"Ransomware—malware that can block access to a computer system until a ransom is paid to the perpetrator—is targeting professionals in ways that are likely to cause the unsuspecting to open an infected file.
While most CPAs are sophisticated enough not to open an email that says, “Hi, I’m Cindy. Remember me?” there are other ways to entice the potential victim. One of them is a communication from their professional association. In fact, a wave of ransomware is hitting lawyers on the West Coast, causing state bar associations to issue warnings, according to Ricard Jorgensen, president of Jorgensen & Company, a broker and managing general underwriter in the professional liability field." Read Article: http://www.accountingtoday.com/news/firm-profession/cpa-now-targets-of-ransomware-78492-1.html "By my reckoning there are about 42,000 accounting firms in the United States, and 41,600 might be considered to be small.
The No. 1 firm has revenues of about $16 billion with about 65,000 people. Number 100 has revenues of $35 million with about 175 people. Number 300 has about $8 million in revenues and No. 400 has about 20 people and $3 million in revenues. That means the revenues of any of the next 41,600 firms are less than $3 million, and they have fewer than 20 people, including partners or owners. By any standard that is a small business. Most of the small firms are really small, with less than four or five people and revenues less than $600,000. I see a bright future for these firms." Read Entire Article: www.accountingtoday.com/news/firm-profession/art-of-accounting-the-future-of-the-small-firm-79232-1.html "There’s no shortage of details to consider when you’re a small business owner. Getting the back-office basics of accounting in order early on – tracking revenues, expenses and costs – will keep you out of the weeds of paperwork and cash flow snafus, and onto the important work of growing your business.
“You can get away with doing your own bookkeeping and accounting when you first start out,” says New York-based CPA Maggie Kirkendall. “But once you’re ready to file tax returns you often realize you didn’t know enough, or didn’t want to spend enough time to figure it out, and that’s when I suggest getting a bookkeeping or accounting service to help you maximize any tax advantages.” Read Entire Article: www.fundera.com/blog/2014/06/16/9-tips-get-small-business-accounting-order Follow Me On All My Sites and Blogs
https://www.facebook.com/stephen.scarfo.7 https://twitter.com/Stephenscarfo1 https://www.linkedin.com/in/stephen-scarfo-91b24a123 http://scarfo-and-company.weebly.com/ https://scarfoandcompany.wordpress.com/ http://scarfo-and-company.tumblr.com/ http://www.scarfoandco-cpas.com/index.html "Certified public accountants require a significant amount of formal education. Learn about the degree programs, job duties and certification requirements to see if this is the right career for you.
Certified public accountants (CPAs) advise clients regarding tax and financial matters. They may also perform internal and external audits to ensure companies are following the guidelines for financial reporting. Prior to becoming certified, individuals first become accountants, which requires a minimum of a bachelor's degree in finance or accounting." Read Article: http://study.com/articles/Certified_Public_Accountant_How_to_Become_a_CPA.html "What Is a CPA?
So the old joke goes: What’s does a CPA do? Solve a problem you didn’t know you had in a way you don’t understand. Bazinga. Now before you roll your eyes thinking you already know what a CPA is and does, hear us out. Because a CPA’s toolbox includes everything from tax preparation, to financial statements, to financial planning, to forensic accounting, to internal auditing, to income tax, the CPA’s primary function is to help businesses thrive. And while a CPA is an accountant, not all accountants are CPAs." Read Article: www.franklin.edu/blog/what-is-a-cpa-exactly-what-does-a-certified-public-accountant-do/ "The cloud is a more agile, faster, and cheaper place to be. Most firms have a tremendous technical debt in legacy applications (tax and accounting) and therefore many IT leaders have resisted moving to the cloud. The knowledge and technology to migrate to the cloud exists, but the problem often resides with the people who manage legacy ecosystems. This is not a technology problem, but rather a change management problem. "
Read Entire Article: http://www.accountingtoday.com/news/accounting-technology/boomers-blueprint-79113-1.html |
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