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Startup Survival Rates: The Risk Factor in Valuation You Should Think More About

Equidam

When Y Combinator’s demo day showcases 250 promising startups to a room of eager investors, there’s an uncomfortable truth lurking beneath the pitch decks and growth projections: half of these companies will fail , with 1 in 5 shutting down within the first 12 months. Outside of Y Combinator, the rate is higher.

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Strategies for identifying and converting clients for advisory services

ThomsonReuters

Ushering in this shift is the fact that AI-driven tax technology can automate most traditional compliance work and provide data-driven insights that enable firms to engage clients in a more profitable and impactful way. If you’re ready to embrace advisory services, explore Practice Forward below and request a demo today!

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Best Financial Innovation Labs 2025

Global Finance

Wenov’s WeLab experiments with emerging technologies. In 2024, Wenov purchased more than $750,000 of these technologies. Currently, lab activities focus on the adoption of cutting-edge technologies in fields such as the metaverse, mixed reality, decentralized finance, and AI. The lab has focused heavily on AI and automation.

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How to efficiently file a business tax return: A workflow guide for accounting firms

ThomsonReuters

As tax regulations and technology evolve, firms that prioritize process refinement stay agile. Enabling a shift to advisory services Efficiently filing a business tax return requires a structured, technology-driven workflow that minimizes errors and maximizes productivity.

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How to efficiently file individual income tax returns: A workflow guide for accounting firms

ThomsonReuters

Harnessing technology for individual income tax return filing can transform the efficiency of accounting firms. This is the center of the workflow process and is often where firms spend a great deal of their time — particularly those firms not using the latest technology to drive greater automation.

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AI as a catalyst for talent retention strategies in tax and accounting firms

ThomsonReuters

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. Its a win-win.

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Why firms are choosing CoCounsel as their AI tax assistant

ThomsonReuters

If you’re ready to transform your tax practice with an industry-specific AI tax assistant, and reclaim your strategic role, reach out for a demo of CoCounsel Tax today.