Beating the rush to front-end scanning. By Roman H. Kepczyk Quantum of Paperless Most tax clients will continue to deliver their organizers and supporting tax documents to firms on paper. So firms are learning quickly how to effectively scan and manage those tax documents at the lowest possible cost.
4 ways the new breed of workflow application can simplify your tax season. By Roman H. Kepczyk Quantum of Paperless The most important aspect of transitioning the firm’s tax process to a digital environment is managing electronic files that are no longer physically viewable in assorted stacks around the office. This requires a digital tax workflow system that lets everyone know the status of every return and easily connects that person to digital copies of the return and the source documents. Under traditional manual tax systems, firms utilized due date tracking databases that identified when a return was due, but not what information was missing, or the preparation, review or extension status.
Intranets are the best way to capture and centralize firm knowledge. By Roman H. Kepczyk Quantum of Paperless Firm knowledge and information is usually stored in one of four “buckets.” The most obvious is within the accounting applications themselves where tax, audit and accounting programs store client files in a format that can only be accessed with that program. Files are usually indexed and accessed in designated directories so there is not much the firm can do about moving these files.
3 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. MORE ON TECH SPENDING: Wireless Is Hot, and Here’s How to Handle It | How Safe Is Your Internet Lifeline? | New Tech Tools for the 24/7 Accounting Firm | The Single Best Defense Against Computer Viruses | When to Adopt Microsoft’s New Office Apps | What Windows 8 Means for How Accountants Will Work in […]
What you need to know to go from Wi-Fi to Mi-Fi. By Roman H. Kepczyk Quantum of Paperless One of the revolutions in remote connectivity is happening within your cellphone, as digital cellular providers have beefed up and expanded their networks to provide reliable Internet access to remote devices. About 94 percent of firms utilize smartphones for access to email, calendar and contacts, and 33 percent provide tablets or netbooks to senior management, according to the Association for Accounting Administration. MORE ON TECH SPENDING: How Safe Is Your Internet Lifeline? | New Tech Tools for the 24/7 Accounting Firm | The Single Best Defense Against Computer Viruses | When to Adopt Microsoft’s New Office Apps | What Windows 8 Means for How […]
Two strategies to minimize business risk from Internet failure. By Roman H. Kepczyk Quantum of Paperless The Internet has had a profound impact on accounting firm operations and communications. What if you lost your Internet connection? On April 13?
Emerging trends and winning strategies in Quantum of Paperless: The Partner’s Guide to Accounting Firm Optimization…
It’s time to start to start thinking about the tax and accounting ramifications of digital, virtual currencies. By Hitendra Patil Pransform Inc. Bitcoin is virtual currency much in the news these days. It’s peer-to-peer so there’s no central bank or government. But, because it necessarily represents income or asset, it needs to be accounted for and hence will have tax ramifications. Accountants, the IRS and accounting software developers are starting to take it seriously. But in the absence of IRS rules specific to bitcoin taxability, accountants have to draw upon their knowledge of IRS rules that govern income, assets, capital gains or losses, and stock and bond transactions, and apply that corollary to bitcoin ownership and transactions.
By Sandi Smith Leyva, CPA Author of “10 Keys to Doubling Your Revenues“ You might be happy to hear me say all the things a brand new business does NOT need when they first start out: A logo is not necessary A $5,000 website is not necessary A bunch of social media accounts is not necessary A blog is not necessary (although a blog could replace the need for a website) So what is necessary? Let’s take a look at the big picture first, then we can see what’s needed at each level of business maturity.
CPAs slow to adopt marketing automation. Too many firms are failing to leverage their websites to capture leads, and the state of the art of using marketing technology to automate the lead nurturing process is in its infancy, according to the author of a new study of 150 CPA firms. [PRO MEMBERS GET THE FULL REPORT]