article thumbnail

Why accounting firms should become business advisors

ThomsonReuters

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.

article thumbnail

The Big 4’s Tax Problem

NYT M&A

is reportedly reviewing conflicts of interest at top accounting firms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is tax advisory?

ThomsonReuters

This shift places your unique knowledge and expertise at the center of your value proposition. Most tax and accounting firms build their business model on the number of tax returns completed. Making the transition to advisory If you want to modify your firm’s current offerings, Thomson Reuters has you covered.

article thumbnail

Are you ready? The Corporate Transparency Act becomes effective Jan 1, 2024

ThomsonReuters

This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. According to a recent Small Business Administration report , 27,104,006 small businesses were termed “nonemployer firms” and had no employees.