leadership

when’s the right time for a full-time quality control reviewer?

by

not when, but how?

question: i want to improve my firm’s review and quality control. do you have any suggestions?

ed mendlowitz responds: this is a recurring issue for most firms. every cpa practice needs quality control. the issue is whether a dedicated quality control (“qc”) person is needed and, if not, how the qc can be done without one.

a practice is a business and every business must be run efficiently and profitably. qc is an area that i have found many firms getting tied up in and either spending nothing or much more than they should.

more ed mendlowitz:  free instant download: sample fee schedule for 1040s    |  tax season opportunity guide 2013   |  12 reasons to love tax season   |   implementing fee increases for 2013

a firm needs a dedicated qc person when the work load volume warrants it, especially where there are bottlenecks and backlogs because the supervisor or partner who would review the work is not readily or easily available; the scheduling becomes exceedingly difficult; and the expertise and training becomes more specialized and wider in scope. read more →

five ways for partners to lead by example this busy season

by

dustin hostetler

this busy season will test new processes – and a firm’s leadership. [how are accountants feeling about about busy season? join the survey; get the answers.]

by dustin hostetler
flowtivity

as many firms get ready to implement and leverage new and improved processes as busy season ramps up, i thought it’d be worth considering a few pointers for the partner leadership group to keep in mind over the next several months.

related: the coming storm in staff turnover (video)  | three strategies to improve buy-in for change

and i should probably add a disclaimer to take the accounting hats off for a minute and realize this isn’t an exhaustive list nor is it literal in every example.  there are always going to be exceptions, but the more you can abide by the following ideas the better off your firms will be and you’ll be providing better client service as well. read more →

seven steps to leverage the power of positivity in your firm, your career and your life

by

success comes to those who go out and find it.

by nick keseric

so what’s wrong in being upbeat and positive? nothing at all. this is not about rose colored glasses.

nick keseric
nick keseric

more on the entrepreneurial accountant:  nine bridges to cross in business development for accounting firms  | if business development is a circus at your firm…   |  my attitude??? what’s wrong with my @#$%! attitude?  |  curious minds want to know: are you helping or selling?  |  the six-step roadmap for cpa change agents  |  20 biz dev ideas for your career and your firm  |

given today’s world, if you are waiting for good things to happen to you, you better get a comfortable chair because that train isn’t coming towards you. success comes from effort. our own individual effort. and having a positive attitude and being upbeat plays a huge role in obtaining success.

this has as much to do with us as individuals as it does about us as a profession. the professionals in accounting are among of the most respected of all the professions. given that foundation, how we deal with others can only enhance an already proud and powerful profession.

read more →

when is it best for partners to stay together and when is it best to part?

by

making the partnership work seven ways to sunday.

by marc rosenberg, cpa

sometimes a parting of ways is best because the partners are simply incompatible. people change. their values change. their priorities change. when these changes become so huge as to produce constant conflict, it may be best to shake hands and part ways.

more marc: • pick your partners right to begin with  •  the first nine questions your partner team needs to embrace for optimal profitability  • profitability and the value of strategic thinking  • the five essential building blocks for creating a strong accounting firm • the seven signs of great leadership in a cpa firm • compensation issues for the new managing partner  • 20 decisions for your firm’s new partner compensation committee  • three ways to break partner gridlock in an accounting firm  • what partners are entitled to, and what they’re not entitled to | how to make partner?  • why accounting firm partners are “popping prozac like m&m’s” •

what does it take for partners to stay together?

here are seven critical requirements: read more →