What security measures should CPA firms take against cyber-attacks?

Recent security research suggests that most companies have unprotected data and poor cybersecurity practices in place, making them vulnerable to data loss. Cloud-based software offers incredible opportunities starting from seamless communication and collaboration with different teams to unrivaled flexibility. Emerging, novel tools have become a central part of day-to-day life at a CPA firm. However, […]

Why are CPA Firms Struggling to Make the Transition to Provide Consulting Services?

Challenges Today CPA firms today have evolved faster with digitization and legislation being the catalysts. With increasing emphasis on data security and privacy laws, cybersecurity is among the top 5 concerns for CPA firms.  Navigating the Tax Cuts and Jobs Act (TCJA) passed nearly 2 years ago requires restructuring everything from meals and entertainment expenses […]

Embracing Technology for Auditing Creates New Opportunities

Digital hubs,  the next wave of disruption from FinTech companies, allow seamless and streamlined business operations for auditors to work remotely and in real-time, using data analytics, automation, and graphical representation. Emerging technology allows auditing firms to redesign their workflow and improve business opportunities. Technology enables a novel analysis of structured and unstructured data in […]

4 Questions Every CPA Firm Should Ask Their Team on a Monthly Basis

Emerging technologies are greatly enhancing tax practices. While automation and Artificial Intelligence (AI) represent a quantum technological leap, accounting firms of all sizes can foster rapid growth by leveraging strategic changes in technology and management philosophy. Millennials today occupy a major portion of the workforce, and they have vastly different expectations as employees and buyers. […]

Where Should Accounting Firms Invest Time and Resources to Ensure Business Growth?

Challenges Faced by Businesses Today Access to finance has remained a significant challenge faced by small businesses in America in 2019. While 32% of small businesses financed their company needs through business earnings, 31% through credit cards, & 29% through large or community bank loans, nearly 27% of businesses surveyed by the National Association of […]

Top challenges accounting firms face today and how they can be overcome

Whether it is the ever-evolving nature of government regulations and tax laws, or the struggle to remain cost-effective, accounting firms today don’t have it easy. According to the 2019 PCPS CPA Firm Top Issues Survey, finding qualified staff and keeping up with changes to tax law are among the CPA firms’ top concerns.  With the […]

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