Practice news

Practice

White Paper Overview: Old Dogs & New Tricks

People have always been willing to change in order to improve the future. Consequently, old dogs can learn new tricks as they find more effective ways to adapt and leverage new technology, methods, processes, ideas, and social networks that help them improve the return on the investment they make in human capital. But can they create new tricks?According to Ron Baker, author of the white paper “Old Dogs Can’t Create New Tricks,” it’s not likely. Basically, what he means is that the older we get the less likely we are to create a ground breaking innovation.
Community News

PKF Texas Airs Best Practice Tips on BusinessMakers Radio Show

The Entrepreneur’s Playbook, a new radio series from Pannell Kerr Forster of Texas P.C. (PKF Texas), airs Saturdays during the BusinessMakers Radio Show on FM News Channel 97.5. Gregory Price, Director of Consulting Services, has been invited to be the voice of PKF Texas’ Entrepreneur’s Playbook, which will offer best practice tips, trends and insights on topics such as blogs, human capital, profit enhancement and cash management.The BusinessMakers™ Radio Show is a two hour weekend radio talk show passionately focused on free enterprise and entrepreneurialism.
Practice Management

Six Ways to Avoid the Summer Sales Slowdown

"You hear people say it all the time: business is just slow in the summer," says Steve Johnson, co-author of Selling Is Everyone's Business: What It Takes to Create a Great Salesperson (Wiley, 2006, ISBN: 0-471-77673-4, $24.95). "For many sales organizations, it seems acceptable to slack off, to cut corners, to put off making the tough calls because 'everyone's on vacation' or 'no one's in the mood to make big decisions.' Well, naturally if you expect business to be slow, it will be slow."So how can you keep your sales force from falling prey to the self-fulfilling slow summer prophecy?
Practice Management

Travel expense management systems can save time, money

Automated expense management offers real advantages to employees and management, ranging from significant cost savings to companies on travel expense processing to reducing the time it takes for an employee to fill out a spreadsheet expense report or a paper report. The technology is also designed to detect fraud and to document approval processes, which appeals to financial managers focused on Sarbanes-Oxley (SOX) compliance.
Practice

Professional Accounting Societies Applaud COSO Small Business Guidance

The American Institute of Certified Public Accountants (AICPA) and the Institute of Management Accountants have both affirmed support for new guidance for smaller public companies released during a webcast on July 11 by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
Practice Management

Daimler Plan to Outsource Accounting Sparks Opposition

DaimlerChrysler may outsource some of its accounting work to countries that pay lower wages, German media sources reported.According to the company’s works council, the German-U.S. car manufacturer is considering the Czech Republic and India for some of the company's accounting work. The works council opposes the outsourcing plan and has threatened a veto. "We are saying without a balance of interest this simply won't fly," said Erich Klemm, head of the council, according to a report in Monday’s Stuttgarter Zeitung.
Practice Management

A Conversation about the Price of Success with Paul Sharman

It started with a simple question: What is an accountant? Fortunately, my conversation with Paul Sharman, President and CEO of the Institute of Management Accountants (IMA), didn’t end there. Instead, it evolved into a discussion of the image of accountants and the future of accounting as a career in the U.S. and around the world. Sharman has established an entirely new direction for the IMA since being asked to manage the association’s operations.
Practice Management

Top CMA and CFM Performers Announced

The Institute of Certified Management Accountants (ICMA), the certification division of the Institute of Management Accountants (IMA), on Wednesday announced the top scoring performers for the Certified Management Accountant (CMA) and Certified Financial Manager (CFM) examinations for the Winter 2006 period.
Practice Management

Security Alert: Microsoft Warns of Excel Zero-day Vulnerability

Microsoft posted a warning on Friday stating that a previously unknown flaw in Excel is being exploited by opening a malicious Excel document. The vulnerability is considered extremely critical because, according to a prepared statement from Secure Elements, it is locally and remotely exploitable by Trojan.Mdropper.J, which drops Downloader.Booli.A on the affected system.
Practice

Mark Your Calendar: 8 Critical Questions Webconference

1st Global is sharing the eight critical questions tax practitioners need to answer about their practice and wealth management in an hour-long webconference on Wednesday, June 21, beginning at 10:30 a.m. Central Time.
Practice Management

AICPA Announces FlexWise to Help Members with Flexible Work Arrangements

Leslie Murphy, chair of the American Institute of Certified Public Accountants (AICPA), formally announced the FlexWise program during her presentation Monday at the Institute’s Practitioners Symposium in Las Vegas.As employers across the country deal with retention issues, more and more are turning to flexible work arrangements to keep talented employees.
Practice Management

Cross-Border Dispute? Think Arbitration and Boost the Bottom-Line

A recent PricewaterhouseCoopers (PwC) study indicates that 73 percent of in-house counsels worldwide, prefer using international arbitration to resolve cross-border disputes rather than transnational litigation.
Community News

Newkirk Announces New Tax Law Explanation Booklet for Clients; Prospects

“Congress has passed a tax law – TIPRA – that affects the alternative minimum tax, as well as the tax treatment of capital gains and dividends,” Peter Newkirk, President of Newkirk, a nationally known provider of communications for Certified Public Accountants (CPAs) and Certified Financial Planners (CFPs), said in a prepared statement. “Moreover,” Newkirk continued, “Congress is not through legislating. There’s a so-called ‘trailer’ bill being considered, which contains extensions for many popular tax provisions.
Practice Management

Mark Your Calendar: PCPS Debuts New Practice Management Forum

The Private Company Practice Section (PCPS) of the American Institutes of Certified Public Accountants (AICPA) is debuting a new series of online practice management forums with How to Identify and Manage Your Firm’s Key Profitability Drivers featuring Jeffery Pawlow, CEO of The Growth Partnership, on Wednesday, June 7, 2006, from 2 p.m. to 3 p.m. Eastern time.
Practice Management

Number of Female Accountants Increasing

Women now make up more than 60 percent of all accountants and auditors in the United States, according to the Clarion-Ledger. That is an estimated 843,000 women in the accounting and auditing work force. Although recent educational metrics have shown that girls in school seem to lose interest in math and science, according to Education Secretary Margaret Spellings, women are flocking to the accounting profession.
A&A

Quality of Life Tips Relocation Scales

Successfully recruiting top executives from another city or region of the country requires more than just a great job offer. According to a recent survey by Robert Half, 31 percent of chief financial officers say that the quality of life in a new city would influence their decision to relocate for a job opportunity.
Practice Management

Mark Your Calendar: Great Place to Work Workshops

The Human Capital Institute (HCI), a global professional association and educator in talent management strategies, is joining one of the largest recruitment advertising agencies in North America, TMP Worldwide Advertising & Communications, in offering a new workshop called “Leadership in Action: Your Role in creating a Great Workplace”. The half day executive seminar will be presented by Hal Adler of the Great Place to Work Institute, along with Dr.
Practice Management

An Inside Look at Sikich LLP

A conservative sounding expansion strategy is creating some non-conservatively dramatic growth for Aurora, Ill.-based Sikich.Advertisement
Practice Management

Crowe Launches Crowe Foundation, Completes Combination of Practices

The Crowe Group LLP has launched the Crowe Foundation which will provide grants to nonprofit organizations while also creating opportunities for Crowe personnel to develop leadership skills in the communities where they live, work and volunteer.
Practice Management

More Resources Needed to Address Corporate Tax Risks

Corporate tax departments appear to need additional resources to effectively address tax risks in today’s highly regulated environment, according to results from a recent survey by Tax Executives Institute (TEI) and KPMG LLP. “Tax has been a source of material weaknesses as reported under Sarbanes-Oxley 404,” Brad Brown, KPMG’s national Tax leader for Sarbanes-Oxley Section 404, said in a prepared statement announcing the results.

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