practitioners should consider how many of these mistakes they might be making right now, from ed mendlowitz, cpa and author of “the tax season opportunity guide.” read more →
what happens when today’s practice management principles become obsolete?
by rick telberg
from “the sevenkeys to successful cpa firm management“
in today’s competitive and rapidly changing business environment, change management may be the single most important skill for every cpa. read more →
is your accountant ahead of the curve on technology, or behind?
by rick telberg
卡塔尔世界杯常规比赛时间
as small and medium-sized businesses move increasingly online and adopt technologically integrated accounting systems, many tax and accounting firms will need to evolve or face extinction, according to a new survey obtained by 卡塔尔世界杯常规比赛时间. read more →
study identifies the value-adds of a coo.
by marc rosenberg
author of “cpa firm management and governance: the essential managing partner’s guide to running a cpa firm like a business.”
in baseball, the most valuable player award is conferred to superstars of the game. there is controversy over who should win the award: the player with prodigious individual production stats or the one player in all of baseball who was the most valuable player to his team, who was indispensable, without whom the team would not be a winner.
in a cpa firm, the nominees for the mvp award are:
both our experiences with cpa firms as well as the results of several surveys we’ve done of firm administrators show that firm administrators can build a very strong case for winning the mvp award.
a survey of firm administrators
in recent years, we have conducted several surveys of firm administrators across the country.
here is a summary of key firm admin roles that build the case for the admin being his/her firm’s mvp: read more →
now second only to oil drilling as nation’s most profitable industry.
a new analysis of financial statements shows tax and accounting businesses are improving their net profit margins despite an otherwise harsh economy, according to new data obtained by 卡塔尔世界杯常规比赛时间. read more →
workflow at tipping point; xcm solutions prepares to meet demand
mike sabbatis joins xcm solutions’ board to aid in execution of aggressive growth strategy
braintree, mass. – march 25, 2013 – xcm solutions, llc, the leading provider of cloud-based workflow management software for the accounting profession, today announced the appointment of mike sabbatis to the xcm solutions board of directors. recognized best for his leadership in delivering innovative solutions to the accounting industry, sabbatis will help the company in the execution of an aggressive growth strategy, as it prepares to meet the growing demand for workflow management software among accounting professionals.
the market for workflow management software is reaching critical mass as firms of all sizes look to technology to streamline and standardize more efficient digital processes. xcm solutions is planning to significantly expand its presence across all market segments, building on the success it has achieved in serving 30 percent of the top 200 firms in the nation, in addition to more than 400 small to mid-size firms that currently use xcm.
according to 卡塔尔世界杯常规比赛时间 research, a full two-thirds of tax and accounting firms report that workflow innovation is a high priority item for the coming year. “as a profession, we’ve gone past paperless – you’re either paperless or obsolete – and so the next move is streamlining your workflow. cpas are looking for vendors that can solve their workflow problems and give them a competitive advantage,” said rick telberg, ceo of 卡塔尔世界杯常规比赛时间 research and www.g005e.com.
“it’s an exciting time in the life cycle of a software company as we are seeing a broad market adoption of workflow software,” said sabbatis. “xcm solutions had the vision in this area and is at a level of maturity where their applications are proven to meet the needs of firms large and small. they have deep subject matter expertise and a passion that positions them well to capitalize on the market opportunity.”
former president & ceo, cch tax and accounting, north america at wolters kluwer, sabbatis is widely recognized in the accounting space as an innovator in delivering new solutions and business models for cloud computing and saas, mobile technology, and for pioneering the “paperless” revolution. his broad industry expertise reaches deep into accounting and finance workflows extending to solutions that support the end-to-end processes for professional firms.
sabbatis was responsible for leading a customer-centric set of business units in cch’s professional and corporate software, information and services markets. prior roles included executive vice president of global sales & marketing, and vice president of business development. he also served as cmo at advantage moti, a joint venture with datamatics, ltd focused on bpo, and vice president, business development and strategic accounts at thomson corporation.
“over the years, our experience in working with mike as a customer, business partner, and a competitor has been one of mutual respect and collaboration – through our common goal of providing the best solutions for practitioners,” said mark albrecht, founder and ceo, xcm solutions. “his leadership, deep industry knowledge, and broad expertise will no doubt serve as assets in guiding us through this exciting phase in the life of our company. however, to me, it’s really his vision and passion that make him such a good match for our culture.”
sabbatis’ appointment to xcm’s board is the latest in a series of recent high profile appointments the company has made in key areas to prepare for growth. late last year, xcm solutions announced kim hogan’s appointment as the director of west coast operations and, earlier this year, joe manzelli jr. joined the company as a leader in its outsourced workflow division. the company also announced record sales results for the 2012 fiscal year – reporting significant growth across all product categories, including growth in net new business by 89 percent over the previous fiscal year and overall growth of 39 percent over the same period.
about xcm solutions, llc
founded by cpas, xcm solutions, llc provides accounting firms with web-based workflow management solutions that increase efficiency, productivity and profitability. the company’s management team has drawn on its extensive experience in public accounting and clear understanding of the paper-driven workflow issues facing the profession to develop technology that addresses those challenges.
xcm’s customer-guided development process has helped the company continuously raise the bar for business process automation solutions for the accounting profession. the award-winning xcm™ workflow management software has become a key piece of the technology equation for firms re-engineering paper-based processes as they move toward a paperless environment.
in 2010, cpa2biz, a subsidiary of the american institute of certified public accountants (aicpa), and xcm solutions formed a strategic alliance to bring the xcm workflow management software into cpa2biz’s trusted business advisor(sm) solutions cloud computing platform. for more information, visit www.xcmsolutions.com.
lessons from the best-managed firms.
by marc rosenberg
author of “cpa firm management and governance: the managing partner’s guide to running a cpa firm like a business.”
baby boomer partners are rapidly approaching retirement age, resulting in a dramatic increase in new managing partners at firms.
in fact, 卡塔尔世界杯常规比赛时间 estimates that up to 25% of multi-owner firms are operating under managing partners who are relatively new to the job, with tenures under three years. and over the next five years, one-third of multi-owner firms will undergo a change in ownership and/or control. read more →
the new monograph from a featured 卡塔尔世界杯常规比赛时间 contributor
learn more at: http://baystreetgroup.com/store/rosenberg-merger/
warning: this article will make you question your controls and audit procedures.
by gary zeune, cpa
managing director, the pros & the cons
most risk is not in the accounting records. why not? because the vast majority of our work as cpas involves monetizing and measuring activities that have already occurred.
the risk starts before we do our job. think recording sales, not making sales. in manufacturing, think cost accounting, not making widgets.
because our work is historical, one of the major flaws, no matter the type and size of the entity, is that we usually react to change after fraud has occurred. when a new law, regulation or competition affects our employer or client, we fail to implement new controls or audit procedures to compensate for new fraud risks. read more →
welcome to the post-pc world.
by brian tankersley, cpa.citp
for intuit accountants news central
welcome to the post-pc era. the (desktop) computer as king of the technology kingdom is now officially dead!
over the last five years, we have largely moved from desktop computers running locally installed purchased software to running mobile apps, and subscribing to services ranging from office 365 to quickbooks® online. read more →
and 12 questions a good marketing professional should be asking.
by bruce w. marcus
professional services marketing 3.0
and now a word to accountants who think they know marketing. unless you’re that rare bird who’s had some successful experience because you have some kind of inborn talent for marketing – and there are some of you like that – you don’t know beans.
and you won’t know beans until they start teaching marketing in accounting schools, which is long overdue. or until you’ve had long experience with a terrific marketer on your staff. but if you don’t have a natural affinity for it, there are things you should know that will result in your competing successfully in this wildly competitive market. or until you hire marketers who know their stuff, and can teach you what you should know. read more →
stress management is critical to a successful season.
by sandi smith, cpa
accountant’s accelerator
i don’t want to stress you out, but we really do need to do something about our stress levels.
the american psychological association says our kids are getting headaches, having difficulty sleeping, and eating too little or too much due to pressure from school and household finances. the worst part is that most parents were not aware of the severity of their children’s stress.
many adults reported not knowing what to do to change their lifestyle so they could reduce their stress, so it just makes sense to talk about this a little.
here are the most common stress-reducing tasks that some people do, according to the survey: read more →