July 2017

For internal fraud there are three areas that must be managed, including Cash Receipts, Accounts Payable and Payroll. Each provides an opportunity for individuals to divert funds illegally and in all cases separation of duties and multiple eyes on activ

Staff retention and recruitment ranks as the number one challenge for nonprofits, according to the first annual BDO Nonprofit Standards, a benchmarking survey designed in partnership with The NonProfit Times. More than 70 percent of respondents cited ...

The Boys and Girls Clubs of Alaska turned to AccuFund to help them meet their mission, and it has helped them even more by improving the organization’s efficiency and accuracy, and giving remote access to vital staff, even those in a location like ...

When looking at your priorities, both at home and at work, networking likely falls somewhere near the bottom of the list. Time spent on career development is also time that could be spent with loved ones. But if you can spend just 10% of your week ...

To avoid financial problems or the failure of a nonprofit, it is imperative to monitor the organization’s financial health - by employing good corporate governance. Governance is defined as the process of providing strategic leadership and exercising ...

Many people consider a position on a nonprofit board a recognition of their financial contributions and other efforts to support the organization. But it goes well beyond that. One of the main fiduciary responsibilities of a board member is helping ...

Recent research sheds light on unique vulnerabilities and considerations that women face when planning for their retirement.

Bill.com’s new integration with QuickBooks Online offers a more streamlined bill pay experience and gives users a more accurate view of their current cash flow

Sixty-three percent of CFOs surveyed say they are expect revenue growth, one of the highest levels in the survey’s history, and only 18 percent claim a bias toward cost reduction, for a survey-high net value of plus 45 percent.

New Tax Scam Plugs Into Electronic Fears By Ken Berry, J.D., Tax Correspondent Now scammers are trying to scare taxpayers by thinking their payments to them will be linked to the Electronic Federal Tax Payment System (EFTPS). The IRS is alerting the public about the latest tax scam making the rounds (IR-2017-107, 6/15/17). In this […]

Most Businesses Will Increase Cloud Computing Spending in 2017 By Isaac M. O’Bannon, Managing Editor Businesses have become less skeptical of cloud computing, more confident in its security, and more inclined to invest money in it, according to new findings. Nearly 70% of U.S. businesses surveyed by B2B ratings and reviews firm Clutch say that they […]

Laws seem to be moving towards making mandatory retirement illegal due to age discrimination. Can CPA firms still safely provide for mandatory retirement in their partner agreements?

What's the hottest summer perk? Workers surveyed by staffing firm OfficeTeam said they're most interested in flexible schedules (39 percent) and the ability to leave early on Fridays (30 percent).

I just recently finished up a busy baseball weekend with my son. What does busy look like? We had one tournament with a travelling all-star team while still wrapping up the playoffs in his local little league. After two games in the heat at the ...

As accountants, when we think of government apps, our minds frequently point to the IRS and state revenue agency apps. But there is so much more. I had fun this month exploring apps our government has to offer and was surprised at how much our ...

While it’s common practice for very small nonprofits to utilize standard accounting applications, even the smallest nonprofit can benefit from utilizing a product designed specifically for their needs. Unfortunately, there are those that use ...

Just think about what consumers want today: online ordering and delivery right to their door, instant access to people at all levels using social media, constant updates on news through alerts on their smartphones and even their watches ...

Under the administration of President Donald J. Trump, employers may be able to anticipate many changes in the regulatory and legal environment. In particular, the National Labor Relations Board (NLRB), which had been very pro-union under Barack Obama ...

If your firm intends to be a trusted advisor in accounting, it is time to consider the myriad of changes made in the past year and announcements to be made in 2017. There are so many pending announcements from significant publishers and vendors ...

We’re midway through 2017. How are you coming along with the goals you set at the beginning of the year? Do you still have a positive outlook for what lies ahead? Almost before we know it, fall deadlines will be here, then year end, then many of you ...

The accounting industry needs to be proactive in its efforts to recruiting and retaining talent

Most accountants I know like helping people and contributing to making their businesses successful. Even though many accountants deal with the details of compliance through financials, tax and audit, most aren’t fans of the drudgery of the work that ...