survey: how many scanners does a firm need?
do you use a centralized scan strategy or have a scanner at everyone’s desk?
and: how are work-from-home mandates changing things?
surveys & research
how accountants are coping with covid-19
new methods, new mindsets.
the busy season barometer
coronavirus crisis management strategies:
join the survey. get the answers.
by 卡塔尔世界杯常规比赛时间 research
the coronavirus sure did hit quick. it seems like it’s been here since forever, but it didn’t really strike until halfway through the busy season. there were ominous clouds on the horizon in january, but early respondents to the 2020 卡塔尔世界杯常规比赛时间 busy season barometer were generally expressing optimism.
more on tax season: survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]
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then things went downhill fast. but despite the pressures of the tax season, cpas have been equally fast at adjusting to the new world. they really had little choice. they could innovate. they could close up shop. or they could get really, really sick.
innovation seems to be the most popular choice. read more →
fraud: it’s where the money is
cpa firms have opportunities here. bonus: infographics.
by 卡塔尔世界杯常规比赛时间
covid-19 isn’t the only pandemic ravaging the world. there’s a financial virus going around, too.
more in risk management: in these turbulent times, leaders must lead! | indemnification helps partners sleep well | tax season is hacker season | 2020 outlook: top 5 emerging risks for cpas |
it’s called fraud – maybe not contagious, but it pops up everywhere. on average, an estimated 5 percent of the world’s revenue is lost to fraud each year, a median loss of $125,000, an average loss of $1,509,000.
the prevalence and seriousness of fraud is both opportunity and obligation for cpa practices, not to mention internal audit departments.
according to the 2020 global study on occupational fraud and abuse, just issued by the association of certified fraud examiners, external audits were the source of detection in only 4 percent of 2,504 organizations analyzed in 125 countries. internal audits accounted for 15 percent of detection, and internal controls seem almost not worthwhile, finding only 2 percent of cases of known fraud.
despite increasingly sophisticated fraud detection techniques, tips are still by far the most common way fraud is discovered, responsible for 43 percent of detected cases. read more →
covid drowns irs in new filings
* total includes returns filed to obtain economic impact payments by those who would not usually file income tax returns.
why not? submissions are way down.
busy season barometer
how’s covid-19 impacting your firm?
join the survey. sound off. get answers.
by beth bellor
coronavirus hit irs data in a couple of ways this week.
people who don’t ordinarily file income tax returns, but did so to obtain economic impact payments, boosted filings higher than they might have been for the week ending april 17, the latest data. in addition, visits to irs.gov shot up 77 percent over 2019 – the get my payment link surely was part of that picture.
more: 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns | tax pro irs filings lag by 532,000 | tax pro e-filings lag by 512,000 returns | tax pros kick into high gear | slow start for tax pro e-filing | data points down as tax season opens | the fight for new tax clients
the internal revenue service reported receiving 116 million individual income tax returns, down 15.5 percent. it had processed 106.6 million returns, up 18.5 percent.
read more →
survey: skype vs. zoom for video calls?
trend watch: firms relied on skype, but may be switching to microsoft teams now.
accounting firm operations and technology survey