Practice Management news

Practice

Here Are Some Risks to Consider Before Using Social Media for Your Business

The noise about using social media as a means to grow your business has become so constant it almost blends into the background at this point. With Facebook, Twitter, and LinkedIn pushing their advertising platforms and Google+ touting better search optimization, it’s inescapable.
Practice

Use a Validated Hiring Process to Help Reduce Employee Turnover

It may seem counterintuitive, but it is during the worst economic times that finding and retaining quality employees is the hardest. There are several reasons for this, but the most candid is simply that good employees aren’t laid off first. In addition, most people are less likely to take a risk and seek a new job when the economy is struggling.
Practice

HARO: Easy-to-Use, Low-Hanging PR Fruit

Scott Cytron has a public relations tip for you that has brought success to one of his clients no less than three times in the last month. It’s HARO (Help a Reporter Out), a database that enables you to respond to reporter queries that you normally would never know about, all for free and with a very minimal time commitment.
Practice

ParenteBeard Adds 26 Employees in Recent Acquisition of Invotex

Philadelphia-based CPA and business consulting firm ParenteBeard LLC will open a new office in Baltimore after acquiring specialized consulting business Invotex. As part of the deal, twenty-six Invotex employees, including four partners, will join ParenteBeard, which now has nineteen offices in the United States.
Practice Management

Tax Professionals: How Do You Respond When Someone Asks About Your Fee?

There’s a discussion going on in the Tax Business Owners of America LinkedIn forum about fees. It’s quite lively and has a lot of voices joining in.
Practice

Small Business Is Halfway to Hiring

When you talk to your small business clients, are about half of them hiring? The other half aren’t?
Practice

Obamacare Shocker: Mandate Delayed Again for Some Employers

On February 10, the US Treasury Department issued new final regulations pertaining to the employer mandate under the Patient Protection and Affordable Care Act of 2010. But the government dropped a bombshell in the new regulations: It postponed the start date of the employer mandate for certain employers to 2016 – the second extension approved in less than a year.
Practice

How Is Your Accounting Firm Protecting Its Intellectual Property?

Have you ever stopped to think that you have valuable property right on your hard drive?
Practice

We Need More Super CPAs Like Greg Padgett

Ours is an unusual business, in that very few CPAs are actively involved in their communities and giving back compared to other professions. Many of my nonprofit clients over the years would ask, “Where are the CPAs?” I have a pat answer; they are “busy.”
Education & Careers

NJSCPA Unveils New Compensation Study

The New Jersey Society of CPAs (NJSCPA) just released its "2013/14 NJSCPA Compensation & Benefits Study of Public Accounting Firms in New Jersey." Not limited to just salary, the report also covers such topics as incentive plans, health insurance, and training/development.
Practice

Nominate Your Accounting Firm for Awards to Earn the Recognition You Deserve

In today’s competitive climate, one way for you to distinguish your firm is for you to be honored or recognized in the community.
Practice

21 Work-life Balance Reminders for Tax Season

Tax season is upon us and the challenges of maintaining work-life balance become acute. With that in mind, here are twenty-one ways that professionals with work-life balance are different from others.
Education & Careers

Can the Philanthropic Ambitions of Baby Boomers Meet Those of Gen X and Y?

As professionals and executives become more senior, there’s often a desire or expectation that they will want to devote themselves to "good works" as a legacy.
Practice

Could Accounting Firms Operate Without Job Titles?

I'd imagine having no job title makes it difficult to explain what you do at parties.
Practice

For CPAs, Workplace Wellness Programs Transcend the Fiscal Bottom Line

A recent study by RAND Corporation revealed that when it comes to workplace wellness programs, there may be a distinct difference in the type of programs that reduce costs and lower net savings. However, many accounting firm leaders say their workplace wellness programs do not have costs or savings in mind. Instead, they are designed to keep employees engaged, healthy, and happy.
Practice

Bramwell’s Lunch Beat: The Merits of Mentoring

Here are “Bramwell’s Lunch Beat” menu items for January 23.
Practice

Here Are Some Best Practices for Admitting New Partners to Your Accounting Firm

As we work through the succession and retirement of senior partners in our firms, a lot of us are also reviewing and updating our internal documents and agreements. A key part of the update should be focused around how we bring new partners into the firm to replace the “old guys."
Practice

Three Attainable PR Goals Accounting Firms Can Set for 2014

Based on my history of breaking them moments after I've set them, I'm not a big proponent of setting New Year's resolutions.
Community News

CFOs More Likely to Outsource Accounting and Finance Projects

Areas of general accounting and finance – including forecasts and budgets, financial reporting, and mergers and acquisitions – were cited by more than half of CFOs as projects they would likely outsource to financial consultants and interim managers in the next twelve months, according to a recent survey.
Practice

How Federal Contractors Can Navigate the Maze of Affirmative Action Compliance

This summer, Tufts Associated Health Plans Inc. agreed to pay more than $370,000 to settle allegations that it violated federal contract compliance regulations by retaliating against victims of discrimination.

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