Noel B. Lorenzana, CPA

Is Cloud Based Accounting Safe?

Cloud Based Accounting Systems Security Problems

Cloud based accounting systems are becoming popular with the entrepreneur and small business owner, but are there potential security problems? In light of the recent hacking events from major companies, do you really think your financial information stored in the “cloud” is safe? There is a saying in the website security industry, “It’s not about if your company will ever get hacked, but when.”

What should I do with my old 401(k)?

Always Roll a 401(k) to an IRA (Self Directed: Traditional or Roth)

Do you have an old 401(k) at a former employer? Lots of people do and they invariably are faced with not knowing what to do. If you are wondering if you should leave it there or transfer it to a self directed IRA our answer is generally to always convert a 401(k) to an IRA. The benefits to convert a 401(k) to an IRA far outweigh the reasons you should not.

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