Industry News: A Guide to Building a Culture of Accountability at Your Firm

A Guide to Building a Culture of Accountability at Your Firm



Compared to other workplaces in different industries, the typical accounting firm deals with a greater need for a direct and clear management style.

Compared to other workplaces in different industries, the typical accounting firm deals with a greater need for a direct and clear management style.

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: How a Domain Name Change Impacts Search Rankings

 

How a Domain Name Change Impacts Search Rankings

You may have heard some buzz about the top-level domain “.CPA” promoted by the AICPA. It’s an exciting thought, but how might it impact your firm?   You may have heard some buzz about the top-level domain “.CPA” promoted by the AICPA. It’s an exciting thought, but how might it impact your firm? Why would I change my domain name?



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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