ThomsonReuters

JANUARY 8, 2024

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. However, with the advent of AI-powered software, these tasks can now be automated, freeing up valuable time for professionals to focus on higher-value activities.

Tax 101

Tax Account accountant accounted 101

ThomsonReuters

AUGUST 3, 2023

Value-based pricing is a much better proposition for the client, the accounting firm, and the bottom line on both sides Incorporating new technology and advisory services into your firm Demonstrating your firm’s ability to be innovative is an important way to differentiate your firm from competitors.

Technology 98

Technology accounting firms Tax Account 98

ThomsonReuters

APRIL 30, 2024

Jump to: The role of emotional intelligence (EQ) in client relationships The evolution of client service in accounting firms Leveraging technology for enhanced client service Forward-looking accountants are increasingly realizing the importance of harmonizing technical tax expertise with interpersonal relationship skills. Automation.

Technology 52

Technology accounting firms financial statements Tax 52

ThomsonReuters

JULY 11, 2023

They are also experiencing an internal struggle to cope with the decreasing talent pool and growing need to use technology to stay efficient. For many firms, a more economical solution lies in improving the processes and workflow through automation. Technology is stepping up to address several of the issues.

Technology 73

Technology Account accountant accounted 73

ThomsonReuters

OCTOBER 24, 2023

With the right technologies in place, they can improve efficiencies, mitigate risk, better serve internal stakeholders, and ultimately drive greater profitability. Data consolidation challenges One of the greatest challenges facing tax departments is a lack of data integration and automation among systems.

Technology 52

Technology Tax corporation tax accounting and finance 52

ThomsonReuters

JANUARY 31, 2024

But these inefficiencies are fixable thanks to advancements in technology that are making it easier than ever for tax professionals to access the tools to revamp their workflows and eliminate these frustrating inefficiencies. But have you considered how your firm’s technology supports remote client collaboration ?

Tax 52

Tax Technology Account accountant 52

CPA Practice

JUNE 29, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Welcome to Technology Lab. And we want to talk about some audit technology trends in specific about data driven audits and 100% testing. Well, with automation, the change, the calculus has changed somewhat on that.

Technology 52

Technology audit general ledger Start-ups 52

ThomsonReuters

DECEMBER 13, 2021

For indirect tax teams, the question of whether and when to invest in more tax technology often looms large, depending on the size of the organization and the immediate challenges facing the department. So when is the right time to invest in indirect tax automation ? Get ahead of indirect tax problems. Reduced support costs.

Technology 52

Technology Tax corporation tax audit 52

ThomsonReuters

JULY 13, 2023

To succeed in an increasingly competitive landscape, forward-thinking accounting firms of all sizes are harnessing the power of AI to automate their tax workflows, thus boosting efficiency, empowering staff, and wowing clients. Boost tax workflow efficiency through automation Empower and engage staff Wow clients with enhanced services 1.

Tax 97

Tax Technology accounting firms income tax 97

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. Licensing costs.

Technology 52

Technology Tax E-commerce accounting and finance 52

ThomsonReuters

JANUARY 9, 2024

To do this, there are three key considerations to bear in mind: Harnessing technology will be central to managing 2024 GMT requirements efficiently Navigating the intricate web of new regulations entails overseeing the distinct rules set across 138 countries in the BEPS initiative.

Tax 88

Tax Technology income tax audit 88

CPA Practice

DECEMBER 4, 2023

Transcript (Note: There may be typos due to automated transcription errors.) Welcome to the technology lab presented by CPA practice advisor with your hosts, Randy Johnston and Brian Tankersley. Randy Johnston 00:07 Good day, welcome to Technology Lab. CPA tech, CP CPA t.ch/tr SPEAKERS Randy Johnston, Brian F.

Technology 64

Technology tax return CPA cpas 64

ThomsonReuters

JUNE 28, 2023

To do this, auditors must leverage technology and data analytics to innovate and sustain their edge over the competition. In this article, we will explore how using data analytics and automation can help enhance the auditing process, achieve greater operational efficiency, and ultimately set your firm apart.

audit 98

audit Technology auditor Start-ups 98

ThomsonReuters

APRIL 19, 2023

The accounting and audit profession is undergoing significant changes as a result of the rapid advancement of technology. While some have expressed concerns that automation may replace human auditors, the reality is that technology is here to enhance the profession rather than replace it.

audit 105

audit Technology auditor Start-ups 105

CPA Practice

DECEMBER 8, 2023

Transcript (Note: There may be typos due to automated transcription errors.) Welcome to the technology lab presented by CPA practice advisor with your hosts, Randy Johnston and Brian Tankersley. Randy Johnston 00:07 Good day, welcome to Technology Lab. CPA tech, CP CPA t.ch/tr SPEAKERS Randy Johnston, Brian F.

Technology 52

Technology tax return CPA cpas 52

ThomsonReuters

FEBRUARY 9, 2024

The Barcode Efficiency Act: The Barcode Automation for Revenue Collection to Organize Disbursement and Enhance Efficiency Act , also known as the BARCODE Efficiency Act, is a bill introduced by Senator Tom Carper and co-sponsored by Senator Todd Young. Also, the act addresses the use of optical character recognition (OCR) software.

Tax 110

Tax tax return Technology income tax 110

CPA Practice

JANUARY 30, 2024

Respondents are also worried about the impact of cybersecurity issues (76%) and new disruptive technology (73%) on their business. A detailed white paper on the survey findings can be found here. More than three-quarters (78%) of overall respondents are concerned about another global financial crisis.

accounting and finance 117

accounting and finance Technology Finance Account 117

ThomsonReuters

MARCH 8, 2024

Accounting firms face an array of challenges, such as new technologies, increased client demands, legislative changes, and staffing constraints. Read the white paper to learn how How do firms make necessary changes to remain accountable to themselves to grow successfully?

cpa firm 96

cpa firm CPA Technology Tax 96

ThomsonReuters

NOVEMBER 15, 2021

Furthermore, most companies and government tax agencies are now digitally connected, so tax authorities expect companies to pay indirect taxes in real time, as they are collected and sometimes in advance, which puts pressure on tax compliance teams to automate as much of the process as they can. White paper: The Future of Tax Departments.

E-commerce 52

E-commerce Technology Tax corporation tax 52

CPA Practice

OCTOBER 6, 2023

Transcript (Note: There may be typos due to automated transcription errors. Randy Johnston 00:02 Well, welcome to the Technology Lab. So we’re clearly not going to talk about 52 different products, we have different technology labs on a variety of products that are out there. Use the podcast player below to listen.

Technology 52

Technology Account accountant accounted 52

PYMNTS

DECEMBER 18, 2019

The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. Many in the country have been calling for an organization to stymie the power of Big Tech companies, including the U.K.’s 18) outlining new regulatory oversights for the tech sector.

Technology 53

Technology cma Government 53

ThomsonReuters

OCTOBER 24, 2023

Jump to: Automation, AI Technology: A Time and Resource Saver Outsourcing: Scale your business and reduce your costs A flexible work model: Expand your talent pool and gain a competitive edge How to handle the shortage of staff in your accounting department Recent trends have only amplified this challenge.

Account 52

Account accountant accounted Technology 52

TaxConnex

APRIL 28, 2022

Technology hasn’t just made interstate selling easier. And of course, save paper. The [auditor] is provided with read-only access to the company’s general ledger with exceptions related to confidentiality,” reads a 2021 white paper commissioned by Oracle, which added that most organizations will adopt a virtual audit form by 2025.

audit 174

audit auditor general ledger Minnesota 174

ThomsonReuters

MARCH 12, 2024

But then there are those changes that are internally dictated, like the deployment of automation and artificial intelligence (AI). Accountants, like everyone else, are often resistant to change until they understand its value. This white paper will discuss the benefits and costs of proactively managing inevitable change.

cpas 52

cpas Technology accounting firms Tax 52

ThomsonReuters

AUGUST 24, 2021

To build a persuasive business case for sales tax software , professionals need to explain how automating certain tax functions and improving reporting and analysis will benefit the company as a whole. Specifically, you need to show the technology’s return on investment (ROI). Reduce sales tax compliance liabilities from audits.

Technology 52

Technology Sales Tax audit 52

ThomsonReuters

MARCH 20, 2024

Omnichannel’s biggest challenges Robert Kleppel , a partner in KPMG’s indirect tax technology national practice, kicks off the webinar by summing up what he thinks are the most pressing issues facing omnichannel tax professionals today. Learn how tax automation can transform the omnichannel retail experience in our recent white paper.

Retail 52

Retail Tax Technology auditor 52

PYMNTS

APRIL 19, 2017

Change within the enterprise will always bring friction, but when it comes to change brought about by the adoption of more sophisticated technologies — especially in accounting and cash management — that friction is worth the effort. But the picture of technology adoption is a complex one, as cloud accounting company Sage has shown.

Technology 47

Technology Account accountant accounted 47

ThomsonReuters

JUNE 16, 2023

Firm resources often include, but are not limited to: Employees Technology solutions and other business equipment Working space Capital to pay employees, obtain office space, purchase technology, etc. What are the consequences of staff strain? This eliminates time-consuming, inefficient tasks like manual data entry.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

FEBRUARY 24, 2023

How does integrated technology make firms attractive to buyers or venture capital? Sinkin said, “Buyers are wary of firms that aren’t paperless, aren’t on the cloud, or don’t have remote-working technology that runs smoothly. Integration is critical. Why is integrated tech important?

accounting firms 59

accounting firms Account accountant accounted 59

ThomsonReuters

OCTOBER 31, 2023

What is AI automating in accounting? A Thomson Reuters survey found that 1 in 10 accounting and tax professionals are currently using ChatGPT/generative AI or planning to integrate these technologies into their operations. What is AI automating in accounting? Jump to: How is AI affecting accounting?

accounting jobs 52

accounting jobs accountant jobs accounts jobs Account 52

ThomsonReuters

JANUARY 14, 2022

Delegate and automate. They spend a fair chunk of time doing tasks that could be delegated or automated somehow, and then they wonder why they don’t have enough hours in the day. For more tips on managing your workplace wellness, visit our tax blog or download our white paper on how accountants can work from home successfully.

Tax 98

Tax Technology Start-ups accounting software 98

ThomsonReuters

NOVEMBER 2, 2023

The second major driver of this skills gap is the influence and adoption of technology at almost every level of global trade. Generative AI is set to streamline trade compliance processes by automating tasks like generating trade documents.

Technology 52

Technology Legal Government Maine 52

ThomsonReuters

JANUARY 16, 2024

Aim to do more in less time, with automation technology as a key tool.  Take breaks and relax during the day and avoid checking emails or work-related messages after hours. White paper How to prepare your CPA firm for the future with automation and integration. Blog 5 tips to manage stress during busy season.

Tax 52

Tax Account accountant accounted 52

PYMNTS

JANUARY 17, 2020

Seeking to keep things ethical in the development of artificial intelligence (AI), the European Union wants to enact legally binding requirements for makers of the technology. The information comes from a draft of a “white paper” obtained by Bloomberg. The paper is part of a broader effort by the EU to catch up to the U.S.

Technology 52

Technology Legal Transportation Start-ups 52

ThomsonReuters

APRIL 8, 2024

“Tax, more than ever before, is going to need a seat at the table,” Lear said, noting that there are ways that tax, finance, and accounting professionals can take the opportunity to embrace technology, develop new skill sets, and get a much more strategic role within an organization. And you need to make sure it’s qualified.”

Tax 52

Tax Technology accounting and finance Gaming 52

ThomsonReuters

AUGUST 1, 2023

The answer lies in using technology to your advantage. Forward-looking accounting firms are leveraging solutions like APIs that drive automation, enhance efficiencies, and improve collaboration among both staff and clients. But how do you offer work-life balance in a profession that demands doing more with less?

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

MARCH 28, 2023

Tax and electronic invoicing technology can certainly help companies streamline their compliance processes by automating the way data is gathered and transmitted in the proper format and proper way, to tax authorities. What are the benefits of automation?

Tax 59

Tax Technology corporation tax Government 59