two strategies to minimize business risk from internet failure.
by roman h. kepczyk
quantum of paperless
the internet has had a profound impact on accounting firm operations and communications. what if you lost your internet connection? on april 13? read more →
debate erupts at 卡塔尔世界杯常规比赛时间 linkedin group.
by 卡塔尔世界杯常规比赛时间
one of our regular contributors, hitendra r. patil, coo of pransform inc. in chicago, pointed out an article in a 卡塔尔世界杯常规比赛时间 linkedin group post. he noted that katrina geety had posted “i was skeptical about a move to the cloud. what it cost our firm.” on the workflow exchange.
she noted that a server crash hadn’t meant any loss of data, since that was backed up, but a new one, related upgrades, downtime and testing meant an unproductive week. “had i hosted my applications instead, i would have paid $219 per month, a total of $3,723 for 17 months, instead of investing well over $30,000.” read more →
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and 6 emerging innovations used by the best firms.
by marc rosenberg
from the introduction to quantum of paperless
cpa firms are a lot more innovative than many of us think. in fact, technology is the major area of innovation for cpa firms. the way accountants do their work has been totally transformed and continues to change every year.
some of the major innovations roman kepczyk addresses in the newest edition of quantum of paperless: the partner’s guide to accounting firm optimization include:
2. smartphones and tablets, including the touchscreen
3. cloud/saas, including portals and addressing security issues
4. workflow, including paperless audit and other software and scanning technology
5. knowledge management
6. social media networking
meanwhile, leading cpa firm managing partners leverage technology for efficiencies using one or more of nine main strategies, based on a rosenberg associates study of a cross-section of firms with revenues ranging from $3 million to $15 million. they are: read more →
in a series of interviews with some of the profession’s leading technology executives, 卡塔尔世界杯常规比赛时间 identifies four new rules for success in a rapidly changing competitive marketplace. and it’s probably no accident that three of the four executives who answered our call focus on workflows and document management.
1. workflows and client service are inextricable – brock philp, president and ceo, doc.it, a document management system
2. the biggest peril is irrelevance – scott fleszar, vice president, strategic marketing, thomson reuters tax & accounting, cs professional suite
3. cpas must move from compliance to reliance – chris frederiksen, chairman, 2020 group, practice development tools
4. tax prep alone won’t support the profession – matt peterson, president and ceo, efilecabinet, document management read more →
it’s time to start to start thinking about the tax and accounting ramifications of digital, virtual currencies.
by hitendra patil
pransform inc.
bitcoin is virtual currency much in the news these days. it’s peer-to-peer so there’s no central bank or government. but, because it necessarily represents income or asset, it needs to be accounted for and hence will have tax ramifications.
accountants, the irs and accounting software developers are starting to take it seriously. but in the absence of irs rules specific to bitcoin taxability, accountants have to draw upon their knowledge of irs rules that govern income, assets, capital gains or losses, and stock and bond transactions, and apply that corollary to bitcoin ownership and transactions. read more →
by sandi smith leyva, cpa
author of “10 keys to doubling your revenues“
you might be happy to hear me say all the things a brand new business does not need when they first start out:
so what is necessary? let’s take a look at the big picture first, then we can see what’s needed at each level of business maturity. read more →
cpas slow to adopt marketing automation.
too many firms are failing to leverage their websites to capture leads, and the state of the art of using marketing technology to automate the lead nurturing process is in its infancy, according to the author of a new study of 150 cpa firms.
[pro members get the full report]
clients find accountants’ tech skills lacking. by rick telberg 卡塔尔世界杯常规比赛时间 as small and medium-sized businesses move increasingly online and adopt technologically integrated accounting systems, many tax and accounting firms will need to evolve or face extinction, according to a … continued
video q&a: what accountants need to know and how to get started and when. five actions to prepare for obamacare. survey results on client service opportunities.
by rick telberg as technology moves to the cloud and goes mobile, traditional accounting software sales and support businesses will be left behind by new business models built for subscriptions and high-end services. this could be bad news for the … continued
by sandi smith leyva
accountant’s accelerator
imagine that a new client comes to you with “the dreaded shoebox” of bank reconciliations, receipts and bills. the client is a year or so behind, and you are hired to get him caught up. do you take that client, knowing you’ll be swamped doing data entry for weeks at a low hourly rate?
more at 卡塔尔世界杯常规比赛时间 for soloists and small firms: five value-add service areas to take you beyond bookkeeping | six money-making strategies to take you beyond quickbooks | proactive ways to get more referrals | the three biggest money leaks in your practice | new client opportunities with mobile apps | six questions to launch your summer strategy sessions | what most accountants miss in the five simple steps to get more clients | 10 ways to add a “money maker” hour to your day | 11 sources of wealth we can celebrate | nine value-adds to command a higher fee | how to design your business around your strengths read more →
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