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the 10 best movie accountants

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gene wilder freaks out about his blue blanket with zero mostel the producers 1968

we look pretty good up on the big screen.

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

i digress from my autobiographical stories to give you my top 10 movie roles of accountants.

more: why accountants quit | why cpas should stay in public accounting | readers rip: ‘she wanted her shoebox back’ | ceos don’t always know numbers | finding new business in sustainability | 14 simple, easy tips for a better tax season | how to recoup staff training costs | 10 ways to stay in control
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1. “dave” – dave’s accountant, played by charles grodin, helps the president, played by kevin kline, trim costs so the first lady’s homeless project can be funded.

2. “the producers” – accountant leo bloom, played by gene wilder, hatches the plan for a broadway flop. read more →

why advisory opportunities emerge from core cas offerings

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three keywords to guide you.

by hitendra patil
client accounting services: the definitive success guide

“we want to offer outsourced cfo and advisory services.”

it has become an increasingly more common intent of accounting firms of all sizes. technology automation, artificial intelligence and more innovative solutions seem to make it even more logical for accountants to feel that the future is more about advisory services than ever before.

more: is it time to outsource? | your firm’s cas team: who and how many | two tech approaches to cas | when to start building your cas tech stack | stop derailing cas | show your priciest cas package first | your firm needs a cas champion
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if you have similar intentions and goals, please answer this question:

“what type of advice do you give to your clients, periodically and regularly?”

or turn it around and answer this question:

“what type of advice do your clients seek from you and when?”

if you could think of 5-10 different actionable insights you regularly deliver to your clients, congratulations! but if not, do not worry. it is not difficult to lay a strong foundation for your advisory services. read more →

automation without accountants

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top use case: 43% of accountants use automation to import hours into payroll.

more than half the work world is embracing automation. why not accountants?

why accountants won’t automate:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

for all the talk of automation among tax and accounting practitioners, they are still falling behind, even as other professions race ahead.

more in tech: microsoft puts the full windows experience in the cloud | survey: how old is your desktop pc? | microsoft acquires cybersecurity firm riskiq | survey: your favorite desktop pc | global fintech funding gains momentum | salt: the small business disaster waiting to happen

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more than half the work world is embracing automation.

among accountants: it’s less than half, according to a broad new study.
read more →

16 questions to set your practice goals

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businessman pole vaulting toward his goalplus three guidelines for setting financial targets.

by anthony glomski and russ alan prince
your $5-million high-net-worth practice

the accounting business was changing even before the onset of the covid-19 crisis.

more: 6 steps to maximize referrals | it’s all about your wealthy clients | conviction + process + expertise = your next $5 million | a high-net-worth practice in four steps | don’t ignore life insurance | adultery and other messy situations | how to attract the super-rich
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three of the factors that are possibly impinging on your ability to be as successful as you want include:

    • significantly increased competition: from more accountants to other professionals encroaching on some of the expertise accountants provide, there is greater competition for the better clients.

read more →

five ways to get staff to own their work

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help them build careers.

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

question: how can i get staff to step up and assume more responsibility for their client assignments?

more: profit sharing for a staffer? | the secret recipe for staff retention | help! key staffer refuses to supervise people | get more done by saying no | employee demands a raise she doesn’t deserve | how are you spending the next five years? | how to get the most from cpe | does your staff know all the services you provide?
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answer: this is an issue every manager and partner deals with at some point.
read more →

staffing: 10 key interview questions

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to uncover potential fast and early.

by jody grunden
building the virtual cfo firm in the cloud

before our firm became a distributed company with a remote workforce, our hiring was naturally limited to a small geographical location – fort wayne, indiana.

more: why remote workers need retreats | take the pain out of online meetings | why your firm’s core values matter | be more efficient with tech stacks | not all employees will work out
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when we really started to grow, we knew we needed to bring in more senior-level accountants to be able to handle the clients we were bringing in at such a rapid pace.
read more →

are you productive or just busy?

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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
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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 →

turn client wants into needs

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happy businessman using smartphone at officethe key to getting premium fees for premium services.

by hitendra patil
client accounting services: the definitive success guide

what some clients feel is an absolute need, others may feel is not so.

people may need to book an uber or lyft ride, but some of them may want a premium ride.

more: what clients need now, more than ever | the 15 absolutely necessary services for cas clients | romeo, juliet, google and client accounting services | how cas makes firms better | cas begins with a mindset
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some of your client accounting services (cas) will be the premium ride some your clients will want. and – don’t be surprised – for some clients, your premium services will be the need (you want such clients).
read more →

eisneramper takes on private-equity investor, spins out attest firm

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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.

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 →

why accountants quit

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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
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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 →

what clients need now, more than ever

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hand holding light bulb against purple backgroundproviding client accounting services gives them your best.

by hitendra patil
client accounting services: the definitive success guide

an accountant in practice in germany sent me this message after purchasing “the definitive success guide to client accounting services:”

“i only began reading your book today in the morning before work. when i browsed through the content, i already was blown away. being 60.5 years old, i try to stay fit body- and mind-wise. sometimes i doubt, a little bit, whether i should carry on. but when i read your soul-touching intro, i felt the fresh energy flowing. thank you so much for showing the shining of true potential!”

more: 15 services that cas clients need |  a job description for client accounting services | why cas is great for revenue growth
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yes, i felt a sense of fulfillment. but the bigger reason their message is more important for me is that professional accountants’ experience and expertise are so much more vital and necessary than ever before.
read more →

profit sharing for a staffer?

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percentage signs on round hanging tagsthe owner wants to offer a percentage to a staff person, but how?

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

question: i have a small practice and have a staff person with me for eight years (who had nine years of experience before coming to me), and i want to offer him some profit-sharing percentage.

more: the secret recipe for staff retention | 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
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how do i approach it?
read more →