Cash is the fuel that makes a business work
According to SCORE mentor Hal Shelton, cash flow problems often cause small businesses fail. Cash flow isn’t difficult to calculate, but it needs to be projected on a rolling 12-month forecast. Furthermore, just because a company is profitable, that doesn’t mean it won’t face cash flow crunches. Shelton adds that cash flow isn’t just an […]
Top 50+50: is diversity in firms improving?
Accountancy Age’s annual 50+50 survey asked firms about diversity. The results show that there has been very little increase in diversity compared to a year ago, but that firms are taking actions to improve their diversity in the future. The accounting industry remains male-dominated at the top: 87.4% of leaders in firms are male. UK […]
Phishing on the Rise: Don’t Fall for it.
More and more people are falling victim to phishing attacks. However, there are some steps that you can take to protect yourself. First, look out for fake purchase orders that lure you into divulging your personal information. Second, watch out for fake login portals that cleverly disguise themselves as a legitimate login page that you […]
Debunking the Demise of the CPA Firm
Many business pundits believe the CPA firms will no longer exists soon because of artificial intelligence or block chain technology. However, they are wrong. Even though software products like Quick books are popular, they do little to improve the quality of firm’s bookkeeping. More importantly, even if technologies like blockchain and articical intelligence make it […]
Down payments on the future of accounting
When it comes to smaller CPA firms, most people are not expecting them to invest hefty amounts into creating new tools and resources within the industry. However, just because smaller businesses cannot contribute high funds into innovation, this doesn’t mean that everything should be left up to larger corporations. Smaller businesses can still contribute through […]