Practice Management news

Practice

Financial Outsourcing Services Seen Growing 8 Percent Annually Through 2017

Global spending on finance and accounting business process outsourcing (F&A BPO) services will exceed $25 billion in 2013 and rise at an annual compound growth rate of 8 percent through 2017, according to research by accounting firm KPMG and HfS Research.
Practice

Minimizing the Risk of Background Checks

Hiring is an expensive, time-consuming process – employers want to make sure they get it right the first time. For many employers, background checks represent a key tool in ensuring the people they hire are trustworthy and have the skills, experience, and education they claim to possess.
Practice

The Case for Mandatory Partner Retirement

Almost every firm that 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 transition issues surrounding those exits.
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.
Practice

Was Your Client Denied Business Credit?

If one of your clients recently applied for business credit and was rejected, he or she isn't alone. Learn five ways you can help a client whose business credit application was denied. A recent survey of banks and asset-based lenders found they had turned down more than a third of all businesses' applications for loans, according to Pepperdine University's 2013 Capital Markets Report.
Practice

Four Guaranteed New Year's Resolutions

When was the last time you came across something that guaranteed you 100 percent satisfaction or your money back? Okay, these types of offers are all around us, so let's drill down a bit to our profession. . . .
Practice

Help Clients Save Time and Money

Firm owners are always looking for ways to save time and money. So why not take those findings to your clients? In other words, teach your clients what you've learned so that they, in turn, can save time and money and pay you for your consultative advice.
Practice

Take Your Game to the Next Level – Get a Coach

What do you think of when you hear the word "coach?" For most of us, it brings up thoughts of athletics and someone who has coached a team that we have been a part of or maybe one that we follow as a fan.
Practice

Minimizing Employee Litigation through Arbitration Agreements

Employers can minimize many employee lawsuits and their fallout through arbitration agreements, where a neutral arbitrator hears the facts of the dispute and makes a binding ruling.
Practice

Workplace Safety, Disabled Employees, and the ADA

In order to ensure a safe workplace while fully complying with the ADA, employers need to understand their rights and responsibilities as well as the rights of job applicants and employees.
Practice

Survey: Fiscal Cliff Uncertainty Weighs on Business Owners

The uncertainty surrounding the "fiscal cliff" is directly impacting the strategic decisions of many US business owners, according to a new survey by Sageworks, a financial information company.
Practice

Business Etiquette When E-mailing Clients

Take great care in sending a client an e-mail: the subject line should be brief, the greeting professional, and the message succinct. Your e-mail signature leaves the last impression, so it should look as professional as your business card.

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