Now second only to oil drilling as nation’s most profitable industry.
A new analysis of financial statements shows tax and accounting businesses are improving their net profit margins despite an otherwise harsh economy, according to new data obtained by CPA Trendlines. READ MORE →
Workflow at Tipping Point; XCM Solutions Prepares to Meet Demand Mike Sabbatis Joins XCM Solutions’ Board to Aid in Execution of Aggressive Growth Strategy Braintree, Mass. – March 25, 2013 – XCM Solutions, LLC, the leading provider of cloud-based workflow … Continued
Lessons from the best-managed firms.
By Marc Rosenberg
Author of “CPA Firm Management and Governance: The Managing Partner’s Guide to Running a CPA Firm Like a Business.”
Baby boomer partners are rapidly approaching retirement age, resulting in a dramatic increase in new managing partners at firms.
In fact, CPA Trendlines estimates that up to 25% of multi-owner firms are operating under managing partners who are relatively new to the job, with tenures under three years. And over the next five years, one-third of multi-owner firms will undergo a change in ownership and/or control. READ MORE →
The new monograph from a featured CPA Trendlines contributor Learn more at: http://baystreetgroup.com/store/rosenberg-merger/
Warning: This article will make you question your controls and audit procedures.
by Gary Zeune, CPA
Managing Director, The Pros & The Cons
Most risk is not in the accounting records. Why not? Because the vast majority of our work as CPAs involves monetizing and measuring activities that have already occurred.
The risk starts before we do our job. Think recording sales, not making sales. In manufacturing, think cost accounting, not making widgets.
Because our work is historical, one of the major flaws, no matter the type and size of the entity, is that we usually react to change after fraud has occurred. When a new law, regulation or competition affects our employer or client, we fail to implement new controls or audit procedures to compensate for new fraud risks. READ MORE →
Welcome to the post-PC world.
By Brian Tankersley, CPA.CITP
for Intuit Accountants News Central
Welcome to the post-PC era. The (desktop) computer as King of the Technology Kingdom is now officially dead!
Over the last five years, we have largely moved from desktop computers running locally installed purchased software to running mobile apps, and subscribing to services ranging from Office 365 to QuickBooks® Online. READ MORE →
And 12 questions a good marketing professional should be asking.
By Bruce W. Marcus
Professional Services Marketing 3.0
And now a word to accountants who think they know marketing. Unless you’re that rare bird who’s had some successful experience because you have some kind of inborn talent for marketing – and there are some of you like that – you don’t know beans.
And you won’t know beans until they start teaching marketing in accounting schools, which is long overdue. Or until you’ve had long experience with a terrific marketer on your staff. But if you don’t have a natural affinity for it, there are things you should know that will result in your competing successfully in this wildly competitive market. Or until you hire marketers who know their stuff, and can teach you what you should know. READ MORE →
Stress management is critical to a successful season.
By Sandi Smith, CPA
Accountant’s Accelerator
I don’t want to stress you out, but we really do need to do something about our stress levels.
The American Psychological Association says our kids are getting headaches, having difficulty sleeping, and eating too little or too much due to pressure from school and household finances. The worst part is that most parents were not aware of the severity of their children’s stress.
Many adults reported not knowing what to do to change their lifestyle so they could reduce their stress, so it just makes sense to talk about this a little.
Here are the most common stress-reducing tasks that some people do, according to the survey: READ MORE →