When Mark Freedman left the Maryland accounting firm he had worked with for more than thirty years to establish his own accounting practice in Cave Creek, Arizona, he discovered a newfound freedom as the proprietor of his own business.
The IRS has not gone far enough in implementing best practices at its Service Operations Command Center, which ensures the normal operation of mainframes and servers used to receive and process tax returns.
Cloud services make it possible for business owners to get anywhere, anytime access to all the information they need to run their business. Similarly, if you need to allow a third party to view information, then holding that information in a central location like the Cloud offers the additional flexibility to do that.
Congratulations! You’ve made the commitment to move your practice to the Cloud. Are you finding your clients moving forward along with you with equal enthusiasm? How can you prepare your clients mentally when you are presenting a move to the Cloud or suggesting online products as a solution for maintaining their financial data?
Leverage and accounting firms go hand in hand. While many of us grasp the staff leverage concept, we rarely understand how to properly leverage other aspects of our business effectively. That being said, the chief tool in each of our offices is technology.
Historically, the conversation about XBRL has centered on public companies, thanks to its promise of delivering timely, accurate, and transparent financial information to investors. That conversation is beginning to shift.
New River Innovation has announced a new alliance with Drake Software, a tax preparation solution vendor. The multiyear partnership provides New River Innovation with an established channel for introducing Beyond415 to the tax and accounting market.