Don’t expose your practice to a severe liability claim by relying on one of several fallacious arguments for avoiding the use of engagement letters.
Financial and admin operations
This article explains the what, why, and how for firms that may benefit from using SBA 7(a) loans in CPA firm purchases and sales.
Permitting a client to use a CPA firm’s address exposes the firm to potential problems.
Switching from hourly billing to value pricing can reward tech-enabled efficiency.
Three reasons why client engagement letters are essential, according to Deborah Rood, CPA.
This article looks at five scenarios that could put CPA firms at risk and ways to mitigate them.
Such actions could prompt a client to file a counterclaim for negligence or a regulatory complaint against the CPA firm.
Here’s why the annual engagement letter is the undisputed champion.
Know the areas to scrutinize in an annual employee retirement plan review to reduce the risk of errors, misunderstandings, or breaches of fiduciary duty.
Blake Christian, a tax partner with HCVT, drops in to reveal the secrets he’s learned from opening several new offices over the years.
This infographic shows the benefits of using engagement letters, liability risks of not using them, and sources firms can consult in drafting them.
Website language may compromise the defense of a professional liability claim.
Value pricing can help staff get more done because billing by the hour can remove incentives to work efficiently.
As the founder of brokerage firm Poe Group Advisors, Brannon Poe, CPA, has helped hundreds of CPAs sell their firms. He shares insights he has learned over the course of his career, as well as best practices for selling your firm.
It is crucial for firms to hire and retain quality administrative staff.
Accounting firms of all sizes posted year-over-year revenue gains during their most recent fiscal year, with the rate of growth increasing for most practices.
Scam perpetrators can mine crucial information from executives’ public profiles on social media.
Firms should add standard terms and conditions to all engagement letters.
CPA firms can be a treasure-trove of information for cybercriminals. Here are tips on how to protect your firm.
These best practices can lead to better productivity and improved client satisfaction and retention.