Archive for the ‘AAA’ Category

Tuesday, November 6th, 2018

Firm Administrators – Make Sure to Participate

CPAFMA Logo for Web

 

I hope you will take a few minutes to participate in the CPA Firm Management Association Annual Salary Survey. Click the link below.

Annual Salary Survey
It’s time for the CPAFMA’s 2018 Salary Survey data collection. While technology allows us to enhance the survey and receive more data, we have opted to maintain the survey’s reputation of being efficient, accurate and providing the most vital information to our member firms.
As always, confidentiality is our priority.By clicking the button below, you will enter the on-line survey which will take no more than 7 minutes to complete, including the time it has taken to read this email. We are encouraging ALL members to respond by the deadline of November 19, 2018. The more participants, the more valuable the results. Note that the information is collected and compiled by a third party as confidentiality is imperative.

The results will be summarized and shared with members the second week of December 2018.
      SURVEY
  • Positivity, confidence, and persistence are key in life, so never give up on yourself.
  • Khalid

Wednesday, October 24th, 2018

Within Driving Distance of Indianapolis? – Join me!

“Develop a passion for learning. If you do, you will never cease to grow” – Anthony J. D’Angelo

I know many of you are not within driving distance – but I also know that Indiana has many great CPA firms and the Indiana Chapter of CPAFMA has a great membership.

So, mark your calendar for Friday, November 16th. I will be speaking at the Indiana Chapter meeting. It is a morning presentation so you can have all afternoon to drive back home (or to the office).

My topic is “Surviving Change in the CPA Profession.” It is an exciting time to be a CPA or working in a CPA firm, but how is your firm preparing future? It is not a time for a “wait and see” attitude.

Follow this link to download a document that gives you all the information about the meeting and how to register.

The very first CPAFMA I ever attended over 30 years ago was in Indianapolis. The Indiana Chapter is near and dear to me.

  • Education is what remains after one has forgotten what one has learned in school.
  • Albert Einstein

Friday, March 24th, 2017

CPAFMA – The CPA Firm Management Association

I hope you are a member of CPAFMA. I also hope you have the opportunity to attend chapter meetings that happen around the country.

Here is where you can find a chapter near you.

I recently attended the Ohio Chapter of CPAFMA, hosted by the Ohio Society. To help you understand the value, I am listing the topics that were discussed in the after-lunch roundtable discussion. In the morning we had an amazing update about employment law, always an important topic for firm administrators, COOs, and HR Directors.

  • Practice Management Software
  • CCH Engagement vs. Thomson EngagementCS
  • Employee recognition
  • Fun things during tax season
  • Banking verifications (confirmations)
  • Competition
  • Thomson UltraTax (problems and issues)
  • Partner retirement
  • MP Transition
  • Helping partners find their seat on the bus
  • Employee time off during busy season.

If you need some answers and some quality advice from others facing the same issues – join CPAFMA.

  • It is literally true that you can succeed best and quickest by helping others to succeed.
  • Napolean Hill

Friday, February 17th, 2017

CPA Firm Management Association – A Great Resource

“There is a fundamental distinction between strategy and operational effectiveness.” – Michael Porter

Do you have a firm administrator? Do you wish you had a firm administrator?

If you do have one, be sure they are a member of the CPA Firm Management Association (CPAFMA). If you don’t have one, join the Association to learn more about how you can find one and how you could be saving your accountants a significant amount of time by having someone else take care of firm operations.

Today, I will be attending the Ohio CPAFMA Chapter meeting to learn a lot about what’s new in employment law, something all of you should be learning. Be sure to follow my tweets today.

There are many chapters around the country. If you are a managing partner or if you are responsible for any part of firm operations (what goes on behind the scenes), join CPAFMA and attend chapter meetings.

  • The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.
  • Michaelangelo

Saturday, September 3rd, 2016

Lighten-Up, It’s The Weekend – Is that you?

I finally updated my Is That You With Rita? Flickr page.

I had several new ones to add for 2016. I hope you can find yourself among these fun pictures. There are 227 photos dating back about 10 years.

I love this quote by Hubert Humphrey, it fits me perfectly:

“The greatest gift of life is friendship, and I have received it.”

Here is a special one:

Anita Goetz, Colleen Endres, Virginia Lowery, Bill Leach, Nancy Kriner, Diana Sarkine, is that you with Rita?

Anita Goetz, Colleen Endres, Virginia Lowery, Bill Leach, Nancy Kriner, Diana Sarkine, is that you with Rita?

  • A real friend is one who walks in when the rest of the world walks out.
  • Walter Winchell

Thursday, September 1st, 2016

Firm Administrators…. Keep Your Momentum Going

I had the pleasure of meeting so many talented firm administrators, human resource professionals, and partners when I spoke at the June CPAFMA National Practice Management Conference in Baltimore.

What I most enjoy about these gatherings of “professionals managing accounting firms,” is the positive comments I hear about what the attendees would like to achieve when they return to their own CPA firm. I always advise not to try to accomplish too much right away.  Just select one or two ideas and get busy implementing. Inside most firms, I find that if people try to implement several ideas, few if any of those worthwhile ideas actually get accomplished.

Here’s a great message from Jim Fahey, Past-Chair of CPAFMA about keeping the momentum going after you have returned to your office.

  • Do you want to know who you are? Don't ask. Act! Action will delineate and define you.
  • Thomas Jefferson

Thursday, July 14th, 2016

Perseverance

“If you want to change people’s minds, you need more than evidence. You need persistence.” – Seth Godin

Slide60Recently, when I spoke to the 200+ people at this year’s CPAFMA National Practice Management Conference in Baltimore, I stressed to the firm management leaders that PERSEVERANCE pays off when tackling CHANGE in accounting firms. Yes, PERSEVERANCE and PERSISTENCE are the weapons of change.

Change does not come easy for traditional, conservative, risk-adverse CPAs.

That’s why I wanted to share a blog post from Seth Godin. I periodically share a complete post by Godin and I thought the following one SPOKE to those fighting the War For Change inside accounting firms.

The Flip Is Elusive by Seth Godin

For a generation after people realized that smoking would kill them, many smart, informed people still smoked. Then, many of them stopped.

After discovering that an expensive luxury good is made out of the same materials as a cheaper alternative, many people stick with the expensive one. And then they gradually stop going out of their way to pay more.

After a technology breakthrough makes it clear that a new approach is faster, cheaper and more reliable, many people stick with the old way. Until they don’t.

And inevitably, it doesn’t matter how much people discover about their favorite candidate, they seem impervious to revelations, facts and the opinions of others. For a while, sometimes a very long while. But then, they assert that all along they knew something was amiss and find a new person to align with.

Computers don’t work this way. Cats don’t have a relationship like this with hot stoves. Imaginary logical detectives always get the message the first time.

For the rest of us, though, the flip isn’t something that happens at the first glance or encounter with new evidence.

This doesn’t mean the evidence doesn’t matter.

It means that we’re bad at admitting we were wrong.

Bad at giving up one view of the world to embrace the other.

Mostly, we’re bad at abandoning our peers, our habits and our view of ourselves.

If you want to change people’s minds, you need more than evidence. You need persistence. And empathy. And mostly, you need the resources to keep showing up, peeling off one person after another, surrounding a cultural problem with a cultural solution.

  • If you are going through Hell, keep going.
  • Winston Churchill

Tuesday, July 5th, 2016

Pay Attention To Your Business

So many CPAs say, over and over again, “I am too busy.”

They are too busy with client work and seeking new clients that they ignore their most precious asset, their own business.

Be aware that the talent war is going to get a lot worse.

Make sure you are aware of current trends and issues in the accounting profession.

Be adaptive.

Do research.

And, remember that the firms that “get it” will succeed and firms that hold on to the old ways will lag behind.

(These thoughts were inspired by Tom Hood‘s comments at the CPAFMA National Practice Conference.)

  • Don't follow trends, start trends.
  • Frank Capra

Monday, July 4th, 2016

Lighten-Up, It’s The Long 4th Of July Weekend – Is That You With Rita?

I have been busy at conferences in June and I want to share some of my pictures. I will add them to my “Is that you with Rita” Flickr page but I don’t have them there yet. I made some composites to share. Maybe you will see yourself. The people I meet and have met over these many years are my greatest treasure.

IMG_7522 IMG_7523 IMG_7524

  • Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
  • Ronald Reagan

Friday, July 1st, 2016

Sam Allred…. Class Act

IMG_7518Yesterday, CPAFMA (formerly AAA) wrapped up it’s 33rd  National Practice Management Conference in Baltimore. It was my 30th consecutive conference.

In all those years, I have never been disappointed in the content and educational atmosphere of this annual event. It is absolutely the best conference focused exclusively on CPA firm practice (and self-improvement). I only wish more managing partners would attend. It was such an honor this year to be one of the featured keynote presenters – thank-you CPAFMA!

The concluding keynote session this year featured Sam Allred of the Upstream Academy. If you are involved in CPA firm management you already know Sam. He began by jokingly noting that an attendee said she was “staying until the bitter end” so she could hear Sam. To me, even jokingly, Sam was not the bitter end – he was “save the best for last.”

CPAFMA asked him to focus his comments on this: If I could start from scratch to create the perfect firm, what would it look like?

Can we create a firm…….

Where there are minimal politics

That has a very low turnover

That has a very high morale and high productivity

That has strong organic growth but nobody feels pressured to sell anything

That has no artificial harmony

Where everyone is encouraged (and even expected) to speak their mind

Where all the partners are admired and respected

Where partners believe it is a privilege (not a right) to be part of the ownership group

Where everyone is helped to play to their strengths

Where there’s no parity (everyone is allowed to progress as fast and and far as they are able)

Where every discussion and decision is made with the firm’s best interest in mind

Sam elaborated on all of theses with wonderful insights and advice. I will feature more about all of this in future blogs.

For today, read this list of highlights a couple of times and give them some thought as you enjoy the long week-end.

IMG_7127I also had the wonderful opportunity to catch-up with Georgia Cummings of Upstream and to meet Sam’s handsome son, Jason.

Above, Sam Allred, is that you with Rita? And….. Georgia Cummings and Jason Allred, is that you with Rita?

 

  • You want to create a firm where your people think Monday is their favorite day of the week.
  • Sam Allred