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CAAS: The Path Forward for CPA Firms

By Analytix Editorial Team

October 6, 2020 0 Comments
CAAS-Client-Accounting-and-Advisory-Services

Client Accounting and Advisory Services (CAAS) is the fastest-growing revenue source for growing CPA firms, big and small. For many CPA firms, it took the COVID-19 pandemic to underscore the importance of CAAS in exploring Client Advisory Services. According to a CPA survey of 650 accountants and business clients, CPA firms that offer strategic advisory

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Leveraging Technology to Compete With Large Accounting Firms

By Analytix Editorial Team

September 29, 2020 0 Comments

Today, every business is a technology business.  Your CPA practice is no exception. According to Sage’s ‘Practice of Now‘ report, more than 58% of accountants agree that Artificial Intelligence (AI) will improve future success. In the future, auditors will likely spend less time looking at source transactions.  Instead, they will access auditing technologies used by

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How industry-specific expertise boosts your business

By Analytix Editorial Team

September 22, 2020 0 Comments
How industry specific expertise boosts your business

As businesses gear up for a re-emergence from the economic difficulties of the past many months, they face multiple challenges. One of the biggest challenges is ensuring funds and finances start again. The second challenge is maintaining the momentum or pace of your business. According to a report by Main Street America, business owners impacted

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The 5 Must-have Accounting Reports for Your Small Business

By Analytix Editorial Team

September 21, 2020 0 Comments

As small businesses prepare to reopen after the COVID-19 pandemic, it is prompting many to re-examine their small business accounting strategies. While most small business owners are excellent at what they do, the task of managing finances, especially in these unprecedented times can be challenging. Many of America’s small business owners are thinking about how

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Why Your Business Needs Cloud-based Accounting?

By Analytix Editorial Team

September 21, 2020 0 Comments

As a business owner, what is the one thing you would credit with kick-starting your business? In our journey, we have realized that most business founders bring with them the passion to excel – be it accounting and financial planning for their clients, creating and marketing a product, or providing services. Performing all of the

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Robotic Process Automation: 5 Huge Benefits for Businesses & CPA Practices

By Analytix Editorial Team

September 15, 2020 0 Comments
Robotic Process Automation 5 Huge Benefits for Businesses & CPA Practices

Have you ever wondered how Robotic Process Automation (RPA) can future-proof your business and help you grow without bearing any linear costs like recruiting more people? RPA is redefining the accounting and finance profession in 2020. According to Gartner, RPA software is the fastest-growing segment of the global enterprise software market. Yet another report by

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Benefits of Partnering with a Minority Business Enterprise (MBE)

By Analytix Editorial Team

September 8, 2020 0 Comments
Partnering with a Minority Business Enterprise (MBE)

Managing a growing startup or practice is a challenging endeavor. Competing in the marketplace, offering new services, and gaining more clients are all part of the process. Partnering with a certified-MBE allows you to tap into a large number of public and private sector programs.  The increased access to government contracting opportunities that a partnership

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Here’s How Professional CPA Services Can Help Build a Successful Business

By Analytix Editorial Team

September 3, 2020 0 Comments
How Professional CPA Services Can Help Build a Successful Business

According to an Investopedia article quoting the U.S. Bureau of Labor Statistics, approximately 20% of new businesses fail in the first two years and only 25% new businesses survive for 15 years or more. This is also supported by a 2018 report from the Small Business Administration (SBA) Office of Advocacy, which states that roughly

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Benefits of Outsourced CFO Services to Small Businesses

By Analytix Editorial Team

July 30, 2020 0 Comments
Benefits of Outsourced CFO Services to Small Businesses

Most small business owners stay focused primarily on sales, leaving their financial position to chance. According to the Small Business Report, 60% of small-business owners feel they are not very knowledgeable about accounting and finance. Further, owners who do have accounting skills are mostly stretched too thin addressing other areas of the business. Hiring an

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CPA FAQS – How To Manage Heavy Workload Without Affecting Quality

By Analytix Editorial Team

July 2, 2020 0 Comments
CPA FAQS - How To Manage Heavy Workload Without Affecting Quality

It’s crunch time! As you start another busy tax season, do you and your CPA partner feel the squeeze of heavy workload? If so, you aren’t alone. Accountants have to deal with long weeks, longer working hours, and the pressure of deadlines during the tax season. According to the 2019 Post-Tax Season Firm Survey of

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