Digital Fax Has Benefits You May Be Ignoring

fax machine in office on table closeup on a background of office cabinet3 ways to maximize your system.

By Roman H. Kepczyk
Quantum of Paperless

Accounting firms striving to capture all data in a digital format need to go beyond paper and include fax and voicemail systems as well.

At leading firms today, 66 percent of firms have a digital fax system that integrates with email for digital delivery, 37 percent are using video calling, and 27 percent use instant messaging.

Kepczyk
Kepczyk

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Traditional inbound faxes are usually printed from a fax machine and then hand delivered to the recipient’s desk. In some cases this image is actually re-scanned and emailed to the recipient. While this is a step toward digital delivery, today’s digital fax systems deliver a digital image to the recipient via email so they can access them within their email.

To maximize your systems, consider: READ MORE →

Partner Aging Strikes Smaller Firms the Hardest

older man and younger man in meetingAs partners work longer, average partner incomes decline.

The aging in the partner ranks of the CPA profession is by far most prominent at  smaller firms, according to the most recent edition “The National MAP Survey of CPA Firm Statistics.

At firms with less than $2 million in fees, the percentage of partners over the age of 50 has risen to a startling 73.3 percent, up from 65.4 percent last year.

And at firms with fees of $2 million to $10 million, the number has risen to 66 percent from 65.3 percent. READ MORE →