Overcoming obstacles to engagement letter use
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
Bank-financing an accounting practice sale
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.
'Address' the risk of being your client’s mailbox
Permitting a client to use a CPA firm’s address exposes the firm to potential problems.
Technology may push firms beyond the billable hour
Switching from hourly billing to value pricing can reward tech-enabled efficiency.
Why CPAs should always prepare engagement letters for clients
Three reasons why client engagement letters are essential, according to Deborah Rood, CPA.
5 professional liability risks to avoid
This article looks at five scenarios that could put CPA firms at risk and ways to mitigate them.
Think twice before suing for unpaid fees
Such actions could prompt a client to file a counterclaim for negligence or a regulatory complaint against the CPA firm.
Which engagement letter reigns supreme?
Here’s why the annual engagement letter is the undisputed champion.
How to prepare for the annual review of your employee retirement plan
Know the areas to scrutinize in an annual employee retirement plan review to reduce the risk of errors, misunderstandings, or breaches of fiduciary duty.
The secrets to opening a new CPA office
Blake Christian, a tax partner with HCVT, drops in to reveal the secrets he’s learned from opening several new offices over the years.
Setting expectations
This infographic shows the benefits of using engagement letters, liability risks of not using them, and sources firms can consult in drafting them.
Avoiding website claims that increase malpractice risk
Website language may compromise the defense of a professional liability claim.
How implementing value pricing can help your staff get more done
Value pricing can help staff get more done because billing by the hour can remove incentives to work efficiently.
What you need to know before you sell your firm
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.
Filling vital support roles
It is crucial for firms to hire and retain quality administrative staff.
MAP survey: Firms continue to grow revenue
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.
Don’t fall victim to the newest phishing scam
Scam perpetrators can mine crucial information from executives’ public profiles on social media.
Use standard terms to build a liability shield
Firms should add standard terms and conditions to all engagement letters.
Controlling your data
CPA firms can be a treasure-trove of information for cybercriminals. Here are tips on how to protect your firm.
Making workflows work
These best practices can lead to better productivity and improved client satisfaction and retention.
