One-third of U.S. accountants work at home, on their own, moonlighting. Here are their biggest issues and best tips… Get more when […]
By Sean Stein Smith, CPA, CMA, CGMA
A Fresh Pair of Eyes
Scandals that have rocked public and regulatory confidence in the business community are not difficult to name: AIG, Lehman Brothers, the “London Whale.”
Good governance, the argument goes, can be the difference between mediocre performance and outstanding performance. It can even be the difference between staying in business and going under.
Top firms know the nine tenets of a healthy, sustainable growth-minded culture.
By Bruce W. Marcus
Professional Services Marketing 3.0
The firms that want to grow and thrive must be turned into marketing machines – to have a culture that understands and supports a marketing effort.
A firm may be said to have a marketing culture when its professional staff: READ MORE →
By Sandi Smith Leyva
We all spend a huge amount of time working all those emails we receive. Luckily, there are many ways to tame the task so you can free up valuable time to work on other things.
Here are four ideas to check against what you’re already doing and possibly get a productivity boost… READ MORE →
Eight data points to check your tax season quality control systems.
By Ed Mendlowitz
How to Review Tax Returns
Accounting firms that have high review times usually have high error rates necessitating the higher review time. Doesn’t that sound crazy?
Why not set up procedures to reduce the error rate? I have been told that error rates range between 5% and 95%. 95%!? That is crazy! There must come a time when you decide to fix this. You can rationalize all the expediency reasons in the world, but this is just bad, stupid and poor business!
Start by considering eight key metrics. READ MORE →
How too many compensation systems fail of their own weight.
Too many firms allow partner compensation formulas to become fraught with complexity, compromise and unintended consequences. Here Marc Rosenberg, author of How to Bring in New Partners, considers 14 of the worst complications he sees. How many of these are lurking in your firm?
The nine essential personal commitments each partner must make.
By Robert J. Lees and August J. Aquila
Creating the Effective Partnership
A firm’s success is ultimately tied to its partners’ performance. And yet, improving partner performance is one of the key issues facing the majority of firm leaders today. READ MORE →
By Ed Mendlowitz
101 Questions and Answers
QUESTION: How can I get buy-in in the implementation of new things we decide to do?
RESPONSE: I find buy-in the key to a successful program. It is also extremely hard to get. It is easy in the board room or at the meeting when the new process or procedure is agreed to, but then there has to be a champion to be responsible for the follow-through and success. READ MORE →