7 Experts Weigh In On the Future of Accounting
Every industry is impacted by the rise of technology and automation, and for many, that can be an...
Given the unprecedented times we are currently living in, DSJCPA has formed an in-house Coronavirus Response Team (CRT) to assist...
The bill, the Small Business Expenses Protection Act of 2020, S. 3612, is currently in the Senate Finance Committee and is supported by the AICPA.
The Association, the global voice of the American Institute of CPAs and the Chartered Institute of Management Accountants, is taking the Coronavirus (COVID-19) very seriously.
The latest news, columns, tips, podcasts, and videos from the Journal of Accountancy and FM magazine
The world has changed dramatically in recent months. At the beginning of 2020, many CPAs were excited about the prospect of an “easier” busy season after dealing with the law known as the Tax Cuts...
U.S. states are providing tax filing and payment due date relief for individuals and businesses. The AICPA has compiled the below latest developments on state tax filings related to coronavirus.
The Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency.
On Monday, U.S. Senator Rob Portman (R-OH) proposed the Healthy Workplaces Tax Credit Act, which would benefit businesses with refundable tax credits against payroll taxes.
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus.
The Internal Revenue Service continued its mission to provide needed relief to the business community since the outbreak of the Coronavirus pandemic in March, turning its gaze this week to the popular Opportunity Zone (OZ) program.
For years, my CPA firm has had the ability to work remotely, as I’m sure yours did. Never, though, did I consider a scenario where everyone would be working from home for weeks on end.
Today's technology allows that to happen in many cases with relative ease; however, are your employees prepared with the necessary knowledge to keep themselves and your network safe under these circumstances?
The COVID-19 pandemic flipped our working world on its head. From work-life balance, to schools and daycares to social gatherings, almost no current business (or life) practice is the same as it was before.
Fortunately, the technology exists to create a virtual workplace and many firms are using it, allowing employees to work from home, on the weekends, and during business trips.
The global spread of COVID-19 has contributed enormously to the sudden surge of businesses moving over to cloud-based bookkeeping software. It’s an industry that had been seeing robust growth...
In the scramble to adjust to running an accounting firm during a pandemic, many firms invested in new technology to help them bridge the gap between a traditional in-office operation and a new virtual approach. And understandably so—it was an unforeseen challenge that caught most industries and businesses off-guard.
Think back to January or February of this year. The way that CPA firms communicated with their clients and employees looked a lot different than it does today.
The COVID-19 pandemic has dramatically altered the professional services landscape, accelerating the trend toward working remotely, limiting face-to-face client and prospect interactions, and generally pushing business activities online, including many accounting services.
Success as a remote worker begins with developing a few simple rules that will allow you to be
engaged and intentional about your work and will create a positive experience.
As your accounting firm makes adjustments and settles into a new normal—at least for the next few weeks while COVID-19 remains a serious threat—it can be hard for firm leaders and managers to maintain the status quo.
Now that people have had the chance to figure out a way to run their businesses or do their jobs from home, leaders now have to answer a more difficult and abstract question: How can we work “together” when everyone is physically apart?..
Two of the primary concerns facing accountants and bookkeepers right now is how to keep employees accountable while they are working from home and how to make sure your clients’ – and your company’s – data stays safe.
The benefits of remote working have long been debated but it's evident that COVID-19 has accelerated the inevitable remote work revolution, with tech giant after tech giant making the trend a permanent fixture for their workforce.
CPAs have no need to return to crowded offices, especially not in states where COVID-19 is having a second wind. Even if CPAs could resume the 9-to-5 ritual, their clients (or colleagues, for those in-house) may not be eager to meet in person. Accounting will remain “remote-flexible” for the foreseeable future.
Working from home has long had an allure for many people. Certainly, staying home on a daily basis, rolling out of bed and going to work in pajamas can be luxurious. However, without a proper work station, working from home can be unnecessarily difficult, unpleasant, and may even lead to ergonomic injury.
Successful CPA firms place a premium on security and ongoing contact with clients. The remote practices, initially thought to be somewhat temporary, will most likely be permanent and will require ongoing education of employees and...
These free tools can help your organization, team, and family during this confusing and dangerous time.
As CPAs and financial professionals, we are trained to be financially astute, but now in the age of coronavirus, we have to master being emotionally astute...
To reduce the impact of COVID-19 outbreak conditions on businesses, workers, customers, and the public, it is important for all employers to plan now for COVID-19.
As businesses continue to aver that “we have great cybersecurity tools and a great IT department,” cybercriminals continue to drain the global economy...
Here are some of the most commonly asked questions our advisors are hearing and answering.
Here is a great planning tool from The Association of Accountants and Business Professionals in Business
During stressful times like these, it’s natural to feel like everything around you is broken. Everyone is out of sorts. The economy seems frozen. Your clients’ personal and business finances are in disarray...
However, all CPA firms, regardless of their telecommuting preparedness, now face new data and cybersecurity threats that have emerged due to more and more of the workforce operating online remotely.
The coronavirus (COVID-19) pandemic has caused companies across the world to temporarily close their doors in an effort to halt or slow down the spread of the novel coronavirus...
The recently enacted CARES Act, inclusive of the wildly popular Paycheck Protection Program (PPP), is the largest stimulus package since FDR's New Deal...
This ADP Coronavirus (COVID-19) Employer Preparedness Toolkit was designed to help you navigate the challenges you and your workforce are facing.
Pisano provides an amazing perspective because in addition to being a leadership guru, she also has a master’s degree in applied human psychology.
Business owners are known for being risk-takers. They are more comfortable than most when it comes to dealing with uncertainty...
If you think you or a family member have been exposed to COVID-19, evaluate symptoms with apple's in-home screening tool and understand your next steps.
For now, specific policies and procedures may be left up to each individual employer in alignment with general guidance provided by EEOC, OSHA and testing guidance from the Centers for Disease Control (CDC) and the FDA.
Answers about travel insurance, refunds, safety tips and more from Lola.com's team of travel experts
The Department of State advises U.S. citizens to avoid all international travel due to the global impact of COVID-19.
Which major airlines and hotel chains are waiving cancellation and change fees in light of COVID-19?
If you are like many accountants in these extraordinary times, your email and voicemail inboxes are filling up with questions from clients asking how they should be responding to the coronavirus pandemic.
Charles Darwin may not have lived through a pandemic, but he certainly knew a thing or two about adaptation. “It is not the strongest or the most intelligent who will survive,” wrote Darwin, “but those who can best manage change.”
For CPAs, the past three months have seen a wide mix of consequences affecting clients, employers, and colleagues. One thing has been clear: Every business needs to regroup and plan for what can only be described as a murky future.
Our Botkeeper marketing team has compiled 10 powerful strategies that you can implement today.
During the early days of the pandemic, most people had a free pass on their wardrobes when working from home. We were in complete crisis mode, and the last thing on anybody’s mind was formal office attire. But now clients are settling into the new normal.
Many of the changes the COVID-19 pandemic has thrust on accounting firms are opportunities to accelerate the profession’s needed transformation, according to Koltin Consulting Group CEO Allan Koltin
This period of COVID-19 presents a unique challenge for accounting firms and their clients, many of whom are grappling with how to survive when most of the country is on lockdown and many businesses are at a full stop...
Here are a few actions you can take in your business development activity to reignite the fire now, and set yourself up for the inevitable changes to how you will do business as a long-term result of this pandemic.
A “new normal” is framing day-to-day life as those in professional services return to work. While some businesses have returned to limited operations as restrictions brought on by the COVID-19 pandemic lift, accounting firms and the CPAs working within them now face a significant learning curve settling into an evolved routine.
As stay-at-home notices are expiring, CPA firms and tax practices nationwide are making decisions on how and when to return to their traditional workspaces. While the process continues, employers and employees have many risk factors to consider.
As regions of the U.S. continue to adjust their stay-at-home or similar orders, businesses of all sizes are weighing their options for recalling employees to the workplace, questioning when and how to reopen their doors safely.
From a financial market perspective, the novel coronavirus pandemic has led to global economic uncertainty and volatility. With such widespread impact, the economic effects are disrupting day-to-day accounting procedures...
This is complicated stuff. There are federal, state, and local regulations to consider. The health and well-being of your employees is your top concern, obviously, but you also have to consider the health of your clients, your team's access to protective equipment, and your own legal liabilities.
The coronavirus pandemic continues to test the accounting profession in unprecedented ways and, for the most part, accountants are rising to these unique challenges — advising clients on how to keep their businesses afloat while focusing on the recovery of their own practices and people.
Inspired by a recent McKinsey’s article titled “Beyond coronavirus: The path to the next normal,” we think there are five distinct stages we must navigate to get through the COVID storm — resolve, relief/resilience, reopen, reimagine, and redefine/reinvent.
Since the advent of the internet, the accounting profession has faced an identity crisis. As technology has eaten away at core functions of the profession like compliance and payroll, accountants have faced mounting pressure to distinguish themselves from the software tools they use and provide new value to clients.
Every industry is impacted by the rise of technology and automation, and for many, that can be an...
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