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 […]

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 […]

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 […]

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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 […]

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 […]

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 […]

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 […]

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 […]

One of the biggest mistakes you can make when leaving your practice is failing to consider that you can still face professional malpractice claims after your departure. Retirement or changing careers does not protect an accounting professional from possible litigation from past clients or third parties. For a smooth and stress-free transition, professionals need to […]