Peak Business Valuation

JULY 15, 2023

The accounting industry has experienced rapid growth in recent years. As businesses suffered the effects of COVID , many turned to accounting firms for financial advice and consulting. However, competition is intense and increasing in the accounting industry. We work with accounting firms throughout the country.

Accounting Firms 52

Accounting Firms Business Valuation Appraisal Fair Market Value 52

ThomsonReuters

FEBRUARY 24, 2023

For firms looking to sell, or ink deals with investment partners , how they leverage technology can have a major impact. M&A market heats up The M&A market is seeing an increase in activity. This is due, in part, to a growing number of private equity firms entering the accounting market. As Allan D.

Accounting Firms 59

Accounting Firms Private Equity Firm Technology Equity 59

ThomsonReuters

MARCH 15, 2023

Today, a growing number of private equity investors are entering the accounting market as they’ve discovered that investing in accounting firms can yield great returns. That is, if the firm is a good fit and has the right appeal. Why is an accounting firm’s tech stack important to private equity?

Accounting Firms 64

Accounting Firms Technology Equity Compliance 64

ThomsonReuters

JULY 6, 2023

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. But what accounting advisory services should your firm offer?

Accounting Firms 98

Accounting Firms Compliance Start-ups Marketability 98

ThomsonReuters

DECEMBER 8, 2023

The transformative impact of AI in accounting How can accounting firms leverage AI? Ethical considerations in the human-AI partnership A successful human-AI partnership Because the accounting profession is traditionally compliance-focused, it is particularly prone to AI disruption. Compliance.

Accounting Firms 108

Accounting Firms Compliance Technology Marketability 108

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. To learn more, let’s take a look at three ways accounting firms can use AI as a competitive advantage. Sounds great, right?

Accounting Firms 97

Accounting Firms Start-ups Compliance Technology 97

ThomsonReuters

DECEMBER 23, 2024

Jump to Understanding the shift to advisory An introduction to Practice Forward Leveraging the Practice Forward community and resources A proven roadmap to stand out in a competitive market Advisory services represent a growing area of opportunity for accounting firms, driven by changing client demands for proactive, value-added tax guidance.

Accounting Firms 52

Accounting Firms Compliance Marketability 52

ThomsonReuters

AUGUST 2, 2022

If your firm isn’t using the most current technology, you could find yourself at a disadvantage in the war for talent—especially if prospective staff is also looking at larger firms. The necessity of remote work during the pandemic showcased just how well accounting firms can operate within a flexible working environment.

Accounting Firms 97

Accounting Firms Technology Compliance Marketability 97

ThomsonReuters

MAY 6, 2022

For small and mid-sized tax and accounting firms, there are plenty of ways to do so. 8 ways small and mid-sized accounting firms can increase profitability. For example, some firms choose to outsource marketing rather than hire an in-house team. Revisit your accounting firm’s marketing strategy.

Accounting Firms 87

Accounting Firms Start-ups Marketability Dividends 87

ThomsonReuters

APRIL 15, 2021

Tax and accounting firms are uniquely positioned to be strategic advisors and service providers for their clients—but CPA firms must evolve, too. These changes impact companies in just about every area of business: financially, organizationally, and from a marketing perspective.

Accounting Firms 96

Accounting Firms Compliance Technology Finance 96

ThomsonReuters

JULY 25, 2023

For today’s accounting firms, advanced technology is no longer an option but a necessity. To keep pace in an increasingly competitive landscape, forward-looking firms are investing in artificial intelligence (AI) solutions to automate tax workflow, open up additional revenue streams, and better serve clients.

Technology 98

Technology Accounting Firms Compliance Marketability 98

ThomsonReuters

DECEMBER 27, 2024

Audit solutions for accounting firms Specific challenges related to auditing cryptocurrency transactions Despite this advancement, challenges remain due to the unique technological aspects of blockchain and cryptocurrency transactions, which can complicate auditing and increase risks of material misstatement.

Accounting Firms 52

Accounting Firms Compliance Specific Risk Technology 52

ThomsonReuters

AUGUST 3, 2023

These questions can be related to changes in regulatory and compliance standards , ESG , and general business advice. As a result of the explosion of new tools and software available, accounting firms have a significant opportunity to improve their reputational status through enhanced advisory service offerings.

Technology 98

Technology Accounting Firms Compliance Marketability 98

ThomsonReuters

AUGUST 1, 2023

The cost of turnover can be enormous given the training and development costs most firms put into their new hires and the need for continuing professional education. To address this, many future-focused accounting firms are moving away from hourly billing and toward a value pricing model. hours per week.

Accounting Firms 98

Accounting Firms Technology Compliance Finance 98

Equidam

JUNE 10, 2025

We’ll also cover the legal requirements (fair market value, documentation, audit readiness) and show why an accurate, compliant valuation is crucial to maintain the tax benefits. If the startup’s value grows, the employee stands to benefit by purchasing shares at a below-market price and later selling them at a profit.

Fair Market Value 59

Fair Market Value Start-ups Equity Compliance 59

Reynolds Holding

OCTOBER 31, 2023

In a speech on October 24, 2023, the director of the Securities and Exchange Commission’s (SEC’s) Enforcement Division, Gurbir Grewal, described the scenarios in which the commission would bring an enforcement action against a compliance officer. Entirely fails to carry out their compliance responsibilities.

Compliance 40

Compliance Accounting Firms Marketability 40

ThomsonReuters

JULY 18, 2024

The top 13 accounting firm challenges, according to the 2024 State of Tax Professionals Report. The good news is that firms are not powerless. A growing number of tax and accounting firms are taking proactive measures to remain competitive and boost profitability. Billing and cash flow issues.

Accounting Firms 92

Accounting Firms Start-ups Technology Compliance 92

ThomsonReuters

JULY 6, 2023

But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients? The guidance you provide can help streamline accounting processes , improve profitability, and enhance overall decision-making.

Start-ups 88

Start-ups Compliance Accounting Firms Technology 88

Reynolds Holding

OCTOBER 24, 2023

It undermines the investor confidence needed for the fair, efficient, and orderly operation of our markets and for capital formation. This hurts all those companies, professionals, and other market participants who are playing by the rules and doing the right thing. And if they do, then take the steps necessary to effect compliance.

Compliance 40

Compliance Accounting Firms Start-ups Marketability 40

ThomsonReuters

NOVEMBER 15, 2024

← Back to blog For many accounting firm owners and leaders, the idea of transforming their practices from a traditional, transaction-based model into an advisory-centric firm is an appealing one. Some firms feel too overwhelmed to prioritize this transition, while others aren’t sure where to start.

Compliance 52

Compliance Start-ups Dividends Accounting Firms 52

ThomsonReuters

SEPTEMBER 7, 2023

Prepare for the future of accounting with Thomson Reuters Practice Forward® How to turn transactions into connections In today’s economic landscape, roles are constantly shifting and evolving to meet the demands of compliance frameworks, changes in tax laws , and the expectation of more data on demand. What is the future of accounting?

Accounting Firms 59

Accounting Firms Compliance Technology Marketability 59

ThomsonReuters

JUNE 12, 2025

When Adobe set out to remove 40% of the customization from its SAP system for managing indirect taxes, Thomson Reuters ONESOURCE Determination was the only solution that could meet its compliance needs and address the growing complexity of sales and use tax, VAT, GST, and industry and country-specific tax and business requirements around the world.

Compliance 52

Compliance Dividends Accounting Firms Technology 52

ThomsonReuters

JUNE 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you know that differentiating yourself from the competition is always top of mind. And if your firm currently offers advisory services, how do you know if you’re billing clients appropriately? What are advisory services? Why make the shift to advisory?

Accounting Firms 93

Accounting Firms Compliance Technology Marketability 93

ThomsonReuters

NOVEMBER 8, 2022

This profound shift has created a pathway to improving operational efficiency, seamlessly achieving compliance, and fostering more meaningful relationships with clients. . The use of APIs in accounting automation is critical in creating a custom solution tailored to your firm’s unique compliance processes.

Technology 98

Technology Accounting Firms Start-ups Compliance 98

ThomsonReuters

NOVEMBER 28, 2023

Baby Boomers are retiring in droves, younger accountants have less desire to become a partner, and a dwindling number of college students are entering the field. Your end goal is to eliminate manual tasks, improve the staff experience, elevate the work of your team, and ultimately become a more value-added firm. Download report 2.

Start-ups 112

Start-ups Technology Accounting Firms Compliance 112

ThomsonReuters

JANUARY 4, 2024

Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead.

Accounting Firms 78

Accounting Firms Technology Compliance Marketability 78

Reynolds Holding

SEPTEMBER 8, 2022

One of the recent central themes of the Office of the Chief Accountant [1] has been that high-quality audits are foundational to the trust that underlies capital markets. [2] capital markets as it is for investors in domestic companies. capital markets as it is for investors in domestic companies.

Accounting Firms 45

Accounting Firms Compliance Finance Marketability 45

ThomsonReuters

JULY 6, 2023

Supporting this shift is technology that automates mundane tax compliance work and instantly provides insights into trends that can benefit your clients. Making the transition to advisory At the end of the day, a career change from accounting doesn’t have to be drastic.  And that’s where Thomson Reuters Practice Forward ® comes in.

Finance 98

Finance Accounting Firms Start-ups Technology 98

ThomsonReuters

MARCH 13, 2023

More recently, in April 2022, New Mountain Capital announced a majority investment in professional services firms Citrin Cooperman.  These investments marked a notable transformation in the profession, with the realization among private equity firms that investing in large accounting firms can yield great returns.

Equity 59

Equity Accounting Firms Private Equity Firm Technology 59

ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ percent from 2022 to 2030.

Compliance 59

Compliance Accounting Firms Technology Marketability 59

ThomsonReuters

FEBRUARY 15, 2024

By using predictive analytics and customer segmentation, in-house teams can use lead scoring, qualification, and competitor analysis to identify areas of growth both in terms of specific types of clients or  specializations  worth pursuing but also use AI-generated competitive analysis for exploring new markets.

Accounting Firms 105

Accounting Firms Compliance Finance Marketability 105

ThomsonReuters

JANUARY 24, 2023

If so, pursuing that passion and marketing your firm ’ s ESG audit certification services is a significant opportunity to differentiate your firm and better serve clients. For example, do you have a passion for ESG-related issues?

Accounting Firms 59

Accounting Firms Compliance Marketability 59

Benzinga

JUNE 26, 2024

June 26, 2024 (GLOBE NEWSWIRE) -- Rightworks, the only intelligent cloud service provider delivering solutions purpose-built for accounting firms and professionals, today announced it has acquired Australia-based Practice Protect , the accounting profession's leading cybersecurity provider. NASHUA, N.H.,

Accounting Firms 40

Accounting Firms Compliance Marketability 40

ThomsonReuters

SEPTEMBER 20, 2024

Steps to making a compelling business case for tax software adoption How tax software aligns with digital transformation strategies Embracing technology for long-term success One of these solutions is indirect tax software , which can significantly elevate workflows by improving efficiency, reducing errors, and ensuring better compliance.

Compliance 52

Compliance Technology Start-ups Accounting Firms 52

Reynolds Holding

JANUARY 16, 2023

In response, I argue that market norms clearly demonstrate that sophisticated parties strongly prefer the awareness rule to the use rule and that they appear to have very strong reasons for doing so. In addition, even when blackout periods are not in effect (i.e., This point bears some elaboration.

Marketability 45

Marketability Compliance Corporate Finance Accounting Firms 45

ThomsonReuters

APRIL 8, 2024

The accounting profession is no exception. In fact, a growing number of accounting firms and corporations are taking a closer look at AI and how it can help them keep pace with tax law changes and ensure tax regulatory compliance. This means improved efficiencies and greater productivity.

Compliance 52

Compliance Accounting Firms Technology Marketability 52

ThomsonReuters

NOVEMBER 8, 2022

You can also automate cryptocurrency related collaboration and compliance while easily uncovering new planning and advisory opportunities. . Track firm projects and tasks from any workstation and compare actual status with budget information or integrate with workflow applications. . Client contact management. Integration.

Start-ups 105

Start-ups Technology Accounting Firms Compliance 105