today's features
advisory & consulting

trends are all around us

are you using the knowledge in the best way?

by ed mendlowitz
77 ways to wow!

trends are ubiquitous. those running a business or not-for-profit organization need to be aware of trends that affect how they will operate and remain viable and sustainable.

more: six kinds of loan covenants | 26 ways to wreck a financial projection | three ways to run a break-even analysis | price not always the top consideration in a sale | when an owner dies without a buy-sell agreement | due diligence is in the details
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the language of business is spoken with numbers. numbers themselves are not always important, but the trends that they represent are always important. it is essential for business owners and managers to be aware of and sensitive to changes indicating trends. usually, the trends are not huge waves but slight drifts away from what you are doing and toward a new paradigm.
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pro member exclusive

four steps to a high-net-worth practice

businesswoman holding giant dollar symbolyou have the knowledge. it’s time to apply it.

by anthony glomski and russ alan prince
your $5-million high-net-worth practice

the world has changed in ways we can see and some that we do not yet understand. some of these changes have been in process before the covid-19 crisis, such as greater competition, the use of artificial intelligence, and the immense increase in private wealth.

more: three ways the wealthy use life insurance | help clients avoid fallout from personal complications | why tax planning matters so much to the wealthy
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other changes, such as the way people are and will likely continue to interact, are a function of the crisis. for example, video calls and conferences are going to become a bigger part of the way professionals interact with clients and each other.
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advisory & consulting

accountants are perfect for virtual cfo roles

cas helps drive up the demand.

by hitendra patil
client accounting services: the definitive success guide

tom, a cpa, has always been a curious person. for over 15 years, his tax “practice” was doing well. during the tax season, he had no time to think. but, oblivious to himself, with each tax return, he was depositing new questions in his subconscious.

more: ten ways to tell a client is ready for cas | wants vs. needs: why not fill both? | raise client expectations with cas | launch cas in just eight steps | get sticky with cas | the why behind your cas why | who is the professional?
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he is now a shared cfo of 12 companies. but he took up the cfo work accidentally.

how?
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pro member exclusive

nine ways to handle partners with strong views

angry businessman discussing with his colleague on a business meeting in the officetake a moment to focus on learning, not winning.

by august j. aquila
what makes a great partnership

question: since recently becoming our firm’s managing director, i’ve been engaging a number of my colleagues in discussions on how we should be concerned with delivering more value to our clients. i think this is an important issue for us going forward and find that most of my partners are on board conceptually and willing to explore the issue.

more: nine standards for partner compensation | 12 points of a good compensation plan | ten steps to a new managing partner | what managing partners must be doing | do your partners pay their own way? | how to create firm accountability | five questions to ask your partners about accountability | how you can get partners to change
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however, there are a few who are have responded uncompromisingly, with rather curt, dismissive statements whenever the topic comes up. any tips for me on how you might handle the partner who holds strong beliefs on high-stake topics and demonstrates little willingness to either listen or consider alternative views?
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pro member exclusive

four ways to prepare for the ai era

businesswoman in wheelchair meeting with potential clientclient interactions will increase. you’ll be needed more than ever.

by hitendra patil
rise of the aiccountants

we have discussed that ai-powered functions will become more potent with time. it will not feel like an overnight apocalypse, provided you are keeping yourself abreast of the progress of artificial intelligence in the accounting profession.

more: seven ways ai could change accounting | who is better at accounting, ai or humans? | talent shortage: ai neither the cause nor the remedy | accounting profession to experience highest ai impact | be serious about ai, not amused
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but how exactly can you prepare for the era when ai metamorphoses your work?

before entering the new ai-powered era, let us figure out what is happening now.
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