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Practice Management

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?
Education & Careers

When Unwanted Events Happen to Good Accountants

If managing a professional practice was easy, anyone could do it. Today, in particular, we are all continually besieged by too many things competing for our time and attention.
Technology

F&A BPO Services Likely to Increase for Companies in 2013

The "State of the Outsourcing Industry 2013" survey, which was released on July 8, found that client expectations of outsourcing are evolving to be more value-focused, with IT and F&A BPO dominating future outsourcing plans.
Practice

Top Priorities for CPA Firms: Retaining and Training Staff

Staffing is among the top management issues facing CPA firms, according to a recent survey by Sageworks. That's not surprising, considering many firms are experiencing a staffing crisis as they lose significant percentages of top staff.
Education & Careers

CCH Connections: User Conference 2013 Registration Now Open

Connect with industry leaders and get a first-hand look at the latest innovations for tax and accounting professionals at the CCH: Connections: User Conference 2013.
Education & Careers

Surge Continues in Learning and Development Spending

In a recent study, Bersin by Deloitte found that overall spending on training rose 12 percent on average in 2012 – a sign that amidst greater financial stability, organizations are focused on reskilling their workforces.
Practice

Partner Succession - It's All about Client Transition, Retention

CPA firms are wrestling their way through partner retirements and the accompanying succession issues in numbers that the profession has never seen before. It's the baby boomer bubble, up close and personal.
Education & Careers

Committed to the Climb: Plante Moran Launches Women in Leadership Initiative

In April, Plante Moran, a company long known for its groundbreaking approach to attracting and developing top female talent, announced the launch of its new Women in Leadership initiative to ensure aspiring female leaders don't have to travel the path to leadership alone.
Technology

Winners of 2013 Innovation Awards Announced

The winners and finalists for the tenth annual Tax & Accounting Technology Innovation Awards are all Cloud-based solutions, highlighting the movement of accounting and tax experts toward mobile technologies. The awards were presented June 3 by CPA Practice Advisor.
Technology

Firms Must Also Look Internally to Keep Their IT Systems Secure

While you might think your IT systems are safe and secure, think again. One of the greatest security threats comes from a firm's own staff. Learn five ways your staff can wreck your IT systems and cost your business in lost productivity.
Education & Careers

BDO and Ernst & Young Named Top Workplaces for Recent Grads

BDO USA LLP and Ernst & Young LLP were among twenty-five companies that were included in the Best Places to Work for Recent Grads 2013 report from ConnectEDU Inc., a technology company committed to transitioning learners from school to college to career.
Practice

Three Indicators of Creditworthiness for Your Business Clients

Are your business clients applying for a loan? Sageworks Research Specialist Mary Ellen Biery outlines three indicators of creditworthiness and how your clients can improve them.

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