Today's Features

The 4 C’s of M&A Success for Accounting Firms

Start planning years, not months, ahead.

By Joel Sinkin
Transition Advisors

Sinkin will be appearing at the Accounting & Finance Show. Click here to learn more

Every week we hear about another merger or acquisition.

There are many reasons firms consider merging.

The most common objectives follow:

  1. Talent is in short supply in today’s marketplace. Many firms are using mergers to add talent for growth and/or a tool to build an internal succession team for the long-term security of the firm.
  2. Cross-selling niche services: We are seeing firms entertain mergers that create strong cross-selling opportunities.
  3. Growth from having a larger platform of services, increased capacity and through the addition of the clients a merger brings.
  4. Marketplace refers to mergers that provide the successor firm a flag in a new harbor.
  5. Succession: A strong percentage of accounting firm owners are seeking to reduce their time commitment to their firm so succession remains the number one driving force of most small firm mergers. READ MORE →

Five Reasons Accountants Should Serve Cannabis Clients

The biggest growth industry since cable TV desperately needs good accountants.

By Andrew Hunzicker
dopecfo.com

There are many reasons that accountants, bookkeepers, and CPAs are launching their own cannabis firms, and some of these might apply to you as well.

MORE CANNABIZCPA.PRO: Corporate to Cannabis: Laura Durham of Kind Accounting | The Fire Starter: Groundbreaking Cannabis CPA Luigi Zamarra | CPA Marcena Sorrels: From Health Care in Texas to Cannabis in Oregon | SURVEY: N.J. CPAs Support Recreational Cannabis | CPA Kim Walker: ‘We Can’t Be Afraid of Diving into Marijuana’ | A CPA’s Unexpected Journey into the Cannabis Industry | Billion-Dollar Questions: Cannabis FAQ for Accountants | Pioneering Cannabiz CPA Warns: Tread Softly

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Here are just five. READ MORE →

Let’s Talk About the Fiscal Close

Doxey will be appearing at the Accounting & Finance Show. Click here to learn more
Portrait of Chris Doxey
Doxey

Who has time for metrics and analytics?

By Chris Doxey
Doxey Inc.

If your finance and accounting organization is bogged down by a fiscal closing process that never seems to end, it has little time to focus on enhanced reporting or analytics. Visibility to accurate financial information and underlying operating metrics are critical to your management team in any economic environment.

Many factors place the spotlight on the fiscal closing process, which is usually led by a team of individuals in the corporate finance and accounting department and managed by the corporate controller. The complexity of the process is driven by the nature of the company – private, public, nonprofit (tax-exempt or mission-based) or government – and the type of industry or industries for which the company is responsible.

READ MORE →

Five Software Vendors Win Top Honors in CPA Firm Survey

Winners: Intuit, CCH, Thomson, Accountants World, Doc.it, XCM

By Randy Johnston and Leslie Garrett
Accounting Firm Operations & Technology Survey

Intuit, CCH, Thomson, Accountants World, Doc.it, and XCM are the winners of the 5th Annual Accounting Firm Operations and Technology (AFOT) Survey Awards.

The report is available for purchase exclusively from CPA Trendlines at https://store.cpatrendlines.com/shop/afot/

In the survey, respondents identify the software used in their accounting firm that has the greatest impact on their firm's profitability, risk mitigation, and productivity.

READ MORE →

Derek Davis Keeps California Cannabis Clients Informed

Portrait of Derek Davis
Davis

Word to the wise: Have a partner.

By Liz Gold
cannabizcpa.pro

If you’re on the email list of California Cannabis CPA, expect to receive a weekly roundup of cannabis licensing deadlines, requirements and more from around the state.

MORE ON CANNABIZ: Corporate to Cannabis: Laura Durham of Kind Accounting | The Fire Starter: Groundbreaking Cannabis CPA Luigi Zamarra | CPA Marcena Sorrels: From Health Care in Texas to Cannabis in Oregon | SURVEY: N.J. CPAs Support Recreational Cannabis | CPA Kim Walker: ‘We Can’t Be Afraid of Diving into Marijuana’ | A CPA’s Unexpected Journey into the Cannabis Industry | Billion-Dollar Questions: Cannabis FAQ for Accountants | Pioneering Cannabiz CPA Warns: Tread Softly
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It’s a way founder Derek Davis, CPA, not only stays in front of his clients, prospects and community but provides them with information they should know as the industry unfolds in California.
READ MORE →

Father, Son Team Up to Capitalize on Capacity

Portrait of Bernie Ackerman
Bernie Ackerman

It's about spreading change.

By Kayleigh Padar
From Success to Significance: The Radical CPA Guide

Jason Ackerman and Bernard Ackerman run the firm BNA CPA together as a dynamic family duo. Based in Rock Hill, SC, the firm consists of 20 employees and is modernized, offering flexible schedules to its employees and choosing value pricing over timesheets.

MORE ON RADICALISM: Tips from a Veteran Product Manager | Transitioning to Radical: How Carl Famiglietti Did It | How to Develop Productized Services | Firm Product Management Is the Way to the Future | 10 Steps to Start Innovating | The Value of New Ideas
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“My dad has always had a progressive mindset,” said Jason Ackerman. “He has always had the mindset that anybody can contribute to the team and he really focuses on the team culture.”
READ MORE →