Accounting firm business intelligence – 4 unexpected benefits
Firms are drowning in data. There’s data on profitability and productivity, client satisfaction and marketing effectiveness—and even more data on how those things tie together. If properly leveraged, that data can provide key insights into how, when, and why to evolve your firm. Thankfully, advanced computing power can help your firm management use data to make important decisions. Here are four important benefits of accounting firm business intelligence tools.
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5 signs your firm can add value for clients
If your firm wants to grow, you have to move beyond basic compliance and commoditization to high-value consultative services. Those are the services clients really want to pay you for because that’s where you can help them save money and headaches. Savvy firms look for these five signs that their staff is able to carve out time to add value for clients.
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Individual retirement accounts and bankruptcy - exemption amount
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 provides protection for certain individual retirement account (IRA) assets under federal law. The law provides for the exclusion from a bankruptcy estate of up to $1 million of IRA assets attributable to regular contributions.
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Avoiding Missteps in Peer Review
As the calendar turns to Fall, it is time to start planning year-end audit engagements again. While it may not have been a priority this year, it is also time to consider your upcoming peer review. Notably, the peer review process is changing. Therefore, planning for it now can help you avoid missteps during your review.
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