technology

new benchmarking research: accounting firm operations and technology survey

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garrett johnston

executive summary of key findings available.

卡塔尔世界杯常规比赛时间 is joining in the release of a broad new benchmarking project, the accounting firm operations and technology survey, produced by randy johnston, chairman and ceo of network management group, inc., and leslie garrett, phd, ceo of insight research group.

“our primary goal in developing and publishing this ebook is to deliver an easily accessible reference tool accounting professionals can leverage when making operational and technology decisions,” said johnston.

the 2014 ebook provides the most complete and up-to-date information about practice management and technology u.s. accountants are using in their practices. the ebook shares factual, actionable items and insights that are not available from any other source, further broken down for the practitioner by size of firm.

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what the bitcoin phenomenon means for accountants

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it’s time to start to start thinking about the tax and accounting ramifications of digital, virtual currencies.

by hitendra patil
pransform inc.

bitcoin is virtual currency much in the news these days. it’s peer-to-peer so there’s no central bank or government. but, because it necessarily represents income or asset, it needs to be accounted for and hence will have tax ramifications.

accountants, the irs and accounting software developers are starting to take it seriously. but in the absence of irs rules specific to bitcoin taxability, accountants have to draw upon their knowledge of irs rules that govern income, assets, capital gains or losses, and stock and bond transactions, and apply that corollary to bitcoin ownership and transactions. read more →

the 4 dark clouds hovering over cloud accounting software

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and the two professional remedies you already know.

by frank stitely, cpa
stitely & karstetter pllc

cloud accounting software revolutionizes our relationships with our clients, enhancing our ability to provide real-time and forward-looking tax and accounting services. at the recently concluded sleeter conference in las vegas, cloud vendors promised zero data entry, the editing of transactions in spreadsheet format and seamless integration with best of breed third-party applications.

they didn’t mention, however, that their programmers redefine accounting principles by sacrificing sound internal control at the ease of use altar. before launching your clients into the accounting cloud, evaluate the risks currently ignored by many, if not most, cloud vendors. read more →