Practice news April 2012

Practice Development

Management Essentials: Five Merger Tips to Help You Seal the Deal

Having completed five mergers while the managing partner of my firm, I learned many lessons along the way and have some of the scars to prove it. Regardless of whether you're the buyer or the seller, here are a few tips that will help you find and seal the right deal.
Practice Management

Accountemps Survey: Lack of Communication Is Top Management Mistake

The most common mistake management makes is easy to remedy: Don't keep employees in the dark. In a recent Accountemps survey, 41 percent of CFOs interviewed said the lack of communication is the top mistake companies make in managing their teams.
Practice

New Technology That Sharpens the Ability to Read Nonverbal Cues

A Herman Group Trend Alert reported that the Massachusetts Institute of Technology (MIT) Media Lab has developed special glasses that use a built-in camera linked to software to analyze the facial micro-expressions of a person who is talking directly to another person.
AccountingWEB Life

Wishing for an Assistant?

Managing a small accounting practice - or any small business - has its ups and downs. Sure, you can select your colleagues, your clients, your phone and computer equipment, collateral, and even your holidays. But that also leaves you in charge of HR, IT, and marketing on top of serving - and finding - your clients.
Practice

Aligning Client Service with Client Experience

Tax season is once again behind us. In the months ahead, your calendar will continue to fill up with appointments that resulted from the client needs you uncovered during the first part of the year. Now is a good time to think about client service – how efficiently and effectively you deal with your clients’ needs, and how your clients perceive your value in their lives.
Practice

Job Outlook for Bachelor's Degree Students Looks Bleak

A weak labor market has left half of college students (age twenty-five or younger) who graduated with a bachelor's degree either jobless or "underemployed" ? a troubling statistic.
Tax

New Survey of Workplace Ethics Shows Surprising Results

Findings from a survey of ethics in the workplace may portend a future downward shift in business ethics. The percentage of companies with a weak ethical culture is on the rise, as is the number of employees who experienced retaliation for blowing the whistle on observed misconduct.
Practice

Carmichael Named AICPA Senior VP for Strategy, People, and Innovation

The AICPA has named Lawson Carmichael as senior vice president for strategy, people, and innovation. In this role, Carmichael will lead the AICPA's strategic planning activities and oversee the Human Resources and Office of Strategy Management team.
Technology

AICPA Survey: Technology Has Made It Easier to Spend, Not Save

All those songs, games, apps, mobile connections, and movie downloads are taking a toll on Americans' wallets, with more than half of US adults saying technology has made it easier to spend money and only 3 percent saying it has made it easier to save, according to a survey conducted for the AICPA.
Practice Development

Top Six Pitfalls of Starting Your Own Accounting Firm

If you've been in the business for a few years, and you've established your position in tax preparation or financial advising, you may be getting the itch to start your own firm. Owning your own accounting firm can be an incredibly rewarding experience with an impressive side of perks.
Education & Careers

CCH Names Mackintosh Executive Vice President & General Manager of Tax

CCH, a Wolters Kluwer business announced on April 16, 2012, that Teresa Mackintosh has been named Executive Vice President & General Manager of Tax, effective immediately.
Practice

Fun during Busy Season Can Lead to More Productive Staff

Just because accountants are logging eighty-five hours a week doesn't mean they should be deprived of a break once in a while. In fact, allowing yourself - or your staff - to take breaks can lead to more productivity. The staff at TravisWolff believes so much in this concept that they formed a "Fun Committee."
Practice Management

Cloud Computing Versus Software as a Service

As our world becomes more and more connected, the terms used to describe online services blur into abstraction. In this article, I'll clarify the terms "cloud computing" versus "software as a service," often referred to as SaaS.
Practice Development

Top Ten Ways to Take a Consultative Approach to Client Meetings

When meeting with clients, accountants may be most comfortable getting down to business by crunching numbers and going through reports. This approach may seem logical, but it's not always the best approach for relationship building.
Practice

Employers, Employees, and Even Society Benefit from Office Wellness Programs

Research shows that wellness programs are becoming more prevalent in the workplace, and for good reason. They offer benefits to employers and employees alike – it’s a win-win. Many studies and surveys attest to the value of wellness programs, including to society as a whole.
Practice Development

The JOBS Act: Economic Solution or Investor Nightmare?

In an effort to jump-start the US economy and create more jobs, both the House and Senate passed the Jumpstart Our Business Startups (JOBS) Act, and President Obama signed the act into law April 8, 2012.
Practice Management

New Survey Looks at Greatest Barriers to Innovation

The biggest roadblocks to organizational breakthroughs are a shortage of fresh thinking and too much red tape, according to a recent Robert Half survey. Survey results are based on interviews with more than 1,400 CFOs from a stratified random sample of US companies with twenty or more employees.
Practice

No More Bad Bookkeeping

What would it be like to receive clean and concise financial data from your clients? Wayne Zielke, CA, founder of LedgersOnline, assembled a team of financial and technology gurus to create online and accounting bookkeeping services to assist small and medium-sized businesses.
Practice

EEOC and Courts Begin to Weigh in on Amended ADA Standards

Striking the balance between the need to hire qualified employees and the need to avoid disability discrimination claims has become even more challenging since changes to the Americans with Disabilities Act (ADA) went into effect in 2009.
A&A

Update: Obama Signs JOBS Act: What's in It for You?

The Jumpstart Our Business Startups (JOBS) Act has been touted as the latest attempt to revive and stimulate the economy, with its key element focused on applying a concept called crowdfunding to small businesses.

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