How an Accounting Firm Can Help a New Small Business

PASBA

According to a 2018 survey conducted by Palo Alto Software, the owners of start-ups expressed interest in having an accountant assist them with a variety of tasks. All of this adds up to a lot of opportunity for you as an accountant or owner of an accounting firm. Sometimes it takes only a single session of sitting down with an accountant experienced with business start-ups to help get them back on track.

QuickFee Reveals Integration With Accounting Firm Xero

PYMNTS

16) with the cloud-based accounting software company Xero. The two companies say the move will make it easier for accountants to accept online payments — including credit cards, ACH/EFT and payment plans — from one place, helping solve accounting industry workflow challenges.

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Rapidly Growing an Accounting Firm: An Interview with Glenn Hetzel

PANALITIX

Rapidly Growing an Accounting Firm: An Interview with Glenn Hetzel. Hetzel & Associates, CPAs spoke frankly and clearly on the many challenges and opportunities related to growing an accounting business. The idea is to distinguish yourself from accountants.

Think big: Strategies for the small accounting firm

ThomsonReuters

Though viewed with certain strengths such as agility, the small accounting firm has its own unique set of challenges due to size. At the forefront of those challenges is staffing, and how properly outsourcing affects your firm’s client relationships.

Rethinking the Concept of the Employee: How Outsourcing Can Help Grow Your Accounting Business

Speaker: Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP

The very mention of the word "Outsourcing" is enough to send shivers down the employee spine. However, this gut reaction - while understandable - is merely based on misconceptions. Outsourcing does not necessarily mean mass layoffs and transplanting offshore. Rather, it could be utilized as an employee-friendly way to assuage an overburdened staff, relieve productivity bottlenecks, and stimulate growth. Join Dixie McCurley, Principal, Digital Advisory at Cherry Bekaert LLP, for this enlightening discussion on the ins and outs of outsourcing, and what it can do for your practice.

The Latest On Accounting Firm M&A

RitaKeller

CPA firm leaders need to keep current on the latest trends in M&A and there is no one more in-tune than Allan Koltin. “Success is not final; failure is not fatal: It is the courage to continue that counts.” ” – Winston Churchill.

Biz Management Platform Sage Acquires Accounting Firm GoProposal 

PYMNTS

based SMB accounting proposal management software company GoProposal , the fourth addition Sage has made in the past 12 months. . foothold, as the GoProposal team will join Sage’s global accountants team based in Manchester, U.K.

Why an Accounting Firm Should Handle Your Cybersecurity

Withum

Articles

Why your accounting firm needs a succession plan

ThomsonReuters

We’ve seen the impact the COVID-19 pandemic took on succession planning for accounting firms. Taking a measurement of your accounting firm. Otherwise, you are the asset and your firm is not. Firm leaders must take a measurement of their own business.

KSM Honored as a Top 50 Accounting Firm for 19th Year

Katz,Sapper&Miller

Katz, Sapper & Miller has been named one of the “Best of the Best” accounting firms in the country by INSIDE Public Accounting (IPA) for a 19th time

MoonPay Gets Stake In Crypto Business Account Firm BCB Group

PYMNTS

BCB Group , a business-to-business (B2B) company that provides banking rails to digital currency firms, and digital currency payments platform MoonPay have teamed for a strategic collaboration, Coindesk reported Tuesday (June 22).

Be an Odd Duck: Work on, Not in Your Public Accounting Practice

Speaker: Tom Bowman, CPA of Bowman & Company

It is possible to run an Accounting Firm and never do tax returns or financial statements! Tom Bowman, Owner of Bowman & Company, CPA, PC shares his journey and 10 step process for going from Technician to Business Owner.

Regulator Probes UK Accounting Firm Over Greensill Audit

PYMNTS

entity that regulates auditors, accountants and actuaries has started a probe into Saffery Champness, a U.K. accounting firm, regarding its audit of Greensill Capital (UK) Limited’s financial statements for the year that concluded on Dec. The U.K.

Forbes Names KSM One of America’s Top Recommended Tax and Accounting Firms

Katz,Sapper&Miller

Katz, Sapper & Miller has been named one of America’s Top Recommended Tax and Accounting Firms by Forbes

Botkeeper Works To Cut Costs For Smaller Accounting Firms

PYMNTS

Machine learning (ML)-powered bookkeeping solution Botkeeper has rolled out a new pricing model that will break down cost barriers, increase scale and give more access for firms of all sizes, a press release said on Thursday (April 15).

Influence 101: How to Drive Change in Your Tax and Accounting Firm

ThomsonReuters

How then can IT leaders in large tax and accounting firms best make their case for new technology? Getting people to change is a huge hurdle with firms. For most people in accounting firms, driving change, and leading people through change is not a natural skill set for them.

Getting started: How a growth mindset can help design your tax and accounting firm

ThomsonReuters

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. The biggest hurdle for accountants is themselves.

10 Pragmatic Guidelines to Inspire Trust in Your Accounting Firm During COVID Times

Speaker: Javier Goldin, Managing Partner at Goldin Group LLC

The accounting profession has been moving from transactional to advisory work. Advisory work is based on relationships and an ongoing dialogue. The pandemic has forced many firms into a remote environment. The implicit trust of a face-to-face interaction is gone. So how do you rebuild or reproduce that trust, key to a relationship, in a remote environment. Can it be done and if so how to best execute? Join Javier Goldin, Managing Partner at the Goldin Group, LLC, for this enlightening discussion on the elements of engendering trust.

Withum Named to Forbes America’s Best Tax and Accounting Firms 2021 List

Withum

News

KSM Honored as a Top 50 Construction Accounting Firm

Katz,Sapper&Miller

Katz, Sapper & Miller (KSM) has been named one of The Top 50 Construction Accounting Firms in the country by Construction Executive (CE) magazine

Report: Accounting Firms Turn Down Greensill Auditing Role

PYMNTS

A number of large accounting groups have turned down requests to audit Greensill Capital as the SoftBank -backed firm mulls a stock market listing, the Financial Times (FT) reported.

Why Q4 2020 should be accounting firms’ season for strategic outreach

ThomsonReuters

However, the last quarter of 2020 presents a unique opportunity for accounting firms to engage in preliminary strategic conversations with clients and help them assess the impact of the pandemic and the economic downturn, identify challenges, and lay out goals ahead of 2021. Most firms focus on strategic planning after April 15 — as they should. Planting this seed in Q4 will get your clients used to interacting with your firm in a different way.

KSM Honored by Construction Executive as a Top 50 Construction Accounting Firm

Katz,Sapper&Miller

Katz, Sapper & Miller (KSM) has been named one of The Top 50 Construction Accounting Firms in the country by Construction Executive (CE) magazine

Accounting Firms MYOB, Xero Eye Invoice Finance Solutions

PYMNTS

Accounting software providers MYOB and Xero are exploring invoice finance solutions while retaliation ensues in the background regarding products that charge fees to small businesses in exchange for faster access to unpaid accounts.

KSM Honored as a Top 50 Accounting Firm for 18th Year

Katz,Sapper&Miller

INDIANAPOLIS, IN – Katz, Sapper & Miller (KSM) has been named one of the “Best of the Best” accounting firms in the country by INSIDE Public Accounting (IPA) for an 18th time

How to Stay Profitable With an All-Remote Team

PASBA

With so many people working from home right now, here are some valuable tips for making the most of this situation for your firm and your clients. Developing process within your firm will make a positive impression on clients. This number, divided by revenue is a measure of how the client fits into the firm overall. These great resources are provided by our partners at Jetpack Workflow, the leading workflow software provider for accountants and bookkeepers.

No Breakup For UK’s Big Four Accountancy Firms

PYMNTS

’s Big Four accountancy firms — KPMG , PwC , EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA), The Guardia n reported on Tuesday (Dec. Instead, the watchdog is suggesting that major audits of top companies be conducted by at least two firms, one of which must not be one of the Big Four. ” “Most people will never read an auditor’s opinion on a company’s accounts,” he said. The U.K.’s

cma 46

Wolters Kluwer’s Continuing Audit Education Adds Value

MarkFriedlich

The post Wolters Kluwer’s Continuing Audit Education Adds Value appeared first on Tax & Accounting Blog. Accounting & Audit Learning Solutions Accounting & Audit Seminars Accounting and Audit Accounting Firms Featured Featured Articles

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IASB Releases Guidance on Application of IFRS 9 During Time of Uncertainty Due to COVID-19 Pandemic

MarkFriedlich

The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the Light of Current Uncertainty Resulting from the COVID-19 Pandemic.

Become a Member of PASBA to Enjoy These Benefits

PASBA

Are you a public accountant, certified public accountant, or enrolled agent who would like to earn more business, learn new skills, and connect with fellow accounting professionals? If so, we invite you to learn more about the many benefits of joining the Professional Accounting Small Business Administration (PASBA). At PASBA, it’s our goal to transform the way our members think about their role as an accountant.

Demand is Increasing for Accountants to Help with Human Resources Issues

PASBA

Accounting firms that can assist their clients with managing human capital and financial concerns at the same time can truly stand out from the competition. Clients Already Trust Their Accountants. According to a survey posted on AccountingWEB , more than 87 percent of small business owners express strong trust for their accountants. Accountants have earned that trust by offering professional, personalized service that goes beyond just helping them keep the books.

The CARES Act Provides Temporary Relief from CECL Standard

MarkFriedlich

The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. Specifically, as worded in the Act, “no insured depository institution, bank holding company, or any affiliate thereof shall be required to comply with the Financial Accounting […].

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Best Practices to Prepare for Client Meetings

PASBA

As an accountant, your clients depend on you to provide them with the most current financial data available. Your fellow members at Professional Accounting Small Business Association (PABSA) can give you more information on how they make client meetings as efficient as possible. PASBA feature accounting advice accounting clients accounting firm business owners certified public accountant client communication client meetings client services cpa prepare small business owners

How to Help Your Clients Gain Control of Their Cash Flow

PASBA

That means there’s a good chance your clients may feel desperate for help when they visit your accounting practice. Join the Professional Accounting Small Business Administration (PASBA) today and benefit from the rich experience of your fellow accountants. PASBA feature Uncategorized accounting accounting clients accounting firm business owners cash flow small business small business accounting

Three Ways Your Firm Can Offer More Value to Your Accounting Clients

PASBA

The competition for accounting clients can be as intense as in any other industry. That’s why it makes sense to pay attention to client services and frequently expand or improve what your firm offers. Talk to your clients and others in the industry to find out what they really expect of their accountant and what would make them most likely to leave for a competitor or stay with your firm indefinitely.

Automate These Accounting Tasks for Greater Efficiency

PASBA

Although other segments of the business world have mostly embraced automation, accountants have been slow to do the same. However, automation can benefit most accountants if they think of it in terms of freeing up their time and their mind to provide clients with clearer guidance and professional analysis. Below are brief descriptions of how accounting firms can benefit when choosing to automate accounting tasks.

3 Ways to Engage your Employees and Improve Company Culture

PASBA

Could your accounting firm or your clients use additional guidance about company culture and employee engagement? Join the Professional Accounting Small Business Association today to benefit from the experience of your fellow members. Although they certainly care about benefits and pay, people are increasingly concerned about whether they’re joining a company with healthy or unhealthy company culture. Do coworkers help or sabotage each other?

MYOB Acquires Half Of SMB Accounting Firm Reckon

PYMNTS

Reckon , an Australia-based small business (SMB) accounting company, has reportedly sold off key assets to industry peer MYOB. 16), Reckon Chief Executive Clive Rabie described the company’s sale of its accounting practice software unit to MYOB as losing the “jewel in the crown” of the company. The takeover would see MYOB acquiring Reckon’s Accounting Practice Software unit as well as Reckon Elite and Reckon Docs.

INSIDE Public Accounting Names KSM a “Best of the Best" Accounting Firm

Katz,Sapper&Miller

Katz, Sapper & Miller has been identified by INSIDE Public Accounting (IPA) as one of the top 50 accounting firms (over $5 million in revenue) in the country. This is the 15th year that KSM has received this honor

Restaurant Site Audit – Post-COVID Operations

KROST

Whether it’s personnel, technology, operational policies, or accounting practices, these reactionary decisions can and will have a ripple effect throughout every aspect of your business. In 2020, the Restaurant Industry was projected to do $899 billion in sales.

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Restaurants Care Resilience Fund

KROST

COVID-19 Feature Jean Hagan News Restaurant News California Restaurant Association Restaurant Accountant Restaurant Accounting Firm Restaurant Consultant Restaurant CPA Firm Restaurants Care Restaurants Care Resilience Fund

Restaurant Revitalization Fund (RRF) Grant Help – Sign the Petition Now

KROST

Please feel free to reach out to KROST Restaurant Accountants & Consultants for assistance. Congress passed a $28 billion recovery fund, estimated to be enough to fund roughly 100,000 grants for the restaurant industry.

Register for Upcoming Webinar with the CRA: PPP Second Draw Program – Rules for Eligibility and Forgiveness

KROST

Join our restaurant accounting and consulting experts on Thursday, January 14th at 10AM PT as they provide an in-depth look at the Paycheck Protection Program Second Round and what that means for restaurant owners and operators.