salary

Organization Minutes Too Often Overlooked

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We’ve got a 34-point checklist to fix that.
Green checks being made on checklist

By Ed Mendlowitz
77 Ways to Wow! The Checklist Handbook for Advisory Services.

Corporate, LLC, partnership and not-for-profit organizations are usually required to have minutes memorializing certain actions taken by the board of directors or governing body. Yet, many do not either because it has never been done, is a bother, is considered not necessary or overlooked through inaction or unawareness.

MORE: Five Cash Reports You Can’t Live Without | The Priorities Were Backward | How to Read a Financial Statement | 77 Thoughts about Client Needs
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However, it is something that should be done as a best practice, as recognition that there are non-active stakeholders who need transparency, or as tangible evidence that the actions recorded took place timely. In some instances, the IRS looks for minutes as a symbol that the affairs were handled on a businesslike basis or were not one-sided “secret” actions by those in control.
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Staffing Crisis: 40% Are Looking for New Jobs

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data chart
Adecco Group 2022 Salary Guide

Money isn’t the biggest draw.

By CPA Trendlines

America’s workers are on the move. Maybe it’s post- (let’s hope) pandemic restlessness. Maybe it’s the closing of companies and the loss of jobs. Maybe it’s the windows of opportunity that opened during remote work.

MORE: The FinTech Flood: Accounting Will Never Be the Same | CPA ROI DOA: Why the Next-Gen Accountant Won’t Be a CPA | Matt Wilkinson: Think Small to Think Big | How to Communicate Your Value  | Payroll Services Rocket with U.S. Economy | Internal Communication Can’t Be Overlooked | Top Issues: Talent, Time, and Transformation |  The Disruptors: Re-Inventing Accounting with Tyler Anderson |

More in RECRUITING  & TALENT MANAGEMENT

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Whatever it is, an astonishing 40 percent of workers say they are likely to consider a new job opportunity in 2022, according to the 2022 Salary Guide issued by The Adecco Group.
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How a Good Managing Partner Impacts Profitability

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10 best practices.

By Marc Rosenberg
The Role of the Managing Partner

I have compared a “true” managing partner to an administrative partner. Both are important positions. Both share many common duties and expectations. But true managing partners are more valuable because they function like corporate CEOs and thus make a bigger impact on the firm’s overall performance than admin partners.

MORE: The 9 Biggest Merger Pitfalls | The Managing Partner’s Role in Mergers | Five Ways to Evaluate Partners | Manage Partners with Goal Setting | Overarching Authority That Managing Partners Must Have
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These three duties differentiate true managing partners from admin partners. True managing partners

  1. Manage partner performance and behavior
  2. Hold partners accountable
  3. Drive the firm’s growth and profitability

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Yes, Your Clients Need Annual Minutes

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Businesswoman writing with pencil on notepad in the officeBONUS CHECKLIST: 34 items for corporate or organization minutes.

By Ed Mendlowitz
The CPA Trendlines Practice Doctor

QUESTION: Should my corporate clients have annual minutes?

MORE: 14 Better Uses for Timesheet Data | Tossing Timesheets Is Just the Start | How’s Your Overhead? | 9 Must-Haves for Firm Growth | Collect More by Clearing Up Billing | Envision Your Future, Then Plan for It | 5 Ways to Build Teamwork
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ANSWER: Yes. And not only corporations, but also partnerships, LLCs, not-for-profits and other entities.
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Build Trust through Transparency

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Make sure your people understand what they’re seeing.

By Jody Grunden

Joel Gascoigne, founder and CEO of Buffer, a SaaS product that helps users schedule social media posts, has become very well known for building a transparent organization.

MORE: How to Run Effective Leadership Team Meetings | Toss the Org Chart for an Accountability Chart | How Core Values Affect Remote Work Culture | How ‘Tech Stacks’ Can Help You Standardize
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A few examples of the types of information that Buffer shares publicly include salaries and equity shares of all team members, company SaaS metrics and things they’re learning in their journey – good and bad.

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