This holiday season, researchers expect consumer spending to mirror prior seasons but with a huge swing to online shopping. While you’re buying for your loved ones and feeling warm and fuzzy, cybercriminals are feeling the same about the uptick in online shopping because it presents more opportunities to steal data.
With cybercrime expected to reach $6 trillion in 2021, being aware and maintaining safe cyber practices will benefit you significantly. Here are five things you can do to protect yourself during the holiday season:
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For me, Thanksgiving has historically been an endurance sport. I’ve repeatedly proven to myself that if I can only survive my family’s barrage of questions regarding my singlehood, if I can simply feign an interest in football, if I can laugh off an inebriated uncle’s inappropriate limericks while covering the ears of my innocent siblings, then I will be rewarded with hours of judgment-free gluttony. Turkey with gravy and stuffing. Warm biscuits — split, buttered and steaming. Multiple unnecessary versions of the ever-ubiquitous green bean casserole. Tomato aspic, ostracized and jiggling in a darkened corner of a makeshift buffet table. And pies. Pecan pies. Pumpkin pies. Chocolate chess pies. The delicious bounty makes the familial challenges worth it all.
But this Thanksgiving is different. For many like myself, instead of the bounty and the family, there’ll merely be isolation.
Continue reading "How to be thankful – even in 2020" »
Many of us take stock of our good fortunes during the holiday season, reflecting on what we’re most grateful for and giving back to help others in need. This year has been trying for most of us. Just as businesses and professionals face economic hardships, many college students face challenges and uncertainties about how to fund their education and secure their futures.
That’s why the AICPA Foundation’s work has never been more important. Established nearly a century ago, the Foundation aims to advance the science of accountancy and accounting education. Through the profession’s generous donations, we equip accounting students with the much-needed support they need to progress in their journeys and reach their ultimate goal of becoming CPAs.
Continue reading "Your support matters: Give back this Giving Tuesday" »
As the accounting profession continues to build trust, create opportunity and grow prosperity amid the global pandemic, the AICPA has implemented numerous advocacy initiatives, built coalitions, created tools and provided leadership that simultaneously propels the profession while addressing its issues and concerns. The AICPA’s advocacy efforts have helped the profession navigate clients’ and businesses’ needs in the United States and abroad. This blog highlights some important recent events in our U.S.-based advocacy.
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It’s difficult to overstate COVID-19’s impact on the health-care industry. These changes vary dramatically among individual entities, meaning that there is no one-size-fits-all approach to auditing them. The audit risks vary widely.
Any health-care entity audit should start with a client meeting that covers several COVID-19 variables. They should include whether the client received federal funding, related financial statement implications, remote work arrangements and any furloughs or layoffs.
Here are major considerations to keep in mind during your audits.
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What’s RPA? Will bots take my job? How can my firm get started with automation?
To answer these questions and more, we spoke with two automation experts – Jotham Ty, the founder and CEO of Gappify, a provider of automation software for corporate accounting teams and Lesley Mast, CPA, who is leading the adoption of robotic process automation (RPA) for her firm at Rea & Associates in Wooster, Ohio.
Participants were enthusiastic and inquisitive during our 20-minute LinkedIn Live event, How CPA firms can get started with automation. After the event, Ty and Mast provided additional answers to questions.
Continue reading "Your top 6 automation questions answered" »
This year has been a whirlwind. I’m sure that the extended April 15 filing deadline, the payment deadlines and helping clients navigate PPP funding have kept you busy. Like me, you’re probably just catching your breath. When you’re ready, why not take a moment to reflect on the year you’ve had and consider your goals for your practice. Have you spoken with clients about their retirement or estate plans? Now might be the time to proactively and more formally incorporate financial planning into your tax practice—and begin identifying yourself as a CPA financial planner. Here are four steps you can take to get started:
Continue reading "4 steps to take your tax practice to the next level before 2021" »