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Resource Category: Blogs & Articles

Worst-Case Scenario: Companies That Shut Down After Cyberattacks

Cyberattacks have the power to close companies that don’t have the resources to recover. The frequency and costs of cyberattacks continue to grow, so cybersecurity experts urge business owners to shift their mindsets: It’s not a matter of if your company will be attacked, but when. A cyberattack costs around $200,000 to recover on average, […]

Accounting Firms Fall Victim to Cyberattacks: Lessons Learned

It’s a story we’ve heard too many times: an accounting firm falls victim to a cyberattack, costing the firm its reputation, clients, and of course, money. Unfortunately, experts warn cyberattacks are not slowing down. In fact, criminals continue to get more sophisticated with time. Below we share two examples of accounting firms that experienced cyberattacks. Their […]

5 Easy Ways for Accounting Professionals to Effectively Collaborate with Clients

Running a successful accounting firm isn’t just about having the right tech stack or a streamlined workflow. It also requires great client collaboration. After all, accounting is no longer just about “customer service.” Collaborating with your clients will lead to improved outcomes not only for your clients but for yourself as well. Read on to […]

A Step-by-Step Guide to Switching Your Accounting Practice to a Digital Firm

So, now that we’ve discussed what an online-only practice is, reviewed what modern clients want from their modern accountants, and discussed the benefits of making the switch, it’s time to go through how to change your current accounting practice to a digital-only firm. The change won’t happen overnight, Meagan Ledden of AutoEntry warned on a […]

4 Ways You’re Making Your Accounting Firm Vulnerable to a Cyberattack

One of the most effective ways to safeguard data is to recognize how you and your staff are putting it at risk.   Cybersecurity is ultimately about the people and the decisions they make. How often have you opened an attachment without looking at the email first or postponed a system update because it’s not the […]

The Benefits and Cost Savings of Switching to an Online-Only Accounting Practice

In the first part of our content series on digital-only accounting practices, we covered what an online practice is, what modern clients expect from modern accountants, and how to decide which clients to take with you as you transition to a digital-only practice. You can read the first part of this content series here if […]

How to Become an Adaptable Accounting Practice, According to Experts

“Adaptable.” That’s a new buzzword accountants have been hearing for the last six to eight months. But what exactly does it mean?  According to experts like Meagan Ledden at AutoEntry, Daniel Fritz of SmartVault, and Paul Donno of 1Account Online, being adaptable means bringing 100% of your practice into the Digital Age–in other words, creating […]

Why Accounting Firms are at Higher Risk for Cyberattacks Than Other Businesses

All businesses are susceptible to attacks, but accountants are at higher risk simply because of what they do and the clients they serve.   Cyberattacks, tax fraud, and scams are rampant; each year, criminals only get bolder and cleverer. Unfortunately, accounting and tax professionals fall into the high-risk category – simply because of the information they […]

Technology & Client Collaboration Are the Keys to Accounting Firm Growth

For the majority of accountants, business is flourishing: According to a recent Intuit survey, 82% of accounting professionals are seeing firm growth, and this trend is expected to continue.   Unsurprisingly, a lot of this is due to technology. The same Intuit report thanks the increased efficiency the right tech stack provides as a key […]

SmartVault Launches New Brand Identity and Website Reflecting Commitment to Advancing Cloud-Based Document Management

SmartVault, a subsidiary of GetBusy, PLC, announced today its new brand identity and logo. This rebranding reflects the company’s continuous commitment to making document workflows easier and more secure with its cloud-based document management and client portal solutions.  The company’s updated brand aligns with the advancements in SmartVault’s core document management system. The new logo […]

3 Expert Tips to Create a Modern & Efficient Accounting Firm

Each year, respected experts and reputable organizations in the accounting and finance professions take note of trends they expect to see going forward. While in some cases, their predictions might differ slightly, this year, there’s one major focus they’ve almost unanimously agreed upon: Most accountants are thinking about growth. This includes attracting and retaining new […]

Recent Tax Fraud and Scams, Plus Warning Signs Your Firm’s a Victim

Tax season is the perfect time for cybercriminals to attack. They know accounting and tax professionals receive, send, and store a ton of personal information about their clients during the busy months. This information – names, addresses, wages, Social Security numbers, and more – give criminals exactly what they need to file fraudulent tax returns […]

Cybersecurity Expert Shares 3 Ways to Protect Taxpayer Data Against Cyberthieves

In a recent SmartVault webinar, Randy Johnston, one of accounting’s Top 25 Thought Leaders, and Luke Kiely, a law enforcement veteran and SmartVault’s Chief Information Security Officer, discussed a group of people that plague CPA firms at tax time: cyberthieves.   Read a summary of their conversation below. You can watch the full webinar on-demand here.  […]

How SmartVault’s Partnership Increased Customer Retention For My Business

Hear from Katie about how SmartVault increased customer retention in her business and helps to keep her customers happy everyday. Case Study: How SmartVault’s Partnership Increased Customer Retention For My Business discusses: How product enhancements have supported her business Her transition from desktop to the cloud The impact the partnership has had on her clients

Phishing Awareness at SmartVault

Threat actors use email spoofing to send emails that look like they originate from SmartVault. These phishing scams will trick you into sharing sensitive personal information or downloading a malicious file, such as malware. The content of these emails may look like legitimate emails that you receive from SmartVault, using a smartvault.com e-mail address, with […]

How to Help Your Clients Avoid Getting Audited This Tax Season

It’s every client’s worst tax nightmare: They receive a letter in the mail from the Internal Revenue Service saying something has triggered an audit. The instructions that come with each audit letter are different. Some people might only have to send a few documents – like bills, canceled checks, loan agreements, or medical bills – […]

3 Tax Changes CPAs Must Know to Work With Small Business Owners

The last few years have been tough for the 32-million-plus small business owners in the U.S. In addition to the upheaval caused by the pandemic and, more recently, rapid inflation, they’ve had to contend with the nexus laws put in place by the 2018 South Dakota v. Wayfair decision and other changes to the tax […]

3 Tax Scams and Fraud to Watch for During the Busy Season

Each year, taxpayers across the United States find themselves victims of scams. Worse still, reports have shown that scams are on the rise: The 2022 Annual Report of the Identity Theft Tax Refund Fraud Information Sharing Mission and Analysis center shows that there were eight million reports of tax scams and fraud. This number is […]

7 Benefits of Working in the Cloud for Accountants

Despite all the technological progress accountants have made during the pandemic, many surprisingly stopped short of transitioning to the cloud. If you’re still on the fence and not sure if the cloud is right for your business, look at the benefits below. They’ll clearly illustrate why it’s advantageous to make the transition to the cloud.   […]