Success in any niche will depend on having the right person in the firm driving it....more
Don’t try to pressure partners or staff to join organizations because you favor them and don’t just join—become active....more
What they want to talk about with you is how to make their businesses successful....more
The AICPA has recently been trying to educate members on the need for transparency in peer review....more
Tax credit programs exist that may reward their day-to-day efforts aimed at producing a more efficient product....more
Gross revenues in fiscal 2005 increased by 8.4 percent over the prior year, and chargeable hours increased 3.5 percent....more
They distinguish between “interesting extroverts” and “interested introverts.”...more
Recruiting talent has become increasingly competitive, due largely in part to a significant decline in the number of CPA designations awarded to accountants....more
Relevant goals in the compensation system include revenue and net income per owner and per employee, chargeable hours, realization, managed revenues, monthly billings, etc....more
Tens of thousands of CPA firms – for a number of different reasons – make peer review results available beyond the reviewed and the reviewer....more
By increasing productivity, it enables firms to assume a greater workload with existing staff, increasing profitability....more
Today's accounting profession is challenged by the classic high demand/low supply of experienced professionals....more
It is a good option in place of the old “up or out” system....more