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Deeper Weekend 2014

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  • Adrian Simmons
    Adrian Simmons
  • Bryan Coleman
    Bryan Coleman
  • Greg Kyte
    Greg Kyte
  • guestblogger
  • Ian Crook
  • Jason Blumer
    Jason Blumer
  • Jennifer Blumer
    Jennifer Blumer
  • Scott Kregel
    Scott Kregel

Thriveal Tech Review ProfitcentsThere is a growing disconnect between accountants and their clients. Accountants generally provide great data on a company’s historical performance while today’s business owners crave more forward-focused advice to ensure their day to day decisions propel their businesses forward.

ProfitCents seeks to solve this problem by offering accountants an easy means to create narrative financial health reports, projections, and industry-specific trends and ratio benchmarks for their clients. It enables accountants to provide relevant, timely information to business owners on their companies’ performance, which creates data-driven, forward-focused conversations. Read more

Category:
Software, Tech Review
Comments:
0
Jason BlumerLiving and working in the Thriveal community has been an interesting experiment. I didn’t realize we were actually learning how to run a firm in a community. Further, I didn’t realize we were learning to run a firm in a community of competitors. Working, living, growing, and maturing in a community of competitors has led me to some interesting conclusions as to how we can grow our firms differently now.

 

Let’s look at how we used to grow our firms and how that has changed.

 

How We Used to Grow Firms
We Used to Envy Competitors
Firms that were started long ago adopted a culture of trying to be like other firms – or doing the things that other firms were doing. In a sense, we envied what others had. Similarly, employees at firms would leave to go work at another firm. Of course, most firms used to be the same back in the 80s and 90s. The grass wasn’t greener on the other side, and it was disheartening to find that out when you left one firm for its competitor. Everyone was the essentially the same.
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Category:
Community, CPA firm
Comments:
0

bryanI recently had the honor to be invited to a seminar at one of the largest accounting firms in the world. After a tour of their brand new facility, we spent the rest of the day listening to panels and speakers on a wide-ranging number of topics – from diversity in the workplace to auditing robots (I won’t get to that one in this post). It was an impressive display to say the least – in terms of both office space and their capabilities.

I left that afternoon in a state of childlike wonder. It’s easy to get engrossed in your own little world and lose perspective of where you stand in the grand scheme. As a refresher for the reader, in my accounting practice I work on my own – an army of one, if you will. So to spend time at a company that employs hundreds of thousands across the world was a bit humbling. Read more

Category:
Uncategorized
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0

Greg Kyte 2I want to trust the AICPA.

 

But there was their obsessive push to get everybody to get the CGMA designation. When they launched the designation in 2012, all you needed was a check for $150 payable to the AICPA to prove your expertise in global management accounting. They wanted member buy-in, literally.

 

And it didn’t help the legitimacy of the AICPA’s push for the CGMA designation when the AICPA sent out emails reminding members to hurry and get the designation to prove that they are awesome at managerial accounting before they had to take a test to prove that they are awesome at managerial accounting. Read more

Category:
Other Thoughts
Comments:
3

bryanLife can be stressful for the small business owner; it comes with the territory.  So anything that can reduce that stress is more than welcome in my life.  Anyone who knows me well knows that one of my favorite things (in business) is annuity payments on seasonal work.

Seasonal businesses make most of their money during their peak season, and they can take on many forms: ski resorts, beach motels, landscaping, and yes, tax preparation. Read more

Category:
Cliff Jumpers, CPA firm
Comments:
0

Greg Kyte 2As you may or may not know, I’m the only Thriveal Member who works in industry. I’m the comptroller for a group of medical office buildings. That’s right, the comptroller. Why comptroller? Two reasons: (1) comptroller is a hilarious word and (2) it confuses people about what I do, so they leave me the hell alone.

On one of our medical campuses, I’m effectively the general manager over real estate. Over the past several years we got pounded by the the one-two punch of the Great Recession and the uncertainty in the medical industry caused by the Affordable Care Act. The result is that we have plenty of available space, and we priced it to move. Read more

Category:
Pricing
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0