Practice news

Community News

Company Announcements: Week of December 17, 2012

Following is the latest roundup of community news for the week of December 17, 2012.
Practice

"Trust but Verify" Creditworthiness

All too often, companies trust that a potential business partner is creditworthy with very little evidence to support the assumption. CPAs can advise their clients on how to evaluate potential business partners, further instilling their role as trusted business advisors.
Practice

The Client Assessment Opportunity

Adding a client assessment as a required short-term project for every new client – before agreeing to a long-term engagement – can provide countless benefits for you and the client. It can also help you uncover any unfortunate surprises early on.
Practice

Making the Case for Value Pricing

Are you really getting paid for what you do? The debate between billable hours vs. value pricing has heated up in the accounting profession over the past few years, especially as technology continues to increase efficiency.
Community News

Baker Tilly Extends Outreach Efforts to Students in Need

Each weekday at around 9:00 a.m., a minivan from Cristo Rey Jesuit High School pulls up to the Minneapolis offices of accounting and advisory firm Baker Tilly.
Community News

Ernst & Young Receives Workplace Recognition

This November, Ernst & Young became the first and only Big Four accounting firm, and only large professional services firm, to be named one of the World's Best Multinational Workplaces by Great Place to Work® Institute.
Community News

Company Announcements: Week of December 10, 2012

Following is the latest roundup of community news for the week of December 10, 2012.
Community News

Company Announcements: Week of December 3, 2012

Following is the latest roundup of community news for the week of December 3, 2012.
Practice

Management Essentials: The Partner Compensation Checklist

A constant topic of conversation is the age-old question of how to determine partner compensation. Every firm is a little bit different, but the issues surrounding how you split the pie are pretty consistent.
Practice

How Baker Tilly Successfully Approached Social Media

Baker Tilly tailors accounting and advisory services to more than ten industries, so when the time came to develop its approach to social media, it was clear that a one-size-fits-all strategy wouldn't work.
Practice

Recruiting Top Talent Where They "Live"

If you're looking to recruit anyone with a sense of adventure or fun, especially Gen Xers/Yers, the best thing you can do is highlight the personal (read: non-accounting) side of your firm and do it where they "live."
Practice

Grow Your Business with a New Focus on Healthcare

Most CPAs and wealth management providers would love to find a way to grow their businesses in a sustainable manner. One solution we don’t often think about is right in front of our noses – especially now, as cold and flu season has arrived.
Practice

Five Tips to Ensure Success During this Busy Season

Ever wonder what separates the most successful CPAs and financial advisors from the pack? Many industry-leading firms attribute their success to their ability to get the most out of year-end planning meetings and tax-season meetings with their clients.
Practice

How My Financial Plan Saved My Life

Personal financial planning is nothing less than taking total personal responsibility for one’s life and to make and honor important promises to the people one loves. 1st Global Chairman and CEO Tony Batman shares how, during an epic battle against Stage 3 cancer, having a complete financial plan in place helped save his life.
Practice

Sell the Dream, Not the Data

It's easy to see the power of emotion in purchases like cars and jewelry. But in the tax and accounting world, purchasing decisions are made based on hard numbers and data, not emotion. Right? Not necessarily.
Practice

Do Your Partner Agreements Include These Six Key Provisions?

I continue to be amazed at the number of firms that have no partner agreements at all or haven't made revisions in many years. Remember, their primary purpose is to protect the firm and define the relationship between the firm and each partner.
Community News

Company Announcements: Week of November 26, 2012

Following is the latest roundup of community news for the week of November 26, 2012.
Practice

Market Your Firm by Improving Your Website

An accountant's website must be more than a glorified business brochure. Ongoing improvements to a website will keep it fresh for new prospects and continually interesting for existing clients.
Community News

Company Announcements: Week of November 19, 2012

Following is the latest roundup of community news for the week of November 19, 2012.
Practice

Survey: Midmarket Execs Weigh In on Entrepreneurialism

Despite challenges, such as a weak economy and tax and regulatory challenges, 35 percent of companies have become more entrepreneurial, benefiting from greater productivity and profit margins.

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Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
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