Many accounting firms have family office practices to better serve their clients and generate new business. The wealthy increasingly prefer working with multi-family offices to other private wealth ...

A "stagnating" CPA business model is one where the rational pattern of supporting its clients with new products and services stops developing, growing or advancing adequately to support the firm's ...

Is a legacy firm one that follows tradition, or one that's interested in maintaining its legacy for years to come? Most firm leaders today understand that modernizing and adapting is the real key to ...

TL;DR: Why accountants must first understand what AI really is. Hey, accountants! Have you heard of ChatGPT? Sorry, wrong question. What’s your opinion about ...

Editor’s note: This is the first article in a six-part series. The second part, which covers firm strategy, is also in this issue. “Change always comes to us from the outside in, forcing us to react, ...

As high-net-worth individuals and families choose multi-family offices, many accounting firms offer various services they categorize as such. However, when analyzing self-identified family office ...

Most accounting teams weren’t built to scale. They were built to close the books and stay compliant. That worked—until the demands outgrew the structure. Today, businesses expect sharper insight and ...

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...

What Are the Different Types of Business Models? Learn the different frameworks of how companies operate and generate revenue. A business model defines the framework within which a company creates ...

Business models define how companies earn revenue, including methods like subscriptions. Understanding a company's business model helps investors assess potential profitability. Different industries ...