A great way to stay abreast of industry news and keep up with the latest accounting tips is to follow key financial sources on Twitter. With millions of tweets hitting the site on a regular basis, it can be difficult to filter through the crowd to locate the most useful Twitter handles. Here's a look at three top-notch accounting sources you should be following on Twitter.
AccountingToday.com delivers articles, news, accounting tips, and other information relevant to CPAs. Free site features include real-time reporting on tax and financial issues and podcasts of interviews and speeches from leaders in the accounting industry. Professionals can register for a free membership that provides access to newsletters, special reports, accounting tips, and exclusive access to articles. Even if you have a membership to AccountingToday.com, you may forget to check in on a regular basis. That's okay, because the site tweets as @AccountingToday, linking to important news stories a few times each hour.
The American Institute of CPAs sponsors more than a dozen Twitter handles, which cover accounting tips and news from different angles. If you're an accounting professional and you only want to follow one AICPA feed, then the Journal of Accountancy feed may be the best choice. On average, @AICPA_JofA tweets every few hours, linking to articles, videos, and regulatory updates. Recent tweets addressed tax court closures, IRS news, and tips for dealing with legal accounting issues.
Although both of the Twitter feeds above cover global news items, they target domestic information and news first. For a worldwide look at the accounting industry, follow @WAI_News, which is the official Twitter feed of both InternationalAccountingBulletin.com and TheAccountant-Online.com. The Twitter feed also goes by the name World Accounting Intelligence. Recent tweets linked to accounting news regarding the UK, Singapore, and the US. No matter where you're located, @WAI_News will bring a well-rounded touch to your professional Twitter feed.
If you have followed some of the top Twitter feeds in the industry and still feel your social media is lacking in accounting tips, you can find additional resources through Twitter's search bar. Search with phrases that are likely to be used as hashtags by accounting professionals. Depending on the information you're looking for, try searching for things like #CorporateAccounting, #TaxLaw, #RegulatoryAccounting, #Accounting, #AccountingJobs, or #AccountingSoftware.
Turning to Twitter for accounting tips may seem like a strange idea at first, and you're probably not going to get a lot of actionable advice in 140 characters. However, following the right accounts allows you to monitor trends in the industry, keep up with important news, and stay on top of regulatory or legal changes that could impact your company or clients.
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