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IRS Modernization – Preparing Clients

November 15, 2023 Internal Revenue Service (IRS) procedures seem to be outdated due to a lack of technology. On a good day, one can call the IRS and only wait on hold for an hour or two before speaking to an agent who may request a form be faxed. A tax professional may have spent half their workday by the time the situation is resolved or a plan of action has been established.

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Implementing AI in Financial Audits

November 15, 2023 As we navigate an environment with rapidly changing technological advancements, the audit world will need to integrate artificial intelligence (AI) into its approach to enhance accuracy, efficiency and insight.

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Tennessee CPA Talent Strategy Series: The Future of the Profession

November 15, 2023 According to a spring 2023 survey for Accounting Today's Top 100 Firms and Regional Leaders report, the country’s leading accounting firms identified 20 major problems they'll be dealing with in the future. Staffing, and staffing-related issues, make up the top five spots out of the 20 identified. This two-part article series takes a deep dive into the challenges the CPA profession is facing related to talent recruitment and retention.

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Compliance With the Federal Trade Commission “Safeguards Rule”

November 15, 2023 The Gramm-Leach-Bliley Act (GLBA) was passed by Congress in 1999 with bipartisan support. A component of the GLBA, its Safeguards Rule, was first established in 2003, and required organizations defined as “financial institutions” to establish measures to keep their customers’ private information secure.

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