Virus Stalls Global IPO ActivityRead the rest of this entry »
IPO activity that was on track to regain the momentum of the first quarter of 2018, may now end 2020's Q1 just slightly better than last year.
EY's quarterly Global Trends Report says the quarter ending today will show no more than 235 IPO deals. Better than 2019's 211, but far short of the 323 reported in 2018. The dollar value also pales in comparison: $28.5 billion this year versus ...
Security a Concern For Accountants Working RemotelyRead the rest of this entry »
As the coronavirus continues to spread, a growing number of companies are telling employees to work from home.
While it is one way to avoid exposure to the virus, remote work presents a unique set of problems for companies unprepared to conduct business entirely or even partially over the internet. Besides the potential for overtaxing in-house systems and inadequate connectivity at home, cybersecurity concerns present an even greater concern. With ...
4 Strategies For Hiring Accountants This YearRead the rest of this entry »
As far back as 2013 Forbes published an article headlined "Why Accounting and Finance Pros Are So Difficult to Hire." The only thing that's changed since is that accountants will be even more difficult to hire in 2020.
"That’s more of a statement than a prediction," says Accounting Today, recommending a few strategies for recruiting professionals in this highly competitive market.
Before we detail these -- you've ...
Accounting's Use of Big Data Will Double This YearRead the rest of this entry »
Accountants have always dealt with data, but now their adoption of "Big Data" is set for a break out.
The Institute of Management Accountants says the accounting profession will double its use of big data, exceeding the implementation of other technologies such as data visualization and process automation. The IMA report -- The Impact of Big Data on Finance Now and in the Future -- foresees big data analytics having ...
Accountants Can Bulk-Up at This NY FirmRead the rest of this entry »
For young accountants early in their career who want to bulk up, and not only on experience, take a look at Fust Charles Chambers.
The modestly sized Syracuse, NY firm ranked first on Accounting Today's list of the "Best Firms for Young Accountants." Selected along with 9 others from the publication's annual survey for its list of the "100 Best Firms to Work For in the U.S.," Fust ...
Accounting Firms Should Hire Differently In 2020Read the rest of this entry »
As the saying goes, "Every obstacle is an opportunity in disguise," and that's just how CPATrendlines described a look ahead at the challenges CPAs will face next year.
Headlined "2020 Outlook: Top 5 Emerging Risks for CPAs," the article carries a subhead that declares them to also be, "The top five emerging opportunities, if you handle them right."
Written by an EVP at Aon, the article hits on the risks ...
Accountants Have Good News For Clients About TaxesRead the rest of this entry »
For accountants, the holiday season could be considered the lull before the storm. Come January, CPAs will be coping with month-end closing, year-end financials and preparing for the annual W-2 and 1099 mailings.
And then it's tax season.
This year, tax accountants can play Santa to their clients, delivering "Season's Greetings" and some good news about a subject that no one associates with good news -- tax audits.
For at ...
Accounting Mysteries For Small BusinessesRead the rest of this entry »
Of every 10 businesses that first opened their doors Monday, 5 will be gone by 2024.
The reasons for the failure of startups are as varied as the businesses themselves, but high up among the causes is a lack of understanding of basic finance. Too little capital and miscalculating pricing are two of the most common causes of small business failure.
Besides these two serious problems are those rooted in ...
CFOs May Worry About Adoption, But AI Is Coming FastRead the rest of this entry »
As organizations around the world rush to digitize operations, their CFOs worry their finance group is lagging in the digital transformation.
Agile Finance Unleashed, released earlier this year, details the state of digital finance, painting a picture of digital leaders, where the vast majority report a "compelling digital experience" for their internal and external customers, and the bigger share of organizations that are non-leaders. Most CFOs in these non-leader organizations ...
A Strategy For Better Client MeetingsRead the rest of this entry »
One of the biggest demands on an accountant's time are client meetings.
There are the prospective client, get-to-know you meetings, for which many firms don't bill. Once they do sign, then time management becomes critical. Even when you bill by the minute, those "I have a quick question" calls can turn into time sucks. And when they really are as quick as the client claims, they can become a sore ...