Next Insurance’s Post

Thinking about starting your own #CPA firm? This guide can help you get started by navigating the many challenges involved, including staffing, assessing needs, financial and legal considerations, and much more! https://lnkd.in/gbufV378  

Ok, some trivia for Accountants. I know most of you will not comment publicly, so you can DM me your answers. Scenario: Business owner client needs 80k of cash immediately. They have two life insurance policies with 100k each of cash value (one from 2015 and one from 2020). They decide to take a policy loan. They ask for advice. Question: What policy do you take the loan from - 2015 or 2020? Why? Need help identifying the issue? Learn the issues via our newsletter: https://lnkd.in/gceNwEnK

After multiple implementations with insurance defense firms and all the lessons learned, LawAccounting's new version tackles every accounting challenge these firms face. Watch this quick video overview and contact our sales team at Sales@LawAccounting.com for more info and a demo. Trust us, it's worth a look! #InsuranceDefense #AccountingSolutions #LegalTech Richa MidhaRachit Parnami

Are professional services firms holding themselves back due to traditional ownership structures? Or more specifically, traditional decision making structures. So many of the firms I deal with (financial advisers, accountants, insurance brokers) struggle to make decisions or move quickly when an opportunity presents itself. The partnership structure (or even an equally shared equity model under a company structure) can work well for revenue sharing, but almost always creates roadblocks when it comes to progress. In the vast majority of cases, the firms who seem best equipped to move with decisiveness and purpose are those with a clearly defined "leader". Be that a CEO, a Managing Director, or even a Managing Partner, the common theme is that the person in question has been given a clear mandate to make commercial decisions. That doesn't mean they can unilaterally decide to sell the firm out from under the other owners, but it does mean they are able to engage in transactional or commercial opportunities without the need to seek approval at every juncture. More often that not, herding the various cats into a room for said approval can take weeks, or even months, depending on calendar clashes or absences. There's no one-size-fits-all solution to this issue (when is there ever?), but with the rapidly changing face of all professional services, those firms who don't become more nimble in their decision making may risk being left behind.

Transform your billing with our advanced accounting solution, tailor-made for insurance defense firms. Watch our quick overview video to learn more, and contact Sales@LawAccounting.com! #InsuranceDefense #AccountingSolutions #LegalTech

Webinar alert, VALID Insurance Services Inc. The upcoming exclusive webinar on the 2024 Budget Updates and its impact to your business and personal finances! ⏰ When? May 9 8:00 PM EST 🔗 Where? Online - Register here: https://lnkd.in/dSMDvzmn Co-hosted by our co-founder Nima Salehi and Ahmad Aslam partner at Zeifmans. 🔅 Dive into the latest budget changes and their implications for your practice and personal finances. From new proposals affecting capital gains to updates on the Lifetime Capital Gains Exemption. Don’t miss this opportunity to enhance your understanding of how these critical updates could impact you and your business. Looking forward to seeing you there! Let us know in the comments if you have any particular questions that you would like to be discussed.

When your business goes through a change who are the first people to know? If your accounting department and insurance provider aren't on that list that is reason for concern. On this week's episode of Kaizen Time we talk about why your accounting and insurance provider should be connected.

When your business goes through a change who are the first people to know? If your accounting department and insurance provider aren't on that list that is reason for concern. On this week's episode of Kaizen Time we talk about why your accounting and insurance provider should be connected.

When your business goes through a change who are the first people to know? If your accounting department and insurance provider aren't on that list that is reason for concern. On this week's episode of Kaizen Time we talk about why your accounting and insurance provider should be connected.

When your business goes through a change who are the first people to know? If your accounting department and insurance provider aren't on that list that is reason for concern. On this week's episode of Kaizen Time we talk about why your accounting and insurance provider should be connected.