Practice Management

Practice

Happy Employees Make Happy Clients

Melissa Brogan is hesitant to call the benefits offered at Barnes Dennig "perks." For her, it's a reflection of her firm's culture. Barnes Dennig has an employee- and client-centric culture and boasts a staff retention average of 94 percent.
Practice

You, Project Management, and Communication

In her article, Erin Cheever covers the five communication rules to live by when starting a project and what drives it throughout the entire process.
Practice

New Website Links Sellers/Buyers of Accounting Firms

An online marketplace for accounting practices, launched June 28, offers sellers a place to expose their firm to a national audience and for buyers to search for new opportunities.
Community News

Company Announcements: Week of July 2, 2012

Following is the latest roundup of accounting and community news for the week of July 2, 2012.
Practice

M&A: Five Variables when Assigning Value

In this world of merger mania and baby boomers dealing with succession, many wonder how accounting practices are valued when being sold externally (not to partners), and what the multiple is.
Technology

Tuning the Orchestra: IT and the CFO

Business functions once had very clear roles and responsibilities: finance looked after the money and IT was a distinct unit responsible for back office technology and communications. However, responsibility for IT decisions is changing.
Practice

Marketing's Say in M&A

What role does the marketing department have in a merger? Does the team get to be part of the pre-agreement strategic discussions or are they brought in at the end of the process?
Practice

Four Reasons CPA Firms Should Consider Putting Wealthcare in the Mix

Leaders of market-dominating CPA firms report that the Golden Age for the CPA profession, the period of high growth from 2002 through 2007, will not be repeated. Additional revenue sources must be sought to achieve profitable growth.
Practice

How Can You Keep the Post-Tax Season Calendar Full and Clients on Target? Periodic Review Meetings

Periodic client review meetings give CPAs and financial advisors the opportunity to put all their tools to work. They’re a good way to reconnect with your clients after tax season and continue to build and strengthen the relationship you have with each other.
Education & Careers

Eight Ways to Reignite Your Leadership Mojo

The old ways of leadership, the old rules, might as well be hieroglyphics on a cave wall. Since our brave new world is dominated by "unknown unknowns" ‒ and powered by serving rather than winning ‒ organizations have to change the way they lead their people.
Practice

Gen X and Y Bring Assets to Business Development

Phyllis Weiss Haserot has compiled a list of assets that Generation X and Generation Y/Millennials can bring to your business development team.
Practice

Making Money in Turbulent Economic Times

The universal measure of profitability in accounting firms is average income per partner. Another universal tool is the annual Rosenberg National MAP Survey. It's a must have for running your firm.
Practice

Twelve Ways to Get a Midyear Boost

Believe it or not, we're nearing the halfway point of 2012. If you're holding a midyear retreat or starting to update your strategic plans, now's a good time to step back and evaluate the best way to take a step forward.
Education & Careers

Rules of Engagement - View on Jobs Outlook

Findings from the latest Randstad Engagement Index show finance and accounting employees believe the job market is going to pick up, and when it does, many plan to leave their current positions for a better job.
Education & Careers

Build Your Practice - Give Clients Personal Attention

The never-ending challenge for accountants is not only to acquire new clients, but also to keep their existing ones. To achieve this, you need to get personal.
Education & Careers

Consultant Group Unifies - Now The Rainmaker Companies

Troy Waugh, CEO of Five Star 3, LLC, has announced that the three service lines of the Nashville-based accounting consulting firm will now be unified under one name - The Rainmaker Companies, LLC.
Practice

Potential of Disabled Worker Quotas on Federal Contractors

Companies with federal government contracts or subcontracts may soon risk losing their contracts if they do not meet quotas to hire more disabled workers.
Technology

Xero's New Cloud-Based WorkflowMax

Xero has recently added WorkflowMax - a complete practice management suite ‒ to its Cloud-based offerings.
Practice

Using Client Surveys to Break the 'Just Fine' Syndrome

Conducting a client survey is the best way for a firm to truly decipher what's working, what isn't, and where new opportunities lie.
Practice

Five Fraud-Fighting Tips for Businesses

Desperate times call for desperate measures, the saying goes. So it's not surprising that fraud in the workplace increased during the economic crisis and recession.

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