3 Tips for Accounting Firm Client OnboardingYour work doesn’t stop with getting a prospect to say “yes.” The next thing to do is to help them become comfortable with your service as quickly as possible; you need to satisfy them by providing an excellent customer experience.
Cyber Experts Race to Secure Networks Following Broad Cyber Attack on U.S.
Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a U.S. internet provider and a county government in Arizona, according to web records and a security source.
How Dominance of One Management Software Became Cyber Liability for U.S.On an earnings call two months ago, SolarWinds Chief Executive Kevin Thompson touted how far the company had gone during his 11 years at the helm.
There was not a database or an IT deployment model out there to which his Austin, Texas-based company did not provide some level of monitoring or management, he told analysts on the Oct. 27 call.
“We don’t think anyone else in the market is really even close in terms of the breadth of coverage we have,” he said. “We manage everyone’s network gear.”
Industry News: Real Cyber Attacks-Have you heard why Russia was high on the early list of suspects in the FireEye hacking?
Real Cyber Attacks: FireEye, Major Cybersecurity Firm for Business and Government, Is HackedFireEye, one of the largest cybersecurity companies in the United States, said on Tuesday that it had been hacked, likely by a government, and that an arsenal of hacking tools used to test the defenses of its clients had been stolen. The hack of FireEye, a company with an array of contracts across the national security space both in the United States and its allies, is among the most significant breaches in recent memory. The company’s shares dropped 8% in after-hours trading.
Industry News: New Security Measures Help Protect Against Tax-Related Identity Theft (IRS): What You Should Know
It’s a tough year for year-end tax planning
Advisers face the difficult task of helping clients plan for next year without knowing for certain which party will control the Senate.By Dave Strausfeld, J.D. November 16, 2020 Performing year-end tax planning this year is going to be “very, very difficult,” Bob Keebler, CPA/PFS, said in a Nov. 10 webcast sponsored by the AICPA’s Personal Financial Planning Section.
Ballot initiatives relating to cannabis will be voted on in five states — Arizona, Mississippi, Montana, New Jersey and South Dakota — this November. Topics being considered are presented in Marijuana on the ballot. If you are a CPA working with clients in the cannabis industry, or if you think you might in the future, you’ll want a firm grasp of the issues regarding cannabis accounting.
Cannabis? Marijuana? THC? CBD? Hemp?
IRS to Start Masking Details on Business Tax Transcripts
A tax transcript is a summary of a tax return. Transcripts are often used by tax professionals to prepare prior year tax returns or represent the client before the IRS. Lenders and others use tax transcripts for income verification purposes.
Now in Hackers' Crosshairs: Accounting and Finance Firms
Why the escalating cybersecurity threats for finance and accounting firms? For one, you likely have sensitive customer data, in addition to key information about their employees, vendors and customers.
This has been a year unlike any other in almost every respect, and cybersecurity is no exception. Here's why the changing threat landscape could give a scare to accounting and finance firms — and what they can do about it.
81% of Audit and Risk Professionals Believe Risk Will be Unpredictable in 2021
During the executive keynote presentation at Audit & Beyond, attendees were asked questions about the risks their businesses face as a result of the pandemic and looking forward. Responses reveal an evolving risk landscape with a variety of different ...
4 Tips for Preventing ACH Credit Fraud
Forced to work from home during COVID-19, accounts payable departments have accelerated plans to move away from paper checks and pay more of their suppliers by ACH. That, in turn, accelerated another trend: fraud.
Digital Transformation Beats Paperless Processes
When firms were forced to work remotely in March of this year, the pandemic exposed the places where “paperless” processes were just “less paper.” Many firms were still sending employees into the office to open mail, scan documents, send invoices and ...