What's happening: Advisory services become lifeline as accounting firms lose compliance work to AI

Accounting firms are rapidly losing compliance work to AI and automation, prompting a strategic shift toward higher‑margin advisory services. Experts advise pruning low‑margin clients and adopting structured, team‑based advisory models with flat‑fee pricing to capture growth.

Also developing:

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• •Bill Fasel joins J.S. Held Chicago office
• •Ankura acquires Sachs Policy Group