Insight from experts on current issues for CPA firms, partners, and managing partners.
Source: The Managing Partner Advisor, July, 2018 The following includes excerpts, reproduced with permission, from an article by Gary Adamson. A CPA firm succession survey reported that 78 percent of firms do not have client transition expectations…
Source: Journal of Accountancy, May 21, 2018 Initiatives aimed at boosting the number of women in leadership positions are common in accounting firms but are often met with mixed success. In this 20-minute podcast, Nancy Droesch, a CPA and co-founder…
Source: The Marc Rosenberg Blog The following includes excerpts, reproduced with permission, from a blog entry by Marc Rosenberg. I’ve identified what I consider the 16 most critical provisions in CPA firm partner agreements. The items are not listed…
Delegation is central to effective management of accounting firms, so why do so many managers and partners need help in this area? The bottom line: Delegation doesn’t come easy for a lot of us. Problems delegating may stem from a lack of trust in…
Source: Journal of Accountancy, March 7, 2018 What will tomorrow’s accounting firms and departments look like once lower-level, repetitive tasks are automated and vast amounts of data can be mined for insights? Part one of this podcast explored how…
Source: RedZone Blog, April 17, 2018 The following includes excerpts, reproduced with permission, from a blog entry by Accountants Advisory Group . Traditionally, partner accountability provides guidance to partners on establishing and implementing…
Source: The Marc Rosenberg Blog, April 16, 2018 The following includes excerpts, reproduced with permission, from a blog entry by Marc Rosenberg. The dual-headed monster of succession planning and finding quality staff is causing anxiety at firms…
Source: Accounting Today , March 20, 2018 Mergers involving accounting firms present distinct case-by-case challenges, as well as some shared challenges, according to author Russell Shapiro, who is an M&A lawyer specializing in the accounting…
Source: The Partner Advisor, March 14, 2018 The following is a complete reprint, reproduced with permission, of a blog entry by Gary Adamson. Who does the hiring at your firm? In CPA firms, at least in those under fifty people, the recruiting and…
Source: Public Practice, February 2018, published by The Texas Society of CPAs Although workload compression is a top concern of CPA firms, it’s a problem that is expected to only get worse over the next three years. This is one of the primary…
Source: Firm of the Future In response to a question from a sole practitioner, Ron Baker gave him advice on how to distinguish his tax return services from those of H&R Block — and therefore be able to increase the value of and charges for his work…
Like other industries, accounting has had its share of disruptive business forces in recent years, brought on both by technology and an ever-changing regulatory environment. But blockchain may be the biggest disrupter yet. And the consensus opinion…
Sec. 1031 exchange activity has picked up considerably in recent years, as real estate sellers facing significant capital gains look for opportunities to soften the tax blow. By exchanging real property for other real property of “like kind,” owners…
Source: Journal of Accountancy As the frenetic pace of tax season approaches, accounting firms face their annual test: Can they deliver timely tax work that’s free of errors, oversights, and client complaints? This article offers three tips to help…
Source: Public Practice Here are six symptoms of sickness: 1. Weakness in or lack of strategy. If you don’t know when you should decline the opportunity to merge or open a new office, you don’t have a strategy. 2. Lack of urgency. You cannot be…
