Claims relating to U.S. filing obligations for foreign activity, including the FBAR, are getting increasingly more severe.
Firm practice management
Why accounting firms need a strong strategic plan
As accounting firms look to transform their business model to keep pace with marketplace and demographic changes, it is imperative that they have a written strategic plan. This article outlines the plan’s elements and explains their value.
5 things to stop doing in your firm
Stop putting clients first? Stop making revenue the primary objective? Presenters at ENGAGE explain how these counterintuitive moves could help move your firm in the right direction.
Create a magnetic culture at your firm
To ensure a future of abundance, leaders must do better at attracting and nurturing talent.
Bad billing practices can affect malpractice risk
Billing and collection practices may not be perceived as a professional liability risk issue, but proactively managing this risk is important to more than just a firm’s financial health. Learn why.
Grow your firm with intention
It’s time to question whether growth is always a good thing. Growth for growth’s sake shouldn’t be the goal.
How one firm transformed its partner compensation model
A firm leader and one of the firm’s income partners go into detail on how the firm’s approach to partner compensation has created a more unified work environment.
‘Status quo is the riskiest option’: One leader’s proven approach
Joey Havens, CPA, a partner at a major firm, explains how to build enduring culture and why professionals should have an anticipatory mindset in this podcast episode with transcript.
Of high interest: What rising rates mean for everyone
Higher interest rates affect more than home or vehicle purchases. Learn more about the associated risks of a high-rate environment for practitioners and the clients they advise in this podcast episode with transcript.
Mitigating employment practices liability risks
Learn about common employment practices liability insurance claims against CPA firms and how to help avoid them.
Is it time for firms to transform their business model?
After helping their clients survive three tough years, accounting firms should look toward a post-pandemic future. Here are five areas you should explore to determine whether your firm’s business model needs transformation.
How to effectively onboard remote hires
Human resource experts and accounting firms offer ways to help remote hires connect with their team and their new employer’s culture.
Lessons for every CPA firm from public audit
Keep a close eye on your internal controls and reduce the risk of regulatory action against your firm.
Culture you can feel: Advice for making it an accelerator, not a constraint
A workforce transformation expert explains why it’s encouraging to her that CFOs are focusing more on people issues in this podcast episode with transcript.
How firms can support employees with sick kids
Accounting firms can support employees with sick children who struggle to balance caregiving responsibilities with work duties. Find out how.
How CPAs focused on advisory services can answer several common questions
A leader in client advisory services shares strategies for growing your CAS practice by delighting clients in this podcast episode with transcript.
The number of CFOs who are women hits an all-time high
The percentage of CFOs who are women hit an all-time high last year, and racial and ethnic minorities also continue to make gains in obtaining roles in the C-suite, according to an annual report from Crist Kolder.
How the FTC Safeguards Rule may affect your CPA firm
Federal Trade Commission guidelines intended to help protect financial institution customer information may apply to CPAs.
Private equity eyes accounting firms large and small
Private-equity investors are increasingly buying into accounting firms. The deals, which carry risks and benefits for the profession, change the way the firms operate.
Innovative CPA firm leader: ‘We never had a fear of trying’
The co-founder of a leading CPA firm explains why Monday is his favorite day of the week, how his firm got out of the “rat race” of hourly billing, and how it has adapted after a merger in this podcast episode with transcript.
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Get your clients ready for tax season
Help clients avoid surprises with year-end planning strategies for managing taxable income, maximizing deductions, and adjusting to OBBBA changes affecting individuals and businesses.
