Largest Firms Grow
As a group, the 100 largest independent public accounting firms experienced revenue growth for the third straight year. In 1998, the firms (ranked by net revenue for the most recent fiscal year), generated $24.8 billion in net revenue, 20.7% more than in 1997. Ninety of the 100 firms had revenue growth: 58 of them grew by double-digit margins.
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Tax reform complicates year-end tax planningGet your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.
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What RPA is and how it worksRobotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.