Tax & Accounting Blog

Four Ways to Evolve Your Auditing Firm Today

Four Ways to Evolve Your Auditing Firm Today

By now, most of us have been exposed to some sort of doom and gloom message about automated systems and ‘robots’ taking over the future of the tax and accounting profession. Google “jobs most likely to be replaced by technology”, and you will notice accountant, auditor, tax professional, etc. are all going to show up … Read More

3 Steps to Identify and Fix Bottlenecks in Your Firm’s Workflow

3 Steps to Identify and Fix Bottlenecks in Your Firm’s Workflow

The United States Supreme Court today overturned two and a half decades of sales and use tax jurisprudence in South Dakota v. Wayfair, ruling the physical presence standard established in Quill v. North Dakota 2 "unsound and incorrect" and remanding the case to the South Dakota Supreme Court for further proceedings. … Read More

Big Data Aggregation Changing the Face of Client Write-Up

Big Data Aggregation Changing the Face of Client Write-Up

What’s the buzz with Big Data, and what does it mean to us as tax and accounting professionals? Big data, the cloud, artificial intelligence, API’s…all terms we see, but it’s hard to know what’s relevant to your firm and where to invest our learning resources. This article is my best attempt to connect the dots … Read More

EFTPS email system is live

EFTPS email system is live

In 2012, the IRS initiated Rev. Proc. 2012-32. This ruling made it mandatory for all payroll service providers (PSP) to inform their clients — initially upon contract and at least every quarter — that they are filing returns and/or paying taxes on behalf of the clients. The PSP were supposed to encourage their clients to … Read More

Bank account reconciliation

Bank account reconciliation

Reconciling bank accounts is a complex process, but in Accounting CS®, the Actions > Reconcile Bank Accounts screen and the Actions > Reconcile Impound Bank Accounts screen enable you to easily reconcile your bank accounts. You can download transaction data from your financial institution and then match and clear those transactions against transactions … Read More

How to Alleviate the Top Pressures Facing Audit Professionals

How to Alleviate the Top Pressures Facing Audit Professionals

As an audit professional, you face many challenges — including rising staff turnover and fast-changing standards that make it difficult to stay in compliance and stay competitive. Let’s examine three of these pressures, along with some solutions to help make your audit practice a healthy and happy one! Problem: An Unstable Workforce It’s more challenging … Read More