Inspire Advisors & CPAs

As the days of summer begin to wane and the vibrant colors of fall start to merge, small businesses have the opportunity to revitalize their strategies and find ways to boost growth. Here are seven ways to help you boost your business this fall: https://www.inspire.cpa/resources/in-the-loop-magazine/2024-09-10/7-ways-to-rev-up-your-business-this-fall

Chances are, your business may employ remote workers or even hybrid workers. And if that’s the case, it’s important to understand the tax implications of remote work. In this article, we’ll break down tax considerations for both remote workers and employers: https://www.inspire.cpa/resources/in-the-loop-magazine/2024-09-10/tax-considerations-for-remote-work-what-you-need-to-know

Leaders who embrace flexibility across their processes and culture are more likely to brave disruption and thrive in uncertain times. Practice these five steps to remain vigilant and agile: https://knowledge.wharton.upenn.edu/article/to-survive-sustained-change-start-rehearsing/

Now is the perfect time to take advantage of this seasonal change and implement new strategies to set your business up for success in the coming months! Here are seven ways to help you boost your business this fall. ✨

* Reassess your business goals
* Update your marketing strategy
* Optimize your online presence
* Refresh your email marketing
* Consider the customer experience
* Invest in staff training
* Prepare for the holiday season

Read on: https://www.inspire.cpa/resources/in-the-loop-magazine/2024-09-10/7-ways-to-rev-up-your-business-this-fall

Big data. Data analytics. Both terms we’ve heard thrown around the last decade or so. But they’re more than just buzzwords. Data analytics is a game-changer, especially for small businesses. From empowering decision-making to driving growth, your business can benefit from data analytics. Let’s dive into a brief history, explore the rising demand and discuss how you can implement data analytics in your small business:

Small business + big data: A winning equation Data analytics isn’t just for the tech giants; it can help you, too. Discover how.

Absolutely! Always stay in the driver's seat, friends. 🚘

Cynics earn less money, report lower job satisfaction, and are less likely to be elevated to leadership positions. The cynics who succeed in the workplace do so by build trusting connections and alliances. Read on: https://hbr.org/2024/08/why-cynics-are-less-likely-to-succeed

Are you captivated by or apprehensive about the prospect of artificial intelligence (AI) in your business and, quite possibly, your personal life? Generative AI (GenAI) has sneakily woven itself throughout many of our daily processes. Here's more on how to embrace disruptive technology in a remote environment: https://www.inspire.cpa/resources/in-the-loop-magazine/2024-09-10/resilience-series-part-5-how-to-embrace-disruptive-technology-in-a-remote-environment

When you outsource your accounting work to us, it’s like having a trusted advisor on staff. Our team handles all of your day-to-day accounting tasks so you can focus on what’s important - running your business! 😊 Learn more at https://www.inspire.cpa/what-we-do/boss

Before you start sweating about complex algorithms and expensive software, take a deep breath. Implementing data analytics in your business can be straightforward and rewarding if you have the right approach and tools. Here’s how to get started. 😊

1️⃣ Identify your goals. Setting clear goals will help guide your data collection and analysis process.

2️⃣ Collect relevant data. Gather data from various sources and make sure it’s accurate and relevant to goals.

3️⃣ Choose the right tools. There are many low-cost tools available that help you visualize data.

4️⃣ Analyze and interpret. Use your data analytics tools to identify patterns, trends and insights.

5️⃣ Implement and monitor. Monitor your results and make adjustments as needed to ensure you’re continuously improving.

Learn more: https://www.inspire.cpa/resources/in-the-loop-magazine/2024-09-10/small-business-big-data-a-winning-equation

Remembering the precious lives lost and the lives affected on 9/11.

Cash flow is the lifeblood of any small business. But it can also be one of the biggest challenges. Whether you’re dealing with unexpected expenses, seasonal fluctuations or just the daily ups and downs, managing your cash flow is critical. To help you navigate those tricky waters and keep your business on solid financial footing, here are seven strategies for surviving cash flow challenges: https://www.inspire.cpa/resources/blog/7-strategies-for-surviving-cash-flow-challenges

It’s no secret that remote work has been on the rise, especially since the COVID-19 pandemic. In fact, 35% of workers with jobs that can be done remotely are working from home all of the time, according to a Pew Research Center survey. Read on to learn more about the tax considerations for remote work and what you need to know: https://www.inspire.cpa/resources/in-the-loop-magazine/2024-09-10/tax-considerations-for-remote-work-what-you-need-to-know

Do you agree? 😊 We see great things happen for businesses, even for our clients with smaller sized teams! A small team doesn't necessarily mean small success.

There’s a lot to love about AI. And it’s here to help you - not replace you. Here are five ways AI can disrupt your business in a good way, and become your new best friend. 😊

1️⃣ Save time and money
2️⃣ Enhance marketing and customer service
3️⃣ Streamline human resources
4️⃣ Maintain better financial control
5️⃣ Provide sales and customer insights

Read on for further insights: https://www.inspire.cpa/resources/in-the-loop-magazine/2024-09-10/resilience-series-part-5-how-to-embrace-disruptive-technology-in-a-remote-environment

The Social Security Administration won’t announce any final adjustments until October, but beneficiaries can expect these three changes, including a smaller cost of living adjustment: https://www.kiplinger.com/retirement/social-security/changes-coming-for-social-security-in-2025

As the scorching summer temps begin to fade and we find ourselves welcoming the cool, crisp beginnings of fall, it’s the perfect time to mind our ‘Ps’ in business - the four pillars crucial to our success: productivity, preparation, protection and processes. Read our latest letter from the firm - from us to YOU! 😊 https://www.inspire.cpa/resources/in-the-loop-magazine/2024-09-10/from-the-firm-minding-your-ps-in-business

Unfortunately, there are always things that are out of our control; incidents can and do happen. Having an incident response plan (IRP) is essential for your business, as it outlines the steps you should take in the event of an emergency. IRPs should, at minimum, include the following five phases. Read more: https://www.inspire.cpa/resources/in-the-loop-magazine/2024-07-08/resilience-series-part-4-navigating-risk-management

Federal Reserve Chair Jerome Powell said last month that interest rates could be cut as soon as September if the U.S. economy follows its expected path, putting the central bank near the end of a more than two-year battle against inflation but square in the middle of the nation's presidential election campaign. Take a look: https://www.reuters.com/markets/us/fed-expected-hold-rates-steady-open-door-september-cut-2024-07-31/

Spending more as you make more can harm financial growth. Here are a few tips on finding the sweet spot between living well and saving smart: https://www.kiplinger.com/article/spending/t047-c032-s014-the-impact-of-lifestyle-creep-on-your-wealth.html

How résumé gaps are viewed has changed. Almost two-thirds of American workers said they have taken some sort of career break, and most employers are looking for quality in a résumé. Read on: https://hbr.org/2024/07/research-resume-gaps-still-matter?ab=HP-hero-featured-text-1

A comforting thought when you really think about it 😊

Being gracious isn’t just for the real world. It can work in the corporate world, too. Here are six actionable steps to holding space while practicing gracious and effective leadership: https://chiefexecutive.net/are-you-a-gracious-leader/

The NFL’s chief data officer is using artificial intelligence to address player safety and fine-tune fan marketing. The executive also has advice that leaders in industry can find useful. See more: https://insight.kellogg.northwestern.edu/article/4-leadership-lessons-from-the-nfls-chief-data-officer

We're breaking down the differences between a bookkeeper and an accountant in our new article! Take a look: https://www.inspire.cpa/resources/blog/accountant-vs-bookkeeper-what-s-the-difference