By Sean Stein Smith, CPA, CMA, CGMA A Fresh Pair of Eyes Advances in computer, mobile and cloud technology are revolutionizing both the ways that individuals live their lives and how organizations operate in the competitive environment.
Topic: tech trends
By Sandi Smith Leyva If you have small business clients that don’t pay attention to their accounting as much as you would like them to, you are likely not alone. The problem is that most of us accountants give up on those types of clients who seem apathetic to our passion for numbers. We shrug our shoulders and consider the client a hopeless case if they won’t take a look at their financial reports at our urgings.
By Sandi Smith Leyva Accountant’s Accelerator We all spend a huge amount of time working all those emails we receive. Luckily, there are many ways to tame the task so you can free up valuable time to work on other things. Here are four ideas to check against what you’re already doing and possibly get a productivity boost…
As data-entry costs plummet, new opportunities for accountants open up. By Sandi Smith Leyva Accountant’s Accelerator After over 30 years in this profession, accounting has never been more promising and more exciting. The main reason is technology is driving data entry costs so low that it’s just about to disappear. That means we can finally focus on helping small businesses get more out of their accounting dollars through more analysis and better tools. Here are five areas that I believe are essential to serving clients best:
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.