Thomson Reuters Institute

Tax & accounting 
resource center

Featuring an expanded insight into the world of tax professionals, whether within corporate tax functions, tax & accounting firms, or solo practices.

Tax Professionals Survey Report 2022: Managing clients’ shifting priorities

In Thomson Reuters' just published 2022 Tax Professionals Survey, we see how tax industry practitioners are dealing with their clients’ shifting priorities amid a still chaotic environment.

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Indirect Tax Report: Will the growing wave of taxation swamp corporate tax teams?

Thomson Reuters new “Indirect Tax Report” shows how indirect taxes are increasingly popular, but corporate tax departments may be bearing the brunt of that.

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Business development & marketing

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How small and midsize accounting firms can make their advisory services permanent and sustainable

How can small and midsize accounting firms overcome the challenges faced by creating a business advisory service and offering it to their clients?

What obstacles prevent small & midsize accounting firms from offering business advisory services?

This is the first installment in a three-part series about how accounting firms can overcome the challenges faced by creating a business advisory service.

7 steps to better promote accounting firm growth

With the ongoing challenges in today's tax & accounting industry, many firms are focusing on growing their business. Here's some ways they could do it.

Client services 

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Audit challenges in 2022 and tax teams’ best approach

The events of the past two years have not made for a smooth journey for corporations' internal audit teams, which in 2022 face numerous steep challenges.

How small and midsize accounting firms can take baby steps to deliver advisory services without disrupting their businesses

This is the second in a 3-part series about how small & midsize accounting firms can overcome the challenges faced by creating a business advisory service.

“Productizing” tax & accounting advisory services in 2022

By treating your firm's advisory services as a product, you could make in-roads with current and new clients that may be seeking these customized services.

Practice management

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The 8 biggest obstacles to greater efficiency for tax & accounting teams

Efficiency has become the Holy Grail for many tax & accounting firms and corporate tax departments, but achieving it in practice may be much more elusive.

Podcast: Accounting firms eying strategic growth, says latest Tax Professionals Survey

In a new podcast, we discuss the "Tax Professionals Survey", which noted the megatrends the tax & accounting industry has experienced over in recent years.

Accounting firm leaders must decide what work practices to keep and what to ditch in 2022

As the world slowly returns to some sense of normalcy, tax & accounting firms are going to have to decide what pandemic-era practices are worth keeping.

Talent & culture

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How to know when accounting firms need to hire full-time DEI leaders

Can newly hired diversity, equity & inclusion leaders help better manage tax & accounting firms' launch and adoption of new initiatives in this area?

What are the best recruiting innovations for entry-level talent at Top 100 accounting firms?

Can top tax & accounting firms beat the odds and recruit quality entry-level professionals during this tight labor market? Some talent leaders think so.

5 ways to embed well-being into accounting firms’ business strategy

It’s time for a new approach to employee well-being in the tax & accounting industry that would make well-being part of all employers’ business strategy.

Tech & innovation

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Why is everyone in the tax & accounting industry talking about digital transformation?

Going digital has the ability to change numerous industries, including tax & accounting. But how should accounting firms prepare for digital transformation?

How women can harness the drivers of innovation in the tax & accounting industry

In almost every aspect of the tax & accounting business, the status quo is being challenged — and much of the challenge comes from women driving innovation.

How accounting firms can plan a smoother technology implementation

The manner in which accounting firms handled needed implementations of new technology goes a long way to how successful the new tech will be with employees.