Is Your Estate Ready for the Post-TCJA Era?
You’ve worked hard to build up your accounting practice. Decades of hard work have translated into a sizeable estate, and now it’s time to start considering your legacy with as little possible going to the IRS. Since it is the season of giving, you may want to consider a gifting strategy to begin the process […]
Annuities vs Life Insurance: What’s the Difference?
You want to plan for retirement, yet there are so many uncertainties – life expectancy, the size of your nest egg, market volatility, and finally, health concerns to top it all off. You seek stability, a safety net, and perhaps something to leave your loved ones. Who do you turn to? Where do you turn […]
New MYGA Annuity Rates: How CPAs Can Benefit
Attention all CPAs looking to bolster their long-term financial strategy: Sweeping changes have been made to MYGA (Multi-Year Guaranteed Annuity) products that CPAs will want to pay attention to. As we dive into the final quarter of 2023, several companies have raised their rates on MYGA annuities, making them an increasingly attractive option for those […]
Why Should CPAs Hire a Financial Advisor?
CPAs are no strangers to the complexities of taxes, accounting, and compliance. You may even thrive in spreadsheets, easily tackle tax codes, and be the go-to numbers expert in any room. But when it comes to broad-based financial planning—think retirement, estate planning, and investment strategies—do you find the waters a bit murkier? Why CPAs Need […]
The Characteristics of a Modern Accounting Firm
The traditional CPA firm was a maze of office cubicles, cluttered desks laden with paperwork, incessant printers, and staff consumed by tedious manual tasks. Late nights and excess coffee were norms, especially during tax season. Contrast this with today’s modern CPA firm, where a tech-savvy accountant can work from a coffee shop halfway across the […]
Why CPA Firms Should Transition to Cloud-Based Software
As we navigate the digital age, the rapid evolution of technology continues to influence various sectors, and the accounting industry is no exception. In the current landscape, there has been a remarkable rise in the adoption of cloud-based software in the field of accounting and bookkeeping. The impact of cloud-based software in the realm of […]
Cutting-Edge KPI Metrics for Your Accounting Firm
As an accounting professional, you understand the significance of numbers. But in an era where chatGPT, machine learning, automation, and Big Data are transforming the industry, are you considering the new metrics that could forecast performance? Why track KPIs? How do you know where to go if you don’t know where you’ve been? And the […]
Embracing Blockchain for CPA Practices
Technology is changing fast, and it’s hard to keep up. Blockchain is one of the most promising technologies, with perhaps the most tremendous potential to upheave the accounting industry. You’ve probably heard of NFTs, those nifty images whose values shot ‘to the moon’ a few years ago as they broke onto the tech scene. And […]
5 Tips to Effectively Communicate as a CPA
For accounting professionals, practicing effective communication with clients can often fall into the background. CPAs are all about numbers, and their jargon quickly falls on deaf ears, potentially leading to customer confusion and dissatisfaction. But improving your communication and, perhaps more importantly, maintaining a healthy level of regular and adequate contact with customers is among […]
Why CPA Firms Should Conduct ESG Reporting
ESG reporting has become a hot-button topic in recent years. Stakeholders, including investors, employees, and customers, are increasingly interested in a company’s ESG performance. They want to know how businesses manage their environmental impact, how they treat their employees and other stakeholders, and how they govern themselves.Essentially, individuals expect companies to follow standards of conduct […]
