Today's Features

Learn to Embrace Failure

Coats hanging on wall hooksIt often comes when we tackle new work.

By Bill Reeb

The learning process is often frustrating. So why is it so difficult to learn new things?

MORE: What a Pro Knows | Appreciate the Joy That Comes From Work | COVID-19 Crisis Requires New Mindsets | 3 Early Warning Signals for Overachievers | How Overachievers Can Get ‘Unstuck’
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One answer is that we don’t have “hooks” for what we don’t know (neither the mental acuity nor the physical skills). An example of this is found anytime businesses train their employees.
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How Auditing Is Like a Pirouette

ballet dancer performing a pirouetteThe key: focus.

By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting

An auditor’s mindset distinguishes a great accountant from an average one.

MORE: Upselling Made Painless | A Test of Concentration | Staff May Surprise You with Leadership | When Pushing the Pencil Pays Off | I Used to Hate QuickBooks | Why We ‘Kill’ to Get Partnership Returns Out Quickly
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The mindset involves really looking at items and not just checking them off. Believe it or not, I developed this by watching ballet.
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PPP Forgiveness: What We Thought We Knew Is Now All Wrong

Live 2.5-hour Webinar: Paycheck Protection Program – Should We “Spend Out” Within the 24- (or 8-) Week Period? Pushing Out New Forgiveness Form 3508 and Being Done.

With Bradley Burnett

Wednesday, July 8, 2020
2 p.m. ET / 11 a.m. PT
2.5 hours, 2.5 CPE
Register Now for $89 | Learn More
until July 7 Midnight ET then $109

Friday, July 17, 2020
Noon ET / 9 a.m. PT
2.5 hours, 2.5 CPE
Register Now for $89 | Learn more
until July 15 Midnight ET then $109

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Zoom Embraces Encryption for All Users

illustrationAuthentication willl be required to try to stem abusive accounts.

By Rick Richardson

Zoom has reversed its controversial decision to restrict access to end-to-end encryption (E2EE) for some users and will now offer the feature to customers of both its free and premium services.

MORE TECH THIS WEEK: COVID-19 Contact Tracing App by Google, Apple Piloted in Switzerland | Texas Court Holds First U.S. Jury Trial Via Videoconferencing | Thunderbolt Flaw Lets Hackers Steal Your Data | Buzz-Buzz! Step Back! | FBI Recommends Passphrases Over Password Complexity | How to Sanitize Electronics Against COVID-19 with UV Light
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The video conferencing app said it had consulted with rights groups, child safety advocates, government representatives, encryption experts and its security council to gather feedback.
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Up Your CFO Game with Data Visualization Tools

https://register.gotowebinar.com/register/3131117053737999117

Free CPE Webinar: How to enhance your product delivery by utilizing data visualization tools.

CPA Trendlines expert author Jody Grunden, the author of  Building the Virtual CFO Firm in the Cloud, invites you to join Join Adam Hale, COO at Summit CPA Group, Jake Grimm, Director of Technology at Summit CPA Group, and Justin Hatch, CEO at Reach Reporting, to learn:

  • why you need a data visualization tool,
  • how to evaluate visualization tools to find the right fit, and
  • how to analyze and prepare your data to get started.

Thursday, July 9
12 pm ET / 9 am PT
1 hour, CPE
Register here

How COVID Has Pulverized IRS Operations

Delays, postponements, system failures, shutdowns, and mounting backlogs.

By CPA Trendlines

Taxpayers who filed a 2019 paper return and are entitled to refunds may be in for a long wait, according to the first report to Congress from the new IRS watchdog.

MORE on the 2020 SEASON: The Mystery of 10 Million Missing Tax Returns | Tax Pro E-Filings Down 20 Percent | IRS Web Traffic Doubles over Year-Ago | COVID Drowns IRS in New Filings | 2020 Tax Season Comes to a Screeching Halt | The Tax Season 2020 Dumpster Fire | Tax Pros Fall Behind 6.2% in Returns Filed
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

The IRS was forced to suspend the processing of paper tax returns, and as of May 16, it estimated it had a backlog of 4.7 million paper returns, says National Taxpayer Advocate Erin M. Collins, who succeeded long-time predecessor Nina Olsen just as the pandemic was ramping up.

Although the IRS is reopening some of its core operations, it is not clear when it can open and process all the returns sitting in mail facilities, the Taxpayer Advocate Service reports.

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How to Attract Clients Like a Magnet

By demonstrating your specialized expertise, you become their first choice.

By Jody Grunden
Building the Virtual CFO Firm in the Cloud

Thought leadership is where you are really going to reap success. You want to be that person who everybody will come to.

MORE: Riches in Niches | 6 Steps for Sales and Conversion | The Right Way to Onboard New Clients | 5 Questions to Evaluate New Tech Tools | The Hidden Cost of Running a Distributed Company | How to Develop Your Leadership Team | Automation and the Future of Accounting
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I just got off a call with a prospective client who had never met me or even seen me speak, but discovered us through a web search and saw that we are thought leaders in the industry. That discovery brought her directly to us, and it was important to her that the CFO she hires fully understands her industry.
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