the one big reason your hiring sucks

three partners, one male and two female, walking and smiling outside a buildingand three ways to fix it

by ty hendrickson

it’s said in the profession that employees must earn their place by proving their loyalty to the firm through years of experience.

more: 5 crucial areas of firm culture not to ignore | the cpa firm partner’s role is changing | are you botching your first impression? | maybe the pandemic isn’t all bad | the no. 1 reason accountants fail to build advisory practices | the real problems created in a remote workforce | 4 reasons to welcome rejection
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that might be one of the biggest lies in our industry right now and the no. 1 reason firms are facing recruiting and retention problems.

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add these money-making rituals to your work day

you know the drill: work on the business.

by sandi leyva
the complete guide to marketing for tax & accounting firms

there’s something special about the word ritual. it sounds sacred, like you wouldn’t dare break it. it sounds a little mysterious, as if there’s a component you can’t quite control. and it sounds colorful, like something full of character that you would never get bored of.

more on small-firm growth strategies: 3 ways to opt out of any downturn | 5 ‘low-hanging fruit’ ways to raise your revenues right now | how to think straight through the coronavirus crisis | tech tools for working through the coronavirus | 7 tips to boost your firm’s performance in 2020 | major search algorithm change could affect your rankings | making content marketing part of your growth strategy | change overload: 5 simple coping strategies | share data 5 easy ways
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these days, rituals can bring much-needed certainty to our lives. we don’t think about rituals much when it comes to business, but i think we should. what rituals could you create in your business that will rev up your revenues and reduce the uncertainty that is swirling around us? here are two ideas to get your engines started.
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how’s your overhead?

//www.g005e.com/2020/09/14/how-to-determine-overhead/plus a tip for increasing revenue if needed.

by ed mendlowitz

question: are there any rules of thumb for a cpa firm’s overhead and salary costs?

more: 9 must-haves for firm growth | collect more by clearing up billing | envision your future, then plan for it | 5 ways to build teamwork
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answer: the rosenberg survey has excellent metrics and is highly recommended. on a less scientific basis you can use as a general rule of thumb 1/3 for salaries, 1/3 overhead, 1/3 partners salary.
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how the cloud impacts server replacement

you can save, but don’t hand the task to just anyone.

by roman h. kepczyk
quantum of paperless: technology guide & checklist

the traditional core computers used for operating all applications are file servers managed internally within the firm. downtime for a day or two is a disaster. if an “out of service” stoppage stretches to a week or more, partner income will suffer measurably.

more: laptops vs. desktops | the best scanners to buy today | capturing documents at the source | the more monitors, the better
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simply put, mission-critical file servers utilized for tax, audit, time and billing, and email have – at most – an effective five-year life. after this time, equipment becomes significantly more difficult to maintain whether you have a warranty or not.
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when cpa partner votes go wrong

percentage signs on round hanging tagsthere’s a better way.

by marc rosenberg
the rosenberg practice management library

it may seem intuitive to use ownership percentage to decide important financial and governance issues.

more: why billing less may mean earning more | what smaller firms must do to become firms of the future | the 13 signs you have a partner problem | covid-19, adversity and innovation | how covid impacts partner retirements |  three tough questions in partner buyouts | reward partners for performing like partners | 7 points of a well-crafted partner buyout agreement | smart tech tips from top cpa firms
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here are three common reasons why… and one important reason why not.

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