In today's episode, we're exploring a new survey conducted by Grant Thornton that reveals how chief financial officers, or CFOs, are feeling about the U.S. economy and their businesses.

Source: https://www.grantthornton.com/insights/press-releases/2024/july/despite-cost-and-hiring-challenges-cfos-reach-highest-level-of-optimism-in-nearly-three-years

YouTube: https://youtu.be/VYanm7t58V8

In today's episode, we're going to cover everything you need to know about Multi-Member LLCs (Limited Liability Companies). We'll discuss the benefits of this business structure, potential drawbacks to look out for, and taxation requirements for multi-member LLCs and their owners. Whether you're just starting out, or you just want to know more about your obligations as an owner of a multi-member LLC, this episode is for you!

Watch on YouTube: https://youtu.be/n4hydjZb36Y

Cash flow is the lifeblood of any business, but for small businesses, managing cash flow effectively can be particularly challenging. In today's episode, we'll explore the common causes of poor cash flow management and discuss practical strategies to fix these problems.

Watch on YouTube: https://youtu.be/BUiyj6exDLM

ESG (Environmental, Social, and Governance) has become a buzzword in recent years as businesses increasingly recognize the need to go beyond financial metrics to assess their overall performance. In this episode, we'll explore how companies are incorporating ESG factors into their financial reporting, the challenges and benefits associated with this integration, and the crucial role accountants play in ensuring accurate and transparent ESG reporting.

Watch on YouTube: https://youtu.be/TtZyb-vvkH4

The decline in enrollment for undergraduate accounting programs in the U.S. has been a cause for concern, with a recent AICPA survey revealing an 18.3% drop in new graduates with accounting degrees from 2016 to 2022. Listen now to learn why this is happening, and how we can fix it!

Watch on YouTube: https://youtu.be/E_4YoQYqSf8

Link to Article: https://www.journalofaccountancy.com/news/2024/jan/what-top-accounting-academics-suggest-to-attract-talent.html

In today's episode, we'll be diving into the recent economic outlook for the United States, as revealed by the latest quarterly survey by the Association of International Certified Professional Accountants (AICPA). According to the Business and Industry Economic Outlook Survey, respondents are now pessimistic about the U.S. economy. The current economic climate, as indicated by the survey, seems to be influencing decision-makers to pause on expansion and hiring initiatives.

Links:

YouTube: https://youtu.be/ytEnvJewa3M

Source: https://www.journalofaccountancy.com/news/2023/dec/more-cpa-decision-makers-hesitate-to-hire-amid-economic-concerns.html

In this episode, we'll explore why internal controls are essential, the potential risks of neglecting them, and most importantly, practical tips and advice on implementing effective internal controls in your business.

Links:

YouTube: https://youtu.be/qK4eUzQ2Z8k

In this episode, we are going to discuss annual inflation adjustments for tax year 2024. We will cover changes to standard deduction amounts, income tax brackets, tax breaks, and inflation adjustments for retirement accounts, health savings accounts, and flexible spending accounts.

Links:

YouTube: https://youtu.be/D5YIfPQKxi4

Blog Post: https://www.accountablenumbers.com/annual-inflation-adjustments-for-2024/