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Although many e-commerce businesses will hire an accountant to help them with tasks such as tax filings, having efficient accounting for Shopify software can make a big difference to your finances! Functions such as expense tracking in Shopify automate most of the daily bookkeeping duties, like: Producing real-time P&L reports Compiling every sales channel in one place Managing your inventory from a single dashboard.
This press release from the SEC is wayyyy too boring to be rewritten in an interesting way on a sunny Friday afternoon so have some copy paste instead: The Securities and Exchange Commission today charged audit firm CohnReznick LLP with improper professional conduct on engagements for two clients in 2017. The two clients, Sequential Brands Group, Inc. and Longfin Corp., previously were charged by the SEC for filing fraudulent financial statements prior to their bankruptcies and Nasdaq delisting.
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.
Guys (and gals) I don’t know how many times we have to say this but please, please don’t bang people you work with. There are like three billion men or women in the world for you to pick from (6 billion if you’re bisexual heck yeah *high five* ); more precisely there are 2.3 billion adults between the ages of 20 and 39 across the globe , add another 1.8 billion to that if you’re into cougars (in which case hey, call me) and that gives you 4.1 billion/2 people to potential
If you’ve driven at all in the last few months, you’ve probably noticed the unusually high gas prices across the country. According to AAA , the national average is nearing $5 per gallon. In light of this, the IRS has announced a rare mid-year increase to the standard mileage rates for the remainder of 2022.
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If you’ve driven at all in the last few months, you’ve probably noticed the unusually high gas prices across the country. According to AAA , the national average is nearing $5 per gallon. In light of this, the IRS has announced a rare mid-year increase to the standard mileage rates for the remainder of 2022.
7 min read. Are you afraid your prices are losing your market share? Afraid your competitors are offering the same services at lower prices? Afraid you could be pricing yourself out of potential sales? Afraid your services aren't worth what you're asking?
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.
When you're a construction business owner, your to-do list is often long and constantly growing longer. You need to do many things, and it can feel like they're all urgent. In such cases, it's easy to push essential tasks to the side and focus on less-vital activities, but that often means you miss deadlines, make mistakes or always feel as though you're trying to catch up.
Even if you have never assisted a client with the sale of a business, as a tax planner you have the potential to provide tremendous value in the planning process. Many business owners may also be navigating a sale for the first time and likely have little insight into the tax implications and how to set themselves up for savings. By training as a Certified Tax Planner , you can benefit S corporation owners looking to sell by helping them understand the nature of an asset sale and helping them al
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.
Over the last two years, the importance of optimizing efficiency and productivity in the Hybrid Workplace has become an accelerated priority. Technical innovations in automation can help streamline our work, thus saving time, reducing costs and building business resiliency. In the following insight, we discuss how to make hybrid work between people, places and processes simpler and deep dive into some tools that have become integral to improving business efficiency.
According to the Anatomy of Work Index , 71% of knowledge workers experienced burnout at least once in 2020. Most of us have at some point in our lives experienced burnout and that definitely zaps the energy out of our career, friendships, and family interactions. Identifying burnout and avoiding it – though tough for engineering leaders – was easier to manage when teams met together daily.
At Lockstep, we believe that engineers with a product-mindset are a key ingredient to building a successful product. As we embarked on our journey to create a new category of products on Lockstep’s connected accounting network , we learned that providing value to customers is more than a task to complete, but is a mindset that’s required across the organisation from the top-down.
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.
In the past advertising for small business owners mostly involved creating an ad for print, television or radio (a catchy jingle is always a good way to go), cold calling (rarely a pleasant experience), sending out flyers or being at a conference. The problem with these types of advertising is that it is difficult to gage the direct impact of their effectiveness.
Hiring is a significant challenge for businesses that are just starting and looking to grow. In addition, it can be difficult to bring someone on board if you have been working as a small team. What are the best ways to pay them? How about taxes? Although adding another member to your team (or more) will increase the amount you have to do behind the scenes, there is no reason to feel intimidated.
Business owners looking to sell their S corporation may start to get tangled up in all the details, especially if they are a first-time seller. This can lead to overlooking one key part of the sales process: tax planning. The decisions you make in structuring the sale will have a direct effect on later tax implications and how much of a profit you actually end up making.
“ It is literally true that you can succeed best and quickest by helping others to succeed.” – Napolean Hill. Friday again. Wow, this week has flown by! Mostly because I have been on vacation at Hilton Head Island. So, here’s a Friday Flashback post for you to ponder. Be sure you know the backstory!
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.
SEC Acting Chief Accountant Cautions Against “Checklist Compliance” Approach to Auditor Independence [ JD Supra ] SEC Acting Chief Accountant Paul Munter re-emphasized the SEC’s focus on auditor independence in his June 8 statement on “The Critical Importance of the General Standard of Auditor Independence and an Ethical Culture for the Accounting Profession.
Menzies LLP - A leading chartered accountancy firm. Last month, the Monetary Policy Committee voted to increase the Bank of England Base Rate (BBR) from 0.75% to 1%. This is the highest that the BBR has been in 13 years, but still at a record low level when looking at the BBR’s history. Inflation is now thought to be running at approximately 7%, predicted to increase to 10% by the end of the year (not seen since 1982).
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