Thinking Merger? Look Before You Leap

August Aquila

The seven essential phases of a successful merger.

by August Aquila
Aquila Global Advisors

If you’re contemplating a merger, then stop and think for a moment. A successful deal requires careful thought and planning.

In this article, we examine the seven phases common to most mergers. And CPA Trendlines PRO members will find the free instant download: “The Pre-Merger Data Gathering Checklist for an Accounting Practice.” READ MORE →

Practice Development Is No Longer Optional

“You can’t not try.”

by Marc Rosenberg, CPA
Author of What Really Makes CPA Firms Profitable?

Certainly, one of the most obvious ways to increase revenues is by bringing in more business. Firms usually find that most or all of this additional business falls directly to the bottom line. So why don’t so many firms at least try to do it?

Marc Rosenberg
Marc Rosenberg

More Marc: 10 Good Ways the Achieve Partner Accountability Pick Your Partners Right to Begin With  •  The First Nine Questions Your Partner Team Needs to Embrace for Optimal Profitability  • Profitability and The Value of Strategic Thinking  • The Five Essential Building Blocks for Creating a Strong Accounting FirmThe Seven Signs of Great Leadership in a CPA FirmCompensation Issues for the New Managing Partner  •

Marketing is certainly one of the biggest, if not the biggest, ways the CPA industry has changed over the past 30 years. Many years ago, a client of mine told me that all that is needed to be successful is to hang out your shingle and have good technical skills and reasonably good interpersonal skills. Sooner or later, clients would come. READ MORE →

10 Ideas to Keep Your Firm Moving Forward

Attract and retain the best and the brightest. by Jean Caragher Capstone Marketing Daniel Burrus, considered one of the world’s leading technology forecasters and business strategists and author of six books including “Flash Foresight: How to See the Invisible and … Continued

Seven Smart Ways to Make This Your Best Tax Season Ever

How to make tax season work for you and not just your clients.

By Ira S. Rosenbloom, CPA

Tax season is a fantastic business cycle for accounting firms but too few leverage all of their hours to capitalize on its value. The time has come to maximize the value of tax season and make this your best tax season yet.

Here are seven vital agenda items to achieve the kind of success you deserve: READ MORE →

A&A Report: Accounting for Long-Lived Assets; AU-C Section 520; Planned Nonattest Services Changes

[Free podcast]

Practical accounting and auditing guidance from the Plain-English A&A update service by Dr. Thomas A. Ratcliffe, PhD, CPA

EXECUTIVE SUMMARY:

 Accounting for Long-Lived Assets: Addressing Impairment Issues

When events or changes in circumstances indicate that carrying amounts of long-lived assets might not be recoverable, it is important to remember that these assets need to be evaluated to determine if impairment losses should be recognized.

AU-C Section 520: Analytical Procedures

As auditors implement the clarified auditing technical literature in calendar-year 2012 and subsequent period engagements, they need to understand and implement new guidance associated with use of analytical procedures in audit engagements.

Planned Nonattest Services Changes: Preparing Statements

Both the AICPA Professional Ethics Executive Committee and Accounting and Review Services Committee have exposure drafts with comments due by the end of November where the plan is to include preparation of financial statements under the umbrella of nonattest services performed for clients.

Click READ MORE to get the free 10-minute podcast. READ MORE →