Topic: accounting

America’s New Breed of Cannabis CPAs [VIDEO]

‘An accountant’s dream.’

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Is Your Chart of Accounts Stuck in the 1970s?

Help your clients account for marketing costs. By Sandi Smith Leyva The Accountant’s Accelerator One of the value-added services we can offer clients is to align their chart of accounts with their tax form so that the numbers are easy to pull off at tax time. But there’s an even bigger opportunity if we take a deeper look.

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Accounting Salaries to Rise 3.5%

Top trends: Flexible staffing, retention challenges…

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Tax and Accounting Industry on Hiring Binge

Profession adds 1,400 new jobs in latest month. Next question: Who’s hiring; who’s not. Join the survey; get the answers. By CPA Trendlines With practitioners across the country reporting strong demand for new hires, the nation’s tax, accounting and bookkeeping industries added 1,400 new jobs last month, with some sectors marking new highs for 2014 and approaching the pre-crash peak six years ago. Jennifer Dizon, an audit and advisory partner at Hood & Strong’s San Jose, Calif., office, tells CPA Trendlines her firm is looking to hire. “We need more staff to service business growth,” says Dizon, who is also the newly elected state chapter president of the National Association of Women Business Owners. In Elkhart, Kan., enrolled agent Terri Ryman at Southwest Tax & Accounting says the office […]

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Survey Finds Small Business Bullish on 2015

51% plan new hiring now and into next year. For 2015, 81 percent percent of small businesses forecast a revenue increase, with 21 percent expecting to grow more than 100 percent, according to a new Xero survey. The study also shows that employing an accountant pays off. SMBs (small and medium-size businesses) that use an accountant with online accounting software enjoyed a 16 percent increase in revenue over businesses that use online accounting software without an accountant. And using more accountants equals more revenue, says the study released by a cloud accounting software maker.

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Threat or Opportunity as H&R Block, Liberty Jump into Bookkeeping Services?

What it means for independent tax and accounting firms. By Hitendra Patil Pransform Inc.  The accounting profession in the U.S. has been shaken up by announcements from Liberty Tax Services and H&R Block that they are entering into core bookkeeping and accounting services business. More on The Entrepreneur Accountant:  Six Steps for a Better Tax Season   •  8 Seconds into the Future: Meet Generation Z   •   5 Reasons Gen Y Will Make or Break Your Firm   •   3 Ways Amazon’s New Fire Phone Hints at the Future of Accounting   •   The 8 Traits Creating the Firm of the Future Today   •   Get More Done, Make More Money: Stop Doing These 17 Things   •   What Shopping Habits Reveal about Accounting Clients   •   […]

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Study: Fraud Hits Smallest Companies Hardest

Many never fully recover. By CPA Trendlines The typical organization is losing 5% of revenues per year to fraud, costing about $145,000 per company – and smaller businesses are disproportionately victimized, according to a new research report. The losses translate to $3.7 trillion globally, says the group which has been conducting the research since 1996. PRO members: Download the full report here. Highlights…

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Ten Things Every Firm Needs to Make Clear Firmwide

The main categories of information for internal communications and management. By Bruce W. Marcus Professional Services Marketing 3.0 While the substance of information varies from firm to firm, there are 10 categories that cannot go unconsidered:

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5 Ways to Find Your Focus for Summer Success

By Sandi Smith Leyva With so much to do as business owners, we can get pretty overwhelmed at times.  We can start believing that we have a “time” problem, but since all of us have 24/7, there really is no such thing as a time problem.

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