Category: Computers and Internet
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estimating defined benefit contributions
I was impressed by onepersonplus-for-db.com estimator for maximum defined benefit contribution. The proposal it generates is simple. The discussion that must accompany the planning for this type of strategy is not simple. I know most people who consider a new pension plan are largely unaware of the risks, cost and potential downsides. So A tool…
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Adoption of modern small business accounting systems is stalled
Results of a new research report published in CPA Trendlines, conducted by accounting technology consultancy Software Advice, confirm what I already suspected: the mass migration of small business accounting systems from desktop to cloud is not going as predicted. Small business clients are raising objections and remain unconvinced of the benefits or switching. The objections…
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A small business’ most valuable asset
When I speak with a small business owner, the topic of managing their most valuable asset often comes up. Usually, I’ll provoke the discussion: What really is your most valuable asset? What are you doing to protect it? What are you doing to grow it? At first, they are surprised to learn that I’m talking…
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Accounting vs. bookkeeping vs. artificial intelligence
I read an article that started out with a silly statement “It’s not a reality—yet—but accounting software is poised to eliminate accountants”. The article goes on to discuss the role of bookkeeping software, not the work of accountants. I responded “If you believe that this next generation of software will replace accountants, then I would…
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Script of new introductory video
This is the working script to my new personal introduction video that will be recorded soon and then made into a multi-media video some time after that: “Hello, this is accountant Tony Novak with a quick 10 point personal introduction: 1. The value I bring to clients today comes directly from experience and relationships built over several decades…
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Problem with Acronis Cloud Backup has me scared
I am investigating a problem with Acronis Cloud Backup where the problem is that the server becomes not available. The pattern I see that is also reported by other users is that this happens shortly after the customer upgrades their service and then attempts to do a restore. It has me scared. I do have…
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Why I prefer Microsoft Office over Google Apps (and Excel over Sheets)
These notes are prepared in advance of a collaborative article with another CPA. The proposed article is meant for accountants about the benefits of Microsoft Excel vs. Google Sheets. This is why I prefer Microsoft Office and Excel: I am paying Microsoft for a service so there is a legally enforceable contract. I have the right…