Practice news August 2013

Practice

What Gives the Next Generation an E.D.G.E.?

The implication to today’s senior leaders is clear: to be the best version of itself in the future, the firm must start today by understanding, nurturing and involving their next generation. The firms that get this right will be the benefactors of growth, sustainability and meaning.
Practice

Key Considerations When Buying a Firm

Thinking of buying a firm but not sure where to start? That question is being contemplated more and more every day with more mergers, acquisitions and consolidation taking place across the accounting and wealth management industry today.
Practice

When it Comes to Retirement: How Much Is Enough?

A recent study from the Employee Benefit Research Institute (EBRI) shows that people are not confident they will have enough saved for retirement. The March 2013 Retirement Confidence Survey revealed that 49 percent of those polled indicate they are "not very confident" or "not at all confident" they will have enough income in retirement.
Practice

Boomer Consulting, Inc. Announces Recipients of the Inaugural Bridging the Gap Awards

On August 29, Boomer Consulting, Inc. announced the recipients of the inaugural Bridging the Gap Awards. These awards recognize both firms and individuals in the accounting industry that excel in aligning technology, firm management, and talent development.
Practice

Louisiana CPA Society's Bean Counter Coffee Creates "Buzz" Around Events

In a state renowned for its cuisine, its "bon temps" attitude, and its ability to turn any gathering into a celebration, the Society of Louisiana CPAs was not about to take the idea of serving lackluster coffee to its members lying down.
Practice

Gifts That Keep on Giving: Choosing the Right Business Gift

Nearly all of us give business-related gifts from time to time. Maybe you need to thank an employee who has gone above and beyond, or maybe you need to thank a client. Whatever the reason, choosing just the right gift can be a challenge.
Practice

Long-term Customer Loyalty Pays Off

Have you ever wondered why almost every retailer has some variation of a customer loyalty program? Research studies have proven time and again that loyal clients spend more and provide free word-of-mouth advertising.
Practice

HR Corner Q&A: Can I Force a Sick Employee to Go Home?

Question: Can you force an employee to go home who is coughing, sneezing, hacking and has a runny nose? The employee is out of sick leave but has vacation leave available to use. The employee is exempt.
Practice

Loss Prevention for Accountants: Avoiding Malpractice, Litigation while Keeping Your Clients Happy

The accounting profession first became a lucrative target for plaintiffs' lawyers after the savings and loan industry collapsed in the mid-1980s, and little has changed since then.
Practice

A Peek Inside the 2013 'INSIDE Public Accounting' 100 Report

On August 5, the Platt Group LLC, publisher of 'INSIDE Public Accounting' (IPA), unveiled its twenty-third annual report of the nation's largest 100 firms.
Community News

Company Announcements: Week of August 19, 2013

Following is the latest roundup of community news for the week of August 19, 2013.
Practice

Stop Competing for New Business on Price Alone

Competition in the accounting industry is fierce, which can pressure some CPAs to compete for business using pricing alone. But many accountants realize this is a losing proposition.
Practice

Finding Skilled Professionals Remains a Challenge for Small Businesses

What's the greatest challenge for small business owners when it comes to hiring and managing staff? Sixty percent of business owners who were recently surveyed said finding skilled professionals is the biggest hurdle.
Community News

Company Announcements: Week of July 12, 2013

Following is the latest roundup of community news for the week of July 12, 2013.
Practice

Ethical Behavior Differs Among Generations

A new study shows that the ethical behavior of younger workers differs from that of older generations. Business leaders should strengthen their ethics and compliance programs to address these differences.
Practice

Emotion Is at the Heart of Winning New Clients

Developing an emotional connection with prospects is at the heart of convincing them to leave their existing accountant, more so than price or any other logical rationale.
Practice

Thanks to the Supreme Court: Narrower Definition of "Supervisor" Provides Opportunities for Employers

On June 24, 2013, the US Supreme Court narrowed the definition of who qualifies as a "supervisor" for the purposes of harassment cases. This holding is a significant win for employers.
Community News

Company Announcements: Week of August 5, 2013

Following is the latest roundup of community news for the week of August 5, 2013.
Practice

Business Cards That Work for You: Fifteen Tips

Mark Lee explains the importance of business cards, particularly for start-up practices. He highlights fifteen common business card mistakes and how you can avoid them.
Practice

Heart Smart: Firm's Giving Is Grassroots Employee Effort

For many accounting firms today, charitable giving is simply a daily part of doing business, as CPAs increasingly look to firm leadership to provide an outlet for their natural inclination to give back.

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