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A new report reveals a dramatic shift in the expectations that businesses and individuals who use accountants have of those professionals, with findings that highlight the need for seamless technology, proactive communication, and personalized service. The 2024 Client Satisfaction Report , commissioned by accounting technology maker TaxDome , provides invaluable data to help firms adapt to the evolving needs of their clients.
Barry's presentation at the Accountants Club of America included his thoughts about the future of small practices, which make up about 43,000 of the estimated 44,000 accounting practices in America.
Accountancy practices of all sizes must adapt to profound changes affecting the industry. As we approach 2025, maintaining the status quo is no longer a viable option. Success in the year ahead requires careful preparation across multiple fronts: from embracing artificial intelligence and enhancing professional capabilities, to addressing talent acquisition, managing heightened security pressures, and providing strategic counsel on sustainability matters.
Canopy's updated guide breaks down every change, update, and addition you will need to know for the 2025 tax season. Download our latest eBook to be the best-equipped tax accountant to help clients this upcoming tax season!
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
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What's new: Practitioners can now send an invoice to many clients at the same time. As previously announced, they can also invoice one client representing a group of related clients.
Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.
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TaxConnex is paving the way for a new category of sales tax management services UPSOURCING. Building on our strong foundation of sales tax advisory services and managed sales and use tax filing and remittance services, we are introducing two powerful new solutions into our portfolio: Sales Tax Calculation Software: Designed to simplify the process of calculating the proper sales tax, this software integrates seamlessly with a variety of business systems and shopping carts to provide precise, re
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
With the Malaysian government’s push towards a digital economy, small and medium enterprises (SMEs) must adapt to new requirements. One key development is the National E-invoicing Initiative. This initiative aims to modernize how businesses manage invoices, helping to streamline operations, improve compliance, and enhance efficiency across industries.
Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.
The Department of the Treasury and the Internal Revenue Service have issued Revenue Procedure 2024-31 PDF and proposed regulations to provide guidance for the Energy Efficient Home Improvement Credit. The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer.
8 min read December 12th, 2024 Every new year brings new challenges and opportunities in business. It's up to business owners to ensure they are prepared for what lies ahead in the coming year. The best business leaders keep a continuous eye on the future. Key Takeaways Types of Financial Forecasts: Business leaders can generate forecasts for just about any aspect of their business.
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Jump to Overview of the recent halting Implications for tax and accounting professionals What’s next? Staying prepared amidst regulatory uncertainty Catch up with the Corporate Transparency Act below More on the Corporate Transparency Act Are you ready? The Corporate Transparency Act became effective Jan 1, 2024 Navigating the Corporate Transparency Act: Key implications and considerations Corporate Transparency Act FAQs The Corporate Transparency Act (CTA) has been a pivotal piece of le
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By setting up clear, fair compensation ranges from the start, youll put your startup on a path to success where your business and your employees can thrive. The post Why Building a Compensation Model is Critical for Startups appeared first on Burkland.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
It finally happened investors saw your vision, you raised a Series A, and now you have the green light to grow as quickly as possible. Now what? Or perhaps youre building an MVP and scrapping for revenue. Your idea has potential, but you have to diligently manage resources until you can raise seed funding. Regardless of where you are in your journey, cash flow management for your startup will be crucial.
Wolters Kluwer, a provider of professional information, software solutions, and services, has announced two significant enhancements to its TeamMate+ audit management platform: Multi-Year Audit Planning and the Business Rules Engine. The new capabilities will enable internal audit teams to streamline planning, improve data accuracy, and enhance governance.
How a Growing Cannabis Organization Streamlined Financial Reporting with Intacct Case Brief A rapidly growing company in the cannabis industry needed to scale its financial management capabilities beyond QuickBooks’s limitations. Partnering with Withum, this organization transitioned from QuickBooks to Sage Intacct, a cloud-based ERP system known for its robust multi-entity and intercompany functionalities and dimension-based accounting capabilities.
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Tracy Coenen talks about the prevalence of fraud allegations related to construction projects and the work a forensic accountant can do in construction claims. She goes through the basics of the financial analysis performed on the numbers and documents related to the construction project. The construction analysis includes a comparison of the following numbers: Total [.
Intuit and Amazon have announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business. By leveraging Intuits AI-driven expert platform, millions of Amazon sellers will be able to discover and access Intuits platform seamlessly, benefiting from powerful financial insights like profitability, cash flow, and estimated tax liabilities to fuel their growth.
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IRIS Software Group (IRIS), a leading global provider of accountancy, education management, HR and payroll solutions, today announced a definitive agreement to acquire Dext Software Ltd (Dext), a leading bookkeeping automation platform provider. The acquisition will unite two sector-leading cloud-based platforms Dexts Bookkeeping Automation Platform and IRIS Elements to deliver a complementary and fully integrated, end-to-end solution for accountants, bookkeepers, and businesses.
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