FEBRUARY 2011 BEST PRACTICE SUGGESTIONS

Every month we select some of the best ideas for practice improvement from the accounting literature. Here are the selections for February 2011. For the archive, click here.

BEST PRACTICE
LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT
DATE OF ARTICLE
Management/People/Culture
Micro-Niche Boutique:Consider forming one-- simply a subcategory of a niche that targets the special needs of a narrowly defined group of clients.
February 2011
Incentive Compensation: Incentives should be (1) linked to overall firm, as well as individual, performance (2) offer rewards substantial enough to motivate, and (3) readily understood.
February 2011
Client Services
Adding Client Value: Two important things:
1) visit them, and
2) outsiders are more likely to generate ideas for improvement.
February 2011