plenty. the real work starts when the deal is done. by rick telberg as if busy season wasn’t busy enough, many accountants are finding themselves weighed down by the added burdens of integrating a new practice merger or grappling with … continued
how to get started… now.
practice management consultant steve erickson is on a quest to improve profits at cpa firms.
here are five ways you can get started today: read more →
do you have the courage to change the firm’s culture?
by august aquila
accountability, according to the merriam-webster on line dictionary, is “the obligation or responsibility to accept responsibility or to account for one’s actions.” let’s explore what this definition means.
first, there is an obligation. an obligation is a promise to do something. if a company has a financial obligation and fails to meet it, it may go into bankruptcy. if individuals fail to meet their obligations they also fall into a state of bankruptcy – i.e., failure.
second, it is a personal responsibility. each individual needs to account for his or her own success or failure.
impact of lack of accountability
there is a real financial impact to the firm because of a lack of accountability. read more →
remember rule number one – “no integration, no successful merger.”
by august j. aquila
you decided to conduct a merger to achieve some strategic objective, you went through all the emotional turmoil of getting both parties to sign the documents, and you think you are done.
even if the economy isn’t helpful, businesses can start planning now on how to improve their operations.
“the main goal is to manage cash flow more efficiently,” says leigh lones, risk director, bibby financial services, a factoring company. “with some forward thinking and planning, businesses can implement important changes to their operations to improve their bottom lines, even if the economy remains lifeless.”
10 new year’s resolutions for businesses
1. pay your employees first, they are your highest priority and don’t forget the irs – keep current with payroll taxes.
2. pay attention to the credit worthiness of your customers so you are confident your will get your money. remember a sale is not a sale until you have been paid.
3. limit the amount of business you do with any one customer so you aren’t left penniless if they run into trouble and are unable to pay. read more →
veteran cpas reveal their competitive edge. by rick telberg the formula for success in a career in accounting and finance begins with a laser-like focus on serving clients and other stakeholders above and beyond normal expectations, according to a roundup … continued
small firms (15-24 employees) rank firm headquarters no. of employees new hires in last year turnover (%) % of internal promotion avg. hours of orientation training hours per emp. chief executive 1 mark bailey & co. reno, nev. 15 3 … continued
what’s your definition of a great leader? by rick telberg with the financial meltdown of 2008 and the ensuing credit crunch, corporate america has been rocked to its foundations by a crisis of confidence, requiring a new era of smart … continued
maybe there was a time the job of a leader and a manager could be completely separated. but in today’s tax and accounting firms, where workers are no longer interchangeable cogs in a machine, people look to their managers for … continued
still, many cpas see a better year ahead. by rick telberg cpas appear to be headed into busy season 2010 with cautious optimism that this year will be better, or at least no worse, than last year’s, when the economy … continued
finance execs can glean a few insights from how some fortune 500 ceos are riding out the recession. by rick telberg for the finance executive few business people accurately predicted exactly when the global economic bubble would go bust, nor … continued
accountants who believe they work for a relatively superior organization are far less likely to be looking for their next job. by rick telberg with the economic downturn bringing sometimes brutal pressures to bear on corporate finance, many companies are … continued
and three new rules for surviving today’s management challenge. by rick telberg in these times that test the mettle of accounting and finance leaders and mangers, it may be worth pausing for a moment to ask if the rules are changing. … continued