An audit is the process of verifying financial records for accuracy. An auditor is the professional performing the audit, tracking cash flow and all financial transactions from start to finish, and creating an objective report about their findings. They look for accuracy, efficiency, and for fraud. They report on their findings, offering an analysis and…

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We all need a little help from someone older and wiser sometimes. In the business world, this help may come through mentoring.  According to the Merriam-Webster Dictionary, a mentor is a “trusted counselor and guide.” Companies recognize the value of reliable and relationship-oriented mentorship programs on career development and company growth. Typically, mentors are experts…

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Working with a financial advisor to meet financial goals, grow wealth, and strategize for the future is a smart money management choice. Financial advisors offer a wide range of services, filling specific niches in the industry. However, the title “financial advisor” is not federally regulated. Anyone may call himself a financial advisor without the knowledge…

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In the competitive world of talent acquisition, it’s disheartening when highly-qualified candidates unexpectedly decline job offers. They fit the job description, and you felt sure they would accept. So, what went wrong? Exploring and understanding the elements behind these candidates’ decisions is crucial for employers and recruiters. Candidates consider a variety of factors during the…

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Financial literacy underpins sound, savvy money management decisions. But financial advisors and accountants don’t have a monopoly on this skill. We must all incorporate wise monetary practices every day. Money management encompasses earning, saving, spending, budgeting, investing strategies, bill paying, and taxes.  It’s integral to daily life. Consequently, making young children financially literate establishes their…

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Workplace insubordination is a serious issue. Like a virus, it circulates through a firm, leaving a trail of frustration, toxicity, and unproductiveness in its wake. It can damage workplace relationships, spread dissatisfaction, and impact overall morale. Insubordination is deliberate defiance or a refusal to perform reasonable, required duties. These are some tell-tale signs: Responding incorrectly…

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A seamless recruitment and hiring process will ensure you have the right people on your team. In addition, maximizing efficiency streamlines the process and filters candidates so you can ultimately choose the best fit. Here are some ways to optimize your recruitment process. Write Clear, Compelling Job Descriptions. An intriguing and understandable job description is…

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More than 10 million businesses in the United States employ over 150 million laborers. Due to this, 180+ federal laws, governed by the U.S. Department of Labor (DOL) and the Equal Employment Opportunity Commission (EEOC), protect U.S. workers. These laws C They regulate the following aspects of an employee’s office life – While some federal…

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Owning an accounting firm is not for the faint of heart. Success takes discipline, tenacity, and plain ol’ business savvy. There are so many details to oversee, especially in the early “start-up” days. Daily activities must run smoothly while you pivot to allow for growth and industry fluctuations. And the sensitive information you encounter in…

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It might be tempting to bring on as many new clients as possible, especially in the early days of expanding your firm. However, once you have been in the industry long enough, you learn — either from personal or second-hand experience — how quickly client relationships can sour. “Red-flag” clients cost more energy and frustration…

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