March 2011 Best Practices Tips
Every month we select some of the best ideas for practice improvement from the accounting literature. Here are the selections for March 2011. For the archive, click here.
| BEST PRACTICE | LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT | DATE OF ARTICLE |
| Management/People/Culture | ||
Run Firm Like a Business: Two keys among others--1) specialize and 2) take care of your “stars.” |
The Recession's Silver Lining for CPA Firms | March 2011 |
Process Can Stifle Creativity: Example--Lean/Six-Sigma if it treats everything as a process and ignores results. |
How Process Can Stifle Creativity | March 2011 |
Pricing Should Reflect Special Expertise: If you have special skills and are at full capacity, you have a pricing opportunity. |
Leverage Specialized Skills for Increased Profits | March 2011 |
| Risk Management | ||
| Client Agreements Can Avoid Suits in Other States: Provide that suits must be filed in a specified jurisdiction. |
Maintaining the Home Court Advantage | March 2011 |