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In addition to helping startups manage short-term cash and extend runway, FP&A provides the data for a strong future game plan. The post Pre-Revenue Startups Are Looking to FP&A to Manage & Preserve Cash appeared first on Burkland.
Losing an important member of your finance team can leave a big hole in many business processes, especially if most of your accounting functions are managed in-house. But what happens when you lose the person managing your sales tax obligations? For most businesses in this scenario – there are three options: Re-hire for the position Distribute tasks among other members of the team Outsource In this blog, we’ll look at the potential to distribute tasks to current team members.
In recent years, US firms have shifted heavily into offshoring and it seems it never crossed anyone’s mind that offshore talent might be a finite resource. So far it seems dwindling accounting graduate numbers in the Philippines are mostly affecting in-country businesses and firms, still something worth keeping an eye on. This is from CNN Philippines in March : The country is facing a shortage of accountants as college enrollment for this field of study dropped while those licensed chose t
You may have heard that job openings in the United States dropped significantly in February, falling below 10 million for the first time since May 2021. But if you study the Bureau of Labor Statistics (BLS) data a little more closely, you’ll find that quits also edged up slightly that same month to 4 million. Further examination of BLS data shows monthly quit rates have been on a downward trend generally over the past 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.
Murph travels back to a series he wrote on measuring manufacturing performance by providing a list of manufacturing KPIs and the related links to the articles with definitions and uses.
The AICPA & CIMA have released a new online learning platform to help accounting and finance professionals improve and update their skills to take advantage of a digital accelerating business environment. According to a 2021 World Economic Forum report , more than half of all employees worldwide will need to reskill or upskill by 2025. To address this need, the new system boasts single-platform availability, enhanced navigation and other tools that foster emerging technology–driven skills
Intuit QuickBooks has enabled global free access to QuickBooks Online Accountant (QBOA), allowing accounting professionals in 170 countries “to move to the cloud faster, scale their practices and bring more value to their clients and the wider economy.” Accounting professionals make a huge contribution to the economy at a local, regional and global level, working as trusted business partners to the SMB community, which represents 90% of businesses and accounts for 70% of employment globally.
Xero wouldn’t be where it is today without the support of our partner community, and that includes our Xero Partner Advisory Council (XPAC). That’s why we’re thrilled to announce our latest XPAC cohort for Australia. The XPAC team is a group of experts connecting Xero to the community and industry alike. They both challenge and champion the needs of the accounting and bookkeeping sector by engaging in open discussion, sharing industry insights, and providing actionable feedback.
Well, there we have it folks – the 2023-24 federal budget has now been dropped by the Labor government. We reached out to over 290 SMBs last week to unearth what they wanted to see included in the budget and deduce how they were feeling about a range of important issues. So, what came to pass? Are there meaningful measures in the budget to assist the prosperity of the SMB community?
We are thrilled to share that AccountingDepartment.com has been selected for inclusion in the Inc. Best Workplaces list, for the second year in a row. This 2023 recognition is a true testament to our accomplishments around the workplace we have created. We are grateful for the privilege of being acknowledged as an Inc. Best Workplace for back-to-back years and we extend our appreciation to our entire staff, who make it such a wonderful place to be every day.
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.
At Canopy, we understand how critical it is to have access to trusted and reliable partners who can help you achieve your goals. To assist you in finding the missing piece to your puzzle, Canopy is excited to announce Canopy Partner Connect — our service provider partner program, which aims to provide our customers with even more value and support by partnering with top service providers in the industry.
When a person passes away, the deceased’s assets are subject to federal estate tax if the total value of their estate exceeds a certain threshold. The lifetime exclusion, also known as the estate tax exemption, is a tax provision that allows individuals to pass on a definite amount of wealth to their heirs without being Read the full article. The post Take Advantage of Lifetime Exclusion While You Can appeared first on KROST.
Twenty-three awards for marketing achievement were presented to accounting marketers on May 8 at the Association for Accounting Marketing’s (AAM) annual Summit. AAM’s Marketing Achievement Awards feature awards in multiple categories, including advertising, branding, business development initiative, collateral and content marketing, events, marketing and PR campaigns, video and multimedia, website, corporate social responsibility and diversity, equity and inclusion.
The following is abstracted from a speech by Ben Heinemann, CEO of BP Print Group, Lakewood, NJ. “Someone once told me a line I’ll never forget. ‘Failure is not failing. It’s just another step in growing.’ The first time I heard Ed Mendlowitz, who currently authors our Biz Wiz column, speak, I was at an event. The person introducing him talked about ten things that Mr.
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.
Small businesses will continue to face challenges accessing fresh capital, boosting profits, managing payroll costs, weathering supply chain difficulties, and hiring new employees over the next year as economic turmoil persists in the U.S., accountants predicted in a new survey. The survey of 536 accountants who represent 100,000 or so small businesses was conducted during tax season in March and April by tax compliance automation provider Avalara in partnership with accounting news and analysis
For months, the looming recession has been on everyone’s mind. In October 2022, 91% of CEOs said one would occur within the year. And in December 2022, Forbes found that large tech companies, banks, and manufacturers had laid off nearly 125,000 employees to prepare.
By Reade Pickert, Bloomberg News (TNS) Over a year of rapid wage growth has U.S. companies turning to enhanced benefits to attract and retain workers. Mentions of employee benefits in job postings on ZipRecruiter soared to the highest rates on record, according to an analysis by the jobs site. A greater share of positions offered benefits like health insurance, paid time off, and paid parental leave than in prior years.
State tax is often an afterthought when keeping up with the daily demands of running a business. A sharp rise in remote work locations has pushed states to focus more on identifying non-filers, and vague state guidance often leaves taxpayers unsure of how to allocate their revenue across various states. Most states have now enacted some form of a Pass-Through Entity Tax (PTET) election, which can result in significant federal tax savings in the right situations.
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.
As a law firm your primary goal is focusing on your clients and cases. As a business you still need to be sure your financial statements are in order, bills are being paid, invoices are being collected, and your firm is in compliance with accounting principles and regulations. And, you want your firm moving in. The post How Outsourced Accounting Can Save Law Firms Time and Money appeared first on LSL CPAs.
This one is fresh off the newswire. Deloitte announced its Chief Tax Officer Program is bringing on Paul Stephens, a 25 year veteran of AT&T, to serve as independent senior advisor. His job will be to advise Deloitte Tax staff and senior leadership “while also helping CTOs and their finance organizations create value for their enterprises and communities.” Although the press release you will find right after this sentence does not mention the firm by name, it seems Stephens start
For months, the looming recession has been on everyone’s mind. In October 2022, 91% of CEOs said one would occur within the year. And in December 2022, Forbes found that large tech companies, banks, and manufacturers had laid off nearly 125,000 employees to prepare.
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.
By Molly Crane-Newman and Brian Niemietz, New York Daily News (TNS) Cryptocurrency entrepreneur Sam Bankman-Fried is asking for criminal charges against him to be dropped. The FTX founder alleges prosecutors in his upcoming trial made federal crimes out of what should be civil and regulatory complaints. A filing from his legal team, which came late Monday, argues 10 charges in Bankman-Fried’s 13-count indictment should be dismissed.
Learn how Withum helped a U.S. Industrial Distributor strengthen its resilience and preparedness for disruptive events, minimizing the impacts on its operations and improving business continuity. Download a PDF of this case study. Executive Summary A large national equipment and supplies distributor looked to Withum to improve their business continuity planning to sustain operations during a disruption.
The 2023 State of the Tax Professionals Report sheds light on the current state of the tax industry and how firms are adjusting to meet the demands of an ever-evolving profession. From leveraging artificial intelligence and machine learning to streamlining tax preparation processes, the report explores the innovative approaches that firms are taking to remain competitive in today’s dynamic tax industry.
In today’s environment, the use of cryptocurrency is becoming a growing topic among nonprofit organizations striving to reach fundraising goals. Before accepting any digital assets as donations, it’s important for your organization to understand the policies and best practices needed as it relates to holding cryptocurrencies in your gift program. In this video, we review cryptocurrency basics, examine the risks and rewards of holding cryptocurrencies and discuss the proper accounting under U.S.
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Small businesses have been hit hard by the recent economic downturns but have shown resilience and adaptability. With the pandemic, companies that failed to pivot quickly or implement effective strategies faced closure. However, others weathered the storm by embracing change and innovation. Here are five proven strategies to help your small business thrive in an unpredictable economy. 1.
Illinois Governor J.B. Pritzker announced plans to waive licensing fees for frontline health care workers during fiscal years 2023 and 2024. While it’s welcome news that renewals and new applications will come at no cost for Physicians, Registered Nurses and more, health care facilities responsible for managing those renewals can find themselves overburdened.
Nearly two-thirds of mid-market CEOs are concerned about the stability of their company’s bank – but not enough to change institutions, according to the latest Marcum LLP-Hofstra University CEO survey. The survey, coming less than a month after the failure or federal rescue of three regional banks, reveals executives’ uncertainty about the implications of the bank collapses and how to respond.
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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