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INDUSTRY EXPERTISE

INSURANCE

SCOPE

Embracing Change and Innovation

The insurance industry is undergoing changes driven by tech, consumer behavior, and regulation. Key trends include the adoption of insurtech, personalized products, value-based pricing, cyber risk management, and ESG considerations.
of Accounting Firms are using AI or have plans for AI​
25 %
Accounting Firms are Working Remotely (at least part-time)​
80 %+
of Accountants are utilizing Cloud Accounting​
90 %+
Companies are Outsourcing Accounting and Business Process
37 %

OUR EXPERTISE

Transforming Insurance Operations with Data-Driven Insights
Our services help insurance companies navigate the industry's changes by providing expertise in risk management, financial reporting, data analytics, and cybersecurity.
  • All Posts
  • Accounting
  • Compliance
  • Corporate Tax
  • International Tax
  • People & Culture
  • Private Tax
  • Risk Advisory
  • Strategy
  • Tax Administration
  • Technology
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INDUSTRY CONSULTING

SCOPE Expertise in Innovation and Strategy Companies are increasingly seeking guidance on integrating advanced technologies, adopting eco-friendly practices, and utilizing…

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FORENSIC ACCOUNTING

SCOPE Detection and Prevention When disputes arise or fraud is suspected, accuracy and expertise are crucial. Our team of forensic…

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APPLIED.AI

SCOPE Unlocking Innovation & Efficiency Explore the transformative power of AI services in accounting and taxation. With our innovative technologies,…

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TAX POLICY

SCOPE Key Trends Shaping Modern Tax Policy The rise of remote work has led to increased scrutiny on cross-border taxation,…

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DIGITAL ASSETS

SCOPE Breaking Boundaries The digital assets industry is witnessing several trends, including growing mainstream adoption, expansion of decentralized finance (DeFi)…

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TAX SERVICES

SCOPE Financial Clarity and Success At our firm, we understand the importance of comprehensive tax services in helping individuals and…

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Trending Insights

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RPA in Finance & Accounting Applications

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Optimizing Your Physical Inventory for Saving Costs

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Indirect Tax Compliance

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AI Accounting: Revolutionizing Financial Management

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Preparing Your Organization for Generative AI Integration

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How AP Bots are Boosting Faster Payments

ADDITIONAL INSIGHTS

Technology, Corporate Tax

Technology Transforms Financial Management for SMEs

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Corporate Transparency Affects Private Businesses in 2024

Visualize Business Intelligence Dashboards

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Corporate Tax Capitalizing Technology Expenditures

Automation & Artificial Intelligence on Accounting Efficiency

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Tax Amnesty Programs to Compliance

TAILORED SERVICES

Industries Expertise

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Knowledge

Our accounting and consulting services for the insurance industry are designed to help you navigate the complexities of financial reporting, risk management, and regulatory compliance. Our team of experts provides tailored solutions to ensure that your insurance company remains compliant with relevant regulations, while also helping you optimize your investment strategies and improve your overall financial performance. Whether you need assistance with financial statement preparation, risk management consulting, or tax services, we have the expertise and experience to help you achieve your goals. Our services are designed to be flexible and adaptable to your specific needs, and we work closely with you to understand your unique challenges and objectives. With our guidance, you can confidently navigate the ever-changing landscape of the insurance industry and make informed decisions to drive growth and success.

Resources

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Sustainable Tax Practices

Learn how sustainable tax practices benefit businesses by promoting environmental responsibility and offering tax advantages. Discover strategies to optimize your tax planning for a more sustainable future. IntroductionAs the importance of environmental sustainability grows, companies are increasingly adopting sustainable tax practices that balance profitability with environmental and social responsibility. Sustainable

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Preparing Your Organization for Generative AI Integration

Successful AI adoption requires more than just implementation. It demands strategic planning and governance to prepare the workforce and leverage technology for driving innovation and efficiency. In today’s competitive market, organizations are increasingly turning to generative artificial intelligence (AI) to enhance efficiency and integrate data seamlessly. However, successful AI adoption

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IRS Reopens ERC Voluntary Disclosure Program

The ERC Voluntary Disclosure Program aids businesses in rectifying potential misclaims of the Employee Retention Credit, promoting transparency and compliance with IRS regulations. The IRS has recently announced a limited time reopening of the Employee Retention Credit (ERC) Voluntary Disclosure Program, creating a crucial opportunity for businesses that received ERC refunds for

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Revenue & Tax Proposals FY 2025

The Biden administration has released its 2025 Budget Proposal, outlining the president’s policy priorities and tax proposals in the next fiscal year from Apr 1, 2024, to Mar 31, 2025. U.S. Department of the Treasury also released the “Green book,” as an additional 256 pages for General Explanations providing further

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Technology Transforms Financial Management for SMEs

In today’s fast-paced business world, small and medium-sized enterprises (SMEs) face unique challenges in managing their finances. Limited resources, increased competition, and the need for real-time financial insights make efficient financial management critical for success. Thankfully, innovations in technology like cloud accounting, AI, and machine learning help SMEs improve their

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Corporate Transparency Affects Private Businesses in 2024

CTA (Corporate Transparency Act)The CTA was enacted by Congress on January 1, 2021, in an effort to combat financial crimes, money laundering, and corruption across all industries. The legislation mandates that privately held corporations, LLCs, partnerships, and other legal entities formed by filing with a Secretary of State must provide

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Strategies for Optimizing ERP Systems Without Replacement

Discover powerful strategies to supercharge your existing ERP system and transform it from a burden into a driving force for efficiency and profitability without the need for costly upgrades. If your enterprise resource planning (ERP) system is starting to feel more like a burden than a benefit, you’re not alone.

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Generative AI to Heighten Deception and Fraud Threats

AI brings forth a new wave of cybersecurity challenges and data vulnerabilities. Organizations must skillfully navigate the intricate relationship between AI and cybersecurity to manage these threats effectively. Explore innovative strategies to confront these challenges. As organizations embrace the transformative power of artificial intelligence (AI) to enhance efficiency and drive

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How AP Bots are Boosting Faster Payments

AP bots are strengthening and making more reliable contact between companies and suppliers by having better credit terms that result in mutual trust between parties. AP bots are changing a cumbersome, labor-intensive, and often time-consuming function into smooth, efficient processes. AP automation promises a reduction in operational costs and better

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Corporate Tax Capitalizing Technology Expenditures

Discover essential 2024 corporate tax planning updates, focusing on technology expenditure capitalization and the IRS’s latest compliance innovations. Corporate tax planning is no longer about simply “checking the boxes” – it’s about outsmarting tax complexity. With new regulations and IRS initiatives sprouting up like tech startups, businesses now have to

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Visualize Business Intelligence Dashboards

Find out how financial dashboards and BI tools turn complex data into accessible insights, aiding decision-making. Utilize real-time analytics for improved financial management. Smart Financial Dashboards: Visualizing Financial Data with BI ToolsModern businesses have huge volumes of financial data that need to be processed. The analysis is quite important in

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A Cross-Border Tax Odyssey: New Challenges of Pillar Two

Uncover the transformative impact of Pillar Two on international taxation and learn how businesses can adapt to new global minimum tax standards while avoiding the pitfalls of double taxation. For businesses engaged in international operations, the realm of cross-border taxation is undergoing significant changes. New regulations from the Organization for Economic

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