SEPTEMBER 8, 2016 BY SCOTT GORDON It’s no secret that professional services firms house troves of hack-worthy data. Accountants, lawyers, consultants, recruiters, media, creative, IT and other service providers routinely access and share sensitive information to meet client needs—making them prime targets for cybercriminals and the ideal potential victims for data mishandling.In June, insurance giant […]
Art of Accounting: The Future of the Small Firm | Accounting Today
/in Blog/by CherylSEPTEMBER 12, 2016 BY EDWARD MENDLOWITZ By my reckoning there are about 42,000 accounting firms in the United States, and 41,600 might be considered to be small.The No. 1 firm has revenues of about $16 billion with about 65,000 people. Number 100 has revenues of $35 million with about 175 people. Number 300 has about […]
Best Practices for Ensuring File Security at Your Firm | Accounting Today News
/in Blog/by CherylSEPTEMBER 8, 2016 BY SCOTT GORDON It’s no secret that professional services firms house troves of hack-worthy data. Accountants, lawyers, consultants, recruiters, media, creative, IT and other service providers routinely access and share sensitive information to meet client needs—making them prime targets for cybercriminals and the ideal potential victims for data mishandling.In June, insurance giant […]
New Cyberattacks Threaten Tax Professionals | Journal of Accountancy
/in Blog/by CherylBy Alistair M. Nevius, J.D. September 2, 2016 The IRS warned tax practitioners on Friday of a new wave of cyberattacks that allow criminals to remotely access practitioners’ computers and file fraudulent tax returns. The attacks come as practitioners prepare for the Oct. 17 extended filing deadline for individual returns; the IRS reported similar attacks […]
Sal Collemi – The Decline in Global Audit Quality, Accounting Today
/in Members in the News, News/by CherylA consultant offers ugly truths and realistic remedies AUGUST 31, 2016 BY SALVATORE A. COLLEMI Ask any practicing CPA who cares about the profession, and they’ll tell you about the need for continuous improvements when it comes to a public accounting firm’s system of quality control policies and procedures.This need is at the very heart […]
Top 10 Productivity Tools for Accountants
/in Blog/by CherylLeaders in the field pick their favorite efficiency-enhancers More hours in the day Work expands to fill the time allotted to it, and in a 24/7 world, that means you’ll be working all the time. To help manage the massive workloads that many modern accountants face, we asked the candidates for our Top 100 Most […]
Affordable Care Act 2016 Pitfalls – 7 Questions To Ask Your Clients
/in Blog/by CherylCHICAGO (AUGUST 25, 2016) BY DANIEL HOOD The gift that keeps on giving The Affordable Care Act continues to surprise (and terrify),with new thresholds, limits and reporting deadlines – and missing out on any of them could lead to major headaches and massive penalties. With that in mind, we spoke with ADP vice president of […]
The Painful Truth about the Alternative Minimum Tax
/in Blog/by CherylAUGUST 23, 2016 BY DIANA SPATOULAS Most people have never heard of the alternative minimum tax, and those that have probably would love to forget about it and wish that it would just go away.For 2015, the Tax Policy Center projects the AMT will impact 4.1 million taxpayers and generate $28.2 billion—so it is safe […]
Accounting Today: Edward Mendlowitz – Art of Accounting: Why MAP Programs Are Essential
/in Members in the News, News/by CherylAUGUST 22, 2016 BY EDWARD MENDLOWITZ I attend Management of Accounting Practice (MAP) CPE programs. In many instances these do not qualify toward the mandatory CPE requirements. Who cares?I go because I want to make more money, work more effectively, service clients better, excite and retain staff, and have more fun doing what I love […]
Boomer Consulting Maps Profession’s Future to 2020 and Beyond
/in Blog/by CherylKANSAS CITY, MO. (AUGUST 16, 2016) BY DANIEL HOOD The next five years will bring tremendous change to the accounting profession, according to the experts at Boomer Consulting — and the next 15 will leave it almost unrecognizable. As part of a wide-ranging panel discussion at the 2016 Boomer Technology Circles Summit, held here this […]
Accounting Today: AICPA announces free, four-part web series on promoting diversity and inclusion in the workplace
/in Blog/by CherylBY SEAN MCCABE AUGUST 17, 2016 The AICPA announced on Wednesday that they will be offering a free, four-part webcast series on creating a more inclusive workplace in the accounting profession. Dubbed “The Workplace Inclusion” series, the webcast is a continuation of an earlier series on unconscious bias. The series is open to both AICPA members and the public. The first […]