Insight from experts on current issues for CPA firms, partners, and managing partners.
"Nothing is easier than fault finding." - Og Mandino Who did it? Something happens that should not have happened. A mistake was made. Somebody forgot to do something. Someone did too much. Someone gave out the wrong information to a customer, and so…
Estate Tax Repeal: What Would It Mean for Estate Planning? If the Republican-controlled Congress and White House have their way, it’s likely that legislation will be introduced in the near future to repeal the federal estate and generation-skipping…
Price it Right! As a young consultant I remember partners telling me that they were in business in make a profit. After several years of hearing this and seeing what little profit they made, it became clear that making a profit was not the primary…
When interpreting the tax code and regulations, the IRS often elevates form over substance. And nowhere is this more true — or dangerous — than in the substantiation requirements for charitable deductions. As one taxpayer recently learned the hard…
Would you like to help your clients comply with Affordable Care Act (ACA) IRS reporting and mitigate noncompliance penalties? Do you need an action plan to avoid last-minute reporting headaches? If you answered “yes” to either of these questions then…
How do you help your clients determine the buyer or category of buyer that will lead to a successful sale of the business? Is the potential buyer likely to be a strategic buyer, a financial buyer, or a related buyer? Strategic Buyers are generally…
Our most recent Leadership Forum Question was: How can a managing partner run an effective partner retreat? Here is a response from Marc Rosenberg : Two main ways: 1. Observe best practices of leading a retreat, regardless if one is the MP or an…
"If you're trying to be successful, networking is the difference between mediocre and big." - Jeffrey Gitomer Most business owners and executives realize by now that they are getting a lot of new business via social media. Many new customers now come…
No matter what position you hold in your firm, your ability to lead will determine the extent of your success. Leadership skills enable you to guide clients effectively, get team members and firm leadership to buy in to your ideas, and develop the…
In recent blog posts, Marc Rosenberg shared insights from experts about the future of accounting, and offered his own perspective on the best way for firms to engage and develop new partners for the future. What experts are saying about the future of…
When interpreting the tax code and regulations, the IRS often elevates form over substance. And nowhere is this more true — or dangerous — than in the substantiation requirements for charitable deductions. As one taxpayer recently learned the hard…
A lot of the advice we give accounting firms revolves around websites, social media platforms other strategies to create and maintain a digital presence. Your firm would be unwise to ignore these tools as a critical component of your overall…
The following includes excerpts, reproduced with permission, from a blog entry by Marc Rosenberg. In it, Rosenberg summarizes key takeaways from a recent talk by Greg Burbach, managing partner of Honkamp Krueger in Dubuque, Iowa. Client relationships…
As marketers, we constantly encourage accounting firms to create and share case studies and testimonials based on their work with clients. These are powerful tools that let readers picture themselves as clients of the firm and get a real sense of the…
Are you one of those natural networkers who rushes gleefully from one event to another with bells on? Some are, I’m told, but more of us tend to view the responsibility as a burden we just don’t want to face. Luckily, there are a wide range of…
