Posts Tagged ‘Firm Administration’
A conversation with Managing Partners
I recently facilitated a panel discussion with three managing partners. The topic of discussion was around developing future leaders. They also shared best practices around creating a culture focused on creating value for clients, and not just what we ordinarily think of as value. True value and deep relationships that come from a focus on…
Read MoreThe Fifth Step in Succession Planning-Develop and Execute a Transition Plan
In previous blogs, I discussed the need to assess the level of need you have for replacing retiring partners, how to assess your firm’s potential for partner level talent, developing that talent into viable successors, and making sure you have the right financial arrangement for buying out and admitting new partners. The final step is…
Read MoreTwo Simple Questions To Ask Your Clients
Every CPA we meet is committed to delivering exceptional client service. However, it’s easy to get caught in a transactional rut working on client engagements and miss the opportunity to spend a few minutes on your relationship with each of your clients. Since client retention has consistently been one of the top five issues for…
Read MoreSeek A Higher Level Of Engaged Employee For Your CPA Firm
You have read a lot about it. I have written a lot about it. Hopefully, you are working on it. I am referring to developing and retaining engaged employees. Per the Gallup organization, there are three types of employees: ENGAGED employees work with passion and feel a profound connection to their company. They drive innovation and move the…
Read MoreHow to Involve Your Young CPAs in Growing Your Firm
It’s no secret that a lot of CPA firms are facing succession of partners now – and will for years to come. As we work with firms to help them grow, one of the most common questions we get is how to involve their young people and what should they be doing? What should your…
Read MoreIRS Expands Use of Electronic Signatures to Forms 8878/8879
One of the biggest hassles that firms have to deal with is getting signed authorizations from clients to file/extend their tax returns. This usually entails multiple staff being involved in communicating with the client and dealing with a myriad of delivery methods to and from the client. Source documents can include physical forms, faxed forms,…
Read MoreCommunicate To Drive Change
“Every time I find the meaning of life, they change it.” Reinhold Niebuhr Have you found the meaning of life? If we each had to define our meaning, the meanings we’d interpret would be as diverse as our backgrounds, experiences and beliefs. But no matter what you’re planning and expecting in this life, the one…
Read MoreThe Role of The Firm Administrator
Yes, I have been talking about the important role of the firm administrator for about 30 years! Your firm does not have to be large or mid-size or small. The “right-hand” to the Managing Partner is a key ingredient to the management and administration of a successful firm. Do you have one? Do you need…
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