Xcentric Won Outsourced Technology Services & Roman Is a Top Thought Leader

The CPA Practice Advisor’s 2018 results are out! Xcentric made it on the list once again as #1 Outsourced Technology Services provider. We appreciate all of the voters who made this possible, and we are honored to serve such wonderful clients.

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Xcentric Is on the 2018 Top 100 Vertical Market MSPs and Pioneer 250 Lists!

Xcentric has made it on ChannelE2E’s Top 100 Vertical Market MSPs List for 2018! The annual list and research identify and honor the top 100 managed services providers (MSPs) in healthcare, government, financial services, manufacturing and additional vertical markets.

The Top 100 Vertical Market MSPs rankings are based on ChannelE2E’s Q4 2017 and January 2018 readership survey, and ChannelE2E’s vertical market industry coverage. MSPs featured throughout the list and research leverage deep vertical market expertise to drive annual recurring revenues (ARR) in specific market segments

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Blog Hiatus During Tax Season

We aim to provide our readers with valuable content around technology within the accounting industry, however, it only makes sense for us to post on our blog while our audience will read it. We know CPAs, and we know that you’re much too busy during tax season to do anything other than work, so we will be taking a break from our blog. We might occasionally post before the big deadline, however, we will wait to release the good stuff until you all return.

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Tax Season Tune-Up Checklist

With the busy season rapidly approaching, now is a great time for firms to review their tax production processes and tune them up to be optimally prepared for the opportunities ahead. Below is a tax season checklist covering five recommended areas for firms to focus their preparation, production, and training efforts during the months ahead.

Pre-emptive Client Meetings

With more and more client interactions transitioning to a digital format, it has never been more important to meet clients outside of busy season, and one of the best ways to do this is plan a face to face client meeting prior to busy season.

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Introducing the Blockchain Concept to Your Firm

For the past year, AICPA leadership has been touting the evolution towards the “audit of the future,” with one of the core discussion points being how Blockchain will be one of the driving technologies behind financial reporting and operating a business in the future. This has been bolstered by a tidal wave of articles describing how Blockchain currencies (primarily Bitcoin) were eliminating traditional banking middlemen, how companies were using Blockchain technology to streamline their supply chain with “smart” contracts, and how it could be used to secure digital rights to virtually everything; potentially disrupting every type of transactional information that accountants traditionally utilize to provide their accounting services. Unfortunately, most accounting firm partners are barely aware of the concept and those that have been exposed to it most often take a “wait and see” approach. This nonchalant attitude could put your firm at a strategic disadvantage by not understanding how it is fundamentally changing the way your clients will do business in the near future, and how your firm’s services will need to evolve to be able to advise

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Four Ways to Ensure a Successful Technology Cutover

I’ve done a good number of technology cutovers during my time at Xcentric and thought it might be helpful to share some things that help them go smoothly.

1. Communication

Accurate and timely information is a good foundation.

Xcentric will lead you through the on-boarding process, but we can’t do it on our own. We need a knowledgeable contact to work with us through the process from start to finish.
Nobody knows your firm like you do; be ready to share with us how things work for you.
Timely interactions using our systems will keep us ahead of the deadlines, setting you up for a smooth transition.

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2018 IT Predictions for Tax and Accounting Firms

University professor John M. Richardson summed up his view of the future by stating: “When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened.” This quote is apropos to today’s accounting technology environment as we step towards the precipice of change that is occurring around Artificial Intelligence, Block Chain and the impact of data sciences on our accounting, tax and audit processes.

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Vote Now for the 2018 Readers Choice Awards

Each year since 2004, the CPA Practice Advisor nominates vendors and technology providers within the Accounting industry to allow users to vote for vendors within various categories. This gives you, accounting professionals, a way to share what you believe are the most beneficial systems within the industry.

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Prepping for Tax Season by Upping Your Security Game

At our annual Cloud Conference this year, we had a member of the IRS Cyber Crimes unit present on security trends within the accounting profession. His talk started with an announcement that hackers were running help-wanted ads on the “Dark Web” for UltraTax, ProSystems fx, Lacerte experience. The “Dark Web” is a subsection of the internet where all kinds of illicit activity runs rampant. Do yourself a favor and don’t search for the “Dark Web” unless you want to show up on all of the lists the government uses to track the bad guys. Once you click, you’re on the list. 

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