Add Row
Add Element
Kozi checks and balances
update

Kozi Checks & Balances
Media Site Home

cropper
update
Add Element
  • Categories
    • Kansas Tax Compliance
    • Audit-Proofing Strategies
    • Bookkeeping Basics
    • QuickBooks Optimization
    • Industry Insights
    • Tax Deduction Deep-Dives
    • Local Business Spotlights
    • Payroll Taxes
    • Business Directory
Add Row
Add Element
cropper
update
 Kozi Checks & Balances TaxTactics News 
cropper
update
March 05.2025
2 Minutes Read

Women are Thriving in Advisory Accounting Roles: Here’s How You Can Too

Confident young woman in advisory accounting working on a tablet.

Accounting's New Frontier: Why Women are Leading the Charge

As the landscape of the accounting profession undergoes a significant evolution, one undeniable fact emerges: women are at the forefront of this change. The shift from traditional compliance work to advisory services represents not only an opportunity for growth but also a chance for female accounting professionals to leverage their unique strengths—such as emotional intelligence, collaboration, and strategic thinking—in a dynamic new environment.

Understanding the Changing Landscape

The accounting industry faces pressing pressures. Talent shortages, the advent of AI-powered tax technology, and escalating client expectations necessitate a profound shift from transactional work towards higher-value advisory services. Today’s clients are searching for a more comprehensive understanding of their business goals rather than just compliance checks. Firms that adapt to these shifts by embracing advisory roles can ensure they remain relevant in an increasingly competitive market.

Women’s Unique Advantages in Advisory Services

Women in accounting possess unique qualities that make them particularly well-equipped for advisory roles. Skills like effective communication and relationship-building are essential for delivering tailored advice and supporting clientele throughout the year. This is crucial, especially as younger generations of business owners, namely Millennials and Gen Z, demand more strategic and personalized financial guidance. These trends underscore the importance of adapting to the advisory model not just for revenue growth but for work-life balance as well.

Embracing the Shift: Practical Strategies for Women

Transitioning to advisory services isn’t just a dream; it can be a fulfilling career move for women accountants looking to thrive. Here are some practical strategies to ease this transformation:

  • Set Clear Expectations: Communicate the value of advisory services to clients from the outset. Transparency can help manage expectations regarding the costs and benefits of this personalized approach.
  • Leverage Technology: Harness AI and data analytics to provide deeper insights for clients, enabling you to offer tailored advice that adds perceived value.
  • Build a Support Network: Connect with other professionals transitioning to advisory roles. Organizations like Thomson Reuters' Practice Forward offer community support that can enhance your journey through shared experiences and resources.

The Path Ahead: Building a Sustainable Career

Women-led firms that adopt an advisory-centered business model see tangible benefits. Notably, they experience increased profitability and improved client relationships. As firms adjust to provide consistent support throughout the year, they mitigate the seasonal burnout often associated with the traditional peak periods of the industry.

Conclusion: Seizing the Opportunity

The future of accounting lies in advisory services, and women are poised to lead the charge. Embracing this shift not only aligns with evolving client demands but also offers the potential for fulfilling, balanced careers. By leveraging your unique skills and seeking support from the community around you, it’s possible to thrive in an advisory practice. Start envisioning your path today—your future in accounting is brighter than ever.

Audit-Proofing Strategies

Write A Comment

*
*
Related Posts All Posts
07.26.2025

Transforming Indirect Tax: A Key Strategy for CFOs in Tech

Update Understanding the Shift in Indirect Tax ManagementAs the business landscape continues to evolve, tech companies are facing complexities in how they manage indirect tax. Traditionally seen as a mere operational burden, indirect tax is being transformed into a strategic asset that can enhance overall business value. CFOs, in particular, are at the forefront of this transformation, utilizing innovative strategies and technologies.Why Indirect Tax Is Now a CFO PriorityIndirect tax processes have often been seen as manual, siloed, and cumbersome, leading to what experts call 'tech debt.' This not only incurs significant financial costs but also hampers innovation, increases operational expenses, and puts companies at risk for audits and penalties. Thus, with shareholder value at stake, CFOs must prioritize indirect tax management like never before.Embracing Digital TransformationOne of the pivotal ways CFOs are turning indirect tax from a burden to a strength is by embracing digital transformation. By integrating end-to-end tax technology solutions, businesses can automate repetitive tasks such as data extraction and transaction validation, alleviating manual effort and significantly reducing errors. This shift not only saves time but reallocates human resources to focus on more strategic initiatives.Enhancing Operational Efficiency Through Intelligent AutomationIn today’s environment, automation in finance isn’t just advantageous; it’s necessary. Intelligent systems streamline operations, mitigating risks while maximizing efficiency. For example, centralized platforms provide enterprise-wide visibility, allowing for better data governance and compliance, reducing the burden of audits and enhancing overall control.Addressing Human Capital ChallengesMoreover, as tech companies scale, so does the challenge of managing human capital effectively. By optimizing talent allocation and training current staff, CFOs can ensure that their teams are equipped to handle the evolving landscape of indirect tax, further enhancing strategic contributions to the business.Looking Ahead: A Strategic PerspectiveAs we move forward, it’s evident that indirect tax management will play a crucial role in shaping the strategies of tech companies. By proactively addressing potential challenges and adopting advanced technologies, CFOs are not just transforming compliance measures; they are paving the way for greater agility in the marketplace. This shift empowers finance teams to contribute strategically rather than merely reacting to compliance demands.Conclusion: The Bottom Line for CFOs in TechTransforming indirect tax into a strategic asset is no small feat, but it presents a compelling opportunity for CFOs to strengthen their companies' positions in a competitive market. As technology continues to evolve, the approach to indirect tax must also mature. Now more than ever, CFOs have the chance to lead the way in turning compliance into a driver of innovation and growth.

07.25.2025

SurePrep Revolutionizes Tax Preparation: A New Era for CPA Firms

Update Streamlining Tax Preparation with SurePrep In the fast-paced world of tax preparation, efficiency is key. Madsen, O'Meara and Company, a tax and accounting firm based in Bloomington, Minnesota, recognized their struggle with time-consuming manual processes. Faced with the daunting task of entering vast amounts of data manually, the firm sought a solution that would not only streamline operations but also enhance client satisfaction. Facing the Challenge of Manual Processes Just like many firms in the tax sector, Madsen, O'Meara and Company was bogged down by labor-intensive data entry during peak seasons. Firm owner Edgar Madsen describes their situation: "We were so pressed for time to try to get the work out the door at any price; there just were not enough hours in the day." This hectic environment left little room for focusing on strategic tasks that could add value. Discovering a Solution: SurePrep In search of relief, the firm opted to integrate SurePrep, an innovative software designed to automate and organize tax workflows. The trial period during the off-season proved to be valuable, allowing the firm to test document scanning and bookmarking without the pressure that tax season typically brings. Within just two months of adoption across all clients, Madsen, O'Meara experienced a remarkable transformation. The Results of Implementing SurePrep With SurePrep, the firm achieved faster turnaround rates, which ultimately enhanced the service experience for clients. Significantly, they were able to reduce the headcount needed for data entry tasks, thereby reallocating those valuable human resources to more strategic areas of the business—activities that foster deeper client relationships and innovative services. The Future of Tax Preparation This case illustrates a wider trend in the accounting industry, where firms are increasingly relying on technology to sustain competitive advantages. Firms that embrace tools like SurePrep can respond swiftly to changing regulations and client needs. By automating routine tasks, accounting teams can place their energy where it truly matters—on making informed decisions that positively impact their clients' financial health. Benefits of Automation in Tax Services The integration of automation in tax services not only reduces workload and elevates productivity but allows firms to expand their service offerings without proportions of increase in headcount. For accounting firms looking to optimize their operations, the takeaways from Madsen, O'Meara's journey are clear: seeking innovative solutions is not just an option—it's essential for long-term success and sustainability in a rapidly evolving industry. As we look to the future, it’s evident that the landscape of tax preparation will continue to evolve as automation technologies develop. Firms that do not adapt risk falling behind, making the case for innovative solutions like SurePrep stronger than ever.

07.23.2025

Navigating Agentic AI and RPA: What Accountants Need to Know

Update Understanding the Future of Work in Accounting: AI vs RPAIn the fast-evolving landscape of accounting, two technological giants are making waves: agentic AI and robotic process automation (RPA). These innovations are not just adding efficiency to workflows; they are reshaping how accountants approach their work. With the Thomson Reuters’ 2025 State of Tax Professionals Report revealing that technology investment is a priority for nearly half of firms, understanding the nuances between these two technologies is crucial for staying competitive.What’s New in Automation?Traditionally, accountants have approached technological advancements with caution. However, the increasing demand for efficiency and cost-effectiveness has prompted an exploration into automation. RPA has been a go-to solution, automating repetitive tasks through predefined rules, but as agentic AI emerges, accountants find themselves at a crossroads. Agentic AI operates on a more advanced level, employing large language models (LLMs) to adapt and improve its performance autonomously. This shift from following set protocols to adapting and learning in real time marks a significant milestone in automation technology.The Differences Between Agentic AI and RPAWhile RPA focuses on executing step-by-step tasks reliably, agentic AI allows for strategic decision-making and problem-solving. For example, while RPA might automate the data entry process in tax filings, agentic AI can analyze tax-related data, provide insights based on market changes, and even suggest tax-saving strategies for clients. This adaptability makes agentic AI not just a tool but a potential partner in decision-making.Can AI Agents and RPA Coexist?Rather than viewing agentic AI and RPA as competitors, it’s beneficial to think of them as complementary. Many firms can integrate both technologies into their systems to maximize efficiency. RPA can handle repetitive tasks, free up time for accountants, and allow them to focus on higher-level tasks like strategy and advisory roles. On the other hand, agentic AI can take on more complex roles, helping professionals to make informed decisions that drive company growth.The Next Five Years: Predictions and OpportunitiesLooking ahead, the majority of professionals believe that AI will significantly impact the accounting sector. The Thomson Reuters report indicates that 80% of tax and accounting professionals anticipate transformative changes in their profession due to AI. Understanding how to leverage these technologies not only positions firms to boost profitability but also redefines the future landscape of the profession.Practical Tips for Embracing Automation in AccountingFor accountants pondering how to incorporate these technologies into their practices, beginning with a hybrid approach can be beneficial. Start with RPA for routine tasks, ensuring that workflows become more efficient. With success, explore the capabilities of agentic AI in more complex environments. Additionally, continuous training and upskilling will be vital to capitalize on the benefits these technologies can bring.Conclusion: The Path ForwardThe integration of technology in accounting is no longer a choice; it’s a necessity. By understanding the distinctions and synergies between agentic AI and RPA, accounting professionals can set their firms on a path toward improved efficiency and increased profitability. The future is bright for those who can adapt and embrace these transformative technologies.

Terms of Service

Privacy Policy

Core Modal Title

Sorry, no results found

You Might Find These Articles Interesting

T
Please Check Your Email
We Will Be Following Up Shortly
*
*
*