Industry News: Do you know when taxpayers are likely to receive their 2021 income tax refunds?

When Will You Get Your 2021 Income Tax Refund?

This chart shows an estimated date for when you may receive your refund: The Covid stimulus payments you received in 2020 (and the second check whether you received it in 2020 or 2021) will NOT decrease your tax refund.

Industry News: What are the six pitfalls to avoid when adding financial planning to your firm’s offerings?

Avoid These Pitfalls When Adding Financial Planning Services to Your Firm’s Offerings



There are several structures for adding financial planning services to your firm’s current services. For example, you can handle everything in-house or partner with a financial planning firm to provide services.

Our last article highlighted multiple reasons why it is logical and advantageous to add financial planning services to your firm’s offerings.

Industry News: Top 10 Regulatory Issues You Need to Monitor in 2021

Top 10 Regulatory Issues to Watch in 2021

The start of a new year is always a time to look forward, both for individuals and for business leaders. With the year also bringing changes in the administration, Paychex, Inc., a provider of technology solutions for human resources, payroll, benefits, a



Industry News: Do you know the five strategic areas to consider during the upcoming tax accounting close cycle?

In-House Tax: Leverage Technology for the Upcoming Compliance Season



Tax departments today are facing unprecedented pressures, including management of changing tax obligations, new regulatory requirements, and providing real time scenario analysis – all while adjusting to a new workplace environment.

Industry News: How to make tax filing easier in 2021.

Steps to Take Now to Get a Jump on Your Taxes

Gather your tax records

Have your records organized to make preparing a tax return easier. It may also help you discover potentially overlooked deductions or credits. Include in your tax records:
  • Forms W-2 from employers
  • Forms 1099 from banks and other payers
  • Other income documents and records of virtual currency transactions.

Industry News: Have you heard what the top 10 cyber stories were for 2020?

Insurance Journal’s Top Cyber Stories of 2020

Whether it was cyber risks related to the COVID-19 pandemic or ransomware attacks growing more severe and frequent, cyber insurers had a lot to pay attention to this year. As 2020 wraps up and cyber insurers prepare for a new year, here’s a look back on Insurance Journal’s most read cyber stories of the year based on readership metrics:
1. Insurance Broker Gallagher Reports Ransomware Attack

Industry News: Why are so many companies so optimistic about growth?

Companies Agree: High Growth Means Automation

Contrary to what many might expect, the pandemic has done little to damper optimism about growth at most companies. From right before the pandemic hit to today, accountants, bookkeepers, and companies in general continue to have a positive outlook for ...

Industry News: Have you heard the 3 key tips to providing an excellent customer experience?

3 Tips for Accounting Firm Client Onboarding

Your 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.

Industry News: Cyber Experts Race to Secure Networks

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.

Industry News: How did the dominance of one software become a cyber liability?

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 Hacked

  FireEye, 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: IRS to Start Masking Details on Business Tax Transcripts

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.

Industry News: 81% of Audit and Risk Professionals Believe Risk Will be Unpredictable in 2021

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 ...

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