Archive for the ‘News’ Category

Wednesday, March 18th, 2015

CPA Consultants’ Alliance – New Leaders and Top Issues

cropped-cropped-cpac-headerI am so proud to be a member of the CPA Consultants’ Alliance. It is such an honor to be among so many knowledgeable people focused on helping CPA firms become even more successful.

Once a year we have an in-person meeting to connect, share and improve our consulting skills. In February, we met in Tampa and elected the new Board for 2015.

Here’s the press release where you can access our perspectives on the most pressing issues for 2015:

The CPA Consultants’ Alliance (CPACA), a working group of thought leaders united in their efforts to further leadership within the CPA profession, recently held its annual meeting in Tampa, FL.

During the meeting, members approved the following slate of new officers:

  • Terry Putney, CPA, CEO of Transition Advisors, LLC– President
  • Tamera Loerzel, Partner in ConvergenceCoaching, LLC– Immediate Past-President
  • Sarah Johnson Dobek,Founder and President of Inovautus Consulting – Vice President
  • Dustin Hostetler, Shareholder, Boomer Consulting– Secretary/Treasurer
  • Rita Keller, President and Founder of Keller Advisors, LLC – Membership Chair
  • Rick Solomon, CPA, CGMA, CEO of Thriving Firm – Deliverables Chair
  • Carrie Steffen, President and Co-Founder, The Whetstone Group –Marketing Chair

In addition, members shared experiences and insights into issues of the CPA profession. Their perspectives on the most pressing issues for 2015 can be found on the website in a new report entitled: People at the Center of CPA Firm 2015 Top Issues

About The CPA Consultants’ Alliance

The CPACA was formed in 2012 with the purpose of exploring leadership issues facing the public accounting profession and developing and sharing solutions that benefit practitioners. Other insights from the group include the article What Drives Happiness at CPA Firms and the whitepaper CPA Firm Leadership: Communication Drives New Possibilities. The group’s vision is to inspire positive change in the CPA profession by collaboratively establishing tools and content that will educate, motivate and increase the wisdom of current and future leaders. Watch for the CPACA’s next report on CPA firm succession coming later in 2015.

The CPACA’s members are successful consultants within the CPA profession. Members’ expertise includes CPA firm strategic and succession planning, leadership and management, growth, sales and marketing, information technology, human resources, coaching, mergers and acquisitions, diversity, leadership development and more.

For more information about The CPACA, its members and to stay connected, please:

Email at: info@cpaconsultantsalliance.com
Visit our Website
Follow us on LinkedIn
Follow us on Twitter

  • A dream you dream alone is only a dream. A dream you dream together is reality.
  • John Lennon

Wednesday, February 18th, 2015

A Change In Overtime & The Average Work Week

How and when a CPA firm pays overtime is something that has been discussed and argued for years. It is not always easy deciding who is “exempt” and who is “non-exempt”.

I have found that most firms are very careful about these rules. I just wanted to give you a heads-up about some new overtime pay protections for low-salaried managers that are in the works.

Here’s the article on CNN Money – be sure you are in the know for your firm and for your clients.

Here’s another interesting fact. According to a Gallup poll from last fall. The average U.S. employee works 46.7 hours per week. So, don’t think it is just the accounting profession that has extended hours.

The best thing about public accounting hours is that, for many accountants, the extra hours occur in winter and when summer arrives it’s a 40-hour work week.

  • Hard work beats talent when talent doesn't work hard.
  • Tim Notke

Tuesday, February 17th, 2015

CPA Practice Advisor – Gail Perry

gail2Have you read Gail’s editorial column in the February issue of CPA Practice Advisor?

It is titled: The 30,000 Foot View of the Accounting Profession – It’s Time For A Landing.

She provides a list of challenges facing the CPA profession from a group of accountants. Here’s a few examples of the challenges:

  • Technology is replacing or changing the role of entry-level people.
  • Attracting talented graduates
  • Adding advisory services
  • Many client and staff relationships are virtual
  • And, several more

The irony is that this entire list was compiled in the year 2000! Read her column. Do you see a major problem here?

The scary thing for me is the fact that I have been working with CPAs for over 30 years. I am still called upon to assist with some of the same issues I experienced that long ago.

  • All life is an experiment. The more experiments you make, the better.
  • Ralph Waldo Emerson

Monday, February 9th, 2015

Be More Aware Of Your Health & The Health Of Your Team

I really enjoyed hearing about wellness programs inside CPA firms. It was all the rage a few years back. As with many programs inside accounting firms, I wonder if they are all thriving.

I have blogged about the topic of how important standing up is to the health of someone, like you, who sits in front of a computer most of the day. Here’s a couple of my posts on the topic:

Stand Up and Be Counted - June 20, 2014

Less Sit Down Time – More Stand Up Time - July 10, 2013 (with pictures)

Here’s more info and ideas about the benefits of standing:

  • Five or more hours of sedentary sitting is the health equivalent of smoking a pack and a quarter of cigarettes.
  • Studies have shown that our bodies can benefit from simply standing up, contracting muscles and moving. Stand up every 20 minutes (set the timer on your phone).
  • New science shows very persuasively that standing up about every 20 minutes, even for only a minute or two, reduces your risks of developing diabetes and heart disease.

Read more about it here…..

  • If you stand up and be counted, from time to time you may get yourself knocked down. But remember this: A man flattened by an opponent can get up again. A man flattened by conformity stays down for good.
  • Thomas J. Watson, founder of IBM

Thursday, January 15th, 2015

Nominations Are Open For 2015 Top 10 Public Accounting Professionals

I was not aware of this award, however, when I received the press release, it got my attention. I recognized several of my clients on the 2014 listing!

The National Academy of Public Accounting Professionals (NAPAP) is now accepting nominations for the 2015 “Top 10 Public Accounting Professionals” awards in each state. In addition, NAPAP is also accepting nominations for the newly established “Top 10 Public Accounting Professional Rising Stars” awards, which will recognize outstanding accountants with less than 15 years of experience.

Here’s a link to their website. You can see the 2014 award winners for your state on the site and also nominate someone for 2015.  There is also a link to their selection criteria.

I love to see CPAs get recognition!

  • An ounce of practice is worth more than tons of preaching.
  • Gandhi

Tuesday, November 25th, 2014

I Don’t Remember This Happening Before

Pope_Francis_Korea_Haemi_Castle_19_(cropped)Perhaps it has happened, but I don’t remember a sitting Pope commenting, in a very public manner, about the important role of accountants in society.

I urge you – CPAs in the corporate arena and CPAs in public practice – to always keep in mind the important role you truly DO play. Here’s a tidbit about what the Pope said in an address in Rome to participants of the World Congress of Accountants.

“So everyone—but especially those in a profession that deals with the proper functioning of the economic life of a country—is required to play a positive, constructive role in the course of their daily work, bearing in mind that behind every document, there is a story, there are faces.

“Those who work in various positions in the economy and finance are called on to make choices in favor of the social and economic wellness of humanity as a whole, giving everybody the opportunity to realize their own development.”

Young CPAs just getting a good start in your career – you should be very proud of the profession you have chosen. Please have the determination and pride to stay in the public accounting arena. You will be able to touch so many lives. I hope you always remember that while the hours are sometimes long and the continual learning is challenging, the rewards are great – both monetary and personal satisfaction and pride.

Experienced CPAs, not only should you keep doing what you are doing, you should also keep in mind how many lives – your clients and your employees – you are responsible for. I believe that you have survived in public accounting because you do strongly feel the commitment to helping people.  Business people and individuals NEED your expertise.

Read about the Pope’s comments on the Journal of Accountancy site.

(photo via Wikipedia)

  • The future starts today, not tomorrow.
  • Pope John Paul II

Wednesday, November 19th, 2014

CPA Consultants’ Alliance Welcomes Two New Members

As you probably know, I am a founding member of The CPA Consultants’ Alliance (CPACA), a working group of thought leaders united in their efforts to further leadership within the CPA profession.

This fall we welcomed two additional members. They are experienced and well-known advisors to the CPA profession and we are thrilled to have them join us.

gary-adamson-598x747

Gary Adamson, CPA, is CEO of Adamson Advisory, a CPA practice management consulting firm specializing in succession strategies, practice growth, practice structure and management of cohesive partner teams. He is an experienced retreat and strategic planning facilitator, merger and acquisition negotiator and partner performance coach. Gary also brings more than 20 years of experience as a managing partner of a top 200 accounting firm.

 

 

bio-bonnie-200x198Bonnie Buol Ruszczyk is president of bbr marketing. She has been a member of the creative and marketing services community for more than 20 years. Her firm provides marketing and strategy services for professional service firms – helping them reach their audiences and grow their firms. Bonnie offers a unique perspective to the CPACA based on a diverse background of having worked for a health and fitness startup, Turner Broadcasting and various software and financial services firms.

 

  • By building relations we create a source of love and personal pride and belonging that makes living in a chaotic world easier.
  • Susan Lieberman

Friday, November 14th, 2014

Get Comfortable Being Uncomfortable

Angie Grissom

My friend, Angie Grissom, President of The Rainmaker Companies, stressed some important insights in their recent newsletter.

Albert Einstein once said,To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks real advance in science.”

The best leaders get comfortable with being uncomfortable. They know that what once worked for their business, may not always continue to work. We will see this when working with firm leaders that are nearing retirement. The way in which your firm grew over the last 30 years is probably not the way it will grow in the next 30 years. We need to have a culture that is open to this reality.

Angie and the team members at Rainmaker have certainly embraced change and creativity during 2014. Read more about about what they have done in here.

  • Anyone who has never made a mistake has never tried anything new.
  • Albert Einstein

Friday, September 26th, 2014

It’s Rosenberg Survey Time!

photoYes, September brings the release of The Rosenberg Survey. It is a National MAP Survey of CPA Firm Statistics.

CPAs love statistics!

When you receive your copy, look on Page 11 for my comments (thanks so much to Mr. Rosenberg for including me!).

My advice, if you are part of the survey….. NEVER settle for average.

Order your survey here.

  • Say you were standing with one foot in the oven and one foot in an ice bucket. According to the percentage people, you should be perfectly comfortable.
  • Bobby Bragan

Thursday, September 18th, 2014

Succession Survey – We Need Your Input!

cropped-cropped-cpac-header

 

 

 

I am a member of the CPA Consultants’ Alliance and our mission is to explore leadership issues facing the profession and develop and share solutions that benefit practitioners.

Along those lines, we are collecting information to determine how partners in firms view their firm’s ability to address the succession of their partners primarily as they approach retirement. Although there have been several surveys recently conducted in the profession about succession issues, we believe this one is unique. Using the data gathered from this survey, members of the CPA Consultants’ Alliance will provide participants and the profession as a whole insights into an issue with which many firms are struggling. Succession of retiring partners is something the vast majority of firms are facing in the next few years and many firms are unsure how they will navigate through this challenge successfully.

We welcome your participation and would appreciate your help in spreading the word about this survey through email and social media. We will provide you with a copy of the results in advance of the public release. To receive this release first, simply email info@cpaconsultantsalliance.com to let us know how you share the survey and we will send you an email with access to our findings.

The survey consists of 15 short, simple statements to which respondents will enter their level of agreement.  The survey should take no more than 10 minutes to complete. The link below opens the survey. Please distribute this link to everyone in your firm, at all levels. The survey ends October 15th. The more data we collect, the more meaningful the results will be.

We will be releasing our findings in the form of an article that will include ideas and practical advice your firm can apply. All survey participants will receive a copy of this article as well as access to interviews we are doing with CPA firm leaders and emerging leaders.

Survey link:   https://www.surveymonkey.com/s/CPACA

Thank you for being part of this survey and for passing it along to others in public accounting.

  • You are only young once, but you can stay immature indefinitely.
  • Ogden Nash