Firm operations

TOPICS / FIRM PRACTICE MANAGEMENT

August 1, 2022

2022 tax software survey

CPAs assess how their return preparation products performed.

August 1, 2022

Malpractice claims in 2021 and future predictions

A look at claims against CPA firms in 2021 reveals some changes from prior years and points to future trends in this area.

July 1, 2022

Kovel agreement basics for you and your client

Kovel agreements, where an attorney, rather than the client, engages a CPA, may provide the client greater protection by extending attorney-client and attorney work product privileges to the CPA.

June 1, 2022

Rogue behavior: Risks your CPA firm should avoid

Claim experience of the AICPA Professional Liability Insurance Program has demonstrated that rogue behavior, especially at the partner level, can lead to professional liability claims.

June 1, 2022

Is it time to rethink your firm’s physical footprint?

The rise of remote work is an opportunity to
evaluate where work gets done.

May 17, 2022

Why a busy-season debrief has value, and why it’s not just for tax teams

Three CPAs discuss the importance of planning to have a debrief after an intense period of work, whether tax season or a busy sales cycle, in this podcast with transcript.

May 9, 2022

US sanctions ban provision of accounting, consulting services to Russia

Sanctions in response to the war in Ukraine include a ban on accounting and management consulting services, according to government statements issued Monday.

May 1, 2022

Small actions, big fallout: Lessons from large claims

Even small decisions or quick conversations may have significant, and expensive, consequences.

March 31, 2022

FP&A: A new niche — and an expanded definition

An ENGAGE speaker shares six core principles for business and why the abbreviation FP&A means multiple things to him in this podcast episode with transcript.

March 24, 2022

New strategies to grow the profession’s pipeline

Organizations seeking to identify and hire finance talent can follow the advice in a recent article or further explore a new apprenticeship program detailed in this podcast with transcript.

March 1, 2022

Tread carefully when using noncompete agreements

Noncompete agreements should be reasonable in scope and narrowly drafted to protect a legitimate business need.

February 22, 2022

Firm ownership can be intimidating; here’s how to overcome those fears

A CPA firm owner shares some of the fears she overcame, advice to those thinking of opening a firm, and the ways she takes mental breaks in this podcast with transcript.

February 1, 2022

Unresponsive clients pose a professional liability risk

In addition to creating unnecessary stress for CPAs, clients who fail to respond timely increase a CPA firm’s professional liability risk.

January 1, 2022

Use of e-signatures for engagement documentation

Case law provides a guide for steps to take to make sure electronic signatures are legally binding.

January 1, 2022

When and how to raise fees at your firm

Several factors come into play when adjusting rates in order to run a profitable and healthy business.

December 1, 2021

Amish Mehta, CPA

“I saw accounting wasn’t just about numbers — it was about getting to know different clients as well as their businesses and industries,” says Amish Mehta, CPA.

November 12, 2021

Rethinking real estate: The benefits of workforce segmentation

Balancing business goals with employee experience can provide the best path forward as hybrid working becomes commonplace.

November 5, 2021

Serving cannabis clients: Understand the risks

Practicing due diligence and understanding state and local laws are keys to success for firms that choose to engage with this industry.

November 1, 2021

How risk allocation provisions can mitigate risk

Use of these terms in an engagement letter can help manage the defense and cost of a claim.

October 18, 2021

What type of culture does your firm have?

In this first part of a two-part podcast, Guy Gage, founder of consulting firm PartnersCoach, discusses the three types of culture he sees most often in CPA firms, and ways you can tell which predominates in your firm.