automation and the future of accounting

critical thinking is best left to humans.

by jody grunden

there’s no doubt that advancements in technology are changing the world, and the accounting industry is no exception. technology is making us more productive, more efficient and more connected.

more: when the irs and fbi come knocking | cyber security at a virtual cpa firm | top tech choices for the virtual firm | keeping the right people on the bus | how to run effective leadership team meetings | disc helps remote team work together effectively | 3 ways to keep client files safe from security threats
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on the flip side, it’s also taking over some of our jobs. this is a reality in the accounting industry that we cannot ignore. technology is driving major changes for the future of the accounting world. we need to be aware of what’s happening and take strategic steps to advance along with these changes. otherwise, we are going to be left in the dust.
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getting and keeping the best: the struggle continues

purple no. 4 billiard ball4 types of employees.

by steven e. sacks

in the years following the great recession, companies have decided to do more with less. how they decide on whom to keep is open to much debate.

more: 4 ways to boost job satisfaction | how engaged are your employees? | managing difficult personalities in the workplace | set your staff on the right course | how motivation is like bathing | be a talent magnet | make crap a badge of honor
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are the decisions performance-based? are they built on special favors? are they established on the hope that someone has the potential, but is not readily apparent?
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three tech solutions for protecting client data

illustration of computer security threatsyou’ll be happy you already have these when the irs and fbi come knocking

by jody grunden

have you ever been contacted by the irs with the fbi involved? i can tell you from firsthand experience that it’s a bit alarming when that happens!

more: cyber security at a virtual cpa firm | innovate for the right reasons | creative perks for remote employees | 10 interview questions for unlocking true potential | toss the org chart for an accountability chart
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we were once contacted by the irs because they thought our server had been compromised. when the field officer who came to our office asked to see our server, we explained that we didn’t have a server.
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4 ways to boost job satisfaction

smiling businesswoman working at deskit’s a two-way street.

by steven e. sacks

the conference board indicates that slightly over half (51%) of u.s. workers are satisfied with their jobs. but this means a not-too-insignificant amount (49%) are less than satisfied with their jobs.

more: how engaged are your employees? | performance reviews: no need to pull teeth | knowledge maintenance: gaining employee buy-in | the new way to handle exit interviews
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job dissatisfaction is not a new occurrence, and with the increased influence of technology, this issue has not experienced much improvement over the past 15 to 20 years. a recent study by job seeker nation indicated that 82 percent of workers would like to seek new employment opportunities, although the prospects of landing a new one would be more difficult than over the past couple of years.
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coronavirus rattles tax season

can you turn a crisis into an opportunity?

the 卡塔尔世界杯常规比赛时间 busy season barometer
benchmarks, trends & analysis

join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

coronavirus—covid-19—is coming. don’t imagine it won’t reach your community. it will. and even if you manage to keep it out of your office, and even if its lethality is less than the flu, just the threat of covid-19 is already impacting many tax and accounting firms.

how accountants are preparing for the worst:

  • do you have the portals, web-based apps, and cloud accounts necessary for staff to work from home? have you tested them? maybe you should have an everybody-works-from-home-day drill.
  • do you have policies and procedures in place for home-based work?
  • do individual staff have plans for caring for their family without disrupting work?
  • have you prepared clients for the possibility of electronic delivery of data and documentation? do they understand what to do?
  • are you ready to request filing extensions due to staff or client illness or local quarantine?
  • have you established sanitation procedures for your office?
  • do you have a vision of the worst-case scenario? this could include a) long-term quarantines of your office, other businesses, and all clients, b) widespread illness and absence of staff, c) general economic downturn, d) interruptions in cash flow, e) slower than usual responses from the irs, and f) well…what else can go wrong?

the 卡塔尔世界杯常规比赛时间 busy season barometer has always asked a variety of poignant questions about everything from the status of firms to the state of the economy. this is the first year, however, that it includes a question about disease. read more →