How well did your firm’s accounting technology support your team and clients during the pandemic? In many accounting firms, the technology plan quickly shifted to what can best be described as “snatch and grab” in March of 2020. Of course, doing the best you can during a worldwide pandemic isn’t
IRIS Software Group (IRIS), a global accounting software provider, has acquired Conarc, a US document management software provider for CPA firms. Financial terms of the deal were not disclosed. Founded in 1996, Conarc’s iChannel software solutions were designed to enable CPA firms to connect all information in one place, allowing
Client advisory services (CAS) and virtual CFO services have been around for years, but an awareness of the benefits of both has grown tremendously over the past few years, especially in the early days of the COVID-19 pandemic. In times of economic uncertainty, clients want and need guidance from their trusted advisors,
ADP has provided a significant update to its RUN Powered by ADP payroll platform to help small-business owners manage their businesses more easily. ADP employed the latest in user design, artificial intelligence, and machine learning to deliver a payroll and HR experience to meet the needs of the moment. The
Whether it’s race cars or companies, time changes everything. It’s inevitable, so we evolve. For CPAs to retain relevance as we race into the future, they must evolve to meet companies’ and clients’ expectations. In imagining a future where tech has eliminated the CPA’s traditional compliance functions and transformed when, where, why and
Do you provide information technology services for your attest clients? Or does the firm that performs your attest work also provide information technology services? Those services may now cause independence concerns. This article highlights the changes and how to approach the new guidance. The ET Section 1.295.145 of the AICPA Code
For decades, accounting firms have generated organic growth and profits by offering essential services such as bookkeeping, tax and audit. However, the services that got your firm where it is today won’t necessarily get you to where you want to be in the future. To remain relevant and meet client
As if the tax landscape had not been rattled enough for tax year 2020, the Biden administration’s proposed changes for the 2021 tax year and beyond may change the traditional tax planning season as well. This could be yet another significant shift only a few years after the Tax Cuts
Just joining in? Go back to part one, which contains information about a tax hit for sellers of vacation homes, and enlighten yourself on why an irked Congress enacted Code Section 121 (b) (5). Its precise wording curtails the availability of a series of full exclusions of as much as
Did you follow a traditional career path? Or was your course altered along the way? For many accountants, their route to business ownership was not straightforward or intentional. Perhaps you started a side hustle while working for a firm, or your life circumstances changed, requiring more flexibility, and you decided to go for