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Why Technology Won't Hurt Client Relationships
For years, accountants have worried that advances in technology will erode the relationship they have with their small business clients, but new research indicates that most actually plan to grow their relationship with their accountant.
Cybersecurity and data protection are about service, not fear
“Data security is an opportunity to make your practice stronger and do more for your clients,” he told an audience of CPAs during a session on cybersecurity at the 2018 Illinois CPA Society Summit, held in Chicago this week.
Technology issues to consider in lease accounting
With the new Financial Accounting Standards Board (FASB) lease accounting standard — Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), many companies are grappling with the transition mechanics and discovering their current...
CT cybersecurity czar continues to sound the alarm
His message is that we're not safe and most government agencies and industries aren't taking the requisite, sometimes costly steps to decrease the odds of an attack.
XBRL Costs for Small Companies Have Declined 45%, According to AICPA Study
The American Institute of CPAs (AICPA) and XBRL US have found that the cost of XBRL formatting for small reporting companies has declined 45 percent since 2014, according to an updated pricing survey. EXtensible Business Reporting Language (XBRL)...
Blockchain, machine learning, and a future accounting
The inventor of bitcoin and blockchain technology goes by the name Satoshi Nakamoto. Though Nakamoto claims to be a Japanese man born in 1975, most experts believe Nakamoto is a pseudonym. Some have gone so far as to theorize that Nakamoto isn't...
Remember Overstock? It's basically a crypto company now
Overstock is going all in on blockchain and cryptocurrencies.
The World Bank is getting in on blockchain
The World Bank is turning to blockchain to help it raise money. The international lender is planning to issue what it says is the world's first global blockchain bond, a notable mainstream endorsement of the emerging technology.
Tax Security 101 – Tax professionals victimized by data thefts offer hard-won security lessons to colleagues
As cybercriminals continue to increasingly pursue tax professionals’ data, the Internal Revenue Service and the Security Summit partners today released lessons learned by victims in the tax community to help others avoid being targeted by...
Is Real-Time Sales Tax Collection Possible?
With the Wayfair ruling expanding sales tax collection obligations, your clients with customers in multiple states are exploring the viability of automated sales tax and other indirect tax calculation solutions. Finding a way to streamline...