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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.

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What is tax advisory?

ThomsonReuters

While accountants often focus solely on preparing and filing tax returns, tax advisors develop personalized strategies to reduce risk and optimize the latest tax laws to their clients’ advantage. Making the transition to advisory If you want to modify your firm’s current offerings, Thomson Reuters has you covered.

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

ThomsonReuters

However, the effective date of the Corporate Transparency Act is fast approaching on January 1, 2024, and people are starting to panic. This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. The post Are you ready?