2013 Summer Reading for Accountants

Short—but valuable—reads for the profession

As we did last year, we searched our shelves on a quest to find books of interest to accountants that were light enough and short enough to bring to the beach, but still worth the effort.

Here they are, divided roughly by category. And yes, you do detect an emphasis on leadership …

Memoir Memoir

Accounting Changes: Chronicles of Convergence, Crisis, and Complexity in Financial Reporting

By Robert Herz

AICPA

While prominent politicians and business figures often are expected to produce memoirs, it’s not common practice for important players in accounting to do so. A dip in former Financial Accounting Standards Board chair Robert Herz’s book may make you wish that it was. He’s had a fascinating career, and is clearly a thoughtful guy, with a serious vision for the future of financial reporting.

Business Business

Wallet Share: Grow Your Practice without Adding Clients

By Lee Eisenstaedt and Tom Siders

L. Harris Partners

The “3x3x3” model laid out in Wallet Share is deceptively simple: Go through your client base and make sure that you’re selling each one three service, that you have three contacts at each one, and that they have three contacts at your firm. Properly implemented, it can unlock a tremendous source of new business, while cementing your long-term client relationships.

Inspirational Inspirational

Leadership at its Strongest: What Successful Managing Partners Do

By Robert J. Lees, August J. Aquila and Derek Klyhn

Bay Street Group

Leadership at its Strongest creates a guide to being a successful managing partner by distilling the experience of 150 actual managing partners. It identifies and focuses on the four essential traits shared by great leaders: providing a compelling direction and strategy; engaging partners in the effort and gaining commitment; initiating activities that support their strategy; and setting a personal example.

Travelogues Travelogues

Leading Firms: How Great Professional Service Firms Succeed & How Your Firm Can Too

By David C. Kuhlman

SelectBooks

Many of the books that cross our desks about building successful companies are fairly generic: Be nimble. Value your people. Encourage innovation. Avoid doing stupid things. And so on. This one, on the other hand, actually includes specific advice that's actually relevant to actual professional service firms. Well worth a look for any partners who want to take their firm to the next level.

Guide Books Guide Books

The Leader’s Pocket Guide: 101 Indispensable Tools, Tips, and Techniques for Any Situation

By John Baldoni

Amacom

Since leadership is awfully hard, and a 24/7 sort of job, the fact that this book is actually pocket-sized, and that its advice is short and pithy, makes it even more useful.

True Crime True Crime

Faces of Fraud: Cases and Lessons from a Life Fighting Fraudsters

by Martin Biegelman Wiley

Look, it doesn't matter if you read Faces of Fraud because you want to stop them or because you want your face in a future edition—the fact is that it's a fascinating anecdotal look at frauds, cons, swindles and scams of all sizes and types. If nothing else, it'll make sure that you never, ever trust anyone else again.

Autobiography Autobiography

The Sid Kess Approach: 60 Years of Best Practices in Tax, Education, Careers and Life

By Sid Kess (as told to James Carberry)

AICPA

Sid Kess has been synonymous with tax education for many years, but this book is not about tax: It's really about Sid, and the lessons he has to teach outside of tax. Part tribute, part leadership primer and part inspirational text, it ultimately offers a pathway for personal and professional satisfaction.

Remedial Reading Remedial Reading

CPA Firm Succession Planning: A Perfect Storm

By Marc Rosenberg

The Rosenberg Associates

This was on last year’s reading list, too—but you probably still don’t have a succession plan, do you? Read this comprehensive look at why it matters, the challenges firms face, and how to build and develop staff to support your exit strategy.

Doorstops Doorstops

The Affordable Care Act

Congress and the Administration

You don’t really want to read this—among other things, it would take all summer, and you'd have to read all other laws that it refers to—but you want to read something on it from your research provider of choice, because come fall, your business clients are going to flood you with questions on it … .



Top 10 Challenges of Managing Multiple Accounting Offices

Consolidation in the accounting industry has resulted in more accounting firms juggling multiple locations. Maureen Schwartz, executive director of BKR International, provides a top 10 list of challenges as well as guidance for multiple-office practice management.

View the slideshow >>


What to Do When Your Identity Has Been Stolen

A step-by-step guide for victims of ID theft (and their advisors)

View the slideshow >>


The 'Tax Warrior' Creed

Philadelphia firm Drucker & Scaccetti creates a warrior mindset

View the slideshow >>


10 Tips for Fighting Tax-Related ID Theft

Constant vigilance is the price of fighting online fraud

View the slideshow >>


Taxpayers Speak!

A WalletHub survey reveals what your clients really think about taxes and more

View the slideshow >>


Top 10 Form W-2, 1099 and 1095 Myths vs. Realities

Greatland Corporation has compiled a list of misconceptions when it comes to tax-reporting requirements. Failing to understand the real truth behind these myths can cost a business extra money to file again or, even worse, to pay steep fines if reporting is not done in compliance with regulations.

View the slideshow >>


The Fastest-Growing Firms in the U.S.

The firms with the highest 2015 revenue growth from our Top 100 Firms/Regional Leaders list

View the slideshow >>


6 Ways to Attract and Retain Millennial CPAs

Millennials have a very different set of priorities when deciding where they want to work than previous generations. Employers need to ensure they are tailoring their organizations in order to find and keep millennial talent. Here are some suggestions from Henner Schliebs, VP and head of finance audience marketing at SAP.

View the slideshow >>


The 2016 IRS Dirty Dozen

The 12 most egregious tax scams of the year

View the slideshow >>


Top 10 Tax Tips for Farmers and Ranchers

While some farms may raise cattle, poultry or fish and others grow fruits or vegetables, all will report their farm income on Schedule F, Profit or Loss from Farming. If your clients own a farm or ranch, here are 10 tax tips from the IRS.

View the slideshow >>