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As an accountant or bookkeeping pro, you’re a bit like a superhero—saving clients from financial chaos, one transaction at a time. And while many businesses are leaping into the cloud with QuickBooks Online, some clients are still clutching their QuickBooks Desktop like it’s their favorite childhood blankie. Fear not! With the right tools and strategies, you can make their Desktop experience as smooth as a perfectly reconciled bank statement.
Scaling a business isnt just about increasing sales or expanding your team, it requires a solid financial foundation to navigate successful growth. Without a clear understanding of your financial health, rapid growth can lead to cash flow issues, inefficiencies, and even business failure. One of the best ways to ensure sustainable growth is by tracking the right metrics and key performance indicators (KPIs) with powerful tools like Xero or other cloud-based accounting solutions.
When we start planning for a new year, things often look rosy. We might set sweeping goals and make ambitious projections. Then, the reality of life settles in. As the year gets underway, the busyness that comes with running a business has probably already presented an obstacle. That means its time to prioritize. As you choose where youll focus the time and energy you actually have in 2025, make sure you include one category: financial management.
With great power comes great responsibility: transparency, trust, and efficiency are the backbone of the financial services industry. Blockchain materialized as a game changer; while it was first exposed through Bitcoin, it goes deeper than cryptocurrency. It is expected to change the financial services industry forever, from smart contracts to cross-border payment transactions and tokenization.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
I love attending accounting conferences. This comes as a surprise to no one who knows me (or even knows of me) Ive been featured in countless promo reels, given interviews on the topic, written tips & tricks articles, and talked up the amazing Accounting Cornerstone Foundation (more on them later) endlessly. Why? Accountants are boring, right? Why would anyone want to hang out with a bunch of them?
The headline may sound like a joke but that’s basically what departing RSM Australia CEO Jamie O’Rourke told Australian Financial Review in an interview : Mid-tier accounting firm RSM Australia will not join its rivals in picking off partners from the struggling big four firms as it believes the competitive workplace culture fostered at the top four could damage its carefully curated ethos.
We recommend founders take these five action steps right now to prepare for the ramifications of a tariff war. The post Preparing Your Startup for the Fallout of a Tariff War appeared first on Burkland.
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We recommend founders take these five action steps right now to prepare for the ramifications of a tariff war. The post Preparing Your Startup for the Fallout of a Tariff War appeared first on Burkland.
More than 61.5 million Americans have received their annual tax refunds from theIRS, with the average filer getting back about 4% more than they did last year.
Seattle, Washington, is a bustling hub of innovation, commerce, and culture. From its iconic Space Needle to its thriving tech industry, the city is home to countless individuals and businesses striving for success. However, amidst the hustle and bustle, tax issues can arise, creating stress and financial strain for taxpayers. Whether its unfiled tax returns, back tax debt, 941 payroll tax issues, IRS levies, garnishments, or audits, these challenges can feel overwhelming.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
Recruiting firm Brewer Morris has released its 2025 US CPA salary guide and should you want to read the whole thing you can request it from them here. Perhaps you, like us, were getting bombarded with ads for it on Reddit and have already seen it. It’s actually pretty cool how they do this guide. In it, they share some salaries for the 114 placements they made in 2024 including the position and city, like a tax manager in San Francisco getting $145,000 at a mid-size firm and an audit senio
Did your accountant (possibly me) ask you to make a business tax payment for your Illinois pass-through entity, such as a Partnership or S-Corp — maybe an estimated tax payment or extension payment? And you’re not entirely sure how to make that happen? Well, you’ve come to the right place. The big difference between making an Illinois Department of Revenue (IDOR) payment for an individual (or even with a sole proprietorship) and an entity-type business (for example, a Partnersh
It is not our differences that divide us. It is our inability to recognise, accept, and celebrate those differences. – Audre Lorde, writer and activist. What is diversity, equity and inclusion? Diversity means having people with different backgrounds, identities, and experiences. Equity ensures fair opportunities for everyone, while inclusion creates a welcoming environment where all feel valued and respected.
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
What even is happening. WSJ dropped an exclusive today : Accounting firm Moss Adams is in advanced talks to receive private-equity investment through a merger with peer Baker Tilly, people familiar with the matter said. The combined firm would be led by senior leadership from both organizations, one of the people said. We’re told by a tipster that CEO emails have already gone out to staff so it seems legit.
Highlights: Continuous Transaction Controls (CTC) mandates Business automation and CTC compliance Consequences of non-compliance and future readiness In the ever-evolving landscape of global commerce, Continuous Transaction Controls (CTCs) have emerged as a pivotal element in ensuring compliance and enhancing business automation. Kirsty Kerr, Director, Product Management, Thomson Reuters and Nazar Paradivskyy, Director Regulatory Affairs, Pagero, part of Thomson Reuters, spoke at Synergy 2024.
This includes those who say they delayed spending on health care costs (17%; e.g. medication, medical procedures, etc.) or wellness (17%; e.g. gym fees, weight management programs, meal delivery services, etc.).
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Human capacity planning, in the context of project management, is just like creating a grocery list before baking! It’s about ensuring you have all the necessary ingredients (in this case, team members and skillsets) ready when you need them. Let’s look into the capacity planning process and how project managers can use it to drive project success.
Legislation providing two pathways to a CPA license unanimously passed both chambers in the Georgia General Assembly and is awaiting the governor's signature.
Have you ever entered a transaction in QuickBooks Online (QBO), only to have it disappear and then not be sure how to find it? The good news is that there are actually numerous ways to find transactions that you have entered in QBO. You just need to know where to look. How are Transactions Categorized in QBO? When you enter a transaction in QBO, there are only two final destinations for it - the balance sheet or profit and loss report.
Catherine Morgan is the visionary founder of The Money Panel and creator of the groundbreaking Money Narratives Clearing Method. A former financial adviser with 20+ years experience, Catherine bridges the critical gap between emotional and practical money relationships focusing on the psychology of money. Her powerful framework helps professionals build deeper client relationships, enhance implementation rates, and stand out in an increasingly AI-driven market.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
The use of AI in the legal industry has emerged as a potential solution for managing routine tasks and optimizing workflows. Some legal professionals have begun exploring AI tools for document review, research and basic contract analysis, though adoption remains measured. Weve all heard anecdotal news of someone using ChatGPT to submit a fully hallucinated brief with false information and fabricated citations as fact.
The average federal tax refund amount varies widely across states, with the highest refunds for taxpayers located in parts of the South and Mountain West, according to a new analysis from Upgraded Points.
When buying or selling a business, taxes play a critical role in determining the financial outcome of the transaction. The way a deal is structuredwhether as a stock sale or an asset salecan significantly impact the tax liabilities for both buyers and sellers. Without careful planning, taxes can eat into profits, increase costs, and create. The post Consulting for Buy/Sell Transactions: Tax Considerations and Strategies appeared first on LSL CPAs.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
This latest update furthers Acumaticas commitment to drive ERP modernization beyond strictly back-office functions to become a comprehensive strategic business platform.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
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