management

who needs another meeting?

by

business meeting with people around table facing forwardbetter question: why?

by steven e. sacks
the new fundamentals

when in doubt, call a meeting. jeez! how many hours in the u.s. are cumulatively wasted on a daily basis with meetings?

more: 4 questions for cpa firm boards | are you productive or just busy? | the five big rules for powerpoint presentations | how aging boomers impact the accounting profession | accounting is a profession, not an industry
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

are they really necessary?

read more →

make today “day one” of your new business

by

businessman stuck in pavementhow to get out of a rut.

by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor

question: my practice seems to be in a rut.

more: why does all work take so long? | don’t like checklists? find a new job. | the secret recipe for staff retention | help! key staffer refuses to supervise people | get more done by saying no | don’t fire that staffer! | employee demands a raise she doesn’t deserve
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

we are not growing, our services haven’t changed and our client turnover is almost nonexistent. any suggestions of what we can do?
read more →

why does all work take so long?

by

businesswoman with headache at laptopsticking points can materialize anytime.

by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor

question: everything in my office seems to take too long, and i can’t put my finger on why. can you provide any guidance?

more: don’t like checklists? find a new job. | five ways to get staff to own their work | writing a reference? here’s how | 44 key attributes for assessing staffers | make cpe worth your while | what to do with a lousy client? | but i am managing! | how to run a practice in 90 pages
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

answer: common problem.
read more →

eisneramper gets private equity backing

by

charly weinstein on cnbc talking about the private equity deal.

towerbrook capital partners’ infusion “reimagines the traditional accounting firm model.”

by 卡塔尔世界杯常规比赛时间

eisneramper llp – one of the profession’s top 20 firms with more than $420 in annual billings, 200 partners, and 1,200 employees – has sold about half the firm to towerbrook capital partners, a private equity fund with big investments in the financial services sector.

more on private equity for cpa firms:

flash briefing webinar: a “call to arms” after eisner private equity deal, with dom esposito and anthony zecca

analysis by esposito and zecca: how outside capital can remake cpa firms

analysis by esposito and zecca: private equity the new source of growth capital for cpa firms?

eisneramper gets private equity backing

as a result, eisner is splitting into two entities: the legacy eisneramper llp, a licensed cpa firm, to provide attest services, and the new pe-funded eisner advisory group llc, for business advisory and non-attest services. terms were not disclosed but towerbrook has a reputation for taking controlling interests in the companies it funds. audit and assurance account for about 49 percent of eisner’s pre-deal billings, with 42 percent from tax and 9 percent in consulting.

“it will be a positive disruptor in the profession,” according to charly weinstein, eisneramper ceo.  “rather than conforming to traditional frameworks, adopting a new model of ownership facilitates the best structure for the firm to drive growth and innovative solutions to our clients. our colleagues will be able to chart a course for success in our purpose-built practice structure.”

read more →

five tips for better decision-making

by

follow the principles of collaborative conversation.

by bill penczak

i recently encountered a decision-making process that had grown virtually foreign to me during my decade in public accounting—collaborative conversation. in the course of a week, the dynamics of communication with a prospective client reminded me of how most successful companies operate, and how the decision-making process at many cpa firms can be flawed and even sometimes dangerous.

more: re-thinking today’s firm with five global leaders | 5 things your firm should do differently this summer | do you have the guts to beat the covid crisis? | how to inoculate your firm against covid competition | ‘found money’ delights clients | the three r’s for beating the corona crisis

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

a friend and former colleague in public accounting, a veteran of the software industry, used to lament about the days of working for a “real” company the people who actually knew about the issue were those involved in decision-making.

read more →

4 questions for cpa firm boards

by

business meeting with people around table facing forwarddo members know their role?

by steven e. sacks
the new fundamentals

the purpose behind an organization creating a board is not to micromanage, design a company logo or address human resource issues. neither is its role to sit around and smoke cohiba esplendido cigars and sip louis xiii de remy martin grande cognac.

more: are you productive or just busy? | the five big rules for powerpoint presentations | how aging boomers impact the accounting profession | accounting is a profession, not an industry
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this glad-handing, back-slapping culture led to the financial breakdowns in the early 2000s and probably still is happening at this writing.
read more →

15 essential skills for managing partners

by

blank organizational chartwhere do you spend your time? when is something “good enough”?

by marc rosenberg
the role of the managing partner

marie kondo is the bestselling author of “the life-changing magic of tidying up.” as a lifelong businessperson who came out of the womb highly organized, i enjoy practicing her methods, but i know they are elusive to many people.

more: the 14 trends crushing today’s accountants | 3 traits of the best managing partners | partner compensation: a potent weapon | how long should it take to make partner? | the managing partner’s role in mergers | five ways to evaluate partners | manage partners with goal setting | overarching authority that managing partners must have
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this article is my version of how business people, especially cpas, can learn to increase their efficiency and productivity by being better organized. beware: as with all self-improvement initiatives, you must start with the right attitude. you must truly want to be an organized person, not just say it or think it. then and only then can you be successful at tidying up.
read more →

is your mission statement really a wish list?

by

coffee cup by napkin with words including "action plans."3 questions it should answer.

by steven e. sacks
the new fundamentals

do you think your staff knows what your company’s or firm’s mission statement is?

wait. let me back up. does your staff even know that such a mission statement exists?

more: are you productive or just busy? | the five big rules for powerpoint presentations | how aging boomers impact the accounting profession | accounting is a profession, not an industry
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

my guess is no and no. does your organization explain to everyone what actually defines success and the framework for achieving it?
read more →

don’t like checklists? find a new job.

by

green checks being made on checklistyup, we have a checklist for that.

by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor

question: one of my managers does not use the checklists and i need to go over all his work and sometimes go to the client to make sure they are done right.

more: five ways to get staff to own their work | profit sharing for a staffer? | titles can make people happier | reasons to drop your book of business | are you marketing for 2022 yet?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

what can i do to get him to fill out the checklists?
read more →

are you too generous with your write-offs?

by

five ways to improve operating margin.

by bill penczak

the pandemic has placed new strains on most cpa firms, with a paucity of events other than zoom meetings and many clients hunkering down and not making any changes to anything – least of which their accounting firm relationships, under some semblance of normal.

more penczak: re-thinking today’s firm with five global leaders | 5 things your firm should do differently this summer | do you have the guts to beat the covid crisis? | how to inoculate your firm against covid competition | ‘found money’ delights clients | don’t buy a rolodex, buy a process | the three r’s for beating the corona crisis | 6 reasons why your marketing sucks
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

so when it comes to preserving your original profit goals – or at least salvaging them – firms have an opportunity to seek better processes or staffing options, or both to pivot to the times. as a cfo i once worked with used to say, “you can either raise the bridge or lower the water.”

here are five options for lowering the water (labor cost) as a short- and long-term strategy for greater firm success: read more →

are you productive or just busy?

by

harried business teamyour firm may need to change its culture.

by steven e. sacks
the new fundamentals

did you ever notice when you call an associate or a friend or a business of any type, more often than not he or she will always respond with “i’m really busy” or “i’ve been jammed up”? it does not matter the time of the year, much less the time of week or day.

more: the five big rules for powerpoint presentations | how aging boomers impact the accounting profession | accounting is a profession, not an industry
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

has busy become too colloquial or just a throwaway line? what is actually meant by “busy”? or, more specifically, what is the condition of “busyness”?

read more →

why accountants quit

by

yellow arrow painted on a roadhint: leadership can avoid these issues.

by ed mendlowitz
call me before you do anything: the art of accounting

i have written about cpas who leave public accounting and go to work in private industry. based upon the comments and emails i’ve received, this is an involved topic and i would like to delve into it further.

more: why cpas should stay in public accounting | when cpas leave to work for a client | when parents, children hit an impasse | how bickering can ruin a family business | one hour a year since 1972
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

i was writing about my observations, particularly of many people in their mid-50s i have known who cannot get jobs in private industry after spending a major part of their careers there. obviously, there are many people with extremely successful careers in private industry and i was not addressing them, but i do consider them to be in the minority. also, we are all individuals, and we each decide on how we want to work and what we are comfortable with. no one, including me, has any right to criticize them or tell them they should have done it differently.
read more →