merger mania grips new york

tom marino of manhattan’s new cohnreznick, product of merger between jh cohn and reznick

crain’s new york cites 卡塔尔世界杯常规比赛时间 in market study.

an increasingly steady stream of deals that can only be described as “merger mania” is making new york the center of a match-making frenzy, according to crain’s new york. read more →

accounting firm leaders agree: the cloud is here

90% already using saas for some work.

by rick telberg

the debate, if there ever was one, is over.

the leadership at virtually every mainstream accounting firm in the us. now recognizes that they are already using software-as-a-service or “cloud-based” software applications and they regard the move to the cloud as inevitable for the profession.

according to new survey results, they differ only on when, and how fast.

read more →

audit reports without doing the work?

should you worry when your audit will be audited?

question: i have a friend that runs a small cpa firm. he has a client that owns some motels across the u.s. who sold them to a large company. their auditor, a big 4 firm, would like to review his prior year audit papers and he has asked me to review his workpapers beforehand and make sure that they are in good shape for the big 4 firm. as he is a small practice his workpapers are likely to be not as sophisticated as the big 4 is used to seeing. do you know to what extent he would be required to show his work? would it be sufficient to show the trial balamnce with a narrative indicating the work performed on each line item that is deemed to be in scope? would it be sufficient to show a checklist indicating the procedures performed? would he be required to show all the detailed work papers? read more →

the top 12 business card blunders accountants make

how many of these common errors or omissions can you find on your business card?

by sandi smith, cpa

the lowly business card: we don’t give it a second thought before we get the thing printed up, and we just do what everyone else does.

many people, new in business, get the business cards printed before they’re really ready to, which causes many of the mistakes i list below. experienced or new, you’re missing huge opportunities to let your business card take some of the work off your shoulders. we may take it for granted, but i feel that your business card is one of your most important pieces of marketing collateral, and the most under-utilized.

sandi smith
sandi smith

more from sandi smith at 卡塔尔世界杯常规比赛时间: seven tips to keep the clients you have how to attract clients like a magnet eleven easy ways to deliver more value to clients five things accountants take for granted that costs them revenue• what’s in your new client funnel? • what’s in your welcome kit for new prospects? • five fun and easy ways to wow your clients • six ways to give yourself a raise • strategies to stop losing business to competitors

here are my suggestions for how to get your business card working as hard as you do. if you want to play along, pull out your business card, and see if your card is guilty of any of these first four no-no’s. read more →

the seven signs of great leadership in a cpa firm

how strong management spells the most reliable path to profits.

by marc rosenberg, cpa

if partners of firms across the country were asked what the key was to the success of legendary fortune 500 companies such as general electric, coca-cola, ibm and countless others, i’m sure that the words “strong management” and “strong leadership” would dominate their responses. yet, ask those same partners to evaluate their own firms’ management, and if they are honest, their responses would not be very flattering.

marc rosenberg
marc rosenberg

related: compensation issues for the new managing partner | 20 decisions for your firm’s new partner compensation committee | three ways to break partner gridlock in an accounting firm | what partners are entitled to, and what they’re not entitled to | how to make partner? | why accounting firm partners are “popping prozac like m&m’s” | more…

of all of the techniques for improving cpa firm profitability, none is more effective than strong management and leadership. yet, nothing is more elusive. why is this?

read more →

give clients three reasons to love you at the next meeting

dazzle them with the pre-meeting meeting.

joey brannon
joey brannon

by joey brannon, cpa
axiom cpa

there is an old saying that “no man is an island unto himself.” this is certainly true in the world that i live in. i am nothing without my clients. so when we have time with them it is important that we use it to maximum advantage. and having an agenda in place well before the meeting starts exponentially increases the productivity and value of the experience. read more →

will today’s succession crisis create tomorrow’s buyers’ market?

source: succession institute, aicpa

crisis? what crisis?

by rick telberg

the profession may consider cpa firm succession a crisis, but you’d hardly know it from how little cpas are doing about it.

some 79% of cpa firms surveyed say succession will be an issue for them within the next 10 years.

but only about 1 in 4 are doing anything about it.

sure, 46% of multi-partner firms now say they have a succession plan.  and that’s better than the last such study. but, says dominic cingoranelli at the succession institute, which delivers succession-planning strategies to cpa firms and authored the study, “the idea is still is not getting all that much traction.”

read more →