By Leita Hart-Fanta
Check out this article from USA TODAY: 19 shocking facts about Detroit's bankruptcy
I’ve heard it for years and years, “Watch out for scope creep.” “”How do we guard against scope creep?” “How do we teach our young accountants about scope creep?” “Most of our partners actually give too much away.” And so on.
I have two thoughts on this topic and they contradict each other!
First of all, I believe that the more you give away (of yourself, of your knowledge and of your expertise), the more will eventually come back to you.
According to Thomson Reuters Poll, Tax Leaders from Global 2000 Companies Struggle to Find Accurate and Complete Data
There, I said it. They are conducted the way they have been conducted for 30 (or more) years.
Lack of or poor communication is one of the biggest inside CPA firms. It comes out on top in most of the many surveys I have done as a consultant over the years. To many partners in CPA firms, this means they need to have more meetings – wrong!
This is the perfect time of year to assess all that you and your entire firm are grateful for. This important list should include your staff, your clients, your community relationships and all your colleagues and friends - the people who make such an impact on your success and your sustainability.
As you begin taking inventory of how 2013 went for your business, you’ll probably look at the number of clients you have, revenue generated, profit and whether or not you met expectations for growth. These are all good things every business should look at, but they’re not the only things.
Consider five more ways to define the success of your firm:
Taxpayers have been suppressing or understating their sales to pay less income tax and sales tax for years, but now they are using a device known as a ‘‘zapper.’’ That trend started in other countries but has become more prevalent in the United States, with 14 states recently enacting legislation to impose criminal penalties against those using the device.