Practice Management news

Practice Management

Don’t go another year without a succession plan!

If a key partner decided to retire or became disabled, would your firm have a plan for transitioning clients, choosing a replacement leader, and ensuring continuity of firm vision and strategy?
Practice Management

Going through the motions: Only 1/3 of workers are engaged in their jobs

Remember mood rings – those unstylish color-changing rings that would give you away if you were embarrassed, in love, or just having a hot flash? Now Globoforce has announced the 21st Century version of the mood ring – the Globoforce Workforce Mood Tracker.
Practice

Eleven cool mobile apps for running your practice

We recently featured five cool Web apps for running your firm that were highly recommended by your accounting colleagues. Now we’re going to stay on the productivity app beat and take a look at mobile devices.
Practice Management

Increased business use of mobile devices is top IT challenge

The proliferation of smartphones, tablet computers, and mobile devices in the workplace emerged for the first time as the top business technology concern for CPAs and financial executives, according to the 2011 Top Technology Initiatives Survey by the AICPA.
Community News

Co-workers find romance in the hallways and break rooms

Looking for love in all the wrong places? Many workers turn to the once taboo office pool in search of companionship, and the search appears to be paying off.
Practice

Five cool Web apps for running your firm

You’ve probably noticed that most new software is now developed for the web rather than the desktop. This actually isn’t a trend; instead, it's expected that Web-developed software will become the norm, and perhaps even accelerate, in the years ahead.
Practice Management

A cautionary tale: Busy season can be life threatening

During the tax season of 1995-1996, Norm Lorch was not feeling well. He had a sore throat, but told himself it would go away. In any case, he did not have time to go to a doctor. Lorch is principal of Owings Mills, Maryland-based Norman J. Lorch, Chartered.
Practice Management

Employers offer training, flexible schedules, mentoring to attract, retain staff

Companies concerned about keeping top performers and attracting new ones might be sweetening the pot with non-monetary benefits, according to a recent survey. Subsidized training and education topped the list of perks.
Practice Management

From K-9s to 1099s: Pet-friendly firm boosts morale

With a fragile economy still struggling to rebound, employers continue to search for ways to boost morale and productivity. CPA firm Stone, Rudolph & Henry has found a secret to success in Rocky. Although Rocky didn’t originally come to the firm to improve morale, his presence has made a positive impact on SR&H.
Practice Management

The essentials of document management for CPA firms

“Document Management” is a term that has become more or less synonymous with “going paperless.” Consider that when we say “going paperless,” virtually every accounting firm has already been processing and storing a wide variety of documents in digital format since the introduction of the personal computer almost thirty years ago.
Practice Management

Effective coaching: Your staff aren't morons

Licensed counselor Guy Gage has spent the past two decades applying the principles of human and organizational behavior to CPA firms. He specializes in addressing the human factors preventing firms from effectively dealing with internal conflict and underperformance.
Practice

Reviewing overtime standards should be one of your resolutions

Miscalculating overtime can be extremely costly for companies in terms of fines and lawsuits. And the U.S. government has just made it easier for unhappy employees to find lawyers willing to sue companies over alleged FLSA overtime violations.
Education & Careers

Tattoos, body piercings, and accounting firms

What do tattoos, nose rings, and CPA firms have in common? Millennials are expected to make up more than one third of the country’s workforce by 2014 and, of that segment, 12 percent have a tattoo and 25 percent have a body part pierced other than earlobes.
Practice Management

Study: Compliance, staffing capabilities will need special attention in changing economy

The 2011 benchmarking study of the finance function has been released. The study reveals how public and private firms of all sizes are currently managing their financial departments in six vital areas.
Practice Management

How accounting firms can make 2011 better than 2010

Your company can position itself for further growth and prosperity in 2011. Strong or weak economy, it doesn’t matter. But in a weak economy, the services of an accounting firm are needed more than ever.
Practice

Five frustrating employee habits

Sometimes the simplest of employee problems can end up making big waves down the line. Following are five common employee problems and suggestions on how to diffuse them before they end up causing you more trouble than necessary.
Practice

When violence affects the workplace, what liabilities do employers face?

Workplace violence risks are real and employers face legal liabilities when employees or customers are victims. Employers must understand how they could be vulnerable to a lawsuit after an incident of workplace violence, and what they can do to prevent such incidences.
Practice Management

It's about time: New Year’s resolutions to maximize time

Don’t let the stubborn consistency of time get you down. If you’re smart about it, there are plenty of ways that you can get more per hour in 2011. We asked some of your forward-looking colleagues to chime in with their time maximization plans for 2011.
Practice Management

Merit pay does not always motivate employees

"Show me the money!” We’ve all seen the movie Jerry Maguire. And, rest assured, if someone speaks those four words, you’re almost always going to associate them with that unforgettable scene.
Practice

Renewed focus on professionalism

A frequently heard criticism is that Millennials/Gen Yers are short on what has been considered professionalism, a very significant attribute for succeeding in business and particularly in a professional service organization and role.

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