CPA firm practice management news and resources

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January 4, 2016

Retiring the billable hour as a measure of performance

Measuring employee performance based on the number of charge hours worked is a practice that can create multiple problems for firms.

January 1, 2016

Q&A: How to present your prices to customers

Talking about price with clients isn’t as simple as saying, “That’ll be $19.99, please.” Here are the best practices to employ when using value pricing.

January 1, 2016

Brand-building tips for small firms and sole practitioners

Whether it’s something quirky, such as flying to work, or more mainstream, such as serving a specialized market, creating a brand can help you grow a business and stand out in a crowded market.

January 1, 2016

The early CPA gets the return (done on time)

Take steps to lighten the stress of busy season and reduce the risk of professional liability claims.

December 8, 2015

CPA firms place new services atop innovation priority list

CPA firms believe the development of new client services should be their top innovation priority over the next 12 to 18 months, according to a new survey.

December 7, 2015

Manager Survival Series: The chronically late or absent employee

This article offers tips on to how to handle the chronically late or absent professional employee in the typical workplace.

December 7, 2015

Heading off into the sunset? Avoid these 5 retirement pitfalls

This column outlines five important retirement mistakes for CPAs to avoid.

December 1, 2015

Starting a women’s initiative

Follow these tips to make your firm’s initiative focused and successful.

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

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.