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The top 5 AI terms corporate tax professionals need to know

ThomsonReuters

It is inevitable that in the next few years, it will impact – and even transform – how corporate tax professionals go about their work. So, what are the key aspects of AI that are likely to affect the world of corporate tax? AI is a very broad term that encompasses a wide variety of possibilities, and it has many sub-sets.

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3 steps to identify and fix bottlenecks in your firm’s workflow

ThomsonReuters

Jump to: Identify weaknesses in your firm’s workflow Evaluate technology and tools Create and document a new workflow process Evaluating future tax workflow bottlenecks What works today may not work tomorrow. These decision points, big and small, can lead a process to look very different than when it was first constructed.

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Client Service: How Did Your Firm Score This Tax Season?

ThomsonReuters

Unfortunately, businesses often make assumptions about what their clients want. Underscoring this point, HubSpot’s Annual State of Service in 2022 report found that 88 percent of customer service professionals surveyed believe customers have higher expectations than they did in previous years. based accounting firm Padden Cooper.

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What is Managerial Accounting and How Does it Differ from Financial Accounting?

Snyder

When starting a business, all the paperwork and accounting may seem daunting. You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to do right now. No matter how large or small your business is, managerial accounting will help you gain profit. Contents: 1.

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Avoid burnout before you’re already burned out

ThomsonReuters

Tax season is a stressful time of year for anyone who works at an accounting firm. Even with a tax deadline looming, clients don’t always communicate or submit information promptly. All this results in is added pressure for accountants and tax professionals, and it makes it much harder for them to get all their work done on time.

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eCommerce: Lowering traditional barriers and inspiring entrepreneurialism

Xero

We surveyed 171 accountants and bookkeepers – with a collective clientele of about 6,000 small businesses – to learn how ecommerce was changing business ownership. Here’s what they had to say about the differences. . While no business is risk-free, ecommerce is relieving some pressure points for startups.

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A New Zealand Xero Awards winner shares why entering is definitely worth it

Xero

It’s time for the 2022 New Zealand Xero Awards, celebrating the accountants, bookkeepers, app partners and integrators who help Kiwi small businesses flourish. If you’ve been thinking of entering , you’ll love reading what Michael Parker, director of Crux Advice & Accounting has to say. We’re located in Nelson, New Zealand.