Cloud vs. Desktop Accounting: Which is Better?

Cloud vs. Desktop Accounting: Which is Better?

Business Tips, For Accountants
Still haven’t decided between cloud-based accounting software and the online one?Here’s a simplified comparison we made just for you that we hope can help make up your mind. SecurityWe know that one of the main concerns you have about accounting software is its security. “Isn’t cloud-based more susceptible to malware, virus, and unauthorized access AKA hacking?” you ask.Bellingham Wallace Accounting says that’s a myth. Both are still secure, with the online accounting gaining a bit of the upper hand here. Cloud-based systems’ data are stored in secure dedicated servers, which are protected by enterprise-level security systems. And because it is “in the cloud,” it is safe from physical threats (e.g. anything that can damage your computer).On the other hand, offline or on-premise accounting systems are protected by your local security…
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How to Attract and Retain the Next Generation of Accountants

How to Attract and Retain the Next Generation of Accountants

Business Tips
The latest board exam result for accountants has just been released and many of you are probably eyeing for the crème de la crème you can hire for your firm while making sure the current pool you have stays. But do you know how to attract more so retain them? In a previous article we published, we discussed some of the traits of this new generation AKA the millennials, and how employers can manage them. Here we are sharing tips specific to accounting firms. Adapt to new technologies and trends We all agree that technology is unstoppable. We’re left with no choice but to embrace it. That doesn’t mean, though, that we have to replace our human resource with robots. Instead, what we can do is automate the simple repetitive…
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Tax Changes 2018: A comprehensive list

Tax Changes 2018: A comprehensive list

Business Tips, For Accountants
Editor's note: This article was first published on Jan. 21, 2018. It has been revamped to make sure the contents are up to date. Also, if you are viewing this from a mobile device, please make sure your handset is in landscape orientation. We know you have a lot of questions regarding the tax changes for 2018 and the period hereafter. There are a lot of articles published discussing these changes; however, they are usually on different posts. You can always open several tabs at a time, but who has time for that? So we scoured the web for as much information about changes in tax policies as we can and combined all of what we gathered in one comprehensive list. And here it is. Before After Reduced taxes Personal Income…
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How To Avoid Fake Invoice Scam

How To Avoid Fake Invoice Scam

Business Tips, For SMEs
In case you haven’t heard about it, there is an invoice scam that has been circulating targeting business owners. These scams may be an attempt to fool you or your employees to pay for the products or services you haven’t really availed or may not even exist at all.Other times, these scams require you to download and install a file that contains malware. This malware is created to steal your private information, usually related to banking.How does the fake invoice scam work?There are different versions of this scam but, by and large, you’re sent a legit-looking invoice that has a subject looking like this:[caption id="attachment_28124" align="aligncenter" width="620"] Credit: Telegraph UK[/caption]Sometimes, it may be labeled “past due” or “due immediately” to make you even more uneasy thus luring you to click…
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