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some of the headaches associated with traditional personal computers, such as crashes, program updates, viruses, outdated hardware, etc.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.
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.