Leadership is always important, but it’s especially vital during times of crisis and uncertainty. A notable example of this type of leadership was Sir Ernest Shackleton, the famous explorer who courageously kept a group of sailors alive and upbeat despite being stranded in the Antarctic Ocean for nine months. Granted…

Since it was introduced in 2020 as part of the CARES Act, the Employee Retention Tax Credit (ERTC) has been retroactively updated and expanded numerous times. These retroactive updates make the ERTC more accessible to businesses that are struggling to find their financial footing after a tumultuous two years. However…

The great Stoic philosopher Seneca noted that, “What we struggle with is the fault, not of the places, but of ourselves.” This insightful statement captures the persistent self-doubt that has been dubbed ‘imposter syndrome’. Imposter syndrome is the belief that we are not as competent or intelligent as our peers…

Although the Employee Retention Credit (ERC) can certainly be very lucrative for clients, many ERC professionals are claiming enormous ERC amounts, however possible to increase the amount of their fees, whether the company legitimately qualifies for it. …

Advances in cloud computing and accounting software let entrepreneurs flawlessly run everything from bookkeeping to payroll. While that might seem like trouble for accountants, it’s actually prompted a great transformation within the accounting industry that benefits both accountants and their clients. As technology streamlines accounting tasks involving data entry and…

Nearly 4 million employees in the United States quit their jobs in July, according to a 2021 release from the U.S. Bureau of Labor. This trend of widespread job exits was dubbed “The Great Resignation” in May 2021 by Anthony Klotz, an associate professor of management at Texas A&M University…

As the accounting industry continues to innovate and evolve with technological advancements, savvy accountants are leveraging numerous business opportunities, including app advisory, to increase the value they bring to each of their clients. This approach, known as advisory accounting, moves accountants beyond a compliance-focused role to an advisory one. Rather…

Danish philosopher Søren Kierkegaard wisely stated, “Life can only be understood backward, but it must be lived forward.” As I celebrate the arrival and close of MBS Accountancy’s 10th tax season, I thought about the value of reflection for leaders. …

When your accounts payable department is running smoothly and efficiently, bills are always paid on time and your company gains a stellar reputation among suppliers and partners for prompt payments. One key element to optimizing your AP department for efficiency and cost is understanding the right accounts payable metrics. Why measuring accounts payable metrics is critical While…