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Why You Can Be a Virtual CFO

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Accountants are perfectly positioned.

By Hitendra Patil
Client Accounting Services: The Definitive Success Guide

Tom, a CPA, has always been a curious person. For over 15 years, his tax “practice” was doing well. During the tax season, he had no time to think. But, oblivious to himself, with each tax return, he was depositing new questions in his subconscious.

MORE: Can You Identify Real CAS Prospects? | Client Wants Vs. Needs | The Big Money in CAS for Small Firms | The Mindset You Need for Client Accounting Services
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He is now a shared CFO of 12 companies. But he took up the CFO work accidentally.
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Each Generation Must Change

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Older man and younger man having meeting at deskHow can you be part of the solution?

By Jennifer Wilson
Bridging the Gap

Much like siblings, multiple generations working at the same firm often bring entrenched points of view and strong biases that have at least some basis in truth. Dropping these notions may be uncomfortable and require a conscious effort, but will benefit the firm as well as individual relationships within it.

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With three distinct generations in the workplace today, the impacts of generational differences are phenomenal. Firm leaders are challenged to balance and blend each generation’s unique historical context, motivators and somewhat differing values systems to create a unified team and a sustainable firm.
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61 Things Buyers Should Explore with Sellers

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Businesswoman in a meeting with a male colleague smiling at him as they sit at a table discussing paperwork over coffeeEverything from reporting to décor.

By Marc Rosenberg
CPA Firm Mergers: Your Complete Guide

Here we list 61 issues with mergers and acquisitions, and additional items will undoubtedly arise on a case-by-case basis.

MORE: Why Merging in Smaller Firms Is Fabulous | Selling Your Firm? What to Expect | Merger? The 100 Data Points You Need First | Why Do You Want to Merge? Be Honest.
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If a buyer pursued every one of these issues, it could take years to negotiate the deal and would ensure severe deal fatigue. So as you review this list, prioritize what issues are most important and customize these questions to the seller’s unique situation.
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When Clients Call You at Home

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Consider privacy issues.

By Ed Mendlowitz
Managing an Accounting Practice, The Complete 2-Volume Set: 202 Questions and Answers:

Q: I try to respond quickly to my clients’ calls and emails, but now they even call me at home. What can I do about this?

MORE: How to Handle Referrals with Attorneys | Audit Reports Without Doing the Work? | Ask These 10 Questions Before Adding Financial Services | 10 Reasons Clients Don’t Pay
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A: You told me you have an office and also give your clients your cell number to use. You also told me that you carry a smartphone and told your clients you prefer emails and can respond quicker to them. You also told me you get many compliments on your responsiveness.
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New Hope for Privacy Legislation?

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Apple CEO urges legislators to draft comprehensive privacy legislation, but how much can the heavy tech hitter influence Congress?

By Rick Richardson

Early in June, Apple’s Tim Cook wrote to legislators involved in the drafting of the American Data Privacy and Protection Act (ADPPA). In the letter, Cook said Apple realizes there are several outstanding issues but that areas of agreement outweigh the differences.

Protecting User Privacy

MORE: Blake Oliver: Why Tax Work Yearns To Be Free | Private Equity Explodes in U.K. | Brannon Poe: The Status Quo Must Go  |  Accounting Nerds, Unlock Your Super Powers  | Private Equity vs. the CPA Firm Partnership The FinTech Flood: Accounting Will Never Be the Same  |  Think Small to Think Big with Matt Wilkinson | Your Sales Tax Headaches Are Only Just Beginning | When Financial Statements Go Extinct with Corey Schmidt  |  Can Geraldine Carter Save Accountants from Themselves? |  Re-Inventing Accounting with Tyler Anderson |  Turning Client Service into New Revenue

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Cook argued privacy is a “fundamental human right” for Apple and that the company believes in protecting users and, by default, their information. Cook stated Apple minimizes data collected, offers user transparency on what data is collected and how it is used, and builds systems to protect user information.

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