ready or not, here comes windows 10

computer keyboard with “ctr-alt-delete” commands pictured on 3 shot glassesare you ready for the windows 7 to 8.1 transition? does 10 make you queasy?

by roman h. kepczyk
quantum of paperless

okay, we all know that the windows operating system is preferred to run computers by the primary vendors to the accounting profession. all decisions about operating systems have to be done carefully because they impact software and hardware decisions for at least thee to five years.

more on tech spending: back up and check your backup | cloud computing can cost less | laptop-only workers more common | scanners allow data capture at the source | in pc monitors, more is better

read more →

20 new, essential keys for today’s partner retirement plans

contract concept - conceptual close up of eyeglasses and ballpoint pen on top of partnership agreement paper placed on white table.

a lot is changing fast. here’s what your partner agreement needs today.

by marc rosenberg
retirements & buyouts

let’s take a moment to simply summarize the many critical aspects of a well written partner retirement/buyout plan.

at first glance, those unfamiliar with how a proper plan should be written may find the 20-plus key provisions listed below to be daunting. but i would caution against such thinking.  in my 20 years of consulting to cpa firms in this area, i have been asked to resolve messy disputes regarding every item listed below.

more on retirement: clawback and how to handle it | can partners compete after they leave? | disability is far more complex than death | even partner agreements must face death | 6 ways to leave a cpa firm (retirement’s just 1) | how to juggle tax considerations for partner retirement benefits | two ways to retire, and one’s not pretty | how to transition clients from retiring partners | compromise is in order for some goodwill payouts | why you’ll get less from your partners in a buyout than you might by selling the whole firm | the multiple of compensation method, fully explained

read more →

3 ways to open a sponsorship conversation

businessman in pink tie showing businesswoman document at his desk.and how to decide whether to spend the political capital.

by ida o. abbott
sponsoring women: what men need to know

most sponsorship occurs informally, without any structured or programmatic context. informal sponsor-protégée relationships usually start in one of three ways.

the most common way is when a senior manager or partner

  • identifies someone as a star performer,
  • believes that she has what it takes to succeed and
  • wants to make that success happen.

the sponsor recognizes her talent and potential while they work together or when he observes her at work and is impressed by her ability. as the two work together their relationship grows.

learn more
learn more

more on sponsoring women for leadership: what sponsors need from protégées | 3 ways to derail sponsorships | keep close relationships from getting too close | 4 reasons women hold themselves back | 4 ways sponsors can help women seek power | bias about women with families lingers | judged on performance, not potential? must be a woman | gender bias still a problem | why women are overlooked (and how to fix it) | 3 ways men are favored in the workplace | women need promotions, not just advice | mentor or sponsor? how to distinguish roles | 4 ways women leaders improve firms | cpa firms must ‘man up’ and get women on board

read more →

cpa firms paying top dollar for talent in nationwide hiring binge

pay raises trending
pay raises trending

wages hit new high; hourly rates at cpa firms up nearly 10 percent.

by 卡塔尔世界杯常规比赛时间 research

as the economy adds jobs, the accounting industry is grabbing its share and sometimes more, according to 卡塔尔世界杯常规比赛时间 sourcesat the same time, respondents to the 卡塔尔世界杯常规比赛时间 careers and hiring outlook tracking polls show nearly 60 percent ready to jump ship if the right offer comes along.

join the survey. get the results.

in this report, 卡塔尔世界杯常规比赛时间 covers:

  • current hiring trends in each of the bookkeeping, tax, payroll and cpa segments of the industry, indicating growth and shrinkage among sectors.
  • average hourly wages for key segments, with trends in employee pay rates.
  • typical hours worked per week, showing utilization and productivity.
  • trends concerning women in the workforce, including hiring rates.

it’s not all about the money.

higher wages aren’t everything, as clearly indicated in the 卡塔尔世界杯常规比赛时间 careers and hiring outlook tracking polls. read more →

5 ways a deadline can help close a deal

hourglass on money backgroundit might be just the push a client needs.

by sandi smith leyva
the accountant’s accelerator

in the accounting profession, there are a ton of deadlines. month-end, quarter-end and year-end. payroll taxes, sales taxes and corporate taxes. and extension deadlines, filing deadlines and payment deadlines, to name just a few.

more on small-firm growth strategies: mindset is key to marketing | become a millionaire in 3 steps | when your business card works against you | 10 ways to ruin a website | 4 steps to weather any economic storm | want to be stress-free? use your strengths | ‘time problems’ don’t exist | could you use more energy this tax season? | 15 items for your ‘business bucket list’ | 3 ways to plug your firm’s money leaks

read more →

clawback and how to handle it

bear paw with clawsbear paw with clawsfive-year adjustments may ease partners’ minds.

by marc rosenberg
retirements & buyouts

some firms struggle to agree on the details of a partner retirement plan.

more on retirement: can partners compete after they leave? | disability is far more complex than death | how to juggle tax considerations for partner retirement benefits | mandatory retirement? 4 reasons the firm comes first | you want goodwill payments? give proper retirement notice | vesting can cover part-timers, too | why you’ll get less from your partners in a buyout than you might by selling the whole firm | the multiple of compensation method, fully explained

one of the biggest items of contention is the valuation of their goodwill for internal retirement purposes. in these cases, the partners are anxious about obligating themselves to pay huge buyout benefits.

read more →

what sponsors need from protégées

businessman giving advice to female coworkerit goes both ways, you know.

by ida o. abbott
sponsoring women: what men need to know

most leaders engage in sponsorship and have been sponsored themselves, so the nature of a sponsor-protégée relationship should be familiar.

generally speaking, you sponsor women just as you do men. you may have to make a little more effort up front. and you might need to adapt to the impact of motherhood and other sex-related differences. but the strategies and tactics that sponsors use to help women move ahead are not much different than those for men.

learn more
learn more

more on sponsoring women for leadership: 3 ways to derail sponsorships | keep close relationships from getting too close | 4 reasons women hold themselves back | 4 ways sponsors can help women seek power | bias about women with families lingers | judged on performance, not potential? must be a woman | gender bias still a problem | why women are overlooked (and how to fix it) | 3 ways men are favored in the workplace | women need promotions, not just advice | mentor or sponsor? how to distinguish roles | 4 ways women leaders improve firms | cpa firms must ‘man up’ and get women on board

read more →

back up and check your backup

businessman sitting on clouddon’t forget about encryption. you did, didn’t you?

by roman h. kepczyk
quantum of paperless 

your firm’s safety net in the event of any disaster is your data backup. it had better be consistently performed and securely stored offsite.

typically, firms have a problem when the process they relied on to make the backups didn’t work, or the tapes weren’t complete because all the data no longer fits onto one tape. this is becoming a common problem as more data, and more applications add significantly more volume, making the backup application require more storage and a longer running time to complete.

learn more

more on tech spending: cloud computing can cost less | laptop-only workers more common | scanners allow data capture at the source | in pc monitors, more is better

when backups are run during normal business hours, it can slow down the entire network, impacting everyone’s performance. make a note that the tape drive you have today will be the last one you will ever own.

according to the aaa 2015 survey, 67 percent of firms back up all their data to the internet with 56 percent doing so on a daily basis.

read more →

putting world-class project management strategies to work in accounting firms

key capabilities of best-in-class professional services firms. source: aberdeen
key capabilities of best-in-class professional services firms. source: aberdeen

what cpas can learn from other professional services providers.

by 卡塔尔世界杯常规比赛时间

as accountants move beyond tax preparation to expanded services, as firms adopt value billing over hourly, there is a lot to learn from project management in other professional services firms, according new research obtained by 卡塔尔世界杯常规比赛时间.

read more →

mindset is key to marketing

smiling businesswomaneven after years of experience, confidence may not come easy.

by sandi smith leyva
the accountant’s accelerator

in school, during both my undergraduate courses and my mba classes, i took marketing 101, or something close to that. i learned the four p’s: product, price, place and promotion. i aced the class.

more on small-firm growth strategies: when your business card works against you | 10 ways to ruin a website | 4 steps to weather any economic storm | want to be stress-free? use your strengths | ‘time problems’ don’t exist | could you use more energy this tax season? | 15 items for your ‘business bucket list’ | 3 ways to plug your firm’s money leaks

read more →

can partners compete after they leave? maybe.

businessman with fingers crossed behind backbonus: sample non-solicitation agreement.

by marc rosenberg
retirements & buyouts

a non-compete covenant prohibits departed partners from joining another cpa firm or creating their own firm within a radius of a specified number of miles from the firm, within a specified period of time after their departure.

increasingly, firms are writing and enforcing tougher and tighter non-compete clauses.

one of the key tests that courts have used in ruling on the enforceability of non-compete agreements (different from non-solicitation) is the extent to which such agreements prevent the departing partner from earning a living.

more on retirement: disability is far more complex than death | 6 ways to leave a cpa firm (retirement’s just 1) | how to juggle tax considerations for partner retirement benefits | mandatory retirement? 4 reasons the firm comes first | how to transition clients from retiring partners | retirement plan funding? what funding? | when retiring partners take a specialty with them | clients leaving? time to reduce retirement benefits | partners may balk at guaranteeing retirement obligations

the vast majority of u.s firms are local practices located in areas with many competing firms. if a partner leaves to join another firm and does not attempt to take clients, it is very difficult to claim that the departing partner will substantially and irreparably damage the interests and the value of the firm.

read more →

cloud computing can cost less

cloud computer networkscheduled server replacement not always the most cost-effective option.

by roman h. kepczyk
quantum of paperless

in almost every firm, the core computers used for operating all applications are internal file servers. down time for a day or two is a disaster.

//www.g005e.com/shop/qop/
learn more

more on tech spending: scanners allow data capture at the source | in pc monitors, more is better | automating bank deposits offers instant roi | digital tools streamline audit production | going paperless means convincing clients first | why firms need document retention standards | is your network drive a disaster waiting to happen? | intranet is the best place for firm knowledge | digital fax has benefits you may be ignoring | wireless is hot, and here’s how to handle it | new tech tools for the 24/7 accounting firm

if an “out of service” stoppage stretches to a week or more, your partner income will suffer measurably.

read more →