Katz, Sapper & Miller appoints first CIO; Reynolds, Bone & Griesbeck announces next MP; and more personnel news.
Not to change the topic here:
Financial technology will transform the public accounting sector | Accounting Today
I don't think the fintech transformation stops there, however. From my vantage point, I see disruption coming to the public accounting and auditing lines of business. Only I don't see these lines of business as being jeopardized necessarily. What I see is a fintech driven shift in the types of services these firms offer their clients, which, based on my personal experience, is a very welcome development.
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I began my career working for a small public accounting firm that specialized in accounting, auditing and taxes. Clients paid $165 per hour for us to essentially do high-level data entry. Each day we entered hundreds of line items manually. It was pretty much the same inside a corporation — highly educated financial team employees, even today, spend their days doing data entry.
Is the rainmaker model drying up? | Accounting Today
For years, accounting firms have relied on firm partners to use their personal and professional connections, charisma, and contacts to "make it rain" — to bring in new business and revenue that would enable the firm to grow and succeed.
Today, the growth of the internet and the rapid evolution of information technology has changed all that. Service buyers now have more information than ever to inform their decision-making. Websites, digital forums, social media and other online platforms enable buyers to thoroughly research potential service providers, often before they are aware they're being analyzed and evaluated.
Business Spotlight: Larry French Accounting continues to serve local bookkeeping needs –
Larry French has balanced books and helped people file taxes from behind his desk at Larry French Accounting for more than 40 years in Fort Morgan.
Over the years, however, French has found a bigger reason to keep coming to work, outside of the debits and credits on the books.
“Well I like the people more than the work. The work comes almost second,” French said. “You can’t walk down the street (in this community) and meet somebody who doesn’t say, ‘Hi, how are ya?'”
Were you following this:
Thomson Reuters introduces virtual currency organizer | Accounting Today
Thomson Reuters has introduced a new product, GoSystem Tax RS, which provides virtual currency organization for 1040 preparation.
While legislation around cryptocurrencies have been slow, the IRS has introduced a new question on the 1040 form around whether an individual has invested in cryptocurrency. Now there is no way around it: Cryptocurrency investments must be disclosed and accounted for.
GoSystem Tax RS is described as a comprehensive single point of data entry and review for virtual currency transactions, including exchanges, forks, purchases and payment for services rendered. Preparers will be able to see and review these transactions in a central location and have the information reported on the appropriate tax forms.
This QuickBooks training will shore up your business accounting for under $30
TLDR: If you've never used QuickBooks for small business accounting, here's your full introductory training for only $29.99.
With so much on their plate, it's easy for a small business leader to take their eye off the ball from time to time. With the day-to-day realities of overseeing production, operations, sales and more, it's not uncommon for bottom line numbers, the true indicators of a business' overall health and viability, to get lost in the shuffle.
At CES, health gadgets gave me a detailed accounting of my flaws
L AS VEGAS — I have 905 pores, 20 wrinkles, and a face that looks 13% fatigued, a smart mirror bluntly informed me this week at the Consumer Electronics Show.
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I'm only 39% stressed, though, according to my assessment inside a cushy, capsule-like chair with a pulse oximeter attached. "Not bad," the screen inside the pod tells me, though it still recommends I start its therapy.
I scored 12 out of 100 on an exercise to get my brain to produce a certain kind of wave that would allegedly help me sleep better at night — a big F that is "totally normal on the first try," I am reassured while wearing a headband tracking my lackluster neural activity.
Firms giving back: EY launches worldwide 'Ripples' program | Accounting Today
Big Four firm EY launches its worldwide corporate responsibility program; and Illinois firm Scheffel Boyle donates 34 care packages to active U.S. service members.
Happening on Twitter
forgiveness is key. forgive yourself. forgive them people. move on to your new life saveannah (from Runyofingersthroughmyafro) Fri Jan 10 16:58:42 +0000 2020
Quite a few people predicted Morrison's next move would be "There's nothing we can do to stop climate change now, s… https://t.co/1ucrtnkUjy KetanJ0 (from Oslo, Norway (via Australia)) Sat Jan 11 21:57:16 +0000 2020
Interesting study. On average, people report five hours of leisure time, filled with lots of screen time and very l… https://t.co/fMckjvkbFl BStulberg (from Oakland, CA) Fri Jan 10 21:00:25 +0000 2020
Speaker Pelosi is wasting the American people's time. @realDonaldTrump deserves his day in court & the Senate is re… https://t.co/6tt3Qa73Sg sendavidperdue (from Georgia) Thu Jan 09 23:06:10 +0000 2020
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