McGowanPro Employee Retention Credit

How can the Employee Retention Credit benefit your organization?

The COVID-19 pandemic has resulted in staff disruptions for organizations across all industries. This crisis is being answered by legislation providing businesses a refundable credit they can apply against qualified wages and certain health insurance costs. The Employee Retention Credit (ERC) – introduced in 2020 under the Coronavirus Aid, Relief, and Economic Security (CARES) Act […]

How Remote Work is Affecting Residency Audits

More people than ever are working remotely. It’s creating headaches for CPAs, accountants, and professional services firms in the form of residency audits. Residency audit triggers include, but are not limited to: Moving to low or no-income-tax states. Purchasing and traveling between multiple permanent abodes. Moving shortly before selling a business. Moving shortly before selling […]

McGowanProfessional-cyber

2021 RIMS Conference Cyber Takeaways

RIMS LIVE 2021 recently took place; a conference considered the most comprehensive risk management event globally and a must-attend event for anyone providing services to risk professionals in 2021. It featured over 100 hours of risk management knowledge and insights surrounding everything cyber. The conference brought in dozens of industry expert speakers and held dozens of events […]

McGowanProfessional-remote-work

Remote Work in 2021: Preparing for the Risks

One of the most significant outcomes of COVID-19 was the acceleration of the digital business shift. All indications were that remote work would be the future, but nobody planned on the transitioning happening so fast.  The speed to transition was impressive, but it left some open doors for criminals looking for soft spots like anything rushed. With […]

Engagement Letters

PHOTO PHOTO   SSARS 21 Engagement LetterDownload the sample SSARS 21 Engagement Letter wording   Sample Audit LetterDownload the sample Audit engagement letter for your practice. PHOTO PHOTO Sample Compilation Letter Sample Review Letter PHOTO PHOTO Sample Tax LetterDownload the sample Tax engagement letter with both corporate and personal samples Combined Services Letter Download the […]

McGowanProfessional-accounting-outsourcing

Accounting Outsourcing Risks: What You Need to Know

CPAs, accountants, and professional service firms are known to outsource work at times, especially during tax season. It’s common practice and often necessary. When done right, outsourcing work can save a lot of time and money. If done wrong, it can be extremely costly and could even ruin a company’s reputation. The biggest risk of […]

McGowanPRO-remote-access

Remote Access Security for CPAs and Accountants

When COVID-19 sent everyone home to a remote desktop, many companies did not have remote access systems in place. As a result, IT teams scrambled to deploy them amid chaos. It was no minor task, and many IT teams were unprepared for the massive shift to remote work. To no surprise, security flaws stemming from […]

The Society of CIC Recognizes Gary Sutherland for Twenty Years of Leadership

Gary Sutherland of McGowanPro in Framingham, Massachusetts was recently honored for his ongoing pledge to education, commitment to excellence, and dedication to the insurance profession. The Society of Certified Insurance Counselors (CIC) presented Gary Sutherland with a formally inscribed certificate for his continued participation in the CIC Program. Earning his CIC Designation and maintaining all […]

wayfair decision

Understanding the Wayfair Decision and Associated Risks

The days of internet sellers and buyers avoiding state sales tax ended on June 21, 2018, when the United States Supreme Court ruled 5-4 in South Dakota v. Wayfair. The ruling said states could collect and remit sales tax on businesses without a physical presence doing more than 200 transactions or $100,000 in in-state sales. As […]

cybercrime

Cybercrime During the COVID-19 Pandemic

According to an FBI report, cybercrime cases have quadrupled over the last year. With many people working from home, company data security has taken a hit since corporate firewalls cannot protect what goes on at home. CPA firms, accountants, and professional service firms are prime targets of cyber-attacks. The significant amount of personal information collected […]

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