Practice Improvement
6 Things Your Remote Accountant Policy Should Include (But Probably Doesn’t)
In a previous blog, we talked about some legal steps you need to take before bringing on your first remote hire. We outlined a few basic components you should include in your remote accountant policy, but we kept things pretty general. Hopefully by now you have a remote accountant policy firmly in place. But as the landscape…
Read More3 Steps for Building a Strengths-Based Firm
The war for talent has been going on for quite a while, and your team is feeling the impact. Staff is overextended. You’re losing key team members to other firms and they need to be replaced. You know you want the best possible hire, someone who can quickly start contributing and who will hopefully stay…
Read MoreTHE ACCOUNTING PROFESSION HAS BEEN DISRUPTED.
This probably isn’t an earth-shattering revelation if you’re an accountant. Over the last decade, your ability to make a decent living doing compliance work has decreased dramatically. Commercial tax operations are offering tax returns for incredibly low prices–in some cases, companies are even doing tax returns for free. If you’re the owner of a small or…
Read MoreSmall Steps to Big Change
Each year, firms hope to be more productive and profitable than the last. However, many want productivity and increased profits while everything else stays the same. In the midst of the full workloads, it can be difficult to embrace change, but making small, effective changes will position your firm for success throughout the year. Kaizen…
Read MoreSlow Down to Speed Up: How to Build a Thriving CPA Firm Consulting Practice
Shifting a CPA firm from a compliance to a consulting mindset is similar to any other major change. It requires leaders to make a conscious effort to slow down so that they can speed up later. A successful transition requires time and patience. While consulting provides the opportunity for significant growth and profits, that growth…
Read More3 Key Lean Improvements
As we head into another busy season, many firm leaders are finalizing an implementing the changes they have made since last year with an eye toward improving efficiency, capacity, consistency and ultimately, client value – essentially implementing Lean Six Sigma. If you’re already working in a Lean firm, then you’re currently working in a culture…
Read More4 Steps for Developing and Implementing a Client Acceptance Policy
It’s not uncommon for a CPA to have one of those clients. Maybe there were warning signs from the beginning, but somehow, they seemed to fall below the radar. Now, you find yourself serving a client who complains about their bill, has asked you to do something unethical, is always late with their information, or…
Read MoreHow and Why You Should Prune Your Client Base Annually
Firing clients, also known as Client Pruning, is a natural process for CPA firms that want to grow. The future of the accounting industry is becoming highly specialized and segmented. Pruning your client base to reflect your firm’s strategic goals and vision is a process that creates amazing results when implemented annually. Learn why client…
Read More2018 CPAFMA Technology Survey Findings – Part 3
CPA Tax and Audit Applications and Technology The CPA Firm Management Association recently conducted its second comprehensive technology survey tailored specifically to member firms with the goal of identifying the applications, products and processes utilized by peers. Where possible, the survey attempted to identify which applications firms are moving to in the cloud compared to…
Read More2018 CPAFMA Technology Survey Findings – Part 2
CPA Firm Practice Management Applications The CPA Firm Management Association recently conducted its second comprehensive technology survey tailored specifically to member firms with the goal of identifying the applications, products and processes utilized by peers. Where possible, the survey attempted to identify which applications firms are moving to in the cloud compared to traditionally on-premise…
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