Practice news

Practice Management

The Ultimate CPA Practice Propulsion Machine -- Referral Systems

If you're a lawyer, CPA or business consultant, it’s a good bet that a large percentage of your new clients are coming from direct or indirect referrals. Most of you think of this as "word of mouth advertising."I’m also willing to bet that 99.9 percent of you out there have never given any thought to putting formal, aggressive and automatic referral systems in place.When I bring this up with clients I usually hear something like this:"I don’t need any help with referrals. All of my business comes from word of mouth right now.
Practice Management

Kick-Starting Business Development Efforts

In today’s dynamic environment, accounting firms must begin employing business development strategies. It’s hard to do and most accounting firms don’t have a clue as to where to begin the process. Small to mid-sized firms have primarily relied on referrals and networking to increase their business – or through acquisition. However, to stimulate true growth, savvy accounting firms have begun hiring business development specialists.
Technology

Data Security Isn’t Just a Big Business Issue

High profile data breaches at major corporations have largely eclipsed the fact that, according to a 2005 survey by the Small Business Technology Institute, 56 percent of small businesses have experienced one or more security incidents in the past 12 months.Advertisement
Practice Management

More Setbacks for H&R Block as it Launches New Bank

Within the last few months, H&R Block Inc., which is preparing to open H&R Block Bank in April, has been challenged in the courts on several fronts, admitted to mistakes on its own taxes, and acknowledged that it mailed out free software with the recipient’s Social Security number on the label.
A&A

New and Improved Web-Based Employee Scheduling Service

On of the most difficult tasks facing managers is employee scheduling. For managers who are frequently on the road or who attend to administrative tasks like scheduling at home, the challenges are compounded. Fortunately, Atlas Business Solutions, Inc.
A&A

Prevention Key to Disarming Threat of Workplace Violence

On March 21, dozens of law enforcement officials, workplace violence experts and Human Resource professionals, gathered for the Workplace Violence 101 conference held in Springfield, MO. From the Chief of Police who opened the event, to the keynote speaker, the leaders of the breakout sessions and the concerned participants, one theme emerged as the standard on which all corporations should focus: PREVENTION.The first step any corporation should take is to create a Workplace Violence Policy if it does not already exist, according to the experts in attendance.
Practice Management

Former Andersen Partners Testify in Trial of Lay and Skilling

John R.
Practice Management

CED Releases Recommendations for Improving Corporate Governance

The Committee for Economic Development (CED), a business-led public policy group, on Tuesday released a policy statement examining the state of corporate governance in the U.S.
Technology

More Small Businesses Using Payment Cards

Results of the Visa Second Annual Small Business Cash Management Survey, released Tuesday, reveal that small business owners are increasingly adopting and more satisfied with the use of business payment cards as a tool for managing their businesses.
Practice Management

Tax Court Rules C-Corp Is Not a Qualified Personal Service Corporation

When is an accounting firm not a qualified personal service corporation (QPSC)? According to Judge Holmes of the U.S.
Practice Management

The Good Guys Finish First

Institutional Investor has announced its picks for best U.S.
Technology

An Online View of the Microsoft Small Business Summit

Microsoft’s Small Business Summit got underway Tuesday. From the sounds of things, many people are attending the Summit in person. I am not one of them.
Community News

Accountability Begins With You!

The New Year is long over now; did you get that raise you were wanting? How about the promotion, new title or corner office? If you did, congratulations! If not, did you blame others for the lack of recognition, or did you look in the mirror? Too many people in life look to others for motivation, discipline and accountability. Are you this type of person? This year, try looking at doing things in a new way. This year, hold yourself accountable to higher standards than would normally be expected of you by others.
Practice Management

Taxprep Integrates with CCH Practice, Linking Client, Project, and Time & Billing Information

Taxprep, CCH’s flagship personal tax, corporate tax, and trust return preparation software in Canada, is now integrated with CCH Practice, the practice management component of the CCH Accountants’ Suite. This integration, announced last week, provides users with workflow and time and billing efficiencies that improve productivity, accuracy and profitability.Advertis
Practice Management

Whistleblowers or Lamplighters?

Snitch! Tattletale! Squealer!
Technology

Medicare’s New Accounting System Improving Agency Performance

The Centers for Medicare and Medicaid Services (CMS) have a new financial management system that has generated $9 million in interest for the Medicare trust fund in just seven months. Mark McClellan, CMS administrator told Government Health IT, the new system also allows for more accurate reimbursements and faster reporting.
Practice Management

PPC Expert Accounting & Auditing Guidance Available on RIA’s Checkpoint

On March 27, 2006, accounting firms can look to one platform for their research, guidance and workflow needs as PPC’s complete line of Accounting & Auditing guidance and e-Practice Aids become available on RIA’s Checkpoint ®. More than 90 PPC titles, including Guide to Public Company Audits, Guide to Audits of Small Businesses, Guide to Compilations and Review Engagements and the 1040 Deskbook will be integrated and linked with primary source material.“Customers tell us that the PPC engagement guidance and tools have become a critical part of their workflow.
Practice Management

Trends in the Accounting Workforce

The results of A Decade of Changes in the Accounting Profession: Workforce trends and Human Capital Practices, released in February, indicate that women are increasingly attaining leadership positions in public accounting firms and that both men and women are taking advantage of the alternative career paths offered by an increasing number of firms.
Practice

Crowe Chizek Among Best Places to Work in Northeast Indiana

Commitment to outstanding employment practices and support for staff has earned the Fort Wayne office of Crowe Chizek and Company LLC a Best Places to Work in Northeast Indiana Award from the Fort Wayne Business Journal and the Preston Joan Group.
Practice Management

Internal Review of Fannie Mae Cites “Attitude of Arrogance”

In a 1996 internal memo to Timothy Howard, Chief Financial Officer of Fannie Mae, Leanne Spencer, Vice President of Financial Reporting wrote, “What do I have up my sleeve to solve an earnings shortfall?” She adds in the same document, according to Bloomberg.com, “I recognize (and thought about it yesterday) that we might want to show the board $2.48. I made the decision that I wanted to show you the real answer and the let you decide if you wanted me to make any adjustment.

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