The Tax Cuts and Jobs Act: What Small Business Owners Need to Know

The Tax Cuts and Jobs Act brings the most sweeping changes to the tax code in a generation. So, if you’re still unsure of how the changes will impact you

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Growth Strategies for Professional Services Firms: To Grow or Not to Grow

It’s no secret that the professional services (PS) market is growing at a brisk pace. The Professional Services Market Global Report 2017 forecasts 5.4 percent annual growth until 2020, expected

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The Power of the Labor Efficiency Multiple as a Performance Metric

Of all the metrics governing financial performance, we need to put a spotlight on one in particular: your Labor Efficiency Multiple (LEM), sometimes also referred to as the labor efficiency

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How to Manage Overhead Cost Before It Gets Up to Your Neck

As a metric, overhead refers to any costs that aren’t directly needed to service a client. Employee utilization and pricing are directly tied to overhead cost. Essential and Nonessential Overhead

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The Impact of Customer Acquisition Cost on Profitability

One constant in running a professional services organization is the constant need to acquire new business. Whether a professional services firm’s revenue is project-based, recurring monthly, or something in-between, the

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5 Yearly Tax Essentials

Avoid unwanted tax surprises each year by reviewing our five tax essentials. These tips ensure that you don’t run into unexpected delays when you file your tax return. For more

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The Emperor’s New Clothes: A Tale of AI for Bookkeeping and Accounting

What’s with all this talk of Artificial Intelligence (AI) in Bookkeeping and Accounting? For the most part it is just that – talk. AI, machine learning, bots and automation are

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How Pricing Might Be at the Root of Your Financial Challenges

Does your firm have an efficient pricing model? Are the full spectrum of industry conditions being assessed in your firm’s pricing calculations? And is each team member’s talent being fully

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Five Things You Should Be Ready To Defend In The Event Of An IRS Audit

With tax season in full swing, small business owners may be feeling some annual tax-related stress. How are the new tax regulations going to impact my business? Will I be

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How Employee Utilization Drives Profitability for Professional Service Firms

Across the professional service industry, firms of all sizes have a perennial and ongoing goal: Get more productive! And it turns out, someone is listening. The Wall Street Journal reported

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