Firms need to look at the busy season as a stepping stone, while their clients are focused on taxes and accounting more than any other time.
Here’s why you need a business development strategy in busy season: READ MORE →
12 ways the app phenomenon could change the way you think about your practice.
By Hitendra Patil
Consider, for a moment, the new “app economy.” There are over a million apps in Apple and Google stores, with hundreds of them doing much the same thing in almost the same way. According to Pew Research, 90 percent of Americans have cellphones and 67 percent find themselves checking their phones for messages, alerts or calls — even when they don’t notice their phones ringing or vibrating.
So, are accounting firms like apps already — offering the same services, same deliverables, same outcomes at the same or similar prices? If so, the only thing missing in the accounting marketplace is an “accounting services app store.”
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Wisdom tells us to “hang out where clients do.” Yet, there are hardly any “accounting firm apps” on the app stores. READ MORE →
Five reasons this is the wrong time to take your eye off the ball.
Firms need to look at the busy season as a stepping stone, while their clients are focused on taxes and accounting more than any other time.
Here’s why you need a business development strategy in busy season: READ MORE →
Five strategies you can implement right now.
By Sandi Smith Leyva
The Accountant’s Accelerator
If business has slowed for you, it’s not just you. With people finishing their holiday preparations, getting ready for school vacations and trying to keep from falling to the latest batch of colds making the rounds, it’s all most of us can do to stay on our routines.
By Robert J. Lees, August J. Aquila and Derek Klyhn
Momentum is critical in driving change, so it is no surprise that the initiation of activities that drive and support the strategy is key.
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It is also one of the reasons why focus is critical. And yet one of the mistakes we see are initiatives having too much time between them.
Career penalties for romance are greater for junior women than senior men.
By Ida O. Abbott
Sponsoring Women: What Men Need to Know
A close work relationship between a man and a woman can generate sexual tensions in one or both of them.
When the man is older and powerful and the woman is young and ambitious, the potential for complications is even greater.
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Even when the relationship is strictly business focused, it can be the subject of rumors, gossip and speculation among coworkers, and it can arouse feelings of jealousy and resentment in the sponsor’s wife.
A lot depends on what type of firm you have.
By Marc Rosenberg
Retirements & Buyouts
The only reason why goodwill benefits are paid is for retention of the clients after the retiring partner exits the firm. A logical extension of this premise is that, if a retiree’s clients don’t stay, there is no basis for paying the money.
Beating the rush to front-end scanning.
By Roman H. Kepczyk
Quantum of Paperless
Most tax clients will continue to deliver their organizers and supporting tax documents to firms on paper.
So firms are learning quickly how to effectively scan and manage those tax documents at the lowest possible cost.
By Ed Mendlowitz
The CPA Trendlines Practice Doctor
QUESTION: I always like to take notes on the handouts when I attend CPE programs. Now all the handouts are provided digitally and it forces me to sometimes print out as much as 400 or 500 pages before I go to the program. How can I get the sponsors to provide printed copies?
RESPONSE: Things change. What worked yesterday doesn’t always work today. READ MORE →