As tax season approaches, finding the right tax preparer becomes a top priority for individuals and businesses alike. A skilled tax professional can help you navigate complex tax laws, maximize deductions, and avoid unnecessary mistakes. However, choosing the wrong preparer can lead to errors, penalties, or even legal trouble. To ensure a smooth tax filing […]
In an era where cybersecurity threats are evolving faster than ever, accounting firms must stay ahead by securing their systems. One often overlooked yet critical defense against these threats is the regular application of software patches. Consider this: 57% of data breaches could have been prevented by installing available patches. Despite this, many firms underestimate […]
In an era where businesses increasingly rely on digital solutions, cloud accounting has emerged as a go-to platform for managing financial data. Its flexibility, cost efficiency, and remote accessibility make it invaluable to small businesses, large enterprises, and accounting firms alike. However, as cloud-based systems grow in popularity, they also face rising security challenges, including […]
Blockchain technology has recently captured significant attention, especially with the rise of cryptocurrencies. While the financial ups and downs of crypto trading often dominate headlines, blockchain’s underlying technology is solidifying its presence and evolving rapidly. Though blockchain is the backbone of cryptocurrencies like Bitcoin, its implications and potential applications extend far beyond digital currencies. Accountants, […]
Many consumers associate artificial intelligence (AI) with tools like ChatGPT. While ChatGPT and similar generative engines are examples of AI at work, there is much more to AI adoption than just these applications. Currently, people have yet to determine precisely how AI will affect our lives and careers in the near future, let alone over […]
The shift towards cloud accounting is a significant trend in the financial sector, with more clients expecting their accounting firms to embrace this technology. Not adapting to this expectation can lead to a loss of clientele and referrals. A recent survey by BILL highlights this trend, revealing that 64% of small and midsize business clients […]
