Use the 2010 MAP Survey to Benchmark Your Firm
The AICPA’s James Metzler, CPA, and Mark Koziel, CPA, discuss findings from the 2010 PCPS/TSCPA National MAP Survey, conducted by the AICPA’s Private Companies Practice Section and the Texas Society of Certified Public Accountants. The 2010 survey includes responses from nearly 3,000 firms and allows firms of all sizes to compare their management policies and financial results against other firms. It also provides strategic guidance to help firms build their practices.
Is your state facing a particularly grim financial outlook? Why not treat your state and its budget crisis like you would a client in distress, says Ohio Society of CPAs President and CEO Clarke Price. In this video, he describes what happened when OSCPA took on Ohio’s economic crisis.
How to Make Your Accounting Department More Efficient
Asked to do more with less, accounting departments in many businesses are being pushed to the max. When adding staff isn’t an option, there are ways to fine-tune workflow and rev up efficiency. In addition to seven resource-saving tips, the online version of this month’s checklist offers a slate of questions to make a process walkthrough productive and to establish metrics that can be used to measure performance.
IRS Postpones Health Care Coverage Cost Reporting for One Year
The IRS announced that employers will not be required to report the costs of employer-sponsored health care coverage on employees’ Forms W-2 until tax year 2012. The reporting was mandated by this year’s health care reform legislation, but the IRS determined that employers need more time to comply.
SOCIAL MEDIA TIP
Share Your Favorite Content
Many websites now include a sharing button or widget with their articles or videos, making it easy to send items of interest to friends or colleagues. Look for icons that say “Share,” “ShareThis” or “AddThis,” a series of sharing icons that could include an e-mail icon or the Facebook and Twitter logos, or a combination of both.
On journalofaccountancy.com, for example, you can share articles using the buttons located above every headline:
The most popular methods of sharing on the JofA website are by e-mail, Facebook and Twitter. These are the default choices. To browse the other sharing options, roll over the green “ShareThis” icon on the right and click “View All.”
There’s a variety of options, which vary by website, but to share on social media and networking sites such as Facebook and LinkedIn, you will need to log in to your account. If you’re not already signed in, you will be prompted to a login screen, then automatically brought back to the page to share your content.
For more social media tips, visit facebook.com/JournalofAccountancy and click the “Tips” tab.
More from the JofA:
Find us on Facebook | Follow us on Twitter