Vol. 6 No.5, May 2008

Expanding Your Knowledge While Conserving Your Time.

Vol. 6 No. 5, May 2008

CPA Leadership Report reviews important ideas from articles on CPA firm management and leadership and provides fingertip access to the original articles. It also includes an electronic index to more than a thousand previous articles.

You can become familiar with CPA Leadership Report by reading the articles below marked with an *.

If you would like to subscribe (with the right to cancel at any time and have your full subscription fee returned), please click here.

*Contents (Sources)*

What's More Important, Effectiveness or Productivity? Productivity, supposedly measured by time sheets, is only a minor factor in determining efficiency. (Innovative Practice Management)
Partner Compensation—What Should a Partner Compensation Plan Look Like? Bill Reeb gives a compensation plan example. (Texas Society of CPAs, Public Practice)*
Model Compensation Plans Model plans for partners and staff by August Aquila. (CPA Practice Management Forum)
Opportunities During an Economic Slowdown L. Gary Boomer says firm members make good decisions when they feel confident, and vice versa. (Accounting Today)*
Guidelines for Your Retreat What to discuss, who should facilitate, and who should attend. (Accounting Office Management & Administration Report)
Predictions for the Future of the Accounting Profession IPA's most recommended consultants share their predictions, trends, and issues for 2008. (Inside Public Accounting)*
Before You Buy or Sell an Accounting Practice Know the ABCs before you start. (California CPA Magazine)
In Planning Your Exit Strategy, Fear is Your Enemy Fear of loss of clients to staff and fear of competitors can undermine your exit strategy. (Pennsylvania CPA Journal)
The 2008 Management Summit Conference Highlights of day two of the 18th Annual Management Summit. (Texas Society of CPAs, Public Practice)
Don't Give Away Services How to use change orders. (RedZone, Play of the Month)*
What Makes for Good IT Governance? The role of the CIO, and other issues. (L. Gary Boomer)
Top Ten Technologies for CPA Firms AICPA survey lists the most important technology applications for 2008. (Current Accounts)
So You Think You Can Create a Firm Culture Firm cultures can be created by behavior, but not by articulation. (Partner Insights)
Update on Mobility Legislation Maryland is the 18th state in the nation to enact mobility legislation. (Maryland Association of CPAs Inc.)
Leadership Opportunities for Women Increasing Programs for women are flowing down from the Big Four to smaller firms. (Accounting Today)
View the Profession from the Eyes of Young CPAs Interviews of young CPAs provide a unique and valuable perspective on the profession. (Florida CPA Today)
Internships Work at Firms of All Sizes How to use interns. (Accounting Office Management & Administration Report)
Flexible Work Schedules Increasing in Accounting Firms One professional needed to spend more time with his dog. (Accounting Today)
How to Set Fees A checklist of best practices. (Journal of Accountancy)
Leadership Training Young people are learning more than some of their more senior partners. (Possibilities for CPA Firm Leaders)
The Problem with Mentoring A limitation of mentoring is fear that weaknesses will be held against the protégé at promotion time. (Golden Practices)

Books in Serial Format Chapter 7, “Focus on 10s,” from Power Up Your Profits, Second Edition, by Troy Waugh, CEO of The Rainmaker Academy. This book covers principles, strategies, and techniques to help you build your practice by obtaining clients and building their businesses. We present one chapter per month, or you can order the book now. (Rainmaker Academy)