Firm & Practice Management

Growing or Phasing Out Your Small Firm
 

Growing or Phasing Out Your Small Firm

Posted: November 20, 2018
Many small-firm owners — both sole practitioners and partners — start to become concerned about organizing their practices for a sale as they get closer to retirement age. Here are three clear alternatives for small-firm owners approaching retirement.

Identifying Staff to Fill the Partner Pipeline
 

Identifying Staff to Fill the Partner Pipeline

Posted: October 30, 2018
When identifying staff to fill the partner pipeline, first take a good look in the mirror at your existing partner line. Then inventory their skills to identify strengths and gaps. Then acknowledge the future. Here's how.


Managing Your Career at Every Level — Executive Excellence
 

Managing Your Career at Every Level — Executive Excellence

Posted: September 14, 2018
Executives, typically partners in CPA firms or members of the C-suite in corpora­tions, are constantly thinking about the company’s next move or new clients. But too often succession planning and being a coach to staff falls on deaf ears.

Benefits of Younger Staff Shadowing Seasoned Staff
 

Benefits of Younger Staff Shadowing Seasoned Staff

Posted: July 19, 2018
The shortage of qualified staff and challeng­es of retaining, developing and mentoring staff continue to be top issues at account­ing firms. To attract and retain professional employees, firms must create internal pro­grams focused on mentorship and coaching to enhance the employee experience.

Ethics for CPA Firm Mergers and Acquisitions
 

Ethics for CPA Firm Mergers and Acquisitions

Posted: July 16, 2018
The purchase or sale of a CPA firm brings into focus a whole new set of ethical considerations for buyers and sellers, as they need to take great care to protect clients' best interests. Obtaining clients’ permission for transfer of files is a key responsibility.