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Do you ever compare yourself unfavourably with your competition? ‘Imposter syndrome’ is very common, but sometimes simple logic can help us to look at things differently. US President Theodore Roosevelt is generally considered the originator of the quote that “Comparison is the thief of joy.”. This is a powerful sentiment that, when applied carefully, can be life-changing.
How big were online sales on Monday, Nov. 28? Defying expectations of an off year, Cyber Monday broke online sales records, with U.S. consumers spending about $11.3 billion, up 5.8% year-over-year, to score the biggest online shopping day of all time. Inflation played little part in the numbers, analysts said. In the peak hour between 8 and 9 p.m. Pacific, consumers spent $12.8 million every minute.
Insightful Accountant is proud to announce the nomination opening for the 2023 ‘Top 100 ProAdvisors’, the ‘ProAdvisor Categorical Awards’ and the ‘ProAdvisor of the Year.
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.
Well, well, well, KPMG had a 14% increase in global revenue in its 2022 fiscal year that ended Sept. 30 —the second largest year-over-year increase in revenue among the Big 4 firms behind Deloitte’s 18.1%. And of course there ’s a press release : KPMG International announces strong annual aggregated revenues for KPMG firms globally of US$35 billion for the fiscal year ending 30 September 2022 (FY22) — an increase of 14%.
After a turbulent few years for the world, this end of year period is shaping up to be a time of relative normality and a great chance to unwind, rest and have the time to connect with friends and family. This time of year means different things to different people all around the world. However you like to spend it, remember to look after yourselves, be kind to the people around you, and get ready to take on 2023 with a renewed spirit.
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.
The Situation. Sunstar Insurance Group knew they needed expert IT support. Their IT processes and training setup could no longer handle higher-level support calls, nor efficiently manage their account licenses. In short, they had outgrown their current managed service provider and uncovered gaps in their staff’s physical bandwidth that were negatively impacting employees, clients, and their standard of service.
7 min read. Depending on your leadership style as CEO in addition to your brand, industry, and company culture, your business might be an early adopter of new technologies, constantly pushing forward at the forefront of new developments, capabilities, and technologies. Key Takeaways. 12 Tech Trends to Watch for in 2023: Leaps and bounds are being made in quantum computing research centers around the world.
The Fall of Wirecard, a Tech Scandal That Rocked Germany, Reaches a Courtroom [ New York Times ]. The fraud trial of former Wirecard CEO Markus Braun began in Munich on Dec. 8. Braun and two other former executives face charges of defrauding creditors of $3.7 billion, through false accounting from 2015 until Wirecard collapsed in June 2020. The electric payments company rocketed to fame in the 2010s, rising to become the country’s most valuable financial firm.
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.
Much was made (and continues to be made) of the 2020 and 2021 Great LIFO Recapture. As dealerships struggled to fill customer orders and lots were empty, alarm bells were ringing everywhere about the phantom income related to LIFO recapture. The presented argument was that this recapture came at a time when dealerships had the actual cash profits to foot the tax bill associated with LIFO and a good amount of recapture during a time when tax rates were lower than they had been for decades.
The R&D tax credit, formally known as the Credit for Increasing Research Activities, represents a significant opportunity for innovative businesses to reduce their federal tax liability. According to the Organization for Economic Co-operation and Development, more than 25,000 businesses across the country receive some tax relief from this program every year.
While every firm knows the most effective ways to stay in step with the day to day accounting work, here are a few tips for getting it ahead of the curve.
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.
Another day, another scathing speech from PCAOB Chair Erica Williams. Today it’s from prepared remarks given at the AICPA & CIMA Conference on Current SEC and PCAOB Developments on Monday. First, let’s talk about why she’s mad. On December 8, the PCAOB issued a concerning staff Spotlight report about an increase in the percentage of engagements reviewed with at least one “comment form,” comment forms being where inspectors tell audit firms a potential deficiency has b
Revenue leakage is a buzzword that’s mentioned frequently in the SaaS world. Imagine there is a slow leak in your home’s plumbing system. When it first starts, it doesn’t usually cause damage visible to the naked eye. In fact, you may not even know it exists. Then one day, the ceiling collapses and your living room is full of water and debris. Now picture the same sort of thing is happening in your business, except it’s your hard-earned revenue that’s slowly leaking out of the company.
The study finds taxpayers’ appetite for tax advisory, rigorous data security and audit protection among the top expectations when working with tax professionals
For the 5th year in a row, DMCL put together a team to participate in Movember 2022 —a global movement to change men’s health. With the simple act of growing some facial hair and starting conversations, participants in Movember raise funds and awareness of the major health issues that men around the world face every day: mental health and suicide, prostate cancer and testicular cancer.
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 just finished reading Portrait of an Unknown Woman by Daniel Silva. The novel features Israeli spy and art restorer Gabriel Allon, finally in retirement, who gets involved with the sale of old master forgeries. The plot is typically unwieldy and confused: Allon uses almost superpowers and his endless network of connections to find the forger and the distributor to derail the operation.
By May 2023, the Department of Defense (DOD) plans to increase Cybersecurity Maturity Model Certification (CMMC) compliance as a prerequisite for contractors to qualify to bid (and ultimately receive contract funds). Manufacturers, contractors, and suppliers who are members of (and/or affiliated with) the U.S. Defense Industrial Base (DIB) must prepare now to ensure assessment readiness.
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.
Investors can help your business get off the ground. But, finding investors is easier said than done. One reason is that there’s a lot of competition out there. In 2021 alone, there were 5.4 million new business applications in the U.S. Cutting through the competition may seem daunting. But with the right investment proposal, you […] READ MORE.
Living in times of seemingly inexorable advances of new technologies has its obvious benefits. Customers can choose from a variety of products and services to fully satisfy their needs and demands. Moreover, this choice for clients ignites competition among producers, merchants and providers, which makes the final product better and more affordable.
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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