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jennifer wilson: empower young workers to build the firm everyone loves

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jennifer wilson: wanna grow? employ the 10% x three rule

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

jennifer wilson has been advising and coaching firms on better ways to run their firms for years, so she has had an inside view of how firms perform well or perform badly. wilson said that building a sustainable firm that attracts and retains the best people and that the younger generation wants to own will require changes from how many traditional firms have operated.

more:  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

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though firms quickly switched to remote work at the pandemic’s peak to create a culture of “anytime, anywhere work,” many are now moving backward. some firms are giving wishy-washy messages about returning to the office, which makes remote team members feel they have little chance of promotion. “smart firms are not rolling backward right now,” wilson said. they are finding ways to do “mass customization and personalization of schedules and workplaces” to make everything work for team members, work for clients and work for the firm.

this may mean making tough decisions to let clients or underperforming staff go.

pro members always get all the top takeaways, details on the guest, and the full transcript.

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five experts your wealth management team needs

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woman's hand pressing words "ask an expert"plus a few more specialists for occasional circumstances.

by anthony glomski

entrepreneurs and other successful people typically have complex and varied financial needs. the most successful among them typically work with five key professionals on a regular basis (see below). these are the experts who have the capabilities to solve the majority of the investment and advanced planning issues your clients are likely to face as they pursue the next stage of their lives:

more: why you need a team of experts | why a virtual family office? why now? | is your client’s umbrella big enough? | your client’s instincts are wrong | preserving wealth is a different mindset | three approaches to investment consulting
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

  1. wealth manager
  2. private client lawyer
  3. accountant/cpa firm – ideally, a firm large enough to have multiple partners and a deep bench
  4. life insurance specialist, who is knowledgeable about current estate tax mitigation strategies
  5. property and casualty specialist

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forensic techniques can be fraud deterrence

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businessman manager using tablet check and control for workers with modern trade warehouse global business commerce concept or import-export commercial logistic.bonus: 11 examples of “control culture” services.

by ed mendlowitz

trained forensic professionals investigate accounting and financial transactions that are, or will become, subject to legal proceedings. it is an early step in a potential war, and many times it is the first shot.

more: six benefits of an internal audit | the ten financial controls that’ll make you a hero | five cash reports you can’t live without | when an audit is a great thing
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attorneys and c-level executives are often not familiar with forensic techniques and see them as a means to quantify a loss. financial forensics also provides a means to deter and detect fraud. today, i share my views on the value of forensic techniques used to deter fraud and encourage cvas to consider attending the cti’s forensic accounting academy™ or fraud risk management courses offered through the maff programs.
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six ways that cas processes are different

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businesswoman talking to businessman over tablethow to help your client run their business better.

by hitendra patil
client accounting services: the definitive success guide

let us focus on cas-specific processes that can give you competitive advantages. this is not about the technicalities of accounting processes. as a professional accountant, you already know the accounting fundamentals required to create your processes for each of the segments of the services you provide.

more: why cas? why now? | nine ways to measure client experience | twelve clues it’s time to outsource or offshore | yes, you have the staffing for cas | why firms shy away from cas | hook your firm on cas | can you identify real cas prospects? | 8 ways to create your cas practice | do you value your cas value?
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are cas processes different than what you have been doing till now? yes, and no.
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enlist ai for more productive meetings

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get your whole team focused and let the great ideas fly. 

by beth ziesenis
app of the week

we’ve all seen it.

virtual meeting participants can often lose focus if they’re concentrating on capturing usable notes rather than brainstorming solutions.

more apps of the week:  keep teams on task with project management apps | apps to put your affairs in order | app of the week: celebrate black business month | app of the week: cheap flights | help your clients save money | time to upgrade your spreadsheets | app of the week: secretly stash cash | easy apps for increasing client engagement with video | app of the week: grow your business knowledge and career skill sets | app of the week: upgrade your resume | app of the week: end procrastination | 
see all: apps of the week here |
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how much more handy would it be if all your team members could fully participate knowing meticulous notes are already being taken?

interestingly, the national day of listening is the day after thanksgiving. it reminds us to focus on our conversation partners instead of our own thoughts or phones.

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why cas? why now?

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hitendra patil cas q-and-a logoreal-time business insights are the game changer.

by hitendra patil

the definitive success guide to client accounting services

have a cas question? get it answered here.

q: i saw that cas is now the no. 1 revenue growth driver for top 100 firms. why is cas so big now – what changed?

more cas: matching your tech to your cas clients | the tech stack you need for cas | yes, you have the staffing for cas | six steps to spreading cas awareness  | finding profits in cas |

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a: client accounting services is now gaining more intense attention from firms of almost all sizes. cas is the no. 1 revenue growth driver of the top 100 firms in the country. why has cas has become so popular? to know this, one needs to recognize a bit of the history of the profession and the technology together.

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outlook 2023: consolidation brings challenges, opportunities

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is your brand living its promise?

by sarah dobek

the profession will continue to see consolidation at all levels as mega firms continue to be created, presenting challenges and opportunities for middle-market firms. to compete, firms of all sizes will see a heavier focus on growth beyond their geographical boundaries. this will also require many more technical challenges and resources.

more: outlook 2023: top five trends | outlook 2023: compensation gets creative | outlook 2023: the office is over | 2023 outlook: private equity comes for accounting firms
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labor force challenges will endure, and firms will continue working to augment their staff more deeply. firms will continue to explore roles for those in their firm. while it will take many years for the collegiate institutions to catch up, defining clear paths and roles for client servers, relationship professionals and technical experts must happen as part of this professionwide change. firms will continue to leverage operational support and continue asking questions about what they really must do and how to create new roles to support their firms.
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outlook: the biggest change in accounting? personnel

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four ways to address the talent shortage.

by 卡塔尔世界杯常规比赛时间 research
the rosenberg map survey: national study of cpa firm statistics

the accounting industry has just begun to make its most radical change.

  • it isn’t the tech.
  • it isn’t the shift to advisory services.
  • it isn’t the remote offices.
  • it isn’t the mergers and acquisitions.

it’s all those things, plus what they all add up to: personnel.

more: four accountability steps for firm success | how to build a standout team | five keys to becoming a high-performing firm | assessing your firm | the 4 traits of great cpa leaders | why leaders must ensure clarity | incremental vs. exceptional success
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the industry has been suffering a shortage of professionals for many years now. decades. everybody talks about it, but nobody is doing much about it … until now. and, according to charles hylan’s foreword to the 2022 rosenberg survey, the solution is a combination of several significant changes.

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marketing? know your goals first

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digital strategies level the playing field.

by penny breslin
it’s not just the numbers

picking the best clients won’t automatically bring you a steady stream of eager prospects, ready to pay you their hard-earned cash. you have to do some work to help them find you.

more: pick your favorite clients | top ten types of clients (and 24 more reader suggestions) | eight things to stop doing now | keep the accountants focused on accounting | which kind of team do you have? | you don’t have to do everything | what do you want advisory services to be? | meet the new bos | why ai is not the enemy
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

most accountants and bookkeepers would rather do anything other than marketing. most equate marketing with being a pushy and sleazy used-car salesman. a better way to think about marketing is telling the world what you do, who you do it for, and how you can help the people who need your help.
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anatomy of a fraud

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can you spot the five accounting weak points?

by ed mendlowitz
77 ways to wow!

in this fraud, ing, an extremely large and well-known financial services company, had approximately $8.5 million stolen from it by a single employee for a little more than four years.

more: six benefits of an internal audit | the hazards of poor internal controls | rule #1: start with cash | the priorities were backward | how to read a financial statement | 77 thoughts about client needs
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here’s how it worked:

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why you need a team of experts

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five businesspeople shaking hands under office skylightit doesn’t undermine your most trusted advisor status, it cements it.

by anthony glomski
your $5 million high-net-worth practice

by now, you’ve gained a solid understanding of the many financial issues and challenges that your clients face, especially entrepreneurs who may be approaching a liquidity event. what’s more, you have seen the process that goes into addressing those challenges in a manner that coordinates each client’s entire financial life – from their investments through their broader non-investment issues. it’s not just about their taxes and their company’s financial statements.

more: why a virtual family office? why now? | maximize your client’s charitable giving | estate plans: can you ask clients these eight questions? | when clients don’t listen | do you know your client’s total picture?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

as you seek to implement solutions in these areas, consider all the tasks that must be accomplished in order to maximize the probability of achieving what is most important to your clients and their families. among other responsibilities, it is essential to do the following seven steps:
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