Rapid business growth and increased sales are often the epitome of a “good problem” for accounting firms. While doubling your client base generally means an exponential rise in revenue, unprecedented growth tends to be a great disruptor for bookkeeping. It’s easy to fall out of good accounting habits and become overwhelmed by sheer volume as you deal with double the journal entries, rolling invoices, and fluctuating cash flow.
5 min read
5 min read
Both the United States’ Cybersecurity Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) are seeing a growing use of COVID-19-related themes by malicious cyber actors. Cyber threat actors are acting as trusted entities, sending out phishing messages or malicious applications. Cybercriminals are using the pandemic for commercial gain, deploying ransomware and other malware. These actors are targeting individual users, small- to medium-size enterprises, and large corporations.
13 min read
3 min read
“What we're seeing now is unprecedented, unplanned for, uncalled for, and there was just no way to ever anticipate or prepare for it. Things are different… We have to adapt and we have to do that immediately and on the fly. We can't think about what it was like yesterday or what we would like it to be, or what we want it to be. We have to look at what it is now. And I think for a lot of people, it's just about survival.” —Ed Mendlowitz, Partner Emeritus at Withum, Smith, & Brown
10 min read
If there are specific people that business owners trust, their accountant is very high up on the list. Accountants watch over their clients’ finances, make recommendations for cost-saving and growth opportunities, and they ultimately provide their clients with advisory services on how their businesses can and should grow in the future.
3 min read
The ability to read financial statements is important to any business owner. Yet, many might as well be looking at a foreign language when they are presented with accounting numbers. If you can take the time to learn how to read your financial statements correctly, you will have a much better understanding of what is going on in your startup. You don’t have to become a CPA to read a financial statement, either. Just knowing what to look for will take you a long way.