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Running a Firm

Running a Firm (721)

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Thomson: AI to Boost Firm Profits

 The use of artificial intelligence will increase profits for professional service firms, Thomson Reuters has predicted a recently issued report, “Future of Professionals”.

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Redpath Names Managing Partner

 Redpath and Co. has named Ryan Everhart as managing director effective October 1. He will succeed Mark Gibbs, who has led the St. Paul, Minn.-based CPA firm since 2014.

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Xero Hires Top Sales Exec

 Xero has hired Ashley Grech to the newly created role of chief revenue officer. At the same time, the small business software company said chief customer officer Rachel Powell is leaving Xero after eight years.

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BDO USA to Set Up ESOP

 BDO USA plans to establish an Employee Stock Ownership Plan and the accounting firm said this week that it will be one of the largest ESOPs in the country when it becomes effective at the end of this month.

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Intuit’s Chriss to Head PayPal

 Alex Chriss, who has led Intuit’s small business organization, has been named the next CEO of PayPal. Chriss succeeds longtime PayPal CEO Dan Schulman on September 27.

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AICPA Updates Digital Practice Aid

 The American Institute of CPAs has added to its material on auditing to its practice aid for accounting and auditing of digital assets. Accounting For and Auditing of Digital Assets provides nonauthoritative guidance on the topic under GAAP for nongovernmental entities and GAAS. 

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AICPA Offers Planning Tool Kit 

 The PCPS Strategy Planning Toolkit has been introduced by the American Institute of CPAs. Free for a limited time, it is designed to assist accounting firms in business model transformation.

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Sikich Names CPA Leaders

Accounting firm Sikich has named Richard Lynch and Antony Nettleton as managing partners of its CPA business. It also named market leaders to succeed the two.

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FreshBooks Launches Accountant Portal

 FreshBooks has introduced the AccountantHub, a free portal for accountants for use in managing client information and accounts.

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Wilson: Admins to Solve Staffing Woes

 Using administrative staff and enriching their jobs can be a valuable tool for alleviating staffing shortages, according to Jennifer Lee Wilson, partner and co-founder of Convergence Coaching.

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