Some of our favorite comments from some of our favorite readers…
And 4 ways to put them to good use.
By August J. Aquila
Creating the Effective Partnership
There may be some senior partners who want to spend their remaining years basking in the sun or playing golf. But, given the negative and low returns of the stock market the last few years, more senior partners will be concerned about their economic future and will want to stay involved in the profession. This can be a win-win situation for both parties or it can be a lose-lose.
Senior partners have a wealth of knowledge that you don’t want to lose. For example, they possess: READ MORE →
New survey shows technology’s role in turning challenges into opportunities.
By Rick Telberg
Ask a practicing accountant what keeps them awake at night, and you’ll get many of the same answers in one form or another: clients, expenses, staff or technology. And that’s borne out in the first annual Accounting Firm Operations and Technology Survey, offered exclusively by CPA Trendlines. READ MORE →
Through April 12, with only days to go, the nation’s professional tax practitioners had efiled almost 62 million returns, down about 207,000 from the same time a year before, or 0.3%. That may represent something of a last-minute recovery, considering that at one point in the season the profession was behind by as much as 5%.
Meanwhile, the number of self-prepared returns climbed 4.5% to 39.3 million.
The four flavors of new clients.
By Hitendra Patil
Tax season is over and you made it through the home stretch, significantly tired but scraped through! Now is the time to rethink your business model on the new learning from tax season and to restart looking for new clients. You don’t want to create more “C clients” that suck the energy, time and profits like a vortex.
Not sure how to estimate the value of your prospects? You may want to learn their shopping habits. READ MORE →
QUESTION: I am 57 and have become very concerned about retiring and what I could get for my practice, how long I would have to stay and how the whole process works. I believe I’ve read all of your Q&As but have never heard you speak on this subject. Is there anything you can give me to read that sort of ties in everything?
RESPONSE: For CPAs in practice, succession planning takes on a meaning other than what it might seem. Many of the CPAs I know find it difficult to imagine themselves retiring, and therefore do little in the way of planning. For those who think they will work until they drop, stop reading now and go to the Sudoku puzzle, because that will probably provide you with more gratification in the long run. READ MORE →
The main categories of information for internal communications and management.
By Bruce W. Marcus
Professional Services Marketing 3.0
While the substance of information varies from firm to firm, there are 10 categories that cannot go unconsidered: READ MORE →
By Marc Rosenberg
1. Loss of control
2. Loss of control
3. Loss of control READ MORE →
By Sean Stein Smith, CPA, CMA, CGMA
A Fresh Pair of Eyes
Advances in computer, mobile and cloud technology are revolutionizing both the ways that individuals live their lives and how organizations operate in the competitive environment.