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checklist

cybersecurity for tax professionals

welch

checklist: the 24 steps to prevent and, if necessary, respond to breaches.

by amy welch

last year, there were nearly 90,000 reports of tax identity theft, according to the federal trade commission.

in fact, in june, an irs agent admitted to stealing someone’s identity. law360.com reported special agent bryan cho, 49, pled guilty to aggravated identity theft and wire fraud in a brooklyn district court. it appears anyone can be a criminal!

join donny shimamoto, cpa, citp, cgma, for “hybrid work: holistic approach to customer, employee & cybersecurity risks,” aug. 26, 3:30 pm et. register here | learn more

it’s also important to note that protecting taxpayer data is the law. according to the ftc safeguards rule, “tax return preparers must create and enact security plans to protect client data. failure to do so may result in an ftc investigation.” additionally, any “failures that lead to an unauthorized disclosure may subject you to penalties under sections 7216 and/or 6713 of the internal revenue code. read more →

charts & graphs

automation without accountants

top use case: 43% of accountants use automation to import hours into payroll.

more than half the work world is embracing automation. why not accountants?

why accountants won’t automate:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

for all the talk of automation among tax and accounting practitioners, they are still falling behind, even as other professions race ahead.

more in tech: microsoft puts the full windows experience in the cloud | survey: how old is your desktop pc? | microsoft acquires cybersecurity firm riskiq | survey: your favorite desktop pc | global fintech funding gains momentum | salt: the small business disaster waiting to happen

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

more than half the work world is embracing automation.

among accountants: it’s less than half, according to a broad new study.
read more →

advisory & consulting

eisneramper takes on private-equity investor, spins out attest firm

charly weinstein on cnbc talking about the private equity deal.

towerbrook capital partners’ infusion “reimagines the traditional accounting firm model.”

by 卡塔尔世界杯常规比赛时间

eisneramper llp – one of the profession’s top 20 firms with more than $420 in annual billings, 200 partners, and 1,200 employees – has sold about half the firm to towerbrook capital partners, a private equity fund with big investments in the financial services sector.

as a result, eisner is splitting into two entities: the legacy eisneramper llp, a licensed cpa firm, to provide attest services, and the new pe-funded eisner advisory group llc, for business advisory and non-attest services. terms were not disclosed but towerbrook has a reputation for taking controlling interests in the companies it funds. audit and assurance account for about 49 percent of eisner’s pre-deal billings, with 42 percent from tax and 9 percent in consulting.

“it will be a positive disruptor in the profession,” according to charly weinstein, eisneramper ceo.  “rather than conforming to traditional frameworks, adopting a new model of ownership facilitates the best structure for the firm to drive growth and innovative solutions to our clients. our colleagues will be able to chart a course for success in our purpose-built practice structure.”

read more →

authors in the news

rootworks acquires cpa practice advisor

joel hughes (left) and darren root
joel hughes (left) and darren root
perry

with a goal to expand education-based ecosystem dedicated to accounting firm improvement.

by 卡塔尔世界杯常规比赛时间
via businesswire

rootworks, a part of right networks since mid-2020, has acquired cpa practice advisor from endeavor business media llc.

see right networks’s joel hughes and rootworks’ darren root discuss their merger last year at right networks acquires rootworks

the move allows rootworks to expand its educational ecosystem by leveraging cpa practice advisor’s content across a broad spectrum of digital channels. terms were not disclosed. read more →

pro member exclusive

how to embrace the blended future of work

convergence coaching research suggests eight steps to take.

by 卡塔尔世界杯常规比赛时间 research

the covid-19 pandemic has been many things for many people.

for the wise, it’s been an education.

more: the future is blended: combining remote and office work
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

or, to put it another way, the mother of invention.

cpa firms have been quick to invent. what the wise have realized is that the inventions aren’t temporary measures destined to disappear when no longer needed. many are here to stay, and the accounting industry will be better off with them.
read more →