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If you’ve been out of the country before, you know cell coverage doesn’t always go with you. When you take real-time context and combine it with a realistic request, it becomes a winning combination for a good scammer.
7 Security Tips to Keep Your Accounting Firm Secure
Accounting firms must put in place effective cybersecurity measures to ensure their firms are secure. And staying up to date with cybersecurity technology is key to preventing data breaches. Once every 39 seconds, a successful cyberattack occurs, involving financial information used for nefarious purposes. Hacking is responsible for 45% of sensitive data breaches, and according to…
The 5 Main Benefits of Going Fully Remote
Companies in nearly every sector are announcing plans to retain remote workers, and experts anticipate that there will be 36.2 million remote workers in the United States by 2025. According to the Journal of Accountancy, over 50% of the top performing accounting firms in the country have staff working remotely. The average employee who commutes to the…
4 Technology Trends that Will Transform the Accounting Industry
At the beginning of 2020, accounting professionals realized for the first time that their jobs were entering the 21st century. The advancements in technology and computing operations brought new life to accountancy. Stacks of ledgers and old manual processes are being replaced with modern accounting software and tech stacks. The digital transformation has allowed accounting firms to…
How Outsourced IT Can Help Your Accounting Firm Grow
Accounting firms and CPAs are tax and finance experts. Few comprehend the complexities of an IT infrastructure and what it takes to have a tech stack capable of managing the many facets of running an accounting practice. There are roughly 46,000 accounting firms in America, and the 500th largest firm only has 20 employees. Small to…
The Tax Software Checklist: Does Your Accounting Software Check All the Boxes?
Investing in the right technology is critical for accountants for several reasons. They need accounting software that checks all of the boxes, including data protection, ease of use, and scalability. These are just a few essentials on the tax software checklist. With a tax software market valuation of $33.6 billion expected by 2030, it is obvious there…
Microsoft 365 – Four Features Accountants Should Be Using
As the digital transformation drives companies to move most operations into cloud computing, the transition continues to be a challenge for many professionals. Those within the accounting industry are particularly struggling with adopting newer technology. The good news is that Microsoft 365 (M365) – formerly Office 365 – has many advanced features that specifically help accounting…
Types of Cyberattacks & How Your Firm Can Prevent Them
Data security is vital for accounting firms because of the sensitive data that they manage every single day. The most common cyberattacks require prevention methods that mitigate these data breaches. It can take more than half a year for a company to detect a data breach, and it can take even longer to restore data security. The…
10 Powerful Software Tools for Managing Remote Employees
Effectively managing remote employees requires intuitive software that promotes productivity, simplifies workflows, and enhances collaboration among every team member. More than half (55%) of companies employ remote workers. Those within the accounting sector need industry-specific remote employee management tools. Here we share programs that we highly recommend for accounting firms that manage a remote workforce. There are…
The Importance of Digital Transformation for Today’s Accounting Firms
A digital transformation – the strategic adoption of digital technologies – for accounting firms does more than simply automate processes. It enhances data collection, improves workflows, and enables strategic decision-making. Digital transformation is the future of accounting. It is a vital step that today’s accounting firms must take to remain compliant, profitable, and successful. There are…
3 Main Benefits of Cloud Migration
Moving data, applications, and other facets of operation from an on-premises (or on-prem) server to a cloud-based infrastructure is known as cloud migration. In 2020, there was a 17% growth in the market size of cloud-based services. More organizations recognized the value in making the switch from on-prem servers is the reason for this growth. Why…