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art werner: what business owners need most | quick tax tip

small businesses face a storm of tax pressures, but trusted advisors can offer calm amid the chaos.

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quick tax tip
with art werner
cpe today

in the latest episode of quick tax tip, art werner delivers an insightful update for small and midsized business (smb) owners — many of whom are feeling overwhelmed by a growing list of tax and regulatory pressures.

click here for more art werner

“i think that a number of small businesses are a little scared,” werner says, pointing to the combination of federal, state, and local tax compliance as a mounting source of stress. “they’re trying to coordinate this all… but more importantly, they look at all this as being just ancillary to why they’re in business.”

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pricing, fees & billing rates

six accounting disruptors heading your way

are you ready? is your competition?

by jody padar
the radical cpa

change isn’t just knocking at your door; it’s kicking it down. we’re in the middle of a major transformation because of new players, cutting-edge technologies and a financial surge. the rules are being rewritten before our very eyes.

more by jody padar
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

if you consider accounting a giant chessboard, many players are making strategic moves. you have the old-school firms on one side who are navigating a rapidly changing landscape. on the other side, you have the new-school disruptors. these innovative entities are reshaping the industry with cutting-edge technologies and fresh approaches.
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outlook & analysis

is practice management having its moment?

list via jason staats

vc-funded aiwyn and canopy seek to stand out among over three dozen contenders.

by seth fineberg
at large

often fraught with issues and features that accountants don’t necessarily use or that don’t sync with what they need, practice management software in tax and accounting has not been the easiest nut to crack.

more tech: aiwyn enters race for the all-in-one practice management platform

more fineberg: opportunity awaits incoming aicpa ceo | where intuit is at with accountants | history could help accountant-vendor relations | accounting needs a ‘rethink’ not a ‘rebrand’ | big change comes with deep reflection | three ways to raise the bar for your business

some, however, have grown in this space and even regained some trust in pm. new investments in canopy and aiwyn are great examples.

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special

aiwyn enters race for the all-in-one practice management tech platform

venture funding heats up the practice management tech sector.

platform
core focus
tax integration
payments
client portal
ai features
notable backers/deals
firm size target
aiwyn
unified pm + payments + tax
yes (via taxa)
yes
yes
yes (tax + workflows)
kkr, bessemer, taxa, digilence
midsize to large
canopy
tax-centric pm
yes (native)
partial
yes
yes (ocr, autofill)
viking global, $70m series c
small to midsize
karbon
workflow + collaboration
no
no
yes
yes (email triage)
five elms capital, acquisition-ready
midsize to large
client hub
client experience + workflow
no
no
yes
no
independent
small firms
financial cents
simplicity + affordability
no
no
yes
no
bootstrapped
small firms
taxdome
all-in-one for tax firms
yes (native)
yes
yes
partial
fast-growing, self-funded
small to midsize
xero practice manager
cloud pm tied to xero
no
no
yes
no
xero
small to midsize

compared: key movers and shakers in the practice management maelstrom.

by 卡塔尔世界杯常规比赛时间 research

backed by new capital and a wave of strategic acquisitions, aiwyn is accelerating its expansion in accounting technology.

more in tech | seth fineberg asks is practice management having a moment?

with support from kkr and bessemer venture partners, charlotte-based aiwyn is positioning itself as a comprehensive platform for practice management, client engagement, payments, and tax automation, targeting mid-to-large firms seeking a more integrated tech stack.

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special

how and why firm organization structures evolve

woman's hand drawing an organization chart

what firms of all sizes are doing.

by marc rosenberg
the rosenberg practice management library

“you are not required to complete the work of perfecting the world, but you are not exempt from contributing to it.” – rabbi tarfon (70 ce-135 ce)

when we started writing this post, we intended to include several traditional organization charts depicting how firms are structured at various sizes. but as we thought about it, we realized this may be a worthless exercise because (a) there are far too many different structures to list, and (b) the structures adopted by firms vary widely depending on the management philosophy of the firm’s partners.

more by marc rosenberg
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

firms often operate for years without much structure, enjoying happiness and profitability. then, with the blink of an eye, the firm “hits the wall.” growth slows or stops. staff turn over. systems become inefficient and out of date. profits stagnate. when firms hit the wall varies widely, but it often is between $5 million and $15 million.
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