Practice growth & client service

TOPICS / FIRM PRACTICE MANAGEMENT

October 1, 2024

10 tips to help avoid wire fraud scams

CPA firms can protect themselves from falling victim to a wire fraud scheme by taking these actions before, during, and after payment processing.

June 17, 2024

Private equity has big plans for small firms

Investment groups are showing record interest in the field of public accounting, leading many in the profession to look at their options while also looking inward at their business model.

April 1, 2024

Help reduce risk with formal client onboarding

Systematically onboarding clients can help lower professional liability risk by minimizing misunderstandings, miscommunications, and misrepresentations.

March 1, 2024

Diversification or dabbling? You make the call

Undertaking a new service or providing service to a client in an industry with which the CPA is unfamiliar, referred to as “dabbling,” can elevate the risk of errors and professional liability claims. Learn why.

February 1, 2024

Preparing clients for lifestyle changes in retirement

Retirement planning isn’t just about the money. CPA financial planners can help clients prepare in nonfinancial ways as well.

December 1, 2023

Tips for building a firm to the right size for you

Lessons learned from a practice seeking to grow better but not always bigger.

November 1, 2023

How mental shortcuts expose you to wire fraud risk

Despite warnings and trainings, wire fraud claims continue to increase in frequency and severity. Here are some tips to help short-circuit your natural responses to this threat.

October 24, 2023

Business model transformation: ‘Single best decision I’ve made’

A small-firm owner explains how the decision to cull her client base and change her billing structure netted positive outcomes on a level she couldn’t imagine.

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 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 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.

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.

February 9, 2023

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.

February 1, 2023

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.

January 26, 2023

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.

December 7, 2022

CAS practices report growth, optimism for the future

Client advisory services (CAS) practices reported a median growth rate of 16% over the previous year and projected 15% growth in the current year, according to a survey conducted by CPA.com and AICPA & CIMA.

December 1, 2022