Practice Management news July 2012

Practice

Looking to Sell Your Firm? Merge Instead.

You're at the point where you don't want to stop working, but you know you can no longer run your firm for years to come. Should you sell the firm?
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Practice

Employee Benefits When Times Are Tough

Heath care continues to grow increasingly expensive. So does the rent. So do the coffee and creamer you offer your staff. While some of these may only seem like pennies, pennies add up after a while.
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Practice

Improve Upside-Down Reporting Relationships

A workplace reporting relationship that used to be fairly rare is older workers reporting to younger managers. This is a growing phenomenon and will become more prevalent, at least until boomers stop working.
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Practice

Tips for Improving Your Website

This is part one of four of a "Marketing Your Practice" series. Websites, which initially served as "glorified business brochures," are no longer acceptable as such. Today, visitors and clients expect much more.
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Practice

Improve Collaboration with These Three Tips

Why is it often so hard to collaborate? Especially given the fact that nearly every project in today’s professional services firm requires an element of collaboration.
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Practice

Juice Up Your Partner Goal-Setting Process

If done well, setting partner goals will raise the bar for each partner, which in turn will raise the bar for the firm.
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A&A

Personal Financial Plans: Saving for the Future

The 2012 Household Financial Planning Survey shows that those who have prepared a personal financial plan feel more confident and report more success managing their money, savings, and investments than those who haven’t.
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Practice

More CFOs 'Unplugging' while on Vacation

Good news! A significant number (51 percent) of CFOs will leave the office completely behind during their summer vacations, up from 26 percent in 2010.
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Practice

Ninety-One Nonprofits Compete to Win $25,000

Blackman Kallick Plante Moran launched an online contest ‒ Chicago Community Champions ‒ to help Chicago-area not-for-profit organizations raise their visibility and compete for a $25,000 award.
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Practice

Mixed Reviews for Employee Performance Reviews

How useful are performance reviews? It depends on who you ask. A recent survey conducted by Accountemps reveals some interesting results.
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Practice

Interruptions Are Productivity Killers

The sooner we recognize that our interruption-based society is here to stay, the sooner we can embrace and securely put into place measures that ensure we can be at our best for today and for the long run.
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Practice

Criminal Background Checks and Hiring Practices

Criminal background checks for job applicants have become standard operating procedure for many companies. However, companies that routinely conduct such background checks should look at their current policies and procedures.
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Practice

Happy Employees Make Happy Clients

Melissa Brogan is hesitant to call the benefits offered at Barnes Dennig "perks." For her, it's a reflection of her firm's culture. Barnes Dennig has an employee- and client-centric culture and boasts a staff retention average of 94 percent.
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Community News

Company Announcements: Week of July 9, 2012

Following is the latest roundup of accounting community news for the week of July 9, 2012.
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Practice

You, Project Management, and Communication

In her article, Erin Cheever covers the five communication rules to live by when starting a project and what drives it throughout the entire process.
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Practice

New Website Links Sellers/Buyers of Accounting Firms

An online marketplace for accounting practices, launched June 28, offers sellers a place to expose their firm to a national audience and for buyers to search for new opportunities.
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Community News

Company Announcements: Week of July 2, 2012

Following is the latest roundup of accounting and community news for the week of July 2, 2012.
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Practice

M&A: Five Variables when Assigning Value

In this world of merger mania and baby boomers dealing with succession, many wonder how accounting practices are valued when being sold externally (not to partners), and what the multiple is.
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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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