Who’s Heating Up Accounting Tech?

The 21 top venture capital funds and the software companies they’re backing.

By Randolph P. Johnston

Through the years, the opportunity to introduce good entrepreneurs with fine products to larger companies or investors to help their company and product grow. While preparing materials for presentations, the money behind the technology used by accounting professionals.

MORE in TECH: SURVEY: Communication Plan Is to Stay the Course | Stop Drowning in Client Documents | SURVEY: Phone, Email Tied for Client Communication | Hunker Down: The IRS Backlog Isn’t Going Away Anytime Soon | Five Top Tech Trends for 2021 | Make Tech Your Ally in Protecting Clients |

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While who owns what changes daily, investment strategies illustrate what will happen in the future. While my personal preference is to create and operate, many operators prefer to create and flip, taking the money they have made and choosing to do something else.

The links in this post should help you navigate who is holding what. My intent is certainly not to show you all technology company holdings but to simply illustrate a few that are critical to accounting professionals. First, consider a simple listing of Venture Capital Partners And Firms. (You can click through these links to see a simple list of each.)

Now for a few examples of VC firms and representative holdings:

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The Six Types of “Impossible” Clients

Not that there aren’t others.

By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting

As a CPA, I deal with many types of clients’ personalities. If I chose only one type, I would not have had much of a practice. And I doubt I would have found that one perfect type too many times. I have been very fortunate to have really nice and very smart people as clients.

MORE: 50 Ways to Make More Money in Busy Season | 14 Simple, Easy Tips for a Better Tax Season | How to Recoup Staff Training Costs | 10 Ways to Stay in Control | Advice to New Accountants | Clients Don’t Lose Sleep for Overpaying Taxes | When Time-Based Pricing Works
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I believe entrepreneurs are the most stimulating people to work with. However, this doesn’t mean they don’t have peculiarities and that this sometimes makes them difficult to deal with – sometimes, but fortunately not most of the time.

Here are six examples of types I had to put up with and had to learn to overlook some of the unfortunate traits.
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The 17 Rules for Making Partner at a CPA Firm

Checklist: It’s a big job, after all.

By Marc Rosenberg
The Rosenberg Practice Management Library

We’ve all heard the names given to various generations of people over the past century. The Lost Generation. The Greatest (WWII) Generation. The Silent Generation. Baby Boomers. Gen X. Millennials. Gen Z. Though I don’t know of any studies on this, I’m quite sure that every generation of CPA firm ownership has complained – bitterly – about the younger generation.

MORE: Who Shouldn’t Be a Partner? | Nine Reasons People Are Promoted to Partner | How to Make Partner?
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Baby Boomers and Gen Xers love to complain that today’s staff don’t want to be partners. They cite this as a major reason why it’s so difficult to bring in new partners.
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Family Feud Isn’t Just a Game Show

Jason P. Trenton
Jason P. Trenton: How to avoid family feuds.

Why you need an estate administrator pro.

By Anthony Glomski and Russ Alan Prince
Your $5-Million High-Net-Worth Practice

Being named executor of an estate places many legal and fiduciary responsibilities on that person. An executor is entrusted with settling the decedent’s affairs, arranging for the payment of any income and estate taxes, and distributing the assets of the decedent’s estate. In most cases, people choose a loved one or family member to serve as executor.

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“Unfortunately, I have seen executors neglect their fiduciary duties during the estate administration period, which has exposed the decedent’s estate to unnecessary legal expenses, tax liability, and family feuds,” said Jason Trenton, a top trust and estate attorney in the Los Angeles office of Venable LLP’s Tax and Wealth Planning Practice.
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Team Expectations: A Checklist for Busy Season

What do you think your staff knows about tax season? Check again.

By Kristen Rampe

Busy season is here. Are you ready? Is your team ready?

You might feel your team “should know” your expectations, but that’s not always the case.

MORE RAMPE: Pandemic Lesson: Innovate Faster | Tax Season Savvy: Five Ways to Stay Sane | Why Host a Partner Retreat? | SURVEY RESULTS: Effective Stay Interviews for CPA Firms | The 16 Biggest #FAILs in Delegation | SURVEY: Work-Life Balance: According to Whom? | NEW SURVEY RESULTS: Two Ways Your Strategic Plan Can Reduce Turnover |

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A client of ours once assumed a five-year staff they hired from a Top 10 regional firm would know tax professionals work on Saturdays from February – April. She chose not to show up for any of them in February.

While the managing partner stewed over this behavior, we realized three key factors were in play:

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The Morning After the Merger

https://cpatrendlines.com/2020/09/17/the-morning-after-the-merger/The definitive 24-point checklist.

By August J. Aquila

You just signed the merger agreement and everyone goes out to celebrate. The work is over and now you think you can relax.

MORE: 6 Action Steps for a Smooth Retirement Transition | 7 Succession Planning Best Practices | Grissom and Aquila on Partner Performance Evaluations | Gross Profit in a Professional Services Firm: Opening a Dialogue
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What else is there to worry about?

Plenty!

You now have to move your eye from the financial to the human side of the merger.

Your work in this area has just begun and may last for 12 months or more.
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Software Saves the 2020 Tax Season

Survey says tax practitioners have never been so satisfied with their tax prep applications.

By CPA Trendlines

What’s the best word to describe the infamous 2020 tax season?

Brutal? Infectious? Interesting? Perpetual? Weird?

One word works for everybody: unprecedented. A pandemic. A lockdown. New legislation. New rules. Federal programs. Federal disasters. Bankruptcies.

It seems the only thing that’s gone right is software.

The bottom line: Tax practitioners have never been more satisfied with their tax apps.

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