CPA firm practice management news and resources

TOPICS

October 1, 2023

MAP Survey shows firms on upward trajectory

Benchmarking study finds revenue and profit growth, also identifies areas where accounting practices could bolster their appeal for talent.

October 1, 2023

Leveraging advanced tech

Dean Sonderegger, Senior Vice President and General Manager Research & Learning, Wolters Kluwer Tax & Accounting North America, discusses how AI is transforming the accounting profession.

October 1, 2023

The state of DEI: A Q&A with Crystal Cooke

Crystal Cooke, director of Diversity and Inclusion at AICPA & CIMA, assesses the state of DEI initiatives and attitudes in accounting.

September 18, 2023

ESG Symposium synopsis: How to put firms in the driver’s seat

A new California law is the latest “market driver” pushing ESG reporting forward. With regulations rapidly developing on a global scale, the time has arrived for CPA firms to grab the wheel.

September 5, 2023

ESOP exploration: Can the ‘new’ ownership model age well?

As one of the nation’s largest CPA firms announces the formation of an employee stock ownership plan, the managing partner at a midsize firm entering its third decade as an ESOP shares some perspective.

September 1, 2023

Innovation for the modern accounting firm

Cathy Rowe, Vice President and Segment Leader, US Professional Market, Wolters Kluwer Tax & Accounting North America, discusses why innovation is critical to the modern accounting firm’s success.

September 1, 2023

How 3 firms tackle the audit talent crunch

Nontraditional career paths, international expansions, and automation are among the approaches three firms are using successfully.

August 15, 2023

Large firm shakes up business model with employee stock ownership plan

BDO USA calls the decision, effective Aug. 31, a ‘game-changer’ established in part to improve the firm’s ability to retain and attract talent.

August 10, 2023

‘All in this together’: Addressing the CPA pipeline issue

The chair of the newly formed National Pipeline Advisory Group shares how a group of stakeholders aims to address the profession’s talent shortage in this podcast episode with transcript.

August 3, 2023

How one small firm drastically cut its busy-season hours

Two CPA firm leaders share both their family journey and their firm’s journey to a streamlined work environment, including advice on how to shed unwanted clients, in this podcast episode with transcript.

August 1, 2023

Succession and practice continuation agreements

Entering into a practice continuation agreement with another CPA can help you plan and prepare for the unimaginable, giving you, your clients, and your next of kin some peace of mind.

July 1, 2023

Mitigating risk of large FBAR and international tax claims

Claims relating to U.S. filing obligations for foreign activity, including the FBAR, are getting increasingly more severe.

June 20, 2023

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.

June 13, 2023

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.

May 10, 2023

Create a magnetic culture at your firm

To ensure a future of abundance, leaders must do better at attracting and nurturing talent.

May 1, 2023

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.

April 26, 2023

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.

April 20, 2023

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.

April 6, 2023

‘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.

March 30, 2023

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.