The Practicing Accountant

17. AI and the Future of Small Accounting Firms: Embracing Efficiency and Capacity


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In this episode of "The Practicing Accountant," Dan and Doug discuss the impact of AI on accounting, particularly for smaller firms. They highlight a Thomson Reuters survey predicting AI will free up significant time for tax practitioners in the coming years. They emphasize the need to shift from hourly billing to value-based pricing to adapt. They see AI as both a risk and an opportunity, urging accountants to use it strategically to improve services and client relationships.


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The Practicing AccountantBy The Practicing Accountant