Building any kind of new practice is a challenge, but the unique characteristics of CAS offerings make it all the more important that firms follow a proven roadmap to success in standing them up.
A digital tax workflow streamlines every step of the tax prep process, from obtaining client data to preparing and reviewing returns, delivery of the finished tax return and invoicing.
Gone are the days where spreadsheets are sufficient for ongoing lease accounting compliance. But, with 41% of organizations still relying on manual processes, the monthly close and audits are slower -- and the risks are high.
You'd think the last thing accounting firms would want to do is to disrupt themselves — yet that may be exactly what they need to do, says Bob Lewis of The Visionary Group.
Workpapers are a fundamental element of the workflow at corporate tax departments. Given their importance, solutions that involve workpapers should integrate well with other related processes to save time and avoid errors. Read More.
CAM (Common Area Maintenance) charges are a universal thorn in the side of lease accountants. From parking lots to water for irrigation, these pesky non-lease components are an unavoidable part of doing business.
With good staff almost impossible to find, firms need to find more ways to get work done, and the growing use of the automation technologies and practices detailed in this report is one key solution.
