Practice Management news February 2013

Practice

CPA Firm Offering Chair Massage to Relieve Employee Tax Season Stress

Porte Brown LLC is one of the growing number of accounting firms investing in their employees' wellness. The firm is offering weekly chair massage therapy sessions for team members during the busy tax season.
Practice

Firm Leadership Styles That Work

Leadership matters. No one reading these two simple words would dispute their truth, but they may prompt questions: How much does it matter? What separates strong leadership from weak?
Practice

Ditch the Headphones at Work?

Should employees be allowed to wear headphones while they work? This debate has surfaced at least once a month among accounting professionals for the past two or three years, typically during multigenerational discussions around the issue of productivity.
Practice

Florida Firm Leaving Wellness Footprint

Florida-based certified public accounting and consulting firm Markham Norton Mosteller Wright & Company kicked off the New Year and tax season on a healthy note by launching its new workplace wellness program – the Path to Wellness.
Practice

How to Create a No-Equity Partner Position in Your Firm

Most firms are faced with the dilemma of keeping long-term managers who are major contributors to the firm, but for whatever reason, are not ready to be equity partners (or who perhaps never will have what it takes to be equity partners).
Practice

Making More Time for Biz Dev (While Actually Working Less)

If you're like most busy accounting professionals I know, you probably aren't able to devote as much time to marketing your firm and as you'd like. I'm going to highlight a strategy that can help you achieve significant leverage from whatever amount of time you have.
Practice

Advising Small Business Clients on Personal Guarantee Negotiations

For your small business owner clients, signing a personal guarantee has become standard practice as part of the commercial loan approval process. While this is often the price of doing business, what does a personal guarantee really mean?
Practice

How Employers Can Ensure I-9 Forms Are Correct

When Abercrombie & Fitch ran into problems with properly completing I-9 forms, it turned out to be a seven-figure mistake. A $1,047,110 fine was imposed, even though there was no proof the retailer knowingly hired illegal workers.
Practice

The Case for Mandatory Partner Retirement

Almost every firm I work with has a succession issue in the near term. Baby boomers are retiring at an accelerating rate, and firms are coping (or not) with the transition issues surrounding those exits.