How Social Inflation Could Leave Your Policy Limits Behind
Accountants

How Social Inflation Could Leave Your Policy Limits Behind

The world is changing every day, especially the world of insurance. While traditional inflation has grabbed headlines in recent years, there’s another form that could quietly put your accounting firm at risk: social inflation. This hidden factor has led to

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The Build America, Buy America Act: What Accountants Need to Know
Accountants

The Build America, Buy America Act: What Accountants Need to Know

As infrastructure spending ramps up under new federal funding initiatives, accountants may find themselves navigating unfamiliar, but increasingly vital, regulatory terrain. Foremost among these issues is the Build America, Buy America Act (BABA), an extensive new mandate included within the

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The Dos and Don’ts of Engagement Letters
Accountants

The Dos and Don’ts of Engagement Letters

For accounting professionals, successful client relations depend on mutual understanding and clear boundaries—key to achieving those goals is the engagement letter. A written agreement between the accountant or CPA firm and a client, the engagement letter serves to outline scope,

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Think Your Business Is Too Small to Get Hacked? Think Again.
Accountants

Think Your Business Is Too Small to Get Hacked? Think Again.

If you’re thinking cybercriminals aren’t interested in small businesses like yours, you’re unfortunately wrong. Over 50% of small businesses experienced at least one cyberattack in 2019. And according to recent reports, the average cyberattack costs small businesses $200,000. What’s more,

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Ransomware: What Business Owners Should Know
Accountants

Ransomware: What Business Owners Should Know

Cyberattacks are grabbing headlines and keeping many business owners up at night wondering if they will be next. The reality is that since the world went into COVID-19 lockdown and so many employees were forced to work from home, cyberattacks

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