are you ready for the new lease accounting standard?

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

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.

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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

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

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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