CAS

Is It CAS or CAAS?

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Here are 21 differences to help you and your clients.

By Hitendra Patil

Are you an accountant struggling to master your understanding of the difference(s) between “client accounting services (CAS)” and “client accounting and advisory services (CAAS)”?

You are not alone.

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As accountants, you often hear the terms “client accounting services (CAS)” and “client accounting and advisory services (CAAS)” pretty interchangeably, but how do you nail your grasp of the distinction(s) between the two?
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Add Health Care Planning to Your Firm’s Services

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portrait of Christine Simone
Simone
 Christine Simone is the CEO & co-founder of Caribou, a software solution for the finance industry to include health care costs and plan optimization in financial plans.

Reduce client stress and build stronger financial futures.

By Christine Simone
The Holistic Guide to Wealth Management

Financial advisors are well suited to help clients with all the important decisions in their lives. But that doesn’t mean advisors always recognize the areas in which clients need the most help.

MORE Rory Henry and The Holistic Guide to Wealth Management
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Take health insurance, a big concern for people across all income groups. According to a 2021 report from Spectrem Group (now part of CEG Insights), two-thirds of affluent investors (65%) say they want their advisors to help them with health insurance, but only 4 percent said their financial advisors are providing it to them (see bar chart). Further, among people who don’t have financial advisors, the top areas for which they would want guidance are retirement income planning, Social Security planning and Medicare advice.
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Matt Tait: Why Franchising Is the Next Big Thing for CAS | Big 4 Transparency

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Why private equity may accelerate – not kill – entrepreneurship in accounting.

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Big 4 Transparency
With Dominic Piscopo, CPA

Decimal CEO Matt Tait joins Dominic Piscopo to explain why his CAS firm is franchising its playbook, how it drives 50%-plus margins with queue-based delivery and daily book maintenance, and why private equity may accelerate – not kill – entrepreneurship in accounting.

MORE Dominic Piscopo | MORE CPA Trendlines Streaming Network

Tait says the biggest accounting story right now isn’t just AI, it’s the industry’s next operating model.

On the Big 4 Transparency, Tait says Decimal started as a “different” CAS and bookkeeping firm while simultaneously building an internal operating system for running a modern accounting shop. In under six years, Decimal has served 1,000+ businesses and grown to 100+ employees – and now it’s taking its playbook to market through franchising. READ MORE →