MAY 2014 BEST PRACTICE SUGGESTIONS
Every month we select some of the best ideas for practice improvement from the accounting literature. Here are this month's selections.
BEST PRACTICE
LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT
DATE OF ARTICLE
Management/People/Culture
Differentiate Your Firm: Firms are trying to be “different” by copying other firms. Firms must create a differentiating positioning strategy by actually being different:
- People and culture is what will actually differentiate your firm.
- Individuals at the firm and the relationships with your clients is what makes you unique.
- Firms must inspire motivated people and create a culture of innovation.
May 2014
CPA Firm Technology: Marc Rosenberg and Roman Kepczyk look at CPA firm technology practices:
- Practice good email hygiene: look up emails monthly to capture unrecorded billings, adopt a one touch policy, do not check email constantly.
- Transition from two moniters to three.
- Test your data back up system.
May 2014
Clients and Client Services
Pain Points for Clients: Pursue the role as trusted advisor to your clients by helping them with these areas that they need help with:
- Health insurance costs/Affordable Care Act.
- Keeping up with federal and state legislative/regulatory requirements.
- Keeping up with tax changes and the complexity of tax laws.
- Gaining access to capital and small business loans.
May 2014