Practice news

Practice Management

Employee Retention Strategies for Busy Season

Professional staffing firms are predicting that 2006 will the best year since 2000 for job seekers, especially in high-paying fields like financial services, and many employers are looking for strategies to keep their best workers.
Practice Management

The Makings of a Good Manager

Research recently conducted by 3D Group, a consulting firm of industrial and organizational psychologists as part of the effort to enhance and improve their Corporate Leaders assessment tool, found that managers are more highly rated for their ability to manage processes and results than for their interpersonal and team-building skills.
Practice Management

Four Tips for Finding the Right Partner

Break-ups are big news. Less attention is paid to finding the right partner in the first place.
Practice Management

Lifestyle Lures Accountants Abroad

The key reason accountants chose to relocate overseas is lifestyle, according to Think Global Recruitment’s annual survey. Apparently, it is not an unreasonable expectation, since 94 percent of those surveyed report enjoying an improved lifestyle after relocating overseas.
Practice

Circular 230 Changes Proposed

The Treasury Department and the Internal Revenue Service (IRS) last week proposed amending Treasury Department Circular 230, governing tax professionals practicing before the IRS. The proposed amendments are the result of a thorough review of the extensive public comments received in response to an advanced notice of proposed rulemaking relating to the Office of Professional Responsibility in December 2002. A hearing on the proposed regulations is scheduled for Wednesday, June 21, 2006.
Practice

CPA Practice Marketing: Expand Your Client Base by Narrowing Your Marketing Focus

CPA firm marketing is often scattered, unfocused and haphazard. Every CPA firm marketing effort can benefit from “concentration” of CPA firm marketing resources.I believe one of the most underutilized marketing weapons for CPA practices is the power of niche marketing.
Practice Management

Auto Industry Gets New Tool for Managing Assets Wirelessly

Last week, hidden among the bad news emanating from the American auto industry, a ray of hope emerged. WhereNet Corporation announced a first-of-its-kind program offering suppliers a low-risk method for evaluating the company’s active RFID-based Real-Time Locating System (RTLS) technology applications specifically tailored for the automotive industry. Leading industry analysts agree that automotive manufacturers need to fundamentally change their business processes by embracing RFID and improving asset management.
Practice Management

Creating work-life balance within the firm

In your firm today, an increasing number of staff members – from the partner level to the administrative staff - are experiencing burnout, low productivity, dissatisfaction and stress related illnesses…due in large part to a lack of balance between their work and personal lives. It is time for your firm to look at how it can create greater balance between work and personal lives of the number one asset in your firm – its people.
Practice

Busy Season Stress Busting

The busy season is upon us. With it comes longer hours, greater workloads and stress. To help you cope with the season and avoid burnout AccountingWEB recommends balancing rule-making with rule-breaking and focusing on communicating clearly with co-workers, clients, family and friends.Rule-Making
Practice

AICPA Giving Practice Management Content Away Through Mid-May

Certified Public Accountants (CPAs) looking for information that can help them, and their firms, become more successful, have until mid-May to access members-only content from the American Institute of Certified Public Accountants’ (AICPA’s) Private Companies Practice Section (PCPS), even if their firms are not PCPS members. The normally restricted content, from noted professionals in the field, is free to all, for a limited time.Content in the PCPS membership section draws on the experience of more than 83,000 CPAs from 6,000 local and regional firms across the country.
Practice

Unethical Corporate Behavior

Business ethics are important but a new study shows that unethical corporate behavior is caused by a variety of factors. The global study was conducted by the Human Resource Institute (HRI) for the American Management Association (AMA). Review a survey summary at www.amanet.org/research. Some 1,121 managers and HR experts participated in the study conducted with the AMA’s affiliates and global partners. These groups included the Canadian Management Centre (Toronto), Management Center de Mexico (Mexico City), Management Centre Europe (Belgium), and AMA Asia (Japan).
Practice Management

Personal Use of Employer-Provided Vehicles

It is sometimes helpful to have the use of an employer-provided vehicle in the course of doing business. In many cases, personal use is also allowed but personal use is a taxable fringe benefit, according to Payroll-Taxes.com. Withholding taxes for this non-cash benefit is the responsibility of the employer. This withholding process is complicated with the FMV of the vehicle not being determined by the actual cost of the vehicle, according to Payroll-Taxes.com. The FMV is calculated based on what an employee would pay for leasing a comparable vehicle.
Practice Management

FASB Clarifies When Leases Should be Reclassified

The Financial Accounting Standards Board (FASB) has answered questions relating to lease accounting.The way it stands now, FAS 13 requires that a lease should be recalculated when a change in a key assumption affects the net income.
Practice

The Best Time of Year to Do Marketing: Marketing into a Vacuum – Part Two <b>by Allan Borress, CPA, CFE</b>

"Busy season" is the best time of year to take advantage of marketing opportunities you won't find at other times.
Practice Management

Office & Public Rudeness Counterproductive

With business and office communications becoming more faceless, e-mail and phone communication may be causing a rise in office rudeness. Studies are being done and books are being written on the subject as productivity is sapped, as well as some efforts to retain good talent, according to the Wall Street Journal. The distance between management and workers seems to be growing, too.
Practice Management

The Impact of Compliance and Risk Management on Archival Storage Strategies

Electronic net media such as e-mail and instant messages have changed business to business transactions. The bulk of important business transactions such as contract negotiations, order issuance and acceptance, corporate communications and marketing programs, supply chain management, service and support, and investor relations are now done primarily using the Internet and these electronic media.
A&A

Archiving and Backup

A new study shows, that with all the current regulation and resulting compliance, archiving is not widespread. The study found that only a small number of respondents were required to archive required data because of regulatory legislation such as Sarbanes-Oxley (SOX). The study was commissioned by Bridgehead Software, a developer and vendor of storage management software.
Practice Management

IT Managers Slow to Adopt Archiving Solutions

According to a new study a “solid percentage of IT managers don’t understand archiving, so many are failing to do it properly,” enterpriseitplanet.com reports.
A&A

Mark Your Calendar: Electronic Document Management Webinar

Want to see how leading CPA firms are reaping the rewards of electronic document management? GoFilERoom, the leading provider of document management solutions for CPA firms, is offering a free, 45-minute webinar, complete with case studies, at 2 p.m. Eastern Time, on Tuesday, January 31.“Going paperless is huge cultural change for an accounting firm,” Gary Adamson, Managing Partner at Brady Ware explained in announcing his firm’s selection of GoFileRoom for organizing firm documents and tracking client projects.
Community News

David Maister Launches Marketing Masterclass Series of Podcasts

This month, business guru David Maister launches the first in a series of unique, marketing podcasts for professional services firms. The first four of 14 podcasts will be available, free, on his web site, at www.davidmaister.com, beginning January 23.

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