ThomsonReuters

JANUARY 21, 2022

For many accounting firms, this could lead to new services being delivered or access to alternative market segments — both vital at a time when average revenue growth has slowed to 5.7% — the lowest in eight years according to the latest Rosenberg Survey. Giving you cost-effective access to new markets.

Accounting Firms 95

Accounting Firms Business Valuation Marketability Technology 95

ThomsonReuters

MAY 5, 2022

If 80 percent of your time is spent managing clients who represent 20 percent of your revenue, getting rid of that 20 percent can free up a lot of time that is better spent on better clients,” said Greg Pope, Vice President of Marketing at SurePrep. Eliminating the frustration is a meaningful benefit to the firm.”.

Accounting Firms 96

Accounting Firms Start-ups Technology Marketability 96

ThomsonReuters

MARCH 15, 2023

Keeping pace with the latest innovations in technology is important for any firm looking to remain competitive and better serve clients in today’s challenging environment. This is especially true for firms eyeing a capital infusion from private equity investor s. That is, if the firm is a good fit and has the right appeal.

Accounting Firms 64

Accounting Firms Technology Equity Compliance 64

ThomsonReuters

NOVEMBER 8, 2022

As companies emerge from the COVID-19 pandemic and face subsequent challenges resulting from The Great Resignation, technology has emerged as a necessity for small and large businesses alike. What is accounting technology? . Accounting?technology?is?the technology?is?the Tax workflow automation.

Technology 94

Technology Accounting Firms Start-ups Marketability 94

ThomsonReuters

FEBRUARY 24, 2023

For firms looking to sell, or ink deals with investment partners , how they leverage technology can have a major impact. M&A market heats up The M&A market is seeing an increase in activity. This is due, in part, to a growing number of private equity firms entering the accounting market. As Allan D.

Accounting Firms 59

Accounting Firms Private Equity Firm Technology Equity 59

ThomsonReuters

JULY 25, 2023

For today’s accounting firms, advanced technology is no longer an option but a necessity. To keep pace in an increasingly competitive landscape, forward-looking firms are investing in artificial intelligence (AI) solutions to automate tax workflow, open up additional revenue streams, and better serve clients.

Technology 98

Technology Accounting Firms Compliance Marketability 98

ThomsonReuters

NOVEMBER 8, 2022

Today’s accountants must not only be up to date on the latest tax regulations, but also understand accounting technology and how it can be leveraged to boost efficiency, accuracy, and productivity. How is information technology used in accounting? Today, technology has changed the accounting industry.

Technology 98

Technology Accounting Firms Start-ups Compliance 98

ThomsonReuters

AUGUST 3, 2023

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. For all it can do, there are limitations to technology. This additional value is not captured in hourly pricing.

Technology 98

Technology Accounting Firms Compliance Marketability 98

ThomsonReuters

APRIL 26, 2022

Tax and accounting firms of all sizes need dependable systems and procedures to deliver the best value to their clients. Finding the right accounting software for your firm will keep business records organized, improve operational efficiency, identify areas for improvement, and help you manage growth over time.

Accounting Firms 98

Accounting Firms Start-ups Technology Marketability 98

ThomsonReuters

AUGUST 2, 2022

A notable portion of today’s accounting curriculum in college is dedicated to teaching aspiring accountants how to use current accounting technology. And many graduates are likely looking forward to learning even more advanced technology on the job.

Accounting Firms 97

Accounting Firms Technology Compliance Marketability 97

ThomsonReuters

AUGUST 1, 2023

The cost of turnover can be enormous given the training and development costs most firms put into their new hires and the need for continuing professional education. To address this, many future-focused accounting firms are moving away from hourly billing and toward a value pricing model. hours per week.

Accounting Firms 98

Accounting Firms Technology Compliance Finance 98

ThomsonReuters

DECEMBER 8, 2023

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.

Accounting Firms 108

Accounting Firms Compliance Technology Marketability 108

ThomsonReuters

APRIL 15, 2021

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.

Accounting Firms 96

Accounting Firms Compliance Technology Finance 96

ThomsonReuters

JULY 13, 2023

If you’re part of a small or medium-sized tax and accounting firm, you may think artificial intelligence (AI) solutions are solely designed for large organizations – but think again. To learn more, let’s take a look at three ways accounting firms can use AI as a competitive advantage.

Accounting Firms 97

Accounting Firms Start-ups Compliance Technology 97

ThomsonReuters

JULY 6, 2023

If you’re a leader within an accounting firm, you’ve likely heard of advisory services and their lucrative impact. This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. But what accounting advisory services should your firm offer?

Accounting Firms 98

Accounting Firms Compliance Start-ups Marketability 98

ThomsonReuters

MAY 19, 2022

“When a firm, or any other business, has been doing things the same way for 10, 20, or 30 years — and it has worked for 10, 20, or 30 years — there are blind spots,” said Greg Pope, Vice President of Marketing at SurePrep. based accounting firm Padden Cooper. Consider client preferences around technology usage.

Accounting Firms 105

Accounting Firms Banking Technology Finance 105

ThomsonReuters

FEBRUARY 8, 2022

With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you. Respondents also indicated interest in receiving other services from their accounting firms. 2) Stand out from the competition.

Accounting Firms 105

Accounting Firms Technology Marketability Start-ups 105

ThomsonReuters

JULY 18, 2024

As a result, a growing number of firms are re-examining their business models to keep pace. This involves leveraging technology to drive greater efficiencies, broadening service offerings to remain competitive, and working to better attract and retain top talent. The good news is that firms are not powerless.

Accounting Firms 92

Accounting Firms Start-ups Technology Compliance 92

ThomsonReuters

NOVEMBER 28, 2023

As stewards of the profession, we must find new ways to attract more talented young people to the accounting world — and convince them to stay once we do. Baby Boomers are retiring in droves, younger accountants have less desire to become a partner, and a dwindling number of college students are entering the field. Download report 2.

Start-ups 112

Start-ups Technology Accounting Firms Compliance 112

ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . The result? Assess your current processes and tech stack.

Start-ups 105

Start-ups Technology Accounting Firms Compliance 105

ThomsonReuters

MARCH 13, 2023

More recently, in April 2022, New Mountain Capital announced a majority investment in professional services firms Citrin Cooperman.  These investments marked a notable transformation in the profession, with the realization among private equity firms that investing in large accounting firms can yield great returns.

Equity 59

Equity Accounting Firms Private Equity Firm Technology 59

ThomsonReuters

JANUARY 4, 2024

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.

Accounting Firms 78

Accounting Firms Technology Compliance Marketability 78

ThomsonReuters

SEPTEMBER 7, 2023

Clients are turning to their professional teams, including their accounting firms, to take on more advisory roles. For the accounting industry, to say having to “pivot” is an understatement. This is an exciting and challenging time for accounting firms. What is the future of accounting?

Accounting Firms 59

Accounting Firms Compliance Technology Marketability 59

Benzinga

JANUARY 10, 2024

~ Preliminary unaudited full year 2023 sales increase 16% versus 2022 ~ ~ Acquisition adds highly differentiated micro machining capability in high growth end markets ~ ~ Schedules conference call for fourth quarter and full year 2023 results ~ PLANO, Texas, Jan.

Technology 40

Technology EBITDA Accounting Firms Marketability 40

ThomsonReuters

JULY 20, 2023

As technology continues evolving, the demand for advisory services has grown exponentially. Many firms have found themselves needing to stay up-to-date with the latest trends and technologies in order to remain competitive in the market.

Accounting Firms 98

Accounting Firms Technology Marketability 98

ThomsonReuters

FEBRUARY 17, 2022

There is a field of study related to visual culture, which aggregates “visual events in which information, meaning, or pleasure is sought by the consumer in an interface with visual technology.” How is visual storytelling changing the way accounting firms communicate financial data?

Accounting Firms 52

Accounting Firms Technology Data Analysis Marketability 52

ThomsonReuters

JULY 6, 2023

There are several different areas of advisory to investigate, such as tax advisory , business advisory , M&A advisory , and accounting advisory. Not so long ago, manual data entry dominated an entry-level accountant’s day—from formatting financial statements to entering trial balance data.

Finance 98

Finance Accounting Firms Start-ups Technology 98

ThomsonReuters

JUNE 13, 2023

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. And if your firm currently offers advisory services, how do you know if you’re billing clients appropriately? What are advisory services? Why make the shift to advisory?

Accounting Firms 93

Accounting Firms Compliance Technology Marketability 93

ThomsonReuters

JULY 8, 2021

Rapid regulatory change, evolving customer needs, and tight competition for talent is forcing tax and accounting firms to rethink their technology and software tools. . Is your tax and accounting firm keeping up with the rapid pace of change or falling behind? . 4 Tips to Close The Technology Gap .

Technology 52

Technology Accounting Firms Start-ups Marketability 52

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. Traditionally, the revenue model for accounting firms has been a function of tax compliance transactions completed. Advisory services are more in demand than ever.

Start-ups 88

Start-ups Compliance Accounting Firms Technology 88

ThomsonReuters

AUGUST 8, 2024

In the rapidly evolving landscape of the accounting profession, the integration of AI-powered technology stands out as a pivotal factor that can accelerate a young professional’s journey toward becoming a partner. AI can enhance workflow management, automate billing, and improve overall operational efficiency.

Accounting Firms 52

Accounting Firms Technology Data Analysis Marketability 52

ThomsonReuters

APRIL 11, 2024

From a shrinking labor pool to ever-changing tax regulations to increased client demands, many accounting firms are dealing with high turnover and burnout amongst their staff members. The dawn of AI has the potential to revolutionize the tax and accounting profession by enhancing efficiency, accuracy, and insights.

Accounting Firms 52

Accounting Firms Data Analysis Technology Compliance 52

ThomsonReuters

JANUARY 29, 2024

Today’s accounting firm leaders are constantly grappling with two pivotal challenges: attracting top-tier talent and holding on to the people they have. The challenge for CPA firms is to create an environment and a career path that talented young people find appealing.

Technology 52

Technology Accounting Firms Marketability 52

ThomsonReuters

JANUARY 14, 2022

If someone in marketing has a typo, it may be embarrassing, but it rarely costs the company more than some pride. Being an accountant is different. Whether you are a remote worker or managing a full accounting firm, stop the burnout before it starts. Productivity tends to go down as their focus wanes. Set boundaries.

Start-ups 98

Start-ups Accounting Firms Marketability Technology 98

ThomsonReuters

APRIL 21, 2022

Medical practices have successfully embraced paperless technology for ease of access, data security, transparent communication, and convenience. Tax and accounting firms could easily adopt this practice to speed the adoption of modern technology. Gone are the days when ESG efforts were merely a public relations tactic.

Accounting Firms 59

Accounting Firms Technology Marketability 59

ThomsonReuters

JULY 30, 2021

But this same cautious approach has caused the accounting profession to fall behind other industries in adopting new technology and a digital first mindset that can help firms evolve their business. . Because of this, firms are missing opportunities to create efficiencies and better serve their clients. .

Start-ups 52

Start-ups Technology Accounting Firms Banking 52

ThomsonReuters

DECEMBER 29, 2022

Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ Consider this: the global business process outsourcing market size accounted for $241.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.9

Compliance 59

Compliance Accounting Firms Technology Marketability 59