make virus protection a no-brainer

faceless hooded anonymous computer hacker with programming code from monitorautomation is your friend.

by roman h. kepczyk
quantum of paperless

every firm has concerns about their systems being hacked or getting attacked by a virus or malware. but the vast majority of issues can be effectively negated with one simple process: keep your software updated. i’ll explain how the best firms do it.

more on tech spending: 3 steps to truly reliable backup | moving to the cloud? do these 6 things first | 4 steps to save on hardware spending | in a pinch, use your phone as a scanner | do you have 3 computer monitors? why not? | standardize quickbooks support for clients | how to choose the right client portal solution | streamlining bill-paying at cpa firms | automating bank deposits offers instant roi

read more →

tax pros do 59% of e-filing as season nears end

receipts, processing, refund numbers all down.

with only five days left in the tax season, the irs had received more than 110.7 million individual tax returns and processed 108 million of them. the april 10 data showed receipts down 1.8 percent from 2014 and processing down 2.1 percent. processing for 2015 continued in the same range, at 97.5 percent.

related: have fun this tax season! | tax preparation fees: the national averages [infographic] | irs form 3115: a sin and a travesty | how to get paid faster this tax season | accountants see solid business gains in 2015 | as market share slips away, accountants look beyond the 1040 | irs emerges as major tax season competitor | tax pros losing market share to self-filers read more →

4 steps to weather any economic storm

woman pulls pack storm page and reveals sunset.and 3 to avoid.

by sandi smith leyva
the accountant’s accelerator

according to an article published in harvard business review, three scientists, ranjay gulati, nitin nohria, and franz wohlgezogen, conducted a study to discover the strategies that generated the most – and the least – profits in lean times.

more on small-firm growth strategies: want to be stress-free? use your strengths | ‘time problems’ don’t exist | could you use more energy this tax season? | 15 items for your ‘business bucket list’ | 3 ways to plug your firm’s money leaks

first, here’s a list of surefire ways to kill your business:
read more →

two ways to retire, and one’s not pretty

older businessman taking a coffee breakthe graceful way to slow down and phase out.

by marc rosenberg
retirements & buyouts

there are two ways that partners slow down as they approach traditional retirement age:

announced – the “cooperative” way to slow down. the partner openly and willingly informs the partners that she wishes to slow down. this change in status is usually related to the retirement process, but some partners who are not retirement-minded may wish to work less than full time in order to pursue other life goals.

more on retirement: mandatory retirement varies by firm size | how to transition clients from retiring partners | retirement plan funding? what funding? | retirement vesting: the devil’s in the details | when retiring partners take a specialty with them | three ways to calculate goodwill payable in partner buyouts, none of them great | the multiple of compensation method, fully explained | clients leaving? time to reduce retirement benefits | partners may balk at guaranteeing retirement obligations

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unannounced – the “uncooperative” way to slow down. in these instances, the partner is either unwilling to cooperate with his partners in working out a sensible, fair phase-down period or is unaware that he needs to phase out of the firm.

read more →

e-filing by tax pros gains more ground

nearly 100 million individual returns have been filed.

with the tax season winding down, the irs had received more than 99 million individual tax returns as of april 3, down 0.8 percent from 2014. more than 97.9 percent of those had been processed – 97 million, down 1.2 percent from last year.

related: have fun this tax season! | tax preparation fees: the national averages [infographic] | irs form 3115: a sin and a travesty | how to get paid faster this tax season | accountants see solid business gains in 2015 | as market share slips away, accountants look beyond the 1040 | irs emerges as major tax season competitor | tax pros losing market share to self-filers read more →

want to be stress-free? use your strengths

woman tossing exclamation points into air24 ways you may be better than you think.

by sandi smith leyva
the accountant’s accelerator

how many times a day do we tell ourselves with the little voice in our head that we’re falling short of the ideal we have for ourselves? “i forgot to add the salt, so i ruined the recipe.” “i’m not good enough.” “i was mistaken.” “i’m not smart enough.” “i didn’t get picked for the finals.” “nobody likes me.” and so on.

more on small-firm growth strategies: could you use more energy this tax season? | 15 items for your ‘business bucket list’ | 3 ways to plug your firm’s money leaks | how to work the same hours and make more money

read more →

survey results: latest comments on busy season 2015

the 卡塔尔世界杯常规比赛时间 busy season barometerclick to join the survey; see the results
the 卡塔尔世界杯常规比赛时间 busy season barometer
click to join the survey; see the results

the 卡塔尔世界杯常规比赛时间 busy season barometer 2015:
join the survey. get the results

by 卡塔尔世界杯常规比赛时间 research

as results pour in from the final days of the 卡塔尔世界杯常规比赛时间 busy season barometer 2015, it’s clear that practitioners’ experiences range widely, from outright euphoria to bleak despair.

see comprehensive coverage of busy season 2015

here are a few the latest comments, verbatim…

  • better than last year. volume is up significantly and good smoothness of preparation svc and knowledge of clients.
  • we added a small tax practice in an adjoining town
  • i didn’t have any clients with obamacare non-compliance

read more →

busy season 2015: comprehensive coverage

in case you missed it… in this directory, 卡塔尔世界杯常规比赛时间 compiles complete coverage of the 2015 busy season. irs seeks more tools to fight refund fraud fy 2016 budget provisions would expand authority for regulation, correctable errors. workflow automation takes root in … continued

mandatory retirement varies by firm size

senior businesswoman holding portfoliopractices between “large” firms and smaller firms diverge.

by marc rosenberg
retirements & buyouts

as is the case with many aspects of practice management, mandatory retirement is addressed quite differently depending on the size of the firm. here is data from a recent rosenberg map survey:

percent of firms having mandatory retirement policies for partners:

  • 83 percent for firms with annual fees greater than $20 million.
  • 77 percent for firms in the $10 million-20 million range.
  • 56 percent for firms in the $2 million-10 million range.
  • 21 percent for firms with fees less than $2 million.

more on retirement: mandatory retirement? 4 reasons the firm comes first | how to transition clients from retiring partners | you want goodwill payments? give proper retirement notice | retirement plan funding? what funding? | vesting can cover part-timers, too | retirement vesting: the devil’s in the details | compromise is in order for some goodwill payouts | when retiring partners take a specialty with them | if clients leave, do you reduce retirement benefits?

read more →

busy season 2015: top lessons learned so far

the 卡塔尔世界杯常规比赛时间 busy season barometerclick to join the survey; see the results
the 卡塔尔世界杯常规比赛时间 busy season barometer
click to join the survey; see the results

doing the tax season math: regs + staff + clients + tech + self = busy x busy x busy

 by 卡塔尔世界杯常规比赛时间 research

the key lessons learned from the 11th annual 卡塔尔世界杯常规比赛时间 busy season barometer study are coming into clear focus.

more:
busy season 2015
comprehensive coverage

a. blair east
east

a.b. east, at manning elliott in vancouver, bc, canada, for example, took a lesson in smart management. he says he learned “the importance of having the right complement of experienced staff to delegate to so i can reduce my hours and deliver to clients on timely basis.” next year east will continue a very healthy policy: “i have been and will continue to mentor managers, seniors and juniors to advance their expertise on a quicker basis.”

most of the issues practitioners faced this year fit into seven main categories. what’s especially interesting is that the solutions vary from common sense to plain impossibility.

  1. affordable care act
  2. irs regs and congressional cruelty
  3. better staff, more staff
  4. clients
  5. management
  6. technology
  7. interrelated problems

here’s a summary of our findings: read more →

why cpas need to worry about cyber crime (especially in tax season)

click for infographic
click for infographic

and what to do about it.

by kenneth j. mackunis
aon affinity

why worry? the quick answer: client files are worth large sums of money! a cpa’s confidential client data, such as names, addresses, dates of birth and social security numbers, provide a target-rich environment for thieves.

tax refund fraud is the no. 1 cyber crime facing cpas today, according to the aicpa. criminals use stolen records to file phony tax returns and receive refunds. the irs issued 1.1 million refunds to people using stolen social security numbers in 2012, which resulted in fraudulent tax refunds of $3.6 billion. read more →