At this year’s Rainmaker Companies SuperConference in Indianapolis, I had the privilege of leading the Friday morning Fun Run. At 6:30 on a warm, but thankfully overcast morning, 5 of us set off on a new course. Unfamiliar with the terrain and the pace of the group, I quickly assessed everyone’s comfort level, activated my… Read More
What will a good CIO do for your Practice? Top 100 CPA firms already know the answer because this role has likely been defined and locked in place for many years. Small and mid-sized CPA firms are now asking this question. Why? They are merging and often doubling in size; the technology environment is complex… Read More
These were actual responses given to questions on the MBA exam: Q: How are auditors engaged? A: The man buys the lady a ring and asks her to marry him. Sometimes he has to get her father’s permission first. Q: What is an engagement letter? A: When you propose by mail, but my father is… Read More
You can’t attend a technology or financial conference without hearing the term Blockchain. While some are starting to pick up on how and where this technology fits in, many of us are still struggling. To make things a bit simpler for those of us that are still trying to really understand what the big deal… Read More
In any given year there are several opportunities to attend accounting conferences. Is it necessary or even possible to attend all? Absolutely not. However, if you want to stay current, it would behoove you to choose a few that line-up with your firm’s vision and attend. Many use the excuse “I’m taking away from my… Read More
“At some point being cautious means you are falling behind.” It is well established that CPA firms are typically not at the leading edge of any technology shifts. We write it off to being prudent or methodical, but the fact remains that on the technology adoption curve, most CPAs fall in the category of late… Read More
While all accounting firms continually look to grow their business, the infrastructure to support this growth is usually one-step behind. Below are six tell tale signs that your firm has outgrown its accounting software… 1. You have too many workarounds. If you are setting up new workarounds whenever you have a new business demand, or… Read More
At the end of every tax season, most firms usually ask the following questions: What went well this season? What would you like to improve prior to next tax season? Did our technology help or hinder your performance this tax season? When one firm that I work closely with surveyed their employees, one answer stood… Read More
Congratulations on making it through another Tax Season! As you take the next few days to slowly unwind from the stress of the busy season, below are some quotes that may provide some much needed comic relief: “The politicians say “we” can’t afford a tax cut. Maybe we can’t afford the politicians.” – Steve Forbes… Read More
A friend of mine, who also happens to be the Managing Partner of a very successful mid-town CPA firm often says “It is a well known fact that it is difficult to get anything past an accountant.” Less than two weeks ago, Scott Foster, accountant turned NHL secret weapon, proved that to be true both… Read More
