Capture and Share Firm Expertise

In a recent CCH survey, accounting firms associated several benefits with having formal knowledge management programs, such as an increase in efficiency (76%), productivity (63%) and revenue (62%) and an improvement in client service (69%). These firms were also more likely to follow other management best practices, including:

Using a database for knowledge sharing

Conducting regularly scheduled training on knowledge management systems

Deploying supporting technology to further knowledge initiatives

The survey found, however, that only 36% of firms have established these programs. In them, firms are compiling specialized subject area information and legislative and regulatory knowledge in a centralized repository. Though not as common, these repositories are also used to analyze growth opportunities and gather industry intelligence.

For a white paper on the survey, which also explores intelligent business building blocks and best practices for transforming a firm’s practice, visit

Source: The 2007 CCH Intelligent Business Survey,


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.