Practice news January 2007

Practice Management

Five Easy Tips to Bolster Your Happiness Quotient at Work

Is everybody happy? Are employees enthusiastic, with high productivity and performance or are they costing the business money in turnover or health care costs? Are customers satisfied with the service and showing their appreciation with referrals? Most businesses are ignoring the real impact of happiness in business, despite mounting evidence that proves its importance at work. "Stories on the relationship between workplace happiness and employee productivity have made the cover of The Economist and have been featured in The New York Times Magazine and The Wall Street Journal.
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Education & Careers

What Ails Corporate America?

For millions of workers who are no longer satisfied with their current jobs and are looking for new positions, the 2007 employment market will be full of opportunities.
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A&A

Survey: High Energy Costs Impact Margins

Managers at production and manufacturing companies responded on the impact of high, volatile energy costs in Industry Direction's second annual study, The Energy Cost Factor: Transforming the Supply Chain to Offset Margin Squeeze. Responses from 139 respondents from a wide range of industrial companies were recorded."This year's findings are significant because they demonstrate that companies are not simply bearing the brunt of high energy costs in the most obvious areas of the supply chain,'" said William Brandel, Principal at Industry Directions.
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Practice Management

Job Prospects Lucrative for 2007 Accounting Grads

College seniors can look forward to the best job market in years, with employers planning to hire 17-percent more graduates from the class of 2007 than they did from last year's class.The National Association of Colleges and Employers said in its Job Outlook 2007 survey that more than half the employers surveyed said they planned to increase hiring, with only five-percent planning a decrease, the Wall Street Journal reported. The association predicted this year would be the best job market since 2000-2001.Deloitte & Touche is contributing to the recruiting push in a big way.
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Community News

A Conversation With Allan Boress: Impact Your Revenues Right Now

Here’s an idea that has generated increases of 12 percent to 23 percent in revenues for over 50 client firms that have employed it: “It’s payback time.”Advertisement
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Practice Management

A Conversation With Barry Goldwater: Growing Your Practice

To define wealth management, one has to look as far as his or her financial discipline. To an investment advisor, it may mean growing assets. To an insurance advisor, it may mean tax-efficient estate preservation and to an accountant, it may mean the best way to sell a business to minimize taxes. One definition that I personally like is taken from the book “Accountants as Wealth Managers.” The authors define wealth management as the blending of core accounting services, plus investment management, plus advanced planning insurance solutions.
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Practice Management

Customer Service Tops 2007 Priority List

Anyone who has ever held the phone and listened to a recorded message, over and over -- "Your call is important to us, but all our operators are busy helping other customers," -- understands that customers want service and it tops the confidence and loyalty polls as Web 2.0 consumers force businesses to focus their attention on improvement in 2007. "Consumer polls in 2006 pointed to customer service as a critical reason for selecting one business over another business," said Ian Skawinski of White Hat Marketing.
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Practice Management

Are You a Great Leader?

The business community is awash in books, manuals and courses on what it takes to be a great leader. So why do you need another one? Consider the source: Ram Charan, coauthor of Execution: The Discipline of Getting Things Done and author of What the CEO Wants You to Know. One of the world's most influential business advisors, Charan has lent his expertise to such corporations as Verizon, General Electric, DuPont and KLM.
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Practice Management

It's Not How Good You Are, It's How Much You Want It

To start the New Year off on the right foot, take a look at what David Maister wrote about careers, firms and "wanting it." Advertisement
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Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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This Week on AccountingWEB

CPAs Mira Finé, Scott Hitchcock, Rob Keasal, Kathy Scorcio, and Ken Travis offer ten pieces of financial advice for the newest Powerball winner.
Hang Bower of BDO USA and Dan Black of Ernst & Young share their perspectives on why their firms made the Best Places to Work for Recent Grads 2013 list.
Herbein + Company, Inc. firm members talked with AccountingWEB about their year-round employee wellness program.
Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
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