Practice Management

This summer a couple of my columns dealt with developing a specialization, and I had a ton of feedback. One person I spoke to is a young accountant who is trying to figure out a career path with a specialization. She has about five years of experience and feels she needs to choose a specialization to be able to start the next phase of her career.

Only 23 percent of family companies have a robust succession plan in place, according to a new report from PricewaterhouseCoopers, with 46 percent saying they are reluctant to pass the business to the next generation.

Acquiring high-quality clients can prove difficult -- which may help explain why so many firms are willing to serve clients that don't provide much value.

The New York firm expands to Westchester County in its latest M&A deal with a partner that focuses on the automotive industry.

Getty Marcus makes a Manhattan move; Baker Tilly International adds a Seychelles firm; and more firm news from across the country.

A roundup of recent hires and promotions from firms across the country, including a pair of new partners at both SingerLewak and Berdon.

Accounting students have the arduous task of learning how to prepare and analyze financial reports. Like other users of financial data, they may wonder if the numbers alone are enough to evaluate a firm.

Kentucky IT consulting group contributes to organizations local and abroad in annual tradition.

The right number and titles of positions in a firm lead to stronger firm stability and growth. They can also lead to better employee job satisfaction and employee longevity because they set a clearer path to partner.

Among all the decisions and actions a small business may need to take, one of the more important is deciding whether to incorporate or form an LLC.