outlook & analysis

accounting industry adds 500 jobs

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marks 16 months annualized expansion. but cpa firms are a different story.

accounting and bookkeeping services, all employees in thousands, thru july 2012

the accounting and bookkeeping industry, which includes cpa firms and payroll agencies, added a statistically meaningless 500 jobs in july, according to new data sourced by 卡塔尔世界杯常规比赛时间. july ended with 953,200 fte’s, up from june’s 952,700.

but it’s in the year-over-year gains where the trend is more clear. and the story at cpa firms is much different.

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compensation issues for the new managing partner

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five factors to consider in their new compensation plan. and five key responsibilities for the new managing partner.

by marc rosenberg, cpa
author of how to operate a compensation committee

baby boomer partners are rapidly approaching retirement age, creating a huge demographic shift. one result of this is a dramatic increase in new managing partners at firms.

many firms are skipping a generation and turning the reins over to “younger” partners. firms are also asking their new mps to divest themselves of a significant part of their client base to enable them to focus more on managing the firm.

how should the new mp be compensated?

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21 awesome ways to show appreciation

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one of the key ways to improve client and workplace relationships is by showing appreciation.

“too often” leo buscaglia, the author, once said, “we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around.”

we can extend appreciation anywhere and everywhere — at home, at work, at school, and wherever you want to acknowledge those who make your life brighter.

here are a few ideas that might work for accounting firms: read more →

five tech questions before adopting value pricing

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keys to success in value pricing.

by drew west and ken mccall
boomer consulting

in order to avoid competing on price for commoditized services in the face of a wider array of competitors, more and more firms are evaluating value pricing as a model for the future. industry leaders including large firms such as kennedy & coe, llc in kansas and smaller ones like lawhorn cpa group, inc. in tennessee have already made the move.

perhaps your firm is already considering adopting a value pricing strategy but you wonder if your processes and technology will support it. read more →

another bad accountant joke

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http://baystreetgroup.com/store/instant-classic-the-accountants-bad-joke-book/
order here

a patient was at her doctor’s office after undergoing a complete physical exam. the doctor said, “i have some very grave news for you. you only have six months to live.”

the patient asked, “oh doctor, what should i do?” the doctor replied, “marry an accountant.”

“will that make me live longer?” asked the patient. “no,” said the doctor, “but it will seem longer.”
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give employees freedom and creativity to get results

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mark c. thompson
mark c. thompson

examples from nokia and bechtel.

by mark c. thompson

setting and maintaining goals is a fundamental part of our lives, but also one of the most challenging. two companies which do it better than most are proctor & gamble and nokia: they work with their customers to set mutual goals so they can achieve joint outcomes. this is a great way to do business.

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