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I never had legacy staff but did have some legacy clients. This refers to staff and clients that I couldn’t fire or drop. A legacy staff person could be a child, parent, relative, childhood friend or a child of your largest client. A legacy client is a client you cannot drop such as a close […]
I want to scream with joy, I want to cry, I want to just stop feeling. Anyone have a glass of wine? Except these feelings keep coming. I haven’t slept a full night since someone offered to buy my firm. Now, I have been planning to sell “someday” in the future. And I always knew […]
TENNESSEEVicki Cherry (pictured), a tax shareholder and member of Vaden Group, the Nashville-based entertainment and sports business management practice of Elliott Davis, has been named a Top Business Manager for 2018 by Billboard Magazine. Jonathan Frost, managing partner of J.D. Frost Co. PLLC, has been accepted as a member of Real Estate and Construction CPAs, […]
The Massachusetts Society of CPAs, Boston, launched a new accounting-focused college academy at Haverhill High School enabling high school students to earn up to 12 college credits through the University of Massachusetts—Lowell. (Read the full story.) XCM, Quincy, was named one of Boston’s Best and Brightest Companies to Work For by the National Association for […]
Nobody likes to be placed on the defensive, but that’s the position in which CPAs in a malpractice suit find themselves. And it’s worse than most would imagine, according to Bill Thompson, president of CPA Mutual. “Most people don’t realize the time it takes to settle a large suit,” he said. “It typically takes four […]
Most firms and companies are focusing on how they can be more innovative and creative, especially in the areas of automation and value-added process improvement. The story and how you frame the innovation may be more important than the innovation. Remember that most innovation starts as a bad idea, especially to those it is going […]
Amid all the worries about staffing shortages and succession issues; amid the din of doomsayers prophesying disintermediation by blockchain, artificial intelligence or worse; amid the clamor of ever-more demanding staff and clients; amid the tightening competition from within the profession and without; amid the endless pressure to keep up with changes that keep coming faster […]
A client recently shared a story about a magical desert oasis where apricot trees flourished and merchants harvested the abundant, low-hanging fruit weighing down the low tree branches. One day a new merchant appeared. He was an ambitious young man who started climbing the trees, seeking and harvesting the higher apricots. The older merchants mocked […]
BX3, a business advisory firm focusing on the blockchain and cryptocurrency industry, has joined the Accounting Blockchain Coalition, a group dedicated to educating businesses and organizations on accounting matters relevant to digital assets and distributed ledger technology, including blockchain. Issues surrounding cryptocurrency have come to the forefront as more individual and business clients seek help […]
Deluxe Corporation creates e-check app for QBO Deluxe Corp., a check printing company that also provides small-business branding services like website building and logo design, has released a new free app for QuickBooks Online. The app allows users to write e-checks the same way they create paper checks, but online. These e-checks are not the […]
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