Practice news

Practice

21 Work-life Balance Reminders for Tax Season

Tax season is upon us and the challenges of maintaining work-life balance become acute. With that in mind, here are twenty-one ways that professionals with work-life balance are different from others.
Education & Careers

Can the Philanthropic Ambitions of Baby Boomers Meet Those of Gen X and Y?

As professionals and executives become more senior, there’s often a desire or expectation that they will want to devote themselves to "good works" as a legacy.
Practice

AICPA Issues Practice Standards for CPAs on Personal Financial Planning Services

The American Institute of CPAs (AICPA) earlier this month released additional guidance, "Statement on Standards in Personal Financial Planning Services," that ensures the profession’s “rigorous code of professional conduct” applies to all CPA financial planners.
Practice

New Kid on the Block: The ‘MyRA’

A new type of retirement account, "MyRA," which President Obama proposed during his 2014 State of the Union address on January 28 and authorized the creation of yesterday, is intended to encourage retirement savings by workers who currently aren’t participating in an employer-sponsored retirement plan.
Practice

Could Accounting Firms Operate Without Job Titles?

I'd imagine having no job title makes it difficult to explain what you do at parties.
Practice

For CPAs, Workplace Wellness Programs Transcend the Fiscal Bottom Line

A recent study by RAND Corporation revealed that when it comes to workplace wellness programs, there may be a distinct difference in the type of programs that reduce costs and lower net savings. However, many accounting firm leaders say their workplace wellness programs do not have costs or savings in mind. Instead, they are designed to keep employees engaged, healthy, and happy.
Practice

Anyone Know of a Support Group for Graphophobic Accountants?

This morning, after I had my coffee, I got ready for a mind-clearing jog. After opening the door and feeling an arctic blast on my face, I quickly turned around and thought about another activity, writing.
Practice

Small Business Looks Like It's Resolving to Be More Optimistic in 2014

Many of you recently celebrated ringing in the New Year. Some of you did it by going out on the town, others by getting in their pajamas and curling up on the couch with a glass of your beverage of choice. It's a time for new resolutions, new loves, new babies, engagements, lifestyle changes, and getting a fresh start.
Practice

Bramwell’s Lunch Beat: The Merits of Mentoring

Here are “Bramwell’s Lunch Beat” menu items for January 23.
Practice

Does Your Accounting Firm *Really* Provide Client Service?

CPAs working in public practice tell me all the time..... "We are different!" They go on to relate how they do this different and how they do that different. They truly believe they are different.
Practice

Bramwell’s Lunch Beat: Honesty Is the Best Policy

Here are “Bramwell’s Lunch Beat” menu items for January 21.
Practice

Reciprocal Giving: EY Program Assists Startup Companies, Motivates Employees

Fifteen corporate volunteers recently spent seven weeks in Latin America helping local businesses as part of the EY Americas Corporate Responsibility Fellows program. The initiative helps global entrepreneurs expand employment, generate wealth, and inspire others to innovate in their communities.
Practice

Bramwell’s Lunch Beat: What’s With All of the Mergers in Cincinnati Lately?

Here are “Bramwell’s Lunch Beat” menu items for January 15.
Practice

Public Relations Should Be Kept in Your Firm’s Mix

Building relationships with the press should not be overlooked as a way for your firm to receive some great exposure and to help build its reputation within the business community.
Practice

Here Are Some Best Practices for Admitting New Partners to Your Accounting Firm

As we work through the succession and retirement of senior partners in our firms, a lot of us are also reviewing and updating our internal documents and agreements. A key part of the update should be focused around how we bring new partners into the firm to replace the “old guys."
Practice

CFO Survey: Workers Taking on More Health Care Costs

A recent survey of nearly 100 US financial executives by Deloitte LLP found that 42 percent of respondents pointed to the Affordable Care Act as the reason they had to pass further health care costs on to their employees during the fourth quarter of 2013 – and 63 percent are planning to do so this year.
Practice

Three Attainable PR Goals Accounting Firms Can Set for 2014

Based on my history of breaking them moments after I've set them, I'm not a big proponent of setting New Year's resolutions.
Practice

CliftonLarsonAllen Acquires Mortgage Consulting Firm

Minneapolis-based national CPA and consulting firm CliftonLarsonAllen LLP has bought Bankers Advisory Inc., a Belmont, Massachusetts-based consulting firm focused on helping US mortgage companies with regulatory compliance and quality control.
Practice

Rethinking Your Firm's Sick Days Policy

It’s the time of year where everyone is sick. It’s not unlikely you’re reading this to the sounds of coughing fits and sneezing attacks in the background. It’s also a time you might be reconsidering your firm’s sick day policy heading into 2014.
Practice

The Ordeal: Year-end Partner Comp - Slicing the Pie

There's no exact one way to do CPA firm partner compensation – it has to align with the desires and needs of the actual owners and the size of the firm and number of partners.

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