In this issue's commentary, Bill Reeb covers moving from the success to continuation mode of operation. From governance and owners' equity interests to determining how ownership should be allocated and leadership assessments, this article provides candid commentary on how CPA firms should cross the chasm between the last two modes of operation.
Despite gloomy news reports on the economic crisis, there are ways to make your CPA firm stronger and more responsive to the market's rapid changes. In this article, The Institute of Management and Administration provides practical steps on how firms can efficiently adjust to the realities of the current marketplace. Check out the publication's favorite ways to use year-end time to prepare for belt-tightening or whatever else may be ahead for your firm.
Read the article
Take advantage of the high traffic in your office during busy season and conduct in-person client satisfaction surveys. Surveys give your firm another chance to promote the firm brand, keep client data current, get input to improve your business practices, generate new opportunities for the firm, help shape your service and product initiative mix, and much more. In this article, ConvergenceCoaching makes the case for surveying clients and breaks down the different types of surveys.
Think a small firm or sole practitioner doesn't need to know about International Financial Reporting Standards (IFRS)? This article might make you think again. Learn more about IFRS, including a possible proposed timeline, why it's advantageous to understand international standards, how to talk to your clients about their international business ventures, and why even CPAs in smaller firms need to pay attention to the convergence.
Experts say with the economy in recession, now's not the time to abandon your firm's succession plan. In fact, it's the time to pull one together. This article provides succession planning information in light of current economic conditions, including five key things to keep in mind if your business has to lay off employees.