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How best-in-class tax software saves companies time and money

ThomsonReuters

In any large company, the idea of achieving greater “efficiency” is really an ongoing effort to increase profitability by finding ways to modify various systems, processes, and workflows in order to save time and money. A best-in-class tax engine saves companies money by: Automating routine, day-to-day tasks.

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How advancements in technology can impact your firm’s profitability

ThomsonReuters

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. Accounting firms who are equipped with these tools and information will be in a position to help their clients respond to these changes.

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Tax planning strategies to start the new year with

ThomsonReuters

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.

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How to prepare your business for participating in a Foreign Trade Zone (FTZ) program

ThomsonReuters

Find out about best practices and how to set up an FTZ in a Thomson Reuters webinar What are the benefits of a Foreign Trade Zone? By utilizing an FTZ, businesses can save money, reduce paperwork, and gain access to greater flexibility in their operations. Almost anything except retail can be done in an FTZ—e.g.,

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Spotlighting Women in Advisory Practice: “We needed to focus on what people wanted,” says Erin Heath, CPA

ThomsonReuters

There are many paths to accountancy, but this is one we don’t hear of often:  Erin Heath   grew up on a cattle ranch in South Dakota, where many of her “ranch-hand” duties sparked her interest in numbers. But it was an introduction to accounting class in high school that paved the way. “It It was love at first sight,” she recalls. “I

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M&A Deal Killers: Business Deal Breaker #5

Viking Mergers

Buyers find added value in a business whose accounting procedures reduce their go-forward risk. Failing to establish a meticulous habit of reconciling bank statements, credit card statements, and other financial accounts can cause inaccuracy in financial statements and other reports as well.

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How Can I Sell My Business Fast?

Viking Mergers

Overall, working with a business broker is the best way to sell your business fast. Business brokers specialize in the buying and selling of businesses, and they can save you a great deal of trouble compared to selling on your own. Is There a Best Time of Year to Sell a Business? Be sure to follow these 5 foundational steps: 1.