CPA Trendlines Strategy Shift Report: Accounting firms around the world reap benefits of easing oil prices, government stimulus and innovation. By Rick Telberg CPA Trendlines Tax and accounting practitioners are heading into a new year and a new busy season markedly more confident and optimistic than they’ve been in years, according to the 10th annual CPA Trendlines Strategy Shift Report. Professionals from Milwaukee to Tucson and Karachi to Kampala are telling CPA Trendlines of brightening business forecasts for their firms in 2015. Top Trends in Emerging Business Strategies Join the survey. Get the results. Fully 71 percent of professionals say they are more than somewhat confident in the business and economic outlook for their firms, with a record 30 percent telling CPA Trendlines they are “highly confident” for the […]
One key: Accept that there are many different ways of achieving the same objective. By Robert J. Lees, August J. Aquila and Derek Klyhn Not every firm can be the market leader. MORE ON LEADERSHIP: Leader Training Is Time Well Spent | Managing Partners Must Remember Partners’ Needs | 5 Questions About Your Firm’s Direction | Like Herding Cats: Partners Must ‘Walk Together’ But every firm can have a culture of excellence, of striving to be the best at everything they do and of reinventing themselves as the markets for both clients and people change.
Even if the economy still isn’t as helpful as they’d like, businesses can take steps to improve their operations. 10 New Year’s Resolutions for Businesses 1. Pay your employees first, they are your highest priority and don’t forget the IRS – keep current with payroll taxes.
Momentum is critical in driving change, so it is no surprise that the initiation of activities that drive and support the strategy is key…
These lessons were learned the hard way in the media business. But they can apply to accounting firms just as well.
By Robert J. Lees, August J. Aquila and Derek Klyhn Creating the Effective Partnership In our work with managing partners, we always talk about the importance of the partners “walking together,” of sharing that common vision. But if the partners are to share the vision, they have to play an active part in determining the firm’s direction – and, critically, how it’s going to get there.
Setting direction is the first step. By Robert J. Lees, August J. Aquila and Derek Klyhn Creating the Effective Partnership How do successful managing partners respond to the internal and external challenges they face? Without exception, all of the partners we spoke to talked about the need to have a clear sense of direction that the partners, in particular, could coalesce around. But what they considered even more important is the translation of that direction into a compelling vision and the strategies for achieving it.
The Radical CPA: New Rules for the Future-Ready Firm…
By Ed Mendlowitz The CPA Trendlines Practice Doctor QUESTION: Occasionally I get a new client in an area I am unfamiliar with. How do I find out what I do not know? RESPONSE: This happens to everyone and probably more often than we expect. Thankfully we will continue to get new business and getting clients in areas we are unfamiliar with enables us to grow. MORE PRACTICE DOCTOR Q&A: 10 Do’s and Don’ts for Making Small Business Clients Happy | Client’s Difficult Daughter Balks at Bill | 6 Simple Steps to Impress a Prospect | 10 (Nearly) Painless Ways to Keep Up to Date with Technology | When a Staffer Stops Listening | 10 Ways to Get New 1040 Clients | Making Meetings […]
It’s easy to get discouraged. Here’s how to not let it happen to you. Courage and perseverance are traits you can actually nurture and develop. From the financial advisors’ advisor Horsesmouth.com, here are 29 tips compiled from top achievers. Try one today.
Your new clients, new staff, new partners. By Hitendra Patil Pransform Inc. Have you ever watched a 5-year-old play on a tablet? It’s effortless. To them, it’s second nature. Born in 1995 or later, Generation Z makes up 26 percent of the United States population and is responsible for yearly spending of $44 billion. But they may already be impacting the future of the accounting business in four important ways: