It should come as no surprise that managing an accounting firm has become more complex over the years. Accounting firm leaders are navigating increasingly complex tax legislation and accounting standards, managing a blended workforce, juggling complicated internal projects, and client needs.
Tax & AccountingApril 13, 2023
Managing complexity in a modern firm
As internal and external complexity has growth, so has an interest in automation and outsourcing. While both strategies have value, they're not a magic bullet that will solve the challenges firms face today. Rising to the challenge requires a focus on three areas: people, process and technology.
When faced with the task of improving and optimizing talent, processes, and technology, many firm leaders feel overwhelmed. They’d prefer to select one or two to focus on and worry about the rest at a later date.
But focusing on only two elements is like trying to build a two-legged stool; you may save on time and costs now, but the finished product won’t be functional.
In this white paper, we’ll share why things go wrong when you fail to focus on all three legs of the stool and the trends and strategies you can start putting into place in each of these areas. We’ll also highlight a few tools to help you in all three areas.
Complete the form below to download the white paper and keep reading.
Firm Management
Learn how firm management can help your firm be more efficient, meet growth targets, and adapt to changing business environments.
Related Insights
-
ArticleComplianceTax & AccountingApril 25, 2024IRA beneficiaries and required distributions: Tax relief extended into 2024 for certain beneficiariesDue to the many IRA rule changes in recent years and the challenge of staying abreast of these changes, the IRS has granted relief to beneficiaries of IRAs allowing the necessary time to better understand the rules.
-
ArticleTax & AccountingApril 05, 2024eBook: How Tax and Accounting Firms Supercharge Efficiency With a Digital WorkflowOur ebook outlines three productivity challenges your firm can solve by automating data collection and input with CCH digital tax solutions.
-
ArticleComplianceTax & AccountingApril 05, 2024Tax relief for victims of Rhode Island severe storms and flooding: IRA and HSA deadlines postponedDue to destruction caused by severe storms that took place in parts of Rhode Island beginning December 17, 2023, the IRS has announced that affected taxpayers will receive tax relief. As a result, certain IRA and HSA deadlines are extended.
-
ArticleComplianceTax & AccountingApril 05, 2024Tax relief for victims of Rhode Island severe storms and flooding: IRA and HSA deadlines postponedDue to destruction caused by severe storms that took place in parts of Rhode Island beginning January 9, 2024, the IRS has announced that affected taxpayers will receive tax relief. As a result, certain IRA and HSA deadlines are extended.
