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As new IRS regulations implemented last year make it harder and harder for criminals to use consumer tax software to file fraudulent returns, they’re increasingly setting their sights on tax practitioners. More and more, hackers and fraudsters are attempting to steal sensitive client data, hijack professionals’ tax systems (and EFINs) to use for fraudulent filings, … Read More
It’s April 16. You’re in full let’s-just-forget-this-tax-season-ever-happened mode. Your carpal tunnel kicked into overdrive sometime around March 1. The rest of your body is a mess, too, thanks to the 60, 70, even 80-hour weeks you’ve worked since…well, it seems like forever. Your brain’s so fried you could barely remember how to get home last … Read More
During tax season, it can be a chore to scan and sort and organize your clients’ source documents. And even once you have everything entered, ever-expanding tax and accounting regulations make it more challenging than ever to meet the deadlines you set for getting your clients their tax returns. Why not give yourself a break … Read More
For many practitioners, payroll services are a welcome jolt of energy—and profitability—for their firms. Even if you already have a respectable payroll base and are pleased overall with your payroll operations, there’s always an opportunity to improve profitability. And while the actual processing is likely to remain your principal source of revenue, payroll can also … Read More
Given the rise of tax-related identity theft and phishing attempts that can result in bad actors (those who attempt to infiltrate systems and data banks with malicious intent) taking over the credentials of accounting firm employees and gaining access to critical and confidential data, a password is no longer enough to protect the private information … Read More
The Thomson Reuters ONESOURCE™ Indirect Tax Product Management team has been writing lately about the many different aspects of the cloud. In collaboration with our marketing department we recently published an excellent whitepaper titled, “Why Cloud? Why Now”. If you’d like to read it, you can download it here. We have also been hard … Read More