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The Virtual CPA Success Show: Episode 79 After a career as an agency owner, Steve Guberman, knows all too well the challenges that digital agency owners face. After selling his agency, Steve founded Agency Outsight , becoming a coach for agency owners who need help navigating the agency landscape and growing their business to that next level. In this episode, Steve chats with Jamie Nau and Jody Grunden about today’s challenges in the industry and why it’s important to have a coach to walk the jo
With the IRS laser-focused on enforcement, many partnerships will find themselves subject to their first IRS audits under the new procedurally complex partnership audit rules. Under these rules, the default is that the partnership pays an entity-level tax called an “imputed underpayment” (IU) on any adjustments. This means, unless certain steps are taken, the current partners would bear the tax even if they weren’t partners for the year under audit.
Important SaaS KPIs like ARR and LTV:CAC often won’t get you far with debt-based lenders. The post Critical Metrics for SaaS Startups Pursuing a Loan appeared first on Burkland.
By Saum Mathur. Accurate financial forecasts create predictability in business and help inform more agile decision making. Incorporating AI into financial forecasting can help provide stability and adaptability to a company during uncertain times. With current unstable market dynamics and inflation on the rise, businesses must become proactive to deliver strong financial performance.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Important SaaS KPIs like ARR and LTV:CAC often won’t get you far with debt-based lenders. The post Pursuing a Loan for Your SaaS Startup? Know Your Cash & Recognized Revenue appeared first on Burkland.
Blockworks has written about activity on LinkedIn and Google Jobs suggesting “that Deloitte is on the prowl for crypto natives to join its ranks.” A LinkedIn search shows 331 crypto-y roles at Deloitte, almost all of them posted last week. Blockworks’ job hunter says the other Big 4 — you know who they are — show zero. How can that be, with EY’s affection for blockchain?
By Tim Sanders, Quartz (TNS) Although layoffs have been common in the business world for decades, there’s been a vicious cycle in recent years. Companies that have seen unprecedented growth and success during COVID have led a culture of overhiring and overspending, rapidly expanding their workforce and taking on increasingly ambitious projects. As these companies face economic uncertainties and changing market conditions, they resort to layoffs as part of a cost-cutting exercise.
By Tim Sanders, Quartz (TNS) Although layoffs have been common in the business world for decades, there’s been a vicious cycle in recent years. Companies that have seen unprecedented growth and success during COVID have led a culture of overhiring and overspending, rapidly expanding their workforce and taking on increasingly ambitious projects. As these companies face economic uncertainties and changing market conditions, they resort to layoffs as part of a cost-cutting exercise.
The driving force for many small business owners when choosing to start their own businesses is to improve their lifestyle, but how does small business owner wellbeing actually fare? That’s what we set out to find out in our new report released today: The global state of small business owner wellbeing. Wellbeing gets a lot of attention, with no shortage of articles and reports telling us how we should be better balancing our lives.
8 min read Civil engineering or mechanical engineering – no matter the type of engineers you hire or the kind of engineering services you offer, all engineering firms have one thing in common.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
By Ane Ohm. Technology – and how we access it – changes rapidly. In just a few years it has become common to license software instead of purchasing installed software that will quickly become outdated. To ensure that financial reporting is accurate and transparent, accounting needs to keep up. Increased governmental use of licensed software This is just as true for governmental entities as private businesses.
Are you ready for an age-old cliché? Well, here it is: Time is money. For accountants this is especially true. In fact, the average accountant charges $37 USD per hour. But are all of an accountant’s potentially billable hours spent wisely? According to Intuit Quickbook’s Firm of the Future , accountants spend up to 1.5 hours daily on activities they shouldn’t be doing.
By Clint Rainey, Fast Company (TNS) It’s easy to wonder if the recent, and in fact very much ongoing, waves of layoffs in tech and finance could be putting knots in these high-paying industries’ hiring pipelines. But not only does data show the number of job openings is up (here’s a report from earlier this month showing more than 315,000 open tech positions), but these industries are still offering the best-paying internships to students, according to new data from the career site Glassdoor.
Navigating the world of taxes can be overwhelming for small businesses, especially when it comes to understanding which forms to file and the implications of making certain elections. One such tax form, IRS Form 2553, can significantly impact a company’s tax strategy, potentially saving them from double taxation. In this article, we delve into the details of Form 2553, exploring its purpose, eligibility requirements, instructions for filing, and how it can benefit your business.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
The DOL has made some changes to the financial statement audit requirement for retirement plans. Beginning for the calendar year 2023, your reporting requirements for your 401(k) plan participant count will be based upon the number of participants who have account balances in the 401(k) plan and NOT just on “eligible” employees. Why the Changes. The post New 401k Plan Audit Rules for 2023 appeared first on LSL CPAs.
Introducing Brad Burton, he is a motivational speaker – but was a shrewd businessman first. He’s been there, done it, got the t-shirt and his track record speaks for itself. He’s the highest-rated motivational business author on Amazon. A world class Motivational Business speaker. The author of 4 best-selling books. Spend a couple of minutes getting to know him before his session at Accountex… What’s the most rewarding aspect of your job?
In an earlier article, Murph described the problem with time-tracking for time-tracking apps for QuickBooks Desktop if you're not interested in payroll. Now he tells us how he solved his problem.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
What's new: We’re thrilled to announce our first iteration of an integration with Chat GPT. Users can draft new emails or emails as a part of a thread using the generative AI. Information from the thread, names on the contact, and other relevant information can be used or referenced as part of drafting the email (i.e. filling in "Hi Brad" for the introduction based on the email and contact information).
Whitley Penn has announced that it has acquired Cogenics Consulting. Effective June 1, 2023, Congenics will join Whitley Penn’s Client Accounting & Advisory Services. Cogenics Consulting is a provider of technology consulting around data analytics & transformation solutions. By implementing a unique mix of software solutions for the office of the CFO, Cogenics uncovers a new perspective on financial forecasting, analysis, and strategic planning.
The DOL has made some changes to the financial statement audit requirement when retirement plans have over 100 eligible participants. Beginning for the calendar year 2023, your reporting requirements for your 401(k) plan participant count will be based upon the number of participants who have account balances in the 401(k) plan and NOT just on. The post New 401k Plan Rules for 2023 appeared first on LSL CPAs.
Public Company Accounting Oversight Board (PCAOB) inspectors outlined their priorities for 2023 inspections in a new PCAOB staff report released on April 17. The report outlines plans to increase the focus on fraud-related audit procedures, continue prioritizing risks related to material digital assets, and continue selecting audits in the financial services sector for inspection, among other priorities.
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.
When compared to traditional small businesses, early-stage technology startups have nuances that they need to consider when putting together their financial statements and chart of accounts. Often, I find that entrepreneurs have used a financial model to assist them in their fundraising efforts. While helpful there, this model often differs wildly from their actual financial operations.
A new PCAOB staff report sheds light on an area where PCAOB inspectors have observed relatively high rates of audit deficiencies: special-purpose acquisition companies (SPACs). From 2020 to 2021, U.S. markets experienced an unprecedented surge in the number of initial public offerings (IPOs) by SPACs. SPACs typically have no commercial operations and are public companies formed solely to raise capital to merge with or acquire a private company, effectively taking it public.
Over the past few months, ChatGPT has been the focal point of many discussions and continues to polarise opinions, with companies and governments banning its use and Spain raising concerns with the EU data protection watchdog over privacy. AI is already here Artificial intelligence (AI) is transforming many industries, and accounting is no exception.
FORVIS has expanded its nonprofit advisory services practice to the Arizona market with the addition of Pete Finley. Finley has more than 25 years of experience in tax, audit, and nonprofit executive leadership. Prior to joining the firm, Finley worked as chief operating officer for Make-A-Wish International, supporting affiliates in over 50 countries, and held chief financial officer roles for Childhelp and the Association for Child Development.
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.
Forbes called him a ‘A Game Changer’. He is the creator and author of Celebrity Service & Celebrity Service Superstars. Like you, Geoff Ramm knows that great customer service leads to lucrative, repeat business but a greater experience leads to global recognition. We spent some time getting to know Geoff ahead of his session at Accountex… How did you get into the profession?
Quadient has launched a new Advanced Cash Application module for Quadient’s Intelligent Communication Automation SaaS platform, to offer mid-market and enterprise customers a complete end-to-end Accounts Receivable (AR) automation solution. Cash application is a crucial component of the invoice-to-cash process, and the recent shift to digital payments has added complexity for businesses of all sizes.
Do you love your work? I have observed that most CPAs and people who work in CPA firms love their work. See if this quote from Tim Cook, Apple CEO, applies to you: “If you do what you love, you’ll never work a day in your life. I learned that’s a total crock. You’ll work harder than you ever thought possible, but the tools will feel light in your hands.” – Tim Cook I loved my work when I was in a CPA firm, and I love my work now as a CPA firm management consul
The Pennsylvania Institute of Certified Public Accountants , the largest CPA association in Pennsylvania with over 20,000 members, has issued its latest Insights report. The State of Pennsylvania Accounting Firms in 2023 is a comprehensive white paper conveying critical insights for practitioners while highlighting the challenges and opportunities facing Pennsylvania accounting firms and the industry more broadly.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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