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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.
For more insights, visit thepracticingaccountant.com.
By The Practicing AccountantIn 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.
For more insights, visit thepracticingaccountant.com.