Let’s Talk About the Fiscal Close

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.

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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.”
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Building a CPA Marketer’s Tech Stack

The right tools for the job.

Goricki

By Bob Goricki
Skoda Minotti

Being a CPA firm marketer means that you are often faced with two major limitations: time and budget. Unfortunately, I’m unable to create more of either, but I can point you in the direction of tools that can help maximize both.

More at CPA Trendlines on: Marketing, Practice Development, SalesGrowth Strategies.

At this year’s AAM Summit, I’ll be sharing 10 of my favorite tools that help CPA marketers work smarter, not harder. While the full list will have to wait until May, I want to share a few “bonus” tools in this blog to jumpstart your post busy season marketing efforts before the conference. All of the tools below are free to try, so get started today!

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IRS in Retreat from Communities

Disappearing brick-and-mortar offices undermine voluntary compliance, raising IRS costs.

By Rick Telberg
CPA Trendlines

In case you haven’t noticed, the Internal Revenue Service has been retreating from local communities.

SPECIAL REPORT – Fixing the IRS: IRS #FAILs at Online Services Spell Problems for Professionals | Tax Accountants Fill the Breach of a Failing IRS | Beware the EZ Way Out | Can the IRS Improve Its Phone Service? | When Clients Face ‘Unreal’ IRS Audits | IRS Warns about Private Debt Collectors for Tax Season 2018  | Underfunded IRS Swamped with Problems | IRS in Retreat from Communities | Military Personnel Face New Battles at Home: The IRS | As New Economy Surges, IRS Falls Further Behind | Is the IRS Winning the Battle Against Identity Theft? | IRS Mulls Raising Fees to Cover Budget Shortfalls  |

More at taxtrendlines.com

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Today it has outreach offices in only 33 states and the District of Columbia. Private sector tax preparers are about as close to the IRS as most taxpayers can get.

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Transitioning to Radical: How Carl Famiglietti Did It

Portrait of Carl Famiglietti
Famiglietti

No timesheets. No titles.

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

“The position makes the person,” said Carl Famiglietti, managing partner of Moody, Famiglietti & Andronico, a 160-person firm located in Tewksbury, MA. His firm has undergone Radical changes since he took the helm in 2004, a time that he calls “The Reset.”

MORE ON RADICALISM: Going Deeper into Product Management | Productized 1099s the New Vision Way | Karbon Builds a Practice Management Platform on Steroids | Why Our Clients Need Us to Be Radical | Introducing the Fifth Radical Tenet: The Business Model
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Famiglietti has learned a lot as he has focused on building an organization for perpetuity.
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