Will Thompson

If you work with lease contracts, you know how long and packed with information these documents can be. And while it may be tempting to skim them, they contain critical information that accountants need to ensure compliance with leasing standards. ASC 842 has specific requirements for how leases should be recorded on the balance sheet depending on the lease term. This means that accountants must abstract key information from lease contracts to account for these nuances. But collecting this information doesn’t have to be a lengthy process. You can rely on software and AI to quickly abstract lease information and ensure you meet the requirements of ASC 842. Linked in the comments, you will find a blog that explains the importance of lease abstraction and how AI can help. 👇 #leaseaccounting #AI #automation #blog #newblog

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Brady CFO doesn’t offer your typical fractional CFO services … we take a team approach that provides you with double the support. When you work with our CFO advisory firm, you get a Finance Chief + Financial Analyst who serve as your strategic partners by identifying revenue and profitability growth opportunities weekly. This team approach ensures a comprehensive analysis of your financial landscape, allowing for more informed decision-making and proactive strategies to drive your company's success. ➡️ The goal? ✔️ You will have access to our team's collective knowledge, leading to innovative solutions, enhanced financial strategies, and a competitive edge for your business. Find out more here ➡️ https://lnkd.in/e2Nnr4Wu #cfo #cfoservices #financeadvice #cfofirm #financeleadership #businessleadership

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There is a place for Interim CFOs in this environment.

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Will the STR Loophole be a viable tax strategy in 2025? With bonus depreciation at 40% (under current law), increasing STR regulations by state and local governments, and a competitive market, some are concerned that it might not. 👇 And the answer is: it depends. The reality is that there are always deals to be had in any market as long as you're willing to put in the due diligence and treat it as a real business: 👉 Tips: 1️⃣ Find the right market(s) unlikely to face unfavorable STR regulations with healthy demand. 2️⃣ Acquire the right property, not just any property. 3️⃣ Optimize your property, pricing strategy, and listings to stand out in a crowded marketplace. 4️⃣ Keep an eye out for changes in bonus depreciation now that the election is over. 5️⃣ Attend our Year-End Tax Impact event this Friday for expert insight: https://lnkd.in/e-GYxQpt If that sounds like work, that's because it is. Running a STR business is not usually a passive endeavor.

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From strategic planning to financial reporting, understanding the value of your business is crucial. Senior Manager Anita M. Zimmer, CPA, ABV, CFF shares when a business valuation is necessary. Learn more about our valuation services: https://lnkd.in/gFeRuvwB #WegmannDazet #CPA #BusinessValuation

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Partner Kelly Malafis and Principal Roman Beleuta were quoted in Agenda discussing their study on CFO pay trends. Compensation for CFOs should be strongly monitored in order for boards to attract and retain competitive CFOs. Yet compensation committees should also understand that pay is just one piece of the pie. Companies need to ensure that finance executives are getting the exposure and leadership opportunities needed to strengthen the value proposition for the executive and the company. Roman and Kelly’s study found that CFO pay increases (8%) outpaced CEOs (5%) in 2023. To read the Agenda article, use the link below: https://lnkd.in/eg4XZZEx To read our CFO pay trends research, use the following link: https://lnkd.in/eBh8Cn4U #CFOpay #compensationtrends #CFO #CEO

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CPA firms often focus on day-to-day operations but miss the big picture. The real growth hack? A comprehensive strategy that covers everything from succession planning and mergers to outsourcing and strategic funding. With expert guidance in these areas, you’ll streamline operations, secure future leadership, and unlock new revenue streams—while maintaining a high level of service for your clients. Hack your growth by optimizing every aspect of your business strategy! #GrowthHack #CPAFirmGrowth #SuccessionPlanning #StrategicFunding #MergersAndAcquisitions #OutsourcingSolutions

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At Boomer, we know how frustrating and overwhelming it can feel to navigate smart, intentional change in your firm. Avoid feeling alone as you create change in your firm with the Boomer Process Circle. https://www.boomer.com/pc #cpa #accounting

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Are Avalara mistakes costing your business? On October 23rd, Stephen Bradshaw, CPA, BT Partner in Charge of Bennett Thrasher’s State and Local Tax (SALT) Practice, will reveal the most common (and costly) Avalara issues that can impact your bottom line—and how to avoid them. Register for free now: https://hubs.la/Q02Rvl3D0

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UH Chief Financial Officer Bradley Bond, CFA, CPA, MBA, was named one of Becker's Healthcare's 160 CFOs to Know for 2024. According to Becker’s, the chief financial officers featured on this list are helming financial functions for health systems and hospitals throughout the U.S. and are instrumental in strategic financial planning, expansions and joint ventures for their organizations. In selecting Brad for the list, Becker’s noted that “Mr. Bond plays a pivotal role in implementing the organization's mission investment strategy, which is focused on community health initiatives and addressing inequities. Amidst challenging economic landscapes, Mr. Bond's leadership has steered UH through financial crises, including navigating the recession and addressing post-pandemic challenges like supply chain disruptions and workforce shortages. Under his guidance, UH has exceeded financial targets, with ongoing initiatives to deliver care at lower costs and maintain credit ratings. With over 30 years of finance executive experience, Mr. Bond's tenure has seen successful debt restructuring, bond issuances and strategic acquisitions.” Brad assumed the role of CFO at University Hospitals in February 2024 and was recognized as a "Notable Leader in Finance" by Crain's Cleveland Business earlier this year. Read more: https://lnkd.in/gFj9JgEG Congratulations, Brad! #UHProud #healthcareleadership #leadership #financialsustainability #strategicplanning #financialplanning #missioninvestment 

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🗓️ Year-end isn’t just about closing the books—it’s about opening doors to new opportunities. Adopt a forward-thinking approach to your business tax strategy with tips for managing cash flow and refining your financials. In this article, Preston Osbourn II, CPA, EPC, MST, breaks down 10 key areas for businesses to focus on and provides a robust individual guide to plan for a successful new tax year. 🌟 #YearEndPlanning #BDOTaxGuides #TaxPlanningTips 🔗 Read more: https://hubs.la/Q02-G37J0

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More or less the stat is 9 out of 10 businesses fail within the first 5 years. And the cannabis industry is harder then most. Which is why giving it our sole focus allows DCCA to compete with much larger competition. And because DCCA believes in collaboration and teamwork we can better compete against solo CPA's and Fractional CFO's for paying clients. Solving problems for cannabis business operators and investors is hard. Which is why the pay day is higher because the problems are harder. We are very bullish on the cannabis industry. Ha, we are biased because it is the only industry we serve. But our business thesis is that it is the current industry that is growing, with easy to find owners/investors and starving for experienced professional service providers. If you are #CPA or #CFO interested in serving a growing industry. Please reach out to Raymond Guns, CPA or Kristi Vaneé Kem or Andrew Hunzicker, CPA Founder of DOPECFO. We are specifically booking to add a team member in the states below. Ohio = The Ohio Society of CPAs New Jersey = New Jersey Society of CPAs New York = NYSSCPA - The New York State Society of CPAs California = California Board of Accountancy

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Don't Get Blindsided: Why Succession Planning is Your Accounting Firm's Lifeline Is your accounting firm prepared for the future? A well-defined succession plan ensures a smooth transition and continued success. Learn the accounting-specific considerations for a winning strategy! #AccountingFuture #CPAPrep Read more: https://bit.ly/3VtbttL

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Don't Get Blindsided: Why Succession Planning is Your Accounting Firm's Lifeline Is your accounting firm prepared for the future? A well-defined succession plan ensures a smooth transition and continued success. Learn the accounting-specific considerations for a winning strategy! #AccountingFuture #CPAPrep Read more: https://bit.ly/3VtbttL

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Don't Get Blindsided: Why Succession Planning is Your Accounting Firm's Lifeline Is your accounting firm prepared for the future? A well-defined succession plan ensures a smooth transition and continued success. Learn the accounting-specific considerations for a winning strategy! #AccountingFuture #CPAPrep Read more: https://bit.ly/3VtbttL

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