Mon.May 30, 2022

article thumbnail

How to Qualify for – and Keep – Cyber Insurance Coverage

RogerRossmeisl

These days, it’s common for businesses to purchase cyber insurance to help mitigate financial losses from network breaches. According to the U.S. Government Accountability Office, the proportion of businesses adding cyber coverage increased from 26% in 2016 to 47% in 2020. But in the event of a loss, processing such claims can be expensive, and insurers are becoming more selective about the companies they agree to insure and for how much.

CPA 238
article thumbnail

Meet five apps creating new ways to do business in 2022

Xero

Cloud-based apps and tools, like those in the Xero App Store or wider Xero Ecosystem, have given small businesses the ability to use a combination of apps to build their own bespoke business engine. And according to the numbers, the more apps the merrier. Our research has shown that organisations who use five or more apps have seen sales growth of 4.3% , while those who don’t use any at all have experienced a 3.4% decline (year to December 2020).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Taking a Red Pen to Financials for Valuation Purposes

RogerRossmeisl

Financial statements are an important source of data for valuing a business. But they tell only part of the story. An accurate business valuation hinges on a comprehensive understanding of the subject company’s relative performance and its future earnings power. To help clarify matters, experts often make various adjustments to the financials. Here are some examples.

article thumbnail

Young People Want to Return to the Office Says Old Guy Who’s Never Spoken to a Young Person

Going Concern

EY Global Chairman and CEO Carmine Di Sibio is out here making some wild claims, namely that EY’s 20-somethings are eager to get back to the office. From CNBC : In the tug of war between returning to the office and working from home, Ernst & Young (EY) CEO and Global Chairman Carmine Di Sibio falls on the side of offices, and he believes younger workers are with him.

article thumbnail

How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

article thumbnail

Autonomous Ride-Hailing Will Displace Industry Incumbents

RogerRossmeisl

As posted to the ARK Invest YouTube Channel on 5/19/22 (Run Time: 16 min, 20 sec) ARK Invest believes that autonomous ride-hailing will reduce the cost of mobility to one-eighth the average cost of ride-hail today, spurring widespread adoption and unleashing unprecedented economic productivity. ARK believes that this could be “one of the most meaningful economic productivity delivering innovations of all time” and the GDP contribution from autonomous ride-hail systems could total ar

CPA 225
article thumbnail

XSBI data indicates early impact of rising cost of living

Xero

Xero Small Business Insights (XSBI) data for April 2022 shows signs of emerging risks to small businesses in the UK, Australia and New Zealand. The rising cost of living pressures, inflation, ongoing supply chain issues and tight labour markets are some of the key factors contributing to small business performance. The Xero Small Business Index is a unique indicator that uses timely data to show how small businesses are performing overall each month.

More Trending

article thumbnail

Why every small business needs a plan

Basis 365

There will be many ups and downs and lots of surprises when building a business. The old-fashioned business plan is the best tool to help you navigate ups and downs and make adjustments. A business plan is a logical, actualized breakdown of your company's future. This document describes what you intend to do and how. Many entrepreneurs use it to present their vision to potential investors.

Sports 52
article thumbnail

Deal Alert: Menzies assists on the sale of Geotek

Menzies

Menzies LLP - A leading chartered accountancy firm. Our Corporate Finance Team recently assisted BCMS on advising the shareholders of Geotek on the sale of the business to Judges Scientific plc, for a total consideration up to a maximum of £80 million, plus excess cash. Based in Daventry, UK, and formed in 1989, Geotek specialises in designing and manufacturing high-resolution, non-destructive analysis of geological cores.

Sales 52
article thumbnail

Kepczyk: AI’s effectiveness will depend on what we teach it

Accounting Today

article thumbnail

The UK’s energy crisis set to continue

Menzies

Menzies LLP - A leading chartered accountancy firm. The UK’s energy market has been plunged into chaos following soaring energy prices which has caused several energy companies to collapse, with fears that there are more to come. In the last year, more than 20 energy companies have fallen victim to the unprecedented increases to the price of wholesale gas.

article thumbnail

Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

article thumbnail

Art of Accounting: Scarcity of Black accountants

Accounting Today

Account 112
article thumbnail

Cloud & Information Tech Sponsors at Scaling New Heights 2022 (Part 2)

Intuitive Accountant

Murph continues his look at cloud and IT sponsors at this year's conference with a peek at some IT specialists.

52
article thumbnail

What the wealthy can fear from a new IRS rule on $600 payments

Accounting Today

article thumbnail

Living—and Thriving—in a Digital World

Intuitive Accountant

How fintech is helping propel Latino small businesses and side hustles through education and support.

article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

article thumbnail

The Frontier: For efficiency to live, email must die

Accounting Today

article thumbnail

A Property Manager's New Best Friend

Intuitive Accountant

Sage Intacct Real Estate delivers a modern and flexible approach to property management finance.

article thumbnail

What Is a Virtual CFO (and Why Are Businesses Hiring Them)?

inDinero Tax Tips

Credit: Morgan Housel More entrepanuers and business owners, amid an inflated economy and tight labor market , are searching for things like what are virtual CFO services, why hire a virtual CFO, and a timeless favorite, why you need a virtual CFO, so clear and concise answers to those questions become even more important. As a financial services company focused on taking the sting out of all things finance for business owners, we aim to provide just that.

article thumbnail

Thinking About Converting Your Home Into a Rental Property?

RogerRossmeisl

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of the financial risks and rewards. However, you also should know that renting out your home carries potential tax benefits and pitfalls. You’re generally treated as a regular real estate landlord once you begin renting your home.

article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

What Is a Virtual CFO (and Why Are Businesses Hiring Them)?

inDinero Tax Tips

Credit: Morgan Housel. More entrepanuers and business owners, amid an inflated economy and tight labor market , are searching for things like what are virtual CFO services, why hire a virtual CFO, and a timeless favorite, why you need a virtual CFO, so clear and concise answers to those questions become even more important. As a financial services company focused on taking the sting out of all things finance for business owners, we aim to provide just that.

article thumbnail

You May Have a Basis for Reducing the Tax Bite

RogerRossmeisl

(This is Blog Post #1207). The post You May Have a Basis for Reducing the Tax Bite appeared first on Roger Rossmeisl, CPA.

Tax 242
article thumbnail

What Attorneys Should Know About Fraud

FraudFiles

Most attorneys don’t think about the issue of fraud in companies until a client (or their law firm) is hit by employee theft. It’s simply not one of those issues that is taken too seriously unless huge risks are identified or a crime has already been committed. Until then, fraud is just another “issue” that probably isn’t as pressing as other legal and operation matters.

Legal 52