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AI-driven innovation, and an increasingly complex tax environment present both challenges and opportunities for life sciences companies. Coordinated tax planning helps manage risk.

Reputation is no longer optional. It is the foundation of sustainable success. If your firm still relies primarily on word-of-mouth referrals, now is the time to expand your approach.

The 3 to 5% of CPAs who are already having a conversation about transition planning with their clients aren’t just better advisors. They’re building different practices entirely.

Employers should recognize that plan audits are more than a simple compliance exercise to satisfy regulatory requirements. Instead, they should be viewed as a core function of responsible governance.

The Financial Accounting Standards Board’s (FASB) ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, introduced new requirements. CPAs and their clients need to still be aware of many important considerations.

Few understand, however, that AI is not only enhancing daily functions, but helping to shape and transform accounting careers — creating new opportunities with every practical application.