Budgets, Books, & Balance Sheets: An Accounting & Finance Podcast

Welcome back to "Budgets, Books, and Balance Sheets." I'm your host, Kevin Mitchell, and today we're wrapping up our season with a special episode. Yes, that’s right folks, we are wrapping up our first season of the podcast. Not only is this the last episode of the season, but we're also going to recap what I think is the most important thing we've learned about hiring ta...

Welcome to "Budgets, Books, and Balance Sheets," the podcast that helps you master the art of financial management. I'm your host, Kevin Mitchell, and today we're diving deep into the world of accounting and finance. Our episode title: "Top 10 Qualities to Look for in a Tax Accountant"  In the world of finance, making the right hiring decisions can make or break your fi...

Episode #78 | Low Employee Morale: Top 5 Signs and How You Can Boost It Welcome back, dear listeners, to another episode of "Budgets, Books, and Balance Sheets." I'm your host, Kevin Mitchell. Today, we're diving deep into a topic that affects every corner of the business world, and especially so in the realm of accounting and finance. We are talking about low employee morale. We...

With remote work on the rise, many businesses are exploring ways to hire international employees. The question is, which method is best for your company? Should you opt for Outsourced Staffing, or would an Employer of Record (EoR) be a more suitable choice?  To help you navigate this important decision, we'll explore the nine key differences between these two approaches. By the end of this epi...

Quiet Quitting is not about employees walking out the door with a dramatic exit; rather, it's the slow disengagement that happens long before they officially resign. And this trend, my friends, is something every finance professional and accounting firm should have on their radar. Why, you ask? Because it significantly influences productivity, morale, and ultimately, the bottom line. In an ind...

Procurement analysis, a strategic practice that significantly impacts an organization's financial health, involves the systematic evaluation of purchasing activities. It's all about data – collecting it, analyzing it, and interpreting it to make informed decisions. But why is this process so indispensable, and what does the future hold for it? Let's explore the world of procurement ana...

Today, the world of accounting and finance is highly regulated, and for a good reason. Violations or misconduct can result in hefty fines, lawsuits, damaged reputations, or even the loss of professional licenses. So, it's imperative for accounting and finance firms to hire individuals with the right qualifications, skills, ethical standards, and clean backgrounds. This is the main concern for...

Imagine you are the captain of a ship sailing across the ocean. You have a destination in mind, a crew of skilled sailors, and a map to guide you. But along the way, you encounter some challenges: a storm, a broken mast, a pirate attack. You need some extra help to overcome these obstacles and reach your port safely. What do you do? Do you hire more sailors to join your crew temporarily, or do you...

Today, we are not talking about how offshoring accounting can be incredibly beneficial for accounting firms, something we have already talked about in other episodes, but rather how to overcome a particularly warring challenge of offshoring: Quality and compliance. Specifically, we'll be exploring how to ensure the following of international standards.   To begin with, let’s make a quick recap...

You're at your wit's end trying to find the right candidate for that open senior accountant position. After weeks of posting the job ad and sifting through piles of resumes, you still haven't found anyone who's the perfect fit. The accounting department is struggling with the extra workload, and you need to fill this role fast. It may be time to consider partnering with an accounti...

In a world where the talent pool knows no geographical boundaries, the race to secure top talent has never been more intense. The onset of COVID-19 reshaped how we work, how we collaborate, and most importantly, how we access talent. Today, we'll explore how accounting and finance firms are tapping into this global talent goldmine, transforming their organizational structures and delivery mode...

As the global workforce continues to evolve, companies are increasingly seeking top-notch talent beyond their local borders. The advantages of offshore talent are undeniable: expanded talent pools, increased diversity, and enhanced innovation.  However, the path to offshore hiring is not always smooth sailing. Language barriers, cultural differences, and time zone challenges can make the process d...

The quest for top-tier talent has transcended borders. Gone are the days when organizations were confined to their local talent pools. In our interconnected world, hiring from overseas has become a strategic necessity for business growth. Whether you run a financial firm or an accounting company, venturing into foreign markets for skilled professionals could give your organization the competitive...

Today, we're diving into the intriguing world of offshoring accounting and finance talents. It's a strategy that many CPA firms in the United States have been embracing to cut costs and streamline their operations. But, as with any financial decision, measuring the Return on Investment or ROI can be a challenging task. In this episode, we'll explore the various factors to consider when...

As globalization and digitization continue to redefine our world, companies worldwide can now easily tap into the potential of global talent, including the rich pool of South American professionals. And one country that stands out in this global trend is Argentina. The 2023 Deel "State of Global Hiring" report ranks Argentina as the regional leader, with the highest number of employees h...

When we talk about remote workers, freelancers, and contractors, we're essentially discussing the various ways in which individuals can contribute to a business, regardless of where they're located or the lifestyle they choose. It's essential to grasp these differences to make informed decisions about who to hire and how to structure your workforce effectively. As you may know, remote...

Hello and welcome to Budgets, Books, & Balance Sheets, the podcast where we talk about all things related to accounting, finance, and business. I’m your host, Kevin Mitchell, and today we’re going to explore a topic that is very relevant for the current times: T-shaped skills. What are T-shaped skills? And why are they important for accountants and finance professionals? How can you develop th...

Accountants are money and expense whizzes, but sometimes, advertising can throw them a curveball. Figuring out who to target and how to get the word out isn’t always a walk in the park. With more and more accounting firms popping up online, standing out from the crowd is harder than ever. That’s where a killer advertising strategy comes in handy - it helps you make some noise and reel in more clie...

Welcome back to another episode of "Budgets, Books, & Balance Sheets." I'm your host, Kevin Mitchell, and today we're diving headfirst into a topic that's essential for every bookkeeping professional and small accounting firm: How to Find Bookkeeping Clients. In today's highly competitive and digital industry, acquiring new clients can be difficult. That is why we hav...

Historically, offshore staffing in finance and accounting was all about one thing: reducing costs. It allowed businesses to tap into a global talent pool and acquire services at a fraction of the local price. But, over time, it became evident that offshore staffing offered so much more than just cost savings. Today, outsourcing staffing is about far more than just the bottom line. Finance and acco...

For smaller businesses or startups, a CFO's role can be absolutely critical. They can assist in securing funding, managing cash flow, and crafting strategies for growth. Meanwhile, in larger companies, a CFO can help optimize financial operations, manage risk, and offer valuable insights for strategic decisions. Now, hiring a full-time CFO can be a substantial commitment, both in terms of time...

The talk about the arrival of millennials in the workforce is not new and has sparked numerous conversations aimed at understanding the motivations and aspirations of this generation. Born between 1981 and 1996, millennials have often been characterized as inconsistent, tech-savvy, and freedom-seeking. The truth is that by now, millennials represent the vast majority of the active workforce, and a...

You've probably heard the terms "AI" and "automation" being thrown around interchangeably, but make no mistake—they're not the same. Both can supercharge your business, but in distinct ways.  Read more here.  👉​​ Access Vintti’s 10% DISCOUNT for your next remote accounting talent. 🔥 

Outsourcing financial roles isn't a new concept, but in recent times, it has gained significant momentum. Outsourcing teams from afar, across oceans and continents, offers undeniable advantages, primarily due to cost efficiency. But before we set sail on the ocean of possibilities, let's unpack the very concepts that differentiate these two options. Our contenders today are nearshore and o...

Just last year, a study by IBISWorld reported that there were over 110,000 accounting services businesses in the U.S. alone, and guess what, that number's only been growing. By the time we hit 2024, the global accounting services market is projected to reach a whopping $574.2 billion. Now, that's a huge pie, but it also means more players are diving in, making the competition even more int...