Brightline Strategies has announced a new update to its services in response to the growing threat of AI tools and large language models in the accounting field – helping CPAs to adjust and succeed in the fast-changing landscape.
Stating that accountants may soon follow the path of travel agents and face obsolescence, Trow Trowbridge, the principal consultant at Brightline, is now offering proactive advice and guidance to help clients shift their perspective and their approach.
More information can be found at https://thebrightlinestrategies.com/
With a new study by OpenAI revealing that large language models could impact up to 80% of the US workforce, Brightline Strategies has updated its services to meet the increasing demand for growth guidance in the accounting space.
The company believes that many small accounting firms may be feeling trapped in their 1040 practice, and offers them the support they need to expand their services beyond individual tax returns. By reframing their services and adjusting their focus, accountants can develop an entrepreneurial mindset and begin advising their clients in different ways.
Trow Trowbridge is an expert in teaching accountants how to adapt to industry changes and develop a growth mindset. With 40 years of experience in the financial advice sector, he is able to develop unique approaches to assist accountants in their future-facing transition. In a recent interview, he explained that most 1040 practices and small CPA firms have been built based on principles of the past, and now they need to adjust and future-proof their services.
He emphasized that accountants are the stewards of all the important data that flows through their clients’ businesses. They can leverage this to help clients create more successful practices and achieve their growth goals by providing value-added services, such as financial strategy and growth consultations, and position themselves as trusted advisors.
A spokesperson states: “At Brightline Strategies, we are tasked with transforming your perception in the eyes of your business owner clients from a run-of-the-mill, paper-pushing CPA who knows how to count money to the highest source of wisdom about how to make more of it.”
Trowbridge also explains that one of the challenges faced by small accounting firm owners is succession planning. After several decades in the business, entrepreneurs are forced to sell their clients to another firm at a low price. By expanding their services to financial consulting and building long-term relationships with clients, the accounting business owner will be able to increase the value of their company.
Interested parties can learn more at https://thebrightlinestrategies.com/