Innovative thought is the theme at CCH Connections, this year's annual CCH User Conference, and the Thomas Paine statement of "Lead, follow, or get out of the way," has never been more appropriate than it is today.
Over 800 members of the Thomson Reuters tax and accounting community gathered in San Diego last week to learn about the latest innovations in their software, experiment with new tools, and connect with peers, colleagues, and members of the Thomson Reuters staff.
It didn't take long for Patti Scharf, CPA, to see a trend developing among her small business clients: She was handing out monthly financial statements, but her clients didn't seem all that interested in the information she was providing.
There used to be a time when financial professionals at tax and accounting firms spent hours of their time in back offices copying returns in triplicate or communicating with their clients through daylong games of phone tag or trips to the post office.
Recently the conversation in the enterprise IT department has shifted for many from "should we be moving to the Cloud?" to "what, when and how are we moving to the Cloud" as many of the key benefits of the Cloud model - reduced costs and management overhead, flexibility and scalability and accessibility - become increasingly well understood and accepted.
At the latest KPMG Iberoamerica Tax Summit, where the environment and technology were key themes, over 50 percent of the audience said that the green agenda is a top strategic priority for their organizations, and 35 percent felt the cloud will be the greatest transformation from a technological point of view.
The IFRS Foundation, the oversight body of the International Accounting Standards Boards (IASB), has announced that it has completed the first part of its project to address requests for extensions to the IFRS XBRL taxonomy.
Accountants will tell you that client portal technology is no longer an accessory for accounting firms – it is a necessity for firms that want to do business in the ever-expanding world of wired commerce.
When document management systems (DMS) and paperless accounting firms first became trendy, some accounting firms decided to become early adopters. But other accounting firms have been more cautious, choosing to wait before rushing into DMS and paperless offices.
The theme of this year's Sleeter conference is "tomorrow's world" of accounting, and the conference will feature exhibitors and sessions that embrace Cloud computing, appeal to the next generation of clients, and encourage existing clients to take advantage of advances in our profession.
Chromebook is designed specifically to work with the cloud environment. It alleviates some of the headaches associated with traditional personal computers, such as crashes, program updates, viruses, outdated hardware, etc.
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.