Practice news July 2012

Practice

Looking to Sell Your Firm? Merge Instead.

You're at the point where you don't want to stop working, but you know you can no longer run your firm for years to come. Should you sell the firm?
Practice

Employee Benefits When Times Are Tough

Heath care continues to grow increasingly expensive. So does the rent. So do the coffee and creamer you offer your staff. While some of these may only seem like pennies, pennies add up after a while.
Practice

Improve Upside-Down Reporting Relationships

A workplace reporting relationship that used to be fairly rare is older workers reporting to younger managers. This is a growing phenomenon and will become more prevalent, at least until boomers stop working.
Practice

Be the Firm across the Street: We Fix $6 Haircuts

Figure out a way to change the game and compete on your terms. reinforce your core positioning, and force your competitors to react to you.
Practice

Tips for Improving Your Website

This is part one of four of a "Marketing Your Practice" series. Websites, which initially served as "glorified business brochures," are no longer acceptable as such. Today, visitors and clients expect much more.
Practice

Improve Collaboration with These Three Tips

Why is it often so hard to collaborate? Especially given the fact that nearly every project in today’s professional services firm requires an element of collaboration.
Practice

Juice Up Your Partner Goal-Setting Process

If done well, setting partner goals will raise the bar for each partner, which in turn will raise the bar for the firm.
Practice

CFP Board's Bulletproof Investment Strategy

CFP Board's consumer advocate Eleanor Blayney offers tips on how consumers can reclaim their long-term financial security by following a smart, pragmatic approach to investing.
Practice

Firms Merge to Form Whaley Hammonds Tomasello, P.C.

Two Georgia firms - Tomasello, Plageman & Associates, LLC and Robinson, Whaley, Hammonds & Allison, P.C. - have merged to become Whaley Hammonds Tomasello, P.C., with a staff of thirty-two professionals.
A&A

Personal Financial Plans: Saving for the Future

The 2012 Household Financial Planning Survey shows that those who have prepared a personal financial plan feel more confident and report more success managing their money, savings, and investments than those who haven’t.
Practice

More CFOs 'Unplugging' while on Vacation

Good news! A significant number (51 percent) of CFOs will leave the office completely behind during their summer vacations, up from 26 percent in 2010.
Practice

Merger Brings More Resources to Napa Valley

Moss Adams LLP, an accounting and business consulting firm with expertise in the wine industry, is combining with Rabanal & Smith LLP, an accounting firm with a long history in the Napa Valley.
Practice

Ninety-One Nonprofits Compete to Win $25,000

Blackman Kallick Plante Moran launched an online contest ‒ Chicago Community Champions ‒ to help Chicago-area not-for-profit organizations raise their visibility and compete for a $25,000 award.
Community News

Company Announcements: Week of July 23, 2012

Following is the latest roundup of accounting community news for the week of July 23, 2012.
Practice

The Elevator Speech

An elevator speech is a description of your business that you can rattle off in thirty seconds or less. It should capture attention quickly, be memorable, and leave your audience open to asking for more information.
Practice

Mixed Reviews for Employee Performance Reviews

How useful are performance reviews? It depends on who you ask. A recent survey conducted by Accountemps reveals some interesting results.
Practice

Are Defined-Benefit Retirement Plans Better for Small Businesses?

While small business owners typically use defined-contribution plans with an elective deferral feature to provide retirement benefits to employees, defined-benefit plans may be ideal for small-business owners over 50 who are interested in saving a substantial amount of money for retirement in a short time period.
Practice

Five Relationship Marketing Strategies that Work

What do fly-fishing clubs, the FBI and thought-provoking riddles have to do with your business? Each can provide a platform to market your services to new and existing clients.
Practice

Focus on the Four Stages of Wealth to Reach Full Potential

Now more than ever, clients approaching the retirement red-zone want to consolidate their financial services with a single trusted advisor. They want a firm that has the ability to craft solutions for a wide spectrum of financial planning and tax issues.
Practice

Interruptions Are Productivity Killers

The sooner we recognize that our interruption-based society is here to stay, the sooner we can embrace and securely put into place measures that ensure we can be at our best for today and for the long run.

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