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 ...

You can look on practically every website of any CPA firm today, and you will find the current business model revolves around tax, audit, accounting, advisory and financial services. That business ...

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 ...

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 ...