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How AI can transform the way accountants work — for the better

ThomsonReuters

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.

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The Big Shift: Positioning your firm to help clients evolve

ThomsonReuters

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.

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7 ways to attract and win new tax clients

ThomsonReuters

A rise in tax regulations, globalization, an influx of innovative technologies, and a greater demand for “always on” access makes it an exciting time for tax and accounting professionals to be in business. Respondents also indicated interest in receiving other services from their accounting firms.

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The future of 1040 tax preparation: A digital transformation guide?

ThomsonReuters

They want to do a better job at using technology to streamline data collection, automate data entry, enhance the review process, and improve service delivery. It also lets firms enjoy the promised return on investment (ROI) that accompanies such upgrades. Advanced scan and populate software is the most powerful tool a firm can employ.

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Capturing advisory opportunities: Where is your firm in its journey to advisory?

ThomsonReuters

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. All this, alongside the more traditional tax preparation, payroll, and accounting/bookkeeping services that your clients have come to know and trust.

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Still on the fence about remote audit? Here’s a business case.

ThomsonReuters

Jump to: Laying the foundation for remote audit work Tools that enable remote audit work Maximizing remote audit capabilities Like many facets of tax and accounting, auditing has undergone a significant transformation in recent years driven by rapid advancements in technology. The post Still on the fence about remote audit?

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Building a connected ecosystem: Integrating APIs for seamless accounting workflows

ThomsonReuters

Like many industries, the accounting profession is in the midst of profound change. The impetus behind this transformation is technology—and the firms who are moving fast to leverage it are boosting productivity, strengthening client relationships, and staying ahead of the competition. Real-time data syncing.