In celebration of National Small Business Week, ADP recently gathered insights from nearly 18,000 small business owners across the U.S. Their feedback—rich with practical advice and hard-earned wisdom—provides a timely opportunity for accounting professionals to better understand the mindset of today’s small business leaders. For accountants serving small businesses, this data isn’t just informative—it’s actionable. From HR strategy to compliance…
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Explore strategies for CPA firms to adapt to hybrid work models, including leveraging technology, enhancing cybersecurity, and fostering trust.
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Explore how technology is reshaping accounting with AI, cloud computing, and blockchain, enhancing efficiency and security in financial processes.
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Learn about the latest IRS cryptocurrency tax regulations, and how firms are adapting to maintain compliance within the rapidly evolving digital currency landscape.
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Explore the current trends in e-commerce sales tax regulations and how businesses are navigating these complex requirements with the help of technology and strategic planning.
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The issues surrounding payroll have changed dramatically over the last two years. With a significant percentage of the population working away from the office—and like to stay away, many businesses now have a work force in more than one state, meaning tax compliance is more complicated. The Great Resignation in which millions have changed or are changing jobs having clients asking…
The PCPS Strategy Planning Toolkit has been introduced by the American Institute of CPAs. Free for a limited time, it is designed to assist accounting firms in business model transformation.
Developed by the AICPA's Private Companies Practice Section, the toolkit firms through a series of steps designed to provide a pathway for to business transformation. “Teams can then visualize this pathway via interactive and customizable chart creation,” the AICPA said in its announcement.
This methodology provides a sequence of exercises that “has been used by organizations of all sizes to create meaningful, actionable and inspiring plans,” according to the organization.
Supporting documents provide suggestions for how to maximize benefits of the toolkit.
To get started, firms are urged to review the Guide to Using the PCPS Strategic Planning Toolkit, which provides detailed information on preparation, setup, and facilitation. The toolkit also includes timing, materials and results for each section. There are step-by-step instructions and expected outcomes.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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