| BEST PRACTICE |
LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT |
DATE OF ARTICLE |
| Management/People/Culture |
Consider the alternatives before you let go of people you’d rather retain. Options include:
- Reducing workweek.
- Freezing salaries.
- Reducing or suspending firm matching contributions to retirement plans.
- Allowing some employees to work at home.
|
Lay Off the Layoffs |
May 2009 |
| When choosing a technology leader, technical skills have surprisingly little to do with it. Driving a firm’s IT strategy is a lot like driving a car. It’s more important to know where you’re going than it is to understand the mechanics of how the car will get you there. |
Technology: Is the Right Person in the Driver’s Seat? |
May 2009 |
| Strategy and Profitability |
| “Until you start hearing complaints that your rates are too high, they may be too low and you should reexamine them.” |
Is it Safe to Raise Your Billing Rates? |
May 2009 |
| Succession/M&A |
| Inform clients about the merger before the news becomes public, but close enough to the announcement to minimize the time they have to make erroneous assumptions. Visit the most important clients. |
Keeping a Merger From Falling Apart |
May 2009 |
| In a multi-partner firm, if a senior partner’s equity is distributed pro rata to the remaining partners, another senior partner can end up with 51% of the equity, giving him total control. This may be dangerous if that partner shifts to an “eat what you kill” system. |
Common Pitfalls in Ownership Distribution |
May 2009 |
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