The deepening recession is the biggest problem for CPAs this year.
BY far, most practitioners say the “general economic situation” is their biggest challenge this year, followed distantly by getting up to date with tax code changes and late and disorganized clients and client information.
Here are early and partial results from our ongoing tracking polls…
By comparison, last year at this time, the economy was a major problem for only about 26% of professionals. Clients are coming in later than usual, usually more disorganized and concerned about covering the fees. Professionals are racing to stay up to date with all the breaking news and worrying about billing and collections.
How’s busy season for you so far? Leave a comment below. Then join the survey and get the updates.
This sounds like a job for accountants.
It’s not enough to simply give the SEC — or any of its sister regulators — more authority; we need to rethink our entire philosophy of regulation. Instead of assigning oversight responsibility to a finite group of bureaucrats, we should enable every investor to act as a citizen-regulator.
Comment here: http://cpatrendlines.com/2009/02/24/road-map-for-financial-recovery-radical-transparency-now/#respond
Read the rest at Road Map for Financial Recovery: Radical Transparency Now!.
Intacct Offers Enterprise Class Multi-Entity, Multi-Currency Financial Consolidation, Reporting and Analysis
Intacct, a leader in on-demand financial management and accounting applications, has unveiled Intacct Global Consolidations as part of its launch of Intacct Winter 2009, the latest edition of the Intacct financial management system.
Intacct is calling Global Consolidations is “a breakthrough Software as a Service (SaaS) application that enables global businesses to revolutionize their financial consolidation, reporting and analysis.”
FREE DOWNLOAD: Get the deck (PDF, 7 pages)
Continued at Intacct…
