What are the biggest threats to accounting firms today?

The biggest threats include cybersecurity breaches (which can destroy client trust and create liability), technology disruption from AI and automation, regulatory changes, and competition from tech-enabled firms. Firms that proactively adopt modern technology (tax.thomsonreuters.com/blog/beyond-tax-season-creating-revenue-stability-year-round/) are better positioned to handle these threats and turn them into competitive advantages.