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03/14/2017

A Robot Will Take Your Job: 8 Things Accountants (or Anybody) Can Do to Keep a Job in the Age of Automation

I always knew that the end was near. I just never thought Jon Hamm would be the one to break the news.

But right now that good looking son of a bitch is on the TV with his sexy Mad Men voice telling everybody that — even though H&R Block employees are the Mark Hamills of the tax prep world¹ — IBM’s Watson is now their R2-D2. And even though H&R Block took Watson into mainstream tax prep, the hipster organization KPMG started using Watson for audit support before it was cool.

We’ve got to get used to the idea that robots are eventually going to make traditional accounting jobs irrelevant. Not convinced? Here are some other traditional jobs that robots are making obsolete: Read more

Category:: Computer and Technology, Other Thoughts, Software
Comments:: 1

02/20/2017

How To Be A Great Firm Leader

Leadership has been something I’ve been growing in for a couple of years now. I even spoke about it at our Deeper Weekend conference last year. During my talk, my perspective was that you are a leader if you are a firm owner. Period. You may be a poor leader or a great leader, but you are still the leader of your firm. It is a fact with the position you hold as the owner of the firm.

Category:: CPA firm, Leadership
Comments:: 2

01/29/2017

Our Community’s Purpose

The Thriveal community is now in its 7th year. We started in October of 2010 as a way to be with other entrepreneurial firm owners. We’ve tried many community ideas along the way and have met many wonderful people. But this year seems different. We have learned so much about what a community means, and how to bring value to firm owners through a community. We truly believe that people building firms in a community grow more than when they try to grow on their own. We have many stories to back this up. Why? This growth happens because a community challenges firm owners in ways they didn’t know they needed to be challenged. And as members of the Thriveal community, we see other members doing innovative things. So we tend to try new things too. But the coolest part of growing in a community is the trust and camaraderie entrepreneurs feel within their community. A community watches out for its members, and supports each other when times get tough. This brings on the bravery needed to be successful growing a firm in a community.

Thriveal’s Purpose:

Thriveal inspires countercultural firm owners to embrace their entrepreneurial creativity within the profession.

Category:: Community, CPA firm, Software
Comments:: 0

01/23/2017

Book Review: Small Giants – Companies That Choose to be Great Instead of Big

Do you have one of those books that you keep telling yourself that you should read, and yet for whatever reason, that book stays on the shelf. Well, for me, Small Giants – Companies That Choose to be Great Instead of Big, by Bo Burlingham was that book that sat on my shelf for years. However, it caught my attention again as I was captured by the title as I related it to my role as a business owner and an advisor to other small business owners. Isn’t this the question we ask ourselves and our customers ask themselves every year – “do we want to grow big?”

Category:: Book Review
Comments:: 1

01/12/2017

Are You Taking the Right Risks to Energize Innovation?

Have you read The 7 Habits of Highly Effective People by Stephen Covey? You have? That’s nice. But have you been to Stephen Covey’s house? No, you haven’t. I know you haven’t because I was there, and I didn’t see you.

Oh yeah. I spent several hours at Steve MF Covey’s house on December 15. I kept asking when I would get to meet him, and they kept saying, “he died in 2012.” Likely story.

Category:: Business, Other Thoughts, Personal Growth
Comments:: 1

01/05/2017

Receipt Bank Thriveal Tech Review: Tech Score 94/100

Of all of the worries of owning a business, the anticipation of a possible IRS audit has to be one of the worst. As a business owner, you want to grow and be forward thinking, but then an IRS agent forces you to rehash the past in excruciating detail. With clean books and correct record keeping, you can have the confidence of knowing that if the government comes knocking, you’ll be ready. While there are many different systems to keep your books in order, Receipt Bank aims to help with the record keeping, while integrating with the all of the major cloud-accounting providers.

Core Features – 35/35

Receipt Bank’s mission is simple, to reduce the time required to move receipts, bills, and credit notes into your client’s accounting system and give accountants a clear view of their bookkeeping while in progress. They do this by capturing the data, organizing it into their dashboard, and giving bookkeepers the ability to automate the flow into the accounting software. Read more

Category:: Software, Tech Review
Comments:: 1

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