The #COVID19 pandemic has accelerated the rate at which accounting firms need to integrate technology into their daily practice. @IanKhanFuturist looks at these tools in this article on @AccountingWEB.
A strong financial forecast is at the heart of any successful Strategic Advising relationship. Many people assume that reporting is the most important, but the forecast provides the roadmap, and therefore the basis for advisory services via @LivePlan.
Entrepreneurship is a journey that no one is ever fully prepared to take. No matter how much time you spent researching/learning things before you started, there are always things you’ll wish you had done differently. Here are 10 of those things...
Automation, including robots and artificial intelligence, promise to change business as we know it. Discover how the business landscape will look in the coming years w/ @jbawdendavis.
When #COVID19 was declared a global pandemic in March of this year, every business had to adjust their budgets. @Divvy_HQ gives us the scoop here about how Restaurant spending has changed in 2020.
You might have meticulously thought-out goals and an inspiring vision. But, no matter how much planning and hard work you personally put in, it's your team that will ultimately determine what your accounting firm achieves via @KarbonHQ.
The IRS released the federal marginal tax rates and income brackets for 2021. Get the scoop here via @AliciaAdamczyk on @CNBCMakeit.
An entrepreneur's day never ends. From the moment you wake up in the morning until you crawl back in bed at night, your to-do list is calling your name. Here are 3 ways to use your time more efficiently.
Do you know where to start and how to avoid inertia when it comes to choosing the right apps for your software advisory suite? My friend @Clayton_Oates gives his expertise here in this article on @AccountingWEB.
That fear of the unknown and the need for control is why my office has been so busy. It’s that old saying, “only two things in life are certain: death and taxes.” Here are some legal lessons from the pandemic from Teresa Rhyne.
It’s one of the most common issues related to the future of a family-owned business: How do the owners pass the business to their children? @marjoriejadams at @fourlane gives us the scoop in her article here.
This past year has been a busy one on the tax legislation front with the following tax bills passed by Congress. @mikeatintuit keeps us updated here with the #CARES act, #SECURE act, and #TCDTRA act of 2019.
Did you miss the #QBConnect innovation spotlights? You can go back and watch and catchup on these spotlights here. #PoweringProsperity @QuickBooks @IntuitAccts
This pandemic has given us lots to moan about. We are working from home & schools are closed. Clients might also complain about their money never stretching far enough. However, it's time to look at the unexpected silver lining in this via @AccountingWEB.
If you're like me, #QBConnect has been one of my staple conferences every year since 2014. I'm sad that there isn't an in-person #QBConnect again this year but don't worry, there's going to be a great virtual event that's anything but the ordinary. Don't miss out on this incredible event.
Job one for entrepreneurs during a crisis is to dig deeper into their financials and make sure they understand an often misunderstood concept: cash flow. There's a big difference between #cashflow and #profit.
Given that cash is, quite literally, the lifeblood of business, here are a few simple tips to make sure that you are always on top of your bank account via @CarlReader.
Well over half of the SMEs have identified access to #cashflow as the main contributing factor which would help their business recover from the #COVID19 crunch. Read more about this research from @broker_news.
You have more control over your cash flow than you think. Here are 7 ways from @QuickBooks that you can control your #cashflow.
As an entrepreneur, you know that your business needs to have more money coming in than going out–also known as positive cash flow–to turn a profit and ultimately be successful. How can small businesses get a better handle on their profitability?
Profit and #cashflow are both important elements of a healthy, growing business, but they are not the same thing. Check out what @QuickBooks has to say about the differences between #cashflow and #profit.
Sometimes the projections for revenue and profit in your business plan aren’t ever realized. If you need to engage in a little belt tightening, here are some suggestions from @QuickBooks for how to get your business’s #cashflow back into balance.
When you’re considering the importance of #cashflow, it’s necessary to look at cash flow for a seasonal business. Check out what @Bplans has to say about this.
For a business to run efficiently, it needs to move money in and out. Use these three tips from @QuickBooks to revitalise your finances and get your cash flowing again.
As a business owner it’s important that you are aware of some key financial statistics within your business. Anyone who has been in business knows that a key factor in being able to sleep at night is having enough cash to pay the bills. @carlreader
You can have the best business in the world, but if the money isn’t coming in then you’ll always feel broke. Here are seven tips from @QuickBooks that can help you to improve the cash flow of your business.
Cash is the lifeblood of every business. Run out of cash, and you’re dead in the water—you can’t pay your bills or make payroll. That’s why understanding your cash flow statement is so important. Check out what @liveplan says in how to use it.
#COVID19 was the catalyst for us to rethink what we are grounded in, and how we need to move toward the future with intentionality. @jbacpa22 from @GroupBaco has some great thoughts in this @IntuitAccts post about #intentionality.
A high proportion of accounting firm owners are constantly stuck in the weeds. Their business does not run smoothly on its own. And they are forced to work long hours to keep everything on track. Check out what @karbonhq has to say about this.
How are accountants and finance leaders adjusting for remote work? One way to ease the transition is to make sure you communicate effectively with team members and clients.
Here are 10 books that various entrepreneurs recommended for a diverse audience to read. @ttaulli
Cleanup projects can be one of the biggest time sucks as bookkeepers – but they are key to the growth of a firm. Here are 4 steps to save time on these cleanup projects by @QBOChat.
Thousands of accounting firms are waiting patiently for their software providers to bring their file storage into the new millennium. According to @LiscioCX, that player might just be @Microsoft.
The success of a business rests on its ability to adjust and adapt to improve earnings. Here's @Divvy_HQ's thoughts about how to reduce #fixedcosts during a pandemic.
As students headed back to the classroom last month, education is on the minds of parents across the country. Check out these 4 key facts about section 529 plans and how they can help you!
Congrats to all my fellow council members & trainer/writer network members who were named as Top 100 ProAdvisors in 2020, including, @lynda_artesani @one8solutions @dawnbrolin @meganbronsonCPA @lisa_burnett_27 @DeborahDefer @IngridEdstrom and many more.
During #COVID, @AICPA compiled the following 5 tips to help CPAs remain productive while working from home with kids. Check them out.
Intuit @QuickBooks asked a number of accounting professionals what being “accountable” meant to them, and here are the responses.
According to @LizScottQBO & @HSatterley, Accountants already provide advisory services: - Every time we interpret a line on a financial report/offer advice about which general ledger account to use - When we tell our clients how much they could save by...
Every company faces it at some point: employees taking advantage of your expense management process. Expense fraud is estimated to cost US business more than $2.8 billion a year. Learn how to manage #expensefraud using @Divvy_HQ.
Here’s some good news for 2020: 72% of people looking to start a business within the next 12 months feel optimistic about their prospects. Read the @QuickBooks survey and learn more about how to start a business in 2020.
Over time, many CFOs and finance leaders have inspired executives to set and meet financial goals. Here are some of @Divvy_HQ's strategies for expense management for #CFOs.
As tax professionals, we often get lost in daily demands, and overlook the importance of selling not just the services we provide, but our firm, staff, and values. Here's a good Sales 101 article by @PurelySolution.
Think back to January or February of this year. The way that CPA firms communicated with their clients and employees looked a lot different than it does today. @JodyPadarCPA asks good questions in this article about how #COVID19 has changed our strategy.
Here’s what you need to know about all of the #COVID19 tax legislation and how to advise your clients on the potential impact on their 2020 tax returns.
We are in an unprecedented time of change for the accounting academic community. Here's a great article by the @AICPA about preparing accounting students for our changing profession.
If 2020 has taught CPA firms anything it is this: Anything can happen, anytime, & your IT staff and infrastructure need to be prepared for the worst, always. Create a business continuity plan, refine it over time, and apply new learnings to it via @Cetrom
The Treasury & IRS recently issued guidance on implementing the #payrolltax deferral that was issued by President Trump. Find out more here:
Here’s an infographic from #QBLive that goes into some detail about small business owners during #COVID19 and how it has affected their business operations and how they are taking on more day-to-day tasks.
Whether you're getting ready for a natural disaster or you've already experienced a loss, here's what insurance companies need to know about your possessions via @dorizinn on @CNET.
