Housekeeping tips to mitigate data security risk
Protecting your firm from privacy breaches is often a matter of strong internal practices.
Financial and Admin Operations
How to launch a financially successful CPA firm
CPAs discuss creating a budget, projecting cash flow, and reeling in the right clients in a competitive arena.
Effective communication to help avoid litigation
Don’t let a “failure to communicate” escalate into a loss of clients or costly litigation.
Why you can’t wait to prepare for disaster
Jennifer H. Elder, CPA/CFF, CGMA, co-author of the book "Faster Disaster Recovery: The Business Owner’s Guide to Developing a Business Continuity Plan," discusses how to prepare so that an organization’s finances and reputation will be protected if a disaster occurs.
Ways to ward off cyberthieves outside the office
Working outside the office can leave you open to invasions from hackers if your device or the Wi-Fi network you’re on is not secure.
Docket or lose it: Avoiding the risk of missed deadlines
An effective docket system helps reduce the likelihood of a filing error and can make a CPA firm more efficient.
Overcoming obstacles to engagement letter use
Don’t expose your practice to a severe liability claim by relying on one of several fallacious arguments for avoiding the use of engagement letters.
Bank-financing an accounting practice sale
This article explains the what, why, and how for firms that may benefit from using SBA 7(a) loans in CPA firm purchases and sales.
'Address' the risk of being your client’s mailbox
Permitting a client to use a CPA firm’s address exposes the firm to potential problems.
Technology may push firms beyond the billable hour
Switching from hourly billing to value pricing can reward tech-enabled efficiency.
Why CPAs should always prepare engagement letters for clients
Three reasons why client engagement letters are essential, according to Deborah Rood, CPA.
5 professional liability risks to avoid
This article looks at five scenarios that could put CPA firms at risk and ways to mitigate them.
Think twice before suing for unpaid fees
Such actions could prompt a client to file a counterclaim for negligence or a regulatory complaint against the CPA firm.
Which engagement letter reigns supreme?
Here’s why the annual engagement letter is the undisputed champion.
How to prepare for the annual review of your employee retirement plan
Know the areas to scrutinize in an annual employee retirement plan review to reduce the risk of errors, misunderstandings, or breaches of fiduciary duty.
The secrets to opening a new CPA office
Blake Christian, a tax partner with HCVT, drops in to reveal the secrets he’s learned from opening several new offices over the years.
Setting expectations
This infographic shows the benefits of using engagement letters, liability risks of not using them, and sources firms can consult in drafting them.
Avoiding website claims that increase malpractice risk
Website language may compromise the defense of a professional liability claim.
How implementing value pricing can help your staff get more done
Value pricing can help staff get more done because billing by the hour can remove incentives to work efficiently.
What you need to know before you sell your firm
As the founder of brokerage firm Poe Group Advisors, Brannon Poe, CPA, has helped hundreds of CPAs sell their firms. He shares insights he has learned over the course of his career, as well as best practices for selling your firm.
