let’s do the math. to earn a million dollars in a year, you have to bring in $83,333 per month. assuming you bill hourly and work for the standard 1,000 billable hours per year, you need to charge $1,000 per hour. if you want to make $5 million in one year, you will need to charge $5,000 per hour.
more of america’s cpa firms are choosing externally hosted email systems over internal exchange servers, according to the accounting firm operations and technology survey from nmgi and insight research group.
between 2014 and 2015, the number of firms using their own exchange server for emails dropped significantly from 47 percent to 38.3 percent.
in a parallel shift, the hosting of email outside the office increased from 53 percent to 61.7 percent. read more →
the growth of legal marijuana businesses, from growing to retailing, has opened a new niche—or really a bunch of niches—for cpas.
among them are bookkeeping, internal control, tax accounting and preparation, management, holding companies, and general business council. the opportunities are born of the complexities behind them.
one of the opportunities is the valuation of these brave, new businesses as aggressive investors flood the market with fresh cash. “you’ve heard of the gold rush of the 1800’s,” one industry insider tells 卡塔尔世界杯常规比赛时间. “well, this is the ‘green rush.’”
“legal marijuana is a very good business,” says ron seigneur, mba, cpa/abv, asa, cva, cff, and a well-known advocate for cpas in the art and science of business valuation. seigneur, of denver-based seigneur gustafson llp, writes the introduction to the report. cpa jim marty of bridge west cpas, also denver-based, authors much of the report. marty has quickly emerged as one of a handful of nationally recognized accountants in the business.
several factors contribute to the opportunities of valuation. and several other factors contribute to the complications. in all, 卡塔尔世界杯常规比赛时间 finds dozens of points that shouldn’t go overlooked. some are germane in any valuation engagement. others are peculiar to the cannabis business. all require especially careful review in this fast-changing legal and regulatory environment.
getting the right mix of mobility is critical for firms today. the professional’s rule of thumb is that everyone who works out of the office one day per week or more and needs to be self-contained should have a laptop as their only machine.
the obvious exception to this is for tax or administrative personnel who would never work from remote client sites, but have a computer at home that they can use to connect to the firm via a secure remote access solution.
the string of natural disasters over the past decade and the transition to more cloud-based applications has led to some firms making the decision that all professional staff will utilize a laptop as their only workstation.
three key insights for accountants on how to inspire staff, wow clients and convey appreciation.
hitendra patil, left, meets management guru chester elton
called the “apostle of appreciation,” chester elton is co-author of several successful leadership books.
after analyzing the results of 850,000 interviews, elton’s team found that those who are happiest and most successful are engaged in work that aligns with what motivates them. his latest book, “what motivates me,” offers an extensively tested method to help business people identify their core motivators and figure out the disconnects between their passions and their current work.
hitendra patil, pransform coo and 卡塔尔世界杯常规比赛时间 contributor, met elton and asked him three important questions about cpa firm leadership – motivating staff, satisfying clients and showing appreciation. read more →
attracted by competitive pricing, accountants are increasingly turning to lenovo as their primary desktop computer and challenging the dominant positions of dell and hewlett-packard, according to new survey results available from 卡塔尔世界杯常规比赛时间.
to be sure, the accounting firm operations and technology survey shows lenovo still dwarfed by dell and hp. but dell’s position is hardly changing, hp’s appears to be declining and lenovo is coming on strong, almost doubling its share of the profession. read more →
one of the keys to optimizing production processes is capturing information at its “root” source. this means when data enters your firm, regardless of the format (mail, fax, email or on a flash drive).
ideally, documents would be provided to the firm in a digital format such as secured email or preferably through a web portal, but the reality today is that a significant portion of accounting firm source documents arrive from clients in a traditional paper format. your firm will need to develop processes to efficiently scan, name and store these documents.
18 frequently asked questions on taxes and accounting for cannabis businesses.
plus: six leading sources for more info.
by 卡塔尔世界杯常规比赛时间 research
with cannabis dispensaries and recreational stores pulling in about $3.1 billion in revenue this year, the u.s. marijuana industry is expected to pump an estimated $10 billion into state and local economies, making it a powerful source of industry, employment and taxes for cash-strapped states, according to the marijuana business factbook. the same source projects a $29 billion industry in four years, rivaling today’s u.s. wine industry.
more than 60 tax, accounting and cpa firms in more than two dozen states are already advertising cannabis-related business issues as a specialty niche.
naturally, accountants have questions. here 卡塔尔世界杯常规比赛时间 answers a few of the most frequently asked… read more →
with cpa firms locked in a battle for top-level talent, typical wages in the u.s. tax, accounting and bookkeeping industry are advancing at record rates, according to 卡塔尔世界杯常规比赛时间 sources.
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. read more →
if you’re a sole practitioner or small-firm operator, you’re probably very good at what you do – or you wouldn’t be in business today. but when it comes to marketing and selling yourself, well, many of us didn’t voluntarily sign up for that part.
as a matter of fact, some of us are resisting – kicking and screaming – marketing ourselves. so no wonder, for some of us, business is slow or not growing at the rate we’d like.
issues related to the death of a partner should be addressed in the firm’s partner agreement. consider the following:
does the firm wish to accelerate vesting in any manner? does the firm wish to accelerate the payment frequency, vesting or both? partners are often tempted to be generous out of sympathy for the deceased partner’s family. what stops them from acting on this generosity impulse is the cold reality of how expensive this is. as a result, most firms treat death the same as an ordinary retirement.
what must be done to assign the deceased partner’s clients to other firm members and to retain the clients?
to what extent does the firm want to purchase life insurance on the lives of some or all of the partners? if they opt to purchase the insurance:
the best place to start the discussion on hardware is with monitors as it is the easiest place to see an immediate return on your it investment. your monitors are your windows into all digitally stored information and are the foundation for improving every aspect of firm production.
transitioning tax production processes from physical to digital requires that all input screens and source documents be simultaneously viewable in a convenient format, which today means more screens per workstation.
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 underutilized.
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 →
dump “nonprofit” tasks and focus on the high-value ones.
by 卡塔尔世界杯常规比赛时间 research
