Practice news

Practice

GM Restructures Controller’s Office; Hires Outside Financial Advisor

General Motors (GM) announced last week that it will combine the positions of Corporate Controller and Chief Accounting Officer as part of a restructuring of the Corporate Controller’s office. The company’s current controller, Paul W. Schmidt, will retire later in the year. Peter Bible, chief accounting officer, will resign effective June 1st but will assist the company during the transition to the new structure.
Practice

Mark Your Calendar: Building a High Commitment/Performance Company Webcast

Great chief executive officers (CEOs) strive to build high commitment, high performance companies. Few companies, however, are able to do it and fewer are able to sustain.
A&A

Hartford Introduces Professional Liability Insurance for Private Accounting Firms

Accounting firms with up to 50 accounting professionals on staff can now look to the Hartford Financial Services Group, Inc. for their professional liability protection as well as their general business insurance needs and financial services products. The Accountants Professional Liability product provides coverage for certified public accountants and other accounting professionals, including public accountants, enrolled agents, tax preparers and bookkeepers.
Practice

A Conversation with... Ron Baker

Ron Baker, the driving force behind the accounting profession’s migration to value pricing, in which rates are based on the value that clients perceive they receive, has raised the level of his argument for this dramatic shift in how accountants think.Baker became an accounting profession celebrity of sorts and a coveted public speaker in 1998 with the publication of his first book, “The Professional's Guide To Value Pricing,” which postulates that accountants and other business services professionals create value for their clients and that is what they should price for, as opposed to
Practice Management

Survey Reveals Alarming Contract Management Practices

A new AberdeenGroup analyst report reveals some alarming practices in global business today. The report The Contract Management Benchmark Report: Sales Contracts reveals that 85 percent of responding companies are using manual or only partially automated systems to manage sales contracts and 32 percent of customer contracts are not tracked, improperly serviced or forgotten entirely.
Education & Careers

Accounting and Finance Workers Show More Confidence in April

Worker confidence among accounting and finance professionals increased 2.0 points, to 110.8, during April, according to the Hudson Employment Index. This reading is significantly higher than last April’s 103.7 level.
Practice Management

CMA Exam Content Is Relevant to Profession

The findings of a recent Job Analysis Survey conducted by the Institute of Certified Management Accountants (ICMA), confirms that the content of the Certified Management Accountant (CMA) exam continues to be relevant to the on-the-job knowledge and skills performed by management accountants.
Practice Management

Why Should I Follow You? The Latest Podcast from David Maister

The fifth and latest installment of David Maister’s 15-part podcast series Managing Professionals: Attitudes, Skills and Behaviors explores the characteristics good leaders need in order to inspire others to follow them.
Practice

Internal Communication in the Electronic Age

After three months or more of busy season, after picking up 20 voice mail messages every morning and attempting to clear out the pile of unread messages in email boxes that may or may not be spam, managers and employees in most accounting firms are looking to reconnect personally, to talk about results, goals for the coming year and the roles they will play in accomplishing these goals.Adve
A&A

Effective Strategies for Employee Satisfaction Programs

Employee satisfaction is the result of organizational strategies that utilize both tangible and non-tangible benefits, according to a recent Business Excellence Board study.
Practice Management

The Invisible Employee: The Potential of Under-Performing Employees

The Invisible Employee is a new book offering managers proven techniques for revitalizing their workforce and improving the performance of underperforming staff members.
Practice

The Gift of Thank You

Everyone loves receiving gifts. Most of us enjoy giving them; just look at how much we spend purchasing gifts for others on holidays or other special occasions. Few people, however, realize one of the greatest gifts that can be given in the workplace is also free.
Practice

Recharging After the Busy Season

It is April the 18th. The office is closed and you are taking a deep breathe before you dive into the two month pile of mail and three inches of phone messages that are sitting on your desk. And then it hits you like a slap in the face, you don’t have enough energy to go grab a cup of coffee, let alone enough energy to dive into your work activities with wild abandon. It feels a little more like sluggish stewing! So… what can you do to increase your energy and get back into the game of life at full strength?
Tax

It’s Tax Day: Take the Afternoon Off!

That’s what management is telling staff at Rachlin Cohen & Holtz, Florida’s largest accounting firm. Over the firm’s 51 year history, they have created a culture of year –round tax planning that allows the firm to close the office at 3:00 p.m. today, rather than burning the midnight oil.“The concept of April 15 is only important if you haven’t preplanned,” Rachlin Cohen & Holtz’ Managing Partner Larry Blum told AccountingWEB.
Practice Management

Mark Your Calendar: AICPA Small Business Practitioners’ Tax Forum

Developed by practitioners for practitioners, the American Institute of Certified Public Accountants’ (AICPA’s) Small Business Practitioner’s Tax Forum offers proven strategies and answers helping firms distinguish themselves in the highly competitive small business marketplace.
Practice Management

Mark Your Calendar: TECH 2006

Hundreds of Certified Public Accountants (CPAs) and technology experts assemble at the American Institute of CPAs (AICPA) Information Technology Conference to share news and information on the changing IT and how it can benefit their business, their career and their clients. Attendees also have the opportunity to explore cutting edge technology products and services, hear top industry speakers and network.
Practice Management

A Constant Flow of Hot, New Marketing Ideas <b>by Allan S. Boress, CPA, CFE</b>

Busy season is almost over, so it’s time to kick start your marketing to catch up for lost time. Are your tired of trying the same old thing? Ideas tend to get stale and occasionally competitors awaken and put something into action you were already thinking about (but couldn’t get the partners to act on…).So where can you get a bundle of hot and refreshing ideas? Adopt the world-view of one of the riches men in the history of the US.The Right PerspctiveW.
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

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