Practice | AccountingWEB
by AccountingWeb on Apr 25, 2003
by Terri M. Sommella, Sommella Market StrategiesStudies show that 75% of firms are either in the process of a branding campaign or are considering one. Why? Succinctly put, branding creates differentiation and client loyalty. It is the purposeful development of a personal relationship between the client and the product or service. A brand is not all consuming but rather, represents a piece of the whole, one aspect of the firm.
by AccountingWeb on Apr 24, 2003
by Nancy Blodgett, President of Performance ExcellenceAdjust Your AttitudeBe open to new ideas!Make time for quality improvement. Don’t manage by fear. Help people feel secure in their jobs.Don’t let the statement: "we’ve always done it this way," keep the firm from trying new approaches to problem-solving. Change the "Us vs. Them" culture of management and staff by adopting quality principles and methods.
by AccountingWeb on Apr 21, 2003
By, The Marcus LetterThere is no shortage of advice about how to build a marketing program. There are books, articles, consultants, seminars. If you really want to do it, there’s something or somebody around to tell you how. Even if you cut away some of the nonsense about marketing an accounting firm, there’s still a lot of good information available.The trouble with it is that for many firms, most of it is unrealistic. There’s too much. It’s overwhelming.
by AccountingWeb on Apr 16, 2003
by Stuart R. Buttrick, Baker & DanielsEmployers are forced to defend themselves against large numbers of EEOC charges and lawsuits, many of which could be avoided by prompt and effective internal investigations. A primary goal of any human resource or EEO officer should be to have an effective mechanism for allowing work-related complaints to be resolved internally.
by AccountingWeb on Apr 14, 2003
Even in the wake of significant layoffs, some companies are reportedly making use of trusts and other creative arrangements to protect their top executives’ huge pensions, which are not usually covered by pension insurance when a company declares bankruptcy.Airlines such as Delta and United have taken steps to protect their top executives’ pensions as the airline industry struggles to regain its footing after the Sept.
by AccountingWeb on Apr 14, 2003
While employers might be in compliance with the Federal Uniformed Services Employment and Reemployment Rights Act (USERRA), they might be missing crucial state military leave laws that could subject their companies to unknown costly legal liabilities.
by AccountingWeb on Apr 09, 2003
By Bruce L. Katcher, Ph.D. President of The Discovery GroupOur research shows that 7 out of 10 employees believe that management does not act on employee suggestions. Here's why this is a problem.Good Suggestions Slip Through the CracksOne of the major lessons of the quality improvement movement has been that employees who actually perform the work usually have very good suggestions for improving the work. Ignoring their ideas is a sure prescription for inefficiency and reduced profitability.Employees Lose Trust in Managemen
by AccountingWeb on Apr 08, 2003
A recent survey of over 2,200 CPA firms ranked the popularity of over 84 different time and billing systems, identified features that are critical, and revealed certain frustrations that CPAs have about the systems that they use. The survey was commissioned by the Management of an Accounting Practice Committee of PCPS, and was developed in conjunction with cpa2biz, and the AICPA.
by AccountingWeb on Apr 08, 2003
Deloitte’s decision last week not to separate its consulting arm is beginning to show its affects in the marketplace.Because of perceived independence issues, General Motors Corporation has announced that it will pull all of its consulting work from Deloitte, a move that amounts to a loss to the accounting firm of about $80 million worth of work.Last week, Clorox and Auto Nation – who are both audit and consulting clients of Deloitte - announced that they would begin shopping for a new auditor.Despite all of the recent scrutiny on the perc
by AccountingWeb on Apr 06, 2003
Every business looks for a way to distinguish itself from the competition. CPA and Bed & Breakfast owner Kevin Marshall decided to tie his two interests together. While guests relax for the night and have a delightful breakfast at his Dutch Iris Inn in Granby, Connecticut, Kevin Marshall will prepare the guest's tax returns and have the forms ready to go at checkout time. The overnight package includes preparation of the 2002 Federal and Connecticut tax returns, a night's accommodations and breakfast for two in the morning.
by AccountingWeb on Apr 04, 2003
Practice Management Idea!
by AccountingWeb on Apr 02, 2003
In a rare display of public discord among the Big Four firms, Samuel DiPiazza, chief executive of PricewaterhouseCoopers, has expressed concern over rival Deloitte Touche Tohmatsu’s decision to keep its consulting business in house, instead of selling it off as the other large firms have done. He believes that decision shows a "lack of sensitivity" and runs counter to other firms’ efforts to help restore the profession’s integrity.In an interview with the Financial Times, Mr.
by AccountingWeb on Apr 02, 2003
Big 10 CPA firm Crowe, Chizek and Company LLP has announced a corporate restructuring to better allow it to integrate company services, strategic alliances and joint ventures for the future. All services of the firm will now be coordinated under the umbrella of a new holding company, Crowe Group LLP.
by AccountingWeb on Apr 01, 2003
Disturbed by what he heard at a hearing on taxpayer issues, Senator Charles Grassley, Chairman of the Senate Finance Committee, has issued a statement urging taxpayers to exercise caution when hiring a paid tax preparer.Sen. Grassley’s caution comes after hearing from the General Accounting Office who estimated that over half of US taxpayers who overpay their taxes had employed the services of a paid tax preparer.
by AccountingWeb on Mar 31, 2003
The end of tax season for a CPA firm marks the end of a 90-day sprint and the beginning of what most firms hope to be their biggest cash payoff of the year.However, many firms get caught in the receivables trap, and what should be a windfall for the firm turns into slow paying clients, accounts receivable headaches and frustrated owners.Here are some tips to help you collect the money your clients owe.

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