Better Talent Drives Better Results

…If you have hired primarily low-level, cheap staff, you have some work to do before you begin hiring better talent. First, you have your present staff, because you’ve been keeping…

The Morning After the Merger

https://cpatrendlines.com/2020/09/17/the-morning-after-the-merger/The definitive 24-point checklist.

By August J. Aquila

You just signed the merger agreement and everyone goes out to celebrate. The work is over and now you think you can relax.

MORE: 6 Action Steps for a Smooth Retirement Transition | 7 Succession Planning Best Practices | Grissom and Aquila on Partner Performance Evaluations | Gross Profit in a Professional Services Firm: Opening a Dialogue
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What else is there to worry about?

Plenty!

You now have to move your eye from the financial to the human side of the merger.

Your work in this area has just begun and may last for 12 months or more.
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The One Big Reason Your Hiring Sucks

Three partners, one male and two female, walking and smiling outside a buildingAnd three ways to fix it

By Ty Hendrickson

It’s said in the profession that employees must earn their place by proving their loyalty to the firm through years of experience.

MORE: 5 Crucial Areas of Firm Culture Not to Ignore | The CPA Firm Partner’s Role Is Changing | Are You Botching Your First Impression? | Maybe the Pandemic Isn’t All Bad | The No. 1 Reason Accountants Fail To Build Advisory Practices | The REAL Problems Created in a Remote Workforce | 4 Reasons to Welcome Rejection
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That might be one of the biggest lies in our industry right now and the No. 1 reason firms are facing recruiting and retention problems.

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Marketing Tax Services

…includes positioning the firm, introducing the services to the clients, and getting the engagement. Also necessary is training staff and partners to recognize opportunities to better serve the client, and…

How the Cloud Impacts Server Replacement

You can save, but don’t hand the task to just anyone.

By Roman H. Kepczyk
Quantum of Paperless: Technology Guide & Checklist

The traditional core computers used for operating all applications are file servers managed internally within the firm. Downtime for a day or two is a disaster. If an “out of service” stoppage stretches to a week or more, partner income will suffer measurably.

MORE: Laptops vs. Desktops | The Best Scanners to Buy Today | Capturing Documents at the Source | The More Monitors, the Better
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Simply put, mission-critical file servers utilized for tax, audit, time and billing, and email have – at most – an effective five-year life. After this time, equipment becomes significantly more difficult to maintain whether you have a warranty or not.
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When CPA Partner Votes Go Wrong

Percentage signs on round hanging tagsThere’s a better way.

By Marc Rosenberg
The Rosenberg Practice Management Library

It may seem intuitive to use ownership percentage to decide important financial and governance issues.

MORE: Why Billing Less May Mean Earning More | What Smaller Firms Must Do to Become Firms of the Future | The 13 Signs You Have a Partner Problem | COVID-19, Adversity and Innovation | How Covid Impacts Partner Retirements |  Three Tough Questions in Partner Buyouts | Reward Partners for Performing Like Partners | 7 Points of a Well-Crafted Partner Buyout Agreement | Smart Tech Tips from Top CPA Firms
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Here are three common reasons why… And one important reason why not.

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