussed what companies interested in expanding their tax automation capabilities can expect at each stage of their technological journey, including the challenges and obstacles they may need to overcome. Tax automation is more than just a trend.

Technology 52

Technology Tax corporation tax E-commerce 52

Acterys

JUNE 16, 2023

In this blog, we will delve into the world of financial budgeting, planning, and forecasting and provide practical tips and strategies to take control of your business’s financial health. What would be the ROI of this resource? Maintaining control over an enterprise’s spending and resources is crucial for success.

Finance 130

Finance accounting and finance Sales Start-ups 130

Reckon

SEPTEMBER 21, 2022

As the march of technological capability continues at a thunderous pace, its always wise to look around to see what you could use in your business. So, what can you grab today without pulling out the credit card? If you have a Gmail account and a website, you’ve got Google Analytics. Google Analytics. Microsoft Teams.

audit 90

audit Technology Sales Account 90

PYMNTS

JANUARY 13, 2020

Indeed, the recent push toward omnichannel — a concept that has evolved over the years to basically mean meeting consumers on their own ground and via various channels — was getting some serious attention at the NRF show, at least according to accounts on the ground. It’s not only the right thing to do, but the smart thing to do,’ she said.”.

Retail 52

Retail Technology New York Account 52

PYMNTS

OCTOBER 24, 2016

Ask anyone — and I do every week on The Matchmaker Is In — what matchmaker these matchmakers-in-waiting admire. So many say Uber that I had to start qualifying my question to ask: “Other than Uber, what matchmaker do you admire most and take inspiration from?”. The disease: Matchmaker model amnesia. Take Uber, for instance.

Transportation 76

Transportation New York Massachusetts accounting and finance 76

ThomsonReuters

JUNE 22, 2023

If there is one challenge that resonates amongst large tax and accounting firms, it’s data visibility. What are APIs and how do they work? In fact, 70% of businesses that added automation to their accounting processes reported a stronger ROI. Founded in 1995, BNN is a U.S.

Technology 98

Technology New Hampshire Massachusetts accounting firms 98

PYMNTS

SEPTEMBER 29, 2018

You’ll also get information on getting to and from airports,” noted a Google blog post. Or even raise its voice from time to time? Odd questions, huh? Travel Secretary. This about-to-expire week brought news that Google has digital features that aim to make travel planning and finding the right hotel easier. “You Where You Wanna Go?

Transportation 64

Transportation Technology Account accountant 64