Practice Management news

Practice

How To Get Better Client-Centered Referrals

To get the best referrals, you need more than naturally occurring word-of-mouth. You need to have a program to actively elicit referrals from a number of services.You may think that clients will just give you referrals because they like you or your service. However, it doesn’t always happen this way. To have a top practice, you must do more than produce good work and wait for referrals to follow. Some clients are more likely to give referrals than are others. When you identify someone who is liberal with their referrals, cultivate them.
Practice Management

Creating a Professional Referral Team

Barry LaValley As you look at your business plan for the coming year, how are you going to build referral relationships in your community?
Community News

Ten Benefits of a Mission Statement

Reprinted with Permission from "The Goals Guy". A mission statement causes you to expand your perspective, and to examine your innermost thoughts and feelings.
Practice Management

Former Deloitte Consulting Partners Form Consulting Practice

In the aftermath of the Sarbanes-Oxley Act of 2002, most of the nation’s largest accounting firms broke ties with their consulting practices. After Deloitte Touche Tohmatsu scrapped plans to spin off its consulting practice and rename it Braxton, a group of former Deloitte Consulting employees formed their own company, Archstone Consulting. Archstone was formed in June but just officially hung out its shingle on Tuesday. Based in Stamford, CT, Archstone has about 60 professional employees, half of whom once worked for Deloitte Consulting.
Practice Management

Merging Financial Services: A Wave of the Future?

The city of Citrus Heights, CA is home to an innovative financial network of firms that continues to grow and offer a multitude of services to its clients.Tax & Financial Professional Center, Inc. is way more than a CPA firm. The firm provides tax services to some 5,000 clients, but that's only the beginning.
Community News

Practice Differentiator: Written Guarantee To Clients

Brown Smith Wallace, LLC, a locally-owned CPA and business consulting firm in Missouri, has completed a re-branding process, which includes issuing a written guarantee to reinforce the values, traditions, and commitment to their clients.
Practice Management

McCall Resigns as NYSE Director

The fallout from the flap surrounding former New York Stock Exchange Chairman Richard Grasso’s compensation continued late last week with the resignation of NYSE board member H. Carl McCall.McCall, the former New York State controller, had the supreme bad luck of having to defend the earlier actions of the NYSE’s compensation committee after he took over as its chair in June.
Practice

Overcoming Attendance Problems: Free Report

"Overcoming Attendance Problems" shines the legal spotlight on mistakes managers can make - and how to avoid them - when dealing with absenteeism and tardiness problems, especially regarding Family and Medical Leave Act and Workers' Comp requirements, along with pitfalls that exist when absenteeism decisions bump up against other anti-discrimination laws.Every time an employee takes an unexpected day off, it not only disrupts your company's schedule, it also wastes company cash.Plus, you have to deal with complying with the Americans with Disabilities Act (ADA), Family and Medical Leave
Practice

Corporate America Must Take Leadership in the New Economy

Guest Article, submitted by Werner ReisacherThere are as many opinions about the reasons behind the present economic crisis as there are personal interest groups. However, the factors leading up to the present economic situation go beyond opinions and personal interests. They are by far more complex and can be traced back to the 1990’s. During those years, cost reduction exercises were routine. The legacy software systems in place could not support these activities and provide the integrated solutions needed to improve productivity.
Practice Management

Ten Personal Board of Directors Insights

Reprinted with Permission from "The Goals Guy". A personal board provides both wisdom and support for the attainment of a specific purpose. Their objective is to help you cross the chasm from the known to the unknown. Consider the roles each person on your board will play. Consider having an entrepreneur along with a clarifier who asks clear questions, a connector who leads you to other people, a challenger who helps you act boldly, and a wise elder or sage.
Technology

AccountingWEB Find: Employment Screening Resource

Employment Screening Resource, is like having your own in-house screening specialists. ESR specializes in background screenings and is a Consumer Reporting Agency (CRA) and Human Resources consulting firm providing pre-employment screening reports to Employers, Human Resources and Security departments. ESR combines human resources, public records and legal expertise in providing your company with fast, accurate and cost-effective employment pre-screening. Employers have become painfully aware of the tremendous consequences of bad hiring decisions.
Practice Management

Changing Attitudes on Firm Flexibility

By Phyllis Weiss Haserot and Holly EnglishDespite the desire by many professionals at some time in their careers to have more flexibility in their working arrangements, particularly now that technology makes it so much easier, decision makers and even the candidates for flexibility themselves resist such arrangements.The deterrents to faster progress are perceived fears and uncalculated costs and benefits.
Practice Management

Five Ways Small Businesses Can Avoid Ethics Problems

Loren G. Carlson, founder and chairman of CEO Roundtable, LLC suggests five techniques CEOs of small businesses can use to avoid ethics problems.The five ways:Recognize there is no difference between "business ethics" and "personal ethics." There is no way to justify doing something in business that you would not do in personal life.Establish a corporate culture that rewards ethical decisions and practices.
Practice

Life as a CPA: Business Development

By, Melinda Guillemette, Marketing ConsultantAfter all the business development buzzwords and tactics (web sites, brochures, seminars, articles, speeches, coaching, motivating, compensating and on and on) have dulled to a whisper, a few simple things remain. It boils down to a few fundamentals to understand about life as a public accountant, and a few outcomes that will result. Here are ten everyday realities about being a professional in a CPA firm:Know that being a good accountant means a lot more than understanding the technicalities.
Practice Management

AICPA Task Force Issues Report Containing 14 Recommendations

The task force appointed in February to study the role and responsibilities of the governing Council of the American Institute of Certified Public Accountants has sent its report, containing 14 recommendations, directly to Council, the AICPA announced this week. "The Institute authorized us to undertake whatever actions and inquiries we thought appropriate to fulfill our assignment," said Timothy O’Brien of Colorado, who headed the seven-member task force. "Our mission was to evaluate how representatives are elected to Council and how Council conducts its activities.
A&A

Resource: Free Management and Operations Reports

Now it's easy to get the free special reports that have been used by over 100,000 managers all across the United States to improve their operations and stay on the right side of employment law. Below are just a few free downloadable reports you may access from Alexander Hamilton Institute, Inc. (AHI).
Practice Management

Don't Look Now, But Your Client's Problem is You

By Bruce L. Katcher, Ph.D. President of The Discovery GroupTHE PROBLEMSenior management in most organizations have no idea what their clients are really thinking. They are insulated from the problems clients experience at the front lines of their company. Making matters worse is that in the interest of cost efficiency, organizations are establishing systems which mechanize rather humanize the customer/client experience.
Community News

H&R Block to Set up Shop at a Wal-Mart Near You

The company that promises "Always low prices. Always," will soon be able to offer it's customers low cost tax preparation services while they shop.H&R Block Chairman Mark Ernst announced the latest developments on a distribution arrangement with Wal-Mart at Block's annual shareholder meeting this week.According to a company spokesperson, H&R Block will operate modular office units in over 850 Wal-Mart stores around the United States. The kiosks will accommodate up to three tax preparers at any one time.H&R Block also offers tax season preparation services at Sears, Roebuck & Co.
Practice

Introducing a New Service: Putting the Cart Before The Horse?

If you work for a firm that is contemplating offering a new service, consider using the expertise of your marketing director from the beginning. While a new service may seem like a good idea, you may not have the market for it. It’s also a good idea to have a clear strategy as to how to get the market it once the new service is in place, and this is where your marketing director’s knowledge will become invaluable.Don’t surprise your marketing director with the news of, "We’re introducing this new service.
Practice Management

FASB Addresses, Delays Stock Option Rule Setting

The Financial Accounting Standards Board met yesterday to address a myriad of complicated issues surrounding the expensing of stock options. The definitive decision reached at the end of the meeting: delay the issuance of rules by 6-9 months.FASB has been under pressure from a number of groups, including Congress, to define how companies should expense stock options granted to employees. The sticky point, everyone agrees, is honing in on an appropriate valuation method. The widely used Black-Scholes method has often been criticized as an imperfect tool to value options.

Pages


Already a member? log in here.