The Outsource Insider – Your Biweekly Dispatch from Finsmart Accounting
Welcome to “The Outsource Insider”, dispatched to you biweekly by Finsmart Accounting, where we share insights, resources, and a little fun - designed for firms to grow with offshore talent.
🌍 The Global Edge
Building a Remote Global Team? Get Important Insights from Someone Who’s Done it All!
Accounting firm owners, especially the first-time business owners, often are in a constant chase to build the “perfect teams”. When building a strong business, it is not about building a “perfect” team. They will reciprocate the energy exactly as they receive from you. To understand if you are on the same page, it is important to build processes that allow both employers and employees to understand each other.
The success of a business depends on how well leaders understand their teammates and vice-versa. It is not just the good things that they should be able to talk about. It is also the downs, and the concerning things that need to be addressed.
“It’s an informal conversation, where each manager has one of their staff members, and they say ‘hey, this is what you are great at, and this is not what you are doing great at.’ But also, I want to know as a manager, what am I good at, what am I not good at, where can I improve, or what are the challenges right now, is there anything that’s causing friction for you or upsetting you, that we need to improve on.” Says Shahram Zarshenas, CEO of Financial Cents, when he sat down with Maanoj Shah, talking about Cultivating a productive remote work environment.
If you are building a remote team and facing challenges in choosing the right tools and platforms and creating the right culture that aligns, watch the full episode here:
📚 What We’re Reading
Billy Long, the IRS Commissioner, had said that the tax filing season will open mid-February. However, the IRS said on Tuesday that an official start date has not been set yet.
Even if the official dates are not out yet, if you are a tax practitioner or tax preparer, the ideal course of action is to stay prepared for the upcoming tax season. This will not only help you reduce stress but also make sure that you are prepared for unfavorable circumstances.
Know more about what’s going on with the dates for the new filing season.
🔦 Finsmart Spotlight
As accounting firm owners, like you, begin to plan for the next tax season, where do you stand? Do you want it to be smoother and less stressful than the previous year?
Well, if you haven’t planned it out yet, you must! It shouldn’t be about anxiety, long hours, and burnout.
But how do you do that? With offshoring!
Reduce your seasonal load as you prepare for the tax season
💰 Free Growth Resource
One of the key areas why many businesses fail is cash flow - or the inconsistency in it. To make sure the processes are streamlined and seamless, what you need is an Accounts Receivable Specialist. With the piled-up unpaid invoices, collections become messy. This not only helps hampers streamlined collections, but also tackles jeopardizing relationships and cash flow issues that slow down business growth.
The journey of hiring the right Accounts Receivable Specialist starts with a customizable job description template.
Download the AR Specialist JD template now
🧑💼 Meet Your Future Team
At Finsmart Accounting, our teams work directly with accounting firms (clients) from Day 1. We hire experienced professionals who are fully capable of tackling crises and are always prepared to put their best foot forward to solve their clients’ problems.
In this issue of The Outsource Insider, we present to you one of our Team Leaders, Pinal Patel.
With 4.5 years of experience in US Accounting and a degree in Bachelor of Commerce, she has meticulous attention to detail.
She tackles all the operational challenges with a problem-solving approach.
Her expertise lies in cleanup, where she ensures that the financial records are always accurate and tax-ready.
Pinal is proficient in a wide range of tools and software, including QBO, Xero, Bill.com, Keeper, and Microsoft Dynamics 365
With her proactive approach and strong client communication skills, she is committed to providing strategic support that helps in business success.
😄 Funsmart Corner
Now, this issue cannot truly come to an end unless we add a little dose of fun to your inbox.
📅 What’s Coming Up
Live Webinar
Topic: From Burnout to Bandwidth - Smart Ways to Build Capacity in Your Firm
Date: 19th August
Time: 1 PM ET
Topics we’ll cover:
What’s causing today’s talent shortage in accounting?
How are firms handling client work when capacity runs out?
What are the early signs of burnout every leader should watch for?
What unconventional tactics are helping firms increase bandwidth?
How do you maintain high client standards while scaling your team?
Speakers:
Maanoj Shah, Offshoring expert, Co-Founder of Finsmart
Patricia Hendrix, VP, Woodard
Kelly Porter, Director at Arrow Bookkeeping
Isaac Perdomo, Founder of Opzer and an automation specialist