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Burkland’s Fintech Practice Leads Steven Lord and Smit Shukla share eight accounting gaps and issues to watch out for in the early days of scaling a startup. Startups are inherently Read More. The post Growing Pains: The Top 8 Accounting Issues We See at Startups appeared first on Burkland.
As an accounting firm owner, you should know that one of your main selling points is providing peace of mind to your clients. But how do you make this more tangible for them? In this podcast episode, I’ll give you some tips on how to easily sell “peace of mind” to your clients. Listen Below. 0:59 – Clients say that peace of mind is what they’re looking for from their accounting or bookkeeping firm. 1:39 – I want to show you how you can gain an advantage over y
Hiring your first accountant, whether it be internal or external, for your business is a big step in terms of growth. It provides some further assurance that your company's finances will be kept in check. However, the first accountant or the current accountant that you work with might not be the best accountant or even the best option for your business.
Your company could be stacked with all kinds of human talent. A whole office building of ambitious, albeit nerdy, accountants with Ivy League universities listed on their resumes.
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.
6 min read. Making the decision to enlist an outside company to handle any portion of your business is a big choice and one that should not be taken lightly. With the right outsourced professionals, your business stands to improve leaps and bounds. Selecting the wrong outsourced service provider, however, can cause irreversible damage to your company with inefficient and unorganized systems, poor communication, lowered standards, and unhappy customers.
KPMG has some sponsored content in Harvard Business Review about how to keep employees from defecting (defecting? Really? It’s a job, not the Sandinistas) and in it, the firm offers some suggestions to encourage employee loyalty. Suggestions that they themselves would be wise to implement should KPMG want to hang on to their own people (there may or may not be a mass exodus underway at KPMG , according to Going Concern archives this has been going on at least since we were founded in 2009)
To determine if your SaaS startup is ready to hire a CFO, ask yourself these questions related to subscription revenue and metrics reporting. The post A Self-Assessment to Determine if Your SaaS Startup is Ready for a CFO appeared first on Burkland.
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To determine if your SaaS startup is ready to hire a CFO, ask yourself these questions related to subscription revenue and metrics reporting. The post A Self-Assessment to Determine if Your SaaS Startup is Ready for a CFO appeared first on Burkland.
Some of the largest companies are now accepting bitcoin and other cryptocurrencies as payment, but how and when will this impact small and mid-size businesses? In this segment of But Who’s Counting?, David E. Hartley sits down with Anders tax partner and cryptocurrency guru Derek A. Barnard to dive into what investors and businesses need to know before they get involved with crypto, including: Clearly defining blockchain and cryptocurrency Tax implications of bitcoin and other cryptocurren
A nerve-wracking visit from the IRS isn’t the only type of audit out there. There are several audits you can—and should—conduct regularly. And to do that, you need to know how to conduct an audit. Read on to learn: What is an audit? The types of audits Why performing an audit is important How to […] READ MORE.
Remote retail sales just got rockier in Colorado, which has begun imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. Wholesale sales or sales of exempt goods are not subject to the fee.
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.
Receiving an IRS Notice of Deficiency, also known as a “90-day letter,” is a serious matter that requires prompt attention. If you receive this notice, it means that the IRS has determined that you owe additional taxes and that you have 90 days to either pay the amount in full or file a petition with the U.S. Tax Court. If you need tax representation, call us at 1-877-78-TAXES [1-877-788-2937].
End Summer on a high note by diving into these exciting articles written by Michael Mulhearn , Michele D’Antonio , Robert Campbell and first-time writer, Joseph Polanco. We will discuss if trade-ins are eligible for a sales tax credit, how to protect your dealership from fraud, the automotive industry in the metaverse and privacy and safeguarding customer information.
Saw this in PwC’s 2022 Audit Quality Report and wanted to get the peanut gallery’s opinion on this math: My first thought is imagine how much worse these numbers would be if you people didn’t eat as many hours as you do. Though judging by this, you’re getting much better at it. Thoughts? Concerns? Outrage? Have at it in the comments.
If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. Rightly so: Sales tax audits can find fault with a variety of your operations and can cost you big– if the determination goes against you. But as usually happens in business, you can take steps to protect yourself and, in fact, not make the situation worse.
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.
Yikes that headline was a mouthful, sorry about that. Anyway, Fortune has released its 25 Best Large Workplaces in Consulting and Professional Services list and you might be surprised to learn that only one Big 4 firm cleared the top ten. Actually you might not be surprised by that at all once you learn the methodology : To determine the Best Workplaces in Consulting & Professional Services list, Fortune partnered with people analytics company Great Place to Work who analyzed the survey resp
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.
Yesterday (September 13), the Dow Jones Industrial Average opened up about 375 points and closed down 1276 points or a loss for the day of 3.9%. The S&P 500 index was down 4.3%, and NASDAQ down 5.2%. These are big losses, yet all three indexes are up for the prior three-month period. Stock prices go up and down, and this is a continuous situation.
New for 2023, QuickBooks has partnered with Equifax to automate employment and income verification. No data is shared unless the employee specifically makes a request. Employers also can opt out of this service.
Reckon is like an accountant in your pocket – but we’re not the only ones making small business life easier. We invited Reckon clients to tell us about the people in their lives who’ve made their success possible. Katy Walker, Amanda Stevens and Christine Metcalfe share the stories of their pocket pals who’ve inspired them and who have always had their back through their professional journeys.
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.
Thanks to the Inflation Reduction Act the IRS is hiring thousands of new field agents and examiners. Before this new funding, taxpayers of all stripes and income brackets enjoyed a period of very low audit rates due to the IRS’s shrinking workforce, which further exacerbated the audit statistics. As a result, the chances of getting audited became about the same as the odds of winning the Power Ball lottery.
If you are using QuickBooks Enterprise, in the US or Canada, you will have this new 'Inventory Item Category' feature to assist you in establishing a meaningful hierarchy of your inventory, but it will take some thought setting it up.
Offering paid time off (PTO) is a benefit many small business owners extend to employees. Although the Fair Labor Standards Act (FLSA) does not typically require PTO, many business owners provide paid vacation and personal days. And, some employers may even offer unlimited PTO policies. Have you considered creating an unlimited PTO policy for your […] READ MORE.
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.
It doesn't matter if you run a marketing agency or a management consulting firm when it comes to managing a profitable consultancy business. It is only half of the job to provide your consulting services. In addition, your business must send accurate invoices to clients and collect payments promptly. For a service-based business to be profitable, it is essential to track time and invoicing accurately.
For a variety of reasons, it can be difficult to convince some executives to make the investment in AP automation. MineralTree COO Elizabeth Kowal explains how to make it happen.
Employers might require employees to wear uniforms or protective gear depending on the type of business and work environment. To follow federal and state laws, employers must know the regulations of employees putting on and taking off work-related gear and clothing, otherwise known as donning and doffing. Learn more about what is donning and doffing, […] READ MORE.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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