I’m an accountant. Like most of you, I’m also a realist. I’m tired of “doom and gloom” predictions about the profession. I’m also sick of overly rosy and optimistic pictures of what’s to come for accountants... Great article by @MikeWhitmireFQ of @FloQast.
Many of us started our careers being told to seek out a mentor. This individual was meant to be older and wiser than us, and legend had it, if we were good enough pupils... Check out @madelinekreeves's article on "The Power of a Peer Group".
Mindset is the Differentiator... When you embark on a new technology initiative, you may focus on choosing the right software or working with the right consultant. via @jimboomer
How intelligent is your company about your customer? Do you know enough about them in order to create a personalized customer experience? Here are Three Steps to Monetizing Your Data through Customer Intelligence...
I know the #governmentshutdown is over now, but this article has some good thoughts about the fallout of government #cybersecurity during a shutdown. This is definitely something to keep in mind for future shutdowns.
It’s no surprise when even the most driven professionals find themselves switching off for a few minutes during the workday for any number of reasons, such as fatigue, frustration or a lack of clarity about an assignment.
Payroll fraud is what I like to call a “two-punch hit” for your business clients. The money gets stolen and then the IRS comes for it. In that moment, a $130,000 problem becomes a $260,000 problem. A staggering double-blow.
When an employee receives money from a customer and they steal it before it hits the banks, that’s cash skimming. The employee takes cash off the top, which can be difficult to detect and it can destroy businesses.
The rapid progress and development in artificial intelligence (AI) is prompting desperate speculation about its dual use applications and security risks. Here's a great article on the Dual-Use Dilemma Of Artificial Intelligence
With the growth of contactless payment systems, & the establishment of Open Banking catalyzing faster development of digital payment infrastructure, the use of cash is slowing. Here's What A Cashless Society Could Mean For The Future...
Technology both replaces and complements workers, says Schleicher. “The question is really how we can pair the artificial intelligence of computers with the human qualities of people."
The hobby loss rules limit the deductibility of expenses related to activities not engaged in for a profit; determining this is based on the facts and circumstances of each situation, but regulations under IRC Sec. 183 provide a safe harbor rule.
Entrepreneurs must rely on a broad set of skills if they are to out run the competition in today’s business environment. Here are 6 Life Skills That All Entrepreneurs Need To Succeed.
Everyone knows this. You can only lead by example. There’s no other effective way to inspire people.
There are many dynamics that must align to get a CPA team rowing in the right direction. Here are 7 Really Good Reasons CPA Firms Don’t Achieve the Growth They Desire...
Technology Teams are formed to deliver a unique set of solutions and services. Within one company, multiple Technology Teams can combine to form a resilient Technology Organization.
Top Tech Tools to Maximize Your Time This Tax Season: Intuit Link, eSignature, Pay-by-Refund, TSheets, QB Payments, etc. Read this great article by @smbizpro #poweringprosperity
The success of AI in improving customer experiences will ultimately come down to how much consumers trust the technology. 61% of customers understand the benefit of AI, while 31% remain wary of how it will be used.
Lynda Artesani (@lynda_artesani) customer sales workflow has many apps and processes to it. It all starts with consistent content. Adding that to your website and sharing what you know is paramount. It’s truly the queen of the stack. #QBFirmOfTheFuture #PoweringProsperity @QuickBooks @IntuitAccts
It seems like the workforce was just introduced to Millennials – how can Generation Z already be bursting through the seams? Millennials are no longer the youngest generation in the workforce, Gen Z is...
Intellectual humility: the importance of knowing you might be wrong Why it’s so hard to see our own ignorance, and what to do about it via @B_resnick
With consumer expectations rising, many brands are working to deliver more customized, personalized experiences where possible, while trying to also provide openness and transparency in their consumer interactions via @pammktgnut
Decisions come in all shapes and sizes. Some are simple to make and inconsequential, while others are challenging, and bring with them potential risks or rewards.
Whether or not we admit it, everyone has unconscious biases. When unacknowledged, bias can limit your potential to truly connect with others or damage connections you’ve already made.
It is that time again, where we as a profession have elevated enthusiasm for automating redundant tasks and seeking the efficiency promises of artificial intelligence and blockchain via Kara Haas
For those who’ve decided to keep their businesses offline and on desktop, I’ll give you a little rundown. #Appstacks are the group of apps that accountants and bookkeepers use to make their businesses run smoother, & their clients’ lives easier via @veem
Welcome to 2019, a year when several important tax policy issues are likely to hit the news. Watch for these: Whether Congress will make changes to the 2017 #TCJA, and 6 more potential policy changes... via @howard_gleckman
Innocent Spouse Relief provides relief for a spouse from tax owed if the other spouse reported income incorrectly, either by under-reporting income or over-reporting deductions and/or credits or using incorrect property basis.
When it comes to your finances, do you take a head-on or head-in-the-sand approach? If you identify with the latter, the good news is you're not alone. The bad news? You're not alone.
Do your emails resemble novellas and come with a table of contents? We all want quicker responses to our emails, but we don’t always set ourselves up for success. Here are 5 Ways to Keep Your Emails Short and Sweet via @jocutrara
Manual invoice processing is a labor-intensive process that requires employing workers to loop through redundant processes such as accepting invoices and paying them off. Here are 5 Ways to Reduce the Expensive and Unnecessary Costs of Invoice Processing
With the beginning of the year upon us, it may be time to review your current estate plan. In 2018, the estate tax exclusion was raised to $11,180,000. With portability that amount is doubled to $22,360,000.
Are you looking to grow your tax practice this busy season? Here are some quick tips to help you attract tax prospects for your tax practice from @CPAAccelerator.
Accounting and managing expenses might not be the most fun aspect about running a business but it is vital. Knowing exactly how money is coming in & going out of your company can make all the difference in your business.
Here’s a 2019 prediction that we guarantee will come true: There will be no human being or business adamantly hoping to be paid slower in 2019 than they were in 2018.
While there is pressure from other industries to convert to more commission-based pay based on metrics, there is no exact method to applying pay-for-performance metrics in a tax or accounting firm.
Another year. Another digital revolution. What is hot when it comes to accounting marketing? Here's the Top 10 Accounting Marketing Trends for 2019 put together by @INGmarketing.
At face value, the power of one customer seems rather insignificant. After all, one customer making a single transaction certainly will not make the difference between the success and failure of a small business.
"I get a lot of questions from bookkeepers and accountants alike. One of the things I get asked the most though, is how I find my clients." ~ @TotallyBookedNY Listen as Kelly shares how to find clients in this post.
I’ll go ahead and say it – every entrepreneur should hire a CPA (or I might add an EA). Here are 3 reasons why all entrepreneurs should hire a #TaxPro.
As your firm prepares for the coming onslaught known as tax season, it’s important to think beyond optimizing your workflows and tech stack to consider how to keep your team’s morale high from now through the end of April @dawnbrolin #poweringprosperity
The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.
A key thing to keep in mind concerning blockchain is: - #Blockchain enables transactions data to be exchanged securely without going through a central third party via @HitendraRPatil
The tech-enabled workplace revolution, however, is expected to see a net gain in human jobs, a new report finds. However, By 2025, Machines Will Perform Half of Today’s Workplace Tasks according to @WSJ.
Why don't #CPAFirms make it to the 2nd generation? The short answer is that #CPAfirms stink at succession planning. Firms’ entire operations are geared to maximizing short-term profits, focusing on today at the expense of tomorrow.
Each of us understands what it means to be disappointed by a poor customer experience or delighted by the employee who goes above and beyond. Learn what @TracyMaylett says that Every Entrepreneur Needs to Get Right About the #CustomerExperience.
Payments providers that adopt advanced analytics to develop integrated approaches to customer service are seeing significant improvements.
Companies that create exceptional customer experiences can set themselves apart from their competitors. Here's a great #CEO guide to #customerexperience from @McKQuarterly
It’s so important for #taxpros to understand potential cyber threats associated with new technologies entering the workplace. 1) Get to know the law 2) Determine potential #cybersecurity risks 3) Implement multi-factor authentication
Let me be clear without being hyperbolic, if the developers are successful, Quantum Computing will change the future and direction of computing for many generations including long after I’m dead and gone via @RPJohnston
