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Small Business Forum: (Ac)Counting on Disruption: An Accounting Guide to Surviving the Rapidly Changing Business Landscape While Adding Value to Your Firm
Originally Published in The Cooperative Accountant, Winter 2020 IssueCovid-19 reportedly started as a limited issue in a Wuhan wet market as early as November 2019. It spread, slowly at first, and then exponentially. By March, the virus had spread around the globe and less than a year from the first outbreak, more than 1 million people had died. If the virus could have been understood and contained in those early months, before the Pandoras Box ...
Read MoreEmail Etiquette
While email is the most expeditious way to communicate, we have to be mindful and thoughtful about what we choose to share before clicking send. Additionally, the sheer volume of messages we're reading and writing each day can be overwhelming. Here is a list of email etiquette tips you should practice daily. Remember that nothing is truly ‘confidential’ in an email One of the most valuable pieces of advice received during my career ...
Read MoreVirtual Accounting: How to Succeed Remotely
The coronavirus has changed the business landscape significantly. Many accounting firm leaders, who were once reluctant to allow employees to work from home or other locations, now realize the value of a remote workforce, especially when it comes to recruiting and retaining talent. But working remotely can also create challenges, such as communicating with and managing employees, setting up necessary technology, and establishing and enforcing ...
Read MoreThe Wrong Idea: Clients’ Wacky Notions About Taxes
It’s hard enough for preparers to keep up with tax changes — clients are completely at sea, and often enough end up relying on very odd notions about taxes. Attempted deductions from recent years (the Minnesota Society of CPAs produces one of the most famous lists) always evince taxpayers strangest ideas about what’s deductible under the Tax Code: boats, family vacations, materials for a new house, a fur coat, charity to ...
Read MoreHow to Stop Overthinking Everything
Deliberation is an admirable and essential leadership quality that undoubtedly produces better outcomes. But there comes a point in decision making where helpful contemplation turns into overthinking.
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