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growth strategies

sixteen steps for maximizing firm resources

businesspeople having a meeting over coffee sitting together at a table discussing a document, young man and two middle-aged women present

productivity and profitability will benefit.

by august aquila
max: maximize productivity, profitability and client retention

if you understand your client base you can better allocate resources and effectively manage your human, financial, technological and other assets to maximize efficiency, productivity and profitability. here are steps you can take to allocate resources effectively:

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  1. set clear objectives: define your firm’s short-term and long-term goals. understand what projects, clients and services are a priority for you, and then, align resource allocation accordingly.

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five checkpoints on facing challenges

they’re inevitable, so be prepared.

by martin bissett
passport to partnership

when challenges come our way, regardless of what shape or form they arrive in, our world seems to lose a bit of brightness, there’s a little knot in the gut and a sense of peace broken.

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the question is, if we were watching our own responses to these trials, would we appoint ourselves as the next partner of the firm?

let’s examine five checkpoints to test your own, or your staffers’, abilities to overcome challenges.
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opportunity zones extended and expanded under obbb

extended beyond 2026, oz 2.0 opens the door to rural investment boosts, increased bonus depreciation, and a decade of fresh development opportunities.

by blake christian
hcvt llp

eight years after being introduced as part of the 2017 tax cut & jobs act, the federal opportunity zone (oz) program has already made a measurable impact on underserved areas of all 50 states. with the recent passage of president trump’s one big beautiful bill (obbb), the oz program has been officially extended beyond its original sunset date of dec. 31, 2026. it is now poised to shift that impact into high gear.

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if you’re not highly familiar with the oz program, here is a brief primer:

the oz program has always been bipartisan (conceived by president obama and first enacted by president trump). it is further unique in that it presents a rare opportunity to align wealth-building strategies with low-income economic impact. this allows investors to diversify (profitably) into real estate and operating businesses while participating in the revitalization of communities that need it most.
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pro member exclusive

why firm governance and economics matter

three critical components of success.

by domenick j. esposito
8 steps to great

“growth is never by mere chance; it is the result of forces working together.” – james cash penney, founder, jcpenney

your firm is a business and the vehicle for generating wealth for you and your partners. you need to operate it with strict governance processes, a system of accountability and a firm economic foundation.

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balance sheets, usually funded by partner capital and a line of credit for seasonal working capital needs, need to be strong to protect your cpa firm from the loss of a senior partner, loss of a marquee client or just an overall poor economy that results in tepid growth for clients and therefore a reduced appetite for professional services.
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