Nikki Smith

Revenue Recognition and Advanced Reporting for Professional Services Firms   For most law firms and professional services businesses, revenue does not arrive in one neat and predictable form. A single firm might bill hourly for litigation work, charge flat fees for standard filings, and take on contingency cases where payment depends entirely on an outcome […]

Multi-Generational Wealth: How to Structure Family Assets for Tax Efficiency   Building wealth is hard. Keeping it across generations is harder. Studies consistently show that a significant portion of family wealth erodes by the third generation. Spending habits and family dynamics do play a role, but taxes are one of the most predictable and preventable

Payment Fraud Is Rising: How Accounting Firms Can Fight Back with Automation and AI If you work in accounting, you’ve probably already had the conversation. A client calls, panicked, because a check went missing, got “washed,” and started showing up cashed in three different states. It sounds like a plot twist from a crime drama.

The real cost of misclassifying employees vs. contractors   On the surface, classifying a worker as an independent contractor rather than an employee can look like a straightforward cost-saving move. No payroll taxes. No benefits. No overtime liability. For many businesses, especially fast-growing ones, contractor arrangements feel like financial flexibility. But misclassification is one of

How Law Firms Can Use Financial Reporting to Improve Partner Profitability   For most law firms, profitability isn’t just about billing more hours, it’s about understanding exactly where value is being created and where it’s quietly slipping away. Yet many firms still rely on end-of-year summaries or high-level revenue figures that obscure more than they

5 Signs Your Small Business Has Outgrown DIY Bookkeeping When you first launched your business, handling your own bookkeeping made perfect sense. The transaction volume was manageable, the software was affordable, and keeping a close eye on every dollar felt like the responsible thing to do. For a lot of business owners, DIY bookkeeping is

Intuit and Anthropic Just Partnered Up: Here’s what it means for your business finances Artificial intelligence is actively reshaping the tools your business uses every single day. And one of the most significant developments in that space just landed: Intuit, the company behind QuickBooks, TurboTax, and Credit Karma, has announced a major partnership with Anthropic,

Capital One Acquires Brex.  In a bold strategic move that underscores the growing convergence of traditional banking and fintech innovation, Capital One Financial Corporation announced its intention to acquire the corporate finance and payments platform Brex in a deal valued at approximately $5.15 billion. This acquisition, set to close by mid-2026 pending customary regulatory approvals,