management

15 awesome tactics for running a cpa firm

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businessman writing to do lista checklist you can implement now.

by marc rosenberg
the rosenberg practice management library

haven’t we all learned the hard way that the best way to solve a problem is not to let it arise in the first place?

more: why governing by partner ownership is bound to fail | 6 ways to retain nextgen staff | how to develop a truly progressive nextgen culture | the top 5 concerns of great managing partners | partners: when to speak up and when to shut up
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

let’s start with a great example: hiring. read more →

9 key insights for practice excellence

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illustration listing key insightsbe ready for growing pains.

by kayleigh padar

karbon’s latest practice excellence scorecard report reveals nine key insights to promote success – from suggesting expert help to reminding firms to consistently update business processes.

the study has assessed 250 accounting firms so far and identified the common challenges firms are facing and the ways they’re overcoming them.

the data from the report is used in karbon’s new interactive quiz, which scores a firm compared to other firms and provides insight on what areas firms should improve on.
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ready to be a virtual cfo?

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three people speaking by videoconferencesolid technology is just one key.

by jody grunden

you may have heard about virtual cfo services. it’s a concept that’s been around for a while now that allows cpas and accounting firms to offer cfo services to smaller businesses that may not yet be able to afford a full-time cfo.

more: the only three metrics you need to measure staffers
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

what is a virtual cfo?

virtual cfo (or vcfo for short) stands for virtual chief financial officer. a vcfo provides outsourced accounting services at a high level for businesses.
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4 tips for managing advanced preparers

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purple no. 4 billiard ballgood project management software also helps.

by frank stitely
the relentless cpa

managing advanced-level preparers sounds easier than it is. these preparers will all have blind spots that appear at inconvenient times. some won’t be able to adapt to your internal procedures, because they worked at firms without well-defined procedures.

more: 3 tips for handling rookie tax preparers | how to hire and manage great admin staff | managing people: the heart of effective project management | tammy’s tale of tax season tardiness | beware the leeches and consultants | the 21st-century cpa firm | ruthlessly efficient workflow management
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

we had one person who insisted on printing out the prior year tax returns and workpapers before beginning a return. she said she just needed the paper in her hands. that didn’t work for us.
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are you ready for the new lease accounting standard?

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dart stuck in bull's-eye of dartboard8 steps to take.

at the start of 2019, the implementation deadline for the financial accounting standards board’s (fasb) new lease accounting standard passed for public companies.

now, the focus – and pressure – is on privately held organizations, which must adopt the requirement by 2020.

and new research suggests that many of these firms may find themselves scrambling to meet the deadline for compliance.
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the #1 problem: staffing, staffing, staffing

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client

smallest firms plagued most by growing tax complexity. 

via aicpa

staff recruitment remains the top issue for most cpa firms, while growing tax complexity and risk management regarding privacy and data security are rising challenges, new research by the aicpa shows.

today’s best talent, career, and growth strategies
join the survey: get the answers.

“finding qualified staff” is the no. 1 issue for every firm-size segment except sole practitioners, according to the 2019 pcps cpa firm top issues survey, matching the topline results from the last survey two years ago.

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10 elements to balancing shareholders’ needs

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portrait of nancy falls
falls

summer reading: corporate concinnity in the boardroom

con·cin·ni·ty
/k?n?sin?d?/
noun
the skillful and harmonious arrangement or fitting together of the different parts of something.

by steven sacks

every so often i come across a business book that addresses an ongoing organization challenge in a thoughtful, practical and effective manner. this is what i discovered when reading “corporate concinnity in the boardroom” by nancy falls.

more summer reading: stop wasting time in useless meetings | a leader’s guide to ending entitlement

the title does not limit the book’s scope; the treatment of the topic applies to boards in the public, private, not-for-profit and academic sectors. read more →

the only three metrics you need to measure staffers

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a totally virtual firm takes a new tack.

by jody grunden
summit cpa group

if you want to grow your accounting firm, it’s important to evaluate the effectiveness of your process on a regular basis. you want to be aware of what’s working well and what’s not. you also want to continually be improving upon your services over time.

more grunden: misconceptions and truths about remote work  |  how summit cpa group is pioneering virtual cfo services

there are three things you can specifically monitor when it comes to the effectiveness of your team. here’s how we do it at summit cpa group. maybe these ideas will work for you too.
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why you must constantly push work down

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woman in business attire with papers flying around behind her backnew staff won’t work the hours you did. forget that notion right now.

by bill reeb and dominic cingoranelli

as we work with firms throughout north america, one of the most constant, critical issues we find is that of staffing gaps. those gaps are manifested in shortfalls of billable hours, as well as shortages of people, and a lack of critical competencies of people – all at various levels throughout the firm.

more on performance management: when the inmates are running the asylum | the two most common management styles | different roles for different partners | how big ‘books’ hurt firms | developing a three-year vision [video] | more merger questions than you imagined | mps: how to elect them … and fire them | partners as role models: the good, bad & ugly
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in these situations, we tend to find that often the partners, and sometimes the managers, are billing too many hours. meanwhile many staff, especially at the lowest levels within the firm, consistently are missing their billable hour targets.
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how to hire and manage great admin staff

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businesswoman shaking hands with someone out of view3 key points to remember.

by frank stitely
the relentless cpa

you can divide staff into four categories: administrative, entry-level preparer, advanced preparer and manager.

more: the right way to assign staff projects | some uncommon advice on hiring full-time staff | what goes into a client project? | value pricers ignore half the pricing puzzle
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

i’m tempted to state that administrative employees are the most important people in your firm. i won’t go quite that far, but your administrative staff are every bit the face of your firm that you are.
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the right way to assign staff projects

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magnet drawing in three people… and then manage their workloads.

by frank stitely
the relentless cpa

let’s talk about assigning staff to projects. understand that this discussion will mean nothing the first two weeks of april, when you may be assigning the family dog to some returns.

more: some uncommon advice on hiring full-time staff | managing people: the heart of effective project management | tammy’s tale of tax season tardiness | beware the leeches and consultants | the value-pricing con job | the 21st-century cpa firm | ruthlessly efficient workflow management | the annual tax meeting is dead. clients killed it.
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

and that makes perfect sense in those circumstances. i’ve done worse. who knew that goldfish can’t type?
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