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AI in Accounting: A Guide Written by Artificial Intelligence

Ryan Lazanis

Artificial intelligence in accounting is currently transforming the industry. Table of Contents What is AI in Accounting? Can AI Replace Accountants? Benefits of Artificial Intelligence How is AI Used in Accounting? In fact, ChatGPT wrote the above description: Can AI Replace Accountants?

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Winning the accounting talent war: How did your firm score this tax season?

ThomsonReuters

Attracting and retaining top talent has been an industry-wide concern for many tax and accounting firms for years. Some tax and accounting firms lost key personnel to competing firms or other industries, and some associates simply moved on in search of a new career or better quality of life.

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Guide to accountant responsibilities

ThomsonReuters

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

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Payroll errors and how to avoid them

ThomsonReuters

For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms. One way firms can help employers is to p erform a payroll audit.

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Top accounting issues in 2023

ThomsonReuters

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

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Property tax 101

ThomsonReuters

Accountants who help clients effectively manage property taxes can further strengthen their role as a trusted advisor. Property tax case study How do you find tax information on a property? Property tax case study A recent move by the Kansas Supreme Court could potentially have significant implications for taxation in Kansas.

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Fiduciary tax 101

ThomsonReuters

For starters, wealth management requires extra care, trust investments are becoming more complex, and distribution rules are ever changing. Savings accounts. Bank accounts. Estate planning is the management of how those assets will be transferred to the beneficiaries when someone passes away. Mutual funds.

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