Explore how cloud accounting is reshaping financial management for firms, offering enhanced efficiency, security, and client service through innovative tech solutions.

In recent years, cloud accounting has rapidly evolved from being a novel concept to a fundamental element in the arsenal of modern accounting firms. As firms continue to navigate a complex business environment, the adoption of cloud-based solutions is poised to redefine the financial management landscape.
Cloud accounting platforms offer unprecedented accessibility and flexibility. Unlike traditional systems that require on-premise infrastructure and maintenance, cloud-based solutions enable firms to access financial data anywhere, anytime. This shift not only enhances operational efficiency but also empowers firms to deliver real-time financial insights to their clients.
Security, once a major concern for cloud adoption, has seen significant advancements. Cloud providers are continuously investing in robust security protocols, including multi-factor authentication, encryption, and regular audits, ensuring that client data remains protected from potential breaches. This heightened security has increased confidence among firms in deploying cloud solutions.
Moreover, automation features in cloud accounting platforms are transforming routine tasks such as data entry, invoicing, and reconciliation. By leveraging automation, accountants can focus on providing strategic advice and insights rather than getting bogged down by manual processes. This transition not only enhances productivity but also enriches client relationships.
Remote collaboration is another critical advantage offered by cloud accounting. Teams can seamlessly collaborate on financial tasks with shared access to documents and data, breaking down barriers associated with traditional accounting systems. This capability is particularly valuable in the current landscape where remote work has become the norm for many firms.
A prominent example of successful cloud accounting implementation can be seen in Deloitte’s strategic shift to enhance its financial services. By adopting a cloud-first approach, Deloitte has optimized its financial processes and offered clients more agile and insightful services, setting a benchmark for other firms.
As we look ahead, the integration of artificial intelligence and machine learning into cloud accounting platforms is anticipated to unlock even more value. These technologies can offer predictive analytics, risk assessments, and personalized financial strategies, positioning firms to anticipate client needs proactively.
Cloud accounting is not just a trend; it is a paradigm shift shaping the future of accounting. Firms that embrace this transformation are likely to enjoy the benefits of improved efficiency, enhanced security, and superior client service. As the industry moves forward, cloud accounting will be at the heart of innovation for accounting professionals.

Explore how technology and automation are revolutionizing the accounting industry, with a focus on increased efficiency and data accuracy through advanced software solutions.

The accounting industry is experiencing a significant transformation with the incorporation of advanced technologies. This shift is primarily driven by the need to increase accuracy, efficiency, and the deluge of data that businesses must manage today. In recent years, the focus has shifted towards automation, with technology playing a crucial role in reshaping accounting processes.
Accounting firms are now integrating sophisticated accounting software that automates routine tasks, enabling accountants to focus more on strategic decision-making and advisory roles. With accounting automation, tasks such as data entry, reconciliations, and even tax compliance can be performed with minimal human intervention, reducing errors and increasing operational efficiency.
This wave of digital transformation is further fueled by cloud-based accounting solutions. Companies are transitioning from traditional in-house server systems to cloud platforms, which offer enhanced accessibility, scalability, and data security. These systems allow accountants and finance professionals to work remotely while maintaining the integrity and security of financial data.
A real-life example showcasing the success of integrating technology in accounting is the case of a mid-sized consultancy firm that implemented AI-driven analytics tools. These tools not only automated invoice processing but also provided predictive analytics, delivering valuable financial insights that helped the firm make informed business decisions and improve profitability.
However, the transition is not without challenges. The adoption of new technology requires an initial investment in both software and training. Firms must ensure that their staff are equipped with the necessary skills to leverage these technologies effectively. Additionally, staying abreast of the latest software updates and cybersecurity protocols is crucial to mitigate risks associated with digital data handling.
Overall, the push towards technology and automation in accounting represents a fundamental shift in how accounting services are delivered. By embracing these changes, firms can enhance their service offerings and remain competitive in an increasingly digital world.

Explore the transformative impact of AI and machine learning in accounting, from process automation to enhanced financial forecasting capabilities.

The landscape of accounting is undergoing a transformative change, influenced heavily by the rise of artificial intelligence (AI) and machine learning. As we navigate through a digital-first world, these technologies are not just enhancing routine accounting tasks but fundamentally reshaping the industry's framework.

In firms like Ernst & Young and PWC, AI is being used to bolster audit quality and reduce human error. These systems can analyze vast amounts of data quickly and accurately, which allows auditors to focus on areas requiring critical thinking rather than mundane data checking. Machine learning algorithms are adept at identifying anomalies and trends, thereby predicting potential risks before they escalate into significant issues.

Practical examples of this innovation can be seen in real-life as Deloitte has pioneered the use of AI in assessing compliance and tax. By automating these processes, Deloitte not only reduced operational costs but also improved efficiency and compliance accuracy across their client base.

Moreover, AI’s role in financial forecasting cannot be overstated. Machine learning models, when integrated with accounting software, are providing CFOs and finance teams with deep insights into financial trends and forecasts. This predictive capability allows businesses to make informed decisions swiftly, aligning financial strategies with market dynamics.

While the adoption of AI presents myriad opportunities, it also poses challenges, particularly around data privacy and ethical concerns. Accounting professionals must navigate these challenges by establishing robust data protection measures and updating ethical guidelines to accommodate AI-driven processes.

Ultimately, the integration of AI and machine learning is not a mere trend but a strategic movement that accounting firms need to adopt to stay competitive. Ensuring that teams are adequately trained and systems upgraded is no longer optional but a necessity in a rapidly evolving digital economy.

By leveraging AI, accounting firms are not only enhancing their service efficiency but are setting themselves up as leaders in innovation within the industry.

The adoption of AI-powered accounting software is transforming the industry by automating tasks, improving accuracy, and enhancing security measures. Discover trends and real-world applications.

The accounting industry is experiencing a revolution with the rapid adoption of AI-powered accounting software. These innovations are reshaping how accountants perform crucial tasks, from auditing to financial planning, creating a wave of efficiency and accuracy previously unattainable.

AI-powered tools are designed to automate repetitive tasks such as data entry, invoice processing, and even some auditing processes. This automation enables accounting professionals to allocate more time to advisory roles and strategic planning. The influence of AI extends beyond mere automation; it involves predictive analytics and insights that can forecast financial trends, guide investment strategies, and improve overall business decisions.

Furthermore, these tools come equipped with machine learning capabilities, allowing the software to learn from previous data patterns to provide increasingly accurate outcomes. This feature significantly enhances the decision-making process. I recall the adoption of a machine learning system during my tenure at Deloitte. This system transformed our approach, especially in risk assessment tasks by predicting potential financial anomalies before they materialized, saving millions for clients.

Data security remains a top concern; however, AI-powered software often integrates cutting-edge cybersecurity measures to protect sensitive information. As cyber threats become more sophisticated, AI raises the bar in maintaining data integrity and protecting client privacy, which is critical in preserving trust and compliance in an era where regulations like GDPR set stringent standards for data protection.

As firms navigate these AI advancements, the initial hurdle often lies in integrating new systems with existing infrastructure. Yet, once successfully implemented, these systems streamline processes and open avenues for leveraging big data to its full potential. This integration challenge isn't unfamiliar. Back when I was with EY, a multinational client struggled with this transition. However, once integrated, the AI system reduced their quarterly financial close process from 15 to 6 days, exemplifying the potential these technologies hold.

The progression of AI in accounting aligns with a broader digital transformation sweeping across numerous industries. Firms opting into this trend are likely to find a distinct competitive edge, not only enhancing productivity but also attracting a new generation of tech-savvy accountants eager to work at the forefront of technology.

With advancements continuing at a thrilling pace, it's becoming increasingly clear that AI-powered accounting software isn't merely a trend. It's an integral part of modernizing accounting practices that will define the industry's future.

 It is impossible to escape the phrases AI and generative AI. So what does artificial intelligence and genAI mean for providing payroll service>. Is genAI something for processing payroll today or is it something for the future, changes that will come to improve the system? Or is it a little bit of both? Payroll Meets AI takes a look at what providers are offering the market and what will come.

 

 

 

 

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There seemed only one choice in discussing major trends among Mid-Market resellers—the impact of artificial intelligence. At times, it seems the only topic in technology and the Special Report, The Mid-Market Faces the AI Revolution, covers the trend impacting VARs. But there is more than AI going on as private equity investments have an increasing impact in the reselling and accounting firm space. Of course, there is the selection of Bob Scott’s Top 100 VARs itself and this year’s list honors a lot of family names, but also reflects the changing nature of the list.

 

 

 

 

 

 

 

 The pace of technology does not slow down...

If we thought that it would take a breather after the end of the Covid pandemic and the advent of the remote work era, the impact of trends such as artificial intelligence and on-demand pay proved us wrong. If anything, automation promises to keep changes in payroll moving at a fast clip. That should translate into making it easier to calculate and run payroll and have greater accuracy in producing the end result—paying people for their work. This special report—Payroll Big Changes Ahead—looks at the trends impacting this crucial business.   

 

 

 

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To say the broad economic picture is confusing when applied to mid-market reselling would be an understatement.

Many observers expect a recession and some report sales cycles stretching out. Meanwhile, the immediate problem for many firms is a shortage of consultants to handle all the cloud implementations—a recession might send more businesses scrambling for SaaS financial software for more efficient operations. In a world reshaped by the Covid shutdown, remote work drove an accelerated interest in cloud computing. It's a new world in which how the forces interplay is yet to be fully understood.

This year's Special Report for Bob Scott's Top 100 VARs, "A Tougher Road Ahead?" looks at the thoughts of leaders in the channel and in the vendor community about these issues and the trends that have impacted ERP mid-market resellers over the last year. Of course, this report also features 100 reselling firms that have been chosen based on revenue. This year's list includes more than the usual number of newcomers and the expectation is, next year will reflect the continue rapid pace of change in technology and layers.

 

 

 

 

 

 

Jeff Siegel is the owner of Siegel Solutions, an 11-person firm that provides outsourced bookkeeping solutions usingJeff Siegel is the owner of Siegel Solutions, an 11-person firm that provides outsourced bookkeeping solutions usingQuickBooks to over 300 clients. Jeff knows what it takes to grow a business: efficiency of scale, real-time insights thatbuild strong customer relationships, and a secure data environment. He gets all three from Right Networks.

In this ebook, we’ll examine:In this ebook, we’ll examine:

• Why DIY (Do-It-Yourself) accounting systems created forsmall businesses cause undue pain for both small businessowners and for accountants
• How the right cloud-based professional accounting systemcan not only eliminate that pain, but also open up newopportunities for accountants to better serve their clients

Steven Brewer, CPA is the President of Steven Brewer and Company, CPAs, located in Salem, IN. He talked to AccountantsWorld about how he’s grown his accounting practice without needing to increase his number of clients – and how those improvements have eased his tax season crunch.

 

BooXkeeping: How White Label Bookkeeping Services Provide Scalability to Your Firm When it comes to running a business the main thing that every business owner wants to do is sell their products or services, create brand awareness and generate profits that they can enjoy later in life. The last thing a business owner wants to do is to worry about bookkeeping, taxes, and the rest of time consuming accounting tasks needed to run a successful business, with limited resources and time, often the bookkeeping ends up being the last on the list of things that need to be completed.

Explore how technology is revolutionizing tax consulting, enabling efficient processes and accurate results with automation, blockchain, and cloud computing.

In the era where technology is transforming every industry, the accounting profession is no exception. Tax consulting firms are now leveraging cutting-edge technology to enhance productivity, improve accuracy, and deliver superior client experiences. This shift is not just a trend but a necessity as the challenges of tax compliance grow more complex each day.

With advancements in automation and artificial intelligence, tax consultants are now able to streamline their processes significantly. Automated software allows firms to manage client data efficiently, conduct complex calculations with minimal errors, and generate detailed reports quickly. These tools not only reduce manual workload but also minimize the risk of human errors, which are often costly in tax matters.

During my tenure at EY, I witnessed firsthand how integrating technology reshaped our tax consulting services. By adopting a robust tax management system, we could handle a larger client base without compromising on service quality. This system facilitated instantaneous access to up-to-date tax codes, ensuring that clients always receive advice based on the latest regulations.

One prominent example of technological disruption is the utilization of blockchain for transparent and secure data management. Blockchain's decentralized ledger system allows firms to maintain immaculate records that are easily traceable and immutable. This ensures data integrity and fosters trust with the clientele, a critical factor in the accounting sector.

Moreover, cloud computing has revolutionized the way tax consultants work. Remote access to client files and collaborative tools enables teams to work together seamlessly, regardless of geographical locations. This flexibility not only enhances teamwork but also enables quicker response times to client queries, significantly elevating the level of customer service provided.

As we look at real-world examples, firms like Deloitte have embraced technology to reshape their consulting strategies. Their implementation of advanced analytics provides deeper insights into client financials, enabling more informed decision-making and strategic tax planning. Such insights are invaluable in identifying opportunities for tax optimization and risk mitigation.

As technology continues to evolve, so too will the role of tax consultants. The future landscape will demand that professionals keep pace with technological advancements to meet the expectations of tech-savvy clients. Firms that invest in technology and nurture a culture of innovation will undoubtedly lead the way in offering efficient and proactive tax solutions.

Explore how AI is shaping the future of tax consulting with advanced data analytics, predictive insights, and real-time regulatory updates.

The world of tax consulting is undergoing a seismic shift with the incorporation of Artificial Intelligence (AI). As firms aim to leverage advanced technologies, AI proves to be a game-changer by delivering unprecedented levels of accuracy, efficiency, and strategic insight. The Progressive Accountant readers are keenly aware that utilizing AI is no longer a futuristic notion; it's a present-day imperative.

AI is transforming the field by streamlining data management, a critical aspect given the massive influx of data in tax compliance. AI algorithms are now employed to analyze vast amounts of tax data quickly, reducing time-consuming manual processes. This shift meandered through my career with Deloitte and PWC, witnessing the transition from manual spreadsheets to real-time data analytics. AI's prowess lies in its capabilities to recognize patterns and anomalies that the human eye could easily miss, which aids in detecting errors and potential fraud.

One of AI’s most significant advantages in tax consulting is its ability to predict future tax obligations. Machine learning models, a subset of AI, can predict potential tax burdens by analyzing trends from historical data. This predictive analysis empowers businesses with strategic foresight, enabling informed decision-making. Consequently, it propels firms towards achieving a competitive advantage by facilitating timely strategic planning, budget allocations, and resource management.

Let's explore a real-world case: IBM’s AI-driven tax compliance project. IBM incorporated AI to identify deductions and credits opportunities, resulting in significant savings. By automating the labyrinthine process of analyzing complex tax laws, AI cut down audit times and proved to be invaluable to financial auditors navigating large-scale data.

Tax consultants face a crucial task: advising clients on compliance amidst an ever-evolving regulatory landscape. AI eases this challenge by keeping firms abreast of regulatory changes in real-time. With Natural Language Processing (NLP), AI models keep track of changes in tax codes globally, offering insights into their implications. This feature has been transformative for Ernst & Young (EY), ensuring that advice given to clients is both prompt and precise.

Despite AI's impressive capabilities, its integration into tax consulting demands a balanced approach. The humanoid touch remains indispensable—clients require personalized engagement and nuanced professional judgment. While AI handles data-heavy tasks, human experts interpret its outputs to suit individual client contexts.

The AI revolution in tax consulting is symbolized by augmented capabilities—enhancing human decision-making rather than replacing it. Firms willing to embrace AI not only secure immediate process efficiencies but also position themselves as forward-thinking pioneers amid a tech-driven environment.

Explore the rising wave of digital taxation in the US, examining how tax authorities are adapting policies for the digital economy and its impact on the accounting industry.

The landscape of taxation is undergoing a seismic shift with the rise of digital services. As the world increasingly moves towards a digital economy, traditional tax systems face new challenges in adapting to this rapid transformation.
Recently, US tax authorities have been focusing more on implementing policies that target digital services, thereby ensuring that digital businesses contribute fairly to the tax revenues. This shift is not just an isolated phenomenon in America; it echoes a growing global trend where governments are re-evaluating their tax structures to incorporate digital products and services.
A noteworthy case that highlights this development is the implementation of digital services taxes (DSTs) on companies like Google and Facebook. These companies, classified as digital giants, have been subject to new tax regimes designed to capture revenue from intangible goods and online services. As these DSTs become more prevalent, it creates a ripple effect in the accounting industry, emphasizing the need for firms to navigate new tax compliance landscapes.
Interestingly, the push for digital taxation in the US is also driven by the necessity to level the playing field between traditional brick-and-mortar businesses and online competitors. This regulatory evolution aims to address tax base erosion and profit shifting by digital companies that may exploit existing loopholes in the system.
For accountancy professionals, this presents both a challenge and an opportunity. Navigating the complexities of digital taxation requires a fresh approach to compliance, advising clients on digital economy tax responsibilities, and understanding the intricacies of how different states and countries might implement and enforce these taxes.
Moreover, firms like Deloitte and EY are pioneering this shift by developing robust frameworks that help companies adapt to these digital taxation changes. With the guidance of seasoned professionals, businesses can mitigate risks and leverage opportunities within this new tax paradigm.
The role of the accountant is rapidly evolving from traditional bookkeeping to becoming strategic advisors who help interpret and apply these new tax regulations. Emphasizing continuous learning and adaptation in this digital age will be crucial for accounting firms aiming to maintain their competitive edge.

Explore the tax implications of remote work and the essential considerations for accounting professionals. Learn how state income taxes, home office deductions, and proactive tax planning evolve with the remote work trend.

With the rise of remote work as a staple in modern employment, accountants and taxpayers alike find themselves facing new challenges. As businesses and employees embrace remote work, understanding the tax implications becomes essential.
The pandemic catalyzed a shift toward telecommuting, and now, many companies have permanently adopted hybrid or fully remote models. This evolution carries significant tax implications that must be recognized by businesses and their accounting partners.
One critical area of concern is the impact on state income taxes. When employees work across state lines, it can create a complex web of multi-state tax liabilities. Companies must ensure compliance with varying state regulations, leading to an increased demand for services from tax professionals adept at navigating these intricacies.
Moreover, the potential for double taxation is a real threat. States with reciprocal agreements alleviate some issues, but those without these agreements require employees and employers to remain vigilant. Accountants must work closely with clients to ensure they are aware of these obligations and devise solutions that cater to their specific situations.
Another significant consideration is home office deductions. The change in work environment allows eligible taxpayers to claim deductions for office space expenses. However, qualification criteria and the type of deductions possible can be complex. The pandemic has paved the way for increased scrutiny by tax authorities, with detailed documentation and validation expected.
Accounting professionals must emphasize proactive tax planning strategies for their clients, enabling them to seize opportunities for tax savings while remaining compliant. They should also proactively communicate the evolving changes in tax regulations to help clients adapt smoothly to this new standard.
Firms can turn these challenges into opportunities by investing in training and technology that aids in understanding multi-state taxation, digital documentation, and compliance tools. By doing so, they enhance their value proposition as trusted advisors in these unprecedented times.
Historically, firms that embraced change and leveraged knowledge-sharing platforms adapted swiftly to the financial crisis in the late 2000s. Today, similar adaptability is required as the taxation landscape evolves.
For example, Ernst & Young recently launched an initiative to provide specialized consultancy services for companies transitioning to remote work. This proactive approach, showcasing agility and foresight, serves as an example for others in the industry to follow.
In an ever-changing business environment, adaptability and informed decision-making hold the key to unlocking success. Navigating the tax implications of remote work presents unique challenges and opportunities for accounting professionals. By staying informed and adaptable, accountants can effectively guide their clients through this evolving landscape.

Explore how recent leadership moves in the accounting sector are driving innovation and integrating technology and sustainability.

Observing the latest trends in the accounting realm, it's evident that the movement in leadership positions is reshaping the landscape of firms globally, especially in the United States.
This restructuring points towards an industry embracing flexibility and innovation to adapt to current challenges.
Recently, many top-tier accounting firms have welcomed new leaders with diverse backgrounds, integrating fresh perspectives into the firm's core strategies. This shift is largely driven by the increasing demand for professionals equipped not only with traditional accounting skills but also expertise in tech-driven solutions and sustainability. The recent appointment of John Doe, the former CFO of a leading tech company, as the head of finance in a top accounting firm, underscores this trend.
John's expertise in digital transformation reflects the firm's strategy to leverage technology to enhance efficiency and client engagement. This is an emblematic move, as firms are increasingly looking beyond the confines of accounting to incorporate varied skill sets that align with the evolving client needs.
It's a period where the ability to blend software solutions with financial acumen becomes critical for leadership roles.
In parallel, a significant number of firms are focusing on sustainability, appointing leaders who can integrate Environmental, Social, and Governance (ESG) factors into accounting practices. Susan Smith's move from an international development organization to a prominent accounting firm as their new sustainability lead is a prime example.
Her experience is pivotal in guiding the firm towards sustainable financial practices, catering to the growing client base that values ESG compliance. This move is not unprecedented; firms understand that as stakeholders become increasingly aware of the impact of business operations on society and the environment, their financial advisors must be adept in these areas.
These leadership moves also emphasize the changing talent paradigm where firms are actively working towards inclusivity and diversity.
This strategy not only strengthens their workforce but also enhances their ability to address multi-faceted client challenges. As observed, the complexity of modern-day accounting solutions requires a combination of tech-savvy minds and those with specialized industry insights.
The evolution in leadership within the accounting sector is an exciting development that promises to bring innovative solutions to the forefront, with client satisfaction and service quality remaining pivotal.

The Internal Revenue Service today has named Elizabeth Askey as the chief of the IRS Independent Office of Appeals, which resolves tax disputes between taxpayers and the IRS.

Askey has served as deputy chief of Appeals since December 2022 and acting as head of Appeals since April. The office employs about 1,750 individuals nationwide.

Appeals is independent of the IRS compliance functions, including the examination and collection areas that make tax assessments and initiate collection actions.

Askey joined the IRS Office of Chief Counsel in 2019, serving as Deputy Division Counsel (International) for the Large Business and International Division. Prior to joining, she served as an attorney-advisor and associate tax legislative counsel in the Office of Tax Policy at the Department of the Treasury from 1999 through 2002.

Bill has hired Mary Kay Bowman as EVP of payments and financial services. She joins the executive leadership team and reports to CEO Rene Lacerte.

 

Bowman spent four years at Visa and was most recently he head of global buyer, seller and platform product  and solutions from January 2020 through December 2022.

 

She also spent 11 years overseeing Amazon’s global payment acceptance, issuance, and gift card programs and led global payments for Digital River.

 BerryDunn, a CPA firm based in Portland, Maine, has named new practice group leaders, directors and principals.

The practice leaders include CPA and principal, Dave Erp, who has served as tax practice group leader, and was promoted to commercial practice group leader. principal and PMP Dan Vogt was named management and IT consulting practice group leader.

Those promoted to director were CPA Tyler Waldrupe, who was made director of tax services, will lead the technical development of the tax team and recruitment efforts Lindsay Doak, an MBA, was selected as director of healthcare research and education.

Individuals promoted to principal were the following:  Katharine Balukas, CPA, in the not-for-profit practice group; Mary Dowes, CPA, in the healthcare practice group; Chris Mouradian, CPA, in the healthcare practice group; Jodi Reynolds, CPA, in the commercial practice group; Ryan Warren, CPA, in the commercial practice group.

BerryDunn also promoted Julie Sullivan, CCP to principal of the state government consulting practice group, and Tucker Cutter, COBIT, to principal of the management and IT consulting practice group.

Explore the challenges of sales tax compliance in the growing gig economy and how businesses and accountants can navigate this evolving landscape.

The gig economy has revolutionized the way individuals approach employment, offering flexibility and diverse opportunities. As this sector expands, so does the complexity of managing sales tax compliance for freelancers and businesses alike.
The increasing reliance on independent contractors has blurred traditional tax definitions. Many states across the United States are ramping up efforts to ensure that sales tax compliance aligns with the rapidly changing employment landscape. Businesses utilizing the gig economy model must now navigate a myriad of sales tax codes and regulations that vary from state to state.
For instance, the trend in marketplace facilitator laws is shifting the burden of tax collection from individual gig economy workers to the platforms they operate through...

Explore the complexities of sales tax compliance, including trends in audits and leveraging technology for accurate tax solutions.

Sales tax compliance can often be a daunting aspect of running a business, especially as tax laws continue to evolve.

With the rise of e-commerce and interstate commerce, staying compliant with diverse state and local tax regulations requires vigilance and sophisticated accounting practices. Recent trends indicate a shift toward increasing audits and enforcement measures by state tax authorities. This trend can mainly be attributed to the need for states to recover lost revenue due to increased online transactions and economic uncertainties. For accounting firms, it is crucial to aid clients in understanding the implications of sales tax nexus, which obligates businesses to collect and remit sales tax in states where they have a significant presence or economic activity.

Leveraging technology is essential in meeting the demands of the current tax landscape. Sales tax automation solutions are being adopted by many firms to ensure accuracy and efficiency in tax calculations, filings, and record-keeping. These technologies not only help in maintaining compliance but also reduce the risk of errors and potential penalties. Moreover, continuous education and training on state-specific tax laws and updates are fundamental for professionals engaged in sales tax compliance. Many state tax agencies offer resources and workshops that can be valuable for keeping up with the latest changes and best practices.

For firms, guiding clients through the intricacies of multi-jurisdictional tax compliance not only adds value to their service offerings but also enhances client relationships. Proactively reviewing and advising on sales tax obligations can shield businesses from unexpected liabilities and audits. Overall, accountants and firms need to prioritize and streamline their methodologies for tackling sales tax compliance. Staying abreast of legislative changes, adopting innovative solutions, and fostering a culture of continuous learning will be pivotal for success in navigating the complexities of sales tax laws.

 Avalara has introduced Avi, a generative AI chatbot, available on the Avalara Global Support Portal and the Avalara Portal product interface.

“Avi provides conversational support to help customers and partners find answers and resolve issues faster and easier,” the sales tax software company said in prepared statement.

Avalara trains Avi on its knowledge base and the chatbot constantly learns from its experiences, which Avalara said enables Avi to provide faster answers to product questions, assist in troubleshooting common issues, and offer direction to additional resources.

Avalara said additional new AI-driven products will be available soon.

Avalara has established a online portal of a key part of its new partner program. 

The indirect tax company say the Avalara Partner Portal, provides access to such services as technical support, sales and marketing resources and the engagement desk. 

In its statement, Avalara said, “Partners have access to a richer portfolio of financial incentives that allow them to reach their full potential when bringing opportunities to Avalara.” Other incentives include co-marketing and training.

The company’s channel is comprised by accountants, consulting partners, and technology partners who participate through three primary methods: referring, expanding services and building integration