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which kpis do you need?

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mature businessman holding an electronic tablet inside an office buildingconsider how the data will be used.

by ed mendlowitz
77 ways to wow!

key performance indicators (kpis) are shortcuts and tools to give managers a quick grasp of essential activities enabling greater control. whether a manager runs a business, not-for-profit, governmental unit, department or a small group, kpis can help the manager be more effective, achieve goals and better serve customers, stakeholders or others relying on the organization.

more on advisory: when an audit is a great thing | how to read a financial statement | the kpi an absentee manager needs | which kpis do you need? | the seven-minute financikal statement
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managers need to develop the kpis that will help them the most. this development should be based on what they are doing now (with some tweaking) so they get four or five numbers daily that will not take more than three minutes to absorb, assess and activate changes, if necessary. transparency and sharing the kpis will also draw team members into the process.
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the role of the personal cfo

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woman and man talking with coffee, laptopyour client? the family ceo.

by anthony glomski

truly consultative collaborative wealth management stands in stark contrast to how most investors and their advisors operate today. even the most affluent and successful people you know – professionals, entrepreneurs, executives – rarely take this type of coordinated and comprehensive approach with their finances.

more: three components of collaborative wealth management | cashing out: your business clients’ five big issues
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the vast majority of people tend to address retirement, estate planning and other financial goals on an ad hoc basis – treating these issues as separate concerns and placing each one in its own discrete box. given that, their efforts to deal with their many interconnected issues are not coordinated. this leads to challenges that can jeopardize their financial health as well as that of their families, their practices or their businesses.
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listen to learn

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four people meeting for business luncheffective networking is an art.

by steven e. sacks
the new fundamentals: thriving in disruption

there is no one right way to effectively network. you can join boards, attend conferences and sign onto various electronic forums, among other ways. no matter how you decide to get yourself out there, the critical factor is the approach you take. asking others, “how may i help you?” is the positive, proactive way to establish relationships.

more: build the framework to a solution with five answers | try for success, not a win
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you as the networker are seeking to build a relationship. if the other person or group benefits from your effort, think of it as an investment for the future. if you are looking for an immediate quid pro quo, it will become transparent to the other party. when you offer assistance, be authentic and sincere in your words and actions. follow through on your promises.
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better ways to attract and retain talent

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new staffing strategies for the next-generation accounting firm

by hitendra patil
client accounting services: the definitive success guide

topmost thought leader ronald j. baker said, “the world bank reports that 80 percent of the developed world’s wealth resides in human capital, illustrating that we’ve been in a knowledge economy since the 1950s. yet most accounting firms are utilizing a business model developed during the industrial era, with a relentless focus on efficiency and a ‘we sell time’ mentality.”

more: clients have higher expectations | 8 ways to create your cas practice | the big money in cas for small firms | what cas is and isn’t | do you value your cas value? | the mindset you need for client accounting services
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in his succinct and soul-searching praise for “accountaneur: the entrepreneurial accountant,” baker urged, “from changing your business model to focusing on developing your firm’s human capital, and more – will keep your firm relevant as we encounter an increasingly turbulent and changing marketplace.”
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how to handle referrals with attorneys

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let’s redefine currency: seven forms, and none are cash.

by ed mendlowitz
managing an accounting practice: 202 questions and answers

q: i referred a large amount of business to an attorney friend, and she hasn’t reciprocated. i asked her for a referral fee and she declined. i’d like to keep referring her because she does a great job for my clients and that makes me look good, too. what should i do?

more: audit reports without doing the work? | why partner retreats are worth the cost | why checklists? | ask these 10 questions before adding financial services | selling your practice is not a retirement strategy | thirteen things to know before selling your practice | 10 reasons clients don’t pay
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a: it is always the right thing to look out for your clients’ best interests. referring the best attorney you know for a job is the right thing to do. but…

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three components of collaborative wealth management

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two older businessmen talkingbonus: the five meetings that will follow.

by anthony glomski
your $5 million high-net-worth practice

just like starting a business or building a practice, most of your successful clients know that nothing truly valuable is free or easy. same goes for their pursuit of financial freedom. it will take hard work, discipline and smart thinking to overcome and solve those challenges.

more: cashing out: your business clients’ five big issues
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but what most type-a business owners, executives and professionals you work with don’t realize is that they don’t have to do it alone. there is plenty of help available to empower them to close the gap between where they are today and where they want to be down the road. chances are they’re going to reach out to reach out to you (their cpa) first for guidance. will you be ready when they call?
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cloud backup declining

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appliances are considerably behind. but who’s still using tape?

the accounting firm operations and technology survey

backing up to the cloud is in a curious position. it’s the most popular primary system for accounting firms, but it’s on a decline, whether it’s handled by the firm or a vendor.

bar chartcloud backup was chosen by 37.3 percent of respondents to the accounting firm operations and technology survey, down from 42.3 percent.

more: only 19% of firms host email | 52% of firms look outside for it support | firms battle disruptions in communications and workflows | pandemic changed work for 64% | pandemic? what pandemic? | m&a looms large for 30% of firms | today’s top 3 tech problems: security, client onboarding and workflow | today’s top 3 problems: staffing, workflow and tech
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backup appliances were chosen by 21.3 percent as shown in the chart below.

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should the irs create a free file app of its own?

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three ways to fix the program.

by 卡塔尔世界杯常规比赛时间

here’s something weird: the irs offers the vast majority of taxpayers the option to use the free file program to prepare returns.

more: irs audit rates are dropping, and big earners couldn’t be happier | six more ways to fix the irs | is remote the new normal? | accounting pros face challenges in turbulent times | your tax season success plan starts here, now | tax prep fintech startup: april raises $30 million | accountants agree: the top five ways to fix the irs

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it costs taxpayers nothing. yet only three percent use it. can it be fixed? should it? congress is weighing in.

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five post-tax season growth ideas

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pull out your notes from client meetings.

by sarah johnson dobek
inovautus consulting

we believe you should be marketing your services during tax season because it’s the very best time to grow your business. we also realize that many professionals experience a lull in their business development and marketing activities simply because seasons overlap.

more: six tips for winning more proposals | four ways to propel new cpas into growing your firm | four ways to help young rainmakers build their skills | seven reasons your growth plans are stalled | take the pressure of ‘selling’ out of ‘cross-selling’
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spring taxes are followed by conference season, which leads into summer vacation – and next thing you know, kids are going back to school and the fall deadline is whispering your name. we want to see you grow in every season so we’ve compiled five ideas to keep your growth momentum going.
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dell tops in accountant tech

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cch, quickbooks among leaders in software.

by 卡塔尔世界杯常规比赛时间 research

one of the biggest decisions an accounting firm can make is a choice of tech product. whether it’s a third monitor for everybody or a tax app appropriate to the firm’s size, it’s an expensive decision that can cause headaches in the short term or continued costs in the longer term.

more: tech vexes 58% of solos | firms on the brink of big spending  | should the irs create a free file app of its own?  |.why the future is in risk advisory  | survey: only 19% of firms host email  | 52% of firms look outside for it support
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the annual accounting firm operations and technology survey, using data from 2021, tracked data on preferred hardware and software brands. here are some of the most popular tools.
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clients’ new expectations

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businessman pressing virtual "automation" buttonthey see what can be automated.

by hitendra patil
client accounting services: the definitive success guide

we know that cas generally constitutes three key service segments:

  • after-the-fact financial statement preparation, i.e., “write-up,”
  • business transaction processing and
  • outsourced cfo and controller services.

more: 8 ways to create your cas practice | the big money in cas for small firms | what cas is and isn’t | do you value your cas value? | the mindset you need for client accounting services
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tax planning/tax strategy services may also become part of your cas offering if you have interest/expertise in that segment.
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audit reports without doing the work?

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step away.

by ed mendlowitz
managing an accounting practice: 202 questions and answers

q: i have a friend who runs a small cpa firm. he has a client who owns some motels across the u.s. who sold them to a large company.

more: why partner retreats are worth the cost | why checklists? | ask these 10 questions before adding financial services | selling your practice is not a retirement strategy | thirteen things to know before selling your practice | 10 reasons clients don’t pay
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

their auditor, a big 4 firm, would like to review his prior year audit papers and he has asked me to review his work papers beforehand and make sure that they are in good shape for the big 4 firm. as he is a small practice, his work papers are likely to be not as sophisticated as the big 4 is used to seeing.
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