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Practice Management

Open season on interns

The Internship Institute, the non-profit affiliate of Z University.org, declares that this time of the year is "open season" for businesses and non-profit organizations to recruit interns and plan ahead to make summer programs successful. Z University.org is a workforce readiness company dedicated to improve the quality of internship programs."What too few employers and organizations realize is that internships represent a tremendous untapped opportunity to create a strategic business advantage," explains Matthew Zinman, executive director and founder of The Internship Institute.
Community News

True Partners Consulting Appoints New Partners

True Partners Consulting LLC today announced that it has promoted four of its senior managers to managing directors: Lawrence P. Salus, Jr. and John P. Bennecke, in its Chicago headquarters, Tracey G. Sellers, in its Tampa, Fla. office, and Gregg P. Dluginsky, in its New York office.“We’re delighted to be promoting these four people who exemplify the best of True Partners, and all of whom have made significant contributions to the firm’s early success,” said Cary McMillan, chief executive officer of True Partners.
Practice Management

Improved Soft Skills Help Accountants Advance

Accounting and finance professionals looking to advance their careers will need to improve their soft skills, according to Accounting Management Solutions, inc. (AMS), a New England provider of outsourced accounting, financial management, and recruiting services. "Technical and technological skills are essential, but they're not enough. Soft skills -- including the ability to write and present persuasively -- are what enables leaders to educate and lead," said AMS Director of Recruiting Services Jim Cote.
Practice

Accountants' Hourly Rates Increase

Hourly rates charged by accountants overall are on the rise, according to Intuit’s 2007 ProConnection® rates survey, which polled more than 1,100 professional accountants. Average rate increases ranged from $1 to $10 per hour. Non-software business consulting and software installation services garnered the highest average hourly rates of $95 and $86 respectively, showing increases of 12 percent and 7 percent. For the first time ever, the survey showed how Certified QuickBooks ProAdvisors' rates compare to those of their peers.
Practice

Grant Thornton LLP Names Central Region Leadership

Grant Thornton LLP announces the promotion of Lou Grabowsky to Central Region Managing Partner and Randy Robason as Managing Partner of the firm’s Dallas office. Robason will transition from the firm’s Charlotte office where he was the Southeast Region Tax Practice Leader.As the Central Region Managing Partner, Grabowsky is responsible for all operations within the region including client service and professional matters.
Practice Management

Another Enron in Europe?

Many European businesses are failing to effectively implement corporate governance codes which is heightening the risk of a serious corporate scandal on the scale of that involving Enron, new research claims. A poll of Europe's 500 largest publicity listed firms found just 56 percent had the necessary policies in place to protect against ethic and compliance failures, with only 9 percent expecting budgets aimed at addressing the issue to increase.
Practice Management

Making Your Practice a Great Place to Work

By Lucie BensonThe recent publications of the "Sunday Times Best Companies to Work For" lists have included several accounting firms, from small companies up to The Big Four. Lucie Benson takes a closer look to see what they are doing for their staff to make their practice such a good place to work. This month saw the publication of the fourth “Sunday Times 100 Best Small Companies to Work For” list.
Community News

SEC Sanctions Ernst & Young

Federal regulators censured Ernst & Young LLP on Monday and ordered the accounting firm to pay $1.6 million to settle charges of compromising its independence and contributing to faulty accounting by a client in 2001.Advertisement
Workplace Fitness

How to Motivate Small-Business Employees

Are you a small-business owner who is finding it more and more difficult to motivate your troops? SmartMoney.com offers five easy tips for kick-starting your crew without busting your budgets.While large corporations with deep pockets can easily dangle bonuses, perks and an array of fancy reward programs (often created by outside consultants) to encourage employees to outperform, you company isn't quite there yet.
A&A

A Conversation with Barry Goldwater: Handling High Net Worth Clients

As CPAs get deeper into financial services and wealth management, they will have to solve more and more complex financial problems which often cut across unfamiliar planning territory. One group of clients many firms hope to close, can be both challenging and rewarding. They are high net worth individuals, those clients who fit into the $10 million-and-above club. If you are fortunate in grabbing the opportunity to inform and perform for high net worth clients, you must stop and think about what is important to this group.What drives and motivates them?
A&A

White Paper: Reduce the Headaches of Infrastructure Change in 5 Easy Steps

No matter how well prepared you are, managing change in the network infrastructure can be a bumpy process. There are many infrastructure changes that can cause significant problems for an organization if they are not appropriately planned, implemented, and supported with the right practices and technology.
A&A

Computer Theft Endangers Calif. Firm's Clients

A Santa Rosa tax accounting firm is alerting thousands of clients that their private financial records may be in jeopardy after a key computer was stolen from the office, the Santa Rosa (Calif.) Press-Democrat reported.Terry Brown, owner of Tax Service Plus, said a computer containing the records of his firm's 3,000 to 4,000 clients was missing when he arrived at work March 7 and found a back door broken open.He said he's notifying clients by letter what actions they should take to protect themselves against anyone who tries to use the stolen information to open a fraudulen
Practice Management

Grant Thornton Earns 'Companies That Care' Honor

For the third consecutive year, Grant Thornton LLP, the U.S. member firm of Grant Thornton International, one of the six global accounting, tax and business advisory organizations, has been named to the Center for Companies That Care Honor Roll. This distinction recognizes organizations that demonstrate an outstanding and measurable commitment to their communities, both within the workplace and beyond.
Practice Management

Crowe Chizek Names Next COO

Kevin McGrath, CPA, has been appointed as the next chief operating officer for Crowe Group LLP and Crowe Chizek and Company LLC. McGrath is currently executive in charge of the firm’s Financial Institutions Group. He will succeed Frank Arford, who has been named chief executive officer of Horwath International. McGrath begins his new role on April 1, 2007. McGrath’s new responsibilities will include oversight of the firm’s specialized industry groups and the marketing, sales and communications functions.
Practice Management

Allen Boress: How to Measure Your Firm's Marketing Performance

Recently we received the following email:Dear Allan:How can we know if people are doing personal marketing? We know that the economy is booming, our firm revenues are up over last year, but that has to be temporary -- it just can't go on forever! So how can we ensure that everyone is doing their job in keeping the momentum going? It's so hard to stay focused on marketing individually when there is more work to do. Why is it that some people and some firms are so much better at this than we are?
Practice

Crowe Chizek Selected Fla. Best Workplace

Crowe Chizek and Company LLC, a public accounting and consulting firm, has been named as one of the Best Places to Work in South Florida. Among medium-size companies in South Florida, Crowe ranks in the Top 15 Best Places to Work, according to the South Florida Business Journal. “This is a wonderful honor, and Crowe is proud to be named one of the best places to work in South Florida,” says Crowe CEO Mark Hildebrand.
Tax

E-File, Extension Deadline Reminder

The Internal Revenue Service reminds certain corporations with assets of $10 million or more and whose tax year is the calendar year to e-file their returns or file for an extension by the March 15 filing deadline.
Practice Management

Accounting Shortage Increases Outsourcing

Today’s shortage of skilled accounting staff may be widening the need for outsourcing, reports the Ohio Society of CPAs Corporate Focus.Cutting costs is cited as the primary reason for finance and accounting outsourcing, according to 42 percent of those surveyed by FAO Research Inc. Lack of internal accounting and finance staff followed with 33 percent.
Practice

Identity Theft: Do Your Employees Have Too Much Access?

About a month after a woman was hired to help with receptionist duties, accounting, invoicing and filing at a small Midwest shipping company, she started calling in sick.When she was out, packages started arriving that were addressed to unknown recipients. Her boss sent them back. But on another day when the receptionist was out, a delivery person told the owner that one of the reclaimed packages was part of a potential fraud investigation.
Technology

IT Zone Guide to Budgeting Systems

By John StokdykFive years ago, I wrote, "In recent years, budgeting has been getting a bad press." Not much has changed on that front. Budgeting remains an entrenched habit - and some would argue a weak spot - in financial management. Even when companies do embrace the concept of business performance management, suppliers report that the most common inquiry they get is for tools to help customers automate and manage their budgeting processes.

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