management

are you ready for a co-owner to drop dead?

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man holding white rose with lit candles in backgroundwhat you have to have in place.

by ed mendlowitz
77 ways to wow!

not having a buy-sell agreement doesn’t mean anything unless a co-owner dies, becomes disabled, becomes bankrupt, divorced, wants to quit, retire or many other things. i regularly receive calls from accountants on behalf of clients who need valuations because a co-owner had died suddenly without a buy-sell agreement.

more: you don’t need this, but your survivors do | due diligence is in the details | manage better with the right financial tools | do you need a forensic professional? | six benefits of an internal audit | the ten financial controls that’ll make you a hero
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here is a bleak picture of what happens and what can be avoided. the scenario: a business owned by two friends who started it 20 years earlier. they’re pretty successful, they make good livings, fund their pension plans, and they have money left over each year to provide for modest growth. but they haven’t accumulated any extra savings and they still have home mortgages and kids in college. they are both 50. and then one dies suddenly. the survivor must buy the interest from the estate of his deceased partner. but he doesn’t know what to offer and can’t afford too much.
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accountants need each other more than ever

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don’t ditch live events. we need human connection.

by seth fineberg

at large

“we didn’t realize how hard accountants party, and we had a difficult time keeping up. we’re also still recovering from the ‘socializing’ and contemplating having a recovery section at our next booth.”

more fineberg: what bogs down accountants | your classic business model won’t allow growth

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certainly, event creators need to consider content first and foremost as a draw. you need a “why” and a practical purpose.

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ron baker: monetize the relationship, not the transaction

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ron baker: the subscription model optimizes lifetime customer value.

subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google, spotify, iheart, deezer, amazon music and audible, player fm, audacy, gaana (india), and boomplay (africa).

the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间

ron baker has been on a crusade to transform accounting firms for decades, first by pushing us to kill the billable hour and to implement value pricing. today, he’s advising accountants to switch to a radically different business model. his new book, co-authored with paul dunn, “time’s up! the subscription business model for professional firms,” explains the subscription model and why moving to this model aligns the values of firm owners with those of their customers.

more: erik solbakken: yes, you can work less and make more | donny shimamoto: future firm growth requires a mindshift | jennifer wilson: empower young workers to build the firm everyone loves | mike whitmire: re-think your hiring and training practices | hector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be free| private equity explodes in u.k. | brannon poe: the status quo must go  | accounting nerds, unlock your super powers  | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinson | when financial statements go extinct with corey schmidt | can geraldine carter save accountants from themselves? | re-inventing accounting with tyler anderson

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

this book began from ron’s obsession with the question “what would happen if disney started cpa firms?” accounting wouldn’t be a grudge purchase with low prices, but disney “would enhance the experience and you would pay a fortune and you would be delighted to do so.” in today’s world, your customers are no longer comparing your firm to the other cpa firms, but to “any organization that has the capacity of raising our customer’s expectations,” such as nordstrom or amazon. baker said, “we need to up our game as a profession.”

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randy crabtree: follow these 3 rules to keep employees happy

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randy crabtree: allow your employees freedom in two critical areas to win talent wars.

subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google, spotify, iheart, deezer, amazon music and audible, player fm, audacy, gaana (india), and boomplay (africa).

the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间

randy crabtree talks to a lot of other accountants and admits that he “steals ideas from everybody else.” imitation, after all, is the sincerest form of flattery.

more: erik solbakken: yes, you can work less and make more | donny shimamoto: future firm growth requires a mindshift | jennifer wilson: empower young workers to build the firm everyone loves | mike whitmire: re-think your hiring and training practices | hector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be free| private equity explodes in u.k. | brannon poe: the status quo must go  | accounting nerds, unlock your super powers  | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinson | when financial statements go extinct with corey schmidt | can geraldine carter save accountants from themselves? | re-inventing accounting with tyler anderson

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

one topic he’s been talking about a lot lately is the issue of mental health in the profession, which he feels is largely self-induced. although he’s been asked to talk about mental health without mentioning burnout–don’t be a downer–crabtree says it’s impossible. “i’m like, i’m sorry, but i can’t do that. it doesn’t go away if i don’t talk about it,” he said.  

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marchternity: just say ‘no’

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whether marchternity continues depends entirely upon you.

more on marchternity:
the solution is community, by liz farr

by seth fineberg
at large

after nearly three years of what many tax pros consider one of the longest tax seasons on record –- a.k.a. ‘marchternity’ –- one would think this season would be different.

more fineberg: what bogs down accountants | your classic business model won’t allow growth

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

to be sure, plenty of tax practitioners in late 2022 did indeed call the end of marchternity and look forward to some sense of normalcy, as much of what caused the extended tax season in the first place appears to have subsided. so, do tax pros expect this season to be different?

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