why cpas need to worry about cyber crime (especially in tax season)

click for infographic
click for infographic

and what to do about it.

by kenneth j. mackunis
aon affinity

why worry? the quick answer: client files are worth large sums of money! a cpa’s confidential client data, such as names, addresses, dates of birth and social security numbers, provide a target-rich environment for thieves.

tax refund fraud is the no. 1 cyber crime facing cpas today, according to the aicpa. criminals use stolen records to file phony tax returns and receive refunds. the irs issued 1.1 million refunds to people using stolen social security numbers in 2012, which resulted in fraudulent tax refunds of $3.6 billion. read more →

moving to the cloud? do these 6 things first

pile out of outdated computer equipmenthow to know when to scrap your old server.

by roman h. kepczyk
quantum of paperless

in almost every firm, the core computers used for all applications are internal file servers. down time for a day or two is a disaster. if that out-of-service stoppage stretches to a week or more, your partner income will suffer measurably.

more on tech spending: 4 steps to save on hardware spending | in a pinch, use your phone as a scanner | do you have 3 computer monitors? why not? | standardize quickbooks support for clients | how to choose the right client portal solution | streamlining bill-paying at cpa firms | automating bank deposits offers instant roi | how to ‘go digital’ when partners demand monthly p&ls on paper | the 3 reasons firms are migrating to digital timesheets | digital tools streamline audit production | tech tools for today’s properly equipped field audit teams

simply put, mission-critical servers utilized for tax, audit, time and billing, and email have, at most, an effective five-year life.

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it nerds need budget help

donny c shimamoto, cpa citp intraprisetechknowlogies
shimamoto

accountants must define categories of expenditures.

by donny c. shimamoto, cpa.citp
intraprisetechknowlogies

if you think the brainiacs in the it department are going to tell you how to divvy up their budget into capital and operating expenditures, you’re in for a surprise, and not necessarily a good one. it people are smart, but they aren’t accounting smart, which, as we all know, is a very special kind of smart.

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tax season 2015 marks watershed in cpa firm digitalization

roman kepczyk , author of quantum of paperless at //m.g005e.com/shop/qop/
roman kepczyk , author of quantum of paperless

tax season 2015 may signal a landmark change in workflow automation.

by 卡塔尔世界杯常规比赛时间 research

this year’s busy season could mark a turning point in the tax and accounting industry’s techno-history, with mainstream firms flooding into digital processes like optical character recognition, pdf bookmarking, and collaboration tools.

results from this year’s paperless benchmarking survey, conducted for the association for accounting administration by 卡塔尔世界杯常规比赛时间 contributor roman kepczyk, author of quantum of paperless: the partners guide to accounting firm optimization, found a generally upward trend in the use of technology to avoid the carving of audit and tax prep data into stone or printing it out on paper. the survey compared responses in 2013 to foreseen usage in the busy season of 2015.

but which trends are trending the fastest? where are the rockets of digitalization?

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4 steps to save on hardware spending

businesswoman working on laptop at cafe.where laptops rule at cpa firms today.

by roman h. kepczyk
quantum of paperless

getting the right mix of mobility is critical for firms today. today’s rule of thumb is that everyone who works out of the office one day or more per week should have a laptop as their only machine.

more on tech spending: standardize quickbooks support for clients | how to choose the right client portal solution | streamlining bill-paying at cpa firms | automating bank deposits offers instant roi | the 3 reasons firms are migrating to digital timesheets | digital tools streamline audit production | going paperless means convincing clients first | how to cut tax prep costs with scanners | making digital tax process easier is all about the workflow | in a pinch, use your phone as a scanner | do you have 3 computer monitors? why not?

laptops should be scheduled for replacement every three years, whereas desktops are often functional for a fourth year. in firms that utilize workstations only as “dumb terminals” via tools such as citrix, windows terminal server and workstation virtualization (vdi) in the future, the functioning life of a desktop computer can be five or more years.

read more →