Practice Management news March 2012

Practice

Money Management Is Possible - Even in Today's Economy

Most businesses these days are looking to cut spending. Accounting firms are in a unique position to not only help their small business clients trim the fat and manage their money, but to do the same for themselves.
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Community News

Elliott Davis Named among "Healthiest Employers of Greater Charlotte"

Elliott Davis, a Charlotte-based accounting, tax, and consulting services firm, has been named one of the "Healthiest Employers of Greater Charlotte." A second annual awards event, which honored the area's most outstanding health and wellness programs, was held at the Charlotte Convention Center March 21.
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Practice Management

Maintaining Work-Life Balance during Busy Season

Accountants can expect to take only so much strain when putting in seemingly endless hours during busy season, but firms can offer ways to help. In addition, staffers can take measures to ease stress during a time when being overloaded with work tasks can be an everyday occurrence.
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Practice Management

Stop Wasting Time in Meetings!

Technology is constantly speeding up the pace of business: Decisions once delayed for weeks are now made in seconds, thanks to Internet communication. Computer analytics puts real-time market information at our fingertips. Transactions can occur anywhere, anytime.
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Practice

Five Money Management Rules for Young Small Businesses

There are many things to consider when starting a new business, and money management probably tops the list. Get started on the right foot with these five money management tips provided by guest writer Bert Doerhoff.
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Practice Management

Pay Me the Money: Improving Collection Rates Step-by-Step

Blame it on a tough economy. Your clients aren't making money, so they aren't paying you. Yet, you're still cranking out their tax returns and other work for them hoping things will improve and that you'll eventually collect the hard-earned money you deserve. This may seem like tough love, but your firm isn't a charity.
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Tax

New Xero Survey Reveals Most Common Small Business Financial Mistakes

Xero, the producer of Xero online accounting software for small businesses, has revealed the results of a survey of 500 US accountants and compiled tips to help small business owners take control of their finances during tax season and beyond.
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Practice Management

Opportunities Exist for CPAs to Better Leverage Emerging Technology

Like other business professionals, CPAs continue to wrestle with the best strategy to maximize the benefits of emerging technologies, such as mobile devices and cloud computing, according to the 2012 Top Technology Initiatives Survey by the American Institute of Certified Public Accountants (AICPA).
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Practice Management

When Employees Rant Online - The NLRB Weighs in on Workers' Rights

Employees have always complained about their jobs, bosses, and coworkers. Today, through social media, such complaints can reach a much larger audience than in the past. Some employers have responded by disciplining workers, and increasingly, the NLRB is stepping in.
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Practice Management

Making Taxes Less Taxing

Gina Noy offers her clients stress-free tax preparation. It's not often you find "stress-free" and "tax" in the same sentence, especially during busy season, but for Noy, it's a philosophy that carries through her Manhattan-based CPA firm.
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Practice

Employers Paying the Penalty for Wage and Hour Violations

In prosecution of wage and hour violations, the stakes are getting personal. In several recent cases, the government has penalized company owners and officers for failing to pay overtime, imposing stiff fines and even imprisonment.
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Practice Management

KPMG Survey Shows Companies Think Cloud Will Improve Data Analysis

After conducting a survey at the Oracle Open World conference, KPMG was able to glean some significant information regarding how companies are feeling about a move to the cloud. Overall, the survey made it clear that companies’ needs are driving their investment decisions when it comes to upgrading their ERP.
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Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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This Week on AccountingWEB

CPAs Mira Finé, Scott Hitchcock, Rob Keasal, Kathy Scorcio, and Ken Travis offer ten pieces of financial advice for the newest Powerball winner.
Hang Bower of BDO USA and Dan Black of Ernst & Young share their perspectives on why their firms made the Best Places to Work for Recent Grads 2013 list.
Herbein + Company, Inc. firm members talked with AccountingWEB about their year-round employee wellness program.
Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
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