DEVELOPING SKILLS WITHIN YOUR PRACTICE
DEVELOPING SKILLS WITHIN YOUR PRACTICE
With all the hype regarding artificial intelligence doing the rounds in all and every article currently posted regarding the accounting industry, we feel that it is time to speak about skills development within the small to medium size accounting practice.
PROMOTING FINANCIAL LITERACY: WHY IT MATTERS
April is Financial Literacy Month, a time to raise awareness and promote financial literacy. As an accountant, financial literacy is a critical component of your profession, and this month presents an opportunity to educate and empower your clients to manage their finances effectively.
NEW FINANCIAL YEAR, NEW POSSIBILITIES
As we all catch our breath after the provisional/IT14/VAT submission season, we might have some fuel left in our tanks to work ON our businesses and not IN our businesses (as you’ve heard a million times). With all the distractions the last couple of years, like COVID and closer to home, loadshedding, we all might feel we did what we needed to do to survive but forgot to do what we need to do to THRIVE.
CHATGPT TAKES ACCOUNTING BY STORM: THE FUTURE OF FINANCES IS HERE!
2023 has arrived with a bang - a big, artificially intelligent bang! If you haven't jumped on the ChatGPT bandwagon yet, it's time to hop on. This hot new AI sensation is taking the world by storm and people can't get enough of it! But what exactly is ChatGPT? Well, we asked the king of AI to answer that question itself.
BEING AN ACCOUNTANT MEANS MORE THAN JUST CRUNCHING NUMBERS
It is no secret that technology is slowly evolving to be able to do what accountants can, although that does not count for everything, there is substantial technological growth happening.
CYBERSECURITY & ACCOUNTANTS
Today’s organizations are facing more distributed teams at a time of increased security threats and reduced IT and security staffing. Many businesses have begun to realize the risk cyberattacks pose on their operations, reputation, and revenues.
FAIRNESS IN THE WORKPLACE
Being treated fairly in a workplace is often something that managers and colleagues battle with. There is a fine line between being treated fairly and also keeping a friendly yet professional working environment.
FINISH THE YEAR STRONG
The year's final stretch is here! Whether or not you've completed everything you set out to do for the year, it's still possible. Even in our failures, there are lessons to be learned and the beginnings of future success.
RECOVERING FROM TAX SEASON AND LEARNING FROM THE LAST ONE
With tax season almost at its end, the onslaught of longer hours and more stress than usual during the last couple of days, we are sure that all accountants are looking forward to taking a bit of a break until the next deadline arises.
WHAT LIES AHEAD FOR 2022?
It is no surprise that based on our experience and research, accounting trends revolve mainly around technology and how the industry strives to be more efficient and profitable by converting manual tasks into automated functions.
HAVE YOU HEARD ABOUT THE GREAT ATTRITION?
According to a recent report by McKinsey & Company, 40% of all workers in the formal economy in the U.S are considering leaving their current job. In August alone over 5 million people left their jobs voluntarily in the US, many without having another job lined up.
WHAT MAKES A PRACTICE GREAT?
When we have discussions with practitioners, there is a surprising amount of uncertainty what they need to do to differentiate themselves from their competition, and what needs to be in place for their practice to become (or remain) a great practice.
NEW YEAR, NEW PLANS WELCOME 2022
The transformative potential of our products in the Accounting environment is widely recognized, even while the extent of the practice transformation and effective management of our solutions remain in the hands of our clients, we endeavour to provide whatever support we can to make the growth a reality.
CHANGES IN APPROACH NEEDED TO DO MORE eBUSINESS
The viral outbreak has left many people in financial distress, the fact that many have been unable to serve more customers by converting traditional business practices into eBusiness, this of course is also true for most accountants out there.
THE IMPORTANCE OF AN ONLINE CLIENT PORTAL
Client portals have become part of the digital face of many practices. They are an increasingly important connection point between your client and practitioners.
HABITS OF FINANCIALLY INTELLIGENT PEOPLE
Some useful insights into the habits of financially intelligent people.
IDEAS TO ENSURE BUSINESS GROWTH
The most important thing I learned from experience is the power of having someone mentor and help you. It truly transformed my business. I went from my role as “accountant” to that of a “trusted business advisor and mentor.”
SUCCESS IS A MINDSET
Accounting firms, like just about every other business and industry today, are feeling the negative impact of COVID-19. A few lessons are emerging from the crisis that may help accounting firms, their team members and their clients change behaviours and create some new perspectives. Here are observations that may help you think differently about business.
ARE YOU A BIG FIRM WITH SMALL FIRM PROBLEMS
Ever wondered whether you are a small or medium-sized firm? And whether the problems you face are normal? It used to be a question I struggled with, purely because, like most practitioners, I respect the privacy of my fellow accountants.
HOW TO GET OUR CLIENTS TO APPRECIATE OUR LEGISLATIVE BURDEN
A lot has been written about the need for accountants to be business advisors as opposed to only compliance officers. A very relevant subject but, the volume of information is so immense that it remains difficult to fully comprehend.
TODAY'S YOUTH, TOMORROW'S TAX
South Africa finds itself on the tip of the African continent that holds, richly, the youngest population in the world. This gives us both a major asset and a strong competitive advantage over the rest of the world.