According to a 2020 PWC report, the average US organization experiences around six incidents of fraud every year, and customer fraud is the most prevalent. Financial service providers are important in preventing fraud and the influx of fraudulent money trying to enter the global financial system. For that reason, developing an understanding of what KYCRead more
eSigning has proliferated all over the world, and nearly all regulatory authorities have approved it. As such, many organizations and individuals nowadays sign documents electronically. The banking industry is no exception and has widely embraced the use of electronic signatures, particularly with the aim of ensuring financial compliance. However, some banks and financial institutions struggleRead more
The tax industry involves mountains of paperwork. Managing heaps of critical tax files and paperwork can be a daunting task as CPAs and tax professionals have a lot of other responsibilities. They must: Follow a code of ethics Be informed of any relevant state regulations pertaining to tax forms and laws Keep upskilling to stayRead more
Over the past several years, the accounting and financial industries have seen quite a bit of change - including a swift and impactful change to more digital accounting. So, what is digital accounting exactly? Efforts to switch more accounting processes to electronic and digital methods have been ongoing for the past couple of decades. DigitalRead more
In this article, we'll identify and answer common tax FAQs regarding filing and the usage of electronic signatures. Accuracy, timeliness, and compliance are three of the most important factors for accountants and CPAs during tax season. When any of these three factors are missed, it can lead to problems with the IRS - including additionalRead more
Sustainability is a word you'll probably hear a lot in 2022. As more and more businesses are gearing up to increase their sales and growth efforts in 2022, they are simultaneously doing their part by prioritizing greener initiatives. While large companies, such as IBM and Microsoft, are leading the way with commitments to reduce carbonRead more
As the accounting industry becomes increasingly (some would say predominately) digital, it's more important now than ever for accountants to streamline and utilize the right software tools to optimize their processes and manage their business. Customer relationship management (CRM) software tools, such as Salesforce, have made it easier for accountants to maintain and grow theirRead more
Accounting may be its own industry, but it plays an important role for businesses and individuals in practically every other industry. Taxes, financial planning, financial management and bookkeeping, payroll, and more are often managed by accounting professionals in order to promote healthy business growth, management, and compliance. This type of work take smart, structured, andRead more