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Attrition is costing your firm much more than you realize and is easy to rationalize as a cost of doing business. To compound it, most professional service firms spend very little to mitigate attrition and improve loyalty. Below are some principles that will help improve your firm profitability. One of the best books on loyalty […]
The Wall Street Blockchain Alliance, a nonprofit trade association that promotes blockchain adoption across global markets, has formed the Enterprise Solutions Working Group to accelerate blockchain-related policy development and issues around implementing blockchain at the enterprise level. The EWG joins other such bodies created by the WSBA, including the Accounting, Cryptoassets, Legal, and Product Technology […]
There isn’t a firm in existence that doesn’t depend on constant growth to be successful and to generate enough profit to pay its staff and partners well. Yet so many firms accept the old bell-shaped curve argument that they are winning if just 20 percent of their partners are good at generating business. Imagine if […]
The National Association of State Boards of Accountancy has recognized three CPAs for their leadership and efforts in pushing the accounting profession forward. Recipients were honored at NASBA’s 11th Annual Meeting, held in Scottsdale, Ariz., last month. Recipients and their awards include: Gaylen Hansen of Denver, Colo., received the William H. Van Rensselaer Public Service […]
If you’re like many CPAs, you don’t use words like “maybe,” “probably,” “perhaps” or “possibly” — at least in the workplace. Those are messy words that leave too much room for ambiguity and uncertainty. Unfortunately, that messy pool of ambiguity is where the world is headed and your clients expect you to help them wade […]
The National Association of States Boards of Accountancy, Nashville, announced members of its board of directors for 2018-19: Janice Gray, managing member of Gray, Blodgett and Company in Norman, Oklahoma, to chair (pictured); Laurie Tish, national practice leader for government services at Moss Adams, Seattle, to vice chair; Jack Anderson Bonner, member of the Tennessee […]
The Internal Revenue Service said Wednesday that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 won’t have to worry about the time limits in the Tax Cuts and Jobs Act. Under a new proposal, wealthy taxpayers won’t be negatively affected after 2025, when the exclusion […]
The Intuit ProConnect Group has updated ProSeries and Lacerte for tax year 2018. In a year fraught with tax law changes, updates for ease and efficiency will be welcome by tax professionals. According to Intuit, the changes are focused on efficiency, productivity and performance. Both ProSeries and Lacerte will be up-to-date with IRS-approved tax reform […]
The “Five Lands” model describes a metaphorical journey that all accounting firm leaders and partners should go through to upskill themselves and cultivate the skills of tomorrow. This model is based on cutting-edge theories on the plasticity of the brain, the future of business and leadership in the era of complexity. It is also based […]
PBMares LLP, a Top 100 Firm based in Newport News, Virginia, has expanded in the Capital Region by merging in Santos Postal Company in Rockville, Maryland. Santos Postal has been ranked as a Best Accounting Firm to Work For by Accounting Today for the past seven years. The firm was founded in 1971 and provides […]
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