ThomsonReuters

DECEMBER 4, 2024

Filing individual income tax returns can be a complex process, but with the right workflow, professional tax preparers and accounting firms can streamline the experience for both clients and staff. Harnessing technology for individual income tax return filing can transform the efficiency of accounting firms.

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ThomsonReuters

MARCH 3, 2025

For years, automation has eliminated the need for tax professionals to spend their days steeped in manual data entry, searching for blank fields or numbers that dont add up. With agentic AI, accountants can automate complex pieces of the tax return process.

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ThomsonReuters

FEBRUARY 6, 2025

In the fast-paced world of accounting and tax preparation, every minute counts. According to the 2024 State of Tax Professionals Report , time management, meeting deadlines, and timely filing were the second highest set of challenges for survey respondents.

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cpas Account accountant accounted 52

ThomsonReuters

FEBRUARY 13, 2024

Here are some basic ways to keep your tax preparation invoice process moving smoothly through the most demanding time of year: Establish file-naming conventions. Using an online portal to upload PDFs of the tax return and e-file authorization. Is every member of your team saving files in the correct folders?

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ThomsonReuters

JUNE 15, 2023

The right software allows your firm to: Update tax returns as soon as regulatory changes are implemented. The software acts like a spell-checker for tax returns, alerting your staff to conflicts such as missing data and incorrect numbers. The software automatically updates behind the scenes.

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Technology tax preparation tax return Tax 92

ThomsonReuters

OCTOBER 3, 2024

← Blog home For most accounting firms, tax preparation is a cornerstone of their business. According to a recent survey of 180 tax professionals at accounting firms, 88% of respondents indicate that their firm currently offers tax advisory services.

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ThomsonReuters

MAY 11, 2023

In addition to reducing manual tasks, automation opens the door to direct collaboration with clients, including the ability to share data and documents directly via private accounts, automatically extract data from client source documents, or easily transfer account balances from integrated business tax preparation software.

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