Even after 12 years in the North American market, Xero still sees itself as a challenger brand and it begs the question, how different are they? In the 20 years I have covered the accounting profession and related technology, you realize that accounting platfoms are inherantly not all that different
President Joe Biden announced a sweeping package of student-debt relief that forgives as much as $20,000 in loans for some recipients, a move he said would help a generation “saddled with unsustainable debt.” “The burden is so heavy that even if you graduate you may not have access to middle-class
At its first partner event in the US in over three years, Xero took to the keynote state to advocate partner commitments and share new products. In a market it has long been challenged in, Xero has built what one would describe as a loyal following, one that appears to
The purpose of a family office is to organize and centralize the management of a family’s personal and business financial affairs, and to maintain the financial house in as good an order as that of a well-run public company. The origin of the family office concept came from extremely wealthy
New research from client engagement platform, Ignition, quantifies the financial and mental cost of avoiding or delaying awkward client conversations in accounting, and the professional services industry in general. Specifically, the research found that by putting off awkward client conversations, 40 percent say their mental health has suffered as a
Opinions expressed by Entrepreneur contributors are their own. You might not be very organized with your financial records during the beginning stage of your business or side hustle. Less than half of small business owners monitor cash flow, and 65 percent of entrepreneurs who fail say they mismanaged their finances.
Grant Thornton LLP has sold its public sector advisory practice to Guidehouse, a consultancy owned by private equity fund Veritas Capital. The move is part of Chicago-based Grant Thornton’s strategy of divesting some of its practice niches to focus more on audit, tax and advisory services. Guidepost will be gaining
Our goal in this article is to help the tax professional’s planning by noting significant tax provision effective dates over the next few years. First, let’s discuss tax provisions with broad applicability: The Tax Cuts and Jobs Act (TCJA) enacted in December, 2017, reduced the individual tax rate schedule. For
While neither Sage nor Lockstep disclosed the terms of the purchase, which is anticipated to be completed in September, it is unlikely to have come cheap given that Lockstep conducted a $10M Series A raise in February 2021, with a further $2.5M injected by American Express Ventures in August 2021.
Deloitte’s Center for Controllership released a new poll highlighting why accounting firms are looking for new talent, and why accountants are leaving their posts. The poll, released Monday, found that public companies have been more challenged with talent retention than their private counterparts. Last year, 82% of public firms said
