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Latest from ProVisors Thought Leadership

Many people who find themselves in need of filing a court accounting do not know where to start. We always recommend hiring a qualified accountant to ensure a smooth process. Depending on where you live, the exact procedure and the specific forms used will change. However, here are some of the basics in California that are included in the court accounting to help kickstart the process. There are three parts of a court accounting: The Beginning Inventory Receipts and Disbursements Distribute Remaining Estate Assets Read more about these three parts here: https://mcampbellcpa.com/what-should-court-accounting-include/?utm_source=ProVisors&utm_medium=ProVisors…
It is always hard losing loved ones. In addition to grieving, you’re also probably busy sorting through the painful but necessary tasks associated with the death of a loved one. If you’re going through the paperwork and notice that your loved one passed without a trust or with only a will in place, you may be wondering how their estate will be distributed and what the next steps will look like.               Read the full article here: https://mcampbellcpa.com/do-i-need-to-file-a-court-accounting-for-an-estate-in-california/?utm_source=ProVisors&utm_medium=ProVisors…
Financial Planning and Analysis (FP&A) is an essential financial activity in companies of all sizes. FP&A provides finance teams with a structured approach to budgeting, forecasting, scenario modeling, and management reporting. These activities are focused on supporting a company’s financial health and demonstrating the link between corporate strategy and execution. One of the primary limitations of FP&A, up until recently, is that it typically provides only a financial perspective on company performance. That’s where xP&A comes in. Extended Planning and Analysis (xP&A) builds on the power of FP&A by expanding its capabilities across the entire organization. xP&A becomes a company-wide…
Over time, I have seen that people who own and operate a business often view the transaction of selling their company as a means to an end, whereas professionals handling said transaction make their living doing the deal. The former tend to look at transactions as an arrow in their strategy quiver, while the latter view buying and selling businesses as their business. Many private and family business owners are never involved in such a transaction until they decide to sell their own business. The accepted practices, knowledge and customs are foreign to them, which makes them both disadvantaged and…
In this episode of Inside Divorce, Hindell interviews Christina Pavlina, co-founder of the Massachusetts-based non-profit organization Jane Does Well.  The goal of Jane Does Well is to connect and empower women who are going through or have been through a divorce.  Christina speaks about the history of Jane Does Well and the type of events they host.  Hindell and Christina also discuss the recent report that Jane Does Well submitted to the 2020-2021 Massachusetts Child Support Guidelines Task Force with seven recommendations for how to improve child support calculations.  More information about Jane Does Well can be found at janedoeswell.org.…
  Business resilience is a concept with a new meaning in a Covid-19 world. It has been defined by the National Association of Corporate Directors (NACD) as “the capacity of any entity to prepare for disruptions, to recover from shocks and stresses, and then to adapt and grow from a disruptive experience.” Resilience is the demonstrated ability to move forward – better. Numerous technical standards give their own definitions of resilience, such as ISO 22316:2017, which describes resilience as an ability and, more specifically, the capacity to absorb and adapt in a nonstatic environment to deliver its objectives while surviving…
Are you suffering from a culture that exhibits a silo mentality, people not taking appropriate actions outside of their job description Interdepartmental Issues languishing because neither side accepts responsibility, or a high percentage of broken promises. In our view, there are four essential baseline characteristics of a high-performance culture. They are trust, commitment, responsibility and accountability.  …