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Growth is important to CPAs and their firms because it provides additional capabilities, opportunities, revenue and profit. Growth can be organic or from mergers and acquisitions. Many firms are doing both, but growth requires planning, people and processes. Growth doesn't just happen because the partners in your firm decide they need to grow by 10 percent annually in order to maintain partner income. The focus of this article is on five strategies that will help your firm grow organically. They all require thinking, planning and execution, and accountability. The past two years have been challenging for all firms. The ability to grow will be even more important in the future than it has been in the past.
August 16 -
The Congressional Research Service recently commented in its report, "Tax Gap: Misclassification of Employees as Independent Contractors," that tackling the problem of misclassification of workers "would reduce federal, state and local tax gaps and provide other important benefits."
August 16 -
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Have you set the privacy settings properly on your Facebook page yet? One of our colleagues recently had her son tagged in a photo regarding some fun he had while volunteering in South America. It wasn't
August 16 -
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Technology glitches with new software at the Internal Revenue Service caused it to initially reject nearly a quarter of the 127,105 tax returns it processed during its first three weeks of operation in February.
August 16 -
Although it¨s just one of many new taxes in the health care reform law, and its effective date is more than a year away, the new Form 1099 reporting requirements are suddenly on everyone's radar screen.
August 16 -
Henny Youngman, the aptly-named "King of the OneLiners," used to joke that his accountant recently had reviewed hisfinances and assured him that he had invested enough money to live comfortablyfor the rest of his life.
August 15