INSIGHTS
Top 5 Trends Shaping Accounting’s Future
What trends will have the biggest impact on accounting firms and their clients over the next five years? How well-prepared are accountants to take advantage of these trends? These two questions were the focus of a new report by Wolters Kluwer, CCH, a global provider of tax, accounting, and audit information, software, and services.
Ramp up your accounting firm's tech know-how
Accounting firms with an aversion to technology and innovation could get left in the dust—in much the same way as many taxi drivers who have taken a hit from Uber’s surging popularity.
The future of automation and accounting
We’re quickly approaching an era of “no-code accounting” — truly zero data entry. But that’s not all automation will do for us in the future...
5 Benefits of Document Management Software
Responsiveness is one of the biggest determinants of success in the accountant-client relationship. However, the accounting industry has been slow to make the shift to document management software (DMS), resulting in a technologically imposed chasm.
Motivating Partners to Develop a Firm of Trusted Advisors
How can a CPA firm differentiate itself? Is it by having lots of expertise? No, many firms have expertise in accounting matters. Is it by the years of experience of their partners and staff? No, many firms have people with decades of experience. Is it by providing quality accounting and tax work? No, lots of firms provide accounting and tax work that satisfies their clients.
Art of Accounting: Tax Season is Supposed to Get Better
Tax preparation is a very serious undertaking that needs to be managed and continuously improved. This requires buy-in from partners, managers and the entire staff. The culture of the firm has to be where only the best work done the right way at the right time is acceptable.
Is It Time to Outsource Human Resources?
Professional employer organizations help free up business owners' time to focus on generating revenue. From payroll and human resource management to benefits and compensation, entrepreneurs can spend up to 40 percent of their precious day engaged in these necessary but time-sucking tasks.
Companies Seeking Accountants with Data Analytics Skills
Businesses are facing a significant shortage of accounting and finance professionals who have data analytics skills, according to a new report.
Boards Rely on Accountants for Help with a Crisis
The finance and accounting function can play a critical role in helping organizations navigate through a crisis. For a new report, A Crisis in Confidence, Deloitte Touche Tohmatsu and Forbes Insights surveyed 317 non-executives board members at companies in different parts of the world about how their organizations respond to a crisis.
Unethical Practices Alive and Well in Accounting Profession, Report Finds
Know any sneaks in the office? Someone creating misleading accounts for clients or a manager pressuring an accountant to look the other way about an adjustment? How about sleeping with a client? Yes? Then you’ve got plenty of company.
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