Practice news February 2009

Practice Management

President's budget calls for "significant" tax increases, makes stimulus cuts permanent

The President's budget plan which he sent to Congress on February 26 gives "a pretty good feel for where the Obama administration will try to go in terms of tax policy," said Clint Stretch, managing principal of tax policy at Deloitte Tax in Washington DC, speaking to the media on a conference call Thursday. The proposed budget calls for a "significant" tax increase on businesses, and higher taxes for individuals earning more that $250,000.
Practice Management

Video review: Best Practices for Running Your Accounting Practice

Steve McIntyre-Smith, the president and CEO of MFA Group, a consultancy that helps CPA firms grow their practices, has produced a video presentation designed to help accountants run an accounting practice successfully and productively. "Best practices for Running Your Accounting Practice" delves into more than a dozen areas in which accountants can improve their business and make their firm more valuable as they consider plans for eventual succession.The video is a taped broadcast of McIntyre-Smith making a live presentation to an audience of about 100 accountants.
Practice Management

Achieve economic sustainability from a workforce in transition

By Phyllis Weiss HaserotThis is the sixth in a series of regular columns by generational expert and internationally known consultant, coach, writer, and speaker Phyllis Weiss Haserot on intergenerational relations and navigating the challenges of the multi-generational workplace for better productivity, retention, succession planning, and business development results.
Practice

How dramatically will Gen Y change the workplace?

By Phyllis Weiss HaserotThis is the fifth in a series of regular columns by generational expert and internationally known consultant, coach, writer, and speaker Phyllis Weiss Haserot on intergenerational relations and navigating the challenges of the multi-generational workplace for better productivity, retention, succession planning, and business development results.
Practice Management

Operating and growing in a down economy

By Michelle Golden, President, Golden Marketing Inc.So far, CPA firms seem to be feeling limited impact from the economic downturn. Some firms are seeing a bump in "average days in A/R" as business clientele slow their payments due, in turn, to their dipping receipts. Other firms report the heartbreaking scenario of trying to assist vulnerable clients take measures to remain solvent—scaling back, if not ceasing, operations.

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