Archive for the ‘News’ Category

Thursday, October 29th, 2020

Navigating Your Career & Growing Your Practice Podcast

“If you’re going to have a story, have a big story, or none at all.” –Joseph Campbell

I was delighted recently to connect up with Brad Barbour, Manager, firm Services at AICPA PCPS.

PCPS has been very dear to my heart throughout my years in public accounting. I have met and worked with so many wonderful people at PCPS by speaking at conferences, serving on committees, writing articles, and helping with resources for the PCPS website.

Brad hosts a podcast for PCPS called Small Firm Philosophy and recently interviewed me for one of his podcasts.

I hope you find time to listen to my story and my observations on working in public accounting. Listen to it at one sitting (approx. 30 minutes) or break it up into segments.

I hope some of my comments will be helpful and some will make you smile. Listen to the other podcasts on Small Firm Philosophy, too. Thanks so much, Brad.

  • Storytelling is the most powerful way to put ideas into the world today.
  • Robert McKee

Wednesday, October 14th, 2020

CPAFMA VIRTUAL LEARNING OPPORTUNITY

“The beautiful thing about learning is that nobody can take it away from you.” – B.B. King

A great opportunity to learn what’s happening in the world of CPA firm management!

Understanding the challenges firms have faced in 2020, CPAFMA has designed this virtual opportunity to be affordable and inclusive, providing the opportunity for up to five members of the firm’s leadership group to participate for one low price from the convenience of one’s home or office. The two-day educational exchange has something for everyone involved in accounting firm management. The live online event includes high-level keynote sessions to facilitated discussions customized to provide information that can be implemented immediately.

YOU SHOULD ATTEND IF YOU ARE….

  • Responsible for management of an accounting practice
  • Responsible for the quality and profitability of your firm
  • Supervising and/or training staff in an accounting firm
  • Interested inn developing a team of outstanding professionals
  • Ready to promote your firm in today’s marketplace with expanded services and a desire to strengthen client relationships
  • New to the profession or an experienced firm manager, chief operating officer, human resource director or managing partner
  • Ready to deal with uncertainty with confidence

REGISTER HERE

  • Education is not the filling of a pail, but the lighting of a fire.
  • W. B. Yeats

Tuesday, September 15th, 2020

Your Office Space

“An idea that is not dangerous is unworthy of being called an idea at all.” – Oscar Wilde

I recently read where Sikich is planning to permanently shift its workspace model to one centered on remote work.

If you don’t know them, Sikich LLP, is a leading professional services firm specializing in accounting, advisory, technology and managed services. Founded in 1982, Sikich now ranks within the country’s top 30 largest Certified Public Accounting firms.

The Chicago-based firm plans to shrink the size of its office space and allow its more than 1,000 professionals to work from home indefinitely.

Over the next several years, the company will replace its 14 current US offices with 30 micro offices that employees can use when not working from home or at client sites. The days of shelling out for giant office spaces – such as the company’s massive 120,000 square foot office space in Naperville, Illinois – are, however, likely numbered.

Their CEO noted that they were already planning this transformation before the pandemic struck. About one-third of their workforce was already working remotely.

What’s the plan for your office? Do you really need a large, impressive office to impress your clients? How will you provide more remote options without losing the important, personal relationships that develop when everyone is working together in the same work space? Now is the time to think about all this and develop your plan. Your employees are wondering what the future holds.

Read the article here.

  • There is one thing stronger than all the armies in the world, and that is an idea whose time has come.
  • Victor Hugo

Tuesday, August 4th, 2020

No Big Surprise – DIGITAL CPA Conference Will Be Virtual

‘It is what we know already that often prevents us from learning.’ –Claude Bernard

DIGITAL CPA has become one of the most popular and helpful AICPA conferences in recent years. It is always held in December. No surprise that this year the event will be virtual. Here’s the scoop from the AICPA:

AICPA and CPA.com Announce All-Virtual Digital CPA Event This Year

Acceleration of Change is Overarching Theme of Dec. 8 Forum

NEW YORK (Aug. 3, 2020) – Digital CPA, an event hosted by the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com, will focus this year on change management, successful deployment of distributed teams and technological innovation in the accounting profession.

The all-virtual event will be held Dec. 8 and will be complemented by a Nov. 12 pre-conference session on remote work.

“We’re living through a year defined by uncertainty, disruption, complexity, but also opportunity,” said Erik Asgeirsson, president and CEO of CPA.com. “Businesses need guidance and insight from trusted advisors like no time in history. Market dynamics are accelerating technology adoption timelines and the bonds between CPAs and their clients will be a critical component of economic recovery. We want to make this discussion the hallmark of Digital CPA 2020.”

Conference keynotes at this year’s event include:

  • Jeffrey Rogers, a moderator of executive education programs and international summits for Singularity University, who will speak about change dynamics, managing complexity and transformation in a period of continuous, accelerating change,
  • Barry Melancon, CPA, CGMA, president and CEO of the AICPA, who will give an in-depth professional issues update on accounting and finance
  • Erik Asgeirsson, president and CEO of CPA.com, who will discuss trends in firm management, advisory services and technology.

The pre-conference session, “Distributed by Design: A Framework for Future Forward Organizations,” will be led by Radical Ventures cofounder Pascal Finette. It will provide a framework and toolkit for CPA firms to conduct strategic planning and decision-making on remote work, decentralization, and the opportunities and challenges that arise from them. Participation is limited and will be on a first-come. first-serve basis.

Digital CPA is designed for CPA firm partners, managers and staffers responsible for implementing cloud solutions and practice management innovations, as well as business development, firm marketing and human resources directors within firms.

  • It's what you learn after you know it all that counts.
  • Harry Truman

Wednesday, July 8th, 2020

Women In Accounting

“If you want something said, ask a man. If you want something done, ask a woman.” – Margaret Thatcher

Here are some current stats about women in accounting from Catalyst research.

  • More than half of all accountants and auditors are women
  • Women are 61.7% of all accountants and auditors in the United States
  • Women are 50% of all full-time staff at CPA firms but make up just 27% of partners and principals.
  • The percentage of women on management committees is growing: 33% in 2019 compared to 19% in 2014.
  • Women make up nearly half of directors (41%) and senior managers (44%).

Read more here.

  • A woman is like a tea bag - you can't tell how strong she is until you put her in hot water.
  • Eleanor Roosevelt

Tuesday, June 30th, 2020

Convergence Coaching Anytime, Anywhere Work Survey

“Best Efforts will not substitute for knowledge.” – W. Edwards Deming

In case you are not aware, the 2020 ConvergenceCoaching® Anytime, Anywhere Work™(ATAWW) Survey is currently open for participation. The survey seeks input on remote and flexible work practices in accounting and consulting firms across the country.

ConvergenceCoaching is offering participants the summary results along with best practices and strategies to implement these programs and maintain a competitive advantage. They’re requesting only one entry per firm, so be sure you coordinate with other leaders in your organization.

Here is the link to participate: https://bit.ly/2020ATAWW. The survey is open through July 31st. We encourage you to participate in this important study!

  • Dream more than others think practical…Expect more than others think possible.
  • Howard Schultz

Wednesday, May 20th, 2020

Rebranding

“You must learn a new way to think before you can master a new way to be.” – Marianne Williamson

It was in the news last week. Maybe you read about it. Rehmann, a large Michigan based firm and one I have known and admired for years, even before they were a “large” firm, has rebranded and released a 30-second video as part of the brand launch.

Has your firm taken the time to think about the new opportunities you have during this troubling time? Are you making your clients aware of how perfectly placed your firm is to help them through the challenges that they are now experiencing? Do you have prospects that are beginning to realize they need a more progressive firm?

Maybe some rebranding would show your clients and prospects that you are right there beside them during this challenging time.

I loved the Rehmann video. Check it out here.

  • The first step towards getting somewhere is to decide that you are not going to stay where you are.
  • J. Pierpont Morgan

Monday, May 11th, 2020

News About Rootworks & Right Networks

“You make different colors by combining those colors that already exist.” – Herbie Hancock

Two “works” are becoming one – Right Networks has acquired Darren Roots’ organization, Rootworks.

This combination will be of interest to probably hundreds (or thousands) of firms using these organizations.

Here’s a quote from Root whose organization boasts 700 member firms – –

“We’ve been growing rapidly over the last several years, with over 700 member firms today,” Darren Root said of Rootworks. “And we’ve been evolving on the technology side. We provide a business model for the modern firm, and we help educate firms for that business model; but we also have a platform that helps accountants organize and grow that firm. Being able to leverage Right Networks’ long history of solid security and infrastructure and customer service will greatly benefit our member firms.”

Here’s the article describing the combination via Accounting Today:

  • When it seems that someone has shattered your dreams..pick up even the smallest of pieces and use them to build bigger and better dreams.
  • Jeremy Irons

Friday, May 1st, 2020

AICPA ENGAGE Goes Digital

“Everyone seems to think that digital technology devoids the medium of content, but that is not true at all. If anything, it broadens the content.” – George Lucas

The well-attended AICPA ENGAGE Conference will go on but it is just another thing that has entered the “new normal.”

ENGAGE 2020 Transitions to an All-Digital Event This Year

Virtual Sessions to Be Held in June and July with Extra Content Through End of Year

NEW YORK (April 28, 2020) – ENGAGE 2020 will be an all-digital event with the core conference taking place online from July 20–24. The event, designed for accounting and finance professionals, is sponsored by the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA).

The AICPA and CIMA decided to forego an onsite version of ENGAGE 2020 this year to ensure the safety of attendees, speakers and staff in light of the COVID-19 pandemic. The agenda has been updated to cover the latest issues impacting CPAs, clients, management accountants and other finance professionals during the current crisis.

“Our team has delivered interactive, high-quality online learning programs for a decade now and we have deep expertise in running these events,” said Clar Rosso, executive vice president of engagement and learning innovation for the Association of International Certified Professional Accountants, which is comprised of the AICPA and CIMA. “ENGAGE 2020 represents an exceptional learning opportunity, and we’ve added new features to help enhance interaction and build a sense of community among virtual attendees.”  

ENGAGE 2020 will be delivered in three ways:

Interactive Solution and Key Initiatives Sessions (June 8-12)

The kickoff ENGAGE 2020 offering features virtual sessions on key initiatives, professional trends and solutions delivered by Association staff, partners and relevant sponsors. This learning content is free to anyone who signs up. CPE credit is available.

The Main Event (July 20-24)

Online sessions will run from 11 a.m. to 5 p.m. Eastern each day, with virtual networking opportunities during breaks. Defined learning tracks include Advanced Accounting and Auditing, Advanced Estate Planning, Advanced Personal Financial Planning, EDGE Career Development, Practitioners and Tech+, Tax Strategies for the High-Income Individual and Finance Redefined.

There will be two July 22 keynote sessions:

  • Daymond John, an author, founder of the fashion business FUBU and celebrity judge on Shark Tank, will talk about how he built his businesses, financial lessons he learned on the way and general observations on entrepreneurship.
  • A professional update will be given by AICPA President and CEO Barry MelanconSue Coffey, the organization’s executive vice president of public practice, CPA.com President and CEO Erik Asgeirsson, and AICPA Vice Chair Tracey Golden.

ENGAGE + (July 27- Dec. 31)

ENGAGE 2020 All-Access Pass holders also will receive exclusive monthly access to two virtual sessions focused on a range of timely topics.

For more details about conference registration and agenda items, please visit www.aicpaengage.com.

  • Learning is not attained by chance, it must be sought for with ardor and attended to with diligence.
  • Abigail Adams

Friday, March 20th, 2020

AICPA ENGAGE Conference – Cancelled

“We must accept finite disappointment, but never lose infinite hope.” – Martin Luther King, Jr.

News from the AICPA about one of their largest conferences:

AICPA and CIMA to Postpone ENGAGE 2020 Due to Coronavirus Pandemic

Accounting and Finance Event to Be Rescheduled Later This Year

NEW YORK (March 19, 2020) – ENGAGE 2020, one of the largest accounting and finance conferences in North America, will be postponed until later this year due to concerns about the coronavirus pandemic. The event is sponsored by the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA).

The original date for ENGAGE 2020 was June 7-11 in Las Vegas. Details on the timing and format of the rescheduled event are still being set, as the situation surrounding the outbreak is fluid.

“We want our attendees, staff, and speakers to be safe, so this is the most prudent step to take at this point,” said Clar Rosso, executive vice president for engagement and learning innovation at the Association of International Certified Professional Accountants, the global organization comprised of the AICPA and CIMA.  “We also know that families, small businesses and companies of all sizes will be depending on CPAs and management accountants to help guide them through unexpected financial and economic challenges in the weeks ahead, so we are bearing that in mind, too.”

Given the restrictions on normal activities, the AICPA and CIMA continue to explore ways to support our members in their professional and personal development through expanded digital offerings and other virtual learning opportunities. More information will be available on these enhanced options soon.

ENGAGE 2020 attendees who are already registered and others interested in details about the rescheduled event can sign up for updates on aicpaengage.com. More information about the postponement, refunds, and other policies can be found in a FAQ on the site.

Several other upcoming AICPA conferences will also be postponed, including the AICPA CFO Conference, which will now be held Sept. 16-18 at the Loews Coronado Bay Resort in San Diego, Calif., the AICPA Employee Benefit Plans Conference and the AICPA Not-for-Profit Industry Conference, with the latter two reschedulings still to be determined. Please visit aicpaconferences.com for more information on events in the weeks ahead.

  • During my New York run, I injured my voice badly. I was getting increasingly hoarse, and it finally gave up. The doctor said I had two choices. Either cancel things, or try my luck and perhaps never speak again. That's not much of a choice.
  • Trevor Noah