Practice Management

A&A

CPA Firm Revenues Continue Steady Climb Upward: Report

Annual revenues last year increased 6.7 percent, marking the third straight year of continued growth at CPA firms in the United States, according to the "2014 Rosenberg Survey."
A&A

Reconciliation of Accounts Still Mostly Done by Hand: Report

Fifty-nine percent of US companies and 66 percent of Canadian businesses are still reconciling their general ledger accounts manually, according to a new report from Robert Half and the Financial Executives Research Foundation.
Education & Careers

PwC Takes Top Spot in Vault Accounting 50 for 2015

For the second-straight year, the Big Four firm was named the No. 1 accounting employer in North America, according to Vault.com's latest rankings that were released on Tuesday.
Practice

Exhaustion and Other HR Issues

They seem like children today, but be patient: someday your newbies will be essential members of your team.
Practice

Help to the Finish Line: Complete What You Start

The first in a series of quizzes from Jeff Davidson that help you gauge how well you are managing your personal and professional lives.
Practice

HARO: Easy-to-Use, Low-Hanging PR Fruit

Scott Cytron has a public relations tip for you that has brought success to one of his clients no less than three times in the last month. It’s HARO (Help a Reporter Out), a database that enables you to respond to reporter queries that you normally would never know about, all for free and with a very minimal time commitment.
Practice Management

Tax Professionals: How Do You Respond When Someone Asks About Your Fee?

There’s a discussion going on in the Tax Business Owners of America LinkedIn forum about fees. It’s quite lively and has a lot of voices joining in.
Practice

Small Business Is Halfway to Hiring

When you talk to your small business clients, are about half of them hiring? The other half aren’t?
Practice

How Is Your Accounting Firm Protecting Its Intellectual Property?

Have you ever stopped to think that you have valuable property right on your hard drive?
Practice

Could Accounting Firms Operate Without Job Titles?

I'd imagine having no job title makes it difficult to explain what you do at parties.
Practice

For CPAs, Workplace Wellness Programs Transcend the Fiscal Bottom Line

A recent study by RAND Corporation revealed that when it comes to workplace wellness programs, there may be a distinct difference in the type of programs that reduce costs and lower net savings. However, many accounting firm leaders say their workplace wellness programs do not have costs or savings in mind. Instead, they are designed to keep employees engaged, healthy, and happy.
Practice

Does Your Accounting Firm *Really* Provide Client Service?

CPAs working in public practice tell me all the time..... "We are different!" They go on to relate how they do this different and how they do that different. They truly believe they are different.
Community News

CFOs More Likely to Outsource Accounting and Finance Projects

Areas of general accounting and finance – including forecasts and budgets, financial reporting, and mergers and acquisitions – were cited by more than half of CFOs as projects they would likely outsource to financial consultants and interim managers in the next twelve months, according to a recent survey.
Education & Careers

The Four Faces of Business Developers in CPA Firms

If firms look at the pool of talent and divide their employees based on skills, they will be more likely to succeed in creating a true marketing and business development culture.
Practice

NSA Offers Tips for Successful Succession Planning

One of the most complex business decisions an accounting practice will face is putting together a succession plan, but a recent survey conducted by the National Society of Accountants revealed that many firms do not have a plan in place.
Technology

Four Pillars of Document Management: Part 2 - Policy and Standardization

Policy and standardization, the development of a consistent firm-wide process around workflow and document management, make up the second of four pillars we will explore in this document management article series.
Education & Careers

Seven Steps to Great Relationships with Intergenerational Clients

Given the significant danger of losing clients or not attracting new ones because of intergenerational issues, Phyllis Weiss Haserot offers seven ways to achieve rapport with clients of different generations.
Practice

HR Corner Q&A: Can I Force a Sick Employee to Go Home?

Question: Can you force an employee to go home who is coughing, sneezing, hacking and has a runny nose? The employee is out of sick leave but has vacation leave available to use. The employee is exempt.
Practice

How to Nurture Young Talent in Your Firm

There once was a time when young CPAs got in line at a firm and “waited their turn” to become partner. Today, a number of factors are challenging this apprenticeship model. According to the AICPA’s 2012 PCPS Succession Survey, less than half of multi-owner practices have succession plans in place, and 42 percent point to a lack of confidence in the leadership ability of junior partners as the single largest succession issue.
Practice

The Inverted Pyramid - Does This Look Like Your Firm?

There's no question that the most profitable firms (defined as high-per-partner income) in our profession have figured out that leverage and a well-managed pyramid are key ingredients. Why is it then that so many firms are struggling with just the opposite?

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