featured

why cpas should stay in public accounting

by

age discrimination is a real concern.

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

i’ve written about a cpa going to work for a small client who was creating a controller’s position.

today i’ll talk about going to work for a client who already has a controller or working for a large company.

more: when cpas leave to work for a client | when siblings battle over the family business | how bickering can ruin a family business | one hour a year since 1972 | 50 ways to make more money in busy season | why annual staff evaluations fall short | why create an accounting firm business model? | the clients who keep you awake at night
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the company that already has a controller is a much safer bet for a departing cpa. the position is established, the work is integrated with the outside accounting firm that will maintain its role and there is a place in the management hierarchy. the role is clear and the cpa knows what to expect in terms of daily activity. if there are growth opportunities for the company, the controller could or would be part of them.
read more →

you can’t separate the business from the client

by

don’t fight it, work within it.

by gary bolinger

so, you have a client who owns a small business (use whatever definition you want for small business). there may be two or three owners of this business. the client(s) spend a lot of time working in or on the business. most small business owners spend more time working in the business rather than on the business.

more: tell managers what ownership means | clients: what accountants don’t understand | why accountants fail at consulting | advisory vs. low-value clients | what + who leads firms to better service | how accountants are profiting in disruption | ask the right question(s) | seven elements of engagement for cpas | true advisory work isn’t just consulting
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

with a structured approach to advisory services, you can get the client(s) to spend a little more time working on the business to enhance the possibilities for growth, improved profitability and long -term success. so, your firm needs to develop that structured, repeatable approach for advisory services.
read more →

comp: what new partners don’t know

by

businessman sitting on scales with stack of coins in other traybest practices: top firms use these seven systems for allocating income.

by marc rosenberg
the rosenberg practice management library

it would take a book much longer than this post to properly explain the finer points of partner compensation, especially how each of the major compensation systems works.

(oh, did i forget? we wrote such a book, cpa firm partner compensation: the art and science.)

more: making partner: 15 steps to the buy-in | making partner: do the math | a crash course in the business of public accounting | making partner: what managers need to know | nine reasons people are promoted to partner
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

as is the case with all of my lists, no one firm incorporates all of these practices in its partner compensation policy.

but i have observed all of the practices below in one or more of the best firms i’ve worked with over 20 years.
read more →

remote work is here to stay

by

pie chart
the next normal arrives: fully 81% of accounting firms see an increase in remote work even as they re-open their offices. (convergence consulting)

as accounting firms re-open, they’re competing for talent on work-from-home plans and reaping windfalls with smaller offices.

by 卡塔尔世界杯常规比赛时间

no doubt about it, a capacity to work remotely has saved the tax and accounting business.

the question now is: what will tomorrow’s tax and accounting offices look like, post-pandemic?

more:  learning how to hire amid covid | survey: cpa firms reject staff vaccine mandates   |  covid-19 changed what we watch and how  |  why remote workers need retreats   | steven braunstein: new covid strategies for staff recruiting and retention   |  josh fisher: battling for staffers  |  “the new normal” will never be normal again   |  how and when to leverage ziprecruiter, indeed, and social media  |  how covid rewrites the rules for recruiting  |  staffing shortage? look at your business model

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

in fact, the increase in remote work is likely to continue and expand in the future. read more →

the secret recipe for staff retention

by

four young happy office employeesthe three reasons people stay at jobs.

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

question: i know you advocate hiring out of school, but that seems to present a danger when they leave after we have invested so much in training them. what can be done to retain them longer, if that is possible?

more: writing a reference? here’s how | titles can make people happier | reasons to drop your book of business | are you marketing for 2022 yet? | stop drowning in client documents | make more money starting now | the wrong way to look for staff
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

answer: unless everyone you hire will become a partner, you will have people leaving. that’s just a fact of life.
read more →