Accounting June 25, 2026
Report Suggests 40% of Workers Have Used AI to Make Fake Expense Receipts
The report found that employees are using AI tools to commit expense fraud, and they’re using AI tools paid for by their employer to do so.
March 24, 2022
Why is Your Tax Refund Taking So Long? Here Are Some Possibilities
Many different factors can affect the timing of a refund after the IRS receives a return. A manual review may be necessary when a return has errors, is incomplete or is affected by identity theft or fraud.
March 24, 2022
Squeezing Under the Medical Deduction Threshold
The annual threshold for deducting medical expenses is finally set in stone. After several years of yo-yoing up and down, the Consolidated Appropriations Act (CAA) established a permanent threshold of 7.5% of adjusted gross income ...
March 24, 2022
Why Security Measures Are Critical for Tax Pros
Every firm is different when it comes to how they acquire, access, store or share data. Given the importance of security of your client’s and your firm’s data, it is important for you to deeply understand the procedures and practices that are in place...
March 23, 2022
Will the ‘Great Resignation’ Become the Great Shakeout?
Should we be concerned about the rising number of accountants leaving the profession? If one is paying attention, the alarm bells are sounding across the board, and it really hits home if you’ve had a personal experience being short-staffed.
March 23, 2022
Man Indicted for PPP Fraud, Using Funds for Cryptocurrency
A 35-year-old man has been indicted in North Carolina on charges he invented businesses to qualify for pandemic relief and robbed a bank, then spent the money buying cryptocurrency and paying bills.
March 23, 2022
Majority of Employers Considering Retirement Plan Enhancements
Overall, the survey found three in four respondents (75%) that sponsor a DC plan made a change to their plan in the last two years and expect to make at least one change over the next two years. An additional 14% of sponsors that didn’t make a change ...
March 23, 2022
Half of Remote Professionals Say They Would Quit if Required to Go Back to Office
Return-to-office plans may lead to more resignations, separate research shows. In a survey of more than 1,000 professionals, half of respondents currently working from home (50%) would look for a new job that offers remote options if ...
March 23, 2022
Why You Need a Clear Client Communication Policy
Having a clear client communication policy is often forgotten as a part of the engagement. Everyone needs to understand the client’s part, the firm’s part, and the collaborative part. Communication policies help your firm achieve this goal. If your firm h
March 23, 2022
How to Nurture Clients Through a Technology Change
Many firms have an aversion to change because clients are creatures of habit. Even if new technology can streamline operations and make it easier for clients to work with your firm,, there’s often hesitation before adoption.
March 22, 2022
Anders and Summit CPA Group to Merge
The merger brings together two strong and innovative organizations. Founded in 2002, Summit has been the pioneer of remote work in the accounting industry since 2013. By offering virtual CFO services including cash flow management, business tax ...
March 22, 2022
IRS Offers Multiple Ways to Pay
It's important to file and pay taxes on time to avoid or decrease late filing and interest penalties. Taxpayers should contact a tax professional, like a CPA, if they have questions or concerns regarding filing their taxes.