Put yourself on the outside of your firm for a minute. If you had audit and tax work to be done, would you select your firm to do it? How would you go about making the decision to engage? What would be your criteria for making the decision? We tend to spend much of our… Read More
In my career, I have been lucky enough to have heard many extraordinary key note speakers. They’ve ranged from comedians to musicians. From Into Thin Air’s Jon Krakauer to Catch Me If You Can’s Frank Abignale. Although most speakers are very different in their delivery, often there is one common theme – In order to… 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
The last time I posted about Fantasy Football, I mentioned the skill of John Rozek, an accountant from Chicago, who became “The World Champion of Fantasy Sports” winning $2 million in prize money back in 2010. John was also inducted in to the Toyota Hall of Fame and coined “The Fantasy Football Guru”. Once again, … Read More
What technology and tools do you use in your Practice? The response to this question is likely the same across most firms: Practice management software Tax software Audit software Excel and other Office Tools What these and the many other tools CPAs use in their Practice have in common is they focus primarily on specific… Read More
Workflow is key to for a successful Business Process Management solution. Workflow helps us streamline our business processes – audit, tax, engagement letter, client acceptance, etc. – by automating the routing and approval of documents. It works great if all the steps are sequential and relationships are 1:1. However, if the 1:1 relationship is broken… Read More
CPAs know that generating engagement letter content and tracking approval can become complicated and that complications don’t arise in a predictable way. The complications of engagement letters can come at any time, in any job, but they often arise in places you’d least expect them to. For example, in straightforward engagements with long-term clients—the kind… Read More
More and more accountants are saying that there is no longer a “Busy Season”. Instead there is always work to do, however there are specific deadlines throughout the year that create peaks. April 15th is definitely a top contender on the list of important dates. Equally as important is October 15th. Once October 15th comes… Read More
You’re staring at an inbox full of emails, a calendar full of appointments and you see that daunting blinking red light on your phone. Your heart starts racing and you quickly wish you were in your backyard enjoying a nice summer evening BBQ. However, it’s 10am on a weekday, your kids are back at school… Read More
