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Client attrition is one of the biggest threats to the success of an accounting firm merger or sale. Buyers and sellers both have pivotal parts to play if they want to maximize the benefits and minimize the risks of the transition process.
As Baby Boomer partners reach retirement age, they are having difficulty delegating work to staff members and developing leaders to replace them.
Technology, specialization, succession issues and other factors are combining to change the marketplace for CPA firms.
Here are some reasons diversity and inclusion make good business sense for CPA firms.
This article examines the most common internal obstacles that firms face when acquiring other CPA firms and offers possible solutions.
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.
The column explores five top strategies to help you better manage your firm’s capacity issues.
If you want your firm to thrive well into the future, make enhancing overall partner unity your No. 1 priority in the coming year.
The AICPA Private Companies Practice Section team shares best practices on preparing for busy season.
Specializing and focusing on a narrow range of services can help CPAs and audit firms reduce training costs and risks.
Looking to buy or sell a practice? Either way, a number of obstacles need to be cleared before you get the deal done.
In the sports world, it is pretty easy to determine whether you are in or out of bounds. It’s not so simple in the accounting world.
An accounting firm experiment hypothesizes that “there will be multiple successful business models for accounting firms of the future.” Explore the experiment’s results and different visions for public accounting’s future—and examples of that future already becoming reality.
Many CPA firms post sparingly and need better training and policies around social media, a new survey shows.
U.S. public accounting firms must tackle five challenges in their succession planning to fill the gaps left by Baby Boomer partners who have begun to retire, according to results from a Global Accounting Alliance survey.
Many accountants may have opportunities to expand their service offerings to small business clients by providing financial planning and forecasting, according to a new survey. Just one in three accountants offers financial planning or forecast services as part of clients’ business planning process, according to a survey of 150 accountants
High-functioning firms have leadership teams that assess situations, develop strategies, and make and execute decisions with relative ease, speed, and success. Others, however, function with a drag that pulls against their momentum, causing the business of leading, managing, and executing to take longer and produce less-than-stellar results. High-functioning firms seem
Brazil, which hosts the World Cup in men’s soccer this summer and the Olympic Games in 2016, remains a top destination for foreign direct investments despite slowed economic growth. Businesses that expand into Brazil quickly learn the Latin American country has many faces.
Leaders can foster success and overcome resistance with a well-thought-out strategy for implementing any transition and for communicating their plans.
Accountants excel at analyzing numbers and developing strategies based off them. The way University of North Carolina at Chapel Hill professor James Johnson, Ph.D., sees it, the numbers describing the demographics of the United States leave accountants little choice today but to embrace diversity and new business practices. Johnson spoke
FEATURE
Maximizing the higher education tax creditsA counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.
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Solving the lease accounting challengeThe challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.