Client centered. When Lisa Burnett looks at what Ability Business is all about, it all starts there. Lisa and the Ability team love to develop relationships with clients so that they can understand their financial needs and help them meet them, especially when it comes to taxes. By providing innovative retail point of sale solutions … Read more
Cyber security. It is a topic that’s both critical and mundane. You’ve likely heard about the threats to your company and your client’s data from hackers and cyber thieves repeatedly over the past several years. While this is true, it does not decrease the urgency in which you need to respond to these issues. Quite … Read more
The Internet Explorer 11 (IE11) desktop application is scheduled to be permanently disabled within most Windows 10 computers on Feb. 14, 2023 through a Microsoft Edge updatenot a Windows update. All remaining devices that have not already been redirected from IE11 to Microsoft Edge are scheduled to be redirected on Feb. 14, 2023. Microsoft has … Read more
It’s that time of year again. Time to break out the eggnog, put up the holiday decorations, and finalize payroll for the year. As an accountant, this time of year can be both hectic and stressful. But it doesn’t have to be. By following these simple steps, you can ensure that your year-end payroll preparations … Read more
Introduction & Forward By William Murphy I recently attended “QuickBooks Connect.” It was the first time I had been among members of the QuickBooks community since 2018, so I was able to see a lot of old, familiar faces. While there, Intuit hosted a reception for Key Accountant Partners in which it celebrated members of … Read more
Amid ongoing challenging economic conditions, inflation is top of mind for consumers as they try to stretch their paycheck across rising bills, housing costs and everyday essentials. This leaves less money to spend in local small businesses. According to the latest “Xero Small Business Insights” data (XSBI)—which uses aggregated and anonymized data from tens of … Read more
Cabbage from American Express issued its inaugural “Small Business Holiday Report,” which highlights the major trends among US small businesses heading into the holidays. Polling 550 small business leaders, the report shows that the businesses surveyed are gearing up for the fast-approaching holiday season by prioritizing their holiday cash flow, strategizing ways to promote employee … Read more
Benchmarking is important for accounting firms and their clients. If you are not setting benchmarks, monitoring and tracking results, you are not using the available data to make measurable improvements in your company and your client’s businesses. That being said, understanding, setting, and utilizing proper benchmarks is not always so straightforward. Here, I will go … Read more
The firm’s accountants should be able to handle all of the financial requirements of their clients, from bookkeeping and payroll to tax preparation, advising an online loan and financial planning. In addition to having a strong team of professionals, an effective accounting firm must also be well-organized. The firm should have systems and processes in … Read more
Financially motivated cyber-attacks are becoming increasingly sophisticated and severe as attackers exploit new vulnerabilities in today’s digital age. Unfortunately, these criminal activities often go undetected until extensive damages are incurred. For example, according to the IBM “Cost of Data Breach Report,” the average breach in 2022 costs organizations up to $4.35 million in damages. As … Read more
