special

twelve tips for negotiating mergers

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four businesspeople, left handshakeplus: guarding against deal fatigue.

by marc rosenberg
cpa firm mergers: your complete guide

after you’ve identified a merger partner.

after you’ve convened a get-to-know-you meeting.

after you’ve exchanged financial and production data.

after you’ve received letters of intent,

more: mergers: one stage or two? | what your merger letter of intent needs | 61 things buyers should explore with sellers | thirteen ways to woo potential firm buyers | one times fees isn’t the only way | four reasons to fear a merger
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… now you’re ready to get down to business! it’s time to begin arguably the most critical of the dozen or so major steps in the merger process: negotiating the deal. read more →

hector garcia: success strategies of a quickbooks youtube superstar

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the disruptors: his secret recipe for attracting and retaining clients and employees.
subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google, spotify, iheart, deezer, amazon music and audible, player fm, audacy, gaana (india), and boomplay (africa).


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

any accountant who has ever met hector garcia will likely use the adjective “generous” to describe him. since 2011, he’s been sharing his encyclopedic knowledge of quickbooks on a youtube channel that has generated millions of views.

more:  why doing nothing is not an option | 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  | private equity vs. the cpa firm partnership the fintech flood: accounting will never be the same  |  think small to think big with matt wilkinson | your sales tax headaches are only just beginning | when financial statements go extinct with corey schmidt  |  can geraldine carter save accountants from themselves? |  re-inventing accounting with tyler anderson |  turning client service into new revenue

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because of that youtube channel, he hasn’t printed business cards for two years.

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how to get into your own cpa practice

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bonus: 14 tips on getting your first clients.

by ed mendlowitz
101 questions and answers: managing an accounting practice, the complete 2-volume set

q: i am working for a cpa firm, but would like to get into my own practice. can you give me some suggestions?

more: 15 tips for novice managers | why no one listens to you | how to stop yourself | how to handle referrals with attorneys | why checklists? | thirteen things to know before selling your practice
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a: essentially, you have three options (four if you count my pet project, but i won’t belabor it).
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the philosophy behind a team

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high angle view of business people stacking hands in a teamwork gesturewhere does ai fit? as a team member.

by penny breslin
it’s not just the numbers

team building can be a difficult concept in a compartmentalized world. accounting firms are often set up so that specific people within the firm do specific work and are not always involved in the setup, mid-work or outcome. that is a function of 19th- and 20th-century education and business work practices as well as the native privacy inherent in minding clients’ financial data.

more: 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
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but as andres oppenheimer points out in his book “the robots are coming!,” it is the specialized functions of professionals that are most susceptible to automation. the more specialized the work and the information used, the more a robot can automate.
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app of the week: grow your business knowledge and career skill sets

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it’s never a bad time to increase your business acumen, and this 卡塔尔世界杯常规比赛时间 app of the week can help you and your team advance company goals.

by beth ziesenis

september is self-improvement month, and it’s a great opportunity to grow your business skills and knowledge base.

more: nerd365: app of the week | app of the week: celebrate black business month | app of the week: cheap flights

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

with more firms needing to upskill or reskill team members, why not take advantage of free or low-cost ways to do so?

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accelerate your success by becoming a thought leader

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distinguish yourself from the competition by being the go-to pro. 

by russ alan prince

accounting services are commoditized. however, this does not mean that all accountants can deliver the same level of expertise, but it does mean that better accountants can provide better expertise. what is more telling is that clients—both individual and corporate clients—are usually unable to discern the quality of the accounting services they receive. for most clients, it can be tough to differentiate between accountants when it comes to filing tax forms or providing tax advice.

 

more: what level of advice do entrepreneurs need? | three approaches to investment consulting | the role of the personal cfo | three components of collaborative wealth management | 2022世界杯32强赛程表时间
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

for higher-margin practices, the competition for clients is intense. for example, one of the most significant growth areas for accounting firms is having a family office practice. the wealthy—especially the ultra-wealthy—are regularly choosing to work with family office practices over other providers. furthermore, the profitability of a well-run accounting firm’s family office practice is significantly better than most other practice areas. with so many accountants positioning themselves to provide family office services, even with exploding demand, some will seriously underperform.

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what clients need to know

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diversify and function as a fiduciary.

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

the first thing you and your clients should understand as investors looking to make smart financial decisions is this: the broad asset classes you choose to own (such as stocks, bonds, alternatives, real estate, private equity and so on) and the percentage of your household wealth that you allocate to each of those asset classes will have a greater impact on your future investment returns than any other decision you make – including which individual stocks you buy.

more: preserving wealth is a different mindset | do you know your client’s total picture? | what level of advice do entrepreneurs need? | three approaches to investment consulting | the role of the personal cfo | three components of collaborative wealth management | 2022世界杯32强赛程表时间
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this means your first question as intelligent investors must be: how should i allocate my assets among the major asset categories?
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five cash reports you can’t live without

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profits don’t mean a thing if they’re not represented by cash.

by ed mendlowitz
77 ways to wow! the handbook for small-business advisory services.

cash is the lifeblood of a business. cash amounts. cash flows. cash changes. no matter what anyone tells you, cash is the bottom line you must watch and accumulate.

more: the priorities were backward | the seven-minute financial statement | the kpi an absentee manager needs
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simplistically, knowing your cash balance gives you a sense of how you are doing. if it goes up, you are making money – if it goes down, you are losing money.
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why firms shy away from cas

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portrait of a cheerful businessman smiling at the cameraif you’re hesitating, consider these solutions.

by hitendra patil
client accounting services: the definitive success guide

why fall into the same trap that other firms have fallen into during their client accounting services journey? if you know what those traps are, you will save significant money and time in establishing your cas practice.

more: how to tell who fits cas | cas is an upgrade pitch | why you can be a virtual cfo | clients’ new expectations | what cas is and isn’t
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fortunately, the 卡塔尔世界杯常规比赛时间 cas survey identified which are the top five cas killers, for firms of different sizes, that the accounting profession has experienced.
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u.s. combat medics look to a.i. goggles

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augmented reality goggles could someday be the difference between life and death on the battlefield. could the technology move to the mainstream with civilian paramedics?

by rick richardson
technology this week

the combat medic is the most important factor in surviving a battlefield injury. the medic is first on the scene and can administer help within the golden hour or even golden ten minutes. quick, effective medical procedures can be the difference between life and death.

more: only 19% of firms host email | 52% of firms look outside for it support | firms battle disruptions in communications and workflows | pandemic changed work for 64% | pandemic? what pandemic? | m&a looms large for 30% of firms | today’s top 3 tech problems: security, client onboarding and workflow | today’s top 3 problems: staffing, workflow and tech
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the defense advanced research projects agency (darpa) has selected raytheon bbn to lead a team to develop an augmented reality device that will provide the combat medic with a virtual assistant. the system will use a set of a.r. goggles to provide visual information on 50 different medical procedures.

read more →

the goldmine at your fingertips

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competition is intensifying, but proper service to one client base could be all you need.

by russ alan prince

in many ways, the accounting industry is under pressure. for example, fee compression is an issue for many accounting firms. more savvy and cost-sensitive clients are looking for a “bargain.” at the same time, competition for many of the services some accounting firms provide is intensifying. tax consulting, for instance, is being done by wealth managers, lawyers and even some life coaches.

more: what level of advice do entrepreneurs need? | three approaches to investment consulting | the role of the personal cfo | three components of collaborative wealth management | 2022世界杯32强赛程表时间
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

while many accounting firms are under pressure because of increased competition and more demanding clients, there are certain types of clients that prove exceedingly profitable. read more →