CPA firm practice management news and resources

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December 1, 2015

How to admit new partners: A fresh approach

Accounting firms seeking long-term viability must infuse the partnership ranks with fresh blood when the time and terms are right. A method called AAV can help with this process.

December 1, 2015

The importance of gauging a client’s tone at the top

Even a flawlessly executed engagement can be placed at risk by a client with poor tone at the top.

December 1, 2015

Preparing for what’s next

CPAs do a masterful job of taking care of their clients’ business, but they also need to make sure they look out for their own. Practice-continuation agreements can minimize the chaos in the transfer of a CPA practice to a successor.

November 16, 2015

Women see far more partnership gains with small firms than with large ones

The AICPA CPA Firm Gender Survey found that women account for 40% of the partnership ranks in firms with 20 or fewer CPAs—double the rate of firms with 100 or more CPAs.

November 16, 2015

What clients want from CPAs

Properly managing client relationships is a key to repeat business and to generating referrals.

November 2, 2015

5 strategies for managing the coming talent crunch

The column explores five top strategies to help you better manage your firm’s capacity issues.

November 1, 2015

The dangers of dabbling

Undertaking new, unfamiliar service offerings can elevate the risk of errors and professional liability claims.

November 1, 2015

Rise in U.S. accounting salaries accelerates

Employers also are embracing flexibility to attract and retain talent.

November 1, 2015

Diane B. Medley, CPA/ABV, CGMA

Diane B. Medley, CPA/ABV, CGMA, is managing partner and co-founder of Mountjoy Chilton Medley LLP in Louisville, Ky.

November 1, 2015

Maximize proceeds in accounting firm sales

Misconceptions about how to price and structure the sale of a practice can cost CPAs much of their equity. CPAs have many options to sell on their terms.

October 26, 2015

How CPAs can save money and time when traveling

CPAs who travel face the modern-day hassles of business travel, from booking to packing to hopping on and off planes, trains, and automobiles.

October 22, 2015

Dispelling 4 myths that shroud diversity and inclusion

Four stubborn myths have clouded some of the discussion of diversity and inclusion in accounting, Rich Caturano said in a speech to the AICPA governing Council.

October 20, 2015

Stop putting out fires, at least for an hour

Futurist and business adviser Daniel Burrus worries that unrelenting busyness is squeezing out much-needed time for examining trends and opportunities.

October 19, 2015

Remote working: Is it right for your firm?

This article highlights a few reasons you might want to implement remote teams in your firm and challenges you may face if you decide to do so.

October 5, 2015

United we thrive, divided we fail

If you want your firm to thrive well into the future, make enhancing overall partner unity your No. 1 priority in the coming year.

October 1, 2015

Hiring at public accounting firms hits all-time high

Hiring and enrollment in accounting programs are at all-time highs. Master’s degrees are taking off, too, and firms are getting creative in their pursuit of in-demand talent.

October 1, 2015

Crowdfunding brings new opportunities for CPAs

The explosive growth of crowdfunding will allow CPAs to bring more value to businesses by auditing or reviewing their financials, advising them on taxes and best practices, and helping them minimize risk.

October 1, 2015