tech and fintech

pandemic? what pandemic?

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how some firms are flourishing in the new normal.

the accounting firm operations and technology survey

one of the benefits of an annual report such as the accounting firm operations and technology survey is the opportunity to see not only the current sentiments but those from years before. sometimes, though, new issues arise and are momentous to warrant inclusion via a new question … as when covid-19 crashed onto the scene.

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more: m&a looms large for 30% of firms | today’s top 3 tech problems: security, client onboarding and workflow | today’s top 3 management problems: staffing, workflow and tech
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of those working at home for the first time, by far the largest group fell into large firms of 51 to 100 employees, where 93.3 percent were new to remote work. medium and extra-large flanked them in those results, at 51.9 percent and 47.1 percent respectively. see table: read more →

m&a looms large for 30% of firms

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most solos are happy as they are.

the accounting firm operations and technology survey

mergers and acquisitions for growth are on the minds of 30% of accounting firms, whether within the next year or further out. however, 56% have no such inclination and say a flat “no” to the prospect.

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more: today’s top 3 tech problems: security, client onboarding and workflow | today’s top 3 problems: staffing, workflow and tech
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for some firms, of course, these activities are options to be acquired. medium firms (11-50) top that interest at 9.6%, while 5.1% of small firms and 3.1% of solos are investigating their options, in the table below.

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today’s top 3 tech problems: security, client onboarding and workflow

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process automation and tech strategy make the list.

the accounting firm operations and technology survey

security and risk management top the list of technology issues challenging accountants, but they’ve dropped over the past year. meanwhile, there’s growing concern over business process consistency and cost reduction.

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firm size plays a role. the largest firms register uniform business processes and integration challenges as their roughest points, while those rank at the low end for solos, who fret more over security and risk management.

both ends call out application updates more than those in the middle, and training worries mid-size firms more than anyone else.

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today’s top 3 problems: staffing, workflow and tech

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cybersecurity, competing for clients and lagging profits make the list.

recruiting and retention may lead the list of issues accountants are facing. but problems in managing workflow have almost doubled in the last year.

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and, while firms of all sizes share many of the same problems, there are stark differences through the spectrum of solo operators to the largest firms. for instance, about two-thirds of firms with 11 to 100 employees rate staffing as their chief concern, but larger firms aren’t having nearly as much trouble. the mid-size firms are leading in solving the workflow dilemmas, while the largest and smallest firms at opposite ends of the spectrum are having considerably more trouble.

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two tiny chargers to revive your dead phone fast

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recommended: spigen (left) and anker (right)

four simple rules and a couple of great gadgets to solve your all-day charging problems.

by rick richardson
technology this week 

we do everything to keep our phones charged all day, hoping we won’t need to plug in until the evening.

alas, at the worst possible moment, the phone just dies. it needs to get recharged. now! and fast!

more tech: hurling satellites into space without rockets  |  the big battles ahead for corporate finance  | the fintech flood: accounting will never be the same  |  the seven-step plan for marketing by spreadsheet | your sales tax headaches are only just beginning | new insights on emerging technologies and people issues

goprocpa.com exclusively for pro members. log in here or 2022世界杯足球排名 today.

what to do? of course, everyone knows you can’t go from zero to full charge in 10 or 15 minutes.

but here are four simple rules (including a couple of mini-sized gadgets) that will help you recharge your phone quicker. read more →

hurling satellites into space without rockets

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yes, nasa has a plan for that.


watch how spinlaunch flings payloads into space.

by rick richardson
technology this week 

every satellite put into orbit in the history of spaceflight has relied on rockets. now a company called spinlaunch is celebrating the first successful test launch for its kinetic launch system, a method that instead uses a massive accelerator, larger than the statue of liberty and powered by an electric centrifuge, that flings a payload into space like a discus.

more in tech:  the big issues in audit: frustration, inconsistency, and technology |  why doing nothing is not an option   |  the key that unlocks client advisory services | new insights on emerging technologies and people issues

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nasa has noticed, and is climbing on board with a testing program,

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the big battles ahead for corporate finance

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advisory board members say it’s happening “whether a cfo chooses to do it or not.”

by the center for accounting transformation
improvetheworld.net

according to a group of corporate finance professionals, one of the most significant issues facing corporate finance teams is refocusing team members toward higher-value work such as interpreting data and advising on issues and solutions rather than allowing them to continue performing rote, manual tasks.

related:  top issues for 2022: talent, time, and transformation

learn more about the center’s audit advisory board or view the center’s transformation courses.

“the biggest risk that is clear to me is to continue the antiquated and outdated people strategies, performance, process, understanding, lagging platform adoption, and not understanding the deep relationships that we need to build instead of keeping the status quo,” offered chris ortega, ceo of fresh fp&a. “to me, that is 100% the biggest risk that we now face in the accounting and finance  space.”

read more →

how auditors can improve efficiency and the budget

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innovation insights: five clicks in five minutes? sounds too good to be true – but automation can be simple and life-changing.

^ stream the video | or download the podcast

innovation insights
with donny shimamoto
卡塔尔世界杯常规比赛时间 presents a center for accounting transformation production

(recorded february 2022)

with everyone going remote, it’s presenting auditors with new challenges. but technology can help, according to colleen knuff and stefan davis, in this interview with donny shimamoto.

part of wolters kluwer, which was recently accepted to the asc x9 (american national standards institute or ansi), the industry setting body for financial institutions, knuff and davis explain not only how some solutions allow real-time collaboration versus working in silos, but also how data-driven audits increase capacity and allow more profitability while reducing risk and maintaining high peer-review standards.

center for accounting transformation
innovation insights is a center for accounting transformation production, presented by 卡塔尔世界杯常规比赛时间.

more:  why doing nothing is not an option | blake oliver: why tax work yearns to be free| private equity explodes in u.k. | brannon poe: the status quo must go  |  accounting nerds, unlock your super powers  | private equity vs. the cpa firm partnership the fintech flood: accounting will never be the same  |  think small to think big with matt wilkinson | your sales tax headaches are only just beginning | when financial statements go extinct with corey schmidt  |  can geraldine carter save accountants from themselves? |  re-inventing accounting with tyler anderson |  turning client service into new revenue

goprocpa.com exclusively for pro members. log in here or 2022世界杯足球排名 today.

knuff and davis also discussed how recently-developed tools can assist with diagnostics and help auditors stay on track while delivering more compliant and dynamic audits, which could better assess risk. the multiple-year views and periodic annual views versus the year-end financials give better business insights and make it easier to spot various trends and identify business performance factors. read more →

avalara crush set for may 17-18

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e-commerce changes everything.

avalara, the tax compliance automation software provider, has opened registration for crush, its sixth annual tax, and technology event. the virtual conference will take place may 17–18, 2022. registration is free at avalaracrush.com.

“e-commerce has erased borders and created new channels for businesses of all sizes. at the same time, our omnichannel economy has created new and expanded compliance challenges,” said scott mcfarlane, co-founder, and ceo of avalara. “during this year’s global virtual event, we aim to help businesses understand the global tax landscape and equip them with the tools they need to keep compliance from getting in the way of growth.”

headline sessions for crush include: read more →

the fintech flood: accounting will never be the same

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venture capital and private equity are pouring billions into financial technology start-ups. and this business will never be the same.

watch the video or listen to the podcast: follow 卡塔尔世界杯常规比赛时间 podcasts on apple podcasts ,  or grab the rss feed here.

with rick telberg
for 卡塔尔世界杯常规比赛时间

a tsunami of venture capital and private equity is flooding into new tech startups, enough to swamp the entire tax, accounting, bookkeeping, and payroll sector, according to a new study by 卡塔尔世界杯常规比赛时间.

more: how private equity changes everything | the fintech flood: accounting will never be the same | the disruptors: re-inventing accounting with tyler anderson |  the disruptors: how to scale with new padgett coo amanda aguillard | eat that frog: asking for a prospect meeting | growing revenue through client service | lease accounting is about to get very real | google ads for new tax season clients | exclusive: eisner ceo charly weinstein explains the private equity deal  | flash briefing: a “call to arms” after private equity deal | four ways to beat the staffing shortage, with pasha malik

goprocpa.com exclusively for pro members. log in here or 2022世界杯足球排名 today.

download the slide deck here.

here, 卡塔尔世界杯常规比赛时间 founder, publisher, and editor rick telberg delivers the keynote at the new york finance & accounting show, explaining what it means for the future of the profession, including:

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the seven-step plan for marketing by spreadsheet

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using excel spreadsheets, with a bunch of numbers, adding in some deadlines, and creating a very organized process, is just how we accountants like things.

by sandi leyva
the complete guide to marketing for tax & accounting firms

it’s quite common for accounting firms – even the regionals – to have no marketing plan in place.

more: five things clients have taught me | beyond compliance: what more you can provide | the biggest seo secret of all: google business listings | five ways to get better clients | how clients get underserved and accountants get underpaid
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the marketing plan might very well be, “get as many referrals as we can.”

or it might be a number for each partner – which is not a marketing plan.

or it might be, “if it’s not busy season, i’ll go to my networking group.”

none of these are plans. they are individual marketing tasks and components.

read more →

your sales tax headaches are only just beginning

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watch the video or listen to the podcast.

follow 卡塔尔世界杯常规比赛时间 podcasts on apple podcasts here or grab the rss feed here.

with rick telberg
for 卡塔尔世界杯常规比赛时间

the changes wrought by covid are rolling through the business world, pushing many of them into online commerce and cross-border sales and, ultimately, into new and nforeseen tax problems, according to liz armbruester, senior vp of global compliance at avalara.

more: six fixable problems at the irs   |  irs under covid: heroes or goats?   |  irs loves e-filing. so why the barriers?  |  two big (and obvious) ways irs could work with practitioners   |  eight ways to charm a client | plug small leaks before they become big floods | you’re only as good as your last screw-up | four issues with ‘quick’ tax questions | when to pick up the phone this tax season | these five procedures will simplify your tax season | 11 steps to better client tax instructions
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

from her perch, see tracks how governments at all levels and across the globe are capitalizing on the rapidly digitizing business world to automatically collect taxes due. in the u.s., states and localities are gearing up to crack down on the new sources of revenues, leaving many businesses and their accountants still ill-equipped to handle the new rules, armbruester tells rick telberg for 卡塔尔世界杯常规比赛时间.

read more →

trullion lands $15 million in series a

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ai-powered fintech to deploy funds for product development and marketing.

trullion, which promises to help automate lease accounting, says it has closed $15 million in series a funding, co-led by aleph and third point ventures, with participation from existing investors greycroft and verissimo ventures, and seasoned financial executives including jody padar, “the radical cpa” at 卡塔尔世界杯常规比赛时间.

see: trullion: new a.i. startup targets rev rec, lease accounting

“accounting errors due to incorrect data entry, omissions, and compliance oversights can cost organizations millions of dollars and harm their brand reputations, yet it’s still all too commonplace for manual, laborious practices to pervade,” says isaac heller, co-founder, and ceo of trullion.

read more →