ThomsonReuters

JUNE 12, 2025

When Cisco needed an indirect tax solution to address its rapid expansion into new markets and increased distribution channels, it turned to ONESOURCE Determination. This includes major ERP vendor sales teams in the enterprise sector and the largest global accounting firms and system integrators.

Compliance

ThomsonReuters

APRIL 28, 2025

Jump to The power of AI in tax preparation How AI contributes to long-term sustainability in accounting Getting started with AI Are you ready to get AI in action for your tax and accounting firm? Imagine your accounting firm functioning like a well-oiled machine. Heres how.

Accounting Firms

ThomsonReuters

MARCH 20, 2025

However, because of long-held perceptions of mundane work and long hours, accounting firms face challenges in attracting and retaining high-quality staff, especially as younger generations seek more flexible, technology-driven work environments. Technology investments alone, however, are not enough. Lets take a look.

Accounting Firms

ThomsonReuters

JULY 29, 2025

However, forward-thinking firms see AI not as a threat, but as a solution to the talent crunch — and a way to stay ahead of the competition. By freeing staff from mundane, repetitive tasks, AI is opening the door to critical thinking, advisory capabilities, and problem solving. Will your firm be one of them?

Accounting Firms

ThomsonReuters

MAY 21, 2025

Jump to Top 5 priorities for tax and accounting professionals The impact of AI in tax and accounting firms Navigating the future of tax and accounting The landscape of the tax and accounting industry is evolving rapidly, driven by technological advancements and a growing demand for value-added services.

Accounting Firms

ThomsonReuters

JULY 22, 2025

As more automation capabilities are woven into tax and accounting firm workflows, robotic process automation (RPA) and more recently, agentic AI , are among the solutions in the technology toolbox. However, as the pace of technological advancements accelerates, making sense of it all isn’t always easy. Can they coexist?

Technology

ThomsonReuters

MAY 28, 2024

Jump to: 2024 top priorities Key Insights from the 2024 State of Tax Professionals Report Preparing your firm for the future In the ever-evolving landscape of tax and accounting, professionals are continually adapting to new challenges and opportunities.

Accounting Firms

ThomsonReuters

JUNE 16, 2023

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders.

Accounting Firms

ThomsonReuters

JULY 6, 2023

As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. From advising on mergers and acquisitions to specializing in accounting and advisory in your clients’ specific industry, there are many ways to take advantage of this unique opportunity.

Accounting Firms

ThomsonReuters

AUGUST 3, 2023

Instead, firms are embracing specialization to tailor their expertise and solutions to match the unique requirements of their target clients. Accounting firm specialization is a competitive edge Specialization allows tax and accounting firms to stand out from the crowd by offering the unique and specialized services their clients require.

Accounting Firms

ThomsonReuters

JUNE 16, 2023

Firm capability refers to the staff’s ability to successfully do the work that is expected of them, while firm resources are the components a firm needs to conduct business. The accounting profession is no stranger to long work hours and hefty workloads, especially during busy tax season. Let’s take a closer look.

Accounting Firms

ThomsonReuters

NOVEMBER 9, 2023

In an era of staffing shortages and scarcity of technical tax professionals , accounting firms must increasingly look outside the box to fill gaps in talent. Many firms are shifting their hunt for talent beyond the traditional accounting background.

Accounting Firms

ThomsonReuters

JANUARY 21, 2022

For many accounting firms, this could lead to new services being delivered or access to alternative market segments — both vital at a time when average revenue growth has slowed to 5.7% — the lowest in eight years according to the latest Rosenberg Survey. Giving you cost-effective access to new markets.

Accounting Firms

ThomsonReuters

MAY 5, 2022

If 80 percent of your time is spent managing clients who represent 20 percent of your revenue, getting rid of that 20 percent can free up a lot of time that is better spent on better clients,” said Greg Pope, Vice President of Marketing at SurePrep. Eliminating the frustration is a meaningful benefit to the firm.”.

Accounting Firms

ThomsonReuters

NOVEMBER 8, 2022

As companies emerge from the COVID-19 pandemic and face subsequent challenges resulting from The Great Resignation, technology has emerged as a necessity for small and large businesses alike. What is accounting technology? . Accounting?technology?is?the technology?is?the Tax workflow automation.

Technology

ThomsonReuters

MARCH 15, 2023

Keeping pace with the latest innovations in technology is important for any firm looking to remain competitive and better serve clients in today’s challenging environment. This is especially true for firms eyeing a capital infusion from private equity investor s. That is, if the firm is a good fit and has the right appeal.

Accounting Firms

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

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

ThomsonReuters

NOVEMBER 8, 2022

Today’s accountants must not only be up to date on the latest tax regulations, but also understand accounting technology and how it can be leveraged to boost efficiency, accuracy, and productivity. How is information technology used in accounting? Today, technology has changed the accounting industry.

Technology

ThomsonReuters

AUGUST 3, 2023

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. For all it can do, there are limitations to technology. This additional value is not captured in hourly pricing.

Technology

ThomsonReuters

APRIL 26, 2022

Tax and accounting firms of all sizes need dependable systems and procedures to deliver the best value to their clients. Finding the right accounting software for your firm will keep business records organized, improve operational efficiency, identify areas for improvement, and help you manage growth over time.

Accounting Firms

ThomsonReuters

AUGUST 2, 2022

A notable portion of today’s accounting curriculum in college is dedicated to teaching aspiring accountants how to use current accounting technology. And many graduates are likely looking forward to learning even more advanced technology on the job.

Accounting Firms

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

ThomsonReuters

DECEMBER 8, 2023

As technology has evolved, so too has the accounting profession. From paper-based processes to cloud-based software, accountants are no strangers to change. No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence.

Accounting Firms

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. The workplace is becoming more technology-driven. Tax and accounting firms can serve as a consultant for clients working through their path toward modernization.

Accounting Firms

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.

Accounting Firms

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

ThomsonReuters

MAY 19, 2022

“When a firm, or any other business, has been doing things the same way for 10, 20, or 30 years — and it has worked for 10, 20, or 30 years — there are blind spots,” said Greg Pope, Vice President of Marketing at SurePrep. based accounting firm Padden Cooper. Consider client preferences around technology usage.

Accounting Firms

ThomsonReuters

FEBRUARY 8, 2022

With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you. Respondents also indicated interest in receiving other services from their accounting firms. 2) Stand out from the competition.

Accounting Firms

ThomsonReuters

JULY 18, 2024

As a result, a growing number of firms are re-examining their business models to keep pace. This involves leveraging technology to drive greater efficiencies, broadening service offerings to remain competitive, and working to better attract and retain top talent. The good news is that firms are not powerless.

Accounting Firms

ThomsonReuters

NOVEMBER 28, 2023

As stewards of the profession, we must find new ways to attract more talented young people to the accounting world — and convince them to stay once we do. 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. Download report 2.

Start-ups

ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . The result? Assess your current processes and tech stack.

Start-ups

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

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

ThomsonReuters

SEPTEMBER 7, 2023

Clients are turning to their professional teams, including their accounting firms, to take on more advisory roles. For the accounting industry, to say having to “pivot” is an understatement. This is an exciting and challenging time for accounting firms. What is the future of accounting?

Accounting Firms

Benzinga

JANUARY 10, 2024

~ Preliminary unaudited full year 2023 sales increase 16% versus 2022 ~ ~ Acquisition adds highly differentiated micro machining capability in high growth end markets ~ ~ Schedules conference call for fourth quarter and full year 2023 results ~ PLANO, Texas, Jan.

Technology

ThomsonReuters

JULY 20, 2023

As technology continues evolving, the demand for advisory services has grown exponentially. Many firms have found themselves needing to stay up-to-date with the latest trends and technologies in order to remain competitive in the market.

Accounting Firms