Archive for the ‘News’ Category
Monday, April 20th, 2015
Here are a few headlines from Vault’s press release:
- For the third straight year PwC ranks No. 1 in the Accounting 50—a ranking of the firms deemed “best to work for.” PwC also ranks No. 1 in Prestige for the seventh straight year.
- Quality of life for accountants is getting better. At the Big 4 and across the industry, ratings in workplace categories such as hours, work/life balance, compensation, and overall satisfaction are rising. This underscores recent moves by the Big 4—PwC, EY, Deloitte, and KPMG—to create more congenial work environments for their employees.
- Armanino and Plante Moran are the big winners in our Quality of Life categories, earning six No. 1 rankings each. California-based Armanino takes the top spot in Compensation, Hours, and Overall Satisfaction, among other categories. Michigan-based Plante Moran’s No. 1 rankings come in Work/Life Balance and Firm Culture, among others.
The Top 10 firms in the Vault Accounting 50 based on Vault’s annual Accounting Survey are:
- Grant Thornton
- BDO USA
- Plante Moran
- Moss Adams
- Crowe Horwath
Click here to see the entire list.
Winning is not everything, but the effort to win is.
Friday, April 17th, 2015
Most of your firm’s clients probably fall into the category of “small business.” As you well know, these companies need lots of on-going support and guidance from their CPA.
The AICPA has launched a microsite: www.cpapowered.org to help these millions of small businesses around the country. The new site is FULL of valuable videos and resource guides beneficial to both new and experienced small business owners.
Be sure to check out the informational videos page. I especially like – Why a CPA! page.
Share this resource with your entire team and have them spread the word to your valuable clients.
If you want to lift yourself up, lift up someone else.
Booker T. Washington
Wednesday, March 18th, 2015
I 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: firstname.lastname@example.org
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.
Wednesday, February 18th, 2015
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.
Tuesday, February 17th, 2015
Have 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
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
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.
Tuesday, November 25th, 2014
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
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, 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.
Bonnie 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.
Friday, November 14th, 2014
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.