Practice news

Practice Management

Wanted: Accounting Grads, Willing to Pay Gym Fees

Overworked accounting executives are finding that great pay and benefits aren't enough to attract top talent.Satisfying the crushing demand for accounting services means getting creative: offering athletic club memberships, flexible work schedules, telework options, bonuses, training opportunities and the intangibles, such as a positive “work environment” and “work-life balance.”
Practice

White Paper Overview: CPA Firms Lack Formal Staffing Programs

Few certified public accounting (CPA) firms have formal, documented programs for attracting and retaining qualified staff members a recent survey conducted by the Private Companies Practice Section (PCPS) of the American Institute of Certified Public Accountants (AICPA). Survey results appear in the white paper Best Practices in Recruiting and Retaining Talented Staff. “Unfortunately, many firms believe that they lack the resources to implement a formal program.
Community News

Smaller Accounting Firms in Big Demand

With the Big Four accounting firms busy helping public companies comply with the Sarbanes-Oxley Act, smaller firms are picking up business once dominated by their bigger rivals.At least two surveys over the last two years show that Big Four accounting firms are losing clients. Some of it is by choice, as the Big Four have had to drop some smaller companies to make sure their big public clients are in full compliance with the corporate reform legislation, especially the rigorous internal control requirements.
Technology

E-mail Just Got Safer for Small Businesses

Small businesses using Microsoft® Outlook® for e-mail can now get the same levels of rights management and encryption previously available only to large enterprises.
Practice Management

Intellitactics SAM Offers Complete Security Effectiveness Picture

Is our network secure? How secure is our data and information? Executives are asking these questions of their information technology (IT) staff with increasing frequency.
Practice Management

Webcasts Look at Security

Two upcoming web seminars will focus on security related issues. The first, scheduled for October 25, will look at proven methods for measuring security.
A&A

Employees to Mull New Trade-offs in 2006 Health Care Options

An array of new health care benefits have become available that may help employees plan for ever-increasing medical costs.Advertisement
Practice

Board Oversight is Positive for Both Profit and Non-Profit Companies

A new study shows non-profit boards that practice good governance and stress accountability contrary to groups urging more oversight of non-profit organizations. The Johns Hopkins University Listening Post Project issued the report in which a vast majority of the 247 boards surveyed “are highly or significantly involved in the key strategic oversight functions that non-profit boards are expected to perform,” according to the study cited in the Fort Worth News-Sentinel.
Practice Management

White Paper Overview: How Automation is Changing the AP Landscape

Automated invoice and billing management has the potential to significantly impact both cash flow and regulatory compliance for many businesses.
Practice Management

The 3 Biggest Mistakes Women CPAs Make in Selling (That Men Don't) and How to Cure Them! <b>A Guest Article by Allan Boress</b>

Over the years I have attended more than 400 sales interviews conducted by clients to evaluate how they performed and where they needed to improve.As the author of the only Best Practices study of selling professional services (The I-Hate-Selling Book), I have interviewed some of the most successful women professionals to discover why they succeeded at selling – and how.There are 3 Mistakes women make in selling…most often without realizing them…that costs sales, clients and opportunities that otherwise would have been won.
Practice Management

Using Excel Solver

What-if scenarios are useful business tools. They can help business-owners and other decision makers analyze the efects of their actions before they are implemented. Fortunately, Microsoft Excel offers decision makers a useful tool, called Solver, to help users explore what-if scenarios.Using Excel Solver, you can find the minimum or maximum value for a single cell, by modifying other cells that are directly or indirectly related to the target formula. The minimum or maximum value that is found by modifying other cells is called a target cell and the target formula resides in this cell.
Practice Management

Survey Finds Small Business Planning Lacking

Small businesses are built with their owners’ sweat and diligence but a new survey shows they are giving little thought to their business’ futures. The survey released last month and sponsored by Papalia Financial, shows that 85 percent of the respondents acknowledge that they are not content with their current financial planning according to their prepared statement. 200 small business owners in Connecticut, New Jersey, New York, and Pennsylvania participated in this survey.
Education & Careers

One Firm’s Answer to the 150 Credit Hour Requirement

For many younger employees, benefits can seem pretty irrelevant. Not at Beers & Cutler, a leading accounting and consulting firm in the Washington, D.C. metropolitan area. On Monday, Beers & Cutler announced its 150 Hour Tuition Reimbursement Program.The program is an innovative tuition reimbursement program to assist qualified undergraduate and graduate students in meeting the 150 credit hour requirement in order to sit for the CPA exam.
Practice Management

Mark Your Calendar: First Women’s Summit

“Helping Women Professionals Succeed” is the theme of the first Women’s Summit hosted by the Work/Life & Women’s Initiatives Executive Committee of the American Institute of Certified Public Accountants (AICPA) scheduled for Tuesday, October 11, at the Hyatt Rosemont in Chicago, Illinois.“Women currently make up more than 50 percent of all accounting graduates in the country,” said Summit Chair Leslie Murphy of Plante & Moran and Chair-elect of the AICPA.
A&A

The Six Myths of Outsourcing

While outsourcing is still a relatively young business, its impact on the accounting industry is starting to be understood. While it is still in its infancy stage, firms are starting to think about how outsourcing can be used in their practices to help them accomplish their goals. This article will explore some of the early fears most of us had about outsourcing and how most of those fears have been eliminated.
Practice

Grant Thornton LLP Revenues Rise 29%

Grant Thornton LLP reported revenues increased 29 percent to $728 million during the fiscal year ending July 31, 2005 making it the revenue growth leader for U.S.
Practice Management

Donating Vacation Days For Hurricane Relief

The Internal Revenue Service (IRS) will allow workers and employers donating their paid days of vacation to victims of Katrina to get a tax benefit. Usually contributions to charity can only be written off by those who itemize their taxes but this IRS rule is an exception that applies to those who can itemize and those who cannot. “I think this is a great avenue for people who want to provide relief,” said IRS Commissioner Mark W. Everson speaking with the Los Angeles Times. “They can give in a way that might be easier than giving cash.
Practice

President Bush Signs Flexibility for Displaced Workers Act

On Friday, President Bush expanded disaster relief employment by signing the Flexibility for Displaced Workers Act. Advertisement
Education & Careers

Middle Managers Carrying Companies Through Rocky Times

With companies increasingly looking outside their own ranks for top talent, the ability of the middle managers to quickly adapt during the transition is critical.While the CEOs enjoy high profiles, big salaries and generous bonus packages, middle managers are often the forgotten heroes of big-business transformations. And CEOs who recognize this can themselves enjoy greater success.The Wall Street Journal reported that dozens of CEOs have been ousted in the last 12 months.
A&A

U.S. Businesses Unprepared for Disaster

For nearly 40 percent of American businesses, said business continuity planning is not a priority.

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