Explore the tax universe.
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In this episode
The pressure to adapt business models to the present while simultaneously preparing for the future has always been a force acting upon professionals.
On this Tax Section Odyssey episode, April Walker, CPA, CGMA, Lead Manager — Association of International Certified Professional Accountants, representing AICPA & CIMA, and Donald A. Nelson, EA, Co-Founder — Pacesetter Tax, discuss current technology buzz words and what it takes to become a modern firm in a sustainable model.
What you’ll learn in this episode
What the term “embrace the change” means (0.50)
Evaluate your tech stack (3.08)
The IRS tech stack (4.50)
Key things to keep in mind when considering modifications to your tech stack (7.00)
What a “modern firm” is (8.01)
Ways to incorporate automation to facilitate efficiency (9.37)
Steps firm leaders can take to help themselves and staff avoid burnout (14.58)
Overview of Pacesetter Tax (17.39)
AICPA resources
Technology hub – Provides access to the latest technology information, tools and resources to best serve your clients or support the organization where you work.
Tax Practice Quarterly: Managing a Tax Practice in the Modern World | Tax Section webcast archive – Webcast archive from May 19, 2021 that covers important issues such as how to expand your service offerings as a result of the pandemic, delve into the evolution of the virtual tax practice and explore best practices from a human resource and a client-service perspective
Talking to clients about the advanced child tax credit before July | Tax Section Odyssey – This podcast, recorded in late June 2021 covers the latest news to date regarding the child tax credit advanced payments and the related online tools and portals.
2020 tax software survey – Journal of Accountancy article featuring the results of their annual tax software survey
Pacesetter Tax – Integrated solution that allows tax preparation practices to work more efficiently and serve clients more effectively. Pacesetter Tax is designed to work seamlessly with whatever tax software your practice uses, from basic to top-of-the-line, and to replace the patchwork of other one-off tools that don’t play nicely together.
Keep your finger on the pulse of the dynamic and evolving tax landscape with insights from tax thought leaders in the AICPA Tax Section. The Tax Section Odyssey podcast includes a digest of tax developments, trending issues and practice management tips that you need to be aware of to elevate your professional development and your firm practices.
This resource is part of the robust tax resource library available from the AICPA Tax Section. The Tax Section is your go-to home base for staying up to date on the latest tax developments and providing the edge you need for upskilling your professional development. If you’re not already, consider joining this prestigious community of your tax peers. You’ll get free CPE, access to rich technical content such as our Annual Tax Compliance Kit, a weekly member newsletter and a subscription to The Tax Adviser.