Practice Management

Practice

Is this dress code professionalism overkill?

If you are thinking about branding or flexibility for your firm’s people, the 43-page new dress code from Swiss bank UBS AG should get your attention.
Practice Management

FASB issues proposed accounting standards update on testing goodwill for impairment

The FASB has issued an exposure draft of a proposed accounting standards update intended to simplify how an entity is required to test goodwill for impairment.
Tax

IRS gets serious about return preparer rules

The PTIN registration is the first step in a multi-year effort by the IRS to provide standards for and oversight of the tax preparation industry. Starting this fall, certain paid preparers will be required to pass a new competency test.
Practice Management

Could you be breaking the law by not archiving e-mails?

Think about it – almost all of your business communications and negotiations are performed via e-mail, making them important documents to keep for reference.
Practice

Flat world update: Use social media internally to flatten your organization chart

Commerce is now global, accessible, and available to all– the world has been deemed flat With all this talk about how flat the world is, it’s amazing how hierarchal our companies and institutions are, especially as professional service firms whose titles create a class system of their own.
Practice Management

Minimize personality conflicts in your workplace

The motherly instruction to "play well with others" doesn't always travel from the playground to the workplace. Resolving staff conflicts is an ongoing issue faced by supervisors.
Practice Management

Don’t go another year without a succession plan!

If a key partner decided to retire or became disabled, would your firm have a plan for transitioning clients, choosing a replacement leader, and ensuring continuity of firm vision and strategy?
Practice Management

Going through the motions: Only 1/3 of workers are engaged in their jobs

Remember mood rings – those unstylish color-changing rings that would give you away if you were embarrassed, in love, or just having a hot flash? Now Globoforce has announced the 21st Century version of the mood ring – the Globoforce Workforce Mood Tracker.
Practice

Eleven cool mobile apps for running your practice

We recently featured five cool Web apps for running your firm that were highly recommended by your accounting colleagues. Now we’re going to stay on the productivity app beat and take a look at mobile devices.
Practice Management

Increased business use of mobile devices is top IT challenge

The proliferation of smartphones, tablet computers, and mobile devices in the workplace emerged for the first time as the top business technology concern for CPAs and financial executives, according to the 2011 Top Technology Initiatives Survey by the AICPA.
Community News

Co-workers find romance in the hallways and break rooms

Looking for love in all the wrong places? Many workers turn to the once taboo office pool in search of companionship, and the search appears to be paying off.
Practice

Five cool Web apps for running your firm

You’ve probably noticed that most new software is now developed for the web rather than the desktop. This actually isn’t a trend; instead, it's expected that Web-developed software will become the norm, and perhaps even accelerate, in the years ahead.
Practice Management

A cautionary tale: Busy season can be life threatening

During the tax season of 1995-1996, Norm Lorch was not feeling well. He had a sore throat, but told himself it would go away. In any case, he did not have time to go to a doctor. Lorch is principal of Owings Mills, Maryland-based Norman J. Lorch, Chartered.
Practice Management

Employers offer training, flexible schedules, mentoring to attract, retain staff

Companies concerned about keeping top performers and attracting new ones might be sweetening the pot with non-monetary benefits, according to a recent survey. Subsidized training and education topped the list of perks.
Practice Management

From K-9s to 1099s: Pet-friendly firm boosts morale

With a fragile economy still struggling to rebound, employers continue to search for ways to boost morale and productivity. CPA firm Stone, Rudolph & Henry has found a secret to success in Rocky. Although Rocky didn’t originally come to the firm to improve morale, his presence has made a positive impact on SR&H.
Practice Management

The essentials of document management for CPA firms

“Document Management” is a term that has become more or less synonymous with “going paperless.” Consider that when we say “going paperless,” virtually every accounting firm has already been processing and storing a wide variety of documents in digital format since the introduction of the personal computer almost thirty years ago.
Practice Management

Effective coaching: Your staff aren't morons

Licensed counselor Guy Gage has spent the past two decades applying the principles of human and organizational behavior to CPA firms. He specializes in addressing the human factors preventing firms from effectively dealing with internal conflict and underperformance.
Practice

Reviewing overtime standards should be one of your resolutions

Miscalculating overtime can be extremely costly for companies in terms of fines and lawsuits. And the U.S. government has just made it easier for unhappy employees to find lawyers willing to sue companies over alleged FLSA overtime violations.
Education & Careers

Tattoos, body piercings, and accounting firms

What do tattoos, nose rings, and CPA firms have in common? Millennials are expected to make up more than one third of the country’s workforce by 2014 and, of that segment, 12 percent have a tattoo and 25 percent have a body part pierced other than earlobes.
Practice Management

Study: Compliance, staffing capabilities will need special attention in changing economy

The 2011 benchmarking study of the finance function has been released. The study reveals how public and private firms of all sizes are currently managing their financial departments in six vital areas.

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