Practice news June 2010

Practice

Small businesses add 18,000 new jobs in June

Small business employment grew by 0.09 percent in June, equating to a 1.1 percent annual growth rate, according to the Small Business Employment Index by Intuit Inc. The growth in percentage of small business employment translates to approximately 18,000 new jobs in June.
Technology

Social media under the microscope

Has social media run amok, converting our personal information into a commodity?
Practice Development

After a recession: The time to find niches and opportunities

The period after a recession is not only a time for licking wounds. It is a time for tracking down new business niches and opportunities.
Practice

Social media: How CPA firms can use Google Insight

There are many forms of social media a CPA firm can use other than Twitter or Facebook. Google Insight is one that oftentimes goes unmentioned, yet it is practical and enlightening because it reinforces traditional and easy-to-understand marketing tactics.
Technology

Intuit uses social media during service outage

Routine maintenance exposed a hole in Intuit's online infrastructure last week. According to the company, an accidental power failure took down both primary and backup systems, which, in turn, caused disruptions to several Web sites and online services.
Practice Management

People management: What managers can learn from The Beatles

Determining whether your staff is a team or a group is an important distinction to make. For example, I'd claim the Beatles weren’t a pop group. Before you lynch me for pop blasphemy, the difference is this: John, Paul, George, and Ringo weren’t a group – they were a team.
Technology

Technology motivates younger generation

Prospective employers looking to recruit students need to be aware of their technology preferences and provide the tools and equipment they are accustomed to using in their personal lives, according to a study by Accenture.
Practice Management

Multi-generational networking

Networking and dealing with people of different generations from our own is similar to the recipe for any kind of successful networking with a few twists.
Practice Development

Firms failing to recruit, engage, retain Generation Y

Members of Generation Y are our leaders of the future. But a clash in attitudes and outlook between older age groups and this upcoming generation has created a divide in the workplace, making it difficult for organizations to connect with, inspire, and motivate younger workers.
A&A

AICPA national MAP survey is underway

The AICPA Private Companies Practice Section, in partnership with the Texas Society of CPAs, is gathering data for its much-anticipated benchmarking survey, which enables firms to compare management policies and financial results against other firms.
Practice Management

Employees working off-site becoming more attractive to employers

A growing number of employees are working from home, either on a full-time or part-time basis, an arrangement that can have significant advantages for employers.
Practice Management

3-D approach to firm growth

When we apply a 3D approach to firm growth, we can see a transformative impact on the firm’s culture and performance. Growth starts with the understanding of the direct correlation between the state of the people and firm outcomes.
Practice

Pay freeze continues for majority of finance execs

Reflective of the past year’s economic woes, a majority of financial professionals still are not receiving salary increases, according to a recent survey conducted by Financial Executives Research Foundation.
A&A

Madoff whistleblower to speak at MNCPA conference

The lineup of keynote speakers at the Minnesota Society of Certified Public Accountants’ Management & Business Advisers Conference includes a Bernie Madoff whistleblower, a former Medtronic CEO, and the subject of a major Hollywood motion picture.
Practice

Most executives remain confident about business growth

Six percent of chief financial officers said they plan to hire full-time accounting and finance employees during the third quarter of 2010, while 9 percent anticipate staff reductions. Despite those numbers, CFOs remain optimistic about the outlook for their businesses.
Practice Management

Employees want day off to demonstrate on immigration! What should I do?

With the recent passage in Arizona of a controversial immigration-related state law, and indications from the Obama administration and Congress that immigration reform legislation will be put on the fast-track, we might soon be seeing more immigrants’ rights demonstrations.
Practice Management

Managers can become better leaders by becoming better listeners

If you’re like me, then you trained as an accountant and had no formal training in leadership or running a firm. It is important to realize that not all of these skills come instinctively and sometimes we need help in developing them.
Technology

Tips for choosing the right document management supplier

Many organizations are turning to electronic document management systems to gain a competitive advantage. Document management enables organizations to electronically store, retrieve, manage, deliver, and authorize business documents.
Practice Development

The Virtual CFO: Using payments/banking technology to increase value

Business owners need more help than ever to manage cash flow and budget expenses – and 68 percent say they are looking to their accounting and financial partners to provide this help, according to a SunTrust survey.

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