In the fast-paced world of modern business, taking a step back to recharge and re-evaluate can often seem counterintuitive. However, business retreats and regular breaks are not just luxuries but essential strategies for fostering a thriving and resilient business. This article explores the significant benefits of business retreats and breaks and how they contribute to […]
Blockchain technology has recently captured significant attention, especially with the rise of cryptocurrencies. While the financial ups and downs of crypto trading often dominate headlines, blockchain’s underlying technology is solidifying its presence and evolving rapidly. Though blockchain is the backbone of cryptocurrencies like Bitcoin, its implications and potential applications extend far beyond digital currencies. Accountants, […]
Many consumers associate artificial intelligence (AI) with tools like ChatGPT. While ChatGPT and similar generative engines are examples of AI at work, there is much more to AI adoption than just these applications. Currently, people have yet to determine precisely how AI will affect our lives and careers in the near future, let alone over […]
The shift towards cloud accounting is a significant trend in the financial sector, with more clients expecting their accounting firms to embrace this technology. Not adapting to this expectation can lead to a loss of clientele and referrals. A recent survey by BILL highlights this trend, revealing that 64% of small and midsize business clients […]
Creating a Written Information Security Plan (WISP) is not just a regulatory requirement for accounting firms to renew their Preparer Tax Identification Number (PTIN); it’s a crucial step in safeguarding sensitive client data against increasing cyber threats. A WISP serves as both a blueprint for your cybersecurity strategy and a commitment to maintaining the highest […]
In today’s rapidly evolving business landscape, choosing the right accounting software has become critical for financial officers and accounting managers. With numerous options available, two popular choices often considered are QuickBooks Enterprise and Sage 50 (formerly known as Peachtree). These cloud-based accounting solutions have distinctive features and capabilities that can significantly impact financial operations and […]
