Practice news May 2009 | AccountingWEB

Practice news May 2009

Practice Management

Tools of the Trade: Plumbers have wrenches, Artists have paintbrushes, CPAs have titanium putters

Tax season is over and the golf course and warm weather are calling your name. But in this economy, can you really afford to take time off work? Business advisors have said that clients are out there, you will just have to work harder to get them. Doesn't that mean you should be beating the bushes instead of playing golf? Whatever you do, don't let Debbie Waitkus hear you say that.

Is a paperless office right for you?

Before jumping on the paperless bandwagon, you might want to think through the process and determine if this change is the change you need. Our sister site, BusinessZone, took a look at the benefits and costs of implementing a paperless office.The concept of the paperless office is great in theory, but perfection is difficult to achieve. Anticipated high initial costs and complicated operational and process changes might make going paperless seem unattainable and are probably enough to put most firms off.
Practice Management

Don’t be caught without workflow in your paperless system

Currently some workflow and document management systems are designed to function independently of one another, making it necessary to run several different applications to perform two tasks that go hand-in-hand. Is it possible for workflow and document management to coexist? Here are some details to consider when combining a workflow and document management system. Document management has many known benefits relating to reducing overhead, but is going paperless enough in an effort to save costs for the small office? Having access to electronic documents is not the only way to save money.
Practice Management

Deloitte study reveals tension regarding the use of social media in the workplace

According to the third annual Deloitte LLP Ethics & Workplace survey, 60 percent of business executives believe they have a right to know how employees portray themselves and their organizations in online social networks. However, employees disagree, as more than half (53 percent) say their social networking pages are not an employer's concern.

News from the Cloud: Cloud computing is high on Obama agenda

President Obama has high ambitions for cloud computing, as described in this wrap up from our sister site, BusinessCloud9.Details of several pilot programs aimed at delivering cost efficiencies have been outlined in Obama's 2010 budget request which will "utilize more fully and broadly departmental and agency architectures to identify enterprise-wide common services and solutions with a new emphasis on Cloud Computing."

Little books offer big help in the world of social networking

A book publishing company in Cupertino, CA has made a publishing genre out of the concept of social networking. With a smorgasbord of titles designed to help anyone who has a desire to get up to speed in this area, the folks at the company that calls itself Happy About are completely in touch with Web 2.0. Here is a sampling of their titles.

Social networking can really pay off

Facebook, MySpace and the like are hugely popular with millions of people around the world who use these sites to communicate with friends. But do these services offer real opportunities for entrepreneurs looking to grow a successful company? Dan Martin, editor of our sister site,, investigates the business benefits of social networking.

LinkedIn 101

Many feel that the serious side of social networking exists at LinkedIn and, in fact, the site has been referred to by many as a business networking site instead of a social networking site. According to Jason Alba, author of I'm On LinkedIn, Now What???, "LinkedIn is a Web service where you can find others who you should connect with, so that they can add value to you, or you can add value to them, or just because adding each other to your networks seems to make a lot of sense. So it is a tool to expand your network, allowing your network to grow wider or deeper."
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